LG is preparing to build new OLED screens for an upcoming 6.5-inch iPhone, according to The Korea Herald. LG will reportedly provide the larger panels while Samsung will continue to ship its OLED screens for smaller “5.8- or 6-inch screens.” The iPhone X is the first phone Apple used OLED panels on. They’re brighter and […]
Read moreChina’s central bank told a top-level government internet finance group that the monetary authority can tell local governments to regulate the power usage of bitcoin miners to gradually reduce the scale of their production, a source said. While the People’s Bank of China (PBOC) can’t directly regulate bitcoin miners’ power usage, it can ask local […]
Read moreRising oil prices and hawkish policy from its central bank are the two biggest risks for India’s economy in 2018, a financial expert told CNBC on Wednesday. The increasing price of oil is “concerning” for India, said Vik Mehrotra, CEO and CIO of India-focused financial advisory firm Venus Capital. He added that this would particularly […]
Read moreDenver is one of many U.S. cities vying to be Amazon‘s second headquarters — dubbed HQ2 — but despite some saying that the Colorado city would be the perfect locale, CNBC’s own analysis doesn’t find the city to be a perfect match. CNBC gave Denver a grade of a C+ in meeting Amazon’s criteria — […]
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United Technologies shares rose nearly 1.5 percent after RBC Capital Markets upgraded the industrial giant and Dow Jones industrial average member. RBC Capital Markets upgraded the stock to outperform from sector perform Wednesday, arguing that recent underperformance is likely to subside and shares could pop 25 percent this year. “We view United Technologies as a […]
Read moreThe protests spreading across Iran pose no immediate threat to the nation’s oil exports, analysts said. However, the unrest could cause the Trump administration to take an even tougher stance against Iran, increasing the odds of a major supply disruption. Iran has restored its oil production to nearly 4 million barrels a day since an […]
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There’s no denying that Amazon‘s retail business had an impressive 2017 and there’s still plenty of room for the company to grow in certain categories this year. The internet giant was responsible for about 44 percent of all U.S. e-commerce sales last year, or about 4 percent of the country’s total retail sales figure, according […]
Read moreThe first gene therapy in the U.S. now has a price tag: $850,000 for the one-time treatment, or, more specifically, $425,000 per eye for a retinal disorder. The price is for Spark Therapeutics’ Luxturna, approved by the Food and Drug Administration in December to treat a rare, inherited retinal disease that can lead to blindness. […]
Read moreA new report alleging Intel chips have a security flaw is moving semiconductor stocks. The Register reported Tuesday some Intel processors have a “fundamental design flaw” that will spur a significant security update of Linux and Microsoft Windows operating systems to work around it. Shares of AMD rose 7 percent during Wednesday’s premarket session following […]
Read moreCurrency, United States Finance
Britain reportedly explores prospect of joining Pacific trade group post-Brexit
Britain is considering whether to try and join the Trans-Pacific Partnership (TPP) as the country considers its trade future outside of the European Union, according to the Financial Times. The prospect of Britain joining the distant trade group could help revitalize TPP as well as bolster exports in the U.K. after Brexit, the report said. […]
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