Markets rebounded on Monday, and one trader believes it’s a sign the bull market will rage on. “We’ve seen volatility on the heels of this escalation in tensions with North Korea, but I think it’s buyable,” said Todd Gordon of TradingAnalysis.com, referring to the dip in the markets seen last week as tensions escalated between […]
Read moreRadio stations in Guam accidentally broadcast an emergency civil danger warning on Tuesday, prompting residents of the U.S. pacific territory to fear the worst after a week of military threats from North Korea. The two radio stations, a music channel and a Christian network, broadcast an emergency message over Guam’s airwaves at around 12.15 a.m. […]
Read moreBitcoin hit another record high on Tuesday, with the continuing rally bringing its market capitalization within touching distance of major stocks like Netflix. The price of the cryptocurrency hit an all-time high of $4,483.55 in early trade on Tuesday, continuing the strong rally seen in the past couple of weeks, according to industry website CoinDesk. […]
Read moreBritish consumer price inflation unexpectedly held steady last month as fuel prices fell amid other signs that the squeeze on households’ spending power may slowly be starting to level off. Official figures on Tuesday showed the pace at which manufacturers’ raw material costs are rising slowed by the most in over five years as the […]
Read moreCurrency, United States Finance
Britain's Brexit minister says UK should not have to pay for temporary customs deal with EU
The U.K. should not have to pay to have a customs union during an interim period after leaving the European Union (EU), Brexit Secretary David Davis said on Tuesday. Britain has proposed a temporary customs union with the EU for at least three years after Brexit in order to allow the “freest and most frictionless […]
Read moreA cybersecurity investigation into three of China’s most popular social media platforms may have nothing to do with alleged illegalities. Instead, President Xi Jinping’s administration may simply be looking to tighten censorship ahead of a major leadership reshuffle later this year. Last Friday, cyberspace regulators said the three platforms — Tencent’s WeChat, Sina’s Weibo and […]
Read moreUber said Tuesday that it would be ignoring an order from the Philippines‘ transport regulator to temporarily cease and desist operations. The U.S.-based ride-hailing company said it has filed a motion for regulatory reconsideration after the Land Transportation Franchising and Regulatory Board (LTFRB) issued an advisory on Monday, wherein it said it had suspended Uber’s […]
Read moreAustralian fast-food chain Domino’s Pizza Enterprises, the biggest Domino’s franchiseeoutside the United States, missed full-year profit expectations on Tuesday due to sluggish sales in Japan and France, sending shares to a near two-year low. Sydney-listed Domino’s also forecast slower earnings growth in the current financial year to June 2018, pointing to moderation in the spectacular […]
Read moreApple is gearing up to release a new Apple Watch which may not require tethering to an iPhone for key functions like calls, making it a standalone device, a source with knowledge of the matter told CNBC. The U.S. tech giant will launch the next generation Apple Watch in September, the source said, when it […]
Read moreThe German economy grew by less than expected in the second quarter as net trade dampened an overall expansion which was driven by strong household spending and rising state expenditure, the Federal Statistics Office said on Tuesday. Seasonally and calendar adjusted gross domestic product (GDP) in Europe’s biggest economy rose by 0.6 percent on the […]
Read more