U.S.-North Korea geopolitical tensions came to the fore once again as Asian stocks remained pressured and demand for safe haven assets remained intact in Friday trade. South Korea’s benchmark Kospi index fell 1.69 percent, driven by losses in tech and retail stocks. Samsung Electronics and SK Hynix sank 2.61 percent and 4.04 percent respectively, while […]
Read moreTwo newly public tech companies reported earnings on Thursday, and both were ugly for their investors. Meal-kit preparer Blue Apron, which went public in late June, gave its first earnings report as a public company before the bell. It missed earnings expectations by a wide margin — losing 47 cents a share instead of the […]
Read moreIf the world’s largest economy wishes to avoid full-blown conflict with North Korea, President Donald Trump may need to adopt the measured style of Secretary of State Rex Tillerson instead of engaging in a war of words with the rogue nation. Two days after Trump’s “fire and fury” ultimatum to North Korean leader Kim Jong […]
Read moreU.S. Defense Secretary General James Mattis said on Thursday that the country’s military is “ready” to counter the threat from North Korea. “My responsibility is to have military options if needed,” Mattis told a group of reporters in Mountain View, California, where he was visiting a new Department of Defense arm designed to speed the […]
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