As Apple basks in its post-earnings glow, one technician warns of a bumpier road that could put the path to a $1 trillion market cap at risk. “We’re gapping up into this huge, massive overhead supply,” Todd Gordon, founder of TradingAnalysis.com, told CNBC’s “Trading Nation” on Wednesday. “Apple is trying to get through this $175 […]
Read moreAsia’s emerging economies have a lot at stake if President Donald Trump delivers on his threat to slap tariffs on up to $150 billion worth of Chinese goods. That was a major concern expressed by experts at the Asian Development Bank’s annual gathering in Manila Thursday. Later that day, a U.S. delegation heads to Beijing […]
Read moreWearable device maker Fitbit forecast current-quarter revenue below Wall Street estimates on Wednesday as the company expects further sales declines for its fitness tracking devices. The company’s core wearable fitness trackers business has fallen sharply as it faces bigger names with deeper pockets, such as Apple and Samsung, that are relatively new entries in the […]
Read moreXiaomi, a Chinese consumer electronics company, filed for an initial public offering (IPO) on Thursday. The listing could reportedly raise $10 billion and value the company at $100 billion, making it one of the largest IPOs since Alibabain New York in 2014. Despite its size, you’d be forgiven for not knowing anything about Xiaomi. Many […]
Read moreA janitor in South Korea who discovered seven gold bars in a garbage bin could keep them if no-one else claims ownership. The unidentified male cleaner found the discarded gold bars, that each weighed 1 kilogram and were wrapped in newspaper, at Seoul’s Incheon International Airport on Thursday, according to local media reports. Altogether, the […]
Read moreWith some of the heavyweight earnings reports out of the way and the Federal Reserve’s decision to hold rates steady in the rearview mirror, the market’s focus is now on the monthly employment situation, due out Friday morning. The market will be laser-focused on whether the Fed is justified in its current hawkish stance, given […]
Read moreA U.S. trade delegation arrived in China on Thursday for talks on tariffs, with state media saying China will stand up to U.S. bullying if need be, but it was better to work things out at the negotiating table. A breakthrough deal to fundamentally change China’s economic policies is viewed as highly unlikely during the […]
Read moreThe United Arab Emirates (UAE) is gearing up to help meet a growing demand for aircraft with air travel expected to rise exponentially in the coming years. “The forecast we’ve seen is the world will require around 35,000 aircraft over the next 20 to 25 years,” Ismail Ali Abdulla, the CEO of Emirati aerospace firm […]
Read moreCounterfeit goods remain a big problem for global retailers, especially in Asia, the chief executive officer of Adidas told CNBC Thursday. The German brand has calculated that up to 10 percent of the Adidas-branded products on sale in Asia could be fake. This includes products in stores and online. “In Asia it is a problem, […]
Read moreThe Pacific nation of Vanuatu is preparing to permanently evacuate the entire population of one of its islands as thick ash spewing from a volcano kills crops, dirties water supplies and fouls the air. The 10,000 or so people who remain on Ambae island have mixed feelings about the plans. Some who are badly affected […]
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