China has hit back at claims of a continued uptick in trade with North Korea, arguing that its figures were taken out of context and trade with its neighbor has instead been on the decline. President Donald Trump criticized China for its ties with North Korea’s government following the launch of a test missile earlier […]
Read moreCheck out which companies are making headlines before the bell: Apple – The company was sued by Qualcomm for patent infringement. The chipmaker claims that Apple breached six Qualcomm patents that increase battery life and it is asking for an import ban on certain iPhones, as well as monetary damages. Mondelez – Mondelez said second-quarter […]
Read moreWhen you’re new to investing, it’s all too easy to make mistakes that cost tens of thousands of dollars or more. Knowing the potential pitfalls is the first step to avoiding them. Here are three to watch. Scenario: An acquaintance gives you a “can’t miss” tip on a stock at a cocktail party. He says […]
Read moreCurrency, United States Finance
Russians sole culprits in US election hacking, says ex-intel director Clapper
The U.S.’s former top intelligence official has rubbished President Donald Trump’s claims that foreign actors outside of Russia may have been involved in the alleged hacking of the 2016 U.S. presidential election, saying that they are unsubstantiated. “We saw no evidence whatsoever that it was anyone involved in this other than the Russians,” James Clapper, […]
Read moreRed, a company that makes high-end cameras to shoot blockbuster films, has launched an expensive smartphone which it is billing as the “world’s first holographic media machine”. The Hydrogen One smartphone has a 5.7 inch holographic display and runs Google’s Android mobile operating system. According to a press release by Red, the handset’s screen can […]
Read moreTesla has agreed to build the world’s largest lithium-ion battery storage project in South Australia, billionaire founder Elon Musk said on Friday. The electric car company, which also makes the Tesla Powerpack storage battery, outbid 91 other companies to win a contract to install a 100 megawatt facility. It will partner with French renewable energy […]
Read moreMUMBAI, India — Amazon Prime Video is looking to cash in on India’s two biggest loves: Bollywood and cricket. The streaming service is set to debut its first original series for India, “Inside Edge,” on Monday — just six months after Amazon’s Prime service launched in the country. It’s the latest push to capture a […]
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Protesters have taken to the streets of Hamburg, Germany, for the second day of anti-capitalism demonstrations as world leaders prepare to meet for this weekend’s 12th annual G-20 summit. Tens of thousands of people marched across the port city Thursday to display their frustrations about societal inequalities in what they dubbed a “Welcome to Hell” […]
Read moreIndonesia suffered its worst financial crisis in 1997 to 1998. The Asian Financial Crisis that hit the nation severely affected its economy, with some reports indicating a 13.7 percent contraction in growth. In one year, the Rupiah weakened from 2,500 against the U.S. dollar, to 10,000 Rupiah — with the pair peaking at 17,000. Twenty […]
Read moreBerkshire Hathaway Energy, a unit of Warren Buffett‘s Berkshire Hathaway Inc, said on Friday it would acquire Oncor Electric Delivery Company LLC in a deal that puts Oncor’s equity value at about $11.25 billion. Berkshire Hathaway Energy said it agreed to buy reorganized Energy Future Holdings Corp (EFH), Dallas-based Oncor’s bankrupt parent, for $9 billion […]
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