Business


Sony, Nintendo, And Microsoft Write Joint Letter Opposing Trump Tariffs Sony, Nintendo, And Microsoft Write Joint Letter Opposing Trump Tariffs
- June 27, 2019

If U.S. President Trump's proposed Chinese tariffs aren't amended to exclude games consoles, the entire precious console industry could come unraveled. It goes on to note the potential harm to third-party accessory makers, developers , and especially retailers. The part all three companies object to is HTSUS subheading 9504.50.00 , which covers video game consoles as being under the umbrella of the tariffs. (more...)
Amazon Prime Day 2019 will last two full days Amazon Prime Day 2019 will last two full days
- June 27, 2019

From now until June 30 (or while supplies last), you can score the Toshiba HD 43-inch Fire TV Edition Smart TV at a majorly discounted price. If you're planning to buy stuff on Amazon, you might want to hold on to those purchases for a few more weeks. (more...)
Wall St sinks as hopes fade for rate cuts, trade progress Wall St sinks as hopes fade for rate cuts, trade progress
- June 26, 2019

Indeed, US-China trade war anxieties found no relief in a White House official's remarks that Trump is "comfortable with any outcome" resulting from a planned meeting with Chinese President Xi Jinping at the Group of 20 summit convening in Japan on Friday. (more...)
Chipmaker Micron resumes shipments to Huawei after nosedive in quarterly revenue Chipmaker Micron resumes shipments to Huawei after nosedive in quarterly revenue
- June 26, 2019

Mehrotra said Huawei was Micron's top customer and that the ban cost the company as much as $200m in missed sales during the third quarter. Micron makes chips used as the main memory in computers and as storage in mobile devices. The US government move to block Huawei comes after years of claims its products represent a security threat to the US. Removing any obstacles to trade will be music to the ears of the tech industry, and particularly Micron, which is facing its fair share of ... (more...)
Bombardier sells regional jet business to Mitsubishi Bombardier sells regional jet business to Mitsubishi
- June 26, 2019

The Quebec-based plane and train maker announced Tuesday that it has entered a definitive agreement with Mitsubishi to sell its CRJ aircraft program for US$550 million, as well as the assumption of US$200 million in liabilities. Bombardier previously sold its C Series program to Airbus after it was driven to the brink of bankruptcy. In an interview, Bombardier Chief Executive Alain Bellemare said some proceeds from the deal would go toward paying down debt, although he would not offer ... (more...)
Trump bashes stubborn child Fed as economy shows signs of weakness Trump bashes stubborn child Fed as economy shows signs of weakness
- June 26, 2019

Mr. Powell, whom Mr. Trump appointed, said Wednesday he didn't believe the law gave Mr. Trump the authority to remove him. Trump has been very critical of Powell and slammed the head of the USA central bank for leaving interest rates unchanged. (more...)
Gold at over 6-year high on geo-political tensions Gold at over 6-year high on geo-political tensions
- June 26, 2019

The Fed signaled a dovish outlook on monetary policy last week, with bond markets expecting the US central bank to cut interest rates by 75 basis points through the end of the year. "The drivers here continue to be heightened expectations of the Fed cutting rates - now 3.1 cuts priced by years' end", he said, noting that a number of index trackers showed the dataflow from the United States was now showing more disappointing misses than Europe. (more...)
Bitcoin Cash Price Hits $471.68 on Exchanges (BCH) Bitcoin Cash Price Hits $471.68 on Exchanges (BCH)
- June 26, 2019

The move extends the coin's incredible run in the year-to-date, with BTCUSD boasting a gain of roughly 185% in 2019.On Friday, I cautionedthat weekend trading conditions would result in lower volume and therefore more drastic price swings, but hindsight reveals the move was etched amid healthy volume - adding credence to the move. (more...)
China suspends Canadian meat imports amid Huawei dispute China suspends Canadian meat imports amid Huawei dispute
- June 26, 2019

The embassy in Ottawa said a customs investigation - launched after the discovery of traces of a banned feed additive - revealed that up to 188 forged certificates had been provided to Chinese officials through "Canadian official certificate notification channels". (more...)
600-HP BMW M NEXT Revealed As The New i8 600-HP BMW M NEXT Revealed As The New i8
- June 26, 2019

Designers also created a three-dimensional surround for the battery pack and this helps to make it look more interesting than the battery used on the Harley-Davidson LiveWire . A four-cylinder petrol engine powers the rear axle, while an electric motor can be switched on at the front axle - BMW speaks of "electric all-wheel drive". (more...)
Kushner's Peace to Prosperity plan met with guarded enthusiasm Kushner's Peace to Prosperity plan met with guarded enthusiasm
- June 26, 2019

As CGTN's Gerald Tan reports from Washington, there are significant questions about how much support the plan can muster. Egypt, Saudi Arabia, Morocco, Jordan and various Gulf states have sent finance officials to the workshop . The US is set to roll out economic proposals at a conference in Bahrain later Tuesday aimed at paving the way towards a peace process between the Israelis and the Palestinians. (more...)
Senior Fed officials weigh in on potential rate cut Senior Fed officials weigh in on potential rate cut
- June 26, 2019

Asked later about the possibility of disappointing markets by not delivering a cut, Powell added, "We're not in the business, really, of trying to work through short-term movements in financial conditions". With US unemployment near historic lows and inflation forecast to rise only slowly, the outlook remained generally "favorable", Powell said. -China trade talks broke down. (more...)
AbbVie to acquire Botox-maker Allergan in $63-billion deal AbbVie to acquire Botox-maker Allergan in $63-billion deal
- June 26, 2019

The specialty drug company AbbVie will spend $63 billion to acquire Allergan , the maker of Botox and other cosmetic treatments. "The combination of AbbVie and Allergan increases our ability to continue to deliver on our mission to patients and shareholders". (more...)
Prime Day 2019 - Big deals for Amazon Prime subscribers Prime Day 2019 - Big deals for Amazon Prime subscribers
- June 25, 2019

There is one catch however. Don't worry, though. We've set up a Prime Day Hub , which will be updating constantly during the event. Everything kicks off on the United Kingdom as the clock passes midnight on 15th July, and will continue until the 16th becomes the 17th. (more...)
'Tax us more,' say U.S. billionaires 'Tax us more,' say U.S. billionaires
- June 25, 2019

Simmons said a wealth tax could help deal with problems like the "lack of child care, educational debt, the opioid crisis and the climate crisis". Elizabeth Warren's proposed wealth tax, which targets around 75,000 households with $50 million or more in assets and promises to raise almost $3 trillion over 10 years. (more...)
Surging sales, surging losses: Cannabis stock plunges on Canopy Growth's disappointing results Surging sales, surging losses: Cannabis stock plunges on Canopy Growth's disappointing results
- June 25, 2019

The recommendation falls on a scale between 1 and 5. A low number between 1 and 2 indicates a Buy or Strong Buy. "Probably what's happening today is some retail people who are selling their stock are getting replaced by institutional people who see this as the buying window", Linton said in a phone interview. (more...)
FedEx misses delivery of Huawei package to US FedEx misses delivery of Huawei package to US
- June 25, 2019

Recently, there was a report that FedEx has refused to send a Huawei smartphone to the USA citing "government issue with Huawei and China government". government issue with Huawei and China government". Huawei's shipping agent blocked two more from Vietnam, which FedEx had also attempted to reroute. (more...)
Trump announces new sanctions on Iran
- June 24, 2019

Trump pulled back from the brink of retaliatory strikes on Iran last week, but appears to be continuing to ratchet up his "maximum pressure" campaign. The escalation of tensions comes more than a year after Trump pulled the US out of the 2015 Iran nuclear deal and reapplied heavy economic and diplomatic pressure against the country. (more...)
Bill Gates laments losing to Android Bill Gates laments losing to Android
- June 24, 2019

According to Gates , letting Apple and mainly Google own the mobile market with Android was nothing less than Gates' "greatest mistake ever", as he said during the event. Microsoft rebooted its mobile efforts with Windows Phone back in 2010, but it was already too late to catch up. The Verge says that the foldable will look more like Microsoft's previous Courier tablet concept ( seen at the top of this story) than the images of the Andromeda device that we showed you a year ago. (more...)
Oil prices rise as USA threatens new sanctions on Iran Oil prices rise as USA threatens new sanctions on Iran
- June 24, 2019

The statements came amid recent unrest in the world's busiest oil chokepoint. The order comes amid rising tensions between the USA and Iran, including last Thursday when an Iranian surface-to-air missile brought down a $100 million US surveillance drone, claiming that the unmanned aircraft was in the country's airspace. (more...)
FedEx mistakenly rejects shipment of a Huawei phone to the US FedEx mistakenly rejects shipment of a Huawei phone to the US
- June 24, 2019

FedEx refused to deliver a Huawei phone sent from PC Mag , which was to be used for review. Earlier this month, FedEx apologized for delivery errors on Huawei packages following reports that parcels were returned to senders, and China's biggest tech company said it's reviewing its relationship with the us delivery service. (more...)
Turkish opposition: Nothing will be the same after Istanbul win Turkish opposition: Nothing will be the same after Istanbul win
- June 24, 2019

Opposition supporters and the few media outlets that back them are calling Republican People's Party's ( CHP ) Ekrem Imamoglu's win in the Istanbul mayoral rerun vote a win for democracy. "I think the most exciting story of Turkish politics for the next four years is going to be Erdogan vs Imamoglu". "It's an alarming sign for the AKP establishment", said Sinan Ulgen, visiting scholar at Carnegie Europe in Brussels and a former Turkish diplomat. (more...)
Eldorado Resorts takes on bigger rivals with $8.5 billion Caesars buy Eldorado Resorts takes on bigger rivals with $8.5 billion Caesars buy
- June 24, 2019

Eldorado has a market value of about $4 billion. News that a merger between Eldorado and Caesars might be forthcoming first emerged back in the spring with reports that Caesars' board had approved a possible sale, with initial rumors citing either Eldorado or the Golden Nugget as a potential buyer and/or partner. (more...)
Air Canada passenger 'wakes up alone on dark, locked plane' Air Canada passenger 'wakes up alone on dark, locked plane'
- June 24, 2019

Tiffani Adams woke up in a plane parked at Toronto Pearson Airport hours after her flight ended. "I wake up around midnight (few hours after flight landed) freezing cold still strapped in my seat", wrote Adams. "I thought, 'This is a nightmare, '" O'Brien, who is from St. Thomas, Ontario, told CTV News in an interview that aired over the weekend. Air Canada did not respond to a request for comment late Sunday, but confirmed to the AP that the incident did happen. (more...)
The new Raspberry Pi 4 is here for just $35
- June 24, 2019

The Raspberry Pi 4 also comes with a range of programming languages, allowing its users to enter the world of developing and coding as well as using the device like a traditional PC, and is already widely used in education and industry. Taking many fans and community members by surprise, the Raspberry Pi foundation has announced the brand new Rasperry Pi 4 Model B, a significant upgrade to the Raspberry Pi 3 generation. (more...)

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