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Finance Tech, Trading

U.S.-China Trade War Worsens, but Global Markets Find a Footing

May 10, 2019

Via: The New York Times

Stocks edged lower again on Wall Street, sending the S&P 500 down for its fifth consecutive day, as the Trump administration imposed fresh tariffs, escalating the trade war with China. The benchmark American stock market index fell, led by declines […]


Enterprise, Industries

Ford shares jump after Bank of America upgrades the stock to buy

May 10, 2019

Via: CNBC

Ford shares rose Friday after Bank of America Merrill Lynch upgraded the equity to buy from neutral. The brokerage highlighted Ford’s favorable profit outlook, the result of what’s expected to be a strong utility vehicle and truck lineup over the […]


Energy, Industries

Chevron Drops Out of Bidding War With Occidental for Anadarko Petroleum

May 9, 2019

Via: Fortune

Chevron Corp. is abandoning its $33 billion offer for oil driller Anadarko Petroleum Corp., the culmination of a month-long bidding war in which Occidental Petroleum Corp. prevailed over a rival five times its size. The most ambitious foray of Chevron […]


Finance Tech, Trading

U.S. trade deficit widens slightly in March even as gap with China falls to three-year low

May 9, 2019

Via: Market Watch

The numbers: The nation’s trade deficit rose slightly in March, but it continued to run below year-ago levels in a sign the gap might not weigh on the economy as heavily this year as it did in 2018. A chief […]


Enterprise, Industries

Uber drivers strike ahead of impending IPO

May 8, 2019

Via: Market Watch

Ride-hailing drivers across the world went on strike on Wednesday, ahead of Uber Technologies Inc.’s UBER, +0.00% initial public offering, which is expected to price on Thursday. The drivers are protesting the large payouts that will go to Uber’s founders, […]


Finance Tech, Trading

Europe markets higher as investors shake off trade fears

May 8, 2019

Via: Market Watch

Strong first quarter earnings reports helped markets in Europe shake off the pull of Tuesday’s sharp losses. How did markets perform? The Stoxx 600 SXXP, -0.41% dipped 0.2% to 382.2. It fell 1.4% Tuesday. The U.K.’s FTSE 100 UKX, -0.31% […]


Energy, Uncategorized

Oil prices sink more than 2% as U.S.-China trade spat sparks demand concerns

May 7, 2019

Via: Market Watch

Crude-oil prices dropped on Tuesday amid lingering worries about a protracted trade conflict between the U.S. and China, which could hurt demand for the commodity. “Oil prices remain volatile, with concerns a trade war could have reduced demand battling for […]


Financial Services, Industries

Mastercard is acquiring Transactis to deepen its bill pay play (MA)

May 6, 2019

Via: Business Insider

Mastercard announced that it will acquire bill pay platform Transactis for an undisclosed amount. Transactis’ technology is used by bank and nonbank partners to enable businesses to streamline their bill collection digitally — including firms that typically don’t support digital bill pay, […]


Finance Tech, Trading

Global markets plunge on Donald Trump’s shock tariff threat as the US-China trade war escalates

May 6, 2019

Via: Business Insider

Global markets plunged after President Donald Trump on Sunday threatened to raise tariffs on hundreds of billions of dollars worth of Chinese goods and , escalating the US-China trade war. Trump threatened to dramatically ramp up the trade war with […]


Finance Tech, Trading

Warren Buffett recently invested in Amazon. It made him nearly $250 million before.

May 3, 2019

Via: Business Insider

Warren Buffett on Thursday evening revealed to CNBC that his Berkshire Hathaway conglomerate has taken a stake in Amazon. The legendary investor will hope lightning strikes twice: he made a massive $246 million — an 84% return in five years […]