Economy

German economy slips back into negative growth

German economy slips back into negative growth

The deceleration is spreading in Germany , which supports the ECB's signals that more monetary stimulus would be required. The effects of the global trade conflict were apparently overshadowed by ove...

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30-year Treasury slumps to historic low as recession fears spike

30-year Treasury slumps to historic low as recession fears spike

If all the talk about yield curves sounds familiar, it should. USA government bonds have been among the loudest and earliest to cry out warnings about the economy. It's not a healthy situation", h...

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Unemployment ticks higher in July, but remains steady seasonally adjusted

Unemployment ticks higher in July, but remains steady seasonally adjusted

However, while unemployment remained steady and the number of full-time jobs grew strongly, underemployment also rose to 8.4 per cent. "The strong rise in employment in July suggests the RBA won't b...

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USA recession fears grow as stocks fall again

USA recession fears grow as stocks fall again

The Dow gained 0.3%, to 25,543. The S&P 500 rose 7 points, or 0.2%, to 2,847.60. The debilitating effects of the Sino-US trade war on growth was on full display this week as Germany's economy cont...

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Deere to slash costs after trade war hits earnings

Deere to slash costs after trade war hits earnings

It will reduce production by 20 per cent at its facilities in IL and Iowa in the second of half of the year. The cuts will impact the production of large tractors. However, escalating trade tensions b...

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WeWork Files for IPO

WeWork Files for IPO

Its annual revenue more than doubled to US$1.8 billion in 2018 compared to US$886 million in the previous year. While the S-1 document did not indicate the final size of the capital WeWork plans to ...

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Cigarette warning labels: FDA wants to put graphic warnings on cigarette packs

The new warnings would include language highlighting the many dangers of smoking , including harm to children, fatal lung disease in nonsmokers, head and neck cancers, stunted fetal growth, heart dis...

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Yield Curve Inversion & Dow Jones Transport Index Point To Troubles Ahead

Yield Curve Inversion & Dow Jones Transport Index Point To Troubles Ahead

Several potentially negative risk events lay ahead over the next few weeks, they said, including the 19 August decision by the United States government on whether or not to grant waivers for companies...

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Greenland to Trump: Thanks, but we're not for sale

Greenland to Trump: Thanks, but we're not for sale

The Pentagon blocked China from financing three airports on Greenland past year, the Journal reported . The two people with knowledge of the presidential demand spoke on the condition of anonymit...

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Navarro: Fed's Interest Rate Environment Causing Market Slide

Navarro: Fed's Interest Rate Environment Causing Market Slide

The prospect of a recession would throw into doubt one of Mr. Trump's top arguments for reelection next year. "We should easily be reaping big Rewards & Gains, but the Fed is holding us back". Gen...

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China vows to take ‘necessary countermeasures’ against U.S. tariffs

China vows to take ‘necessary countermeasures’ against U.S. tariffs

Signs of the trade war's toll are surfacing not just in the United States and China but all over the globe. Chinese imports of US goods fell 19% from a year earlier in July. For the first time sin...

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Trump Offers Meeting With China's Xi To Resolve 'Hong Kong Problem'

Trump Offers Meeting With China's Xi To Resolve 'Hong Kong Problem'

A negotiated resolution between the Hong Kong government and the protesters - the best-case scenario. "Even though the road ahead is very unclear and will be very hard, very tough, I still have ...

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Fed to Blame for 'Crazy Inverted Yield Curve'

Fed to Blame for 'Crazy Inverted Yield Curve'

Early on Wednesday, the 10-year Treasury bond yield dropped 1.6% below the yield of the 2-year Treasury bond. Worsening economic data, weak inflationary pressures, the escalating U.S. That shifted...

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Asian shares mixed amid ongoing worries about US-China trade

Asian shares mixed amid ongoing worries about US-China trade

Worries about the global outlook have been stoked by the intensification of the US-China trade war and the response of bond markets, which are flashing warning signals about the prospect of a rece...

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Markets Right Now: Stocks end a bumpy day mostly higher

Markets Right Now: Stocks end a bumpy day mostly higher

Wall Street's main indexes surged more than 1.5% on Tuesday after Washington delayed the introduction of tariffs on some Chinese consumer goods. The Dow Jones plunged 800 points - a sharp departu...

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Australian man dead after falling overboard from Royal Caribbean cruise ship

Australian man dead after falling overboard from Royal Caribbean cruise ship

The ship launched its own rescue boats, managing to find the man's body in the water. Passenger Josh Mackey captured video of the rescue boat being deployed sometime around 4 a.m. The cruise ship is s...

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Ford extends transmission warranty for 560000 Fiestas, Focuses

Aside from the extended warranty coverage, the automaker will also once again reach out to a small group of Fiesta and Focus owners that have not received a software upgrade for the transmission contr...

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Cathay Pacific Airways CEO Rupert Hogg resigns

Cathay Pacific Airways CEO Rupert Hogg resigns

Initially, Cathay's leadership said it would not take a position on staff members and their participation in the protests, but after mainland China authorities stepped in and threatened the airline's ...

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N.Korea fires projectiles, rejects S.Korea's dialogue pledge

N.Korea fires projectiles, rejects S.Korea's dialogue pledge

South Korea 's Joint Chiefs of Staff said earlier that projectiles were twice launched from an area on the North's eastern coast, but did not say what the weapons were, how many were launched or how f...

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New York Times Columnist: Epstein Said He Had Dirt on Powerful Acquaintances

New York Times Columnist: Epstein Said He Had Dirt on Powerful Acquaintances

The objective of the meeting was to discuss rumors that Epstein was advising Tesla chief Elon Musk following the blowback from Musk's claim that he was close to a deal to take the company private....

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Major security flaw exposes fingerprints of more than 1 million people

Major security flaw exposes fingerprints of more than 1 million people

However, if hackers steal your actual fingerprint - mind you, not an encrypted version of it - then there's really nothing you can do to prevent anyone from abusing it since you obviously can't change...

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Oil prices fall on weak global economic data

Oil prices fall on weak global economic data

That bigger gain in WTI over the past four days briefly cut Brent's premium over WTI WTCLc1-LCOc1 to its lowest since March 2018. Markets had been pummelled in recent weeks amid tough talk from Trum...

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British PM Johnson to meet Ireland's Varadkar over Brexit

British PM Johnson to meet Ireland's Varadkar over Brexit

The former trade negotiator said that the "tone was important" but that people "know the [US] administration is very keen to have a trade deal with the United Kingdom". -UK free trade agreement. "Th...

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Hong Kong's airport reopens after protests but more than 200 flights cancelled

Hong Kong's airport reopens after protests but more than 200 flights cancelled

Hundreds of flights were cancelled on Tuesday after demonstrators blockaded two terminals, the second consecutive day the airport has been targeted in the latest escalation of a 10-week political cr...

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MacBook Pros with recalled batteries are banned from United States flights

MacBook Pros with recalled batteries are banned from United States flights

SAN FRANCISCO, Aug 14 ― US Federal Aviation Administration (FAA) has banned certain models of Apple Inc's MacBook Pro laptops on flights, after the company recalled select units which had batteries ...

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Trump confirms China moving troops to Hong Kong border

Trump confirms China moving troops to Hong Kong border

Thai AirAsia also announced that it had managed to resume some flights between the two destinations before the airport closed again. Although airport security quickly intervened to stop the fight, pro...

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Bitcoin Still up on the Week After Failing to Hold $11,000

Bitcoin Still up on the Week After Failing to Hold $11,000

Compared to seven days ago, Bitcoin traders have only seen modest losses of under 3%, while daily momentum was nearly flat at press time. Binance Coin (BNB) traded 0.1% lower against the dollar an...

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Porsche’s Latest E-Hybrids Are the Most Powerful Cayenne Models Ever

Porsche’s Latest E-Hybrids Are the Most Powerful Cayenne Models Ever

Visual distinctions come courtesy of Acid Green-coloured brake callipers and the same colouring around their badges. For the United States market, the models will come nicely equipped with the Sport...

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Dole recalls baby spinach that could be tainted with salmonella

Dole recalls baby spinach that could be tainted with salmonella

Salmonella is an organism that can sicken people who eat food contaminated with it. Only the specific Baby Spinach products listed, with the exact Lot codes, UPC codes and Use-by dates identified abo...

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Country risk soars, traders dump assets as fears of Argentina default loom

Country risk soars, traders dump assets as fears of Argentina default loom

LONDON, Aug 13 (Reuters) - The Japanese yen remained near seven-month highs on Tuesday and the U.S. dollar supported, as investors unnerved by the Sino-U.S. On Friday, Wall Street snapped a three-day ...

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Facebook has been listening to users' voice messages without their knowledge

Facebook has been listening to users' voice messages without their knowledge

While this is bad enough on its own and considering the other multiple privacy concerns Facebook has been regularly facing, it's even more damning when you take into account CEO Mark Zuckerberg's co...

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Allegiant Airlines to offer non-stop flights from South Bend to Sarasota

Allegiant Airlines to offer non-stop flights from South Bend to Sarasota

Bishop International Airport in Flint said new, direct flights to Sarasota, Fla., will start this fall. The airport is celebrating with a 24-hour, one-way sale with fares as low as $69. MidAmerica A...

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Burger King employees fired over 'unacceptable' pig drawing on cop's food wrapper

Burger King employees fired over 'unacceptable' pig drawing on cop's food wrapper

Rosenthal shared a photo of the offending drawing on social media, where it went viral. Officer Timo Rosenthal was on duty and in uniform while on his lunch break Thursday afternoon when he ordered ...

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Acura Type S concept unveiled

Acura Type S concept unveiled

While it's primarily form and not so much function that Acura has focused on here, the Type S Concept doesn't completely put engineering aside. The side profile is clean and continues the sporty the...

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Norwegian Air ends trans-Atlantic flights from Hamilton over 737 Max grounding

Norwegian Air ends trans-Atlantic flights from Hamilton over 737 Max grounding

Norwegian says their decision comes following a review of transatlantic operations, in the wake of the grounding of the Boeing 737 MAX aircraft that it was to use from Shannon to Stewart and Provide...

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