Latest News

Exclusive: Huawei in early talks with U.S. firms to licence 5G platform - Huawei executive
Exclusive: Huawei in early talks with U.S. firms to licence 5G platform - Huawei executive

Blacklisted Chinese telecoms equipment giant Huawei is in early-stage talks with some U.S. telecoms companies about licensing its 5G network technology to them, a Huawei executive told Reuters on Friday. Vincent Pang, senior vice president and board director at the company said some firms had expressed

White House plans G-7 agenda, tells world to
White House plans G-7 agenda, tells world to 'get on board'

Acting White House chief of staff Mick Mulvaney this week outlined the priorities the administration would like America's strongest allies to consider - and adopt - when the U.S. plays host to three days of meetings next June. Russian President Vladimir Putin could be as well. Climate change is

Nike puts an accessibility twist on its iconic Air Jordan 1
Nike puts an accessibility twist on its iconic Air Jordan 1

The Air Jordan 1, which NBA legend Michael Jordan debuted in 1985, continues to be one of Nike's most popular sneakers to this day. Throughout the years, the company has launched hundreds of different iterations of its iconic model, and now it's putting another twist on it that has the potential

Mark Hurd: Silicon Valley
Mark Hurd: Silicon Valley's Ultimate Salesman

(Bloomberg) -- Mark Hurd was in his element at Indian Wells.The tennis tournament-more formally known as the BNP Paribas Open at Indian Wells, California- provided him with the perfect backdrop to flex his passions: tennis and selling stuff. Hurd turned the event, which Oracle Corp. co-founder Larry

WeWork Is Facing an Executive Exodus
WeWork Is Facing an Executive Exodus

(Bloomberg) -- As WeWork prepares to cut potentially thousands of jobs this month, executives keep heading for the exits. The situation has turned into an exodus, with at least six C-level executives and the vice chairman leaving since last month.Adam Kimmel, WeWork's chief creative officer, is the latest

Silver Weekly Price Forecast - Silver Markets Form Supportive Candle For The Week

The Silver markets went back and forth during the week, but the most catching thing about the weekly chart is that we have formed a bit of a hammer. To break below the $17.00 level that would be very negative sign, as it would be a major support level giving way. If that were to happen, the support level that we would next reach towards could be the $16.00 level.

Natural Gas Price Forecast - Tropical Depression Sparks Short Covering

Natural gas markets initially fell during trading on Friday but turned around to show signs of support and life as traders covered from short positions due to a tropical depression in the Gulf of Mexico. We still have the same lines of support and resistance as before, with the $2.20 level being massive support and the $2.40 level being massive resistance. I would also point out that there are couple of inverted hammers down at the $2.20 level which of course been broken to the upside is a very bullish sign.

'Plants vs. Zombies: Battle for Neighborville' is available today

The latest game in the long running Plants vs. Zombies series has arrived for PS4, Xbox and PC. Plants vs. Zombies: Battle for Neighborville is a third-person shooter, but it's cartoony enough for older children; EA calls it "our biggest and most accessible shooter ever." Players can compete

7 High-Yield Dividend Value Stocks to Buy

Dividend stocks provide a reliable income stream. While near-term fluctuations in the stock market can be unpredictable, dividends are one of the few reliable sources of market returns. Here's a list of seven stocks to buy with solid dividend yields, price-earnings ratios of under 15 and five-year

Billionaire Michael Novogratz Says Rich Worried About Warren Should
Billionaire Michael Novogratz Says Rich Worried About Warren Should 'Lighten Up'

(Bloomberg) -- Billionaire Michael Novogratz has a message for his rich friends: Stop worrying so much about Elizabeth Warren."You're not victims, you're the richest people in the world," said Novogratz, the former Goldman Sachs partner who's now investing in cryptocurrency as founder of Galaxy Investment

Oaktree
Oaktree's Howard Marks on Negative Rates, Demanding Safety, U.S. Recession

Oct.18 -- Howard Marks, co-chairman at Oaktree Capital, discusses his latest note to clients on negative interest rates, the reasons why investors buy negative-yielding assets, relying on analysis over ratings, and the inevitability of a U.S. recession. He speaks with Bloomberg's Erik Schatzker on "Bloomberg Markets."

Exclusive: Boeing 2016 internal messages suggest employees may have misled FAA on 737 MAX - sources
Exclusive: Boeing 2016 internal messages suggest employees may have misled FAA on 737 MAX - sources

Boeing Co turned over instant messages from 2016 between two employees that suggest the airplane maker may have misled the Federal Aviation Administration about a key safety system on the grounded 737 MAX, sources briefed on the matter said. The FAA said it found the messages "concerning"

Boeing 2016 internal messages suggest employees may have misled FAA on 737 MAX: sources
Boeing 2016 internal messages suggest employees may have misled FAA on 737 MAX: sources

Boeing Co turned over instant messages from 2016 between two employees that suggest the airplane maker may have misled the Federal Aviation Administration about a key safety system on the grounded 737 MAX, according to documents seen by Reuters. The FAA said it found the messages "concerning"

Mark Hurd, Oracle CEO Who Led Three Tech Companies, Dies
Mark Hurd, Oracle CEO Who Led Three Tech Companies, Dies

(Bloomberg) -- Mark Hurd, who was chief executive officer of three major technology companies including Oracle Corp., has died. He was 62.Larry Ellison, Oracle's chairman, confirmed his passing in an online post."It is with a profound sense of sadness and loss that I tell everyone here at Oracle that

UPDATE 2-Opioids settlement could be near, lawyer for local governments says

Executives from several large healthcare companies and state attorneys general were progressing toward what is expected to be a multibillion-dollar deal to resolve the sprawling litigation over the U.S. opioid epidemic, a plaintiffs' lawyer said on Friday. "I think we can get a long way," said Peter Weinberger, a lawyer for local governments that have sued the companies, when asked by a reporter if a deal was possible on Friday. U.S. District Court Judge Dan Polster summoned to his court executives from the largest U.S. drug distributors, McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp, and Israel-based drugmaker Teva Pharmaceutical Industries Ltd to try to hammer out a deal...

In oil-rich region, Venezuelans fear catastrophe if Trump forces Chevron to leave
In oil-rich region, Venezuelans fear catastrophe if Trump forces Chevron to leave

LA CAÑADA DE URDANETA, Venezuela (Reuters) - With the $2 he earns in wages each week working as a cargo driver for Venezuelan state oil company PDVSA, 56-year-old Freddy Brito cannot even afford to buy one kilogram (2.2 lb) of cheese. To feed himself and his wife as the once-prosperous OPEC nation suffers

In oil-rich region, Venezuelans fear catastrophe if Trump forces Chevron to leave
In oil-rich region, Venezuelans fear catastrophe if Trump forces Chevron to leave

LA CAÑADA DE URDANETA, Venezuela (Reuters) - With the $2 he earns in wages each week working as a cargo driver for Venezuelan state oil company PDVSA, 56-year-old Freddy Brito cannot even afford to buy one kilogram (2.2 lb) of cheese. To feed himself and his wife as the once-prosperous OPEC nation suffers

Oracle co-CEO Mark Hurd dies at 62
Oracle co-CEO Mark Hurd dies at 62

Oracle Corp co-Chief Executive Officer Mark Hurd has died, the business software maker said on Friday, an unexpected development that raises pressure on co-CEO Safra Catz to lead the company's ongoing transition to cloud computing. Hurd, 62, went on medical leave last month, with Catz and founder Larry Ellison taking over his responsibilities during his absence. The company did not provide any further details at the time.

Solidarity, Y
Solidarity, Y'All: How Socialists Are Targeting Trump Country

(Bloomberg) -- America's socialists reckon they're on a roll. Next stop: Trump country.The movement has long been confined to the fringes in U.S. politics, and also on the map. It's associated nowadays with hipster enclaves of the West Coast, or New York -- where the country's most famous socialists

Oracle co-CEO Mark Hurd dies at 62
Oracle co-CEO Mark Hurd dies at 62

Hurd, 62, went on medical leave last month, with Catz and founder Larry Ellison taking over his responsibilities during his absence. Hurd and Catz were named co-CEOs in 2014, after Ellison decided to step aside to focus on his role as chief technology officer.

Good news! China
Good news! China's economy is slowing

"Policymakers' reluctance to stimulate the economy might disappoint investors in the short term, but it's a huge long-term positive."

Natural Gas Price Fundamental Daily Forecast - Short-Covering Fueled by Expectations of Cold Temperatures
Natural Gas Price Fundamental Daily Forecast - Short-Covering Fueled by Expectations of Cold Temperatures

The main trend is down, but momentum has been trending higher since October 11, following the formation of the closing price reversal bottom at $2.388. Look for an upside bias on a sustained move over $2.478, and for an acceleration to the upside if buyers can take out $2.564 and $2.568. A downside bias will develop if $2.478 fails.

Aurora Cannabis (ACB) Stock Is Poised to Rebound
Aurora Cannabis (ACB) Stock Is Poised to Rebound

Aurora Cannabis (ACB) is well-positioned for the inevitable rebound in the cannabis sector, as it ramps up production capacity, boosts its GMP-compliant output, and develops a variety of derivative products to serve the Canadian and international markets.By the end of June 2020, the company expects to

Stocks slip as first big week of earnings heads to a finish
Stocks slip as first big week of earnings heads to a finish

Stocks are slipping in early trading on Wall Street Friday, weighed down by losses in technology companies. The market is still on track for its second weekly gain after three straight losing weeks. Investors are also absorbing the latest economic data showing that growth in China sank to a new multi-decade low.

Roku
Roku's 4K Streaming Stick+ will get a permanent price drop on Sunday

For the money, the Roku Streaming Stick+ is one of the best choices for viewers who need a way to watch content from apps like HBO Go, Netflix or Hulu. Once in a while, the $60 device will go on sale for $10 off, but you're usually stuck paying full price. According to CNET, the Streaming Stick+

J&J Recalls Lot of Baby Powder After Asbestos Trace Found
J&J Recalls Lot of Baby Powder After Asbestos Trace Found

(Bloomberg) -- Johnson & Johnson is recalling one lot of its Johnson's Baby Powder after tiny amounts of asbestos contamination were found in samples from a single bottle purchased online.J&J is voluntarily recalling the lot, 22318RB, and encouraging people who bought the product to discontinue use.

Exclusive: Lampert helps bankroll Sears as woes persist after bankruptcy - sources
Exclusive: Lampert helps bankroll Sears as woes persist after bankruptcy - sources

The new financing will help stock Sears' store shelves for the holiday shopping season, as it struggles to become profitable. Lampert is no stranger to bankrolling Sears, having extended loans through his hedge fund ESL Investments Inc to the department store chain over the past decade until its

Oleg Deripaska-Linked Firm Was Raided for Undisclosed U.S. Inquiry
Oleg Deripaska-Linked Firm Was Raided for Undisclosed U.S. Inquiry

(Bloomberg) -- U.S. prosecutors aren't done with Oleg Deripaska, the Russian billionaire who figured prominently in Special Counsel Robert Mueller's case against Donald Trump's campaign chairman.In what could be an offshoot of Mueller's work, federal authorities are seeking records seized from a U.K.

Facebook
Facebook's Zuckerberg Says China 'Never Let Us In'

Oct.18 -- Facebook Inc. Chief Executive Officer Mark Zuckerberg discusses the social-media company's stance against the censored version of the internet found in China, and role of U.S.-based online companies in promoting free expression. Zuckerberg spoke to students at Georgetown University's Gaston Hall in Washington.

Schlumberger Rips Off
Schlumberger Rips Off 'Band-Aid' With $12.7 Billion Writedown

Wall Street guessed that writedowns from Schlumberger Ltd. were coming, but some analysts were taken aback by the sheer size of the $12.7 billion in pretax charges reported by the oil services company on Friday. The company's earnings report was its first since Chief Executive Officer Olivier Le Peuch took the reins in August. The writedowns led the company to post its largest net quarterly loss in at least a decade.

The Keys to Successfully Timing the Markets - October 18, 2019
The Keys to Successfully Timing the Markets - October 18, 2019

In the long-run, does consistent market timing really matter to be a successful investor?

Turkish Markets Rally as Erdogan Clinches Syria Deal With U.S.
Turkish Markets Rally as Erdogan Clinches Syria Deal With U.S.

The currency gained as much as 1.3% to 5.7585 per dollar, erasing losses that were fueled in recent days by concern Washington would impose punitive measures against the Turkish economy in response to the offensive against Kurdish rebels in Syria. "The truce deal, even a temporary one, fueled optimism among investors that the risk of sanctions has diminished significantly," said Can Oksun, senior manager of institutional sales at Global Securities in Istanbul. The agreement enshrines Turkish control of a 20-mile deep "safe zone" in northern Syria, representing a victory for President Recep Tayyip Erdogan, who had been seeking one for years.

Coca-Cola Jumps as Bets on New Products Pay Off
Coca-Cola Jumps as Bets on New Products Pay Off

Coca-Cola Co. climbed after low-sugar offerings like Coca-Cola Zero Sugar and international sales drove brisk revenue growth in the third quarter. Key Insights Market Reaction --With assistance from Janet Freund. To contact the reporter on this story: Deena Shanker in New York at dshanker@bloomberg.net For more articles like this, please visit us at bloomberg.com ©2019 Bloomberg L.P.

China stops couriers from shipping black clothing to Hong Kong amid protests
China stops couriers from shipping black clothing to Hong Kong amid protests

SHANGHAI/HONG KONG (Reuters) - China has banned the bulk shipment to Hong Kong of black clothing and other gear used by pro-democracy protesters, staff at Chinese courier firms said, amid four months of often violent unrest in the city. Customer services staff at some of China's major couriers,

Exclusive: Lampert helps bankroll Sears as woes persist after bankruptcy - sources
Exclusive: Lampert helps bankroll Sears as woes persist after bankruptcy - sources

The new financing will help stock Sears' store shelves for the holiday shopping season, as it struggles to become profitable. Lampert is no stranger to bankrolling Sears, having extended loans through his hedge fund ESL Investments Inc to the department store chain over the last decade until its

Binance Hikes Leverage to 125x for Launch of Bitcoin-Tether Futures
Binance Hikes Leverage to 125x for Launch of Bitcoin-Tether Futures

Binance's futures exchange is raising leverage to 125x with the launch of bitcoin (BTC)/tether (USDT) contracts today. The cryptocurrency exchange first announced its futures platform in early July, at the time hinting it would allow 20x leverage. Now, futures traders can now choose leveraged positions between 1x and 125x, it said Friday.

UPDATE 1-Renault sales warning drags on European shares

French carmaker Renault dragged European shares lower on Friday, while the sharpest contraction in the Chinese economy in nearly three decades exacerbated worries about slowing global growth. Renault slumped 12.7% to lowest since 2013 after the company cut its full-year revenue and profit forecast amid a broad-based slump in auto sales. The fall put the wider auto and auto parts index on course for its biggest percentage drop in two-and-a-half weeks, and pulled the Paris index down 0.2%, lagging its European peers.

SpaceX begins construction of its next-generation Starship rockets
SpaceX begins construction of its next-generation Starship rockets

SpaceX's next-generation rocket, the Starship, is 50 meters long and powered by three Raptor engines, creating a whopping 12,000 kN of thrust. It is designed to haul large amounts of cargo and eventually passengers into space, for missions to the moon and potentially to Mars and beyond as well. After

Stocks Edge Lower on Earnings, China Growth Data: Markets Wrap
Stocks Edge Lower on Earnings, China Growth Data: Markets Wrap

(Bloomberg) -- European stocks edged lower alongside U.S. index futures as earnings season rolled on and investors reviewed a mixed bag of economic data from China. The dollar held steady at its weakest level since July.Gains in media and financial-services shares weren't enough to offset automaker declines

ING Vies With Credit Suisse for Oil Tycoon
ING Vies With Credit Suisse for Oil Tycoon's London Flats

(Bloomberg) -- Two of Europe's biggest banks want to seize oil trader Igho Sanomi's London homes. Let the battle commence.ING Groep NV and Credit Suisse Group AG are vying for the Nigerian tycoon's properties in Chelsea, Belgravia and Kilburn over $5 million in unpaid debts they allege is owed by his company Taleveras Energy. ING's Brussels and Geneva branch is owed $2.2 million, ING lawyer Rupert Cohen said Wednesday in written submissions to a London court.Credit Suisse is owed about $3 million, according to a filing the lender made in April. The Swiss bank seized Sanomi's private jet, Bloomberg reported earlier this year, and the plane is currently listed as sold. The properties owned...

Ex-Credit Suisse Banker Says Secret Affair Helped Fuel $45 Million Fraud
Ex-Credit Suisse Banker Says Secret Affair Helped Fuel $45 Million Fraud

(Bloomberg) -- A former Credit Suisse Group AG banker told a federal jury in New York that his decision to take millions of dollars in bribes was fueled in part by his secret love affair with a subordinate.Andrew Pearse, 49, admitted he got at least $45 million for his role in arranging $2 billion in loans to companies in Mozambique. He's the U.S. government's first witness in the trial of Jean Boustani, a Privinvest Group salesman who's accused of defrauding U.S. investors.Pearse testified Thursday that while sitting by a pool at a hotel in Maputo, Mozambique, in 2013, Boustani offered him a bribe in exchange for lower transaction fees Credit Suisse would charge on a loan."I remember it...

Mark Zuckerberg signals Facebook won
Mark Zuckerberg signals Facebook won't return to China as he calls on tech firms to defend free speech

Facebook has effectively given up on bringing its services to China, its chief executive Mark Zuckerberg has confirmed, signalling a decisive end to the social media giant's ambition to enter that market.

U.S. Meat Export Federation
U.S. Meat Export Federation's Haggard on China's Pork Demand

Oct.18 -- Joel Haggard, senior vice president for Asia-Pacific at U.S. Meat Export Federation, discusses how the trade war and rising prices are affecting Chinese demand for pork. China, the world's biggest pork producer, saw domestic output of the meat plunge the most since at least 2009 as outbreaks of African swine fever killed hogs and hurt restocking by farms. Haggard speaks with David Ingles, Rishaad Salamat and Yvonne Man on "Bloomberg Markets: Asia."

Three Men at PG&E Decide When Californians Go Dark to Stop Fires
Three Men at PG&E Decide When Californians Go Dark to Stop Fires

Now they have some answers. In a report filed with California utility regulators on Thursday, the San Francisco-based company said three vice presidents are responsible for deciding whether the power goes out to keep electrical lines from igniting blazes: Michael Lewis, senior vice president of electric operations; Sumeet Singh, vice president of asset and risk management; and Ahmad Ababneh, vice president of electric operations on major projects and programs. Two more vice presidents will join the bunch in 2020.

The backlash over China
The backlash over China's NBA bullying is only going to get worse

The fallout from Beijing's outrage at the NBA isn't over yet. This time it just might be China's turn to be on the receiving end.

Apple
Apple's Cook meets China regulator after pulling Hong Kong app

Apple Inc CEO Tim Cook met the chief of China's market regulator in Beijing on Thursday, the Chinese agency said, a week after the U.S. firm was thrust into the midst of political tensions between the mainland and protesters in Hong Kong. Apple last week removed from its app store an app that helped

Apples rot on trees as Kashmir strife inflicts economic pain
Apples rot on trees as Kashmir strife inflicts economic pain

Kashmir's apple orchards, backbone of the economy and livelihood for nearly half the region's people, are deserted with fruit rotting on the trees at a time when they should be bustling with harvesters. Losses are mounting as insurgent groups pressure pickers, traders and drivers to shun the

AT&T, Elliott in talks after activist campaign launched - sources

AT&T and Elliott Management are talking about issues the activist hedge fund raised last month when it pushed for change at the U.S. telecommunications and media conglomerate, two people familiar with the matter said on Thursday. Elliott is pressing the telecommunications giant to cut costs, make management changes and scale back expansion aspirations in one of its most ambitious investor campaigns to date. The meetings have taken place since shortly after Elliott, one of the world's most powerful activist investors, six weeks ago sent a four-part proposal for changes to AT&T. The fund says the changes could lift the share price by at least 60% by the end of 2021.

New York City Council Votes to Close Rikers Island Jail Complex
New York City Council Votes to Close Rikers Island Jail Complex

(Bloomberg) -- The New York City Council voted Thursday to close the infamous Rikers Island jail complex as part of a sweeping criminal justice plan that includes building new borough-based detention centers in the next decade.The plan calls for Rikers and other city jails to shutter by 2026. They'd

E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis - Despite Early Rally, Buying Not Very Impressive
E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis - Despite Early Rally, Buying Not Very Impressive

December E-mini NASDAQ-100 Index futures are trading slightly higher shortly before the close on Thursday after giving up most of their earlier gains. The headlines will tell you that the market was up because of optimism over Brexit after a deal was announced and a strong performance by shares of Netflix. However, that's not the whole story.


Top News: Economy

facebook
Hit "Like"
Don't miss any important news
Thanks, you don't need to show me this anymore.