Business News
Tesla electric car catches fire after hitting a tow truck in Moscow
A Tesla electric car caught fire after crashing into a tow truck on a Moscow motorway late on Saturday.
Month: August 2019
Business News
Volatility in China’s yuan due to escalating U.S. trade friction: PBOC official
Volatility in China’s yuan since August is a normal market reaction to escalating trade frictions stoked by the United States and was caused, to some extent, by Washington’s decision to raise tariffs, a senior Chinese central bank official said.
Business News
Brazil appeals judge lifts temporary arrest of former billionaire Eike Batista
A Brazilian appeals court judge ordered on Saturday the release of Eike Batista, the mining and oil magnate who was once Brazil’s richest man, revoking a temporary prison order that would expire on Monday.
Business News
Mexican banks report failures in processing card payments
Several of Mexico’s largest banks reported on Saturday that they were experiencing problems processing debit and credit card payments while some shops in the capital informed customers that they would only accept cash payments.
Trading Ideas
Perfect Storm of Politics and Mother Nature Raises Avocado Prices
Dwight D. Eisenhower said, “Farming looks mighty easy when your plow is a pencil and you’re a thousand miles from the corn field.”
Those words rang true over the past couple of years.
This past week, the markets were rocked as U.S.-China trade negotiations faltered… again. And the U.S. will be slapping new tariffs on Chinese imports starting September 1.
Now, the casualties in this trade war are largely American agricultural products. And we’ve seen prices for some of those suffer steep drops over the past several days.
But there’s another trade war putting the squeeze on American consumers…
Goodbye, Guacamole
I love avocados. Millions of …read more […]
Trading Ideas
News Fix: Bitcoin Network Surpasses Another Milestone
Bitcoin has the best security track record of any cryptocurrency. Its network has never been hacked. And its decentralized design means there’s no single point of failure. That’s one of the reasons why we like it so much.
This week, bitcoin’s security got even stronger.
The bitcoin hash rate – the amount of computing power used to validate bitcoin transactions – surpassed 80 quintillion SHA256 hashes per second on Thursday. (SHA256 stands for Secure Hash Algorithm 256 bit, a type of hash function commonly used in blockchain.) That’s the highest it’s ever been. And it indicates the network is stronger than ever.
That’s …read more […]
Business News
Pope caps reform of Vatican bank with new statutes
Pope Francis has approved new statutes for the Vatican Bank, making an external audit obligatory and introducing other changes to bolster reforms that have turned around the once scandal-ridden institution.
Trading Ideas
Top 3 Marijuana Small Cap Stocks To Watch
Marijuana is going from the black market to the stock market. And the growth is incredible. According to the Cannabis Industry Annual Report, legal marijuana sales doubled from 2016 to 2019. Also, the report estimates total marijuana sales will reach $24 billion by 2025. Every day the marijuana industry gains more steam, and you can get a piece of the action. Marijuana small cap stocks will help investors make millions.
For now, marijuana is in the growth stage. And that is a great place for investors. If you play your cards right, you could own a piece of the next Microsoft …read more […]
Business News
Peru suspends key permit for Southern Copper in U-turn on Tia Maria project
Peru on Friday suspended a recently issued construction permit for Southern Copper’s Tia Maria mine, a project that has triggered violent protests by nearby residents.
Business News
PG&E evaluating proposal from hedge funds Knighthead Capital, Abrams Capital
Power producer PG&E Corp said on Friday it is evaluating a proposal from hedge funds Knighthead Capital Management and Abrams Capital Management to provide equity capital commitments supporting a plan to reorganize the company.
Business News
Timeline: Key dates in the U.S.-China trade war
Hopes for an early settlement of the yearlong U.S.-China trade war dimmed this week after the United States accused China of manipulating its currency, and U.S. President Donald Trump said he would not make a deal with Beijing for now.
Business News
Trump roils markets with comments on China trade, Huawei
U.S. President Donald Trump on Friday said he was not ready to make a deal with China and even called a September round of trade talks into question, reviving concerns on financial markets that the bilateral dispute is unlikely to end anytime soon.
Business News
IMF stands by yuan view; says China could need stimulus if trade war worsens
The International Monetary Fund on Friday stood by its assessment that China’s yuan valuation was largely in line with economic fundamentals, but an IMF official said the fund was encouraging China to pursue a more flexible exchange rate with less intervention.
Business News
U.S. still evaluating requests from firms to sell to China’s Huawei: officials
The U.S. Commerce Department is continuing to evaluate requests by U.S. companies to sell certain equipment to Chinese telecoms company Huawei Technologies Co Ltd, a White House official and Commerce Department spokesman said Friday.
Business News
White House’s Navarro says still expecting next round of China trade talks
White House trade adviser Peter Navarro said on Friday the United States was still planning to hold another round of trade talks with Chinese negotiators.