Tag Archives: Stock News

Trade Wars, Brexit & a Weak 2019 Forecast: What’s Prompting Asian and European Markets to Decline?

Image: Shutterstock By CCN.com: Asian and European markets opened Tuesday on a weaker note as the International Monetary Fund (IMF) warned about sluggish global growth in 2019. Weak Chinese Market Forecasts The Asian session primarily saw a slowdown in the Chinese economy. At 0625 UTC, the Shanghai Composite index was trading at 2579.669 points, down 1.15% from its… Read More »

Dow Jones Rallies 130 Points After a Boost from US-China Optimism

This morning, Dow Jones Industrial Average Futures Trading predicted a gain of over 130 points for the index at market opening . The US stock markets have been buoyed by news that trade tariffs could be eased or even rolled back. Futures trading as of 8.20am ET, for the Dow Jones, showed 148-point gains implying the 130 point opening… Read More »

Apple’s Asia Suppliers Slash Sales Forecasts as US-China Trade War Bites

An Apple flagship store in Thailand. Image: Shutterstock Apple’s suppliers in Asia are cutting sales forecasts in anticipation of reduced iPhone sales as the U.S.-China trade war drags on. Among the hardest hit include Taiwan Semiconductor Manufacturing CO (TSMC) which singlehandedly supplies the iPhone’s core processor chips. According to the Nikkei Asia Review, TSMC estimates that its revenues… Read More »

Amazon Shareholders: Stop Selling Facial Recognition to Governments

Image via Shutterstock A group of Amazon shareholders, organized by a non-profit called Open Mic, are demanding that Amazon cease sales of its Rekognition software to government agencies. Open Mic bills itself as “a non-profit that fosters shareholder engagement at leading tech and media companies.” The facial recognition suite has been proven in independent tests to be inaccurate,… Read More »

Dow, Bitcoin Flash Red — What’s Dragging on the Markets?

Both the Dow and bitcoin have been dragged down by various fundamental and technical factors in 2019. | Source: Shutterstock Both Dow Jones Industrial Average futures and the bitcoin price slipped into decline ahead of Thursday’s US trading session. What’s dragging the crypto and stock markets down? Dow Eyes Declines as Wall Street Plays by Sour Script As… Read More »

Is Apple Dying? Long Live FANG: Technology Stocks Rally Without Apple

Is Apple running out of battery? Image from Shutterstock. The big technology stocks of Facebook, Amazon, Netflix and Google (FANG) have all rallied the past month. But not Apple which is seeing a near 7% decline over the period. It looks like FAANG (Facebook, Apple, Amazon, Netflix and Google) could be dead. FANG Stocks Rally Over the last… Read More »

China Injects Record $83 Billion to Counter Economic Decline

China’s economy is facing some of its toughest challenges in years. On Wednesday, a day after several Chinese government institutions vowed further stimulus to aid its financial sector, the People’s Bank Of China injected a net $83 billion (560 billion yuan) into open market operations via reverse repo operations — to counter its declining economy. In an official… Read More »