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Tech Shares Hit By Disappointing Results, Impacting The Larger Market

Technology stocks have again rattled the financial markets.   A general drop in the technology company shares across the board saw the S&P 500 fall earlier last week while over 2 per cent drop in the Dow Jones Industrial Average and the Nasdaq Composite was also noted.   In terms...

Trade War Lowers Pork, Beef Prices In US, Chicken Industry To Be Hit

A reduction in exports of pork to China and Mexico because of the trade wars by President Donald Trump has forced US consumers to change taste and opt for cheaper pork compared to chicken. The lowered exports of pork products have also brought down its price in the US.   Supplies of pork and...

Sales Warnings Form iPhone Suppliers Force Down Apple Inc Shares

In what was a clear indication of weakness in projected iPhone sale, three of Apple Inc’s suppliers issued warnings on results which drove the shares of the US tech giant to a three month low.   Every new launch of the iPhone from the Cupertino, California, company is making the much loved...

Agreements With Ride Hailing, Delivery Firms New Business Strategy In Africa For Car Makers

Car makers have undertaken a strategy of luring tide hailing companies and delivery firms to increase sale in the African market.   For example, Japanese car maker Suzuki Motor Corp has struck a loans and discount deal with the US based ride-hailing company Uber Technologies and South...

China Willing To Resolve US Trade Dispute Of Talks Are Held On Equal Footing

According to media reports quoting one of the top commerce officials of China, the second largest economy in the world is not averse to patching up with the United States in terms of the trade disputes if there is mutual respect, integrity and equal footing in the talks.   During a news...

Following A Volatile Decade, Harvest Being Reaped By Early Bitcoin Investors

Since the release of a whitepaper that detailed the need for an internet currency which could be put to use as a mode of payments without the requirement of a third party such as a bank, by Satoshi Nakamoto, bitcoin’s mysterious founder, the crupto currency has seen many upheavals in the following...

US Could Impose Tariffs On All Chinese Imports If Trump-Xi Meeting Fails

If the talks between the United States president Donald Trump and Chinese President Xi Jinping, scheduled to be held next month does not yield any positive results on the trade concerns of the US with China,  the Trump administration would impose tariffs on all remaining Chinese imports by...

Possible China Auto Tax Cuts See Auto Stocks Rise And Rally

News filtering in from the largest car market in the  world China, that the authorities there can bring down its car sales taxes by fifty per cent saw a rally in the beleaguered auto stocks which was led by the likes of General Motors and Ford Motor.    According to media...

Is India Ready For A Tech Boom Led By Women Entrepreneurs?

There are very few start-ups in India that have been founded by women. That is being attempted to be changed by the government and tech industry and they are hoping that in the process millions of jobs could also be created.   According to a senior executive at India's main tech industry...

Future Rate Hikes Not A Certainty, Stress US Fed Officials

The US Federal Reserve would only engage in raising rates in the short term while accounting for the economic conditions, stressed two Federal Reserve officials.   The analogy of the Fed as a hiker was used by Cleveland Fed President Loretta Mester in a television interview. Mester said that...

China's Lucrative Market Being Targeted By Chilean Honey Producers

Chilean honey producers are now eyeing China as an export market. In a first of its kind,  Terra Andes is the first honey producer from the country to apply for export certification to China. According to local experts, this development was "goods news" for the entire gamut of homey producers...

Disappointing Q3 Results From Amazon And Alphabet Batter Tech Stocks

Very disappointing third quarter reports by Amazon.com Inc and Alphabet Inc saw a significant drop in the so-called FANG stocks and other tech shares on Thursday.   For the high-growth quartet of stocks known as FANG, the latest setback were the less than expected third quarter results...
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