Markets

by | May 16, 2019 | 04:15

But analysts said the U.S. -Iranian tension following Washington's decision this month to try to cut Iran's oil exports to zero and beef up its military presence in the Gulf in response to what it said were Iranian threats. Iranian Foreign Minister Mohammad Javad Zarif has said that "extremist individuals" in the USA government were pursuing risky policies and that Tehran is not seeking confrontation.

by | May 15, 2019 | 00:14

Circuit Court of Appeals ruled in January 2017 that Apple sells its apps directly to consumers and that they can move forward with an antitrust suit on these grounds. In this background, four iPhone users had approached the courts, alleging that Apple has unlawfully monopolized the market for iPhone apps. Today's ruling, Gorsuch said, could begin whittling away the decision in Illinois Brick and may also call other, older cases into question.

by | May 14, 2019 | 04:24

China says it will impose tariffs on $US60 billion ($NZ91 billion) of U.S. goods from 1 June, extending a bilateral trade war . China's foreign ministry had earlier said the country will never surrender to external pressure after Washington renewed threat to impose tariffs on all Chinese imports in an escalating trade dispute.

by | May 14, 2019 | 02:56

With President Donald Trump dropping trade war bombs on the heads of Chinese officials via Twitter and rival Lyft continuing to be a disaster, Uber's IPO debut stunk. The ride-hailing giant's stock fell 10% and hovered around $37 Monday afternoon on Uber's first full day of trading. Throughout that first day of trading, it didn't get much better.

by | May 11, 2019 | 07:04

The Chinese government on Wednesday threatened to retaliate if President Donald Trump follows through on his plan to ratchet up tariffs on Friday, just as the two countries try to finalize a trade deal. The benchmark S&P 500 lost 1.7 per cent to 2,884, while the tech-heavy Nasdaq fell 2 per cent to 7,964 - their third-largest percentage drops of 2019.

by | May 10, 2019 | 15:59

It's a completely free iPhone game - no microtransactions or other in-app purchases required. The app was first debuted during the Berkshire Hathaway shareholders' meeting, where both Tim Cook and Warren Buffett kicked off the events by showcasing the game.

by | May 10, 2019 | 15:53

The President's declaration that Beijing is looking to strike an agreement also followed an earlier tweet , in which Trump claimed to know why China backed away from the negotiating table. "We've actually seen an increased sensitivity to USA companies at the local level", he said. It may take three or four months for American shoppers to feel the pinch from President Donald Trump's latest round of tariff increases, but retailers will have little choice but to raise prices on a wide range ...

by | May 09, 2019 | 04:28

The USTR has formal trade figures from 2018 (or most recent annual data) concerning US and Chinese trade facts. Trump's new tariff announcements have tanked stock markets worldwide as investors, like anxious U.S. Against the yen, the dollar fell 0.1 percent to 110.13 yen for its fourth-day of losses against the Japanese currency and just off a near six-week low of 110.09 yen brushed earlier in the session.

by | May 09, 2019 | 02:40

Brent crude oil futures were at $71.28 per barrel at 0443 GMT, 4 cents above their last close, Reuters said . U.S. West Texas Intermediate (WTI) crude futures rose 31 cents to settle at $62.25 a barrel. In the previous session, holdings of SPDR Gold Trust, the world's largest gold backed exchange, dropped 0.63 percent to 740.82 tonnes, its lowest since October 11.

by | May 06, 2019 | 04:36

He said, "The 10% will go up to 25% on Friday". "That may not be forever if the talks don't work out", he said. The US president tweeted that tariffs of 10% would rise to 25% on Friday, saying: "The Trade Deal with China continues, but too slowly, as they attempt to renegotiate.

by | May 05, 2019 | 05:11

Shares in Tesla finished the day 4.3 per cent, or $10.09, higher at $244.10 in NY last night, valuing the company at $42.40 billion. Tesla shares rose 1.3 percent to $247.38 at 4:36 a.m.in NY in pre-market trading. The company said things cost it $188 million during this quarter, such as a reduction for gains in return rates and buy back warranty plans. Still, having only $2.

by | May 05, 2019 | 04:55

Mega-investor Warren Buffett says that Apple's most recent earnings confirm "the reason [my firms owns] $50 billion-plus of Apple". Today marks the beginning of the yearly invasion of Berkshire Hathaway shareholders, with the shareholder shopping day taking over the CHI Health Center, starting at noon.

by | May 04, 2019 | 07:11

Apple iPhones account for less than 1% of the Indian smartphone market, largely dominated by vendors such as Samsung and Xiaomi. The company posted quarterly revenue of $58 billion, a decline of five per cent from the year-ago quarter.

by | May 03, 2019 | 05:56

Oil has already rallied about 40 percent since the beginning of the year mainly helped by a deal between the Organization of the Petroleum Exporting Countries and other producers including Russian Federation to curb output. These figures are moderate at the moment, the demand is healthy, there is nothing to worry about... Azour said one of the most pressing issues facing Iran with the impact of U.S.

by | May 01, 2019 | 15:45

Wall Street had been expecting Alphabet to report revenue of $37.3 billion. The growth moderated from last quarter as Alphabet had warned in February. At last month's annual Cloud Next conference, he insisted that "cloud is one of the most important investment areas for Google" and promised that "we are in it for the long haul".

by | April 30, 2019 | 04:30

Microsoft has seen something of a renaissance in recent years, combining its more recent success in cloud-computing with its legacy software to once again become a business powerhouse. Stock prices fluctuate often - Apple and Amazon have both since lost their T prize, and Microsoft's value was already just under $1 trillion as of 10:30 a.m.

by | April 30, 2019 | 04:27

The billionaire will require a sign-off from an "experienced securities lawyer" for tweets on a wide range of issues, from Tesla production forecasts to sales numbers, specified by the US Securities and Exchange Commission ( SEC ). Musk corrected himself several hours later by "clarifying" that what he meant to say was that Tesla would be producing vehicles at an annualized rate of 500,000 for 2019.

by | April 29, 2019 | 12:58

Hosseini predicted that the USA will be harmed by "evil" strategies that is has adopted against Iran. However, the sanction was waived for select countries. In Europe, pump prices have also risen sharply recently. "This decision is meant to bring Iran's oil exports to zero, denying the regime its principal source of revenue", the statement from White House press secretary Sarah Sanders read.

by | April 28, 2019 | 06:09

Parker said that after consulting with Boeing and the Federal Aviation Administration about their efforts to re-certify the 737 MAX fleet, he is confident that it is prudent for the airline to begin selling tickets for flights on those planes after August 19.

by | April 27, 2019 | 02:48

Images show a lot of white smoke billowing up from underneath the vehicle, from where the battery should be, until a violent explosion blinds the camera for a split second. "Nothing is confirmed before the investigation results are out", another user wrote under Tesla's post , adding that "all electric devices carry a risk if used improperly".

by | April 27, 2019 | 02:48

Total Q1 revenue rose 26 percent from past year to United States dollars 15.1 billion - this beat analysts' average estimate of USD 15 billion. That's down 51 percent from $4.99 billion, or $1.69 per share, a year earlier, largely as a result of the $3 billion charge.

by | April 23, 2019 | 05:07

Trump administration officials said the waivers, originally granted to eight countries, were motivated by a desire to avoid a spike in oil prices in a tight market past year. "And it would have perpetuated a humanitarian crisis in Yemen". "We have been monitoring and analysing all possible scenarios and conditions for the advance of our country's oil exports, and necessary measures have been taken".

by | April 22, 2019 | 18:58

Another drop in Iranian exports would further squeeze supply in a market already tightened through the US sanctions against Iran and fellow OPEC member Venezuela, plus voluntary cuts led by the Organization of the Petroleum Exporting Countries.

by | April 21, 2019 | 00:39

Prior to its debut, the firm announced an official IPO pricing of US$36, which would value the company at US$9.2 billion. A key difference between Pinterest and Lyft were their valuation expectations. Zoom's offering was led by Morgan Stanley, JPMorgan Chase & Co., Goldman Sachs Group Inc. and Credit Suisse Group AG. The fund now holds 71 stocks in its basket, with each accounting for less than 7% exposure.

by | April 21, 2019 | 00:32

Collect 12 egg locations to win a prize or find all 30 egg locations to receive a "Expert Egg Hunter" certificate and enter an extra prize draw to win a family Easter hamper. Other activities will include a hula-hoop contest. The Mackie House will host the Coldstream Community Easter Egg hunt Saturday from 10 a.m. until noon.