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Monthly Archives: June 2018

Mattis assures South Korea on US troops, says commitment ‘ironclad’

Getty Images Defense Secretary Jim Mattis (L) and Chairman of the Joint Chiefs of Staff Gen. Joseph Dunford (R) brief members of the media on Syria at the Pentagon April 13, 2018 in Arlington, Virginia. U.S. Defense Secretary Jim Mattis on Thursday assured South Korea of an “ironclad” commitment to …

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Energy platform uses blockchain and AI to cut bills

Andrew Francis Wallace | Getty Hydrolines in the Burlington area, October 19, 2017. Ontario Auditor General Bonnie Lysyk warns Liberals’ 25-per-cent hydro rebate could cost an additional $4B over the next 30 years. “That will be our differentiator,” said Tan. “Anyone can build a transaction platform.” Currently, the Singapore-based company …

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Iran protests will continue, but are unlikely to threaten the regime

Ali Mohammadi | Bloomberg | Getty Images A briefcase filled with Iranian rial banknotes sits on display at a currency exchange market on Ferdowsi street in Tehran, Iran, on Saturday, Jan. 6, 2018. Protests began in Iran’s capital on Sunday, sparked by shop owners — or bazaaris — shutting their …

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White House still targeting Chinese investment in the US

Win McNamee | Getty Images Treasury Secretary Steven Mnuchin answers questions from the media outside the White House June 27, 2018 in Washington, DC. Even if it doesn’t publicly single out Beijing, the administration will continue to take a tough stance on on Chinese transactions involving U.S. technology companies, according …

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Stocks making biggest moves after hours: PIR, BBBY & more

Luke Sharrett | Bloomberg | Getty Images A Pier 1 Imports retail store stands in Louisville, Kentucky. Check out the companies making headlines after the bell: Shares of Pier 1 Imports plummeted more than 15 percent in extended-hours trading after the retailer reported weak sales. The popular home decor company saw …

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Equifax breach: Consent order issued

Andrew Harrer | Bloomberg | Getty Images An Equifax Inc. slide is displayed on a monitor during a House Financial Services Committee hearing in Washington, D.C., on Wednesday, Oct. 25, 2017. A group of state regulatory agencies has laid out detailed new requirements for how Equifax must conduct business, but …

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Chinese yuan fall sparks fear trade war could turn into currency war 

China’s currency slid to a fresh six-month low against the dollar Wednesday, sparking speculation China could use a weakened yuan as a weapon if tensions with the U.S. turn into an out-and-out trade war. The idea is that China could let the yuan fall, making Chinese goods cheaper on the …

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Fear of trade wars turned small caps into the latest safety play   

Small cap stocks have been racing ahead of large caps since February, and should continue to outperform despite their relatively high prices. Despite this week’s selloff, analysts still see plenty of upside for small caps simply because they are less exposed than larger companies to overseas markets, where U.S. companies …

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LaCroix maker shares plunge 16% in two days as SEC questions sales

Shares of National Beverage, the maker of the popular seltzer water brand LaCroix, dropped more than 8 percent on Wednesday as the Securities and Exchange Commission raised questions about some of the company’s sales measurements. The stock closed at $100.19 and has fallen more than 12 percent over the past …

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