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Victoria Jones – PA Images | PA Images | Getty Images Prime Minister Theresa May leaving 10 Downing Street, London, ahead of Prime Minister’s Questions. Senior U.K. ministers are busy discussing U.K. Prime Minister Theresa May’s plan for Brexit, with speculation that some key lawmakers could resign if they are …
Read More »Monthly Archives: November 2018
PG&E plunges 20% after disclosing an ‘electric incident’ just before fire
Justin Sullivan | Getty Images Firefighters try to contain a fire so it doesn’t spread to a neighboring building as the Camp Fire moves through the area on November 8, 2018 in Paradise, California. Shares of utility PG&E fell 20 percent on Wednesday after the company said that if its …
Read More »Sterling could jump 8% if Brexit deal gets approved by UK Parliament, experts say
Sterling is still down by over 10 percent since the U.K. voted to leave the European Union in June 2016. The process to leave the bloc has proven long and rich in technical details. The departure date has been scheduled for March 29 next year — meaning that negotiators have …
Read More »Social media needs to be policed
Josh Edelson | AFP | Getty Images Instagram CEO Kevin Systrom speaks at Facebook’s corporate headquarters during a media event in Menlo Park, California on June 20, 2013, where Facebook announced the introduction of video for Instagram. Instagram co-founder and former CEO Kevin Systrom said it is important for the …
Read More »Apple gets downgraded, more iPhone estimates cut
Apple shares were downgraded on Wednesday by a Guggenheim Partners analyst who predicted a 5 percent decline in iPhone units sold in 2019. The firm also said rising prices would not be enough to offset that decline in sales. Also on Wednesday, UBS cut its Apple iPhone sales estimates and …
Read More »Treasury yields slightly lower ahead of Fed speeches, inflation data
Drew Angerer | Getty Images Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell, October 25, 2018 in New York City. At last week’s Fed meeting, the bank left rates unchanged as expected, but said it sees “further gradual increases” …
Read More »Italy sticks to its budget targets, defying the EU
ALBERTO PIZZOLI | AFP | Getty Images Italys Labor and Industry Minister and deputy PM Luigi Di Maio (L) and Italys Interior Minister and deputy PM Matteo Salvini smile before the swearing in ceremony of the new government at Quirinale Palace in Rome on June 1, 2018. The Italian government …
Read More »Alipay parent Ant Financial says services to surpass payments business
Matthias Doering | Bloomberg | Getty Images An Alipay digital payment app logo and smartphone sit on a desktop at the Wirecard AG headquarters in Munich, Germany, on Wednesday, Sept. 5, 2018. Asked whether technology services would be the main business in the future, Jing said, “in the long term, …
Read More »Huawei to release augmented reality (AR) glasses
David Paul Morris | Bloomberg | Getty Images Richard Yu, chief executive officer of Huawei Technologies Co., holds the Mate 10 Pro smartphone while speaking during the company’s keynote event at the 2018 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Tuesday, Jan. 9, 2018. Huawei is working …
Read More »Blue Apron to reduce workforce by 4% in push to reach profitability in 2019
Daniel Acker | Bloomberg | Getty Images Vegetables from a Blue Apron meal-kit delivery are arranged for a photograph in Tiskilwa, Illinois. Blue Apron will reduce its workforce by 4 percent as it aims to become profitable in 2019, the meal kit company announced Tuesday. In a release outlining the …
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