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Monthly Archives: November 2018

Inflation has hit 25% in Turkey but now the central bank must hold its ground

Yasin Akgul |  AFP | Getty Images A money changer counts Turkish lira banknotes at a currency exchange office in Istanbul, on August 8, 2018.  Consumer price growth has hit a whopping 25 percent in Turkey, but the real challenge lies in the central bank not bowing to pressure to …

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Apple cancels production boost for iPhone XR: Nikkei

Source: Apple Philip W. Schiller, Senior Vice President, Worldwide Marketing of Apple, speaks about the the new Apple iPhone XR at an Apple Inc product launch event at the Steve Jobs Theater in Cupertino, California, September 12, 2018. Apple has told its smartphone assemblers Foxconn and Pegatron to halt plans …

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Tariff payments up 50% in September on Trump trade war: Industry group

Tim Rue | Bloomberg | Getty Images Cargo ship at the Long Beach Container Terminal at the Port of Long Beach in Long Beach, California. WASHINGTON – American businesses are paying much more in tariffs than they did last year, due mainly to President Donald Trump’s aggressive trade policies, according …

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October ISM non-manufacturing index

Daniel Acker | Bloomberg | Getty Images An employee removes a pizza from the oven at a Domino’s Pizza restaurant in Rantoul, Illinois. U.S. services expanded last month more than anticipated as economic growth remained hot, according to a report Monday. The ISM non-manufacturing index registered 60.3 percent in October, …

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Three options strategies for the week: Nov 5

The “Options Action” traders share three options trading strategies to kick off the week. Mike Khouw recommends risk reversal in Oracle Dan Nathan recommends a put spread in the China Large-Cap ETF Mike Khouw recommends a call spread in Caterpillar Trader disclosure: Dan Nathan is Long QQQ Nov put spread. …

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We’re looking into antitrust violations by Amazon, other big tech

Rex Curry | Reuters Jeff Bezos, Chairman and CEO of Amazon, speaks at the George W. Bush Presidential Center’s Forum on Leadership in Dallas, Texas, U.S., April 20, 2018. President Donald Trump said his administration is looking into antitrust violations by Amazon, Facebook and Google parent Alphabet. In a video …

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Amazon drops free shipping minimum, heating up fierce competition for holiday sales

Lindsey Wasson | Reuters An employee works on picking order items from inventory shelves at the Amazon fulfillment center in Kent, Washington, October 24, 2018. Amazon.com said on Monday it would offer free shipping with no purchase minimum for the first time this holiday season, heating up the competition with …

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Apple draws second downgrade on weaker iPhone expectations

Apple’s stock was downgraded for a second time in two trading days in light of softer expectations for iPhone production and shipments. Rosenblatt Securities cut its rating on the largest public company in the U.S. to neutral from buy, telling clients that it will be difficult for the Cupertino, California-based …

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SoftBank CEO Masayoshi Son breaks silence on death of Saudi journalist

Alessandro Di Ciommo | NurPhoto | Getty Images Corp. Chief Executive Officer Masayoshi Son speaks during a joint announcement with Toyota Motor Corp. to make new venture to develop mobility services in Tokyo, Japan, 04 October 2018. SoftBank’s chief executive broke his silence over the murder of Saudi journalist Jamal …

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Deutsche Bank squeezes past crucial health checks but concerns remain

Investor concerns over Deutsche Bank were put to one side on Monday as the embattled German lender performed better-than-expected in the European Central Bank’s (ECB) latest stress tests. Deutsche shares climbed a modest 0.2 percent in early deals after it registered a core tier 1 capital ratio of 8.14 percent …

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