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Jaap Arriens | NurPhoto | Getty Images The Microsoft Bing search engine is seen on a laptop screen in this photo illustration on January 24, 2019. Microsoft’s search engine has been blocked in China by authorities without any clear reason although experts believe censorship issues are at play. Bing previously …
Read More »Monthly Archives: January 2019
Worst is over for Apple iPhone sales, analyst Ming-Chi Kuo says
Stephanie Keith | Getty Images Tim Cook, CEO of Apple speaks while unveiling new products during a launch event on October 30, 2018 in New York City. The worst could be over for the iPhone, according to top Apple analyst Ming-Chi Kuo. The analyst with TF International Securities — among …
Read More »Facebook will open new war rooms in Dublin and Singapore
ReutersTV | Reuters Facebook’s CEO Mark Zuckerberg answers questions about the improper use of millions of users’ data by a political consultancy, at the European Parliament in Brussels, Belgium, in this still image taken from Reuters TV May 22, 2018 Facebook is expanding its efforts to fight “fake news” and …
Read More »Trump on government shutdown, border wall funding deal: WSJ
Kevin Lamarque | Reuters President Donald Trump speaks in the Roosevelt Room of the White House in Washington, January 23, 2019. President Donald Trump said another government shutdown is “certainly an option” as he expressed skepticism that Congress would reach a deal to fund the border wall he has requested, …
Read More »Charts point to 10-20% correction
Stocks may be on the brink of another correction. Despite 2019’s strong start, the Economic Cycle Research Institute’s Lakshman Achuthan believes the market remains in a danger zone, because there’s evidence economic growth is still decelerating. “The elephant in the room remains the cyclical slowdown. And, as long as that …
Read More »Violence at French yellow vest protests prompts new rallies
BERTRAND GUAY | AFP | Getty Images Protestors wearing ‘yellow vests’ (gilet jaune) kneel on the Champs Elysees avenue in Paris on December 8, 2018 during a protest against rising costs of living they blame on high taxes. French police are investigating how a prominent yellow vest protester suffered a …
Read More »Facebook’s plan to merge messaging services ignites antitrust concerns
Saul Loeb | AFP | Getty Images Facebook founder and CEO Mark Zuckerberg arrives to testify following a break during a Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee joint hearing about Facebook on Capitol Hill in Washington, DC. Facebook’s reported plans to integrate its three messaging platforms …
Read More »Saudi Arabia seeks over $425 billion in investments for infrastructure
Faisal Al Nasser | Reuters Saudi Energy Minister Khalid al-Falih speaks to the media during Saudi government ministers brief in Riyadh, Saudi Arabia December 19, 2018. Saudi Arabia is seeking to attract 1.6 trillion riyals (nearly $429 billion) in private sector investment over the next 10 years for a landmark …
Read More »Chart pinpoints level S&P 500 must break for sustainable rally: BofA
Bank of America-Merrill Lynch believes it’s premature to call an end to the market correction. Although stocks on Friday closed out 5 straight weeks of gains, Stephen Suttmeier, the firm’s chief equity technical strategist, is telling investors that stocks are still in the throes of a cyclical bear market. According …
Read More »If the markets get crazy again, these could be the three best ‘safe havens’, a study shows
With December’s monster sell-off in hindsight, many investors are looking for a potential shelter to hide when the market goes wild again. And U.S. Treasuries, Japanese yen and gold could be their best safe havens, according to HSBC. The bank ran 10 million simulations of various portfolio weightings and found …
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