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Lintao Zhang | Getty Images Chinese customers in an Apple store on Jan. 3, 2019, in Beijing, one day after Apple preannounced weak quarterly results that it attributed primarily to a sales slowdown in China. Apple’s iPhone shipments fell 19.9 percent during the fourth quarter in China, according to the …
Read More »Monthly Archives: February 2019
Italy could be about to challenge Trump over NATO spending
Leon Neal | Getty Images Italy’s Prime Minister Giuseppe Conte (L) shakes hands with the President of the United States Donald Trump on the first day of the G7 Summit. There could be fresh tensions over NATO contributions with Italy’s defense minister suggesting the rules should be changed on how …
Read More »Saudi Arabia denies involvement in National Enquirer Jeff Bezos report
Jim Watson | AFP | Getty Images Amazon and Blue Origin founder Jeff Bezos provides the keynote address at the Air Force Association’s Annual Air, Space & Cyber Conference in Oxen Hill, MD, on September 19, 2018. Saudi Arabia rejected the suggestion it played a role in the leaking of …
Read More »Serious Tesla electric vehicle competition from Rivian
Bloomberg | Bloomberg | Getty Images RJ Scaringe, founder and chief executive officer of Rivian Automotive Inc., unveils the R1T electric pickup truck, left, and R1S electric sports utility vehicle (SUV) during a reveal event at AutoMobility LA ahead of the Los Angeles Auto Show in Los Angeles, California. Tesla …
Read More »Facebook expanding fact-checking in India before election
David Paul Morris |Bloomberg | Getty Images Narendra Modi, India’s prime minister, speaks as Mark Zuckerberg, chief executive officer of Facebook, listens during a town hall meeting at Facebook headquarters in Menlo Park, California. Facebook has secured five new partnerships in India to widen its fact-checking program ahead of the …
Read More »Tesla shares jump after Canaccord Genuity upgrades the stock
Aly Song | Reuters Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China, January 7, 2019. Tesla shares got off to the week with a good start after Canaccord Genuity upgraded the stock and predicted a monster rally from here as electric vehicle penetration improves …
Read More »Paul Krugman warns of a possible global recession this year or in 2020
Panayiotis Tzamaros | ullstein bild via Getty Images Lecture by Nobel Prize winner economist Paul Krugman in Athens, Greece on Friday, April 17, 2015. There is a decent chance the world economy is headed for a recession in 2019, according to Nobel Prize-winning economist Paul Krugman. Market participants are increasingly …
Read More »Report of layoff plans at Activision Blizzard, Call of Duty publisher
Christopher Lee | Bloomberg | Getty Images Spectators and fans react during the Activision Blizzard Overwatch League Grand Finals in New York on July 27, 2018. The misery continues to pile on for the video game industry after its top stocks suffered double-digit declines last Wednesday. Bloomberg reported on Friday …
Read More »Chinese buying interest has surged in recent years
Prachanart Viriyaraks | Getty Images The Wat Saket (Golden Mountain) and Bangkok Grand Palace in Bangkok, Thailand. Chinese investors have continued pouring their money into Thailand’s property sector even as the kingdom barrels toward an uncertain national election. That underscores the Southeast Asian nation’s enduring popularity with the Chinese — …
Read More »DP World plans to launch its first hyperloop for cargo in India
Source: Virgin Hyperloop Virgin Hyperloop One built the world’s first working, full-sized hyperloop test in Nevada. It ran last year for a little less than a third of a mile, and accelerated a 28-foot pod to 192 miles per hour in a few seconds. “We believe there is a need …
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