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David Paul Morris | Bloomberg | Getty Images Pedestrians walk past a Gymboree store in San Francisco, California. Children’s clothing retailer Gymboree Group is expected to file for bankruptcy protection this week, in what would be its second bankruptcy filing in less than two years, according The Wall Street Journal. …
Read More »Yearly Archives: 2019
Apple iPhone chip supplier Dialog reports early revenue results at low end
Stephen Lam | Reuters A man holds the Apple iPhone XS and XS Max during a product demonstration following the Apple launch event at the Steve Jobs Theater in Cupertino, California, September 12, 2018. Apple supplier Dialog Semiconductor reported early revenue results Monday that came in at the low end …
Read More »Macron launches national debate amid ‘yellow vest’ protests
IAN LANGSDON | AFP | Getty Images French President Emmanuel Macron gestures as he delivers a speech during a traditional Epiphany cake ceremony at the Elysee palace in Paris, on January 11, 2019. French President Emmanuel Macron launched a three-month nationwide debate on Monday, after tens of thousands of anti-government …
Read More »Chipmaker Western Digital falls after Evercore ISI downgrade
Kiyoshi Ota | Bloomberg | Getty Images Steve Milligan, chief executive officer of Western Digital Corp. Shares of data storage company Western Digital fell more than 4 percent in the premarket Monday after an analyst at Evercore ISI said the market has not fully price the competitive hurdles the company …
Read More »Trump threatens to devastate Turkey economically if it attacks Kurds
Saul Loeb | AFP | Getty Images President Donald Trump speaks during a press conference in the Rose Garden of the White House in Washington, DC, on January 4, 2019 following a meeting with Congressional leaders on the government shutdown. President Donald Trump issued a threat to NATO ally Turkey …
Read More »EU attempts to give Brexit reassurances ahead of a crunch vote
Sean Gallup | Getty Images News | Getty Images British Prime Minister Theresa May departs after speaking at a press conference after attending a special session of the European Council over Brexit on November 25, 2018 in Brussels, Belgium. An exchange of letters between the U.K. Prime Minister Theresa May …
Read More »The White House reportedly asked the Pentagon for military plans to strike Iran
Jonathan Ernst | Reuters National Security Advisor John Bolton answers questions from reporters as he announces that the U.S. will withdraw from a treaty with Iran during a news conference in the White House briefing room in Washington, October 3, 2018. The White House requested options for a military strike …
Read More »$7.5 billion from Goldman Sachs over 1MDB is ‘reasonable’: Malaysia
Chris Jung | NurPhoto | Getty Images Logo of 1MDB (1Malaysia Development Berhad) on a bus window in Kuala Lumpur, Malaysia. Malaysian Finance Minister Lim Guan Eng said Monday that the $7.5 billion his country is seeking from American investment bank Goldman Sachs over the 1Malaysia Development Berhad scandal is …
Read More »China 2018 full-year, December trade: Exports, imports, trade balance
AP In this photo taken Wednesday, Jan. 4, 2012, a container is loaded onto a truck, right, at a port in Qingdao in east China’s Shandong province. China’s trade suffered its biggest decline since the 2008 crisis in January, a new sign of weak global demand and a slowing domestic …
Read More »Stock market rally has legs suggests BofA currency chart
Bank of America-Merrill Lynch sees evidence the stock market’s bullish activity has near-term staying power. And, it’s using a currency chart to illustrate its case. Paul Ciana, the firm’s chief global technical strategist, highlighted the dollar versus the Chinese yuan on CNBC’s “”Futures Now” to show the strength of “risk …
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