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Monthly Archives: February 2018

Apple to build a second data center in China: Report

Jim Todd | Reuters Aerial view of the Apple Data Center in Mesa near Phoenix, Arizona, U.S. on August 6, 2017. Picture taken on August 6, 2017. Apple plans to build its second data center in China at Ulanqab City in the Inner Mongolia Autonomous Region. Apple will build its …

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South African markets slide as State of the Nation address is canceled

Wikus de Wet | AFP | Getty Images South African President Jacob Zuma speaks in Johannesburg, South Africa, on December 15, 2017, on the eve of the ANC’s 54th National Conference. South African markets tanked Tuesday afternoon, with the Johannesburg Top 40 index trading over 2.7 percent lower on the …

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How much the market would have to drop to wipe out the Trump rally

Aaron P. Bernstein | Reuters President Donald Trump looks on as Treasury Secretary Steve Mnuchin speaks at a signing ceremony at the Treasury Department in Washington, U.S., April 21, 2017. President Donald Trump has repeatedly touted the strong stock market performance since his election victory as proof of his success. …

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Comac, the maker of China’s first passenger jet, sets its sights on Southeast Asia

China Daily | Reuters The first C919 passenger jet made by the Commercial Aircraft Corporation of China (Comac) is pulled out next to a Chinese national flag during a news conference at the company’s factory in Shanghai, Nov. 2, 2015. The manufacturer of China’s first homegrown passenger jet is targeting …

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Trump treason remarks were ‘tongue-in-cheek’: White House

Mandel Ngan | AFP | Getty Images President Donald Trump delivers remarks at Sheffer Corporation in Blue Ash, Ohio on February 5, 2018. President Donald Trump was joking when he suggested that Democrats were being “treasonous” by not clapping for him during his State of the Union address, a White …

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Bitcoin plunges below $6,000 alongside global stock markets

Bonds, as measured by the iShares 20+ Year Treasury Bond Exchange-Traded Fund (TLT), are falling, down 2.58 percent for the year so far. That’s still far less than bitcoin. Finally, bitcoin’s latest decline shows it is quite correlated to major financial assets, in contrast to digital currency enthusiasts who have …

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Key measure of market volatility — the VIX — jumps above 50, highest level since Aug 2015

A key measure of market volatility is surging in early trading Tuesday after a triple-digit percentage move the previous day. The CBOE Volatility Index, or VIX, is a key measure of market expectations of near-term volatility conveyed by S&P 500 stock index option prices. It’s sometimes called the “fear gauge.” …

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General Motors Q4 2017 earnings

Jeff Kowalsky | Bloomberg | Getty Images Mary Barra, chief executive officer of General Motors Co. General Motors reported quarterly earnings and revenue that beat analysts’ expectations on Tuesday. Here’s how the company did compared with what Wall Street expected: Adjusted EPS: $1.65 vs. $1.38 cents expected according to Thomson …

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Bitcoin and cryptocurrencies are Ponzi bubbles says BIS

Susana Gonzalez | Bloomberg | Getty Images Agustin Carstens, general manager of the Bank for International Settlements (BIS). The general manager of the Bank for International Settlements (BIS) has savaged bitcoin as a “combination of a bubble, a Ponzi scheme and an environmental disaster.” Augustin Carstens questioned Tuesday the sustainability …

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US warns on growing nuclear arsenals of China, Russia, North Korea

KCNA via KNS | Associated Press In an undated image distributed on Sept. 3, 2017, North Korean leader Kim Jong Un was inspecting the loading of a hydrogen bomb into a new ICBM, according to the North’s state media. North Korea may be only months away from being able to …

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