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Monthly Archives: June 2018

Xiaomi to postpone its China depository receipts offering

Anthony Kwan | Bloomberg | Getty Images Signage for Xiaomi Corp. is illuminated inside one of the company’s stores in Hong Kong, China. China’s Xiaomi Corp said on Tuesday it will postpone its mainland share offering until after it completes its listing in Hong Kong. Xiaomi said it would submit …

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Trump told Apple CEO iPhones will be spared from China tariffs: Report

Chip Somodevilla | Getty Images Apple CEO Tim Cook with U.S. President Donald Trump during a meeting of the American Technology Council on June 19, 2017. President Donald Trump told Apple Chief Executive Tim Cook that the U.S. government would not levy tariffs on iPhones assembled in China, the New …

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Tesla’s stock keeps rising as Elon Musk tweets

FilmMagic | HBO | Getty Images Elon Musk speaks on stage during the Westworld Featured Session during SXSW at Austin Convention Center on March 10, 2018 in Austin, Texas. Tesla continues to struggle with controversy. Over the weekend, actress Mary McCormack shared a video of her husband’s Tesla car on …

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Senate passes military funding bill that would reimpose sanctions on Chinese telecom ZTE

Giulia Marchi | Bloomberg | Getty Images Signage is displayed at the ZTE headquarters in Shenzhen, China, on Monday, June 4, 2018. The Senate easily passed a military funding bill that would reimpose sanctions on Chinese telecommunications company ZTE, challenging a controversial deal negotiated by the Trump administration. The so-called …

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Bitcoin jumps after New York approves Square’s Cash app for crypto trading

Bitcoin spiked suddenly Monday afternoon following news users of the “Cash” mobile payments app could trade the cryptocurrency in New York. The largest cryptocurrency by market capitalization gained more than 4.5 percent to $6,793, its highest since Tuesday, according to CoinDesk’s bitcoin price index. Bitcoin was trading near $6,732 as …

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Square customers can now trade cryptocurrency in New York

Payment company Square got the green light from regulators Monday allowing New Yorkers to trade cryptocurrency on the rapidly growing Cash app. While Square launched crypto trading through its payments app in late January, that feature had been unavailable in New York. “That was one of the missing pieces in …

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Dropbox rises more than 8% adding to last week’s gains

Lucas Jackson | Reuters Dropbox Inc. co-founders Drew Houston and Arash Ferdowsi celebrate while watching the initial trade of Dropbox (DBX) as it is listed for the company’s initial public offering (IPO) at the Nasdaq Market Site in New York City, U.S., March 23, 2018. Dropbox continued to climb on …

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Dow drops 200 points as US-China trade tensions linger

Michael Nagle | Bloomberg | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, April 23, 2018. On Friday, President Donald Trump announced that the U.S. would inflict tariffs that would impact up to $50 billion worth of Chinese …

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Intel shares fall after small Wall Street firm downgrades chipmaker, predicting slower growth

David Paul Morris | Bloomberg | Getty Images Attendees view the Acer Switch 7 laptop computer powered by the Intel Corp. i7 processor at the company’s booth during the 2018 Consumer Electronics Show (CES) in Las Vegas. Intel’s sales growth in the data center market will slow later this year, …

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Amazon to add over 1,000 jobs in Ireland in country’s biggest staff boost this year

Getty Images Job seekers register before interviews during an Amazon jobs fair at the Amazon Fulfillment Center on August 2, 2017 in Robbinsville, New Jersey. Amazon will add more than 1,000 new jobs in Ireland over the next two years, the U.S. online retail giant said on Monday, taking its …

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