A surge this week has Tesla racing back to levels not seen in three months and reversing a sell-off that had wiped out a year’s worth of gains. The charts suggest its comeback is just getting started, one technical analyst says. “Tesla likes to consolidate and then thrust higher,” TradingAnalysis.com’s …
Read More »Monthly Archives: June 2018
Apple shares fall 2% after Nikkei report about iPhone parts orders
David Paul Morris | Bloomberg | Getty Images Tim Cook, chief executive officer of Apple Inc., speaks about the iPhone X during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Tuesday, Sept. 12, 2017. Apple shares fell 2 percent in U.S. premarket trading on Friday, after …
Read More »China’s ZTE apologizes, pledges reboot after agreeing to pay $1 billion fine to US
Lluis Gene | AFP | Getty Images People walk in front of the ZTE stand at the Mobile World Congress on February 27, 2018 in Barcelona. The chairman of ZTE apologized to staff and customers on Friday after the Chinese technology firm agreed to pay a $1 billion fine to …
Read More »Tariff dispute likely to cast a chill over G-7 summit
Mandel Ngan | AFP | Getty Images President Donald Trump makes his way to board Marine One from the South Lawn of the White House on May 23, 2018 in Washington, DC. There will likely be a chill in the air at Friday’s G-7 meeting in Quebec following President Donald …
Read More »Back the bill, urges UK’s May as Brexit law faces crunch test
Francois Lenoir | Reuters Britain’s Prime Minister Theresa May arrives at a European Union leaders summit in Brussels, Belgium, March 22, 2018. British Prime Minister Theresa May urged lawmakers to back the legislation that will end Britain’s membership in the European Union, ahead of a series of crunch parliamentary votes …
Read More »Canada pushes Trans Mountain pipeline to sell oil to Asia
The Canadian government has long said it wants a way to expand its export horizons. The current 715-mile pipeline carries oil to markets on the U.S. West Coast, and the expansion along 610 miles would also provide more oil to the United States, in addition to Asian customers, like China. …
Read More »Japan, US first trade talks in July under new framework
Chip Somodevilla | Getty Images Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump arrive for a joint news conference at the White House June 7, 2018. Japan and the United States are working to hold their first bilateral trade talks under a new framework in July, Japan’s Foreign …
Read More »Japan’s economy contracted as expected in the first quarter
Frederic Soltan | Corbis | Getty Images Aerial view of Tokyo from the Skytree Tower, a broadcasting, restaurant, and observation tower in Sumida, Tokyo on March 17, 2015. Japan’s economy contracted at an annualized rate of 0.6 percent in January-March, unchanged from a preliminary estimate issued last month, revised gross …
Read More »Deutsche Bank reportedly discussing Commerzbank merger with top investors
Michele Limina | Bloomberg | Getty Images Paul Achleitner, chairman of Deutsche Bank AG Deutsche Bank Chairman Paul Achleitner is speaking with top shareholders about a potential merger with rival Commerzbank, Bloomberg reported. Achleitner has also discussed a possible merger with key German officials in recent months. There have been …
Read More »Dennis Rodman’s trip to the North Korea summit may be funded by an obscure cryptocurrency used to buy marijuana
Jason Lee | Reuters Former NBA basketball player Dennis Rodman arrives at Beijing Capital International Airport as he leaves for North Korea’s Pyongyang, in Beijing, China, June 13, 2017. If former basketball star and de facto diplomat Dennis Rodman travels to Singapore next week for a summit between North Korea …
Read More »