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Monthly Archives: July 2018

‘Tightening now hurts all that we have done’

Mark Wilson | Getty Images President Donald Trump talks about his meeting with Russian President Vladimir Putin, during a meeting with House Republicans in the Cabinet Room of the White House on July 17, 2018 in Washington, DC.  President Donald Trump criticized the Federal Reserve’s monetary policy again. Tweet Link …

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Google’s Loon to bring 4G to remote areas of Kenya – via balloon

Marty Melville | AFP | Getty Images Visitors stand next to a high altitude WiFi internet hub, a Google Project Loon balloon, on display at the Air Force Museum in Christchurch, New Zealand, on June 16, 2013. Alphabet’s Loon is to bring 4G internet access to parts of Kenya using …

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General Electric earnings Q2 2018

General Electric said second-quarter earnings per share fell 30 percent from last year because of weakness in its power division. Shares, however, rose 1 percent in early trading as profit managed to top Wall Street expectations. GE also reaffirmed its financial outlook for the year, saying it continues to expect …

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Higher oil prices are threatening the growth of sukuk

Graeme Robertson | Getty Images Islamic Bank of Britain was launched in London, England in 2004. The bank has since been renamed to Al Rayan bank. Higher oil prices this year have reduced the need for energy-exporters in the Middle East to raise funds through the Islamic bond market — …

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Trump rejects Putin’s ‘incredible offer’ to help Russia interrogate Americans

Brendan Smialowski | AFP | Getty Images President Donald Trump and Russia’s President Vladimir Putin attend a joint press conference after a meeting at the Presidential Palace in Helsinki, on July 16, 2018.  The White House on Thursday said President Donald Trump would not accept an “incredible offer” from Russian …

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Procter & Gamble shares downgraded by UBS because of rising inflation

Michael Nagle | Bloomberg | Getty Images A monitor displays Procter & Gamble Co. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, May 15, 2017.  Procter & Gamble’s profitability will suffer because of rising costs and product pricing pressure, according to …

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Trump is not interfering with Fed policy decisions

Mark Wilson | Getty Images President Donald Trump talks about his meeting with Russian President Vladimir Putin, during a meeting with House Republicans in the Roosevelt Room of the White House on July 17, 2018 in Washington, DC. The White House clarified statements made by President Donald Trump to CNBC …

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Comcast upgraded after it drops out of bidding war for Fox assets

Andrew Harrer | Bloomberg | Getty Images File photo: Comcast Chairman and CEO Brian Roberts speaks during a news conference in Washington, D.C. Comcast shares are more attractive after the company decided to walk away from its bidding war for Twenty-First Century Fox assets, according to Raymond James. The firm …

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Copper hits 1-year low, approaches bear market on trade concerns

Copper prices reached their lowest levels in a year on Thursday, as concerns that a global trade war could strain global supply chains and slow down the global economy. The metal’s futures for September delivery traded as low as $2.6735 per pound, their lowest since July 14, 2017, when it …

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eBay  stock drops after weak growth, lowered revenue forecast

Shares of eBay fell 9 percent in trading Thursday after the company reported sluggish growth in its marketplace business and lowered its revenue forecast for the the rest of the year. The online marketplace reported second-quarter earnings of 53 cents per share, while revenue came in at $10 billion. While …

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