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Monthly Archives: July 2018

Buy Apple-supplier Qorvo shares due to ‘healthy’ demand in China

Li Sanxian | VCG | Getty Images A man looks at iPhone 7 series product at an Apple store on September 16, 2016 in Beijing, China. Qorvo shares will rise as the chipmaker benefits from improving phone demand in China, according to KeyBanc Capital Markets. The firm raised its rating …

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Fundstrat’s Tom Lee cuts his year-end bitcoin forecast to $20,000

Tom Lee, the only major Wall Street strategist to issue bitcoin price targets, told CNBC on Thursday he sees the world’s largest cryptocurrency by the end of the year at more than $20,000 per unit — 20 percent less than his previous estimate. “Bitcoin has historically traded at 2.5 times …

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In the interest of the Trump to back NATO countries at summit

Emmanuel Dunnand | AFP | Getty Images NATO Secretary General Jens Stoltenberg (C) speaks with US President Donald Trump (L) and German Chancellor Angela Merkel (R) as they arrive for the unveiling ceremony of the Berlin Wall monument, during the NATO (North Atlantic Treaty Organization) summit at the NATO headquarters, …

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Uber, Grab face risk of fines, merger being unwound 

Roslan Rahman | AFP | Getty Images This photo illustration taken on March 26, 2018 shows the Grab and Uber booking application seen on a smart phone in Singapore.  Singapore’s competition watchdog on Thursday proposed fines on Uber and Grab and said they may have to unwind their merger because …

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US tariffs are an unnecessary test to the EU’s recovery

Mario Centeno, Portugal’s finance minister and head of the group of euro-area finance ministers, listens during a press conference following a Eurogroup meeting in Brussels, Belgium, on Monday, Jan. 22, 2018.  Higher trade tariffs coming from the U.S. are not what the euro zone needs right now following several years …

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US tariffs are a necessary test to the EU’s recovery

Mario Centeno, Portugal’s finance minister and head of the group of euro-area finance ministers, listens during a press conference following a Eurogroup meeting in Brussels, Belgium, on Monday, Jan. 22, 2018.  Higher trade tariffs might just be what the euro zone needs to check how its economy is actually performing …

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China commerce ministry warns US tariffs will hit global supply chains

Nelson Ching | Bloomberg | Getty Images Workers manufacture cotton yarn at a factory in Dali county, Shaanxi province, China. China’s commerce ministry said on Thursday that U.S. tariffs will hit global supply chains including foreign companies in China, reiterating that Beijing does not want to fight a trade war …

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IMF cuts German 2018 economic growth forecast

LUDOVIC MARIN | AFP | Getty Images Germany’s Chancellor Angela Merkel (C) reacts as she speaks with European Council President Donald Tusk (L) and Spain’s Prime Minister Pedro Sanchez during an European Union leaders’ summit focused on migration, Brexit and eurozone reforms on June 28, 2018 at the Europa building …

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Civilians exposed to agent used against ex-Russian spy Sergei Skripal

Toby Melville | Reuters Police officers seal off the road on which Russian Sergei Skripal and his daughter have been staying in Salisbury, Britain, March 7, 2018. Britain’s counter-terrorism chief said on Wednesday that two people whoare critically ill in hospital in Wiltshire were exposed to the Novichok nerve agent, …

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Facebook says it was ‘too slow,’ but speed not only issue: commentary

Al Drago | Bloomberg | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Inc., listens during a joint hearing of the Senate Judiciary and Commerce Committees in Washington, D.C., U.S., on Tuesday, April 10, 2018. Facebook’s reputation is under pressure from a data leak affecting up to …

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