Money

Thursday Tech Briefing: Growth Slows at Alibaba

Thursday Tech Briefing: Growth Slows at Alibaba

Anticipating headwinds from economic uncertainty, Alibaba had lowered its revenue outlook for its financial year ending March even before the top sales season. Michael Evans during a panel at the National Retail Federation's Big Show in NY earlier this month. China's economy posted a 6.6% expansion in 2018, the slowest in 28 years, as factory activity and domestic demand tapered. Read More

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USA announces Venezuelan sanctions in attempt to oust Maduro

USA announces Venezuelan sanctions in attempt to oust Maduro

Any actions taken against U.S. diplomats, Guaido or the National Assembly he presides over would be considered a "grave assault" that "will be met with a significant response", U.S. She also noted that the United Kingdom, France, Germany and Spain also stated over the weekend that they, too, recognize Guaido and would continue to do so unless free and democratic elections are held in the country by Saturday. Read More

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Private military contractors from Russian Federation reportedly in Venezuela to protect Maduro

Private military contractors from Russian Federation reportedly in Venezuela to protect Maduro

Maduro says the nation's woes are a result of U.S. sanctions against the oil-rich state as well as deliberate attempts to sow discord among its people from overseas. "Almost certainly the administration is going to have to find a way to get most of our people out of there, and leave behind some kind of symbolic presence to show that we did not leave", the former official said. Read More

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United States eyes Taiwan risk as China’s military capabilities grow

United States eyes Taiwan risk as China’s military capabilities grow

On Jan. 2, Xi said in a speech that China reserved the right to use force to bring Taiwan under its control but would strive to achieve peaceful " reunification ". "China's leaders hope that possessing these military capabilities will deter pro-independence moves by Taiwan or, should deterrence fail, will permit a range of tailored military options against Taiwan and potential third-party military intervention", the report explained. Read More

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Lindsey Graham wants Trump to 'Build a wall NOW'

Lindsey Graham wants Trump to 'Build a wall NOW'

The president and congressional Democrats remain at an impasse over his demand for $5.7 billion for a wall along the southern border. "I just got back and it is a far worse situation than nearly anyone would understand, an invasion!" Some have resorted to selling their possessions or posting appeals on online fundraising outlets to help pay their bills. Read More

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US negotiators in Beijing for trade war talks

US negotiators in Beijing for trade war talks

Last year, Trump imposed tariff hikes of up to 25 percent on $ 250 billion of Chinese goods, with China retaliating with its own tariff increases on $110 billion of USA exports. Deputy U.S. Trade Representative Jeffrey Gerrish is leading the American delegation, which includes the top U.S. trade negotiator on agricultural issues, Gregg Doud; Treasury Undersecretary for International Affairs David Malpass; Commerce Undersecretary for International Trade Gilbert Kaplan; Agriculture Department ... Read More

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Asia stocks mixed after Mnuchin's weekend of triage

Asia stocks mixed after Mnuchin's weekend of triage

But the President has it exactly backwards: according to research conducted by myself and my colleague Dr. Mike Ellington, the Fed should be raising interest rates even faster. The development comes after Mnuchin, in an effort to assure investors shaken by the falling stock market, reached out to the heads of the six major banks on Sunday to see if they had enough cash on hand in advance of Monday's opening bell. Read More

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Trump attacks Fed on eve of policy meeting

Trump attacks Fed on eve of policy meeting

The benefit of that stimulus will likely fade in 2019, slowing growth to a more modest pace. The Fed's Federal Open Market Committee, the body which sets interest rate policy, will announce its decision at 2 p.m. Trump's tweet follows one on Monday slamming the Fed for "even considering" another interest-rate increase, laying out arguments against a hike to savor the achievement of a strong US economy. Read More

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Canada’s envoy to China decries Huawei arrest as U.S.-inspired

Canada’s envoy to China decries Huawei arrest as U.S.-inspired

He said authorities had taken measures "according to the law" in the Canadians' cases, and China welcomed foreign visitors, and they had nothing to fear so long as they obeyed the law. Public Safety Minister Ralph Goodale says any reports that Canada could ban Huawei from its 5G networks are "speculation". Spavor runs tours of North Korea along with sports, business and other exchanges through his company, Paektu Cultural Exchange . Read More

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United States fires latest volley in China tariff fight

United States fires latest volley in China tariff fight

Allowing China Mobile access to United States telecommunications networks would carry a "substantial and unacceptable risk" to national security and law enforcement, the U.S. For starters, US Trade Representative Robert Lighthizer on Wednesday slammed Beijing for failing to offer "meaningful reform" on aggressive trade policies and threatened tariffs on Chinese autos. Read More

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Cyber Monday Brings Hope for a Rally in Retail Stocks

Cyber Monday Brings Hope for a Rally in Retail Stocks

Walmart has a $35 minimum for free shipping and Kohl's has a $25 minimum-so be sure to check around! Specifically, Target's taking a ton of its stuff and slicing 15 percent off the top of a bunch of toys, electronics and even clothes. But some of the promotional efforts ahead of the day drew the ire of several people who complained that they woke up to a deluge of cyber Monday emails compared to years past. Read More

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Don't eat romaine lettuce: Health Canada

Don't eat romaine lettuce: Health Canada

Illnesses started on dates ranging from October 8 to October 31. Six individuals have been hospitalized, and one individual suffered from hemolytic-uremic syndrome (HUS), which is a severe complication that can result from an E. The Centers for Disease Control and Prevention posted the leafy green is unsafe to consume. Both from unidentified sources. Throw in a nationwide alert over romaine lettuce contaminated by E. Read More

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