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Showing posts from August, 2018

Sheryl Sandberg will donate her SurveyMonkey stake to foundation she started with Dave Goldberg

Facebook COO Sheryl Sandberg plans to give away her SurveyMonkey shares as part of her commitment to the Giving Pledge. from U.S. News https://ift.tt/2MZ1ivL

Catholic bishops in Australia reject compulsory abuse reporting, defying new laws

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The Catholic church in Australia said on Friday it would oppose laws forcing priests to report child abuse when they learn about it in the confessional, setting the stage for a showdown between the country's biggest religion and the government. from Reuters: World News https://ift.tt/2MCG5bE

Tencent's stock falls more than 5% after Chinese ministry proposes increased regulation

China's education ministry issued a statement on Thursday about the need for controlling the number of new online games as the country faces increasing eye problems in its youth population. from Top News & Analysis https://ift.tt/2C5ab2K

Coca-Cola to buy UK coffee chain Costa for $5.1 billion

Britain's Whitbread Plc said on Friday it had agreed to sell coffee chain Costa to Coca Cola for an enterprise value of 3.9 billion pounds ($5.1 billion). from Top News & Analysis https://ift.tt/2LHCeEZ

AirAsia CEO: Tariffs and volatile currencies will lead to an 'inevitable' industry slowdown

"It's inevitable with trade sanctions and some of the things that are happening in the currency world in emerging markets," AirAsia Group CEO Tony Fernandes told CNBC. from Top News & Analysis https://ift.tt/2wxt2xe

Kremlin says Putin and Trump could hold talks three times this year

Kremlin said on Friday it did not rule out the possibility that Russian President Vladimir Putin could hold talks with U.S. President Donald Trump at three summits due to take place in 2018. from Top News & Analysis https://ift.tt/2PSAo7d

Argentine peso and Turkish lira crash, putting pressure on emerging markets worldwide

Emerging markets were rattled again, with the Argentine peso, Turkish lira and Indonesian rupiah tumbling overnight. The negative sentiment is set to weigh on other currencies in Asia, analysts say. from Top News & Analysis https://ift.tt/2wtkbNN

'Urgency' for Asia Pacific mega trade deal as the US mulls $200 billion tariffs on China

The Regional Comprehensive Economic Partnership, or RCEP, would account for about one-third of the global economy when it's completed.  from Top News & Analysis https://ift.tt/2LDDGrS

Boeing wins $805 million Pentagon contract to build the Navy's next aerial tanker drone

Boeing's drone tanker, the MQ-25 Stingray, will launch from a ship at sea and aerial refuel Navy fighter jets such as the F/A-18 Super Hornet, EA-18G Growler, and F-35C. from Top News & Analysis https://ift.tt/2LJzyGO

Blockchain jobs are booming in Asia, even as cryptocurrency prices struggle

Recruitment firm Robert Walters said it has seen a 50 percent increase in the number of roles related to blockchain or cryptocurrencies in Asia since 2017. from Top News & Analysis https://ift.tt/2LH5yLP

China manufacturing PMI beats expectations for August

China reported on Friday that factory activity was higher than expected in August, with the official manufacturing Purchasing Manager's Index coming in at 51.3. from Top News & Analysis https://ift.tt/2wqXZEg

Asia markets broadly lower following news that Trump supports trade war with China

U.S. President Donald Trump told his aides he was supportive of going ahead with proposed tariffs on an additional $200 billion in Chinese goods, Bloomberg News reported. from Top News & Analysis https://ift.tt/2NBRHIb

Amazon could double its value in three to five years, analyst says

Driven by growth in advertising revenue and its cloud business, Amazon could double its value — to $2 trillion — in three to five years, Baron Capital analyst Ashim Mehra told CNBC on Thursday. from Top News & Analysis https://ift.tt/2opCP4K

Trump rejects EU offer to eliminate auto tariffs

President Donald Trump rejected an offer from the European Union to eliminate tariffs on cars if the U.S. did the same, he told Bloomberg in an interview on Thursday. from Top News & Analysis https://ift.tt/2NzNDsf

In-N-Out Burger's $25,000 donation to California GOP brings call for boycott from Democrats

In-N-Out Burger, the popular fast-food chain, has found itself the target of a boycott after donating $25,000 to the California GOP to boost party coffers ahead of the November election.   from Top News & Analysis https://ift.tt/2C11G8U

Trump says he doesn't regret appointing Powell as Fed chair

"I put a man in there who I like and respect," Trump told Bloomberg in an interview that included a seeming nod by the president to the importance of the Fed's independence in setting monetary policy. from Top News & Analysis https://ift.tt/2LB3x3H

After-hours buzz: AOBC, LULU & more

See which stocks are posting big moves after the bell. from Top News & Analysis https://ift.tt/2PQ4RD9

Apple is the most worrisome of the FAANGs, tech investor says

Of the big technology stocks, Apple is the most concerning, veteran technology investor Paul Meeks told CNBC on Thursday. from Top News & Analysis https://ift.tt/2Cb90im

'Outright bullish' on the market, money manager says to get into stocks 'right now'

With the stock market about to leave the summer behind, now is the time to buy, says CastleArk Management's Jerry Castellini. from Top News & Analysis https://ift.tt/2Pn1z9q

Bird, Lime and Uber just got shut out in San Francisco scooter battle

San Francisco shuts major mobility start-ups Uber, Lyft, Bird and Lime out of first year program to test scooter rentals in the city. from Top News & Analysis https://ift.tt/2NC3xlX

Trump says Jeff Sessions is safe in attorney general job until at least November elections: Report

Sessions, has been a regular target of Trump's rage since he recused himself from any investigations of Russian interference during that presidential contest. from Top News & Analysis https://ift.tt/2NBKjNg

Trump threatens to withdraw from World Trade Organization

In a Thursday interview with Bloomberg, Trump again criticized the international trading group's treatment of the United States. from Top News & Analysis https://ift.tt/2MXd3TB

Trump considers linking capital gains taxes to inflation

President Donald Trump said Thursday he would consider linking capital gains taxes to inflation, repeating an idea that some see as tantamount to a tax cut for the rich. from Top News & Analysis https://ift.tt/2PSPHga

John McCain memorialized as hero and fighter

Sen. John McCain was eulogized Thursday as a "true American hero" in an address delivered by former Vice President Joe Biden to an audience of 3,500 people in Arizona. from Top News & Analysis https://ift.tt/2NzuuXj

Lululemon shares soar as earnings, sales top expectations

The athletic apparel retailer also raises its profit and sales outlook for the full year. from Top News & Analysis https://ift.tt/2LFALz1

Gunmaker American Outdoor Brands jumps more than 20 percent after earnings beat

Shares of American Outdoor Brands Corporation jumped more than 20 percent after the bell on Thursday after the company reported earnings that beat Wall Street analysts' expectations. from Top News & Analysis https://ift.tt/2NxasfT

Papa John's investors should pay attention to the company's debt levels—not its fight with founder

The falling pizza sales and bad publicity have left the company at risk of breaching its lending agreements on $579 million in outstanding debt if it can't turn things around soon.  from Top News & Analysis https://ift.tt/2C1N7BJ

Check out Warren Buffett's amazing Coke-themed birthday cake for his 88th

It's themed after a "Coke float" of ice cream and soda.  from Top News & Analysis https://ift.tt/2wALHYS

Lululemon is 'as bullish as it gets' after earnings, says trader

Lululemon heads into its earnings release Thursday afternoon with big gains in its pocket. One technician sees even more gains for the company, but his bullish bet depends on one key level. from Top News & Analysis https://ift.tt/2PP7DZg

Friday marks a big deadline for NAFTA — here's what five experts say about trade and markets

Five market experts break down trade and markets ahead of the big NAFTA deadline. from Top News & Analysis https://ift.tt/2Ny16Rd

Walmart will have 30% more toys in stores this holiday, in a bid to win sales Toys R Us left behind

Walmart is also physically expanding its aisles in select stores to hold an even greater number of toys. from Top News & Analysis https://ift.tt/2wvdDhE

Portugal seduces parched investors with water: plenty of it

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As wildfires scorched California yet again this summer, Jose Dariush Leal da Costa, a Bay Area native with Portuguese roots, was harvesting his first almonds in a sun-drenched, watery oasis in southern Portugal. from Reuters: World News https://ift.tt/2wtck2W

Taiwan's last African ally holds out despite overtures by China

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While China meets African leaders at a major summit in Beijing next week, the king of eSwatini, self-ruled Taiwan's last remaining ally on the continent, will be hosting thousands of people at a traditional Reed Dance ceremony. from Reuters: World News https://ift.tt/2osJ085

Kremlin says Putin, Trump could hold talks three times this year: Izvestiya

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Kremlin said on Friday it did not rule out the possibility that Russian President Vladimir Putin could hold talks with U.S. President Donald Trump at three summits due to take place in 2018, including those in Singapore, France and Argentina. from Reuters: World News https://ift.tt/2wBTN4H

Cambodian court jails Australian filmmaker for six years for espionage

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A Cambodian court jailed an Australian filmmaker for six years on Friday after finding him guilty of espionage for flying a drone over an opposition party rally. from Reuters: World News https://ift.tt/2PQwMCR

Japan's military seeks record spending to reinforce North Korea missile defenses

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Japan's military wants record spending next year to help pay for major upgrades to defenses designed to shoot down North Korean ballistic missiles that Tokyo sees as a continued threat despite Pyongyang's promise to abandon nuclear weapons. from Reuters: World News https://ift.tt/2wtqctN

New Zealand PM Ardern has two ministers step aside

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New Zealand Prime Minister Jacinda Ardern has had to strip one minister of her portfolio and had another step aside in less than a week, capping off a month of challenges for the popular premier since her return from maternity leave. from Reuters: World News https://ift.tt/2PQSu9V

Catholic church in Australia rejects mandatory reporting of child abuse discussed in confessional

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The Catholic church in Australia on Friday rejected laws forcing priests to report child abuse when they learn about it in the confessional, setting the stage for a showdown between the country's biggest religion and the government. from Reuters: World News https://ift.tt/2Pnggcj

Duterte says Philippines better off run by dictator if he were not around

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President Rodrigo Duterte has said graft and illicit drugs were so entrenched in the Philippines that if he were not around, it would be better off run by a dictator such as late strongman Ferdinand Marcos. from Reuters: World News https://ift.tt/2N1Tl96

Thrill-seeking runners take sport - and spending - to rural China

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At dawn, high on the Qinghai-Tibetan plateau, a Buddhist monk in saffron robes chants blessings over limber athletes preparing to run 100 kilometers across sand dunes, rivers and ravines. from Reuters: World News https://ift.tt/2PTk1HR

Trump tweets are 'messages from some alternative universe': China Daily

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Twitter comments by U.S. President Donald Trump accusing China of hacking former presidential candidate Hillary Clinton's email server are an attempt to cast China as a "scapegoat", the official China Daily said in an editorial Friday. from Reuters: World News https://ift.tt/2PR9yMU

Australian police charge Sri Lankan with terror plotting

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Australia has arrested and charged a Sri Lankan man with planning a terror attack after finding "symbolic locations within Sydney" listed as possible targets in his notebook, police said on Friday. from Reuters: World News https://ift.tt/2NyUDFL

Brazil centrist Alckmin attacks far-right election rival in anti-gun ad

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Brazil's business-friendly presidential candidate Geraldo Alckmin unveiled a campaign ad against gun violence on Thursday that targeted his far-right pro-gun adversary Jair Bolsonaro. from Reuters: World News https://ift.tt/2NAdK1W