Category: Business

TikTok countdown: Trump to give Chinese owner 45 days ultimatum
3. 8. 2020 No Responses

TikTok countdown: Trump to give Chinese owner 45 days ultimatum

United States President Donald Trump has agreed to give China’s ByteDance 45 days to negotiate a sale of popular short-video app TikTok to Microsoft Corp, two people familiar with the matter told the Reuters News Agency. US officials have said...
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Apple’s partners and Samsung apply for India’s $6.6 billion program
1. 8. 2020 No Responses

Apple’s partners and Samsung apply for India’s $6.6 billion program

Apple’s partners and Samsung apply for India’s $6.6 billion local smartphone production program. South Korean giant Samsung, Apple’s  contract manufacturing partners Foxconn, Wistron and Pegatron, and Indian smartphone vendors Micromax and Lava among ...
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Bullying works! ByteDance Caves To Trump
1. 8. 2020 No Responses

Bullying works! ByteDance Caves To Trump

ByteDance caves to Trump, agrees to sell 100% of TikTok to Microsoft. President Trump’s insistence that the White House will ban the social-media app TikTok from the US triggered a wave of hysteria among users of the app: whatever will the...
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Boeing Posts Massive Loss, Burns $5.3 Billion As Debt Explodes
29. 7. 2020 No Responses

Boeing Posts Massive Loss, Burns $5.3 Billion As Debt Explodes

Boeing reported another dismal quarter, helping the company emerge as one of the companies most directly impacted by the global covid pandemic. For the second quarter Boeing, which said that results are still significantly impacted by Covid-19, reported a 25%...
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Fed Extends Emergency Lending Programs Through End Of Year
28. 7. 2020 No Responses

Fed Extends Emergency Lending Programs Through End Of Year

US stock prices are at record highs and credit spreads near record lows amid hopes and prayers for the v-shaped recovery which has already sent US macro surprise data soaring. But, it appears The Fed is not buying the bounce...
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Gundlach Says “Classic Bear Market Rally” Reminds Him Of 1999 Dot.com Bubble
25. 7. 2020 No Responses

Gundlach Says “Classic Bear Market Rally” Reminds Him Of 1999 Dot.com Bubble

Jeffrey Gundlach, the billionaire chief investment officer of DoubleLine Capital, was quoted by Reuters on Friday as saying the stock market’s parabolic move in the last couple of months reminds him of the days right before the Dot Com bust. Gundlach,...
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Intel’s 7nm is Crap, Company Announces Delay Until 2022, 2023
24. 7. 2020 No Responses

Intel’s 7nm is Crap, Company Announces Delay Until 2022, 2023

Intel announced today in its Q2 2020 earnings release that it has now delayed the rollout of its 7nm CPUs by six months relative to its previously-planned release date, undoubtedly resulting in wide-ranging delays to the company’s roadmaps. Intel’s...
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Hedge Fund Flows Are All That Matter
22. 7. 2020 No Responses

Hedge Fund Flows Are All That Matter

Hedge Fund Flows Are All That Matter, New Study Finds. With every passing day, the bizarre central banks orchestrated freakshow that was once known as the “market” gets even more bizarre. And we use the term “market” in its loosest, l...
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U.S. Fracking Services Pioneer Files For Bankruptcy
21. 7. 2020 No Responses

U.S. Fracking Services Pioneer Files For Bankruptcy

Tomball-based BJ Services LLC has filed for Chapter 11 bankruptcy protection, bringing hundreds of millions of dollars in debt to the court. BJ, an oil field services company partially owned by Houston-based Baker Hughes Co. (NYSE: BKR), is looking to...
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Chevron will buy Noble Energy for $5 billion, the biggest oil deal since the oil crash
20. 7. 2020 No Responses

Chevron will buy Noble Energy for $5 billion, the biggest oil deal since the oil crash

Chevron announced Monday it would acquire Noble Energy (NBL) for $5 billion. It’s the biggest energy deal since the pandemic decimated the oil industry. Noble shareholders will receive Chevron stock in this all-stock transaction. Chevron shares traded in...
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Massive outage hits Cloudflare
17. 7. 2020 No Responses

Massive outage hits Cloudflare

The US-based company that offers DDoS protection to its customers, reportedly came under a distributed denial of service cyber attack itself. A major outage has reportedly struck Cloudflare, a website-security company that caters to an array of websites, shutt...
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Boeing has lost more than 800 orders for the 737 MAX this year
15. 7. 2020 No Responses

Boeing has lost more than 800 orders for the 737 MAX this year

Also Boeing’s Q2 commercial airplane deliveries drop 78% from last year. Though Boeing now anticipates U.S. federal approval to unground its 737 MAX in September, company data released Tuesday shows that in the first half of this year the manufacturer l...
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Ford unveils new Bronco for under $30,000
13. 7. 2020 No Responses

Ford unveils new Bronco for under $30,000

Ford unveiled its new “family” of Bronco SUVs Monday night, including two- and four-door Bronco SUVs as well as a smaller Bronco Sport SUV. The Bronco models are clearly positioned against Fiat Chrysler’s Jeep brand. Ford Motor is taking a run...
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FED is Tightening, Repo Loans Hit Zero
11. 7. 2020 No Responses

FED is Tightening, Repo Loans Hit Zero

FED is Tightening, Repo Loans Hit Zero; FED Balance Sheet Shrinks by $248 Billion in a Month. Beginning on September 17 of last year, months before the first COVID-19 case had been discovered anywhere in the world, the Federal Reserve...
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Head Of NY Fed’s Trading Desk: “Fed’s Purchases May Stop Entirely”
9. 7. 2020 No Responses

Head Of NY Fed’s Trading Desk: “Fed’s Purchases May Stop Entirely”

Head Of NY Fed’s Trading Desk Says If Markets Continue Improving, Fed’s Purchases May Stop Entirely. Stocks have gone nowhere since the Fed’s balance sheet started shrinking modestly in mid-June. This morning, Miller Tabak picked up on this...
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