Category: US / Canada

Broadcom Thinks The Huawei Ban Will Cost It $2 Billion
15. 6. 2019 No Responses

Broadcom Thinks The Huawei Ban Will Cost It $2 Billion

Broadcom Thinks The Huawei Ban Will Cost It $2 Billion This Year. Broadcom (NASDAQ: AVGO) released its second-quarter results yesterday and the company had some bad news for investors in its forecast. The company, based in the U.S., sees a...
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Huawei Demands Verizon Pay $1 Billion For Using 230 Patents
13. 6. 2019 No Responses

Huawei Demands Verizon Pay $1 Billion For Using 230 Patents

Huawei has hit upon a new strategy for fighting back against the US: leveraging its massive suite of technology patents to try and force American competitors to fork over billions of dollars. And its first target is Verizon, one of its biggest American...
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United Technologies, Raytheon Combine Into Aerospace, Defense Giant
10. 6. 2019 No Responses

United Technologies, Raytheon Combine Into Aerospace, Defense Giant

United Technologies and Raytheon agree to all-stock merger that would create aerospace behemoth. Raytheon and United Technologies on Sunday announced they would merge in an all-stock deal, a tie-up that would create a behemoth in the fast-growing defense and a...
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9 in 10 US shale oil companies are burning cash
9. 6. 2019 No Responses

9 in 10 US shale oil companies are burning cash

Recently released data, which confirmed dismal first quarter earnings, only served to cement negative market sentiment. While shale operators continue to focus on improving capital efficiency, investors are putting the industry under extreme pressure, leaving...
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Trump as Stocks Analysts: “Stocks Would Be 10,000 Points Higher If Fed Kept Rates Lower”
7. 6. 2019 No Responses

Trump as Stocks Analysts: “Stocks Would Be 10,000 Points Higher If Fed Kept Rates Lower”

Barclays is currently forecasting three rate cuts before the end of the year. Now, strategists at the big banks are scrambling to adjust their forecasts fast enough: The team at the biggest American bank by assets in the US now...
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Heavy Duty Truck Orders Collapse, Down 70% Y/Y
6. 6. 2019 No Responses

Heavy Duty Truck Orders Collapse, Down 70% Y/Y

A bloated backlog of Class 8 orders as a result of a euphoric mid-2018 continues to weigh on heavy duty truck orders in 2019. Preliminary North America Class 8 net order data from ACT Research shows that the industry booked just 10,800 units...
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Boeing reports faulty parts on 737 wings, including MAX
3. 6. 2019 No Responses

Boeing reports faulty parts on 737 wings, including MAX

The FAA published a notice warning of defective parts on the wings of around 300 Boeing 737 MAX and 737 NG. The manufacturer requests operators to change the parts. An undisclosed subcontractor has informed Boeing that a batch of leading-edge slat...
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Verizon Communications Stock Falls as UBS Cuts Its Rating
31. 5. 2019 No Responses

Verizon Communications Stock Falls as UBS Cuts Its Rating

Verizon Communications stock dipped Thursday morning after an analyst at UBS cut his rating to Neutral. Verizon stock (symbol: VZ) has gained 0.8% in 2019 through Wednesday’s close, but shares are trading 19% higher than a year ago. Verizon has...
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Fiat Chrysler proposes merger with Renault
27. 5. 2019 No Responses

Fiat Chrysler proposes merger with Renault

Fiat Chrysler proposed on Monday to merge with France’s Renault to create the world’s third-biggest automaker and combine their investments in the race to make new electric and autonomous vehicles. Shares of both companies jumped over 10% on the ne...
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New Delivery Drones from DHL and Ford
26. 5. 2019 No Responses

New Delivery Drones from DHL and Ford

DHL Launches First Fully-Automated Drone Delivery Service In China. DHL Express, an international courier, and Ehang, a Chinese company focused on producing intelligent autonomous aerial vehicles, have entered into a partnership to solve the last-mile delivery...
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IMF: Importing US firms and consumers paying for Trump’s trade war
24. 5. 2019 No Responses

IMF: Importing US firms and consumers paying for Trump’s trade war

IMF experts findings contradict President Trump’s claim that China is footing the trade-war bill. Companies in the U.S. are paying almost all the costs from Donald Trump’s tariffs on Chinese imports, IMF researchers said in findings that dispute th...
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Huawei CEO: Company’s own OS will run Android apps
22. 5. 2019 No Responses

Huawei CEO: Company’s own OS will run Android apps

Richard Yu – Huawei CEO, has reportedly said that his firm will roll out its own operating system that will support Android apps, potentially blunting the effect of the US’ recent blacklisting of the Chinese company. According to reports from...
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Global Trade Collapsing To Depression Levels
16. 5. 2019 No Responses

Global Trade Collapsing To Depression Levels

With the trade war between the US and China re-escalating once more, investors are again casting frightened glances at declining global trade volumes, which as Bloomberg writes today, “threaten to upend the global economy’s much-anticipated rebound and...
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Uber, the Worst Performing IPO in U.S. Stock Market History
11. 5. 2019 No Responses

Uber, the Worst Performing IPO in U.S. Stock Market History

Rideshare Wall Street darling Uber raised close to $25 billion. When it loses big money – and it does every single quarter – it loses it at stratospheric burn rates. It finally debuted on the New York Stock Exchange (NYSE)...
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Chesapeake Energy Misses Earnings and Revenue Estimates
8. 5. 2019 No Responses

Chesapeake Energy Misses Earnings and Revenue Estimates

Chesapeake Energy (symbol: CHK) came out with quarterly earnings of $0.14 per share, missing the consensus estimate of $0.15 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items. This...
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