U.S. Markets News
U.S. threatens China with new tariffs; trade tensions escalate
There appears to be no end to the squabble between the U.S. and China over trade and tariffs. After China’s…
Trade tension intensifies; crude oil to fluctuate
The U.S. and China are at it again. Last week President Donald Trump said he was going to impose new…
Uber and its Chinese rival Didi to race in Australia
Uber seems to be facing an ongoing invasion of territory, or perhaps not. Didi Chuxing, the ride-hailing service giant in…
Tax reform spells doom for H&R Block, stock plunges most in 30 years
The early months of the year witnessed several companies reporting unusually large quarterly profits, mostly benefitting from the tax reforms…
Will Fitbit make a terrific comeback?
Well, the analysts at Citron Research seem to think so. Fitbit Inc. (FIT) saw a massive surge yesterday after a…
Chinese battery-maker Contemporary Amperex Tech soars 44% in trading debut
Contemporary Amperex Technology Co. Ltd (CATL), the largest global producer of electric-vehicle batteries, soared by 44% to reach a valuation…
Net neutrality and the AT&T-Time Warner ruling – what’s in it for us?
Two major events are happening this week. The first is that starting today, the net neutrality rules that came into…
White House lifts ZTE ban. But there’s a catch!
The US Commerce Secretary Wilbur Ross said that the US government has entered into an agreement with Chinese telecom giant…
Auto sector is gearing up to cruise through multiple roadblocks
When President Trump delivered on one of his key pre-poll promises by slapping tariffs on steel and aluminum imports a…
Athenahealth CEO leaves; company ponders sale
Jonathan Bush, the chief of Athenahealth (ATHN), has stepped down from his role with immediate effect. The company has begun…
Medicare and Social Security funds are on the verge of drying up!!
The funds for Medicare and Social Security are running out and fast. Medicare funds are expected to dry out by…
Here’s a look at the upbeat US jobs report for May, with graphs!
May was a good month for the US job market, with the unemployment rate declining 0.5 percentage points to 3.8%.…
Stocks fall as Trump hits close allies with steel, aluminum tariffs
In a move that could lead to a full-fledged trade war between Washington and the European Union (EU), the Trump…
Reconciliation bids suffer a blow as Trump slaps fresh Tariffs
Within a week after announcing a solution to the trade stalemate with China, the US government Tuesday slapped a 25%…
Tencent, Alibaba among highest valued global brands; Amazon outstrips Microsoft
Chinese firms Tencent and Alibaba (BABA) have secured spots among the top 10 most valuable brands in the world. In…
Just hours into GDPR regime, tech giants are staring at enormous fines
The privacy revolution has begun in Europe, and it’s going to be a rough ride for Silicon Valley. Just hours…
GDPR is a shadow monster that can hunt down US firms
The deadline for companies having operations in the European Union (EU) to comply with the General Data Protection Regulation (GDPR)…
Tension lingers even after US-China talks ease trade war fears
Wall Street Investors who were divided in their opinion on the merits of the trade sanctions imposed by President Trump…
Many Americans unable to afford emergency expenses: Fed report
The Federal Reserve’s Report on the Economic Wellbeing of US Households in 2017 reveals that around 40% of Americans would…
Surge in crude oil prices may spark a recession
A strong demand has been driving crude oil prices higher since last August, and many economists fear this could spark…