Markets

Buffett's Berkshire increases bet on Amazon.com

Buffett's Berkshire increases bet on Amazon.com Berkshire said it ended June with 537,300 Amazon shares worth about $1.02 billion, up from 483,300 shares three months earlier. It made the disclosure in a regulatory filing detailing the $208.1 billion of USA -listed stocks it owned as of June 30. [Full Article...]

U.S. delays tariffs on some Chinese goods, drops others

U.S. delays tariffs on some Chinese goods, drops others I wouldn't want to see a violent crackdown", Trump told reporters on Friday (Aug. 16). USTR said the delays were driven by issues such as national security and health and safety, but declined to give details. Petersburg, Florida. Treasury Secretary Steven Mnuchin and trade representative Robert Lighthizer led the USA side in the telephone call . And Tuesday's announcement is proof because t... [Full Article...]

Gold dips 1% as equities firm, but eyes third weekly gain

Gold dips 1% as equities firm, but eyes third weekly gain Bank Wealth Management. US gold futures fell 0.8% to $1,518.50. There is some demand for the dollar and some confidence over the health of the USA economy especially after yesterday's impressive retail sales figure. Earlier this week, 10-year Treasury yields dropped below the two-year yield for the first time in 12 years. Investors are focused on the Federal Reserve's annual symposium next wee... [Full Article...]

Hong Kong rallies spill over to Australia

Hong Kong rallies spill over to Australia One of the employees terminated by Cathay was accused of misusing company data by posting the travel details of Hong Kong police officers on social media for the benefit of protest organizers. The South China Morning Post described the top-level resignations as "shocking", given that Cathay Pacific has begun terminating pilots and airport employees who got involved in protests at Hong K... [Full Article...]

'Marvelous Mrs. Maisel' gas promotion jams up Los Angeles

'Marvelous Mrs. Maisel' gas promotion jams up Los Angeles Thursday, the paper reported , and police arrived on the scene shortly afterward to direct traffic. However, Maisel Day, as Amazon deemed it, proved to be a bit of a problem at one Santa Monica gas station , where the absurdly cheap price of $.30 a gallon was being offered to gas guzzlers willing to queue up for an unbeatable deal. [Full Article...]

Tyson recalls 40000 pounds of chicken patties that may contain foreign matter

Tyson recalls 40000 pounds of chicken patties that may contain foreign matter The recall was announced by the United States Department of Agriculture and covers Weaver brand frozen chicken patties in the 26-ounce bags. They said they're "concerned that some product may be in consumers' freezers". CDT. A month earlier, Tyson expanded a separate recall to include about 11.8 million pounds of frozen , ready-to-eat chicken strips over concerns the products may contain pie... [Full Article...]

Alibaba revenue jumps in first quarter

Alibaba revenue jumps in first quarter According to the company, the major contributor to its increased revenue was a dramatic uptick in its annual active users in China on its online retail platforms. "We are pleased to see sustained user engagement and consumer spending across our platforms". Walmart upped its full-year guidance after posting second-quarter earnings and sales that topped analysts' expectations, sending its share... [Full Article...]

Merkel to meet United Kingdom prime minister soon to discuss Brexit

Merkel to meet United Kingdom prime minister soon to discuss Brexit Green MP Caroline Lucas welcomed Mr Corbyn's call for a vote of no confidence but insisted a referendum must be held prior to a general election . While the political turmoil of the a year ago has led to an unprecedented level of cross-party cooperation, many in Johnson's Conservative Party and others would still find it hard to vote for a Corbyn-led administration. [Full Article...]


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