China's central bank pushed out long-awaited interest rate reforms on Saturday by establishing a reference rate for new loans issued by banks to help steer corporate borrowing costs lower and support a slowing economy. "If the U.S. Federal Reserve continues to cut its interest rates, chances for lowering MLF to drag down borrowing costs will be relatively high", he said. [Full Article...]
Both were hovering around 1.58% as of late Wednesday afternoon. As TheStreet reported yesterday, although yields "subsequently rose to 1.592% for the 2-year Treasury and 1.596% for the 10-year note, putting the curve's slope back into positive territory", it was not enough to prevent "a big sell-off in USA stocks, with the Dow Jones Industrial Average falling some 800 points". [Full Article...]
Three is promising free next day delivery, though same-day delivery is also available if you're incredibly impatient and prepared to cough an extra £20. Ofcom has previously said that having as much spectrum as possible in a single block is best for 5G performance. BT-owned EE is understood to have lodged a complaint with the advertising watchdog over an ad campaign by Three UK implying that 5G... [Full Article...]
Domestic airlines in the USA are now following suit, so it's worth finding out if your laptop battery is part of the recall if you have plans to fly soon. So if you thought bringing a 2015 MacBook Pro with Retina Display onboard was a good idea, think twice. If you own one, you can enter your serial number into this page to check if yours is affected by the recall. [Full Article...]
It seems, however, that he might be willing to yield some ground if those decisions actually put big United States companies at a bad disadvantage. Tim Cook reportedly met Trump over dinner and discussed his concerns that Samsung with its global manufacturing base will be less affected by tariff hike and will rake in a greater share of profits. [Full Article...]
Investors also have the option of purchasing foreign stocks to help add some diversity to the portfolio. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. [Full Article...]
The Centodieci, unveiled at Monterey Car Week, is a tribute to the EB110, Bugatti's sports car from the 1990s, before Volkswagen Group acquired the exclusive French brand, Automotive News Europe reported. The body of the Centodieci is created to be reminiscent of the low, wide stance and wedge-like shape of the EB110. They're not just impressive numbers, they're positively mind-boggling. [Full Article...]
The situation surrounding the license, which has become a key bargaining chip for the USA in its trade negotiations with China, remains fluid and the decision to continue the Huawei reprieve could change ahead of the Monday deadline, the sources said. [Full Article...]