Markets
Trump urges Fed rate cut to make world economy 'quickly enhanced'
In addition to calling for the Fed to cut rates by a full percentage point, he also said the central bank should consider supplying quantitative easing as well, the term economists use to describe the Fed's efforts to restart economic growth over the 2007-09 recession by buying bonds to lower long-term interest rates. [Full Article...]
Google shuts down network data collection service due to privacy concerns
The company chose to halt the service due to concerns that sharing data from users of its Android phone system could attract further scrutiny from both users and regulators. This is according to a report from Reuters where Google spokeswoman Victoria Keough confirmed the move. The introduction of the EU General Data Protection Regulation (GDPR) in May past year dramatically improves the ri... [Full Article...]
Google services experiencing lingering login issues following Gmail disruption
Google is reporting progress in fixing the problem. This is used when you sign in to such Google services like Gmail, Google Calendar, and Chromebooks. Please note this time frame is an estimate and may change. One user, who has been affected, said: "Can't sign in to any Chrome OS devices or Google admin". [Full Article...]
Microsoft Acquires jClarity To Bolster Azure's Java Team
Montgomery called jClarity a "perfect match" for Microsoft, which will continue to support jClarity's contributions to the Java open-source community. The acquisition is a smart move by Microsoft to get more enterprise workloads onto the Azure cloud, according to analyst Hyoun Park, CEO of technology research firm Amalgam Insights. [Full Article...]
Spot Trading With Ethereum {ETH} Now Possible With Rakuten
Rakuten , the largest e-commerce company in Japan which serves well over 1.2 billion individuals globally with its e-commerce and payments services, has officially launched a cryptocurrency exchange. The app will be available to users "24 hours a day, 365 days a year", and contains features such as real-time chart rate confirmation. "Two-step authentication is also required when logging in, withdr... [Full Article...]
30-year Treasury yield falls below 2% for first time ever
Economic data from China and Germany suggested a faltering global economy, hit by the worsening U.S. Accordingly, all three major indexes in the United States stock market closed down approximately 3 percent; the blue-chip Dow Jones Industrial, specifically, saw its biggest single-day point drop since October. [Full Article...]
Crackdown Like "Tiananmen Square" In Hong Kong May Harm Trade Deal
The "ads have highlighted alleged supporters of the Chinese "motherland" and have pointed out Hong Kong's economic troubles from earlier in the year", the report said. Tens of thousands of protesters occupied streets and public parks during the weekend. However, the demonstrators dispersed and went home later on Sunday in a break from other recent protests that were marred by violent clashe... [Full Article...]
Thai GDP Grows At Slowest Pace In 5 Years
Thailand's economy expanded at its slowest pace in almost five years in the second quarter as traditional growth drivers sputtered, which led the government to significantly cut its forecast for full-year expansion. The agency downgraded its growth outlook for 2019 to 2.7 percent - 3.2 percent from 3.3 percent - 3.8 percent. The central bank now estimates 3.3% expansion for 2019. [Full Article...]