Markets
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...]
Shareholder value is no longer everything, say top CEOs
The goal of a corporation is to serve all of its constituents, including employees, customers, investors and society at large, the Business Roundtable said Monday in a statement. The CEOs of locally based Exxon Mobil, McKesson, AT&T, American Airlines , Texas Instruments, Fluor, Jacobs and Vistra Energy joined Dimon in signing the roundtable's statement. [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...]
Target launching private label in fight for grocery share
So if you don't love your Southwest Bagged Salad Mix or your Honey Nut Hoops, you can hop in your auto or green transportation alternative, trek all the way back to the store, wait in line, and demand your $2.15 refund. Here's a look at how Target's Good & Gather brand will try to win customers over. Although the retailer has launched or plans to launch more than 25 product brands this year, the... [Full Article...]
China lashes Taiwan over offer to Hong Kong protesters
On the eve of the rally, Canadian Foreign Minister Chrystia Freeland and European Union foreign policy chief Federica Mogherini said: "Fundamental freedoms, including the right of peaceful assembly must continue to be upheld". "The government is not only failing to protect civil rights; it has turned the law that originally protected those rights into an apparatus that silences the voice of the pu... [Full Article...]