Payroll processor ADP said that manufacturers, construction firms and mining companies cut 18,000 jobs combined. JC2 Ventures CEO and founder and Cisco chairman emeritus John Chambers discusses the ongoing journey to 5G in the USA, and how artificial intelligence can help or hurt the job market. [Full Article...]
Though Washington and Beijing are working on a "phase one" trade deal, the United States has ratcheted up tensions with other trade partners including Brazil, Argentina and France. With the two sides still haggling, the administration is set to impose 15% tariffs on an additional $160 billion of Chinese imports beginning December 15. [Full Article...]
The airline added they can double as a dessert bowl. Niki Chave from Air New Zealand says the airline will continue to trial Twiice's edible coffee cups and work with the company and other partners to explore scaling options that could make it a viable long-term product for the airline. [Full Article...]
The big four banks will require 16 percent tier one capital, up from a minimum of 8.5 percent. The average minimum for the sector at present is about 14 percent. More transparency in capital reporting. The changes will be implemented over seven years, giving plenty of time for banks to manage a smooth transition and minimise any adjustment costs. [Full Article...]
Unsworth sued Musk over the tweet , which the CEO told the jury was "a flippant, off-the-cuff insult". "I'm not sure how I need to apologize", the caver, Vernon Unsworth, told a jury in Los Angeles on Thursday. For most of this year, however, Musk, who has almost 30 million Twitter followers, has largely kept his public comments focused on Tesla's new models and improved profitability and on th... [Full Article...]
During the official meeting of the lawmakers and the officials, Abe said that the government has devised a strong fiscal policy that will help the economic growth. It will be financed by an extra budget for fiscal 2019 and 2020, both of which will be drafted this month, the government said. The government has allocated 280 billion yen (about 2.6 billion USA dollars) for the program and, in twine... [Full Article...]
Beijing on Wednesday furiously condemned a piece of American legislation calling for a tougher USA response to China's treatment of Muslim minorities. "Do you believe that if the USA takes measures to hurt China's interests, we will just sit back and let it happen?" The US Embassy in China, in an emailed statement, told Reuters it would not speculate on China's possible countermeasures. [Full Article...]
Despite recovering some losses, the index is still down 0.9% for the week. The Dow Jones Industrial Average is the index most likely to pivot to a bearish intermediate posture first; it was the only index to close below its 30 day moving average on Tuesday. [Full Article...]