Markets
Slump in UK auto production UK News
United Kingdom auto production has fallen for 17 of the past 18 months and dropped by 14.5% during the first 11 months of the year, as the industry continued to face a series of challenges, including weaker consumer and business confidence domestically, lower demand from overseas markets and a slump in sales of diesel vehicles. [Full Article...]
Saudi Aramco falls below $2 trillion as stock declines for 2nd day
Hyundai Oilbank is a private oil refining company with a processing capacity of 650,000 barrels per day. Aramco is now down by a cumulative 6 percent compared to the highest closing price it reached this past Monday. Saudi Aramco shares posted their first drop today after five days of listing on the Saudi Stock Exchange Tadawul, but its valuation stayed above the sensitive $2 trillion mark. [Full Article...]
U.S. open: Stocks continue historic rally
The broad-based S&P 500 also rose 0.5 percent to 3,205.23, while the tech-rich Nasdaq Composite Index jumped 0.7 percent to 8,867.22, its sixth straight record. The S&P index recorded 28 new 52-week highs and no new lows, while the Nasdaq recorded 88 new highs and 27 new lows. The Russell 2000 index gained 4.17 points, or 0.3%, to 1,661.73. [Full Article...]
Over 3,600 Ring Camera Owners Had Their Log-in Credentials Leaked
Ring has not had a data breach. "Ring has not had a data breach". "Our security team has investigated these incidents, and we have no evidence of an unauthorized intrusion or compromise of Ring's systems". The exposure of these account credentials is just the latest in a series of hacks and vulnerabilities that have affected Ring security cameras and video doorbells. [Full Article...]
Kiwi GDP gains ahead of forecasts
The figure is adjusted for inflation, but not population growth. The new data shows the economy expanded just 0.5% in the first half of 2019.Third-quarter growth was faster than the 0.3% the RBNZ projected in its November monetary policy statement. [Full Article...]
UK's Brexit-facing economy rebounds to avoid recession
Although painting a rosier picture for the third quarter of the year, the ONS said the underlying momentum in the United Kingdom economy continued to show signs of slowing. On Monday the BoE said the current account deficit still posed economic risks. Exports of goods and services rose, pushing the U.K.'s trade deficit with the rest of the world to its lowest level-measured as a share of the eco... [Full Article...]
Nike earnings soar as strong pricing offsets tariff hit
Morgan Stanley analyst Kimberly Greenberger says although all geographies beat consensus estimates, strength in Greater China was the standout metric of the second quarter report, where it saw sales grow 23% year-over-year. The company expects third-quarter gross margin to remain flat year-over-year, at around 45.1%. The margins have grown as the company focuses more on selling direct to its c... [Full Article...]
Gabbard faces heat back home for present vote on impeachment
Amid the impeachment battle on Capitol Hill and a potential Senate trial beginning in January, House Speaker Nancy Pelosi extended an invitation Friday to President Donald Trump to deliver the State of the Union address on February 4. Democrats say this was tantamount to betraying the nation's national security interests for the sake of Trump's own political gains. "But I say to Congress, I wi... [Full Article...]