Markets

admin July 6, 2018

The US economy keeps adding jobs at a blistering pace. Businesses added 213,000 jobs to their payrolls in June, another strong month of gains. Employers kept hiring even as fears grew of a global trade war. The economy has added jobs every month for almost eight years, the longest streak on record. The unemployment rate […]

admin July 6, 2018

A cryptocurrency trading company founded by Tyler and Cameron Winklevoss has hired a top executive from the New York Stock Exchange. Robert Cornish, the NYSE’s chief information officer, will become the first CIO for Gemini Trust. The hiring is another sign of the growth of digital currencies such as bitcoin, both as an investment and […]

admin July 6, 2018

Click chart for more in-depth data. 1. The trade war is on: The United States and China have imposed steep new tariffs on tens of billions of dollars of each other’s exports. US tariffs of 25% are targeting more than 800 Chinese products worth $34 billion such as industrial machinery, medical devices and auto parts. […]

admin July 6, 2018

Intensifying trade frictions between the United States and its trading partners have most Federal Reserve officials increasingly troubled. Central bankers still see the US economy building steam under Fed Chairman Jerome Powell, and plan to stay on course in gradually lifting interest rates this year as unemployment declines and inflation stays on target. But minutes […]

admin July 5, 2018

MoviePass subscribers might have to spend a little more money on their next trip to the theater. The service, which lets customers see one movie a day for $10 a month, began rolling out surge pricing Thursday. MoviePass told customers that its Peak Pricing model will trigger whenever there is a lot of demand for […]

admin July 5, 2018

Chinese tech company ZTE has named a new CEO as it tries to deliver on a deal with the US government that would allow it to get back to business. ZTE named Xu Ziyang as its new chief executive, according to a statement. Xu, a former managing director of ZTE in Germany, has been with […]

admin July 5, 2018

After months of threats and skirmishes, the trade war between the United States and China is about to get serious. On Friday, the world’s top two economies are due to exchange fire by hitting $34 billion of each other’s exports with steep new tariffs, the first moves in what may become a devastating cycle of […]

admin July 5, 2018

The CEO of the company behind LaCroix sparkling water has been sued by two former pilots who say the company’s top executive subjected them to unwanted sexual touching on multiple occasions. The two male pilots filed separate lawsuits in Florida against Nicholas Caporella, the 82-year-old CEO of Corporate Management Advisors Inc. Caporella’s company operates National […]

admin July 4, 2018

US chipmaker Micron has run into trouble in a court battle in China, according to one of its rivals. A Chinese court has temporarily barred Micron (MICR) from selling 26 products in the country including memory chips, memory sticks and hard drives, Taiwan’s United Microelectronics Corporation (UMC) said in a statement late Tuesday. UMC filed […]

admin July 4, 2018

German Chancellor Angela Merkel has warned the Trump administration that hitting auto imports with new tariffs would have dire consequences. ”We now have tariffs on aluminum and steel and we have a discussion that is far more serious,” Merkel told German lawmakers on Wednesday. “This is taking on the contours of a trade conflict — […]