Money

Zuckerberg loses $16 billion in record Facebook fall

Zuckerberg loses $16 billion in record Facebook fall The social media giant revealed in its second quarter results that its monthly active user numbers across all of its platforms had grown to 2.23bn at an increase of just 11 per cent, falling short of consensus estimates of 2.25bn as polled by Thomson Reuters . [Full Article...]

U.S. vehicle tariffs still aren't off the table, warns German industry group

U.S. vehicle tariffs still aren't off the table, warns German industry group Donald Trump and European Union officials on Wednesday agreed to work towards zero tarffis on non-auto industrial goods and reduce trade barriers. The step came in response to an earlier decision by the White House to impose 25 and 10 percent tariffs on steel and aluminum imports to the United States from Europe. [Full Article...]

World’s oldest person dies at 117

World’s oldest person dies at 117 Miyako, born on May 2, 1901, became the world's oldest person in April after Nabi Tajima from the Kikai island in southern Japan died at age 117 . Japanese women have the world's highest life expectancy of 87, while the men's life expectancy is in the world's top 10, according to the World Health Organization. [Full Article...]

Putin returns the favor and invites Trump to visit Moscow

Putin returns the favor and invites Trump to visit Moscow The White House said Trump was enthusiastic about another summit. President Donald Trump is open to visiting Moscow _ if he gets a formal invitation from Vladimir Putin , the White House said. presidential election. "He has this invitation already and I told him about it", according to CNN. But Trump's press conference, in which he suggested that he believed Putin's claims that Russian ... [Full Article...]

Wall St rises as Trump touts EU trade

Wall St rises as Trump touts EU trade Bank Private Wealth Management in NY, told Reuters . Earnings per share of US$5.07 more than doubled analysts' consensus forecast. On the other hand, easing concerns over the potential negative impact of Trump administration's protectionist trade policy helped the trade-sensitive S&P 500 Industrials Index to gain almost 1% for the second day in a row. [Full Article...]

Trump deserves some credit for this booming economy

Trump deserves some credit for this booming economy On Friday, the U.S. Bureau of Economic Analysis announced that the U.S. economy increased at an annual rate of 4.1 per cent in the second quarter of 2018. Still, Silvia says , "you can have a very strong second quarter", but growth will slow to about 2 percent to 2.5 percent as the export picture turn negative. [Full Article...]

China to pull approval for Facebook’s planned venture

China to pull approval for Facebook’s planned venture On Tuesday, a screenshot purporting to be a filing for the entity on China's National Enterprise Credit Information Publicity System website went viral on WeChat and Weibo, before the news crossed over into the English-language realm and was eventually confirmed by a Facebook spokesperson. [Full Article...]

Vladimir Putin invites Donald Trump to Moscow

Vladimir Putin invites Donald Trump to Moscow Trump faced a storm of criticism back home for his handling of the meeting. Trump and Putin may meet on the sidelines of an worldwide conference at some point, the Russian government had said, but the upshot of Friday's back-and-forth was that both leaders want another bilateral summit as well at some point. [Full Article...]

Trump 'open' to Moscow visit after Putin extends invite

Deputy press secretary Hogan Gidley said Kaitlan Collins was denied access to Trump's Rose Garden event with the European Commission president on Wednesday because of her refusal to leave the Oval Office during a previous availability with the president. [Full Article...]

Republicans and farmers alarmed as Trump trade wars grow

Republicans and farmers alarmed as Trump trade wars grow On Tuesday, Trump declared on Twitter that "tariffs are the greatest!" The U.S. and European Union will "hold off on other tariffs"' while negotiations proceed, as well as re-examine U.S. Secondly, with the US Congress rebuffing a Sinophobic economic attitude that has been persistent in Europe for decades, including during an era where Sino-US trade flourished, Washington's legislators hav... [Full Article...]

Facebook stock dives almost 20% on warning of slow revenue growth

Facebook stock dives almost 20% on warning of slow revenue growth The money the Facebook CEO lost is only one-fifth of his net worth, which has fallen to $70 billion. We expect Facebook to get back on track by the end of 2019, and expect revenues and profits to grow for many years. company. Instagram users are not accustomed to clicking on links in posts, which makes the service less effective at generating online purchases than Facebook , said Erik Hub... [Full Article...]

Twitter stocks dive 20% as users drop by a million

Twitter stocks dive 20% as users drop by a million Twitter is "improving the health of the system while there's still dramatic DAU growth to come". The number of monthly users could also decline by "mid-single-digit millions" in the third quarter, Twitter warned. Monthly user rates dropped from 336 million to 335 million , quarter over quarter. The company does not disclose daily users. Twitter's market value dropped by more than $6 billion F... [Full Article...]

'No nuclear deals for SA yet' - Cyril Ramaphosa

'No nuclear deals for SA yet' - Cyril Ramaphosa BRICS as a block is of strategic importance in the current global environment that we find ourselves in today. Xi's support for global governance follows years of disregard for the Permanent Court of Arbitration at the Hague, considered the world's most prestigious judicial body for disputes between states. [Full Article...]

SEC Sinks Bitcoin ETF Over Fears of Price Manipulation

SEC Sinks Bitcoin ETF Over Fears of Price Manipulation In a 92-page decision released Thursday, the SEC was not persuaded that the twins and their company could protect investors from abuse and fraud. Although BZX argues that its proposal can satisfy these requirements because Bitcoin markets are inherently hard to manipulate, and because alternative means of identifying fraud and manipulation would be sufficient, the Commission concludes that... [Full Article...]

Trump 'open' to visiting Moscow for meeting with Putin

Trump 'open' to visiting Moscow for meeting with Putin Gross Domestic Product expanded by an annual rate of 4.1 per cent, matching analyst expectations, as Americans bought more cars and as foreign sales of oil and soybeans, which now face Chinese tariffs, gave exports the biggest boost in more than four years, the Commerce Department reported. [Full Article...]

Putin Invites Trump to Moscow for a One-on-One Meeting

As reported first by Agence France-Presse and later by CNN, Putin told reporters Friday that he is willing to accept Trump's invite to visit the White House . In one remark, he suggested that he trusted Putin more than his own top intelligence offer regarding evidence of Russian meddling in the U.S. 2016 elections. [Full Article...]

Amazon Earnings Give a 4% Boost to Shares

Amazon Earnings Give a 4% Boost to Shares Amazon has forecast operating income above Wall Street's expectations for the third quarter, as the company earned far more from its higher-margin cloud business. Its more than 100 million members globally spend above average amounts on Amazon , to get the most out of their subscriptions. It posted an operating profit of $1.64 billion, up from $916 million a year ago. [Full Article...]

Zuckerberg down $16bn as market 'unlikes' Facebook

Zuckerberg down $16bn as market 'unlikes' Facebook Charlene De Carvalho-Heineken - she is the biggest shareholder of the world's second-largest brewer Heineken NV and has a net worth of about $16.7 billion. Facebook has continued to suffer fallout from investigations into Russian manipulation of the platform during the 2016 United States presidential election. [Full Article...]

Bahri VLCC damaged in Red Sea attack by Houthi rebels

Bahri VLCC damaged in Red Sea attack by Houthi rebels Yemeni Houthis attacked two oil tankers in the major shipping lane on Wednesday, leading Saudi Arabia to temporarily halt the flow of all crude shipments through the strategic waterway, bolstering fears of supply constraints in oil markets and bumping prices higher. [Full Article...]

EU And U.S. Pledge To Boost Natural Gas Trade

EU And U.S. Pledge To Boost Natural Gas Trade He said the two leaders were working towards a goal of "zero tariffs, zero barriers, and zero subsidies on non-auto industrial goods". Mr Trump and Mr Juncker said the talks would also seek to "resolve" U.S. They also agreed to resolve the dispute over steel and aluminum tariffs. The EU in particular has responded with retaliatory tariffs on a wide range of US products, including bourbon, ... [Full Article...]


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