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Wall Street opens lower as Netflix plunges

July 18, 2019 by cbn Leave a Comment

Wall Street opens lower as Netflix plunges

U.S. stocks opened lower on Thursday as shares of streaming pioneer Netflix tumbled, kicking off earnings for the FAANG group of stocks on a sour note.

Filed Under: Financial Planning

Microsoft, AT&T ink cloud deal worth more than $2 billion

July 17, 2019 by cbn Leave a Comment

Microsoft, AT&T ink cloud deal worth more than $2 billion

Microsoft Corp and AT&T Inc on Wednesday said they reached a deal under which the telecommunications firm will tap Microsoft’s Azure cloud service for its computing needs and provide Office 365 software to much of its 268,000-strong workforce.

Filed Under: Financial Planning

Oil steadies as U.S. supply concerns ease but Iran tensions loom

July 16, 2019 by cbn Leave a Comment

Oil steadies as U.S. supply concerns ease but Iran tensions loom

Oil prices steadied on Tuesday as a resumption of production in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply from shale oil countered tensions in the Middle East.

Filed Under: Financial Planning

Symantec, Broadcom cease deal negotiations: CNBC

July 15, 2019 by cbn Leave a Comment

Symantec, Broadcom cease deal negotiations: CNBC

Cybersecurity company Symantec Corp and chipmaker Broadcom Inc have ceased deal negotiations, CNBC reported on Monday, citing sources.

Filed Under: Financial Planning

Sterling would rise under Labour government: Labour finance chief

July 14, 2019 by cbn Leave a Comment

Sterling would rise under Labour government: Labour finance chief

Sterling would rise if the opposition Labour Party won an election, the party’s finance policy chief John McDonnell told the Sunday Times, playing down the idea that a socialist government could trigger capital flight.

Filed Under: Financial Planning

Japan-South Korea feud deepens with disputed accounts of trade meeting

July 13, 2019 by cbn Leave a Comment

Japan-South Korea feud deepens with disputed accounts of trade meeting

A row between Japan and South Korea escalated on Saturday, with contested accounts of a frosty meeting the day before that had failed to make progress on a dispute that could threaten global supplies of microchips and smartphone displays.

Filed Under: Financial Planning

Oil prices firm on tropical storm and geopolitical tensions

July 12, 2019 by cbn Leave a Comment

Oil prices firm on tropical storm and geopolitical tensions

Oil prices edged higher on Friday and were on track for a weekly gain as U.S. oil producers in the Gulf of Mexico cut more than half their output because of a tropical storm and as tensions continued to simmer in the Middle East.

Filed Under: Financial Planning

Strong currency props up Indian rice rates, wider demand subdued

July 11, 2019 by cbn Leave a Comment

Strong currency props up Indian rice rates, wider demand subdued

Rice export prices in India extended gains this week helped by a stronger rupee, while expectations of fresh supplies entering the market weighed on Thai rates along with muted demand across major paddy-growing countries.

Filed Under: Financial Planning

British billionaire Dyson snaps up Singapore’s priciest penthouse

July 10, 2019 by cbn Leave a Comment

British billionaire Dyson snaps up Singapore’s priciest penthouse

British billionaire and inventor of the bagless vacuum cleaner James Dyson has bought the most expensive apartment in Singapore, where his company plans to build an electric car.

Filed Under: Financial Planning

Exclusive: Russian output falls to three-year low as oil rivals clash

July 9, 2019 by cbn Leave a Comment

Exclusive: Russian output falls to three-year low as oil rivals clash

Russian oil production fell close to a three-year low in early July, as output was undermined by a row between Russian oil pipeline monopoly Transneft and the country’s biggest producer Rosneft.

Filed Under: Financial Planning

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