A federal judge said Walmart Inc, Target Corp and Bed Bath & Beyond Inc must face a lawsuit claiming they sold linens that were falsely labeled "100% Egyptian Cotton" or "100% Long-Staple Egyptian cotton" despite being suspicious of their origin. […]
The U.S. government on Monday eased some restrictions imposed last week on China's Huawei, a sign of how the prohibitions on the telecommunications company may have far-reaching and unintended consequences. […]
T-Mobile US Inc's $26 billion acquisition of rival Sprint Corp appeared to win the support of a majority of the Federal Communications Commission on Monday, in a significant step toward the deal's approval. […]
American Airlines Group Inc said on Monday it has filed a lawsuit against two unions representing its mechanics, accusing the workers of an illegal slowdown aimed at disrupting operations to improve their position in prolonged labor talks. […]
U.S. stocks slid on Monday as the White House's restrictions on Chinese telecoms equipment maker Huawei Technologies Co Ltd weighed on the technology sector and raised concerns that the move would further inflame trade tensions between the United States and China. […]
Worries that the United States and China were digging in for a longer, costlier trade war weighed on financial markets on Monday as Beijing accused Washington of harboring "extravagant expectations" for a deal to end their dispute. […]
Global equity markets fell on Monday as a U.S. crackdown on China's Huawei Technologies led chipmaker stocks in Europe and on Wall Street to slide on fears of a widening trade war, while the dollar was steady before fresh insight on the Federal Reserve's interest rates policies this week. […]
Apple Face ID parts supplier Lumentum Holdings Inc followed Google on Monday in clamping down on the business it does with Huawei Technologies, after U.S. President Donald Trump imposed a ban on the Chinese firm on national security grounds. […]
Alphabet Inc's Google has suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing, a source familiar with the matter told Reuters on Sunday, in a blow to the Chinese technology company that the U.S. government has sought to blacklist around the world. […]
The U.S. Department of Justice is leaning against approving T-Mobile US Inc's proposed takeover of Sprint Corp as the remedies proposed by the companies do not resolve antitrust concerns, Bloomberg reported on Monday, citing a person familiar with the review. […]
The U.S. move to blacklist Huawei sent tech stocks tumbling Monday. Global X Funds research head Jay Jacobs tells Reuters' Fred Katayama hardware companies like Apple are vulnerable to the trade wars, but not software firms. […]
Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by U.S. President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog, the New York Times reported on Sunday. […]
Deutsche Bank denied a report that said some of its executives rejected the advice of the bank's own anti-money laundering specialists and prevented some transactions involving entities controlled by President Donald Trump and his son-in-law, Jared Kushner, being filed with the government. […]
Incoming Daimler boss Ola Kaellenius is working on a cost cut program to reach profit margin targets which are threatened by global trade woes and ramp up issues at factories, Handelsblatt reported, citing company sources. […]
Ford Motor Co said on Monday it will eliminate about 10% of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker $600 million annually. […]
British companies are likely to cancel projects that they have put on hold because of Brexit uncertainty if the country leaves the European Union without a deal to smooth the shock, Bank of England Deputy Governor Ben Broadbent said on Monday. […]
Tesla's stock and bonds tumbled on Monday as investors worried about the automaker's cash burn and problems with an Autopilot system that CEO Elon Musk has held out as key to the electric car maker's future. […]
Ford Motor Co said on Monday it will eliminate about 10% percent of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the automaker $600 million annually. […]
T-Mobile US and Sprint are a step closer to merging, with the $26 bln union blessed by their U.S. regulator. As Jen Saba explains, one subtext is the federal government’s focus on leadership in the latest technology, which has also helped Qualcomm and hurt China’s Huawei. […]
General Motors Co said on Monday most of its global models will be capable of over-the-air software upgrades by 2023, as the automaker rolls out new vehicle electrical systems designed to securely handle heavy data traffic and software downloads from the internet. […]
The Government has revised its proposed restitution figure to $183,530 but the defendant disagrees.
The post US Govt, Bitfunder operator Jon Montroll clash over restitution amount appeared first on FinanceFeeds. […]
Oil prices edged up to near multi-week highs on Monday as OPEC indicated it was likely to maintain production cuts that have helped boost prices this year, while escalating Middle East tensions provided further support. […]
Jonathan Golub, Credit Suisse Chief US Equity Strategist, says the likelihood of a recession is very low. Sonali Basak, Bloomberg Investment Banking Reporter, discusses the possibility of a leadership change at Deutsche Bank. Bill Schneider, George Mason Professor & Author, "Standoff: How America Became Ungovernable", thinks Joe Biden's candidacy represents a return to normal. Raphael Bostic, Federal Reserve Bank of Atlanta President, does not see a rate cut this year.&nbs […]
Volatility stirred this past week, but it wouldn’t be applied to a clear direction for the benchmark assets. With the Dow and S&P 500 unsure of their direction having dropped back from record highs and the Dollar fresh off a 5-day rally to within reach of its own two-year high, technical traders are focused on whether we see break or reversal. What they should really contemplate is the capacity of follow through. […]
While there has been plenty of discussion surrounding growth forecasts and political risks moving forward, the most active fundamental theme remains trade war developments. We had clear points of improvement on that front this past week with a delay in US auto tariffs and the lifting of metals import taxes to smooth the USMCA deal. That said, the souring mood between the US and China seemed to keep sentiment suppressed. Does this continue? […]
European stocks slipped on Monday as concerns about an escalating fallout from a U.S. crackdown on China's Huawei Technologies offset a slightly more positive tone on trade. Francis Maguire reports. […]
The consumer notice is published amid growing volume of questions about London Capital & Finance and uncertainty on whether its clients are entitled to any compensation.
The post FCA issues advice to retail investors about mini-bonds appeared first on FinanceFeeds. […]
Finablr's entire issued ordinary share capital has today been admitted to trading on the London Stock Exchange's Main Market for listed securities under the ticker "FIN".
The post Finablr gets admitted to trading on London Stock Exchange appeared first on FinanceFeeds. […]
The Financial Services Compensation Scheme declared 21 firms in default from February 1, 2019 to April 30, 2019.
The post Consumers likely to get compensation as FSCS declares 21 firms in default appeared first on FinanceFeeds. […]
On the back of recent client feedback, IG has enabled traders to customize the Stochastic and KDJ indicator levels on charts.
The post IG enables traders to customize Stochastic and KDJ indicators on charts appeared first on FinanceFeeds. […]
A justified rant from London's institutional sector, floating into the future, some new and important trading tools, and oneZero comes of age!
The post “Mind The Gap!” – The life and times of a man on the move Episode 46 appeared first on FinanceFeeds. […]
The sentence date, initially set for May 20, 2019, will be rescheduled shortly.
The post NY Court adjourns sentencing of ICO fraudster Maksim Zaslavskiy appeared first on FinanceFeeds. […]
The defendants will pay $830,000 in full and final satisfaction of any and all claims the Trustee and the Debtors’ estates have.
The post AFX reaches settlement with bankruptcy trustee of Gallant Capital Markets appeared first on FinanceFeeds. […]
Shahab Jalinoos, Credit Suisse Head of FX and Macro Trading Strategy, sees a permanent dollar shortage in China. Miranda Carr, Haitong International China Macro Strategist, thinks China is overconfident about how little tariffs impact their economy. Kate Bedingfield, Biden Deputy Campaign Manager, discusses Joe Biden's middle class roots. Bob Michele, JPMorgan Asset Management Global CIO and Head of Global Fixed Income, notes the amount of money in money market funds is the highest since the financial crisis. Amy Myers Jaffe, CFR Senior Fellow for Energy & the Environment and Director of the Program on Energy Security & Climate Change, says the oil market is too relaxed for the current level of risk. […]
David Josephs is currently Vice President and Head of Visa Direct at Visa Europe and Leanna Kuo is Vice President North America Corporate Accounting at Visa Inc.
The post Earthport announces appointment of David Josephs and Leanna Kuo to BoD appeared first on FinanceFeeds. […]
Ann Cairns, Mastercard Vice Chair, says it's important to introduce girls to STEM careers. Julian Emanuel, BTIG Chief Equity & Derivatives Strategist, says a trade war is not inflationary. Joe Feldman, Telsey Senior Research Analyst, says Walmart is less exposed than other retailers to tensions with China. Paul Donovan, UBS Global Chief Economist, thinks the slowdown in 2018 was somewhat caused by trade tensions. Gabriel Felbermayr, Kiel Institute for the World Economy President, posits that, although a "tariff pass-through"takes time to occur, a full pass-through to the American consumers would be highly unusual.&nbs […]
Chetan Ahya, Morgan Stanley Chief Economist & Global Head of Economics, thinks trade tensions were the cause of China's slowdown. David Kostin, Goldman Sachs Chief U.S. Equity Strategist, expects modest earnings growth in 2019. Emma Ross-Thomas, Bloomberg Brexit Editor, brings us a Brexit update. Mike Spence, NYU Professor, says it's confusing what the U.S. and China really want.&nbs […]
Catherine Mann, Citigroup Global Chief Economist, says closing the door to trade doesn't enhance an economy. Jens Nordvig, Exante Data Founder & CEO, analyzes the trade dispute's impact on the renminbi. Mark Lehmann, JMP Securities President, says China has more to lose than the U.S. and Dana Telsey, Telsey Advisory Group CEO & Chief Research Officer, discusses actions taken by retailers to alleviate the impact of tariffs.&nbs […]
Michael Purves, Weeden Chief Global Strategist, says credit spreads have yet to back up. Stephen Roach, Yale Professor, Former Morgan Stanley Asia Chairman and Author of "Unbalanced: The Codependency of America and China", says tariffs are attacks on importers and the U.S. is the importer. Keyu Jin, London School of Economics & Political Science Professor, thinks U.S. tariffs have caused a surge of nationalism in China. Ted Alden, CFR Senior Fellow, Author of "Failure to Adjust: How Americans Got Left Behind in the Global Economy", says Trump's complaints about China are legitimate but his tactics aren't.&nbs […]
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