Stocks Rebound Even As Traders Brace For "Long-Term Trade War"

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market202019 05 30 7 00 27

US equity futures and global stocks rebounded on Thursday as traders took a break from selling stocks and pumping money into safe-haven bonds and the dollar, awaiting the latest headlines in the ongoing trade war. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> With just two days left in what has so far been the most turbulent month… Read More

Fox's Trish Regan To Square Off With Chinese News Nemesis In Live Debate

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After tensions between two prominent television hosts reached a boiling point, Fox Business‘s Trish Regan and Chinese state-owned TV host Liu Xin are taking their online trade war spat into the limelight in the form of a live, televised debate on Wednesday night at 8 p.m. EST.  According to the New York Times, the two hosts will discuss trade and technology… Read More

"We Made A Mistake": FedEx Apologizes To Huawei For Diverting Sensitive Packages To US

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Perhaps fearing a backlash from Chinese corporates that could seriously undermine its prospects in one of the world’s largest growth markets, FedEx apologized to Huawei on Wednesday after the global logistics company ‘accidentally’ diverted two packages sent from Japan that had been addressed to Huawei in China, RT reports. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> The… Read More

Which Country Has the Highest House Price-to-Income Ratio?

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Canadian home prices have been growing at a breakneck speed, and incomes aren’t even close to keeping up. Organisation for Economic Co-operation and Development (OECD) numbers show Canada topped the house price-to-income index. House Price-to-Income Ratio Definition The house price to income ratio is a basic affordability measure, to see if incomes are keeping up.… Read More

Former Absa CEO, Maria Ramos, to join board of AngloGold Ashanti

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FORMER banker Maria Ramos is to join the board of AngloGold Ashanti as a non-executive director, the gold producer said in an announcement today. “I’m delighted to welcome Maria to the AngloGold Ashanti board,” the firm’s chairman Sipho Pityana, said. “Maria’s diverse background and extensive experience will add further depth to the Board’s financial and… Read More

7 Retirement Sins You Don’t Want to Commit

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This post 7 Retirement Sins You Don’t Want to Commit appeared first on Daily Reckoning. In general, Americans are pretty fearful about retirement and it’s easy to see why. So today I want to talk about seven different things that can totally derail anyone trying to work toward more financial stability in their golden years.… Read More

Visualizing How Much Oil Is In An Electric Vehicle?

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AFPM HowMuchOilEV Infographic 1.1

When most people think about oil and natural gas, the first thing that comes to mind is the gas in the tank of their car. But, as Visual Capitalist’s Nicholas LePan notes, there is actually much more to oil’s role, than meets the eye… Oil, along with natural gas, has hundreds of different uses in… Read More

Latest Gillette Ad Features Dad Teaching Transgender Son To Shave For The First Time

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Months after releasing an ad shaming all men for being ‘toxic’ pigs (while curiously cutting out a scene from the original ad featuring a booty-grabbing fake rap video), Gillette wants female-to-male trans individuals to know that once those hormones kick in, they’ve got your shaving needs covered.  <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> Their new advertisement features the… Read More

Huawei "Spent All Their Resources Stealing", Stunning New Exposé Shows

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The accusations of Huawei stealing trade secrets from across the world are hitting a fever pitch, thanks to a new Wall Street Journal expose that blows open accusations of theft and stealing of trade secrets. The article includes insights from lawsuits, Huawei’s competitors and former employees. Allegations run the gamut against the company: from its business practices,… Read More

The Wisest Investment You Might Ever Make

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This post The Wisest Investment You Might Ever Make appeared first on Daily Reckoning. Retirement planning generally focuses on working from your 20s and retiring in your 60s or later. That gives you 40-odd years to squirrel away 10% to 15% of your annual income to accumulate a sufficient nest egg to last the rest… Read More

Weekly Commentary: The Ignore Them, Then Panic Dynamic

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After years of increasingly close cooperation and collaboration, the relationship has turned strained. Both sides are digging in their heels. Credibility is on the line. If one side doesn’t back down, things could really turn problematic. The Fed is asserting that it’s not about to lower the targeted Fed funds rate. Markets are strident: You… Read More

Millennials And Gen Z Optimism About Economic Outlook Drops, Survey Finds

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Deloitte recently published its Global Millennial Survey of 13,416 millennials from 42 countries and 3,009 Gen Z respondents from ten countries. The survey found that both generations are experiencing economic disruptions that have translated into stress and pessimism about their careers, their social lives, and the entire world around them. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–>… Read More

"You Might Be A British Right Wing Extremist If…"

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The British Army has distributed a cheat sheet of “indicators & warnings” if one suspects that they (or a friend) might be a member of the “Extreme Right Wing” (XRW). <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> Describe themselves as “Patriots” Add ‘istan’ to British place names Describe multicultural towns as ‘lost’ Have tattoos with overt and… Read More

Microsoft Cuts Ties With Huawei

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Microsoft will reportedly become the latest tech giant to ‘suspend’ its relationship with Huawei, according to the South China Morning Post. One week after Washington first imposed strict limits on Huawei and its affiliates that will make it almost impossible for American firms buy Huawei products or sell American-made components to the company, a handful… Read More

Hackers Now Demand $10k Per Day In Baltimore Cryptocurrency Ransomware Attack

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Approximately 10,000 Baltimore City government computers remain crippled after a cryptocurrency ransomware attack locked officials out of critical servers, basically paralyzing the city for 14 days and counting. <!–[if IE 9]><![endif]–><!–[if IE 9]><![endif]–> We were one of the first to report the May 7th attack that brought Baltimore’s entire communication network to a standstill. Hackers… Read More