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BMW says trade war could hit 2019 results by up to 500 million euros
8 days ago - By Reuters
German carmaker BMW expects a hit to earnings of up to half a billion euros next year if tariffs between the United States and China remain in place, Chief Financial Officer Nicolas Peter told Automobilwoche magazine.
Read more ...Trade Wars Have Been Good For The U.S. Economy - For Now
8 days ago - By ETF Daily News
From Steven Vannelli, CFA : Overnight, new data released in China suggests businesses are having a tough time lately. Cheung Kong University produces an alternate PMI Business Conditions Index in association with the China Federation of Logistics and Purchasing.
The latest data point plunged more than 10 points from its end of July reading and is currently sitting at 41.88, deep into contraction territory.
For the US, the story is a bit different. The Atlanta Federal Reserve maintains a now-casting series extrapolating incoming economic data to quarterly GDP now-casts, calculated weekly...
Read more ...Asia-Pacific Daily Briefing: China Shrugs Off the Trade War, For Now
8 days ago - By Economy
China's exports hit a seven-month high in September; Q3 GDP is tracking at a weak 6.1% y/y.
Read more ...
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New ‘Dark Ads' pro-Brexit Facebook campaign may have reached over 10M...
A major new campaign of disinformation around Brexit, designed to stir up UK ‘Leave' voters, and distributed via Facebook, may have reached over 10 million people in the UK...
'You are messing with the wrong guy': The CEO of Cleveland-Cliffs...
Cleveland-Cliffs CEO Lourenco Goncalves took time out of his company's third-quarter earnings call to attack a Goldman Sachs analyst and short sellers. It's not the first time...
Microsoft could be the next company to join the $1 trillion club - here's...
The cloud industry is set to grow rapidly, and Microsoft is well-positioned to benefit from its expansion, Wedbush analyst Daniel Ives said in a new report. The company has a...
Tesla quietly stopped selling its full self-driving feature as an option in...
Tesla stopped selling its full self-driving feature as an add-on option for new buyers on Thursday. Tesla previously offered a "Full Self-Driving Capability" that cost $4,000...
The DOJ has charged a Russian woman working for a close Putin ally with...
The Department of Justice announced on Friday that it has charged a Russian woman with conspiring to interfere in the 2018 US midterms. The woman, Elena Khusyaynova, is accused...
How musicians really make their money - and it has nothing to do with how...
The majority of an artist's revenue comes from touring , selling merchandise, licensing their music for things like television, movies, or video games, and partnerships or side...
Ben & Jerry's is selling 4 new ice cream flavors that are all under 160...
On Thursday, Ben & Jerry's started selling four new flavors as part of its line of low-calorie "Moo-phoria" ice creams. The new flavors are Cherry Garcia with a Twist, Mocha...
Sears is reportedly betting on a lifeline from its controversial former CEO...
Sears is about to find itself in a dire cash situation, according to court filings reported by Bloomberg . The company is relying on a $300 million bailout from former CEO...
Apple CEO Tim Cook demands Bloomberg retract its Chinese chip hacking report...
Bloomberg reported in early October that Chinese spies had infiltrated U.S. companies by planting microchips in their servers. Apple released a statement soon after denying the...
Procter & Gamble spikes after delivering earnings beat and reaffirming its...
Procter & Gamble beat on both the top and bottom lines. The consumer-products giants reaffirmed its fiscal-year 2019 forecast. Shares gained about 5% ahead of Friday's opening...