Business

China Is Losing the Trade War With Trump

China Is Losing the Trade War With Trump

For his part, Juncker noted that the European Union and USA made a decision to strengthen their cooperation on energy. Those comments closely mirrored the USA criticism of China trade practices that have led to escalating tariffs between the two countries.


Facebook sees biggest fall in corporate history as shares lose $120bn

Facebook sees biggest fall in corporate history as shares lose $120bn

The social network missed analysts' expectations of $13.36 billion in revenue, while Q2 2018 marked its slowest ever user growth rate. On a market-capitalisation basis, the company saw $US120 billion ($AU162.6 billion) erased, the biggest in USA stock-market history.


Twitter stock hammered as bad week in social media gets worse

Twitter stock hammered as bad week in social media gets worse

Twitter turned in its third straight quarter of profitability for Q2 of 2018, beating Wall Street expectations for revenue and earnings . Twitter said monthly users dropped by 1 million, and the company said it could witness a continued reduction in users.


Bitcoin slumps after USA regulators reject Winklevoss crypto exchange-traded fund, again

Bitcoin slumps after USA regulators reject Winklevoss crypto exchange-traded fund, again

The regulatory authority highlighted that the order should not be seen as a judgment against cryptocurrencies and blockchain. However, a new proposal with a few changes in rules was submitted in June. Applicants argued that SEC depended other ETFs' surveillance agreements, which were approved in the past. However, SEC in an hopeful tone stated that bitcoin market regulations are in the early phases and they are reportedly keeping a watch on the derivative markets and their popularity.



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

I am ready for that. Trump faced intense criticism after the Helsinki news conference, during which he appeared to support Putin's "extremely strong and powerful" denial of subverting the 2016 USA presidential election. Mr. Trump suffered fierce criticism from Democrats and Republicans for his kid-glove treatment of Mr. Putin at their July 16 summit in Helsinki. "Despite the difficulties, in this particular case difficulties linked to the internal political situation in the United ...


Amazon earnings top forecasts on cloud computing, ad growth

Amazon earnings top forecasts on cloud computing, ad growth

Amazon does not forecast net income, but analysts were expecting an $843 million profit in the third quarter, according to Thomson Reuters I/B/E/S. Earlier this week, he lashed out again against Amazon on Twitter, saying that "many feel" there may be antitrust concerns related to the company.