Category: Business
All about business, finance, investment, and market news.
Oversupply Will Keep Oil Prices Under Pressure At The Beginning Of 2019
An energy information provider, Argus Media stated that an oversupply of oil will ensure the prices are under intense pressure even after entering the New Year. However, with the passing time, the cuts of the producers will ensure the crude prices are boosted. This condition refers to the scenario in which the balance between the…
Read MoreChina Considering A Law To Restrain Forced Technology Transfers
Reportedly, China is considering a new rule on foreign investment that will focus on the illegality of forced technology transfers, the process of which has been the main complaint from Washington between the current tariffs spat between the two largest economies globally. Multiple regional outlets reported on the under debate law, and Chinese news agency…
Read MoreRetailers On Buying Spree As The US–China Trade War Ensues
Amy Magnus, the head of the National Customs Brokers & Forwarders Association of America, has been in the genre of trade for the past 40 years but has never experienced such an inventory by the retailers hoarding. In the United States, the warehouses are spread all over the country at a record quantity with every…
Read MoreEconomists Hopeful Even As Wall Street Bleeds
Stock markets in US seem to be under the grip of bear market conditions as Dow has fallen down by 4000 points and Nasdaq is no better and crude oil is in free-fall mode. Though investors are behaving as if recession is already here economists don’t seen an imminent depression around the corner. The excellent…
Read MoreAmid Brexit Worries, Banks Lower Growth Estimates
Bank of England has announced that uncertainty over Brexit is affecting Britain’s economy in a negative manner so it has no other option but to cut national growth forecast. Due to weak global growth the Monetary Policy Committee (MPC) has voted to keep interest rates at 0.75 %and said that economy will grow by 0.2…
Read MoreBlackberry’s Focus On Software For Automated Cars Pays Off
After suffering quite a downfall in the smartphone market, Blackberry is now attempting to lead in autonomous vehicles software market and the world of cyber security. Compared to the stock of the rest of the market, Blackberry is nailing it by an increase of 2%. This has made the brand top the forecasts of Wall…
Read MoreOil Market Faces Oversupply Problems but Expects Correction
The oil market faces oversupply problems again which are impacting prices. Oil prices are not strong enough and see a weakness early this week on Monday. Brent crude was trading lower by 10 cents at $60.18, while WTI crude was trading at $51.15, which was a decrease of 5 cents. Though the OPEC countries along…
Read MoreObamacare ‘Unconstitutional’ Rules Court
Texas state federal judge has ruled that essential parts of Obamacare which is also called Affordable Care Act (ACA) is unconstitutional as twenty states in the US had argued that the law had become invalid due to new tax rules that were brought in last year. The new law eliminated penalty for not owning health…
Read MoreAround 5000 Jobs To Be Sliced By Jaguar Land Rover
Jaguar Land Rover announced that by the start of next year there will be 5,000 job cuts as part of a major cost-cutting program. Job losses will be part of a £ 2.5 Billion recovery plan that the UK company will set up in January. JLR was hit by falling demand for sedans and diesel…
Read MoreTrump Says GM Will Have To Pay For Its Mistakes
US President Donald Trump lashed out on GM (General Motors) CEO and said that what she did was “nasty”. Mary Barra had recently decided to stop all the production work at 5 places of Northern America with intent to re-model their worldwide business. This step taken by the GM CEO has affected the people working…
Read MoreApple Plans An Investment Of $1Bn For Its New Campus In Texas
Apple in planning to invest a billion dollar in its new campus that is located in the Austin of Texas, Apple said in its statement which was released on last Thursday. The planned new campus in the North Austin is said to be spreading across 133 acres and will have a capacity of accommodating somewhere…
Read MoreMicrosoft 365 Subscription Package For Customers In Progress
Microsoft is operating to roll out a user edition of its Microsoft 365 package that might be the user-aimed complement to its current Microsoft 365 subscription package for business consumers. The 365 plan by Microsoft for businesses presently comprises packages for Office 365, Windows 10, and Azure for some plans. A job listing seen by…
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