It has been a bloody last week that wipe out the entire gains since mid-December. Now with the bear appearing in full force, is this just a pullback to continue the uptrend or is this a potential change of trends? What can happen this week that can change the market? This week highlighted several futures, […]
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BBC News – Business- Private land parking tickets soar to hit record highCar park management firms issued 5.65m penalties in the last year, according to the RAC.
- Coal to solarOne Chinese firm has transformed a mining disaster area into the world's biggest floating solar farm.
- Cut-price genesLow-cost genetic testing coupled with health data analysis is promising to transform medicine.
- Sugar tax revolt: Meet the Ribena stockpilersSome people hate the new Ribena so much, they've started to stockpile the last "classic" bottles.
- Rail passengers suffer 'misery', say MPsPublic Accounts Committee says people are paying for a franchising model that doesn't work.
- Amazon's sales surge and profits doubleThe online retailer beat expectations with a 43% rise in revenues during the first quarter.
- Wembley: Football Association offered £900m to sell national football stadiumThe Football Association receives an offer to sell Wembley Stadium, in a deal understood to be worth £900m.
- Can tariffs really save an industry?As trade tariff controversies continue, US pencil-makers say levies on Chinese imports saved their businesses.
- Poundworld adds to retail gloomThe discount retailer is exploring a restructure which could put up to 1,500 jobs at risk.
- Facebook's Zuckerberg faces formal summons from MPsA parliamentary committee says evidence from Facebook's chief technology officer was unsatisfactory.
- Private land parking tickets soar to hit record high
- Reuters: Business News
- Airbus cuts A330 output, first-quarter profit capped by engine delaysPARIS (Reuters) - Airbus bowed to weak demand for its A330 passenger jet on Friday, announcing a cut in production for 2019 after a series of bruising defeats to Boeing in contests for wide-body jets.
- TSMC to invest $14 billion in R&D at Hsinchu facilityTAIPEI (Reuters) - Taiwan Semiconductor Manufacturing Co , the world's largest contract chipmaker, is planning a T$400 billion ($13.50 billion) investment to expand its research and development capacity for future technologies, a company spokeswoman said on Friday.
- Emboldened by Trump, banks push to throw off old rule constraintsWASHINGTON (Reuters) - Emboldened by President Trump's pledge to loosen laws introduced following the 2007-2009 global financial crisis, U.S. banks are pushing to scrap or revise more than a dozen other lesser-known rules they say are outdated, costly and hurt economic growth.
- Exclusive: U.S. considers tightening grip on China ties to Corporate AmericaNEW YORK (Reuters) - The U.S. government may start scrutinizing informal partnerships between American and Chinese companies in the field of artificial intelligence, threatening practices that have long been considered garden variety development work for technology companies, sources familiar with the discussions said.
- Asian shares claw higher after U.S. tech shares bounceSINGAPORE (Reuters) - Asian shares rose on Friday after U.S. equities were buoyed by a rebound in technology stocks, while markets in Seoul were underpinned by optimism as leaders of North and South Korea held their first summit in over a decade.
- Weak consumer spending seen restraining U.S. growth in first quarterWASHINGTON (Reuters) - The U.S. economy likely slowed in the first quarter as growth in consumer spending braked sharply, but the setback is expected to be temporary against the backdrop of a tightening labor market and large fiscal stimulus.
- Amazon delivers dazzling profits, as well as $20 Prime hike and NFL games(Reuters) - Amazon.com Inc more than doubled its profit on Thursday and predicted strong spring results as the world's biggest online retailer raised the price for U.S. Prime subscribers, added U.S. football games and touted its cloud services for business.
- Exclusive: T-Mobile, Sprint make progress in talks, aim for deal next week - sources(Reuters) - U.S. wireless carriers T-Mobile US Inc and Sprint Corp have made progress in negotiating merger terms and are aiming to successfully complete deal talks as early as next week, people familiar with the matter said on Thursday.
- Wall Street much quicker to applaud Facebook than criticize it(Reuters) - A month of darkening sentiment around Facebook Inc among analysts was washed away in an instant when the social media's earnings report blew through even the most optimistic earnings estimates.
- Musk's 'no new capital' promise faces scrutiny when Tesla reports resultsSAN FRANCISCO (Reuters) - Investors are accustomed to the bold promises of Tesla Inc's Elon Musk, but his assertion that the electric vehicle maker will not need more funds this year has many scratching their heads. How can the chief executive deliver on his many goals without a fresh infusion of outside cash?
- Airbus cuts A330 output, first-quarter profit capped by engine delays