VIX is a chart of “fear” and so far the fear has subsided, but it is showing a bullish divegence. What it means is that there is a possibility of fear coming back to the market.
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BBC News – Business- House of Fraser cancels all online ordersThe department store chain promises to refund customers after a dispute held up online deliveries.
- Durham University to spend £105m on new collegesThe colleges are due to open in the summer of 2020.
- Half of staff fear workplace monitoring, says TUCThe TUC finds most workers believe firms are increasing surveillance of internet use and toilet breaks.
- E-cigarettes can be key weapon against smoking, say MPsVaping is much less harmful than normal cigarettes and it shouldn't be treated the same way, MPs warn.
- Musk was 'not on weed' when tweetingThe Tesla founder says it seemed like "better karma" to offer $420 to take the car maker private.
- US threatens more action against Turkey unless pastor freedThe US is demanding that Turkey release a detained US pastor or face further economic measures.
- Google employees criticise 'censored China search engine'Employees have written to the firm criticising its plans to launch a 'censored Chinese search service'.
- The world's first floating farm makes wavesAn offshore dairy farm aims to help Rotterdam produce its own food more sustainably.
- The last Blockbuster: 'I'm proud that we've survived'Online streaming has crushed Blockbuster and its last store is a reminder of a not-so-distant past.
- Whistleblower warns of Vodafone security breachesStaff at Vodafone call centres have broken the rules on security checks, leaving customers open to fraud.
- House of Fraser cancels all online orders
- Reuters: Business News
- Asian shares gain on U.S.-China trade talks, lira recoversAsian shares won a modest reprieve on Friday after China and the United States agreed to hold their first trade talks since June next week and as the Turkish lira extended gains from its record low earlier this week.
- Oil prices slip amid fears over global economic growthOil prices fell on Friday, with U.S. crude heading for a seventh weekly decline amid increasing concerns about slowing global economic growth that could hit demand for petroleum products as inventories build.
- Google employees demand more oversight of China search engine planGoogle is not close to launching a search engine app in China, its chief executive said at a companywide meeting on Thursday, according to a transcript seen by Reuters, as employees of the Alphabet Inc unit called for more transparency and oversight of the project.
- Whistleblower accuses Tesla of spying on employees at Gigafactory: attorneyAn employee fired from Tesla Inc's Nevada battery factory filed a whistleblower complaint with the U.S. Securities and Exchange Commission, accusing the company of spying on employees and failing to act after learning that a Mexican cartel may be dealing drugs inside the plant, his attorney said on Thursday.
- As Nvidia expands in artificial intelligence, Intel defends turfNvidia Corp dominates chips for training computers to think like humans, but it faces an entrenched competitor in a major avenue for expansion in the artificial intelligence chip market: Intel Corp .
- Wall St. rallies on solid earnings, U.S.-China trade talksU.S. stocks rebounded on Thursday with the Dow posting its biggest percentage gain in over four months, as positive earnings and waning trade jitters buoyed investor confidence.
- Exclusive: OxyContin maker Purdue taps financial restructuring adviser - sourcesOxyContin maker Purdue Pharma LP has tapped law firm Davis Polk & Wardwell LLP for financial restructuring advice, as its potential liabilities swell with a wave of lawsuits over the opioid addiction epidemic sweeping the United States, people familiar with the matter said on Thursday.
- Nvidia forecast lags Wall Street as crypto demand evaporatesNvidia Corp shares fell as much as 5 percent in after-hours trading on Thursday after the chip maker said cryptocurrency-fueled demand had dried up and it forecast sales below Wall Street targets, overshadowing quarterly results that otherwise beat expectations.
- Encouraged by online sales, Nordstrom raises full-year profit forecastUpscale department store Nordstrom Inc saw its shares soar as much as 14 percent in after-hours trading on Thursday, after reporting better-than-expected quarterly same-store sales growth, as more people shopped at its online stores.
- White House counsel asked FCC chair about Sinclair Tribune merger statusWhite House counsel Don McGahn called the head of Federal Communications Commission in July to ask about the status of Sinclair Broadcast Group Inc’s now abandoned $3.9 billion acquisition of Tribune Media Co .
- Asian shares gain on U.S.-China trade talks, lira recovers