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Tesla (NASDAQ: TSLA) stock price lost 31% of value since the start of this year amid concerns related to trade tensions and rising competition in the EV industry. The stock is currently trading slightly higher from $200 level. China has been imposing tariffs on automakers in response to big tariffs from the U.S. on Chinese…
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3M (NYSE: MMM) stock price lost close to 30% of value since May 2019 amid trade war conflict and lower than expected growth from end markets. Its shares are currently trading around the lowest level in the past three years. The bearish trend in its share price is likely to extend the momentum according to…
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Good times or bad times, gambling is one of the few sectors of the economy that continues to face all periods of economic boom and bust with equal vigor. Times have also proven that the industry is extremely flexible in adapting to new circumstances and even changing technology. If you don’t have any qualms about…
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This day in trading started with some news-worthy developments coming from the United Kingdom: because of technical problems, the famous London Stock Exchange suffered its most prolonged outage in eight years, according to multiple reports. Shares trading was subsequently delayed in some of the country’s largest and most prominent firms. An unexpected software glitch caused…
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Widely known Chinese technology company Huawei announced that its recently developed operating system, dubbed HarmonyOS, is already functioning on an Internet-connected device: a Smart TV. Keeping up with an increasingly competitive streaming market, Huawei included its HongmengOS or HarmonyOS operating system in the new Honor Vision smart TV, which becomes the first device to be…
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This Monday was the worst day for the United States Stock Market all year. However, the very next day, Tuesday, it recovered at least 1.2% or more, specifically regarding the DJ30, SPX500, and NSDQ100. On top of this, tech stocks saw some big recovery, with Apple and Microsoft rising up over 1.8%, and Facebook and…
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While we know that the stock market had fallen the past few days thanks to the trade war between the United States and China, it seems that things have recovered a bit. In fact, we’re seeing a strong rebound in U.S. stocks, in general, Tuesday since China was able to stabilize its local currency. According…
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Bond yields are falling globally as investors becoming increasingly worried about the US-China trade war. Investors are moving their funds into US government bonds, and this is pushing yields lower by the day. As of Monday, the ten year US Treasury yield fell by 1.75%, the lowest the yield has been since October 2016. The…
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Huawei Technologies Co Ltd has started testing its self-developed operating system on its smartphones. The operating system named Hongmeng will potentially go on sale by the end of the year if tests are successful. The release of Hongmeng has been necessitated by threats from the U.S government to block Huawei from accessing Google’s Android operating…
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The chairman of the biggest bank in Europe today announced the ouster of the company’s CEO John Flint after just 18 months in office. He noted that the move was a part of their idea to speed up progress. A shocking announcement According to HSBC chairman Mark Tucker, the company needs to work quickly on…
