Posts Tagged by GLOBAL ECONOMY AND BUSINESS NEWS: Global economy and business news

Nissan to replace chairman arrested on financial charges

Nissan’s board is meeting to pick a chairman to replace Carlos Ghosn, arrested last month on charges of violating financial regulations. read more >>> Source:: CTVNews.Ca

Rupee opens 5 paise up at 71.85 against dollar

The local currency on Friday declined 22 paise to close at 71.90 against the US dollar. read more >>> Source:: EconomicTimes.IndiaTimes.Com

Safe haven support keeps dollar near 19-month high on growth risks

The offshore Chinese yuan was flat at 6.9013. read more >>> Source:: EconomicTimes.IndiaTimes.Com

Prada pulls products after blackface imagery accusations

Italian luxury brand Prada has issued an apology and removed a holiday window display at a New York store in response to complaints that its goods featured blackface imagery. read more >>> Source:: CTVNews.Ca

An early retiree who interviewed 100 millionaires discovered nearly all of them got rich using the same 3-step strategy

John, who runs the personal-finance blog ESI Money, has spent the past few years interviewing millionaires. He found that many employ a simple three-step strategy to build wealth: Earn good money, save it, and invest it. Contrary to popular belief, it doesn’t take a lucky […]

Half of the world is now officially online, but several thorny new problems now threaten the digital economy

About half of the world’s population is now online, the World Economic Forum said in a new report. But the transformation to a digital economy and society faces some big challenges, the forum said. Among the biggest are that the pace of internet adoption is […]

Brexit could wilt huge Dutch flower trade

The Dutch flower industry, vital part Netherlands’ economy, is facing a challenge that could make the hardiest bloom wilt: Brexit. read more >>> Source:: CTVNews.Ca

Revived Cuban Lunch bars meet with huge demand

A peanut-and-chocolate candy popular decades ago has been flying off shelves since an Alberta couple revived it earlier this year. read more >>> Source:: CTVNews.Ca

Tougher regulations on oil industry urged after N.L’s largest spill ever

Critics are calling for tighter control of Newfoundland and Labrador’s oil industry, just as the province moves to expand the size and range of offshore drilling. read more >>> Source:: CTVNews.Ca

Five things to watch for in the Canadian business world in the coming week

New data on home sales, inflation and Canada’s GDP will all be released this week. read more >>> Source:: CTVNews.Ca

‘Spider-Man: Into the Spider-Verse’ scores biggest opening weekend ever for an animated movie in December

“Spider-Man: Into the Spider-Verse” took in an estimated $35.4 million during its opening weekend at the domestic box office. That’s the biggest opening weekend for an animated movie that’s opened in December, passing 2016’s “Sing” which had a $35.2 million opening. Meanwhile, Universal’s $100 million-plus […]

Trump’s trade war could cost every middle-class American family $453 and could eliminate 292,000 US jobs

President Donald Trump has imposed tariffs on Chinese goods, steel, aluminum, and more. Trump has also threatened to impose more tariffs on Chinese goods and imported cars from around the world. According to a report from the Tax Foundation, Trump’s existing tariffs will cost every […]

Walmart has gobbled up a slew of brands since 2010 — and it’s all part of a strategy to take on Amazon and win over millennials (WMT)

Walmart has been on an online brands binge for several years now. Bonobos, ModCloth, and Art.com are just a few of the brands the retail giant has snapped up since 2010. Walmart’s pivot toward digital-native companies likely indicates its outlook on the future of retail. […]

We just got the most alarming sign yet that investors are bracing for a stock market crash

US stocks have been whipsawed in recent months, and internal trends aren’t looking very encouraging for a full recovery. Warning signs are continuing to pile up amid the chaos, and we may have just gotten the most jarring indication yet that a market collapse is […]

Canada will ‘be on the losing end’ over Huawei arrest: professor

A Canadian business professor says our country will “be on the losing end” of a dispute between China and the U.S. over the arrest of a prominent executive from Chinese telecommunications giant Huawei. read more >>> Source:: CTVNews.Ca

Congress just quietly passed a law that could spark a boom for the $1 billion marijuana-linked CBD industry

The US Farm Bill passed on Wednesday legalizes hemp, a plant that’s roughly identical to marijuana and is a key source of highly touted wellness ingredient CBD. The bill defines hemp as an agricultural product for the first time and amends a major drug law […]

The man who helped build Silicon Valley’s premier education startup is diving into the antiaging fight with a fresh $18 million

Ben Kamens, the first hire and lead engineer of Silicon Valley education platform Khan Academy, founded a new startup called Spring Discovery, which is dedicated to defeating aging and to extending life. Spring told Business Insider it raised $18 million from venture firms including First […]

Dubai’s glittering, futuristic metropolis came at the cost of hundreds of thousands of workers, and recommending it as a tourist destination feels wrong

The city of Dubai in the United Arab Emirates is known for extravagant, newly built landmarks like the Burj Khalifa, the Palm Jumeirah, and the Dubai Mall. In just over two decades, the city has transformed from a desert backwater port to a thriving metropolis […]

Here’s how much you’ll probably spend this Christmas

Many Canadian shoppers say they eventually regret spending too much during the holidays, and the vast majority of shoppers are willing to go into debt to impress their loved ones, according to a series of surveys. read more >>> Source:: CTVNews.Ca

Moody’s downgrades Ontario’s credit rating from Aa2 to Aa3, citing deficit

Bond rating agency Moody’s has downgraded the province of Ontario’s credit rating. read more >>> Source:: CTVNews.Ca

CN Rail reaches tentative agreement with 2,100 Canadian mechanics, electricians

Canadian National Railway and the union that represents its 2,100 mechanics, electricians and apprentices in Canada say they have reached a tentative collective agreement. read more >>> Source:: CTVNews.Ca

TSX closes at two-year low on concern about slowing Chinese economy

Canada’s main stock index ended another losing week with the market closing at a two-year low on concerns about a slowing Chinese economy that drove oil and natural gas prices lower. read more >>> Source:: CTVNews.Ca

8 things you can do today to be richer in 2019

All it takes to build long-term wealth is implementing smart strategies. For example, directing a portion of your paycheck into a separate savings account will help you accumulate savings without even thinking about it. From asking for a raise to spending less on housing, here […]

EU leaders approve small steps to buttress euro currenc

European leaders agreed Friday to press ahead with work toward a limited, common eurozone budget and took other steps to strengthen the currency union’s resistance to downturns and crises. read more >>> Source:: CTVNews.Ca

Facebook quietly killed its Building 8 skunkworks unit as it reshuffles its cutting-edge experiments and hardware (FB)

Facebook quietly killed off Building 8, its secretive skunkworks unit, after the launch of its Portal video-chat device. Its hardware team now lives under a new Portal organization, and its more experimental projects have been moved to Facebook Reality Labs, Business Insider has learned. Facebook […]

Apple’s $1 billion Austin campus is the latest big investment from top tier firms: Texas governor

“Texas is the Alabama when it comes to recruiting in college football. We get to pick the 5-star recruit companies that are coming to the Lone Star State,” Abbott says. read more >>> Source:: CNBC.Com

11 lucrative credit card deals you can get when opening a new card in December — including a 200,000-mile bonus

The Insider Picks team writes about stuff we think you’ll like. Business Insider and The Points Guy Affiliate Network receive a commission from card issuers if you apply through these links and are approved. The fastest way to earn credit card rewards and frequent flyer […]

AmEx Platinum cardholders can potentially get the $200 airline fee credit twice in their first year — here’s how

The Insider Picks team writes about stuff we think you’ll like. Business Insider may receive a commission from The Points Guy Affiliate Network. The Platinum Card® from American Express offers up to $200 in annual airline credits. Because the credits are tied to the calendar […]

Take Five: Feeling Fed up again? World markets themes for the week ahead

Take Five: Feeling Fed up again? World markets themes for the week ahead read more >>> Source:: EuroNews.Com

B.C. forest industry wraps Asia trade mission in China after minister pulls out

Delegates from British Columbia’s forest industry have concluded what they characterize as a successful trade mission to Asia despite tensions over the arrest of Huawei chief financial officer Meng Wanzhou in Canada. read more >>> Source:: CTVNews.Ca

5G wireless service is coming, but don’t expect it to super-charge your smartphone’s internet anytime soon

A new generation of wireless technology is coming, promising internet speeds as fast or faster than the fastest wired connections. But it could be years before the new networking is widely used or even available. That’s the assessment of Deloitte in a new report offering […]

Robinhood looks like it’s trying to game the system with its new checking account that pays 3% interest

Robinhood is trying to game the system with its new checking account that pays 3% interest, Axios’ Felix Salmon says. Robinhood says that money deposited in these accounts are guaranteed by the SIPC. But the head of the SIPC tells Axios he will not insure […]

Canada Goose delays opening of Beijing store amid growing tensions

Canada Goose has delayed opening a flagship store in Beijing as tensions grow between China and Ottawa. read more >>> Source:: CTVNews.Ca

One of the most tapped-in Apple analysts just slashed his iPhone XR sales estimates — again (AAPL)

A widely followed Taiwan-based Apple analyst just cut his estimates on the iPhone XR. Ming-Chi Kuo, analyst with TF International Securities, wrote in a note that he was cutting iPhone estimates for the first quarter of 2019, again, due in part to lower-than-expected XR demand. […]

GM working to retrain employees affected by Oshawa plant closure

General Motors of Canada says it’s working with other employers to identify jobs and targeted training programs for GM employees affected by the closure of the Oshawa Assembly plant next year. read more >>> Source:: CTVNews.Ca

Johnson & Johnson Knew About Asbestos In Baby Powder, Didn’t Report To FDA

The earliest mentions of tainted J&J talc that Reuters found come from 1957 and 1958 reports by a consulting lab. read more >>> Source:: HuffingtonPost.Com

Chuck Schumer just poked a huge hole in Trump’s logic in the government shutdown fight

President Donald Trump is demanding Democrats agree to include $5 billion in funding for a wall along the US-Mexico border. Otherwise, he said, he would be “proud” to shut down the government. But at the same time, Trump continues to insist that Mexico will pay […]

Saudi Arabia has reportedly been propping up its stock market when things go bad

The Saudi government has been propping up the stock market when negative news sends the market lower, the Wall Street Journal reported. The murder of journalist Jamal Khashoggi was one such example of final-hour buying by funds linked to the government. The October murder of […]

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, XLV, GE, PGE)

Here is what you need to know. Global markets are tumbling after weak data out of China. China’s Shanghai Composite fell 1.7% after industrial production and retail sales data out of the country showed substantial weakness. Elsewhere, Japan’s Nikkei (-2%) and Germany’s DAX (-1%) were […]

World markets fall on Brexit troubles, Chinese data

European and Asian indexes wobbled on Friday after British Prime Minister Theresa May failed to get assurances for a Brexit divorce deal at an EU summit in Brussels. China reported weaker-than-expected economic data, stirring up worries about the state of the world’s second largest economy. […]

BANK OF AMERICA: Here’s a list of our 11 favorite stocks for next year

Investors should always diversify their portfolio to reduce risk. With limited cash, one can try to bet on the bellwether stocks in each industry. Bank of America Merrill Lynch has published a list of its 11 favorite stocks for next year — one S&P 500 […]

The inside story of how short seller Carson Block made a killing this year, even as the market made life miserable for many investors

Short seller Carson Block, founder of Muddy Waters Capital, says he’s managed to dodge the wild ride in equity markets that have put many of his hedge fund peers in the red. “We’re happy with how things have gone this year,” he said in an […]

Asian shares jolted by weak Chinese data, growth risks

Asian shares jolted by weak Chinese data, growth risks read more >>> Source:: EuroNews.Com

Forecast: 77% of Homes Will Sell Below List Price

Home buyers may find bigger deals in the new year, and sellers may need to get more realistic about their asking price, according to a new report. read more >>> Source:: Realtor.org

Investors cut short positions on most Asian currencies; yuan bear bets at 21-month low: Poll

Short interests in the yuan were at the lowest level since March 2017. read more >>> Source:: EconomicTimes.IndiaTimes.Com

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