Bitcoin plunges as Congress expresses disdain in Facebook, US weighs in on Japan-SKorea dispute, and Von Der Leyen new EC Chief.
Two firms publishing their quarterly earnings today have been badly flounced in the past by the competition; both have managed to come back fighting! Netflix shares have managed to recover their post-Disney blues, and Microsoft is riding the cloud to places that Apple & Google can only dream of. Find out more.
Alibaba to split stocks 8:1 ahead of HK IPO, US budget – $1tn deficit , Johnson & Hunt – no to backstop, and FB: no Libra without US approval.
J&J hit by asbestos-in-talc allegations, citi today, Amex, Goldman, Morgan & J&J tomorrow, also Bitcoin loses ground, & China stimulus seeing results.
Chinese PM Li Keqiang is a lawyer with a PhD in Economics. Will his policies prove to be a blessing or a bane?
Powell adds to rate cut consensus, urges Facebook to quit Libra. Also, S.Korea asks US to help against japan. Hamond: France to harm post-Brexit UK exports.
API reports 8 million barrel withdrawal, UK Brexit Sec says no-deal consequences worse for Ireland, S. Korea/ Japan tensions rise, and Nasdaq up on FANGs.
This year’s 1st quarter was good to the Brits – GDP grew by 0.5%, which was better than the previous year’s 0.2%. Year-on-year, 2019 is up 1.8% versus 2018’s 1.4. And still, Deutsche Bank last week cut Britain’s growth outlook from 1.5% to 1.2. The largest threat to the UK well-being is housing and employment….
US Trade Commission accuses China & Mexico of unfair steel subsidies, Apple drags Nasdaq down, and Lam – Extradition bill is dead.
Shares up 5% as restructuring begins, also UK ambassador calls Trump dysfunctional, lawmakers demand FB quit Libra, & Boeing losing orders by the billions.