Beijing prepares to play rough with Washington even after last week’s trade negotiations in Shanghai, China. Later after the US team went back to the US, Trump fired a series of tweets against China out of frustration. Just recently, Beijing has sacrificed the yuan for its counterattack to Washington. The Chinese currency dipped to its …
After the United States President Donald Trump said that he will give fresh tariffs to China, Beijing prepares to retaliate. Donald Trump said on August 1st that he will add 10% tariffs on a $300 million worth of Chinese goods. Trump added that the new tariffs could go beyond 25% and will be imposed on …
Chinese Government Retaliates to Trump’s Tariffs | Wibest Read More »
FINANCE – Universal Display Corporation topped Wall Street’s expectations for the second quarter. It also raised its sales guidance for the full year, further driving OLED stock higher. Universal Display is a supplier for OLED display technology and materials. For the June quarter, it earned 92 cents per share, with sales of $118.2 million. That’s …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDUSD The pair was expected to bounce back from a downtrend support line, sending the pair higher towards a major resistance line. Australia had been pushing for a trilateral alliance between the country, the …
Google’s operating system is well-known around the world. Android, along with Apple’s IOS, is the major mobile operating system in the world. It means that a lot of people are familiar with the operating system. Google decided it was time to upgrade its mobile app designed for car owners. Android Auto is a mobile app …
STOCK REPORT – Qualcomm failed to meet expectations with its latest financial report. Qualcomm, a US chipmaker, reported that its June revenue fell 13% on year-on-year basis. Its net income was 34% lower. Afterwards, it provided guidance for September that also missed expectations. According to the company, the “slower demand for 4G devices as the …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. CADJPY The pair was expected to drop after it failed to breakout from 200 MA, sending the pair lower towards a major support line. Canada’s economy was able to dodge pressure from the United …
Several days we tried to guess what would be the main topic for the upcoming event. Apple addressed this and other questions during an earnings call with analysts on July 30. The company released the financial results for the third quarter. One of the biggest changes is that the iPhone is longer the main source …
Crude oil prices inched up after the report from the weekly US stockpile was released. The data showed a drop far more than what analysts expected. The US West Texas Intermediate crude oil futures rose 1.05 percent or 0.61 points in Wednesday’s trading sessions. A barrel of the US crude currently sells at 58.60 US …
Crude Oil Gains After the Weekly US Inventory Data | Wibest Read More »
Representatives from the United States and China are resuming trade talks regarding the prolonged tariff dispute between the two. The US officials personally traveled to Shanghai, China to meet Chinese representatives. The decision to fly to China came after a positive trade talk over the phone by the representatives. The delegates from the United States …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDHUF The pair is trading higher in recent weeks, although today it experienced a pullback that erased its previous gains in the previous trading session. It is trading above both the 50- and 200-day …
Huawei continues to grow despite the problems connected with U.S. sanctions. During the first half of 2019, the Chinese tech giant sold more than 118 million phones. It means that the company managed to improve the results as sales of smartphones increased by 34%, which is a good result. It is an interesting fact that …
Spot gold prices are reaching year record levels in today’s trading as the market braces itself for the Fed’s rate cut. Other safe haven assets inch up just a few hours before the prospects of the first Fed rate cut in over ten years. The XAU/USD exchange pair edges 0.16 percent or 2.29 points, it …
Spot Gold Prices Inch Up as Traders Focus on Fed | Wibest Read More »
China’s Huawei Technologies reported its earnings for the first half of the year. Its revenue grew 23% in the first half, much faster than a year ago. The growth comes amid a US campaign against the company. One may easily remember it has suffered from a ban in mid-May. For the first half, revenue reached …
Huawei Earnings Beat, Revenue Up Despite Sanctions Read More »
The United Kingdom’s new Prime Minister, Boris Johnson, will press the European Union in the coming weeks for a better Brexit deal. According to a report, his office said that even though he will push the bloc, he is also preparing in case he fails. Impending fears of a harsh Brexit scenario further weighed on …
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