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 …
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 …
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 …
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 »
Negotiators from the United States and China will meet again in China this week. The talk will resume after a three-month hiatus in Shanghai, China. Expectations for an agreeable negotiation have faltered after months of hoping. Representatives of the United States are scheduled to have the two-day talk starting on July 30 (Tuesday). Last month, …
The United States and China Resume Negotiations on Tuesday Read More »
Apple and Intel agreed to sell Intel’s modem chip division Cupertino based company decided to buy Intel’s division for $1 billion. This is a huge step for Apple as the company is planning to design to enter 5G technology. It will take several to finalize all details and to receive regulatory approval. Companies expect to …
With the Trump administration preparing for re-election in the upcoming 2020 race, the United States and China trade talks struggle to come through. Just this week, United States President Donald Trump expressed his sentiments on Twitter. The US President said that the slowing economic growth of China is evidence that it is losing the trade …
The United States and China Struggle to Negotiate Read More »
On Thursday, the early signs of the U.S.-China trade war hurt corporate earnings. Wall Street stocks plunged, and Asian share markets weakened. The signs further helped reinforce robust demand for safe-haven U.S. Treasuries. The most significant one-day decrease in four months were MSCI’s broadest index of Asia-Pacific shares outside Japan, 0.3%, and Tokyo’s benchmark Nikkei …
Current Stock Market Fluctuation Plunges US Treasury Yields Read More »
Huawei and U.S. sanctions Huawei is the second-biggest smartphone maker in the world. The company had an ambitious plan to overtake Samsung, which is the number one producer. However, the trade war between the U.S. and China altered the plans for the Chinese tech giant. U.S. officials accused Huawei of intellectual property theft, cyberespionage, etc. …
On Tuesday, Larry Kudlow, the White House economic adviser, said the U.S. and Chinese trade officials held a “constructive” phone discussion regarding a new round of talks. The two largest economies in the world had a deal to wind down after a year-long trade war. Furthermore, the U.S. Trade Representative, Robert Lighthizer and Treasury Secretary, …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDNOK The pair is trading up in recent days, with the daily chart showing the pair approaching and testing the 50-day moving average. The pair has been apparently bullish in the recent week, with …
Deeper links are done by the staffs that were previously not acknowledged by the firm between Huawei and China’s military and intelligence bodies appeared. It has revealed a new investigation of CVs of the technology giant’s staff. Concluding at the paper which examines Huawei’s employment records of the staffs, it has determined that “key mid-level …
Huawei CVs Display Contact with Chinese Military Read More »
SAMSUNG – The second-quarter operating profit of Samsung Electronics Co Ltd probably plummeted, according to company forecast. The company cited the disruptive US-China trade war as the primary reason for the plunge, with the trade dispute adversely affecting the global chip and smartphone markets. However, the company believes the figure will beat analyst expectations thanks …
On Wednesday, as initial enthusiasm over the latest U.S.-China trade truce was overtaken by fresh concerns over Washington’s threat of tariffs on additional European goods, Asian shares plunged. A day after weaker factory readings worldwide, with South Korea’s trade-reliant economy cutting its economic growth and export targets, global growth concerns also limit investor confidence. In …
Asian Shares Decline as Trade Confidence Diminishes Read More »
One of the major decisions of the G-20 summit is that American companies will be able to sell their products to Huawei. U.S. President Donald Trump changed his opinion regarding the Huawei. This decision will have a significant impact on the Chinese tech giant as they can revive their plan to become the biggest smartphone …
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