Finance

China's GDP growth at 6.1%, lowest in 29 years

China's economy grew by 6.1 per cent last year, the lowest growth rate in 29 years, the National Bureau of Statistics said on Friday, as weak domestic demand ...


China's economy expands 6.1 pct in 2019

Beijing's trade spat with the United States , stuttering global growth and weakening domestic demand combined in its joint-worst slowdown in seven years. Real...


Bitcoin hits a two-month high as the price trades above $8,500

CME Group , a US-based derivatives exchange, has kicked off trading for its Bitcoin option by beating its rival, the Intercontinental Exchange-owned Bakkt . ...


Amazon plans $1bn investment in India despite trader backlash

Amazon founder and CEO Jeff Bezos has been rubbing shoulders with some of India's top entertainers during a trip to the country this week. India's Commerce ...


China Boosts US Purchases in Phase 1 of New Trade Deal

US President Donald Trump hailed the deal as a breakthrough and a momentous step towards future trade that will be fair and reciprocal. But, Trump noted t...


Visa buys financial technology company Plaid for $5.3B

Bankers refer to companies like Plaid as "the plumbing" behind how these apps work. Connectivity between financial institutions and developers has become incr...


US Stocks end mixed on profit booking

With the S&P 500 at record levels, equivalent to around 18 times expected earnings, algorithmic traders and human investors interpreted the Bloomberg report as ...


U.S. Economy Added 145000 Jobs in December

There is one serious feat, considering that the recession is now a decade in the past. That's according to the Wall Street Journal , which said the last time...


Oil decline continues as US - Iran tensions abate and supply increases

The global crude benchmark traded at a $6.04 premium to West Texas Intermediate (WTI) for the same month. On the demand side, the USA and China are set to...


China auto sales declined 8.2% in 2019

Total vehicle sales, including trucks and buses, was off 8.2 percent at 25.8 million. Last year, Ford overhauled its management team under Mr. Chen-who was appo...


Newspaper: US, China agree to semi-annual talks

The greenback has surged 2.2 per cent versus the safe-haven Japanese currency since the middle of last week, as fears of a major military confrontation between ...


BoyleSports takes punt on 33 William Hill stores in NI deal

BOYLESPORTS have agreed to buy 33 betting shops in the north from William Hill for an undisclosed sum. She will be joining Elementis Materials Technology. ...


General Motors employees caught racing in Corvettes, police say

The Kentucky State Trooper says three Corvettes turn on Scottsville Road onto Ken Bale Blvd and accelerate heavily. That doesn't quite tell the full story, ho...


Amazon dismisses employees for filtering email addresses and customer phone numbers

If reading that gives you some serious déjà vu, it's probably because the same damn thing happened less than six months ago. Following the launch of allegat...


Takeaway Seals Victory in $8-Billion Just Eat Bidding War

Just Eat shareholders have approved a £6bn merger with Takeaway.com following a months-long battle in which the Dutch delivery firm outflanked a rival bidder. ...


Dow, S&P, Nasdaq Close at Fresh Records

All three major indices were around or above their all-time closing highs as investors became more confident the fight between Teheran and Washington after the ...


Canada 'temporarily' moving troops out of Iraq

The initial outlook, he said, was "So far, so good!" He further said that he will be making a statement on Wednesday evening. He was buried in the "martyrs se...


US economy adds 145,000 jobs in final report of 2019

Economists expected the number to hit 160,000, still far below November's 256,000, which was driven by workers returning from a 40-day General Motors strike. Wa...


GM to release an electric Hummer pickup, per report

Bloomberg first reported in June that GM was mulling the Hummer brand's return as a line of electric vehicles . General Motors (GM) has bought airtime ...


Ga. man breaks into Taco Bell, cooks and takes nap

Ironically, as some USA fast-food chains vie for managerial staff with more competitive salaries, the industry writ large has resisted efforts in Congress to in...


Zuckerberg takes long view on new year's resolutions

San Francisco, Jan 11 (SocialNews.XYZ) Facebook CEO Mark Zuckerberg has called for new ways for communities to govern themselves and legitimate regulation ...


Asian shares erase losses as Mideast tensions ease, oil ticks up

For a week that began with traders causing crude prices to skyrocket due to fears of all-out war between the USA and Iran, all it took on Friday was two-day old...


Tesla's market value zooms past that of GM and Ford - combined

Tesla is storming into China with prices that aren't much higher than those local manufacturers such as NIO Inc. and Xpeng Motors, while undercutting global gi...


Trump says Soleimani was likely planning attack on 4 United States embassies

Fearing nuclear proliferation as well as an open conflict between Iran and the United States, the ministers, joined by NATO Secretary-General Jens Stoltenberg, ...


Fed's Kashkari says rates will be on pause for 'foreseeable' future

The Fed cut interest rates three times a year ago but signaled at its last meeting that it expected to keep rates on hold for the foreseeable future unless ther...


Uber Tweaks App in California to Comply With New State Law

Assorted independent workers have banded together to try to argue for exemptions from the law . (This change seems geared toward getting around the part of AB-...


Lebanon Slaps Carlos Ghosn With Travel Ban

Tokyo prosecutors this week obtained an arrest warrant for Ghosn's wife Carole, 53, for alleged perjury when she appeared in court past year in connection with ...


Amazon's Ring Fires 4 for Snooping on Users

It is nearly like having a prying eye in your home. On Monday, in an announcement timed to coincide with the massive CES technology trade show, Ring announced...


Pete Buttigieg surges and Elizabeth Warren crashes in New Hampshire poll

The New Hampshire primary is a week later on February 11. "Former Chicago Mayor Rahm Emanuel, previously a senior aide to President Barack Obama, warned Democ...


TiKTok vulnerabilities could allow hackers access to personal data

TikTok , the Chinese-based app that has been the subject of national security inquiries in the USA, had a vulnerability that could have allowed attackers to hac...


Iran was plotting attack on four US embassies before Soleimani killing

Iran this week launched the strikes in retaliation for the USA drone strike that killed Revolutionary Guard Gen. Qassem Soleimani , the country's most powerful...


US Stocks Hit Record Highs Amid Perceived De-Escalation of Iran Conflict

Shares of major defense industry players such as General Dynamics, Lockheed Martin and Northrop Grumman have risen an average of 6% this year as the conflict ha...


Gold (XAU) Price Surge as Iran Attacks US Bases in Iraq

Gold had risen as much as 2.4% early on Wednesday to break above the key $1,600 level after Iran's retaliatory attacks on military bases housing US troops in Ir...


China's economy czar going to Washington to sign trade deal

US Trade Representative Robert Lighthizer has said he expects the 86-page document will be publicly released after it is signed. Trump said last week that he ...


Gold price nears highest level in years as investors take fright

Hopes grew the United States would stop short of strong retaliation after U.S. President Donald Trump tweeted "All is well!", and "So far, so good!". OPEC is ...


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