GLOBAL NEWS

Warren Buffett: IBM Is Flawed, Google Is a Missed Opportunity

Warren Buffett, the world-famous American business investor who had avoided the tech stocks because of his disastrous investment on IBM, said that wagers should not be discouraged about his mistake on the industry. Last Saturday, Buffett spoke in the International Business...

Bond Earnings Ignore Commodity Drop Over Jobs: Markets Wrap

NEW YORK, NY – Earnings from Australian bond has increased and tracking U.S. Treasuries ignores slide in oil and commodities which elevated doubts about the global reflation considering that the country’s stocks have declined. The higher yields in Macquarie Group Ltd. which...

Eurozone’s Strong Start Beats the US Economy

BRUSSELS – The European economy surpasses that of the United States’ with their strong start this year. Analysts expect that this would continue throughout the year which was shown on the projections last Wednesday. The growth of economy could help reduce the power of the...

Decline in Copper Drops U.S. Stocks; Fed Lifts Greenback

LONDON – As the dollar rises with the Treasury’s earnings when the Feds stated that the recent economic slowdown is nothing to worry about, U.S. stocks dropped down. Meanwhile, copper got an all-time low in the last 7 years. Nasdaq 100 Index drew back with lesser limits....

Federal Reserve to Keep Interest Rates Steady Until June

NEW YORK – Interest rates will remain steady as the Federal Reserve is likely to hold it at the meeting in the following days. It needs to analyze more economic information but is expected to hike rates in the month of June. The policy decision of central bank will be...

How Do Trump’s Tweets Affect Trade?

LONDON – Trump is literally moving the market through his comments on Twitter. So, when he uses those 140 characters, currency traders should really watch out. This is an observation from a Deutsche Bank AG study on the effects of Trump’s infamous Twitter rants on the rate...

Melco CEO Sees a Rebound on Macau’s Gaming Industry

MACAU, China – According to Lawrence Ho, chairman of the Melco Resort and Entertainment Ltd., it is only a matter of five years before the biggest gaming center will be back on top. The billionaire Ho is eyeing Japan as a likely spot to build a casino. He is very adamant to...

Wal Mart’s Strong Earnings Pushed Global Shares to Record Highs

NEW YORK, New York – Stocks in the United States touched new record highs on Tuesday. This was boosted by strong earnings reports from Wal-Mart and other retailers including Home Depot. The surge was also driven by the continued optimism on Trump administration’s economic...

Global Stocks Touched New Highs on Strong Company Earnings

NEW YORK CITY, New York – Global stocks felt a surge in stock prices on Tuesday. Euro zone business activities climbed to a high in six years. U.S. dollar gained after aggressive statements from the Federal Reserve officials. The recharged possibility of a U.S. interest...

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