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Business Maverick: Friday, May 17: Five Things You Need to Know to Start Your DayThe Trump administration’s Huawei ban opens a new front with China. U.S. equities extended their rally for a third day, with Asia stocks poised to follow. Here are some of the things people in markets are talking about today.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Wednesday May 15: Five Things You Need to Know to Start Your DayStocks in the U.S. soared as traders embraced a more hopeful trade outcome. President Trump called on the Federal Reserve to match China’s countermoves, while the Global Times called the trade dispute a “people’s war.” And as tensions flare in Iran, Trump denied he’s preparing troops but promises lots of them if needed. Here are some of the things people in markets are talking about today
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: May to Bring Brexit Deal Back to Parliament at Start of JuneTheresa May set a date for her final Brexit showdown, promising to bring her deal back to Parliament at the start of June. Talks with the opposition Labour Party haven’t yielded an agreement, but she’s hoping members of Parliament, stung by voter revolts, will back her in order to end the process that’s tearing both main parties apart.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Tuesday May 14, Five Things You Need to Know to Start Your DayU.S. stocks plunged after China hit back at Trump, and Asian futures indicate the selloff is far from over. Uber’s skid continues and in the Philippines, Duterte’s allies lead the Senate vote. Here are some of the things people in markets are talking about today.
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Business Maverick: Thursday May 16: Five Things You Need to Know to Start Your DayTrump s geared down the trade war with Japan and the EU, giving U.S. stocks a welcome boost. And Alibaba posted a 33% jump in sales. Here are some of the things people in markets are talking about today.
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BUSINESS MAVERICK: Investec results: More about the journey than the momentFor Investec, 2018 was an epochal year. Not only did its management team hand over the reins after four decades of hands-on leadership, but the group decided to unbundle its asset management business. Recent results suggest the journey is well underway.
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Business Maverick: What to Watch as Nigeria’s Divisive Central Banker Gets New TermGodwin Emefiele looks set to get a second term as Nigeria’s central bank governor, which would make him the first person to do so in the 20 years since Africa’s biggest oil producer ended military rule.
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Business Maverick: Uber’s skid: Another perspectiveRide-sharing mega-giant Uber’s listing has been something of a calamity, and the conventional wisdom is that the New York Stock Exchange listing on Friday was infected by its rival Lyft and the market turmoil caused by the US-China trade war. But what if those are not the reasons at all? Consider this for an alternative perspective: Uber is two contradictory things simultaneously – definitely the future, and also uninvestable. Is that even possible? Read on.
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BUSINESS MAVERICK: Jumia shrugs off short-seller reportShares in e-commerce company Jumia, otherwise dubbed Africa’s Amazon, have plateaued after a week that saw the share price plunge after the publication of a report from short-seller Citron Research that suggested the company was not what it appeared to be.
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Business Maverick: Tesla Fires Sound Alarms About Electric-Car Battery SafetyElectric vehicles may be less prone to catch fire than gas guzzlers, but recent blazes involving Tesla Inc. and NIO Inc. cars in Greater China are prompting the industry to take steps to alleviate concerns from potential customers.
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Business Maverick: Trump Warns China to Act on U.S. Trade Deal or Face Worse TermsPresident Donald Trump said it would be wise for China to “act now” to finish a trade deal with the U.S., warning that “far worse” terms would be on offer for them after what he predicted would be his certain re-election in 2020.
Source: dailymaverick - 🏆 3. / 84 Read more »