Facebook Instagram Twitter Youtube

Breaking News

iPhone sales in China drop in May after recent rebound — but Apple shows signs of resilience

5 years ago

Apple iPhone sales and shipments fell in May versus April, according to third-party data compiled by CNBC.
But other areas of the business such as spending on the company’s App Store grew, which may point to some resiliency for the U.S. technology giant in one of its biggest markets.
Apple was affected by the shutdown in China during the height of the coronavirus pandemic in the country, but it has seen a sharp rebound as the the economy has re-opened.

Major quake hits southern Mexico, triggers local Pacific tsunami

5 years ago

A powerful earthquake of magnitude 7.4 struck the coast of southern Mexico on Tuesday, killing at least one person, buckling paved roads, and setting off a tsunami in nearby Pacific coastal areas.
One person died in the state of Oaxaca, Governor Alejandro Murat said, after the quake hit the Pacific coastal state mid-morning.

Singapore heads for general election in the middle of the coronavirus pandemic

5 years ago

Singapore’s Prime Minister Lee Hsien Loong on Tuesday said he has decided to call a general election in the middle of the coronavirus outbreak.
Following Lee’s announcement, the prime minister’s office said the country’s President Halimah Yacob has dissolved parliament and that nomination day will be on June 30.
The Elections Department said Singaporean voters will head to the polls on July 10.
Speculation of a looming general election has mounted in recent weeks as the Southeast Asian country earlier this month started to lift restrictions put in place to curb the spread of the coronavirus.

There’s a wave of selling estimated to be in the billions that’s about to hit the stock market

5 years ago

The final day of June is a week away, and Wall Street is already speculating that there’s the potential some asset allocators, like pension funds, could take the big gains from the stock market and move them into bonds.
There’s a wide range of views about how much selling could hit the stock market, but some strategists say the resulting market move may not be that big after all because of prior selling and action in the derivatives market.

Hospitals set up coronavirus tents, seek emergency credit and $100 billion in US aid as they face onslaught of cases

5 years ago

U.S. hospitals are lobbying Washington for a $100 billion stabilization fund to help ramp up capacity and buy necessary supplies.
At Mount Sinai Health System’s Morningside hospital in New York City, the number of coronavirus patients at the 500-bed facility doubled in two days this week.
New York-Presbyterian Hospital warned its debt holders this week that the financial toll of its emergency response will be steep.

The EU’s massive coronavirus stimulus plan faces three crucial hurdles

5 years ago

Some nations are still against the idea of raising new debt, Karel Lannoo, chief Executive of CEPS think tank, told CNBC Monday over the phone.
A second hurdle is how to calculate the distribution of funds.
The 27 heads of state will discuss the 750 billion euro plan next week, but this is expected to be a preliminary meeting with another high-level discussion needed in the summer months.

Moving Markets
  • State Filing Number: 7590320
  • 246 5th Avenue, New York, NY 10001, United States of America.

Follow us

Facebook Instagram Twitter Youtube
Facebook
Twitter
LinkedIn

menu

Weekly Newsletter