Market looks for clarity on tariffs with China to figure out 2019

Market looks for clarity on tariffs with China to figure out 2019

A good part of 2019 earnings expectations could depend on a tariff deal between President Donald Trump and China’s President Xi Jinping. Now that the highly anticipated Jerome Powell speech is out of the way and the G-20 summit is gathering, the market can begin to try to decipher 2019 earnings estimates. The Powell speech on Wednesday removed some uncertainty about rate hikes, but there’s still plenty of murkiness around three other issues that will…

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US, China won’t impose additional tariffs after January 1: Report

US, China won’t impose additional tariffs after January 1: Report

Talks between Chinese President Xi Jinping and U.S. President Donald Trump may have produced an agreement in the bilateral trade feud, with both men agreeing that no additional tariffs will be imposed after January 1, Reuters reported on Saturday. Citing Chinese media, “no additional tariffs will be imposed after January 1, and negotiations between the two sides will continue,” the report said, according to state television’s English-language service. It gave no further details. As the…

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Amazon Web Services is growing faster than Salesforce

Amazon Web Services is growing faster than Salesforce

But that was then. AWS is now the profit engine behind its parent. As the company made abundantly clear at its annual re:Invent conference this week, its growth ambitions should have legacy technology vendors very much on edge. More than 50,000 attendees swarmed onto the Las Vegas Strip for five days of keynotes, breakout sessions, demos and developer training sessions. Another 100,000 streamed parts of the conference online. AWS took off in its early years…

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The top Wall Street analyst on space

The top Wall Street analyst on space

The prioritization of space among “competing economic superpowers” is a common theme according to the national security experts who Morgan Stanley talks to regularly, Jonas said. He said the space team has asked Morgan Stanley’s intelligence contacts whether the U.S. or China “is more likely to put boots on the moon the next time.” “We usually hear China,” Jonas said. Jonas laid out a thought experiment for what the U.S. response might be “if China…

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Michael Cohen asks to avoid prison after plea deal in Mueller probe

Michael Cohen asks to avoid prison after plea deal in Mueller probe

Michael Cohen, President Donald Trump’s former personal attorney who sent shock-waves through Washington this week with a guilty plea over lying to Congress about Trump’s 2016 efforts to build a tower in Russia, is hoping to avoid prison time. With a sentencing hearing looming on the horizon, Cohen’s legal team filed a memorandum Friday night in a lower Manhattan court. His team is arguing that Cohen took responsibility for his past crimes by fully cooperating…

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Amazon Arm bet could weaken Intel’s hold on data centers

Amazon Arm bet could weaken Intel’s hold on data centers

Energy-efficient processors based on the Arm architecture could be more widely deployed after Amazon Web Services’ introduction of Arm-based cloud-computing resources for developers this week. The prospect of Softbank-owned Arm growing beyond consumer devices like smartphones and becoming a force in enterprise computing represents a challenge to Intel, whose processors are widely used inside servers operating in cloud and corporate data centers. Intel’s data center group is its second-largest by revenue, making up 32% of…

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Apple Music is coming to Amazon Echo devices

Apple Music is coming to Amazon Echo devices

Apple Music is coming to Amazon’s Alexa-enabled Echo devices, Amazon said Friday, in a rare move to broaden Apple’s streaming music ecosystem. It’s an unusual move from Apple to allow a third-party voice assistant such as Alexa to control an Apple service such as Apple Music. Apple has traditionally kept its services and voice-enabled skills locked into its own hardware and has kept rival services such as Spotify and Amazon’s music streaming service at arm’s…

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Russians at G-20 tease Trump for canceling Putin meet, blame US politics

Russians at G-20 tease Trump for canceling Putin meet, blame US politics

Rudy Giuliani, the president’s attorney, said in a statement following the plea that it was “hardly coincidental” that Mueller brought the charge “just as the President is leaving for a meeting with world leaders.” White House Press Secretary Sarah Huckabee Sanders said that Mueller’s probe “probably does undermine our relationship with Russia.” But, she said, the “reason for our canceled meeting is Ukraine.” “I think that likely President Trump and his advisors realized that meeting…

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Microsoft ends trading ahead of Apple by market cap

Microsoft ends trading ahead of Apple by market cap

Microsoft is now the most valuable publicly traded company in the world, surpassing Apple for the title. Microsoft’s market cap was above Apple’s at the close of trading Friday. Microsoft surpassed Apple periodically throughout the week during intraday trading, but Apple consistently beat out Microsoft in market valuation at market close. At Friday’s close, Microsoft held an implied market valuation of $851.2 billion at $110.89 per share, based on an outstanding share count of 7,676,218,736…

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George HW Bush quotations

George HW Bush quotations

“I will never apologize for the United States — I don’t care what the facts are. … I’m not an apologize-for-America kind of guy.” —comments during an Aug. 2, 1988, campaign stop about the USS Vincennes’ mistakenly downing a commercial Iran Air flight, killing 290 civilians. “America is never wholly herself unless she is engaged in high moral principle. We as a people have such a purpose today. It is to make kinder the face…

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California Gov.-elect Newsom dives into immigration, border issues

California Gov.-elect Newsom dives into immigration, border issues

California Gov.-elect Gavin Newsom is scheduled to attend the inauguration Saturday of Mexico’s incoming president, Andres Manuel Lopez Obrador, and plans to discuss the caravan of Central American migrants at the border. Newsom is part of a larger California delegation of elected officials and business leaders from the state attending the swearing in ceremony of Mexico’s new president. The trip, coming just over a month before Newsom takes the reins of California government, underscores how…

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Former President George HW Bush dead at age 94

Former President George HW Bush dead at age 94

Five months after Bush’s inauguration, he was confronted with China’s suppression of the pro-democracy movement — its bloody crackdown on demonstrators in Beijing’s Tiananmen Square. Although hundreds of demonstrators were killed, Bush responded with only limited sanctions. In another five months, the Berlin Wall collapsed, on Nov. 9, 1989 — 28 years after it was erected. Bush greeted the historic event with a reactive response rather than with great enthusiasm. “Of course, I welcome the…

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Bustle buys Mic; Quip raises cash; Qualcomm fund closes

Bustle buys Mic; Quip raises cash; Qualcomm fund closes

Roam Robotics announced $12 million in Series A funding, led by Yamaha Motor Co. The company says it builds “robotic exoskeletons to enhance strength, speed and endurance for everyday people as they live, work and play.” Boost VC, Menlo Ventures and Venture Investment Associates also participated in the round. Tock, a global platform for restaurant and winery reservations, raised $9.5 million in a round led by Valor Equity Partners and Origin Ventures. The start-up manages…

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Nuclear treaty hangs in the balance

Nuclear treaty hangs in the balance

WASHINGTON — As U.S. President Donald Trump and Russian President Vladimir Putin tease on whether or not they will meet at the annual G-20 summit, a crucial nuclear weapons treaty between the world’s two greatest nuclear powers hangs in the balance. Last month, Trump announced his decision to withdraw from the Intermediate-Range Nuclear Forces, or INF, Treaty, an agreement that eliminated an entire class of nuclear weapons from U.S. and Russian arsenals. Russia, Trump says,…

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Juul e-cigarette maker weighs investment from Marlboro maker Altria

Juul e-cigarette maker weighs investment from Marlboro maker Altria

On its own, Juul has made a number of missteps. It tried to roll out a Juul-sponsored e-cigarette lesson plan in schools that critics have said is right out of Big Tobacco’s playbook. In this instance, Juul’s Gould told The New York Times the company wasn’t aware tobacco companies had also tried this tactic because Juul didn’t build its management around former tobacco employees. Altria has decades of experience in handling regulatory and legal issues….

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