Posts For August, 2019

Twitter CEO Jack Dorsey’s account hacked

The account of Twitter Chief Executive Jack Dorsey was hacked on Friday afternoon, sending public tweets and retweets including racial slurs and curse words to 4 million followers.

Wall Street mixed ahead of holiday weekend

Wall Street showed mixed results Friday as investors were cautious ahead of a holiday weekend. Fred Katayama reports.

Source: US news


Go for high-yielding stocks this fall - Mallen

Investors should position themselves defensively in September, Helios Quantitative’s Joe Mallen tells Reuters’ Fred Katayama.

Source: US news


Ulta Beauty's ugly day

Shares of Ulta Beauty lost more than a quarter of their value after the fast-growing costmetics and skin care retailer warned sales would slow and cut its profit forecast. Fred Katayama reports.

China to exempt Tesla cars from sales tax

Shares of Tesla rallied on Friday after China announced it will exempt Tesla cars from a 10 percent sales tax.

Source: US news


Resurrected Uganda Airlines flies into crowded African skies

Uganda Airlines has taken to the skies once more after almost two decades out of action, but flies into a crowded aviation market in Africa where carriers have the weakest finances and emptiest ...

Analysts slash oil price forecasts on trade, economy fears

Analysts have slashed their oil price forecasts to the lowest in more than 16 months, citing softening global demand as an economic slowdown looms and uncertainty prevails on the U.S.-China trade front. David ...

UK business, shoppers get gloomier ahead of Brexit

In France they’re rehearsing for Brexit. In the UK, new surveys show shoppers and businesses aren’t confident about what lies ahead. Julian Satterthwaite reports.


Breakingviews TV: Lost Seoul

Samsung heir Jay Y. Lee could be headed back to jail after South Korea’s Supreme Court ruled that a bribery case against him should be reviewed anew by a lower tribunal. Robyn Mak ...

S&P slashes Argentina debt rating to junk

Standard & Poor’s announced Thursday that it was slashing Argentina’s long-term credit rating another three notches into the deepest area of junk debt. David Pollard reports.