Get Latest Business News from All Over the World 24/7 throughout the Year: July 2019

British education company Pearson Plc on Thursday said it has notified customers of a data breach that resulted in unauthorized access to about 13,000 school and university accounts, mainly in the United States.

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State AGs fighting T-Mobile, Sprint merger request new trial date in December

An attorney for a group of 13 state attorneys general who filed a lawsuit in hopes of stopping T-Mobile U.S. Inc's $26 billion merger with Sprint Corp has requested a new trial date for the case.

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Oil drops as Fed signals rate cuts may be limited

Oil prices fell more than $1 on Thursday, declining for the first time in six days, after the U.S. Federal Reserve dampened hopes for a string of rate cuts and Sino-U.S. trade talks ended without progress.

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Thursday: Unemployment Claims, ISM Mfg Index, Construction Spending

Thursday:
• At 8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 213 thousand initial claims, up from 206 thousand last week.

• At 10:00 AM: ISM Manufacturing Index for July. The consensus is for the ISM to be at 51.9, up from 51.7 in June. The employment index was at 54.5 in June, and the new orders index was at 50.0%.

• At 10:00 AM: Construction Spending for June. The consensus is for a 0.4% increase in construction spending.

from Calculated Risk https://ift.tt/2YCEmbr

Thursday: Unemployment Claims, ISM Mfg Index, Construction Spending

Asian shares falter, dollar jumps as Powell dampens hopes for more rate cuts

Asian shares fell to six-week lows on Thursday and the dollar rose after the U.S. Federal Reserve delivered a 25-basis-point rate cut as expected but poured cold water on market expectations of a lengthy easing cycle.

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Australia's Qantas says it will not trim Alliance stake despite competition concerns

Australian flag carrier Qantas Airways Ltd said it had no plan to cut its stake in Alliance Airlines, after the competition regulator raised concerns over its acquisition of 19.9% in its rival.

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Powell fails to bend yield curve to his will

Recession indicator flashes red after Federal Reserve cuts rates by quarter point

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State AGs fighting T-Mobile, Sprint merger request new trial date in Dec

An attorney for the state attorneys general who filed a lawsuit in hopes of stopping T-Mobile U.S. Inc's $26 billion merger with Sprint Corp has requested a new trial date for the case.

from Reuters: Business News https://ift.tt/2YtNfQA

Beyond Meat's secondary stock offering priced at $160 per share

Meat alternatives company Beyond Meat Inc said on Wednesday a secondary offering of 3.25 million new shares would be priced at $160 per share, an 18.6% discount to the stock's closing price.

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Brazil's Vale dam disasters trigger $2 billion in fresh writedowns

Brazilian miner Vale SA on Wednesday said it swung to a quarterly loss as the company announced more than $2 billion in fresh writedowns related to two deadly dam bursts suffered by the company over a period of less than four years.

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Qualcomm’s gloomy outlook sends shares sliding

US chipmaker sees weakness in China and poor smartphone demand

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Tuesday, 30 July 2019

Wednesday: FOMC Announcement, ADP Employment, Chicago PMI

Wednesday:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.

• At 8:15 AM, The ADP Employment Report for July. This report is for private payrolls only (no government). The consensus is for 155,000 payroll jobs added in July, up from 102,000 added in June.

• At 9:45 AM, Chicago Purchasing Managers Index for July.

• At 2:00 PM, FOMC Meeting Announcement. The Fed is expected to announce a 25bps cut to the Fed Funds rate at this meeting.

• At 2:30 PM, Fed Chair Jerome Powell holds a press briefing following the FOMC announcement.

from Calculated Risk https://ift.tt/2Ot8FO3

Asian shares on defensive, pound at 28-month low on hard Brexit fears

Asian shares weakened in early trade on Wednesday, rattled by fresh trade war concerns following threats from President Donald Trump to Beijing, while increasing worries about a no-deal Brexit kept the pound under pressure.

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Wednesday: FOMC Announcement, ADP Employment, Chicago PMI

Five things to watch in the Fed decision

Jay Powell is expected to deliver the first interest rate cut of his tenure at the central bank

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Soccer Pay Dispute

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Trump Lashes Out at China 'Rip Off' as Trade Talks Resume

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Ivory Coast, Ghana pricing agreement causing a 'spike in cocoa cost' - Mondelez

A new cocoa pricing mechanism announced by top growers Ivory Coast and Ghana earlier this month is causing cocoa costs to rise, a Mondelez International Inc executive said on an earnings call with analysts on Tuesday.

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'Bloomberg Daybreak: Australia' Full Show (07/31/2019)

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Senator's Bill Would Ban YouTube, Facebook Scrolls as Addictive

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Calgary City Council Says Yes to C$550 Million Flames Arena

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Both Sides Think They Have Upper Hand on Trade (Radio)

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Huawei’s Sales Jump Despite Trump’s Blacklisting

Executives at the Chinese tech giant sounded exuberant about the firm’s ability to thrive, even if it ends up fully cut off from American technology.

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New Trump Trade Aid Tilts Toward Corn and Cotton, Analysis Finds

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All Roads Lead Back to The Fed (Radio)

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Samsung Electronics looks to chip recovery as second-quarter profit falls 56%

Samsung Electronics Co Ltd posted a 56% drop in second-quarter operating profit on Wednesday, hit by declines in memory chip prices amid oversupply.

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Apple's services, wearables shore up results as iPhone drops below half of sales

Apple Inc iPhone sales dropped to less than half of quarterly revenue for the first time in seven years, but CEO Tim Cook on Tuesday described the change as successfully diversifying away from a single product and forecast results above Wall Street targets.

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