Most Americans have never tried the two best-selling beers in the world. Snow, a Chinese beer, has grown sales 573% over the past decade to become the world’s best seller, according to Bloomberg. Despite its popularity in China, Snow is only available at specialty US retailers. Another Chinese beer, Tsingtao, is ranked the second most […]
At 1:00 p.m. ET, we’ll get the latest count of US oil and gas rigs from driller Baker Hughes. Last week, the number of oil rigs fell by 8 to 660. The count of combined oil and gas rigs fell by 6 to 888. Ahead of the data, West Texas Intermediate crude oil was down […]
The impending release of Apple’s new iPhone models next quarter will guide total shipments to over 230 million units this year, with research firm Trend Force estimating a 20% increase in sales for the upcoming variant of the wildly popular flagship device. Digitmes reports the next iPhone, supposedly the iPhone 6S, will also drive sales […]
It turns out the man presiding over the implosion of one of China’s stock market darlings was on the right side of the trade. Li Hejun, the Chairman of Hanergy Thin Film Solar Group Ltd, added to a short position in his own company’s stock days before it collapsed, Bloomberg reports. “Li bought 26.4 million Hanergy […]
Analysts at Merrill Lynch have reiterated a Buy rating for Google Inc (NASDAQ:GOOGL) stock with a price target of $650, prior to the search engine giant’s two-day I/O developers conference starting May 28. The analysts expect Google to provide vital information about its Android M, updates for the Chromebook and browser, and to launch a […]
Argus Feed: May 24, 2015 2:02 am ABQJournal Online » Business » Albuquerque Journal News
FRANKFURT (Reuters) – Germany’s Porsche on Friday launched a precautionary worldwide recall of its 918 Spyder sportscar, which can cost up to 850,000 euros ($937,000), saying a carbon fibre part could damage the cooling system and needed to be checked. Porsche, part of Volkswagen , said the affected cars were made before the end of […]
Argus Feed: May 24, 2015 1:32 am ABQJournal Online » Business » Albuquerque Journal News
NECKARSULM, Germany (Reuters) – The contest for Nokia’s maps business has become a three-way race between German carmakers, a consortium including Uber and Baidu, and a third group including China’s Tencent and Navinfo, people familiar with the process said.
Boeing Co (NYSE:BA) recently announced that it will be donating its first 787 Dreamliner, launched in 2007, to an air museum located in Japan. In fiscal’14, Boeing donated its second and third 787 Dreamliners to Pima Air & Space and Seattle’s Museum. The reason Boeing is donating its first 787 Dreamliner to Japan is that […]
(Reuters) – The S&P 500 and Dow fell in early afternoon trading on Friday, retreating from recent record highs, as investors await Federal Reserve Chair Janet Yellen’s economic outlook for clues on the timing of a rate hike after new data showed a rise in inflation.
Federal Reserve chair Janet Yellen is expected to speak at the top of the hour about the US economic outlook. Yellen’s comments are set to be delivered before the Greater Providence Chamber of Commerce. In a note earlier this morning, UBS’ Art Cashin cautioned that Yellen could use the speech as a sort of trial […]
Orders of Apple Inc.’s (NASDAQ:AAPL) iconic Watch have been disappointing and even become stagnant, says online consumer spending tracker Slice Engine. Orders were brisk from the onset, far ahead of supply, and seemingly on the up. Inventory quickly sold out. Issues with the wearable’s taptic engine led people to believe a healthy supply chain was […]
Business Insider took a brief trip to Berlin as part of Socialbakers’ Engage 2015 conference to meet with a bunch of startups in the city’s thriving tech scene. Of all the companies we saw, WeltSparen (or SavingGlobal, its English-language brand) was the one that really blew our minds. It is working on a banking business […]
Facebook Inc (NASDAQ:FB) CEO Mark Zuckerberg, stated that it was his video game playing habit as a kid, that attracted him to the world of programming and believes that the same may hold true for other kids as well. The CEO of the largest social networking company held a town hall Q&A session last week, […]