Galins

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U.S. stocks to take their cue from fading dollar

Need a few stock trading clues for next week? Watch the U.S. dollar. Because what is bad for the buck is usually good for the stock market, according …

Baidu will soon test its self-driving cars in the US

The company plans to use autonomous vehicles commercially by 2018.<p>Chinese tech giant Baidu is planning to make self-driving cars a commercially viable option by 2018. To take another step in that direction, the company will test its autonomous vehicles on roads in the US. The plan to bring those …

Autonomous Cars

Waze update will predict traffic conditions before you leave

Waze is putting its traffic-predicting superpowers to good use.<p>The Google-owned app is adding a new feature, called planned drives, which makes it …

Waze

China says trade declines will ease after March but 2016 will be severe

BEIJING (Reuters) - Declines in China’s foreign trade will ease after March, though trade conditions are expected to be more severe this year than in 2015, a spokesman at the Commerce Ministry said on Wednesday,<p>A crane lifts a shipping container from a truck to load it onto a ship at a port in …

McKesson Plans Big Job Cuts To Trim Costs

(Reuters) – U.S. drug distributor McKesson Corp said on Wednesday it cut 1,600 jobs, or about 4% of its U.S. workforce, to slash costs after the …

LivingSocial Lays Off More than Half Its Employees

The daily-deals market is crumbling.<p>Embattled deals start-up LivingSocial is laying off around 280 employees, or more than 50 percent of its staff, Re/code reports. In addition, the daily-deals service will be outsourcing its customer-service operations. The company will have about 200 employees …

Chinese Billionaire Guo Guangchang's Fosun Slows Down In Overseas Acquisitions

Fosun International, one of China’s largest investment firms chaired by billionaire Guo Guangchang, has been on a buying spree over the past few years including the purchase of French resort operator Club Med, but the momentum is changing.<p>Last December the conglomerate withdrew its offer for a …

Twitter Execs Buy Up Millions Worth of Company Stock

It's the same confidence play JPMorgan’s C.E.O. made last week.<p>Twitter has been on the defensive, protecting itself against naysayers who question its room to expand and critique its plans to get there. But executives are just now starting to play offense.<p>The social network’s C.F.O., <b>Anthony Noto,</b> …

These 9 charts tell the definitive story of the US labor market

The US labor market does not indicate that economic activity is about to collapse.<p>On Friday, the January jobs report showed that the unemployment rate fell to 4.9%, the lowest since February 2008, while the economy added 151,000 jobs.<p>We also saw wage growth rise to a post-crisis high as average …

Deutsche Bank

Google's Alphabet overtakes Apple as world's most valuable company

Alphabet’s shares rose by 4.7% following better than expected results, amid concerns that Apple has yet to come up with another blockbuster product<p>Alphabet, Google’s parent company, pipped Apple to become the world’s most valuable company on Tuesday, ending the iPhone company’s four-year …

Apple

Global factories parched for demand, need stimulus

LONDON/SYDNEY (Reuters) - January surveys of global factory activity released on Monday showed the new year began much as the old one ended, with too much capacity chasing too little demand.<p>Global manufacturing expansion accelerated slightly but remained weak at the start of 2016 as faster growth …

Silicon Valley braces itself for a fall: 'There'll be a lot of blood'

Wannabe entrepreneurs are still piling in to San Francisco, but there’s a sense that time is running out on the exuberant startup world<p>A sharply dressed French investor is leaning against a doorway, arms folded and his expression slightly bemused. Philippe Suchet is considering the latest raft of …

Silicon Valley

Google paid Apple $1 billion to be the search engine on your iPhone

The fact that Google is the default search engine on your browser is not a coincidence. It's a $1 billion deal between Google and Apple.<p>That was the …

Asian markets rally as oil prices rebound

<b>Markets in Asia have rallied, picking up on a rebound in oil prices and a strong lead from the US and Europe.</b><p>The recovery comes after a sharp sell-off earlier in the week.<p>Hints from European Central Bank on Thursday that it might consider more monetary easing helped lift investors' confidence.<p>In …

Yahoo's Mayer to Employees: No Firings...'This Week'

Yahoo CEO Marissa Mayer has no future in comedy.<p>During her company’s weekly “Friday FYI” meeting on Jan. 8, Mayer joked that she wasn’t going to lay …

Technology could kill 5 million jobs by 2020

Five million jobs in the world's leading economies could disappear over the next five years because of advances in technology.<p>Developments in artificial intelligence, robotics, and biotechnology, would disrupt the business world in a similar way to previous industrial revolutions, the World …

World Economic Forum

If you're selling stocks because of oil, the worst is probably over

Just short of calling a bottom in oil, Deutsche Bank's Torsten Sløk argued in a client note Thursday that the impact of the crash on the economy cannot get much worse than its been over the last year.<p>As we recently noted, it's unlikely that anyone would give away oil for free.<p>And since oil is now …

Stock Markets

Dow trims losses, sheds 276 after earlier freefall

Stocks around the world plunged on the first trading day of 2016, with the Dow diving 470 points in intraday trading before moderating its losses amid fresh signs of slowing growth in China, the world's second-biggest economy.<p>The Dow Jones industrial average ended down 1.6% or 276 points to …

China Worries Send U.S. Stocks Tumbling; Dow Down 1.58 Percent

Markets<p>New data on Chinese factory activity sent a wave of financial concern across the Pacific Monday on the first day of stock trading in the new year, sending major U.S. indices sharply lower. The Dow Jones industrial average closed down 276 points, or nearly 1.6 percent of its total value.<p>All …

China’s makeshift hoverboard industry is imploding after Amazon’s safety crackdown

Chinese companies that helped fuel the global hoverboard craze are unraveling rapidly, after Western retailers like Amazon demanded new safety and legality standards earlier this month. Some are so upset by Amazon’s actions they plan to protest outside Amazon’s Guangzhou office later today (Dec. …

Anyone taking Social Security for the first time in 2016 needs to know these things

<b>How to apply for Social Security benefits</b> <br>You can file an application for Social Security retirement benefits once you reach the age of 61 years and nine months. The Social Security Administration recommends that you apply three months before you want your benefits to start in order to provide …

Inflation will be the biggest economic story in 2016

The year 2016 will be all about inflation.<p>When the Federal Reserve raised interest rates on December 16 it did so with inflation running below its 2% target.<p>The latest "core" personal-consumption-expenditures reading, which excludes the more volatile costs of food and gas and is the Fed's preferred …

Apple's plan to take on debt to buy back stock is saving a ton of money

But reducing WACC is more of an implicit cost of capital. There's another way that Apple's debt-powered repurchase program delivers explicit cost savings.<p><b>Retiring dividend expenses</b> <br>As Apple repurchases and retires shares at an astounding rate, it no longer has to pay out the dividends for those …

Financial sector holds the key as year draws to an end

By Chuck Mikolajczak<p>As 2015 draws to a close next week, the fortunes of the final few trading days of the year may be dictated by the direction of the financial sector.<p>The financials have risen more than 6 percent this quarter, with investors expecting the sector to be one of the main beneficiaries …

Brent crude has plunged below its 2008 nadir, and worse is likely to come

Brent crude, the international oil benchmark, lost its bottom today, plunging below its 2008 nadir and threatening new fiscal pressure on OPEC and Russia. Global stock markets rose, shaking off whatever concerns caused them to plummet last week in the face of oil price declines. But Brent’s fall …

Oil

Kik Invests In Its Platform, Buys Fashion Startup Behind Popular Kik Bot

This past year something interesting happened in China. Mobile services began sprouting up without mobile apps or websites. Instead these companies — some of which even raised money without a mobile app or website — went straight to WeChat, China’s top messaging app, where they tapped into hundreds …

Luxury brands are targeting Chinese students in the United States

The strategy is paying off for some, such as the Los Angeles Beverly Center mall, which sends buses to pick up Chinese families at the University of California at Los Angeles and the University of Southern California at the beginning of the year, when parents drop off their children, and at …

About Those Rumors of Apple Supply Chain Cuts

As often happens in the anxious weeks before the end of Apple’s big holiday quarter, talk on the Street has turned to the company’s Asian supply …

Asia stocks buoyed by outlook for gradual Fed rate hikes

TOKYO (AP) — Asian stocks posted broad gains Thursday after the Federal Reserve ended protracted uncertainty in markets by raising interest rates for …