Keith Ray

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China just delivered another dire batch of economic data

Manufacturing and services PMIs missed to the downside, trade data underwhelmed while bank lending, after jumping spectacularly in January, decelerated sharply.<p>Now you can add industrial output and retail sales to that list: they were horrible.<p>Over January and February, industrial output grew by …

Economic Data

A single chart illustrates why Goldman Sachs' Jan Hatzius isn't too worried about China yet

As the world's second largest economy decelerates to its slowest pace in 25 years, the rest of the world is left wondering how it affects them.<p>In a note to clients late Friday, Goldman Sachs Chief Economist Jan Hatzius argues that incremental deterioration in China should have littel impact on the …

The 5 Stocks You Should Buy This Week: Amazon, Facebook, Netflix, Google, Apple

Stocks are starting 2016 horribly. To put it mildly. From a Dow (DJIA or Dow Jones Industrial Average) at 18,000 in early November values of leading companies have fallen to under 16,000 – a decline of over 11%. Worse, in many regards, has been the free-fall of 2016, with the Dow falling from …

Investing

Google found some disturbing things in one of Samsung's best phones

Google decided to look for security vulnerabilities to see how devices made outside of the company fare security-wise, Google wrote in a blog post.<p>The majority of Android devices are made by Original Equipment Manufacturers or OEMs, which introduce additional code into Android devices that could be …

Apple says IBM is saving $270 for every Mac it uses instead of a Windows PC

During its quarterly earnings call on Tuesday, Apple CFO Luca Maestri pointed out that IBM has been saving roughly $270 on each MacBook its employees use instead of a traditional PC, largely due to lower IT support costs and better residual value.<p>He also said IBM now has over 30,000 MacBooks …

IBM

Apple Watch is killing Swiss watches faster than expected

The third-quarter figures are in for the Swiss watch industry, and it’s not good news. Exports slid 8.5 percent over the past three months, continuing a trend that has some worried that newer tech like the Apple Watch might be affecting demand for traditional timepieces.<p>Analysts are citing falling …

Smartwatches

Car buying fuels bump in September retail sales

Netflix has blamed poor US growth on those new credit cards with chips

In a letter to shareholders, Netflix said its forecast for the third quarter was off due to higher-than-expected "involuntary churn" because of the transition in the US to a different credit-card technology.<p>According to Netflix, those new credit cards often have a new number or expiration date, …

The big Starbucks deal was a disaster for Square

Originally, Starbucks wanted to add mobile ordering to its smartphone app portfolio, and tapped Square for its expertise.<p>And on the backend, every card swipe at Starbucks was processed by Square, which the coffee chain claimed was a huge cost savings versus its existing partnership with Bank of …

The world will come crashing down (again): Inside the global debt crisis that America is about to import

Trillions of dollars of investment in emerging markets has been fueled by cheap credit — and the bill’s coming due<p>Even as tens of millions of Americans continue to still struggle to recover from the Great Recession, there are signs that the roller coaster global economy is about to take us on …

Apple loses patent lawsuit to University of Wisconsin, faces hefty damages

NEW YORK (Reuters) - Apple Inc could be facing up to $862 million in damages after a U.S. jury on Tuesday found the iPhone maker used technology owned by the University of Wisconsin-Madison’s licensing arm without permission in chips found in many of its most popular devices.<p>An Apple logo hangs …

Patents

Twitter purging up to 336 workers as new CEO slashes costs

With PC sales slumping, Intel's betting on the cloud

Intel executives don’t foresee the slumping personal computer market recovering anytime soon or a rebound in selling the chips that power them. But …

MORGAN STANLEY: Here are 36 stocks that should thrive no matter what

But even if the markets and economy as a whole were to turn, there will continue to be growth stories here and there that'll deliver no matter what.<p>These are the secular growth stories.<p>On Tuesday, Morgan Stanley released its annual list of secular growth stocks.<p>"To build this Secular Growth Stocks …

Lower fuel prices are starting to push airfares down

Good news for airlines passengers: Carriers are finally passing on some of the savings from dramatically lower fuel prices toward fare reduction.<p>And the low fares may continue until the end of the year.<p>The average domestic airfare for September was 18% lower than during the same time last year, and …

Starbucks Will Soon Accept Apple Pay

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Apple Pay Is Coming to Starbucks, KFC and Chili's

You'll soon be able to get your daily Starbucks caffeine fix with Apple Pay.<p>Starbucks coffee shops will begin accepting Apple's mobile payment system in a pilot program in a number of stores starting this year, Jennifer Bailey, vice president of Apple Pay, said on Thursday. Starbucks will roll out …

Apple Pay

Warren Buffett and Jeremy Grantham have been warning us about this moment for years

Since the financial crisis, corporations have managed to deliver robust profit growth by offsetting the drag from weak sales growth with widening profit margins. These fatter profit margins came from cutting costs, which usually means getting more productivity out of fewer workers.<p>But with the …

People weren't supposed to be saving this much money — and now it's a problem

So, let's start with the basic premise: Consumers are not economists.<p>This means that normal people who have a job and then decide what to do with their hard-earned money often make decisions that economists don't expect.<p>The latest example is when, how much, and why people save money. In short, too …

Barclays analysts visited China and came back saying it was one of the most bearish trips they've ever taken

This relationship, however, appears to be at an end.<p>"We are just back from our annual (since 2003) trip to China, and this one definitely fits in the top-quartile of bearish field trips," Barclays Scott Davis wrote. "We suspected that our forecasts for China industrial growth (for U.S. …

Oil prices fall on slowing global economic growth outlook

By Henning Gloystein<p>SINGAPORE, Sept 28 (Reuters) – Oil prices dropped in early trading in Asia on Monday despite a fourth weekly fall in U.S. …

Oil

The iPhone 6S is as powerful as Apple's new MacBook, test claims

However, it looks like the new iPhone is also more powerful than Apple's recently unveiled 12-inch MacBook, at least according to one test.<p>Daring Fireball's John Gruber compared test results from the iPhone 6S and new MacBook to find that the results from Apple's latest iPhone were actually higher …

MacBook

Fed holds interest rates steady

Cautious<p>Federal Reserveofficials, spooked by a slowing Chinese economy and turbulent markets, delayed a long-awaited interest rate increase and, in the process, heightened the uncertainty engulfing financial and business communities worldwide.<p>Most Fed officials still see a rate increase later this …

Economy

Weak U.S. inflation complicates Fed rate decision | Reuters

WASHINGTON (Reuters) - U.S. consumer prices unexpectedly fell in August as gasoline prices resumed their decline and a strong dollar curbed the cost of other goods, pointing to tame inflation that complicates the Federal Reserve’s decision whether to hike interest rates.<p>Men unload vegetables at …

Economics

Ford, Alcoa team to add more aluminum to F-150 pickups

Ford and Alcoa are broadening their partnership through the use of a newer form of aluminum that's stronger and more easily shaped into auto body …

Alcoa

Hewlett Packard to cut up to 30,000 jobs from enterprise unit

SAN FRANCISCO — Hewlett Packard said Tuesday afternoon that 25,000 to 30,000 people will leave the enterprise division as part of a planned spinoff.<p>The cuts, meant to cut $2.7 billion in annual costs, represent about 10% of the company's total workforce of 302,000 employees.<p>Meg Whitman, H-P CEO, is …

IT

EX-NYSE CEO: The stock market is not fair

Grasso, who led the "Big Board" from 1995 to 2003, said in an interview to be broadcast on Sunday that the market chaos of August shows flaws in the stock market, according to Bradley Hope at The Wall Street Journal.<p>He said in the interview, to be broadcast on "Wall Street Week," that: "A fast …

Asia stocks mostly higher on Wall Street tail wind

Asian stock markets mostly rose Friday, propelled by a tail wind from Wall Street and glimmers of improvement in some economies.KEEPING SCORE: Hong …

Stock Markets