Infineon has suspended deliveries to Huawei, Nikkei Asian Review reported earlier Monday, citing two people familiar with the matter. It's unclear whether the German chipmaker would resume business with Huawei after it clarifies the legal issues this week, Nikkei cited one of the people as saying. NXP Semiconductors NV, which trades in New York and receives 1.6% of its sales from Huawei according to data compiled by Bloomberg, said it has a policy to ensure it complies with laws and trade rules.
How much you pay in property taxes often comes down to which side of a county, city or district line you're on. And if you're a homebuyer this spring, it's another important factor to consider while you house hunt. Property taxes largely fund public schools but also other local services like roads and police.
p Growth figures published at the end of May are widely expected to show that the country emerged from its first contraction in a decade in the first quarter of 2019. The bounce has been mainly driven by President Recep Tayyip Erdogan's bid to try to limit the economic pain for voters in the run-up to elections in March, via a government spending splurge and a lending spree by state-owned banks.
The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Two shareholder advisory groups, Glass Lewis and Institutional Shareholder Services, have advised investors to reject the Sorrell's S4 Capital's pay policy.
Hong Kong retiree Lee Wai-man loves pork fresh from the market but eats a lot less now that the price has jumped as China struggles with a deadly swine disease that has sent shockwaves through global meat markets. China produces and consumes two-thirds of the world's pork, but output is plunging as Beijing destroys herds and blocks shipments to stop African swine fever. Importers are filling the gap by buying pork as far away as Europe, boosting prices by up to 40% and causing shortages in other markets.
When an investment vehicle offers a high rate of return in a short period of time, investors know this means the investment is risky. Given enough time, many investments have the potential to double the initial principal amount, but many investors are instead attracted to the lure of high yields in short periods of time despite the possibility of unattractive losses. Make no mistake, there is no guaranteed way to double your money with any investment.
There are many "what ifs," but the math is still the math: if you plan on needing a lot more than $40,000 from your retirement nest egg, then the probability of a successful retirement on $1 million is not good. "If you've only saved $1 million and are withdrawing 4% or more in retirement, you are most likely tempted to expose your accounts to more risk to make up for the lack of savings. With more exposure to a volatile market, there is a greater chance your retirement accounts will incur substantial losses during market corrections," says Carlos Dias Jr., wealth manager, Excel Tax & Wealth Group, Lake Mary, Fla.
Despite the new burst of market volatility, long-time bull Edward Yardeni sees a return to all-time highs this year. And, he believes U.S. multinational companies, which are directly exposed to the trade war, will ultimately help provide the market boost. "I think it moves higher partly because there's a recognition that even companies that do business with China are going to find ways to deal with this escalating trade tension like moving some of their supply chains to other countries," said the Yardeni Research president Friday on CNBC's " Trading Nation ."
Neil Sorahan, CFO of Ryanair, says the airline is seeking compensation from Boeing over its grounded 737 Max aircraft.
For four decades, Beijing has cajoled or pressured foreign companies to hand over technology. And its trading partners say if that didn't work, China stole what it wanted. Communist leaders deflected demands for change until foreign frustration erupted into a showdown with President Donald Trump.
Mastering the skill of when to sell stocks takes time, experience and the use of good stock charts. Is there a way to take profits on a stock before it makes one more key sell signals? The short answer is yes.
The halt on China's imports of wastepaper and plastic that has disrupted U.S. recycling programs has also spurred investment in American plants that process recyclables. U.S. paper mills are expanding capacity to take advantage of a glut of cheap scrap. Some facilities that previously exported plastic or metal to China have retooled so they can process it themselves.
Recent earnings reports from Baidu Inc., Alibaba Group Holding Co. and Tencent Holdings Ltd. show what happens when management remains desperate to keep the top line climbing. China's biggest tech companies are not only battling a sustained economic slowdown, they're getting to the natural end of a decades-long expansion – fueled by the theory that if revenue grows, profit will automatically follow. Baidu is the biggest victim of this folly.
Andreas Treichl, CEO of Erste Group, discusses the impact of the Sino-US trade war on investor sentiment.
As the presidential race continues to heat up, Democratic contender and former Vice President Joe Biden has come out in support of decriminalizing cannabis — but not of full legalization. A myriad of cannabis-related bills were submitted in the House of Representatives, most of them aimed at protecting certain groups using medical marijuana, from military veterans to students. Benzinga broke this story with a write-up by Leafly's California bureau chief David Downs.
Asian shares clawed back some of last week's losses as investors cheered apparent election wins for conservative incumbents in Australia and India, while broader global trade worries eased after Washington offered to lift some tariffs in North America. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.54%, reflecting modest gains in markets across the region after the broad index finished at its lowest since Jan. 24 on Friday, down 3% for the week. However, the rally looks unlikely to extend to Europe.
Stephanie Costa was 30 and enjoying a lifestyle supported in part by six board-and-care homes she owned in California's Central Valley. Costa, who declined to be interviewed for this story, is a rare public face of a burgeoning multibillion-dollar elder care industry that is enabling operators to become wealthy by treating workers as indentured servants. Across the country, legions of these caregivers earn a pittance to tend to the elderly in residential houses refurbished as care facilities, according to an investigation by Reveal from The Center for Investigative Reporting.
Given the U.S.'s deployment earlier this month of an aircraft carrier battle group to the Persian Gulf and comments that it may send up to 120,000 troops to the Middle East to deal with any untoward action by Iran, Tehran has been busy trying to build safety buffers through its allies. Having put in place a strategy to try to exploit existing divisions between the U.S. and Europe, Iran has now reached an agreement with the Federal Government of Iraq in Baghdad to expand co-operation between the two countries in the economically vital oil sector, including, critically, the sale of Iranian oil under the guise of Iraqi oil. On the face of it, the most obvious signal of this is the plan announced by National Iranian Oil Company (NIOC) director, Ramin Gholampour Dezfouli, last week for the state oil giant to open a representative office in Baghdad.
Bread lovers who want to enjoy the “perfect” toast every morning may want this $270 toaster. Mitsubishi Electric Corp. rolled out its TO-ST1-T bread oven in Japan last month that's aimed to toast a single slice of bread to perfection. The appliance is designed to have the slice of bread taste like it's “freshly baked” each time a consumer opens the lid.
Since the last bank branch closed in Chatteris a little over a week ago, the high street post office has become a lifeline for many people in the Cambridgeshire town. “I'm taking all the risk on behalf of the banks, getting a pittance for it and the government is quite happy announcing that the Post Office is taking the slack,” he said. Mr Karia's predicament is widespread across the UK's 11,500 post office branches, most of which are run as small private businesses.
Earlier this month, my column covered bond basics – how they work and their proper purpose in a blended growth portfolio. But many see a 100% (or very heavy) bond portfolio as a set-it-and-forget-it safe income generator. You can't even get near to 8% in Greece! Its 25-year debt pays just 4.3%.
In a period of low interest rates, real estate investment trusts (REIT)—a securitized portfolio of properties—offer the income potential provided by real estate combined with the liquidity of stocks. A real estate exchange-traded fund (ETF), which holds baskets of these securities, offers an especially liquid, low-cost way to invest in the real estate asset class. With a REIT, investors buy shares and get paid dividend distributions—reaping a total return based on the amount they have invested.
In the Hamptons, the chosen summer destination for the country's elite, homes are being sold for lower prices and properties are staying on the market for months at a time, according to a report. The New York Times reported that the housing market in the coveted Long Island, N.Y., area was “in a rut.” Home prices were said to be down. The median price for a single-family home in the area has dipped 7.9 percent to $860,000, according to a report from Douglas Elliman Real Estate.
Representative Alexandria Ocasio-Cortez on Saturday leveled another attack on corporate politics, influence and greed -- this time embracing comments made recently by the U.S.'s third-richest person, Warren Buffett. The freshman New York Democrat retweeted a CNBC article about how the Berkshire Hathaway chairman recently told shareholders that if a bank needs a government bail-out, the responsible CEO and his or her spouse should lose their net worth. It still blows my mind that the CEOs who crashed our economy + caused millions of people to lose their homes not only escaped handcuffs; but got bonuses, too,” Ocasio-Cortez, the New York freshman Democrat and self-avowed Socialist, told her 4....
The number of European companies compelled to hand over valuable technologies in exchange for market access in China has doubled over the past two years, as Beijing and Washington clash over the contentious issue. The latest business confidence survey by the European Chamber of Commerce, published on Monday, showed the problem has intensified even as negotiations between the US and China on the matter deepened earlier this year as part of a widening trade war between the two countries. About 20 per cent of respondents to the survey said they felt compelled to hand over technology to Chinese business partners, up from 10 per cent two years ago.