China's Alibaba Partners With Chinese Software To Promote Blockchain Development

Chinese ecommerce conglomerate Alibaba and Aerospace Information Co. a major software developer and provider have signed a strategic cooperation agreement for cloud computing blockchain and other technological services development. Chinese finance publication Securities Daily reported on the deal on March 21.The two parties have agreed to take advantage of their respective brand technologies to actively integrate resources and carry out indepth cooperation in in the fields of cloud computing services finance and taxation government affairs and blockchain technology among others.As the publication states Aerospace Information will collaborate with Alibaba to work [read more]

Oil Is Set To Rise, But The Rally May Not Last

Oil Is Set To Rise But The Rally May Not LastThe United States is no longer oversupplied with oil. That sounds like good news. The bad news is that it may signal lower oil prices going forward.An unexpected 9 million barrel (mmb) crude oil withdrawal from storage this week moved comparative inventory (C.I.) below the 5year average. That shifted C.I. to into negative territory at 5 mmb for the first time since September 2018.The bad news is that it [read more]

US Stocks Closed Higher Thursday Lead By Apple And Other Tech's Stocks

U.S. stocks closed higher Thursday on the back of a rally in the technology sector while shares of Apple Inc. surged helping to propel the Dow.The markets strong upside momentum comes a day after the Federal Reserve signaled that it was unlikely to raise interest rates this year amid worries over slowing economic growth.The S&P 500s information technology sector provided much of the buoyancy for the broader market rising 2.5%. Apple lead stocks but the gains werent enough for the iPhone maker to wrest [read more]

Trump:

President Donald Trump has warned that US tariffs on $250 billion of Chinese exports are unlikely to go away anytime soon even if the two countries reach a deal to end their trade war.Were not talking about removing them were talking about leaving them for a substantial period of time Trump said Wednesday. The tariffs are in place to make sure that China lives by the deal he added.The United States and China the [read more]

Detail On FOMC Decision And Fed Chair News Conference

Fed holds line on rates says no more hikes ahead this yearThe Fed indicates that no more rate hikes will be coming this year.The announcement comes three months after the central bank said two hikes would be appropriate in 2019.The central bank also says it will complete its balance sheet rolloff program at the end of the September.The Fed also reduced expectations in GDP growth and inflation and a bump higher in the unemployment rate outlook. [read more]

US Stocks Close Mostly Lower Wednesday After Fed's Decision

U.S. stocks closed mostly lower Wednesday failing to defend gains on the back of the Federal Reserves decision to keep key interest rates unchanged as widely expected.The central bank also signaled no further rate hikes this year in line with its views of tame inflation and slower economic growth. But the Feds latest stance battered financial shares as the industry tends to suffer in a lowrate environment.The Fed maintained its accommodative stance and its dot plot indicated that it will end its [read more]

PM May Going To EU Summit On Thursday To Request Delay

EU Said to See MidApril Date for U.K. to Decide Brexit FateThe European Union is likely to tell Theresa May that she must decide by midApril whether to extend Brexit until 2020 or risk leaving in three months without a deal a senior EU official said.At a summit in Brussels on Thursday leaders are likely to deliver an ultimatum that would give the British premier just three weeks to decide whether to gamble on getting the current Brexit deal through British Parliament by [read more]

What's Next For FOMC? Here's 3 Things You Need To Know.

Fed officials are meeting for two days ending Wednesday. The central bankers will release a statement and their latest economic forecast and interestrate projections at 2 p.m. Eastern. Fed Chairman Jerome Powell will cap it off with a press conference at 230 p.m.Here are three things that economists said they will be watching for from the dot plot.1. How many interestrate hikes will the dot plot project The safe bet favored by most economists is the Fed lowers the projected path [read more]

Stocks Closed Lower As Investors Focus On Trade-talk and FOMC

U.S. stocks closed mostly lower Tuesday with the Dow Jones Industrial Average snapping a fourday winning streak as investors tried to make sense of a pair of conflicting reports on U.S.China trade talks. A Bloomberg News report that China is pushing back against U.S. demands for concessions in bilateral trade talks dampened market sentiment with major indexes coming off intraday highs. Chinese officials are reportedly indicating that the U.S. has not made sufficient assurances that President Donald Trumps administration will lift tariffs on Chinese goods in [read more]

French Air Crash Investigator BEA:

French accident investigator BEA has downloaded data from the doomed Ethiopian Airlines planes black boxes.The flight data recorder showed clear similarities between the Ethiopia crash and another Boeing 737 Max that went down in October.The two crashes killed 346 people.Flight data recovered from the wreckage of an Ethiopian Airlines jet showed clear similarities to another deadly crash of one of Boeings topselling 737 Max aircraft last October according to the French accident investigator that downloaded the information.Investigators who verified the data from [read more]