Google To Invest $550 Million In Chinese e-Commerce

Google to invest $550 million in Chinese ecommerce giant JD.comGoogle will invest $550 million in Chinese ecommerce powerhouse (JD.O) part of the U.S. internet giants efforts to expand its presence in fastgrowing Asian markets and battle rivals including (AMZN.O). The two companies described the investment as one piece of a broader partnership that will include the promotion of products on Googles shopping service. This could help expand beyond its base in China and Southeast Asia and establish a meaningful presence in U.S. and European markets.Company [read more]

Elon Musk Brought $25 Million Worth Of Tesla Stock, According To SEC Filing

Elon Musk bought about $25 million worth of Tesla stock on Tuesday and Wednesday.On Tuesday Musk told Tesla employees the company was cutting 9% of its workforce.The share purchases could be a signal to employees and Wall Street that hes still optimistic about the future of Tesla. Tesla Motors CEO Elon Musk has purchased about $25 million worth of stock in his own company according to a filing with the Securities and Exchange Commission on Wednesday.Before these purchases Musk owned about 19.8% of the company [read more]

Bitcoin In Over-Sold Region?

Signs are beginning to emerge that bitcoins selloff today may be overextended.After hitting a 70day low of $6133 on CoinDesks Bitcoin Price Index (BPI) bitcoins relative strength index (RSI) hit a level (26.4) last seen in August of 2016 according to data from the Bitfinex exchange.The relative strength index or RSI is used for identifying overbought and oversold conditions of an asset by comparing the magnitude of recent gains and losses over a specified time period to measure speed and change of price.When such levels are hit [read more]

AT&T To Buy Time Warner

AT&T Inc. won approval from a U.S. court on Tuesday to buy Time Warner Inc. in one of the largest antitrust cases in decades.The highstakes case which was decided by Richard Leon a judge appointed by President George W. Bush has been closely watched by the telecommunications media and tech industries for its potential effect on the future of other blockbuster deals.This opens the floodgates for consolidation among the largest entertainment and transmission companies said Gene Kimmelman former [read more]

Asian stocks drift higher and dollar firms as Trump-Kim summit begins

Asian markets drifted higher on Tuesday as a landmark meeting between U.S. President Donald Trump and North Korean leader Kim Jong Un began in [read more]

AUD/JPY: bulls still in control, higher copper and neutral risk tones, so far

AUDJPY is firming as the day moves on despite the riskoff feel on a very busy week ahead a week where analysts at Rabobank said to be the most important of the year to date. Currently AUDJPY is trading at 83.29 having made a high of 83.34 and a low of 83.00.  AUDJPY is recovering from the lows of 82.58 where the pair dropped hard on yen strength last week from 84.53. Traders were tracking the stock markets on Thursday where the yen picked up a [read more]

USD/CAD fades spike to 1.30

The Canadian dollar fell in early Asia as USCanada trade dispute escalated after G7 meeting.Top White House officials accused Canadian PM Trudeau of backstabbing the US after President Trump called him very dishonest and weak. Further the risk sentiment soured as Trump withdrew support for a G7 communique which called for a fair and balanced trade.Consequently the USDCAD gapped higher to 1.2999 in early Asia only to fall back to 1.2960.Looking ahead The FX desks may offer USD on fears the heightened trade tensions [read more]

AUD/USD trapped near 0.76 as the Aussie takes a long weekend

The AUDUSD is trading near 0.7600 as the new week opens on a quiet note with Australian markets shuttered for a holiday.The Aussie looks set to trade lower against the US Dollar this week with the pair trading down from a lower high set last week and the longterm bearish trend is still in place despite a technical correction for the AUDUSD which received brief support from an unexpected positive swing to Australian economic figures though the trend is still far off from allowing the Reserve Bank [read more]

Facebook (FB) Bug Creates Another Data Privacy Gaffe

Latest Facebook Inc. (FB) Bug Creates Another Data Privacy GaffeA Facebook bug changed suggested sharing settings to public for up to 14 million users         The bug was active from May 18 to May 27 and changed users privacy settings without them knowing.         The company said the problem has been fixed and Facebook will notify the 14 [read more]