Harley-Davidson second-quarter profit falls 20%

Harley-Davidson second-quarter profit falls 20%

H-D’s motorcycle revenue missed estimates $1.43 billion, versus $1.44 billion expected by analysts. The company reports $195.6 million in net income during the second quarter, versus $242.3 million a year earlier, a nearly 20% drop. H-D’s second-quarter earnings per share...
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Boeing 737 Max Grounding Charges to Reach $8 Billion

Boeing 737 Max Grounding Charges to Reach $8 Billion

The financial fallout from the troubled 737 Max jetliner continues to swell for Boeing, which on Thursday announced $7.3 billion in costs that will hit its bottom line. The price tag could still climb. The Max has been grounded for...
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Alexandria Ocasio-Cortez’s exchange with Facebook’s crypto boss

Alexandria Ocasio-Cortez’s exchange with Facebook’s crypto boss

Alexandria Ocasio-Cortez’s exchange with Facebook’s crypto boss about who actually controls the Libra currency. Rep. Alexandria Ocasio-Cortez and the Facebook exec David Marcus had an enlightening exchange on Wednesday during a hearing with lawmake...
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Now Even Junk Bonds Have Negative Yields

Now Even Junk Bonds Have Negative Yields

75 years ago this month, a group of 744 delegates from around the world gathered at the very posh Mount Washington Hotel in New Hampshire to build a brand new global financial system. The year was 1944. World War II...
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DHL: Significant Downturn in World Trade

DHL: Significant Downturn in World Trade

A new quarterly report from logistics company DHL, measured global air and sea cargo trade volumes between March and June, found trade data continues to deteriorate in the US and China as there is still no resolution to end the trade war, reported...
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Trump Slaps 400% Tariff On Vietnamese Steel

Trump Slaps 400% Tariff On Vietnamese Steel

President Trump accused Vietnam of being “almost the single worst abuser of everybody” and asserted that “Vietnam takes advantage of us even worse than China.” This sudden turn in Trump’s rhetoric contrasted with the praise he off...
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BIS Chief Reverses Stance On Cryptos

BIS Chief Reverses Stance On Cryptos

From “Ponzi” To “We’re Working On It” – Cryptos Hater BIS Chief Reverses Stance On Cryptos The head of the Bank of International Settlements (BIS) has appeared to U-turn on issuing digital currencies after a fresh interview ...
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Libra – Briefly Explained

Libra – Briefly Explained

It’s Facebook’s new cryptocurrency. The point is that you can send money all over the world with lower fees than if you were to engage, say, Western Union. It’s shady as hell, though. You remember Tyler and Cameron Winklevoss? The...
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Hinduja-Etihad consortium gearing up for Jet Airways bid

Hinduja-Etihad consortium gearing up for Jet Airways bid

Also Tata’s, Qatar Airways in exploratory mode. After failed negotiations earlier with multiple suitors, the SBI-led consortium decided to take Jet Airways to the bankruptcy court on June 17 and on June 20, the National Company Law Tribunal (NCLT) admitt...
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480 pilots sue Boeing, FAA revealed new glitch in 737 MAX

480 pilots sue Boeing, FAA revealed new glitch in 737 MAX

480 737 MAX pilots sue Boeing over ‘unprecedented cover-up’ that led to crashes & grounding. A class-action lawsuit against Boeing reportedly accuses the US aviation giant of covering up the faulty sensor issue and keeping pilots in the dark about...
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Verizon Media’s new CEO about new strategy to turn things around

Verizon Media’s new CEO about new strategy to turn things around

New CEO Guru Gowrappan has a big job to do after inheriting a fragmented business that is losing millions. Guru Gowrappan has flown into Cannes via London, where he watched Australia survive a scare against underdogs Sri Lanka in the...
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Merrill Lynch Caught Criminally Manipulating Precious Metals Markets

Merrill Lynch Caught Criminally Manipulating Precious Metals Markets

Merrill Lynch Caught Criminally Manipulating Precious Metals Market “Thousands Of Times” Over 6 Years.  When it was pure conspiracy theory to accuse one or more banks of aggressively, compulsively and systematically manipulating the precious metal...
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Carrefour prepares to exit China

Carrefour prepares to exit China

Carrefour prepares to exit China, sells 80% stake to Suning. Carrefour has announced that it’s selling 80% of its China operations to Chinese retail giant Suning for 4.8 billion yuan ($700 million). The French supermarket giant retains two of seven seats...
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S-500 Prometheus was accepted into service

S-500 Prometheus was accepted into service

The Russian Anti-Ballistic and Anti-Aircraft system S-500 Prometheus was accepted into evaluation phase service and already protects Russia. The S-500 Prometheus Anti-Ballistic and Anti-Aircraft missile system, according to expert estimates, uses brand new ra...
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Old Moneycreators Panicking

Old Moneycreators Panicking

G7 Forming Task Force in Response to Facebook’s Libra Cryptocurrency. With the recent unveiling of Facebook’s Libra cryptocurrency raising regulatory questions, France is forming a task force within the Group of Seven (G7) nations to examine the issues. Re...
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