Huawei: Smartphone Sales Down 40% as US-China Trade War Intensifies

Reports on Tuesday had it that the founder and chief executive of Huawei, Mr. Ren Zhengfei stated at a panel discussion at the company’s headquarter in Shenzhen saying “In the coming two years, the company will cut production by 30 billion dollars.” This statement was made after the company recorded a 40 percent drop in […]
  • June 18, 2019

Huawei: Smartphone Sales Down 40% as US-China Trade War Intensifies

Reports on Tuesday had it that the founder and chief executive of Huawei, Mr. Ren Zhengfei stated at a panel discussion at the company’s headquarter in Shenzhen saying “In the coming two years, the company will cut production by 30 billion dollars.” This statement was made after the company recorded a 40 percent drop in […]
  • June 18, 2019

Huawei: Smartphone Sales Down 40% as US-China Trade War Intensifies

Reports on Tuesday had it that the founder and chief executive of Huawei, Mr. Ren Zhengfei stated at a panel discussion at the company’s headquarter in Shenzhen saying “In the coming two years, the company will cut production by 30 billion dollars.” This statement was made after the company recorded a 40 percent drop in […]
  • June 18, 2019

US-China Trade War: America to Expect Inflation Caused by Raised Tariffs

  The US-China trade war is rubbing off on the businesses and citizens of both countries involved as Americans are beginning to worry about how the trade war could affect them. BBC World Service economics correspondent, Andrew Walker compiled series of questions that are being asked by Americans regarding the effect of the trade war […]
  • May 22, 2019

The FDA Warns Two Companies That Claim Herbal Drug Can Cure Opioid Addiction

The Food and Drug Administration (FDA) recently issued warnings to two companies – North Carolina-based KratomNC and California-based Cali Botanicals – for making illegal and unproven marketing claims that their products, containing a drug called kratom, can help with treating and curing addiction and withdrawal symptoms. Kratom, a herbal extract that doesn’t grow in the […]
  • Vladimir Sumina
  • June 26, 2019
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Could Value Investing be Dead?

Popularized by Warren Buffet, the classic investing strategy of picking stocks with cheap book valuation has become more and more irrelevant because of central banks and the advancements of technology, Asset Management Company, AllianceBernstein, claims. Bernstein’s head of European quantitative strategy Inigo Fraser-Jenkins, recently said: “Duration has been bid up as rates are so low. […]
  • Vladimir Sumina
  • June 25, 2019
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Investor Claims that the US Economy Could Enter a Mild recession in 2020

Guy Miller, chief market strategist and head of macroeconomics at Zurich Insurance, says that the US economy could enter a state of slight economic recession starting next year because the Federal Reserve will likely lower interest rates in order to boost growth. Miller said: “Our view still is that we (will) have a mild U.S. […]
  • Vladimir Sumina
  • June 25, 2019
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The FDA Proposes New Rules for Opioids to Make Drugs Less Addictive

The Food and Drug Administration (FDA) is looking into changing the rules for the manufacturing of opioids by making the drugs less addictive. The new proposal states that the drug manufacturers would have to report if their products have “any characteristics that would mitigate the risks of overdose, abuse, or the development of addiction.” The […]
  • Vladimir Sumina
  • June 25, 2019
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“Avengers: Endgame” Rerelease with Added Scenes in a Bid to Beat “Avatar”

Disney wants to make “Avengers: Endgame” the highest-grossing film of all time. But to do that, it first has to overtake “Avatar”. Screen Rant and Comicbook.com both report that Kevin Feige, head of Marvel Studios, indicated that the movie would get a special theatrical rerelease with additional footage that wasn’t included in the movie’s original […]
  • Vladimir Sumina
  • June 25, 2019
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Huawei: Smartphone Sales Down 40% as US-China Trade War Intensifies

Reports on Tuesday had it that the founder and chief executive of Huawei, Mr. Ren Zhengfei stated at a panel discussion at the company’s headquarter in Shenzhen saying “In the coming two years, the company will cut production by 30 billion dollars.” This statement was made after the company recorded a 40 percent drop in […]
  • Monica Harvey
  • June 18, 2019
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Pilsbury Flour to Be Recalled for Fear of an E. Coli Outbreak

The FDA (Food and Drug Administration) announced that ADM Milling Co. will be recalling Pilsbury, its brand of flour, because of an outbreak of E. coli. The company will be recalling approximately 4,620 cases of Pillsbury Best 5-pound Bread Flour which were distributed in New York, Maryland, Connecticut, Maine, Delaware, New Hampshire, New Jersey, Ohio, […]
  • Vladimir Sumina
  • June 18, 2019
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Disney Could Earn a Record-breaking $9 Billion at the 2019 Global Box Office

This year, Disney the global entertainment powerhouse, has the chance to break the record they made  in 2016. That year, their films earned a total of $7.6 billion worldwide, and this year, they are on their way to surpass that with $9 billion. Cowen analyst Doug Creutz said: “I would say they should finish pretty […]
  • Vladimir Sumina
  • June 17, 2019
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Tyson Foods Gets Into The Meat Alternatives Market With Newly Unveiled Plant-based Nuggets

Tyson Foods, the biggest meat producer in the United States, announced their plans to debut plant-based nuggets starting this summer. These nuggets will be the first product in “Raised & Rooted”, a new brand dedicated to plant-based and blended meat goods. Company executives have been hinting at the possibility of the meat giant entering the […]
  • Vladimir Sumina
  • June 15, 2019
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