China will implement more tariffs

Tit-for-tat escalates China announced on Friday that it will implement up to 25 percent tariffs on $60 billion worth of US goods if President Trump follows through with his plan of taxing $200 billion worth of Chinese goods. The move is the latest in a tit-for-tat standoff between the two countries. Tariffs have been increasing […]
  • Ben Norman
  • August 3, 2018
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Huawei becomes second largest smartphone seller

Huawei is thriving…for now Chinese smartphone manufacturer Huawei announced this week that it has surpassed Apple as the second largest mover of smartphones. The company reported that in the second quarter of this year, they sold roughly 54 million phones, which represents a 40 percent year-over-year increase according to various research firms. In fact, last […]
  • Ben Norman
  • August 2, 2018
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Facebook removes Russian-linked accounts

When it rains, it pours Facebook announced on Tuesday that it has removed multiple accounts that they believe are attached to Russians targeting US political elections. Facebook told lawmakers that over 30 accounts were likely linked to Russia, who used the pages to push political agendas. For example, the pages and events featured an anti-“Unite […]
  • Ben Norman
  • August 1, 2018
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BMW to increase prices due to tariffs

Tariffs continue to impact companies BMW announced over the weekend that it is raising the price of its SUVs in China because of the steep cost of tariffs on US imports. The two SUVs that will be affected are the X5 and X6 SUVs – their prices will likely increase from anywhere between four and […]
  • Ben Norman
  • July 30, 2018
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Qualcomm will stop pursuing NXP

Qual-lateral damage Qualcomm announced in October 2016 that it would acquire NXP for $47 billion. However, the country still awaits China’s approval of the deal. Because of this, Qualcomm has decided to pull out of the acquisition. The tech firm does not believe that China will accept the merger, so it has decided to scrap […]
  • Ben Norman
  • July 26, 2018
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GM reduces profit expectations

Tariffs hit GM General Motors (GM) reported on Wednesday that they will post fewer earnings than they originally anticipated. The forecasted drop stems from the increase of aluminum and steel from President Trump’s tariffs. In fact, according to Reuters, their costs are expected to rise $500 million to a whopping $1 billion. However, CFO Chuck […]
  • Ben Norman
  • July 26, 2018
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Boeing lands contract for new Air Force One

Air Force One deal has liftoff Boeing recently signed a contract with President Trump to test and modify two new Air Force One jets – the deal is valued at $3.9 billion. The Boeing 747/748’s will be finished by 2024 according to sources, which would be Trump’s last year in office if he wins reelection. […]
  • Ben Norman
  • July 19, 2018
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Stock markets on the up-and-up

The stock market is currently thriving The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all closed at brilliant levels on Friday. The Dow reached 25,000 points, its highest in the past 30 days. Secondly, the S&P 500 hit its highest point in the past five months. And finally, the Nasdaq closed at a […]
  • Ben Norman
  • July 17, 2018
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Apple plans to clean China’s environment

Green Apple Apple announced on Thursday that it will invest $300 million in clean energy in China. The company stated that it will partner with ten of its global suppliers in the initiative. Their goal is to create enough renewable energy to power one million homes in China. Not only is this initiative beneficial for […]
  • Ben Norman
  • July 13, 2018
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