Month: September 2018

Core Inflation Remained Near Fed’s Target in August. Data are likely to validate the central bank’s view that inflation pressures are under control

StockMarketNews.Today – A key measure of underlying inflation eased in August to its slowest pace in 18 months, suggesting price pressures remain contained as a strong dollar holds down import prices and wage growth stays moderate.

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Xiaomi is back with another robot vacuum cleaner, and it’s bigger and better than before.

StockMarketNews.Today – The Mi Robot is one of Xiaomi’s best ecosystem products, and with the second-generation model, there are a few upgrades on offer. If you haven’t heard of the Mi Robot, a quick refresher: under the Mi Ecosystem label, Xiaomi partners with Chinese hardware vendors to release lifestyle and smart home products, and the robot vacuum cleaner falls under this category.

China Renaissance another first-day flop for the city alongside Xiaomi Corp.’s debut.

StockMarketNews.Today – While the weak debut is disappointing for the bank, it also poses a challenge for Hong Kong Exchanges & Clearing Ltd., which has positioned itself as the international gateway to China’s markets. While Meituan jumped on its first trading day this month, IPOs such as Xiaomi and China Renaissance have represented a more typical pattern this year, with newly listed stocks falling 6.7 percent on a weighted-average basis.

Facebook News: Facebook disclosed a widespread security flaw that could have allowed hackers or other malicious third parties to access an affected user’s account by gleaning their security token.

StockMarketNews.Today – The flaw affected as many as 50 million people, and Facebook says it’s forcibly making around 90 million users log back into their accounts in full today to be safe. The company says around 40 million additional people simply used the exploitable feature since the exploit was active.

China is being forced to retaliate against the United States in their trade dispute, and U.S. exporters including suppliers of liquefied natural gas would “certainly” be hurt, said Chinese vice commerce minister Wang Shouwen.

StockMarketNews.Today – The United States and China imposed fresh tariffs on each other’s goods on Monday as the world’s two biggest economies showed no signs of backing down from an increasingly bitter trade dispute that is expected to hit global economic growth.

OPEC’s leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out on Sunday any immediate, additional increase in crude output, effectively rebuffing U.S. President Donald Trump’s calls for action to cool the market.

StockMarketNews.Today – Russian Energy Minister Alexander Novak said no immediate output increase was necessary, although he believed a trade war between China and the United States as well as U.S. sanctions on Iran were creating new challenges for oil markets.

OPEC and its allies reduced oil output in August as a drop in Iranian supply due to U.S. sanctions derailed their attempts to raise production to agreed levels, delegates said on Saturday as the energy producers prepared to hold talks in Algiers.

StockMarketNews.Today – The development further raises pressure on the Organization of the Petroleum Exporting Countries to boost supply amid calls from U.S. President Donald Trump to lower oil prices.