LATEST NEWS

Another big fall seen in china.

The Shanghai Composite shed 6.2% on Tuesday, once again bringing the key index below the 3,800 point mark. The cause of the sell off was not immediately apparent, but it was a return to form for Chinese markets, which have been rocked by volatile trading sessions for most of the summer.

Beijing managed to stabilize equities with a dramatic rescue in late June and early July, intervening in a number of ways to limit losses for investors.

But the rout has now resumed: Tuesday's slump was the sharpest decline since July 27.

A majority of companies listed in Shanghai, including some large state-owned firms, fell by the maximum daily limit of 10%. Losses in Shanghai, and on the smaller Shenzhen Composite index, accelerated into the close.

Shenzhen, which is heavy on tech stocks, closed down 6.6%.

Investors are worried about a possible withdrawal of stock market support by Beijing, and signs of a sharper slowdown in China's economy.

Tuesday's performance extends a volatile period in Chinese markets over recent months.

The first signs of trouble came in June, after the Shanghai Composite peaked at more than 5,100 points, a gain of roughly 150% over the previous 12 months. When the bubble burst, the index lost 32% of its value in just 18 trading sessions.

Beijing reacted forcefully. The People's Bank of China cut interest rates to a record low, regulators suspended new market listings, and threatened to throw short sellers in jail.

The country's market regulator, the China Securities Regulatory Commission, organized the purchase of shares using cash supplied by the central bank. Companies were allowed to suspend their own shares -- at one point 50% of all listed stocks were frozen.

Stock markets were calmer in recent days as investor attention shifted to the yuan, which declined sharply following Beijing's decision to change the way its daily exchange rate limits are calculated.

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook:   

Amazon’s Jeff Bezos Defends Workplace in Response to Article

Amazon said late Sunday that it would not tolerate the “shockingly callous management practices” that were described in an article in the New York Times over the weekend. Jeff Bezos, the retail giant’s founder and chief executive, said he did not recognize the workplace portrayed in the article and urged any employees who knew of “stories like those reported” to contact him directly.

“Even if it’s rare or isolated, our tolerance for any such lack of empathy needs to be zero,” Mr. Bezos said in an email circulated to all the retailer’s employees.

The article gave accounts of workers who suffered from cancer, miscarriages and other personal crises who said they had been evaluated unfairly or edged out rather than given time to recover in Amazon’s intense and fast-paced workplace.

Mr. Bezos wrote that he “very much” hoped workers did not recognize the workplace depicted in the article — “a soulless, dystopian workplace where no fun is had and no laughter heard.”

At Amazon, the article said, the winners get the thrill of testing new projects with hundreds of millions of customers. They also become rich through a stock that has increased tenfold since 2008. But the losers are pushed out in regular cullings. One former Amazon human resources director called it “purposeful Darwinism.”

Amazon declined a request to interview Mr. Bezos for the original article, but made several executives available. Over all, The Times interviewed over 100 current and former Amazon employees, including many who spoke on the record and some who requested anonymity because they had signed agreements saying they would not speak to the press.

Mr. Bezos urged his 180,000 employees to give the Times article “a careful read” but said it “doesn’t describe the Amazon I know or the caring Amazonians I work with every day.”

Here is a part of Bezos’s letter to his employees:

Here’s why I’m writing you. The NYT article prominently features anecdotes describing shockingly callous management practices, including people being treated without empathy while enduring family tragedies and serious health problems. The article doesn’t describe the Amazon I know or the caring Amazonians I work with every day. But if you know of any stories like those reported, I want you to escalate to HR. You can also email me directly at jeff@amazon.com. Even if it’s rare or isolated, our tolerance for any such lack of empathy needs to be zero.

The article goes further than reporting isolated anecdotes. It claims that our intentional approach is to create a soulless, dystopian workplace where no fun is had and no laughter heard. Again, I don’t recognize this Amazon and I very much hope you don’t, either. More broadly, I don’t think any company adopting the approach portrayed could survive, much less thrive, in today’s highly competitive tech hiring market. The people we hire here are the best of the best. You are recruited every day by other world-class companies, and you can work anywhere you want.

I strongly believe that anyone working in a company that really is like the one described in the NYT would be crazy to stay. I know I would leave such a company.

But hopefully, you don’t recognize the company described. Hopefully, you’re having fun working with a bunch of brilliant teammates, helping invent the future, and laughing along the way.

Thank you,

Jeff 

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook:   

Oil prices fall to new six and a half year low, below $42.

Just over a year ago oil was comfortably hovering above $100 a barrel. Today it's struggling to stay above $40.

Crude oil slipped to $41.35 a barrel on Friday, the lowest intraday price since March 2009. Oil is now on track for a seventh weekly loss in a row. That's the longest weekly slump since January.

Low oil prices has already been causing pain in oil hotbeds like Texas and North Dakota, even though it's great news for American drivers.

The average price of a gallon of gasoline has tumbled by nearly $1 to $2.62, according to AAA. Some believe gas prices will soon break below $2 a gallon, saving millions of consumers lots of cash.

So what's going on? Simply put, there's more oil than the world knows what to do with. When supply outstrips demand, prices tend to fall.

Oversupply

The American energy revolution created a flood of new oil that has caused a supply glut. Rather than balance the market, the global oil cartel OPEC has decided to keep pumping oil -- despite low prices.

The cartel, led by Saudi Arabia, fears further losses in market share to the U.S., Canada and other producers. That's why oil prices fell significantly during the second half of last year.

America's shale producers also continue to pump

To the surprise of many, U.S. oil output remains stubbornly high. American producers have continued pumping oil aggressively. Despite cheap prices, rig counts have crept higher each of the past four weeks, according to Baker Hughes.

That persistence is why some believe the oil market won't balance itself until U.S. output is curtailed by a wave of oil mergers or even bankruptcies.

Demand is sluggish

Global economic growth has been anemic. Developed economies are struggling. The countries that are doing well like the U.S. have implemented efficiency standards that are limiting oil demand. At the same time, emerging markets are slowing down. That's keeping a lid on demand growth for oil.

China no longer on fire

The main driver of global growth for years was China. But that economy is going through some significant growing pains. The slowdown is cutting China's appetite for raw materials of all sorts, including crude oil.

Strong dollar could tamp demand

Like other raw materials, crude is priced in dollars. That means when the American currency gains in strength, it makes oil more expensive for buyers in overseas markets. The U.S. dollar has soared 7% so far this year against a basket of currencies. China added to the pressure on oil by devaluing its currency this week.

Iran could flood the world with more oil

As if all of that wasn't enough, Iran is looming in the distance. The country's nuclear deal with the West could pave the way for lots of new Iranian oil to flood the market at just the wrong time. There are new signs Iran is hoarding more oil at sea than previously realized.

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook:   

New experiment began in UK with McDonalds Brands, Due to the low proceeds in the last years McDonalds trying to reinvent her self and now days they running a new experiment, Waiters that will bring your order to your table less then 5 minutes. That means only one thing if the experiment will be successful the trading world will be happy as well while the McDonalds stock will rise up.

Samsung Electronics Co Ltd unveiled a new Galaxy Note phablet and a larger version of its curved-screen S6 edge smartphone on Thursday, marking a fresh bid by the South Korean tech giant to revive momentum in its handset business.

Samsung is the world's top smartphone maker but its market share fell in the second quarter when its critically acclaimed S6 models launched, squeezed by Apple Inc's upscale iPhones and cheaper offerings from Chinese rivals such as Huawei Technologies Co Ltd.

The manufacturer responded with S6 price cuts and bringing forward the Note unveiling from its usual early September spot, ahead of the latest iPhone launch widely expected in September.

Samsung has made several hardware changes for the new phablets - the informal name for larger screen phones approaching the size of a tablet - including a faster processor for the Galaxy Note 5 and increasing the screen size of the S6 edge+ to 5.7 inches from 5.1 inches on the S6 edge.

Both are powered by Samsung's Exynos chips, a person familiar with the matter told Reuters. Samsung dropped Qualcomm Inc chips that powered most of its previous handsets, opting to use its own processors for the S6 models.

The phones will go on sale on Aug. 21 in the United States and Canada. The Galaxy S6 edge+ will be offered in what it called "Black Sapphire" and "Gold Platinum," in the U.S. market, and the Note 5 will be offered in "Black Sapphire" and "White Pearl," with either 32 or 64 gigabytes of storage.

They will support mobile payment service Samsung Pay that will launch on Aug. 20 in South Korea and Sept. 28 in the United States.

The company also said it will expand the service to the United Kingdom, Spain and China, but did not specify a date.

Samsung Pay lets users make payments by having phones send signals to existing magnetic stripe card readers, offering greater store coverage than Apple's Apple Pay service which requires retailers to install compatible equipment. (Reuters).

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook:   

ChinaRare nuke like explosion Tianjin, 

China explosion Happened today the 12 of August 

More than 400 injured in surroundings of the chemical plant 

Rare nuke like explosion Tianjin, ChinaRare nuke like explosion Tianjin, China Happened today 12 of August more than 400 injured in surroundings of the chemical plant

The Republican presidential candidate has promised to bring American jobs back from China, and a major part of his stump speech is a pledge to "not let China rip us off any longer."

Now, Trump has a new line of attack, courtesy of the People's Bank of China's decision to let the yuan trade more freely, which has set off the currency's biggest decline in two decades.

"[China] continuously cuts their currency, they devalue their currency," Trump said during a campaign stop in Birch Run, Michigan. "They've been doing this for years -- this isn't just starting."

A weak currency cheapens the price of a country's exports, making them more attractive to international buyers by undercutting competitors.

Many experts disagree with Trump's analysis.

The International Monetary Fund, for example, says the yuan is fairly valued. And while it's true that the currency has depreciated this week, many analysts have praised China for following through on its commitment to allow market forces more influence over the currency.

The yuan, also called the renminbi, has appreciated 14% since mid-2014, according to Daiwa Capital Markets.

Trump, however, said that China is "making it absolutely impossible for the United States to compete," and doing so without suffering any consequences.

"China has no respect for President Obama whatsoever," he said. "They think we're run by a bunch of idiots, and what's going on with China, it's unbelievable."

Earlier this year, Trump ran into some political trouble after some of his branded merchandise was found to have been manufactured in China. Trump said he had no alternative.

"My ties ... a lot of them are made in China," he said, "because they have manipulated their currency to such a point that it's impossible for our companies to compete."

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook:   

1. If you own stock in Google – you will soon be the owner a new stock called Alphabet instead.

As Page says in his letter, posted at the cheekily named new Alphabet site abc.xyz, every share of Google stock will automatically convert to Alphabet stock later this year. And given that Google represents about 1.5% of the market value of the S&P500, chances are you own some of those shares, if only because you probably own shares in a large-cap stock index fund.

The conversion won’t have any tax implications for owners; they’ll just get one share of stock in exchange for the other.

Google currently trades in different share classes—some with voting rights, some without—and that’s not changing. So non-voting Google shares will become non-voting Alphabet shares. For now, at least, the stock market tickers won’t change. Alphabet will still trade as GOOG and GOOGL, depending on the share class.

2. Google is still around: It will be just one (still giant) company owned by Alphabet.

Alphabet will be an umbrella for numerous businesses. Google will be one of those companies. Outside of Google will go other current Google ventures that Page calls “far afield” from the flagship digital media business. He mentions two: A life-sciences division working on contact lenses for diabetics and a “longevity” company called Calico.

Nest, which makes web-connected thermostats and security systems, and Google X, which funds bleeding-edge projects like driverless cars, will also be separate from Google under the Alphabet umbrella, according to SEC filings.

3. Google’s new CEO is Sundar Pichai, and he’ll report to Alphabet CEO Larry Page

Picahi was previously a product manager for Google, and has been considered Page’s deputy. He was already a pretty big deal in his own right, as made clear in a cover story on him in Bloomberg Businessweek last year.

4. Alphabet will break out financial results for its different business segments. So investors will be able to understand Google’s financials separate from those of the other businesses. That’s probably the most important news right now.

The new Alphabet shareholders will own the same businesses as the old Google shareholders. The main difference is that investors will also be able to look at Google, the familiar digital media business, on its own. That can be important for a company that wants to keep Wall Street happy. Investors who want to be able to compare Google to other digital media businesses will have an easier time doing so. Analysts can value the company based on the assets and earnings contributions of its different parts, and compare the company’s share price to its value if the businesses were one day broken up or spun-off.

The move reflects Google’s, and the market’s, awareness that the company is a lot more than a web-search and media business these days. But it also seems to be a recognition that investors want to know just what they are paying for when they buy a share.

Ask us about our FREE financial advice program: 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

Follow us and SHARE this story on Facebook: