Japan signals openness to Belt and Road

Japanese Prime Minister Shinzo Abe has said his government will “properly respond to” individual cooperation programs related to the China-proposed Belt and Road Initiative. Abe made the remarks on Wednesday when meeting with Toshihiro Nikai, secretary-general of the ruling Liberal Democratic Party, and Yoshihisa Inoue of junior coalition partner Komeito to talk through Japan’s strategy on… Please follow and like us:

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Most Asia markets down after New Year rally but Hong Kong runs on

The rally across Asia that welcomed in 2018 looked to have run out of steam on Wednesday with most markets slipping into the red on profit-taking but energy shares climbed with another surge in oil prices. Strong economic fundamentals and corporate earnings as well as optimism about the impact of Donald Trump’s massive US tax cuts… Please follow and like us:

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GoPro predicts revenue slump and slashes workforce; stock plunges

Camera maker GoPro Inc. is getting out of the drone business, laying off more than 20 percent of its workforce and losing two executives after predicting a sharp decline in its fourth-quarter revenue and disclosing weak holiday-season demand for its cameras. The disappointing outlook sent shares plummeting nearly 30 percent to an all-time low of $5.32… Please follow and like us:

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Social media companies should ditch clickbait, and compete over trustworthiness

By Aram Sinnreich, Associate Professor of Communication Studies, American University School of Communication and Barbara Romzek, Professor of Public Administration and Policy, American University. It’s time to build trust. Arthimedes/Shutterstock.com Social media websites and online services, created to profit from connecting people and encouraging global conversations, have a deep and troubling dark side. Malicious users have… Please follow and like us:

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Netflix raises executive salaries, proving that ‘performance-based’ pay always was a sham

The big news Friday on the executive compensation front was that Netflix is converting some of its “performance-based” pay for its top executives to straight salaries, thanks to the recently-passed tax bill. But people may be taking the wrong lesson from the change. On the surface, it looks like the five executives covered by the change… Please follow and like us:

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Apple CEO Tim Cook Uses Private Jet For All Travel

Being the head of the most profitable company in the world has its perks. Apple CEO Tim Cook reportedly does all his traveling—both personal and business related—using private jets, AppleInsider reported. The decision to fly private is undoubtedly a luxury but Cook actually doesn’t have much say in the matter. Apple’s board of directors mandates that… Please follow and like us:

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Question Posed: How Did Bob Corker Go from ‘Dead Broke’ to $69 Million Net Worth During 11 Years in U.S. Senate?

“How do you increase your net worth by 69 million dollars while you’re working full-time as a Senator?” That’s the question Rolling Stone reporter Matt Taibbi asked about Senator Bob Corker (R-TN) on Friday. Neither Taibbi nor Rolling Stone are fans of Corker (or of President Trump, Republicans, or conservatism in general). And Rolling Stone has… Please follow and like us:

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Over 900 Subways have closed this year, and it looks like more will soon follow

Subway Settles Not-Really Foot Long Sandwich Litigation Subway is struggling to sell its footlongs. According to Business Insider, the restaurant chain is having a difficult time living up to its title of world’s largest restaurant chain. With new restaurants popping up daily to offer customers increasingly health options, the competition is stiff. Watch the video RELATED:… Please follow and like us:

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How Bitcoin Futures Trading Could Burst The Cryptocurrency’s Bubble

A new wave was added to the never-ending Bitcoin mania when the Chicago Board of Exchange (CBOE) became the first major derivative exchange to launch Bitcoin futures on December 10. Such was the euphoria among early investors that trading was halted twice due to CBOE speed breakers, which slow or pause trading when price movements are… Please follow and like us:

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Struggling Mattel warns of slumping holiday sales as debt ratings are cut

Mattel Inc.’s struggles deepened Monday as the toymaker warned of slumping holiday sales as its debt was downgraded by the major credit-rating firms. Mattel said in a securities filing that its fourth-quarter sales would be “negatively impacted” because of “certain underperforming brands” and because retailers were tightly controlling their inventories this holiday season. As a result,… Please follow and like us:

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Net Investment Flows Turn Positive As Growth Picks Up

Nearly ten years on from the start of the financial crisis and it looks as if the recovery is well and truly here. According to Bloomberg, the second quarter was the best earnings season for US companies in 13 years, with more than three-quarters of the Standard & Poor’s 500 member companies beating analyst expectations. Even… Please follow and like us:

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Tesla Moves Too Fast, Produces Glitchy Cars

Tesla’s production line moves so quickly that the vehicles require many fixes before completion, and customers are still left with glitches and shoddy construction, according to nine former employees. Workers performing quality checks on the electric Model S sedans and Model X SUVs routinely find major defects that require the cars to be sent back for… Please follow and like us:

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JPMorgan Says Quant Underperformance “Has Not Been Abnormal”

In a research piece titled “Quant funds underperform,” JPMorgan analyst Nikolaos Panigirtzoglou and his Global Markets Strategy team think they understand the causation. With hedge fund allocation inflows towards quant funds pulling in near 30% of all hedge funds, this occurs at a time when the human-based manager just might be winning against the machines. Get… Please follow and like us:

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Is NASDAQ “Selling Out” To HFT Or Playing By The Rules?

When the Nasdaq exchange decided to close down its Market Velocity and Market Forces products on October 30, it ended an 11-year run for a data feed that had received limited customer traction but garnered much attention recently. The controversy that surrounded the product’s end, news first reported by The Wall Street Journal, raises questions about… Please follow and like us:

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Equifax puts price tag on massive data breach: $140 million

The Equifax data breach that compromised the personal information of roughly 145 million Americans this year will likely cost the company upwards of $140 million in 2017, according to the credit rating agency. Equifax said in a fourth-quarter profit outlook released Friday that it expects the data breach disclosed in September will hurt sales and result… Please follow and like us:

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