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Month: December 2018

Trade Optimism Lifts Stocks, But 2018 Ends in Red

12/31/2018 Ranbiz

Equities around the world rose Monday as possible progress in resolving the trade dispute between the United States and China engendered some investor optimism in what has been a punishing…

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China Factory Activity Shrinks for First Time in 2 Years

12/31/2018 Ranbiz

China’s factory activity shrank in December for the first time in more than two years, an official survey showed Monday, intensifying pressure on Beijing to reverse an economic slowdown as…

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Kenyan GDP Growth at 6 Percent in Third Quarter 2018

12/31/2018 Ranbiz

Kenya’s economy expanded faster in the third quarter of this year than in the same period last year due to strong performance in the agriculture and construction sectors, the statistics…

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The Euro Currency Turns 20 Years Old on Tuesday

12/31/2018 Ranbiz

The euro currency turns 20 years old on January 1, surviving two tumultuous decades and becoming the world’s No. 2 currency. After 20 years, the euro has become a fixture…

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NASA Probe to Make History New Year’s Day

12/30/2018 RanIT

NASA scientists are getting a very special New Year’s Day gift. The New Horizons spacecraft is moving into unexplored space beyond Neptune to investigate objects so far out in our…

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Tiny Tracking Devices Help Protect Endangered Species From Poaching

12/30/2018 RanIT

A French technology company has created a tiny tracking device to combat poaching. The tracker is smaller, lighter and cheaper than previous methods, such as radio collars. The creators say…

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Trump Says ‘Big Progress’ on Possible China Trade Deal

12/29/2018 Ranbiz

U.S. President Donald Trump said on Twitter on Saturday that he had a “long and very good call” with Chinese President Xi Jinping and that a possible trade deal between…

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Farmers Risk Loss of Federal Payments, Loans, From Shutdown

12/29/2018 Ranbiz

The end of 2018 seemed to signal good things to come for America’s farmers. Fresh off the passage of the farm bill, which reauthorized agriculture, conservation and safety net programs,…

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Hong Kong Economy Caught in US-China Trade Crossfire

12/29/2018 Ranbiz

The storm winds of the recent trade war between the United States and China have settled in a truce for now, but the weeks of agitation — of rising tariffs…

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Social Media’s Year of Falling From Grace

12/29/2018 RanIT

Silicon Valley has enjoyed years of popularity and growing markets. But 2018 has been rocky for the industry. Data breaches, controversies over offensive speech and misinformation — as well as…

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Lampert Makes $4.4 Billion Bid to Keep Sears Alive

12/29/2018 Ranbiz

Sears Holdings Corp. Chairman Eddie Lampert submitted a $4.4 billion takeover bid for the bankrupt U.S. retailer, representing its only chance of escaping liquidation and laying off tens of thousands…

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Strong Week, Yet Horrible Month for Wall Street

12/28/2018 Ranbiz

Wall Street capped a week of volatile trading Friday with an uneven finish and the market’s first weekly gain since November.    Losses in technology, energy and industrial stocks outweighed…

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Wells Fargo Agrees to $575 Million US Settlement on Consumer Ills

12/28/2018 Ranbiz

Wells Fargo agreed to a $575 million nationwide settlement over its opening of millions of unauthorized customer accounts and other alleged predatory practices, the bank and U.S. authorities announced Friday.…

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US Army Looks for a Few Good Robots, Sparks Industry Battle

12/28/2018 RanIT

The U.S. Army is looking for a few good robots. Not to fight — not yet, at least — but to help the men and women who do. These robots…

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Cybersecurity Law: Vietnam Will Censor Internet, Not Close Websites

12/28/2018 RanIT

Expect to get caught if you post anti-government material on the internet in Vietnam or take a phishing trip. From 2019 authorities can build evidence against you from material provided…

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US Fossil Fuel Exports Spur Growth, Climate Worries

12/28/2018 Ranbiz

In South Korea’s largest shipyard, thousands of workers in yellow hard hats move ceaselessly between towering cranes lifting hulks of steel. They look like a hive of bees scurrying over…

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Dow Finishes Up 1.1 Percent as US Stocks Rebound

12/27/2018 Ranbiz

Wall Street stocks finished solidly higher Thursday following a late-afternoon surge as worries over slowing economic growth gave way to bargain-hunting. The Dow Jones Industrial Average finished at 23,138.82, an…

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Instagram ‘Back to Normal’ After Bug Triggers Temporary Change to Feed

12/27/2018 RanIT

Facebook Inc’s photo-sharing social network Instagram said on Thursday it has fixed a bug that led to a temporary change in the appearance of its feed for a large number…

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Pluto Explorer Ushering in New Year at More Distant World

12/27/2018 RanIT

The spacecraft team that brought us close-ups of Pluto will ring in the new year by exploring an even more distant and mysterious world.   NASA’s New Horizons spacecraft will…

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Source: Foxconn to Begin Assembling Top-End Apple iPhones in India in 2019

12/27/2018 RanIT

Apple Inc will begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019, the first time the Taiwanese contract manufacturer will have made…

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Tesla Sets up Shanghai Financial Leasing Unit as China Plans Accelerate

12/27/2018 Ranbiz

Tesla Inc has registered a financial leasing company in China, a local business registration filing shows, in the latest sign the U.S. electric car maker is attempting to speed up…

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Report: US Retail Holiday Sales Best in 6 Years

12/27/2018 Ranbiz

Retail sales in the U.S. for the 2018 holiday season were up more than 5 percent to more than $850 billion, according to data Mastercard released Wednesday, making 2018 the…

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Report: US Trade Team to Travel to China for Talks  

12/27/2018 Ranbiz

A U.S. trade delegation will go to China the week of Jan. 7, Bloomberg reported Wednesday, citing two people familiar with the matter. It will be the first time the two…

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Wall Street Notches Best Day in 10 Years in Holiday Rebound

12/26/2018 Ranbiz

Wall Street notched its best day in 10 years as stocks rallied back Wednesday, giving some post-Christmas hope to a market that has otherwise been battered this December. The Dow…

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Indian State to Return Unused Land to Farmers

12/26/2018 Ranbiz

Farmers in the Indian state of Chhattisgarh are getting back land that was taken from them more than a decade ago by the government because it was not used, a…

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‘Tech Addicts’ Seek Solace in 12 Steps and Rehab

12/26/2018 RanIT

We like to say we’re addicted to our phones or an app or some new show on a streaming video service. But for some people, tech gets in the way…

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