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US prepares fresh sanctions on Iran

Monetary markets around the globe are braced for a renewed length of turbulence this week as the United States readies recent sanctions towards Iran and amid emerging hopes for a leap forward within the US-China industry warfare. Donald Trump has…

Senate Panel schedules Facebook’s Cryptocurrency Hearing

Within 48 hours since Facebook had announced its scheme of cryptocurrency, the government has raised its eyebrows at the move. House Financial Services Committee Chairperson Maxine Waters has called for action and prohibited Facebook from development on it. Now, the…

Trump Might Regret Rate Cuts He Suggested

Donald Trump may be given his wish for a rate cut. However, if the Federal Reserve reduces the fund rate in the latter part of the year, he may regret the decision. He recently criticized the chairman, Jerome Powell, his…

Huawei Predicts US Sanctions to Reduce Revenue by $30 Billion

Huawei might feel the sting of US efforts to ban the Chinese telecom company. Huawei has reported 39% increase in their first quarter revenues in April despite the US dissuading sellers from indulging in business with the firm. However, the…

India announces retaliatory trade tariffs against US

From Sunday, India has imposed trade tariffs on 28 products belonging to the US such as almonds and apples. The new duties are as high as 70% and are imposed in reciprocation of Washington’s refusal to exempt India from high…

Chief of Huawei Predicts Sales to Flat Line after Crackdown on Trump

The chief executive of the Chinese tech giant, Huawei, on Monday said that he expected the annual revenue of the company to drop to $100 billion this year as the Trump administration cracks down on them. Huawei, in the past…

Investment Bank buys Majority Shares of Texas Burger Chain Whataburger

BDT Capital Partners have purchased majority stakes of the Texas burger chain Whataburger. This family owned business attempted to reassure it’s customers that irrespective, Whataburger will always be Texan and will represent the state in a manner which makes them…

Major Banks, DOJ meet to address elder financial frauds

The General Counsels of several major banks met with Attorney General William Barr and leadership of the newly formed Transnational Elder Justice Strike Force to discuss the growing problem of elder fraud, a type of abuse in which older Americans…

Stocks with big moves: CrowdStrike, RH and Lululemon

Following a successful Wall Street debut Wednesday, the demand for CrowdStrike shares were high enough today. The cybersecurity share rallied more than 70% on its first day as a publicly traded company, closing at $58 per share pricing after Initial public offering…

Shutterfly and Apollo Global Strike Deal for Taking Company Private, Estimated at $2.7 Billion

Shutterfly, a digital imaging firm announced on Monday that it has been acquired by the private equity firm, Apollo Global Management, and the deal has been valued at $2.7 billion. Apollo Funds has acquired the firm and all outstanding shares…