Monday, 30 July 2018

Daily Investor Update: With nimbler bikes, Harley sharpens Asia focus to revive growth

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With nimbler bikes, Harley sharpens Asia focus to revive growth

Harley-Davidson Inc is launching lightweight motorcycles in Asia and electric bikes globally in the hope of reviving demand, as it faces falling sales in the United States and the threat of trade tariffs adding to its costs.

Bitcoin slips below $8,000 as investors step away from risk

Bitcoin briefly fell below $8,000 on Monday as investors scaled back their exposure to cryptocurrenices, after a sell-off in shares of technology and internet companies spilled over into other risky assets.

Tech stocks pull down equity markets, euro gains

The dollar slipped against the euro on Monday ahead of several central bank monetary policy meetings this week, and a gauge of global equity markets fell, pulled down by a slide in U.S. technology heavyweights.

Tech stocks weigh on Wall St., Nasdaq set for third straight decline

A broad sell-off of technology stocks pushed all three major U.S. stock indexes lower, with the Nasdaq Composite set to post its third consecutive loss of more than 1 percent for the first time since August 2015.

Starbucks and China's Alibaba to partner on delivery: media reports

Starbucks Corp and e-commerce company Alibaba Group Holding Ltd are set to join forces on coffee delivery, according to media reports, as the coffee retailer seeks to rebound from a sales slump in the once-booming China market.

GE looking to sell its digital assets: WSJ

General Electric Co is looking to sell key parts of its digital business, the Wall Street Journal reported.

Caterpillar paints upbeat picture of global economy

Caterpillar Inc on Monday gave a promising outlook for the global economy despite ongoing trade tensions and mounting cost concerns, and the heavy equipment maker lifted its full-year earnings forecast after quarterly profits nearly doubled.

Wary of China's rise, Pompeo announces U.S. initiatives in emerging Asia

U.S. Secretary of State Mike Pompeo announced $113 million in new technology, energy and infrastructure initiatives in emerging Asia on Monday, at a time when China is pouring billions of dollars in investments into the region.

Walmart stumbles with its 'last mile' package delivery plan

Standing before an audience of 14,000 people last year, Walmart Inc executives described a radical plan to help it fend off Amazon.com Inc and other online delivery services from stealing its customers.

Ferrari bets on tobacco veteran in post-Marchionne era

Ferrari's new boss Louis Camilleri has big shoes to fill but the tobacco industry veteran may have just what is needed to steer the luxury sportscar maker through its next lap, analysts and industry insiders said.

RPT-UPDATE 1-Vivendi considers selling half its UMG music "jewel"

Vivendi is considering selling up to half of its UMG music division to one or several strategic partners, ending months of speculation about a potential stock market listing of the unit, whose value soared on booming streaming revenues.

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