News 

Dollar subdued as confidence returns, focus on US-China trade talks

“The dollar was little changed against other major currencies on Friday after nudging away from 13-1/2-month highs amid easing risk aversion and as investors awaited the next developments in the U.S.-China trade saga” writes unknown author for cnbc.com. “Next week, the main focus will likely shift to U.S.-China trade issues from Turkey with the Chinese delegation visiting Washington and as $16 billion in new tariffs on Chinese good are due to take effect.”. The dollar lost steam, however, after China and the United States agreed on Thursday to hold a…

Read More
News 

A helicopter for a head helps this bipedal robot walk with confidence

“First spotted by IEEE Spectrum, the Aerial-Biped is an interesting experiment in how to make life easier for walking robots” writes Aug Edt for theverge.com. The Aerial-Biped, a new robot designed by researchers from the University of Tokyo, uses something much more modern: a quadcopter.For humans, that might mean a walking stick, but for robots, you can get more creative. Source: theverge.com Share This:

Read More
News 

Kudlow says strong dollar is sign of confidence in the US

“White House economic advisor Larry Kudlow said Thursday the strong dollar is a “sign of confidence” in the United States” writes Berkeley Lovelace Jr for cnbc.com. “By the way, a strong dollar holds down commodity prices, gasoline prices are slipping, oil prices are slipping,” Kudlow said.Trump has taken issue with the weakening yuan and has said he doesn’t like a strong dollar.Kudlow confirmed Thursday that the U.S. and China will resume trade talks this month, but warned that President Donald Trump has a strong resolve to make sure the administration…

Read More
News 

Forecast: A muggy week kicks off with highs in the 90s and late storms possible

“Confidence: Medium Partly to mostly sunny skies Thursday and Friday with pretty low storm chances (less than 20 percent)” writes Jason Samenow Is for washingtonpost.com. Tomorrow: Hot and humid, isolated storm late.Thursday and Friday should both be nice, mostly dry days before storm chances rise over the weekend.Late-day storm chances around 20 percent are low but not out of the question. Source: washingtonpost.com Share This:

Read More
GBP News 

Business confidence falls amid uncertainty

“Confidence among British business leaders has declined significantly and remains low, according to two reports that suggest the lack of progress over Brexit continues to cast a shadow over the UK economy” writes Miles Brignall for theguardian.com. Meanwhile, a separate survey of chartered accountants has concluded business confidence fell significantly over the past three months and has not been this bad since the 2017 general election, which returned a hung parliament.Iain Wright, the ICAEW director of corporate and regional engagement, said: “This is a difficult time to run a business. Source:…

Read More
News 

Heat and humidity to close out the weekend, and storm chances rise again toward midweek

“Tonight: Isolated shower or storm, sticky” reports washingtonpost.com. Calm winds make conditions particularly sticky overnight, with temperatures struggling to fall much further than the mid-70s.Clouds may pop up during the afternoon, along with the chance of an isolated shower or storm thanks to a passing bit of energy.We’ll crank up the heat a few more degrees today with just an isolated storm possible.The hot and sweaty conditions stay with us through much of the week, with storm chances rising again as we head into midweek. Source: washingtonpost.com Share This:

Read More
News Stocks 

Asia stocks capped, dollar at two-week high as trade war dents confidence

“The index was down more than 0.6 percent for the week on U.S.-China trade tensions” writes Midwest Communications Inc for 95kqds.com. With trade tensions hurting demand, the industrial metal was down 2.7 percent for the week.”A decent jobs report should prompt a straight-forward reaction by the markets, with U.S. yields rising and the dollar gaining,” said Ichikawa at Sumitomo Mitsui Asset Management.Financial markets are now looking to the July jobs U.S. report due later in the session for immediate cues. Source: 95kqds.com Share This:

Read More
News Stocks 

Asia stocks restrained, dollar at 2-week high as trade war saps confidence

“The index was down about 0.6 percent for the week, during which it slumped to a two-week high on Thursday on U.S.-China trade tensions” writes Midwest Communications Inc for 95kqds.com. “A decent jobs report should prompt a straight-forward reaction by the markets, with U.S. yields rising and the dollar gaining,” said Ichikawa at Sumitomo Mitsui Asset Management.Financial markets are now looking to the July jobs U.S. report due later in the session for immediate cues.Investors also remain cautious ahead of the July U.S. jobs report due later on Friday, which…

Read More
News 

Consumer confidence creeps back near 18-year high

“The consumer confidence index rose to 127.4 in July from a revised 127.1 in the prior month, according to the nonprofit Conference Board that publishes the report” writes Jeffry Bartash for marketwatch.com. Festering disputes over trade and rising U.S. interest rates could dampen growth as soon as the fall.Big picture: The economy just ripped off one of its best quarterly performances, with growth surging 4.1% in the three months from April to June.The numbers: Americans are still plenty confident in a U.S. economy that’s been growing for more than nine…

Read More
Markets News 

Is China’s bear market coming for your retirement?

“Investors mainly should watch for any commentary or indications about timing and pricing for next iPhone family” reports marketwatch.com. The stock market in the world’s second largest economy has dropped more than 20%.Americans are still plenty confident in a U.S. economy that’s been growing for more than nine years and shows little sign of slowing. Source: marketwatch.com Share This:

Read More