News 

Deere finds steady demand from US farmers despite tariff woes

“Demand for Deere & Co. equipment from U.S. farmers is holding steady despite their concerns about overseas sales lost to President Trump’s global trade war, executives said Friday” writes Nati Harnik Associated for washingtonexaminer.com. Farmers have thus far taken the brunt of the fallout from Trump’s campaign, he conceded, The timetable and mechanics of the program aren’t yet clear to Deere’s customers, executives said Friday, so its effects on demand are difficult to gauge.”Uncertainty surrounding the trade market may have distracted” from relatively strong North American farm economics and the…

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Currency shocks knock platinum to 10-year lows

“LONDON (Reuters) – Platinum prices tumbled to 10-year lows as the collapse of Turkey’s lira rippled through markets and weakened the currency of top producer South Africa, underlining persistent oversupply of the autocatalyst metal” writes Midwest Communications Inc for 95kqds.com. Once much more valuable than gold and palladium, platinum has tumbled 25 percent from January highs to below $780 an ounce.Analysts at Metals Focus expect a surplus of 40,000 ounces in 2018 in the roughly 8 million ounce a year platinum market. Source: 95kqds.com Share This:

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Crypto News 

Nvidia says cryptocurrency-specific Q2 revenue was $18M, below its $100M estimate, down from $289M in Q1, projects no cryptocurrency contributions going forward

“Nvidia previously had forecast sales for cryptocurrency chips for the fiscal second quarter ended July 29 of about $100 million” writes Min Read for reuters.com. Analyst KinNgai Chan of Summit Insights Group said Nvidia shares were likely to trade lower as analysts reset their expectations around slower growth rates. Analysts on average had expected a profit of $1.66 per share and revenue of $3.10 billion, according to Thomson Reuters I/B/E/S.(Reuters) – Nvidia Corp (NVDA.O) shares fell as much as 5 percent in after-hours trading on Thursday after the chip maker…

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Google workers demand China search engine oversight

“Disclosure of the secretive effort has disturbed some Google employees and human rights advocacy organizations” writes Paresh Dave for aol.com. The latest petition says employees are concerned the China project, codenamed Dragonfly, “makes clear” that ethics principles Google issued during the drone debate “are not enough.”. “We urgently need more transparency, a seat at the table and a commitment to clear and open processes: Google employees need to know what we’re building,” the document seen by Reuters states.Three former employees involved with Google’s past efforts in China told Reuters current…

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Google employees demand more oversight of China search engine plan

“Disclosure of the secretive effort has disturbed some Google employees and human rights advocacy organizations” reports businessinsider.com. The latest petition says employees are concerned the China project, codenamed Dragonfly, “makes clear” that ethics principles Google issued during the drone debate “are not enough.”. Three former employees involved with Google’s past efforts in China told Reuters current leadership may see offering limited search results in China as better than providing no information at all.”We urgently need more transparency, a seat at the table and a commitment to clear and open processes:…

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News Oil 

Oil falls more than 2 percent as Cushing build adds to demand fears

“It has also dented emerging market stocks while curbing growth and the outlook for oil demand” writes Midwest Communications Inc for 95kqds.com. Turkey is a relatively small oil consumer, accounting for less than 1 million barrels per day (bpd), or around 1 percent of global demand.Crude inventories at Cushing have been dwindling, in part due to an outage at an oil processing facility in Canada that has reduced the flow of crude into the hub.In a monthly report, OPEC said the world will need 32.05 million bpd of crude from…

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News Oil 

Oil prices edge up on Iran sanctions, but trade tensions drag

“Front-month Brent crude oil futures were at $72.88 per barrel at 0053 GMT, up by 7 cents from their last close” writes unknown author for cnbc.com. Oil prices inched up on Monday as U.S. sanctions against Iran pointed towards a tighter market, although concerns over slowing economic growth amid global trade tensions kept a lid on gains.Also potentially weighing on oil markets are signs of slowing economic growth and fuel demand growth, especially in Asia’s large emerging markets.”Lower demand from China, the world’s biggest importer, comes at a critical time…

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News Oil 

Oil prices end up for the day on forecast for rising demand, but lower for the week

“The International Energy Agency raised its forecast for global oil demand growth by 110,000 barrels a day to 1.5 million barrels for 2019” writes Rachel Koning Beals for marketwatch.com. Oil prices settled higher Friday as a forecast for rising global crude demand, and supply boosts from Russia, offset lingering concerns about trade tensions cutting global consumption of energy products.The total active U.S. rig count, which includes oil and natural-gas rigs, increased by 13 to 1,057 from 1,044, according to Baker Hughes.Meanwhile, September heating oil HOU8, +1.59% rose 2.8 cents, or…

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Emirates Airlines expects single-digit U.S. capacity rise in 2018: executive

“(Reuters) – Emirates Airline [EMIRA.UL] expects a single-digit percentage rise in its U.S. capacity in 2018, as the market rebounds after travel restrictions imposed by the Trump Administration weakened demand from the Middle East early last year, a company executive said on Friday” reports businessinsider.com. Matt Schmid, senior vice president, Emirates North America, said by phone from Toronto that travel demand to and from the United States is back to the same levels from before January 2017. Emirates, the largest international airline by passenger traffic, saw a decline in U.S.…

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Ericsson to add 300 U.S. jobs as 5G demand picks up

“The Ericsson logo is seen at the Ericsson’s headquarters in Stockholm Thomson Reuters STOCKHOLM (Reuters) – Mobile telecom equipment maker Ericsson said on Friday it would add around 300 jobs in the United States to meet rising demand for next-generation 5G equipment” reports businessinsider.com. The company, which has around 95,000 employees worldwide, also said it would build its first 5G radios in the United States by the end of this year.Many investors expect the Swedish company to benefit from a new cycle of network upgrades as demand for 5G gear…

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