News 

US lawmakers drop provision that blocked lifting of ZTE sanctions, strengthen CFIUS authority to block Chinese investments in a compromise defense spending bill

“Senate Republicans have dropped their attempt to reimpose U.S. sanctions on the Chinese telecommunications giant ZTE, lawmakers said Friday, a victory for President Trump as congressional Republicans abandoned a rare effort to thwart his agenda” writes Erica Werner Has for washingtonpost.com. But the House version of the defense bill did not include the same provision. Source: washingtonpost.com Share This:

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Markets News Stocks 

Stocks Climbing Despite Trade Worries, But Other Markets Are Flashing Warning Signs

“The price drop here is less dramatic, but it is hardly a positive sign” writes Martin Tillier for nasdaq.com. For many people, the recent direction of the stock market is somewhat puzzling.Despite what this administration keeps insisting, there are no winners in trade wars, particularly those conducted on multiple fronts.The strange thing is that if you google “copper price warning” or “doctor copper” as it is sometimes known, there are no recent results for articles pointing this out.At that time, the view that I espoused, that imposing tariffs was a…

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Improved smartphone glass twice as likely to survive drops

“Glass-maker Corning has unveiled a new version of its Gorilla Glass used in the majority of smartphone displays, which it says is twice as likely to survive being dropped” writes Samuel Gibbs for theguardian.com. Apple’s current iPhones, Samsung’s Galaxy 9 and the majority of premium smartphones sold in the UK, all use the older Gorilla Glass 5.The new glass survived an average of 15 drops from 1m on to rough surfaces in lab tests compared to 11 for the previous version, meaning it should be more resistant to multiple drops.…

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Blackstone posts 10 percent drop in second quarter distributable earnings

“Distributable earnings fell to $700.1 million from $781.4 million on a decline in total proceeds from asset sales, which help drive performance fees” writes Midwest Communications Inc for 95kqds.com. NEW YORK (Reuters) – Blackstone Group LP on Thursday reported a 10 percent drop in quarterly distributable earnings, which it uses to pay dividends, as assets sales slowed even as many of its funds appreciated much more than the stock market. Source: 95kqds.com Share This:

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Corning unveils Gorilla Glass 6, engineered to survive multiple drops

“According to the company, Gorilla Glass 6 is specifically engineered to withstand multiple accidental drops” writes Jeremy Horwitz for venturebeat.com. Notably, Gorilla Glass 6 is said to offer up to twice the anti-drop performance of Gorilla Glass 5, and is made from “an entirely new material” that can be chemically strengthened to increase its drop resilience.It’s worth mentioning that while Corning regularly spotlights improved anti-drop performance in its new Gorilla Glass generations, that’s not always or singularly the case. Prior versions of Gorilla Glass have been used in over 6…

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Corning has a new glass for smartphones that’s less likely to break — here’s how it’s made

“Gorilla Glass 6 not only survives higher drop heights than Gorilla Glass 5, but also survives repeated drops,” said John Bayne, vice president and general manager of Corning Gorilla Glass” writes Magdalena Petrova Cnbc for cnbc.com. So in our lab tests, we dropped Gorilla Glass 6 on a test vehicle repeatedly, and it survived up to 15 times, which was twice the survival rate of Gorilla Glass 5.Every time you touch your phone, you are likely touching glass made by Corning, which creates some of the toughest glass in the…

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U.S. housing starts drop to a nine-month low

“Economists polled by Reuters had forecast housing starts falling to a pace of 1.320 million units last month and permits rising to a rate of 1.330 million units” reports businessinsider.com. Starts for the volatile multi-family housing segment plunged 19.8 percent to a rate of 315,000 units in June.Single-family homebuilding, which accounts for the largest share of the housing market, decreased 9.1 percent to a rate of 858,000 units last month. Source: businessinsider.com Share This:

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Fox shares drop as prospects of new Comcast bid fade

“Walking away from the main Fox assets would give Comcast less negotiating leverage with Disney and Fox to end the bidding war for Sky” writes Midwest Communications Inc for 95kqds.com. CNBC reported on Monday, citing sources, that Comcast was “highly unlikely” to make a new offer for the Fox assets.Comcast has also been seeking to convince Fox and investors that regulators would approve its bid for the main Fox assets after U.S. Department of Justice gave the green light to Disney’s bid for them.Several analysts have suggested that the two…

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Markets News Oil 

The recent drop in oil prices may be just a correction

“Oil prices plunged by around 6 percent on Wednesday on news that Libya’s oil export terminals were set to come back online” writes Oilprice Com for businessinsider.com. Oil demand started the year at a blistering pace, growing at a 2-million-barrel-per-day rate in the first quarter, year-on-year.Several countries are also feeling the pain of higher oil prices, particularly so when combined with currency depreciation versus the US dollar.”. “This vulnerability currently underpins oil prices and seems likely to continue doing so,” the IEA said.Oil prices crashed on Wednesday on news that…

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Markets News 

Cheese prices crumble…

“Benchmark block cheddar cheese prices settled at $1.5425 a pound on Wednesday in cash trading on the Chicago Mercantile Exchange” writes Markets Commodities Reporter for marketwatch.com. Longer term, however, hope of a turnaround in prices lies in a prolonged global trade dispute that may cause dairy farms to close up, leading to a slowdown in cheese production.Record U.S. supplies of cheese have contributed to a drop in prices this year, and traders predict more of the same for the rest of 2018.Kment believes the large price spread will help support…

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