Markets News 

BMW, Mercedes-Benz lower prices in China after VAT drop

“BMW said it would reduce prices for both domestically produced and imported models, including the locally-made BMW 3 series and BMW 5 series, along with the BMW X5 and BMW 7 import models” writes Midwest Communications Inc for 95kqds.com. Daimler AG-owned Mercedes-Benz announced similar price cuts on a range of its cars, also effective immediately, in advance of the upcoming VAT drop.SHANGHAI (Reuters) – BMW AG and Mercedes-Benz said on Saturday they will lower their prices in China, after the government announced it will reduce the country’s value-added tax (VAT)…

Read More
News Platforms 

Facebook shares drop as executives quit, Christchurch live-stream shooting stirs outrage

“You really need to do more @YouTube @Google @facebook @Twitter to stop violent extremism being promoted on your platforms,” Javid wrote on Twitter” writes Midwest Communications Inc for 95kqds.com. The social media companies have said they would take down content involving the mass shootings, which were posted online as the attack unfolded. Source: 95kqds.com

Read More
News 

Insys Therapeutics’ auditor raises going concern doubts, shares drop

“(Reuters) – Insys Therapeutics Inc said on Wednesday its auditor raised doubts on the drugmaker’s ability to continue as a going concern, sending its shares down 13 percent” writes Midwest Communications Inc for 95kqds.com. Shares of the company fell 13 percent to $4.94 in morning trading.”If we are unable to obtain sufficient funding, we would need to significantly reduce our operating plans and curtail some or all of our product development, commercialization and strategic plans,” the company said in a regulatory filing.The company had come under fire for its marketing…

Read More
News 

Anthem players are protesting recent loot drop changes with weeklong blackout

“Anthem players are vowing to log out of the polarizing online game this week, as a stand against recent loot drop changes” writes Mar Edt for polygon.com. Unless developer BioWare fixes the quality of loot drops, these players say, they won’t be playing — at least for a few days.A patch issued just two days ago tweaked which types of loot higher-level players will encounter, removing the two lowest-ranked types from drops for players above level 30.But BioWare apparently did not increase the drop rates for much better loot in…

Read More
Markets News Stocks 

‘Another break point may be coming’: On the 10th anniversary of the last stock market bottom, a $160 billion investment chief explains why traders should be getting very worried

“But McMillan notes the statistic dipped along with the stock market in late 2018” writes Marley Jay for businessinsider.com. The Conference Board, Robert Shiller/Haver Analytics When confidence falls, McMillan says, the economy slows and the stock market often falls with it.”If confidence were to take a hit, you could reasonably expect stock market valuations to drop as well.”. Lower consumer confidence can mean the stock market is about to sink. Source: businessinsider.com

Read More
News Stocks 

This 135-year-old stock index is poised to log its longest skid in about 50 years

“The Dow Jones Transportation Average is on the verge of producing its lengthiest series of losses since 1972, highlighting a recent slump that has taken hold of the broader stock market” writes Mark Decambre for marketwatch.com. Transports, meanwhile, are poised for 4% weekly drop, which would be the worst since the period ended Dec. 21, 2018.Check out: Why the ECB’s surprise policy moves sent shivers through global stock markets Providing critical information for the U.S. trading day.As of Friday afternoon, the Dow transports DJT, -0.79% were almost certain to register…

Read More
News 

Tesla dropped fuel savings from Model 3 price after a German industry group said they were misleading

“FRANKFURT (Reuters) – Electric carmaker Tesla has committed to stop using fuel savings estimates to advertise its Model 3 online, a German industry association set up to prevent unfair competition practices said on Wednesday” writes Christoph Steitz for businessinsider.com. The Wettbewerbszentrale independent body, formed by German industry to ensure companies compete fairly, said the U.S. carmaker had been using random and non-transparent fuel savings estimates and that it must drop the practice by March 20.”Even if ‘savings’ could be realized, such an amount cannot be deducted from the purchase price…

Read More
Markets News 

EUR/USD experiences some calm after overnight drop, what are the charts saying?

“As it stands, yesterday’s rate/forward guidance shift doesn’t do much to alter pricing of ECB rate hikes by markets” reports forexlive.com. But in the context of expectations for yesterday’s meeting, it was the most dovish the central bank could’ve afforded to communicate to markets. Source: forexlive.com

Read More
News 

Okta shares drop on weak bottom-line outlook

“OKTA, +1.54% shares dropped in the extended session Thursday after the identity-management company’s bottom-line outlook fell well short of Wall Street estimates” writes Wallace Witkowski for marketwatch.com. Okta shares dropped 10% after hours, following a 1.5% rise to close the regular session at $81.21.Analysts surveyed by FactSet had forecast a loss of 8 cents a share on revenue of $107.9 million. Source: marketwatch.com

Read More