1) Is Google $GOOG $GOOGL Courting Trouble In China?
Google staff awoke on August 1st to surprising news: their company is working on a search app tailored, and censored, for China. BloombergQuint.com video above first published Aug 3, 2018.
How Google is building its censored search engine for China, codenamed Dragonfly, using subsidiary 265.com to compile a list of sites China is blocking--theintercept.com.
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| source: Statista.com |
Apple's Journey to a $1 Trillion Company: WSJ.com's Spencer Jakab takes a look at how Apple $AAPL got to $1Trillion in market cap value. Video first published Aug 3, 2018.
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| source: Statista.com |
Mohammed El-Erian has declared that the U.S. alone has escaped the "new normal," a concept he used in 2009 to predict slow growth for post-financial crisis economies, and now that the U.S. has reached "escape velocity" and people are returning to the labor market, the Fed can keep on raising rates.
So-called bond king Gross has been ‘wrong and wrong badly,’ his boss at Janus says--Marketwatch.com: "About three years ago, he predicted the end of the rip-roaring bull market. However, the current stock bull market is entering its 10th year and approaching a record not seen since 2000."Wall Street's Charging Bull
China: Market pressure on China's renminbi would leave Chinese policymakers three choices according to JP Morgan:
- intervene in currency markets to offset market pressures risking a new wave of reserve depletion;
- raise interest rates to defend the currency causing monetary tightening and risking economic weakness; or
- let the currency depreciate beyond the above critical levels along with market pressures risking capital outflows and a more abrupt move.
Brexit: UK trade minister Fox says EU is pushing Britain to no-deal Brexit--reuters.com. See also Brexit – Will The EU Collapse Anyway?--truepublica.org.uk.
Eurozone:
4) ICYMI Tech News:
-- John Poole, Editor, Domain Mondo
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Eurozone:
- ‘Let the Whorehouse Burn’--The euro and the damage it wrought--weeklystandard.com.
- Eurozone GDP slows again in Q2 2018--The loss of momentum in 2018 contrasts with the U.S., where growth accelerated during the second quarter and the Eurozone-U.S. growth differential was the widest since the second half of 2014--marketwatch.com.
- Eurozone Economy Slows Further as Exports Sputter--Business confidence has weakened on worries about future relations with the bloc’s largest trading partners--wsj.com.
- Stiglitz Advocates A Dual Currency System In Italy But Why Not For The Whole Eurozone?--socialeurope.eu.
4) ICYMI Tech News:
- MAGA? FT.com's West Coast editor Richard Waters has suggested that "MAGA" (Microsoft, Apple, Google, Amazon) replace "FAANG" to denote the market's current tech leadership.
- Tesla $TSLA shares fall 5 percent on Wall Street skepticism, SEC probe reports--reuters.com 9 Aug 2018.
- Maersk, IBM say 94 organizations have joined blockchain trade platform--reuters.com.
- India regulator, who took on Facebook, Apple, to stay on for two more years--reuters.com.
- Qualcomm settles with Taiwan antitrust regulator for US$89 million--reuters.com.
- Amazon HQ2: Cities’ Offers for Amazon Base Are Secrets Even to Many City Leaders--NYTimes.com.
- Computer Virus Cripples Taiwan's IPhone Chipmaker TSMC Plants--bloomberg.com.
- Google: Control government-backed attack alerts in G Suite--googleblog.com.
-- John Poole, Editor, Domain Mondo
feedback & comments via twitter @DomainMondo
Follow @DomainMondo
DISCLAIMER