Sun. Aug 18th, 2019

China Slumps, Pinterest Drops, Bitcoin Plunges: CEO Each day for Might 17, 2019

China Stoop

Say hiya to a different glum day on the markets, courtesy of the U.S.-China commerce struggle. China doesn’t appear eager to renew commerce talks because of American “insincerity” and tariff threats, and Beijing is indicating it is going to prop up the home financial system with stimulus measures. The Hold Seng is down 1.2% and the Shanghai Composite 2.5%, the Stoxx Europe 600 is down zero.6% and U.S. futures look in step with Europe. Carry on the weekend! Bloomberg

Pinterest Drops

Wall Road might have appreciated Pinterest’s Q1 gross sales, which barely beat estimates, however not a lot its full-year outlook. After the digital scrapbooking firm launched its first post-IPO outcomes, its shares dropped as a lot as 19%. Its progress appears to be slowing, and profitability isn’t in sight but. Fortune

Google Antitrust

Google is dealing with a brand new antitrust inquiry, this time in Italy, the place it stands accused of utilizing its Android market dominance to stymie a charging-station-finding app from the power large Enel. Google allegedly refused to combine Enel’s app into its Android Auto system, which might enable it for use on the dashboard whereas driving. Guess what you should use to seek out charging stations whereas driving: Google Maps. CNBC

Bitcoin Plunge

Bitcoin has been on a tear just lately, however—shock!—the get together is over. Having peeked over the $eight,000 threshold yesterday, the worth of probably the most well-known cryptocurrency dropped as little as $7,180, per Coinmarketcap information (Coindesk stories there was even a commerce at $6,600.) On the time of writing, one bitcoin is buying and selling at $7,285. Coindesk

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