A couple of weeks ago we heard that Apple may be bringing back the Black color option for the iPhone 7 – aka Space Black like the Apple Watch has. A leaked photo of several iPhone 7 units pours cold water on that, there is just four of them – Silver and Space Grey, Gold and Rose Gold. Those are the standard colors available for the iPhone 6s and co. Apple nixed the darker hue because of chipping and hasn’t brought it back since. It could still be working on the Space Black version, which will launch later (a la…
Author: Deep
Problems are piling up in Italy, sending Italian stocks sinking and creating fresh concerns about the future of the European Union. The ETF tracking the MSCI Italy index (EWI) has become one of the year’s worst-performing, losing about a quarter of its value in 2016. Unfortunately, Boris Schlossberg, managing director of FX strategy for BK Asset Management, doesn’t see an Italian renaissance anywhere in the cards, and says Italy’s financial sector is to blame. “That sector has just gotten decimated because the Italian banks are effectively bankrupt,” he said Thursday on CNBC’s “Power Lunch.” “They need to be recapitalized and…
Gold had a hard time making up its mind about Friday’s jobs report. In the 20 minutes before the number came out, gold futures first rose about $10, before promptly giving up those gains. At the second before the number was released at 8:30 a.m. EDT, gold was sitting at $1,356.5 per troy ounce. On the initial news that the nonfarm payrolls number was more than 100,000 above economists’ expectation, gold did what one would probably expect, given the precious metal’s function as a bet on market fear and on more stimulative Federal Reserve policy: It gapped down on heavy…
The reason anyone would buy negative-yielding debt is actually pretty simple: Because they have to. They are central bankers looking to help promote economic growth. They are insurance companies, pension funds and money managers who have to match liabilities with assets. They are not, by and large, retail investors who are so afraid of risk that they’re willing to pay for the privilege of lending money to a government. Together, those buyers have helped build a nearly $12 trillion funnel of negative-yielding sovereign debt — unprecedented in world history. Ostensibly, the global race to the bottom was supposed to stimulate…
With second-quarter earnings season on the horizon for major U.S. banks, investors should keep an eye on fixed income trading operations, Jeff Harte, a Sandler O’Neill analyst, said Monday. “The credit markets have been a lot more favorable and that is really what hurt first quarter. I mean, we are probably a little ahead of consensus for the quarter, but if there is any potential there I think there is potential for upside surprises,” Harte told CNBC’s “Squawk on the Street.” Analysts who track U.S. banks say the Fed’s likely rate hike delay will come back to bite Wall Street.…
The Central Board of Secondary Education (CBSE) will be conducting the National Eligibility-cum-Entrance Test (NEET) Phase 2 for admissions to under graduate medical courses across the country. The examination is for 720 marks and has 180 objective type multiple choice questions to be attempted within three hours. It is based on three subjects – Biology (90 questions), Physics and Chemistry (45 questions each). A correct answer fetches four marks, while a wrong answer has one mark deducted. (READ: CBSE NEET Phase 2 2016: These important topics will help you score well) The candidates who are appearing for NEET Phase 2…
IIT Bombay has chosen uttarias or khadi angavastrams, for its convocation ceremony of the passing out batch. The Indian Institute of Technology has placed an order for 3,500 convocation robes made of khadi cotton, inculcating the feeling of nationalism in the students. The students will drape the piece of cloth over their clothes to mark the occasion What is khadi? Khadi is a hand-woven cloth mainly made out of cotton. The cloth is primarily woven from cotton and may also include silk, or wool, which are all spun into yarn on a spinning wheel called a charkha. Why was…
Cluster Innovation Centre for University of Delhi has announced the qualifying marks of entrance exams for admission in B Tech (IT and Mathematical Innovation) and BA Honors (Humanities and Social Science). As per the official notification released: Qualifying marks is defined as the minimum marks that a candidate needs to score to be eligible to secure admission in various courses. These courses are: B Tech BA (Hons) Humanities BA (Hons) Social Science course Important note: The qualifying marks scored by the students will merely assure entitlement to be considered for a college and not direct admission. Admission will depend on…
hard disk drive from Seagate Credit: Seagate 1COMMENT John Ribeiro IDG News Service Jul 11, 2016 7:40 PM Seagate Technology will cut about 6,500 jobs worldwide, or 14 percent of its workforce, with most of the cuts in manufacturing jobs, it said Monday. The data storage maker had said in June that it was aiming to cut 1,600 employees, or 3 percent of its global workforce, by the end of the September quarter to trim costs, but the new announcement suggests that the company feels the need to reduce costs further as its hard disk drives battle in a slowing…
Bluntly put, Amazon’s Prime Day sale disappointed many last year. Touted as an event to rival Black Friday and Cyber Monday, Prime Day 2015 was defined by discounted products that failed to enthrall would-be buyers. On top of that, the better items sold out quickly. But for its second Prime Day sale, Amazon has promised more appealing offerings with higher inventory—and the online retailer seems to have made good on its word. Sort of. Amazon seeded us with an early look at its Prime Day deals, and most offerings appear better than last year’s Sharpies and Tupperware at first glance.…