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Showing posts from August, 2019

Gold jumps to 6+ year high, Asian markets slide on Trump’s trade war carnage fears

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Asian markets have sunk, pushing the value of gold to a six-year high as panicked investors seek a safe haven for their assets after President Donald Trump proved he is ready to escalate the raging US-China trade war. Gold tested the $1,550 level on Monday morning – the highest since April 2013 and a 20-percent surge this year alone – as the trade war between Washington and Beijing intensified over the weekend, sending stocks, bonds and commodities tumbling down.

Apple warns not to keep its credit card by leather.

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Apple's new titanium credit card comes with a potential headache that will be familiar to iPhone users everywhere: It can get scuffed up a little too easily in the real world. Apple (AAPL) updated its support webpage this week to warn customers that some fabrics, such as leather and denim, could cause permanent discoloration to the Apple Card. That damage won't wash off. Apple also advises against placing the card in a wallet slot that already has a different credit card, so it doesn't get scratched. And the company says customers should not store their Apple Card in a pocket or bag with loose change, keys or "other potentially abrasive objects."

Jeff Bezos may need India's richest man.

The world's richest man may be looking to strike a deal with India's top billionaire to grab a bigger slice of the country's enormous retail market. Jeff Bezos' Amazon (AMZN) is in talks to invest in Reliance Retail, India's biggest retailer owned by billionaire Mukesh Ambani, the Economic Times newspaper and Reuters reported late last week. The American giant could be looking to buy up to 26% of the company, sources told the two publications.