US curbs to trim Huawei's revenue by over $10B

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Source: Dukascopy Bank SA
On Friday, China's technology giant Huawei reported the US trade restrictions were likely to cut its smartphone revenue by more than $10B this year.
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Fri, 23 Aug 2019 15:12:19 GMT

New home sales in US drop sharply

The US Commerce Department stated that the country's new home sales declined markedly 12.8% to a seasonally adjusted yearly rate of 635K units last month in a sign that the property market remained in low gear in spite of lower rates and a strong labour market.

Fri, 23 Aug 2019 13:38:52 GMT

Salesforce expects higher Q3 and full-year revenue

Salesforce.com announced on Thursday it was expecting its Q3 and full-year revenue to be above Wall Street's estimates, as the company benefited from acquisitions and high demand for the cloud-based services, sending shares 7% up in the extended trading.

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