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UK firm pilots using blockchain to help BMW source ethical cobalt

LONDON (Reuters) – Automaker BMW is working with a London-based start-up to use transaction-recording technology blockchain to prove batteries for its electric vehicles will contain only clean cobalt, the start-up’s CEO said. Source
Posted On 06 Mar 2018

Proxy firm Glass Lewis opposes Tesla’s massive stock award to Musk

(Reuters) – Influential proxy advisory firm Glass Lewis said Tesla Inc shareholders should vote against a proposal to grant Chief Executive Officer Elon Musk performance-based stock options worth about $2.62 billion. Source
Posted On 06 Mar 2018

Microsoft to offer governments local version of Azure cloud service

SAN FRANCISCO (Reuters) – Microsoft Corp on Monday said it will soon make it possible for government clients to run its cloud technology on their own servers as part of a concerted effort to make Azure more appealing to local and federal agencies. Source
Posted On 06 Mar 2018

US Dollar Index (DX) Futures Technical Analysis – Closing Price Reversal Top Could Trigger Move into 89.52 to 89.20

The U S Dollar closed lower against a basket of currencies on Thursday posting a potentially bearish closing price reversal top after U S President Donald Trump s decision to impose tariffs on steel and aluminum took the wind out of the Greenback s week long recovery Earlier in...
Posted On 06 Mar 2018

Markets Now: Everything Rallies But the Dow as Tariff Tantrum Peters Out

After three days of 1 declines in the S amp P 500 and a three day loss of more than 1000 points in the Dow the latest damage caused by President Donald Trump s announcement on tariffs we re keeping a semi live look on the volatile markets Here s the latest from Barron Source
Posted On 06 Mar 2018

Trump Tariffs: Markets Unanchored?

The announcement of the US intention to impose tariffs on imported steel and aluminum on national security grounds has sent ripples through the capital markets.  Yet there is certainly more going on here than that.  The tariffs, justification, and magnitude have indicated and...
Posted On 06 Mar 2018

What If the Dows Tumble Isnt Just About Tariffs?

With the Dow Jones Industrial Average and the S amp P 500 set for a fourth consecutive down day we look at With the Dow Jones Industrial Average and the S amp P 500 set for a fourth consecutive down day we look at With the Dow Jones Industrial Average and the S P 500 Source
Posted On 06 Mar 2018

Stock Market News for March 2, 2018

Benchmarks closed in the red on Thursday after President Trump said that new tariffs will be imposed on aluminum and steel imports by the U S next week After this development all the three key indexes started this month with heavy losses following concerns over a possible trade...
Posted On 06 Mar 2018

Trumps Trade Wars Fundamentally Change Market, Economic Outlook

Getty images I generally stay away from the subject of politics in these pieces, not because it is controversial, but because I view it as much less relevant than many people think. The U.S. economy is a resilient thing that goes through its own cycles regardless of the actions,...
Posted On 06 Mar 2018

Will Markets Steel Their Resolve on Tariff News?

Friday March 2 2018 President Trump announced a tariff of 25 on imported steel to the U S yesterday surprising not only market indexes but his own White House advisors His intentions were very clear We must not let our country companies and workers be taken advantage of any...
Posted On 06 Mar 2018