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THE STOCK TO BUY



Everyday PremierCity publishes its choice picking one sole security to buy or to sell. The decision results from the consensus made of the aggregation of multiple choices added from the 100 most important editing financial reviews. Today the selected stock is ****




Google launches new $999 Glass

Second-generation Google Glass for Enterprise

Google Glass has gotten another facelift. On Monday, the search giant revealed the second-generation of its heads-up display glasses that feature a new design, an improved camera and processor, as well as a slew of other updates.

The $999 device isn’t available for consumers, like the ill-fated original Glass was, but is targeted to workers in factories and other facilities. Google said Glass has been used on the job by employees to view checklists or instructions and send inspection videos or photos.

https://www.dailymail.co.uk/

Google just dealt a huge blow to Huawei

Huawei banned from Android

It was only about two months ago that Richard Yu, the CEO of Huawei’s consumer products division, was telling a German newspaper that the beleaguered Chinese smartphone brand had been prepping a mobile OS as a kind of Plan B if the company ever got cut off by Google from relying on Android.
He probably didn’t expect the turn of events to lead to that outcome so soon, but it appears that day may have nevertheless suddenly arrived. Google has reportedly decided to cut ties with Huawei, which means the company has just lost its Android license, and its devices will no longer receive Android updates — nor will its future handsets be able to access Google apps as well as the Google Play Store.
https://www.yahoo.com/

Australia is top choice for millionaires fleeing homelands

108,000 millionaires migrated across borders last year

The world’s wealthy are increasingly on the move.

About 108,000 millionaires migrated across borders last year, a 14 per cent increase from the prior year, and more than double the level in 2013, according to Johannesburg-based New World Wealth.

Australia, US and Canada are the top destinations, according to the research firm, while China and Russia are the biggest losers. The UK saw around 3000 millionaires depart last year with Brexit and taxation cited as possible reasons.

https://www.afr.com/

Trump expected to sign order to ban Huawei

The White House  invokes the International Emergency Economic Powers Act

President Donald Trump is expected to sign an executive order this week barring U.S. companies from using telecommunications equipment made by firms posing a national security risk, paving the way for a ban on doing business with China’s Huawei, three U.S. officials familiar with the plan told Reuters.

The order, which will not name specific countries or companies, has been under consideration for more than a year but has repeatedly been delayed, the sources said, asking not to be named because the preparations remain confidential. It could be delayed again, they said.

The executive order would invoke the International Emergency Economic Powers Act, which gives the president the authority to regulate commerce in response to a national emergency that threatens the United States. The order will direct the Commerce Department, working with other government agencies, to draw up a plan for enforcement, the sources said.

http://www.reuters.com

Walmart fights back against Amazon

One-day shipping

Walmart Inc is stepping up its battle with Amazon.com Inc by offering one-day delivery without a shipping fee, weeks after Amazon announced a similar offer – a move that will intensify the race to deliver orders to shoppers faster.

On April 25, Amazon said it plans to deliver packages to members of its loyalty club Prime in just one day and expects to spend $800 million toward the shipping goal in the second quarter alone.

Walmart’s offer applies to fewer products. As many as 220,000 items, which are the most frequently purchased, ranging from laundry detergent to toys and electronics will qualify for one-day shipping. The orders have to be worth at least $35 to qualify.

http://www.reuters.com

60 satellites to change the internet

STARLINK, an internet satellite network

SpaceX CEO Elon Musk shared a first look on Saturday of his company’s internet satellites packed and ready for launch in a few days.

These satellites represent SpaceX’s ambitious plan to build an internet satellite network, known as Starlink. The company is one of several, including Jeff Bezos’ Amazon, which are building these so called “constellations” of interconnected satellites to deliver high speed internet from space.

http://www.cnbc.com

U.S. hikes tariffs on Chinese goods

China says to strike back

U.S. President Donald Trump’s tariff increase to 25 percent on $200 billion worth of Chinese goods took effect on Friday, and Beijing said it would strike back, ratcheting up tensions as the two sides pursue last-ditch talks to try salvaging a trade deal.

China’s Commerce Ministry said it “deeply regrets” the U.S. decision, adding that it would take necessary countermeasures, without elaborating.

The hike comes in the midst of two days of talks between top U.S. and Chinese negotiators to try to rescue a faltering deal aimed at ending a 10-month trade war between the world’s two largest economies.

http://www.reuters.com/

Uber and Lyft strikes

US drivers stop taking rides in protest over pay

Rideshare drivers are striking and protesting in major cities across the United States, with many participating in a 24-hour strike of the Uber and Lyft apps that began at midnight on 8 May.

Cities affected by the stoppage – which varies in length from two-hour strikes to day-long boycotts – include Los Angeles, New York, San Francisco, San Diego, Philadelphia and others. Strikes are also expected overseas in Britain, Australia and elsewhere.

The protests come the day before Uber launches its shares in a public offering on the US stock exchange.

http://www.theguardian.com/

US Fed sounds warning on high stock prices, corporate debt load

Persistent risks

The US central bank warned Monday of persistent risks to the financial system posed by elevated stock prices and historically high corporate debt loads as well as the impact of President Donald Trump’s trade wars.

But major banks and insurance companies appear healthy and there is a low risk they would face a crash crunch during a run by panicked investors, the Federal Reserve said in its latest report on financial stability.

http://www.france24.org/

Low productivity jobs continue to drive employment growth

Employment is rising in OECD countries

The latest Compendium of Productivity Indicators says the trend has compounded the impact of generally weak business investment on productivity growth. The downward pressure on wages may have allowed firms to defer investment decisions, instead meeting increased demand by hiring additional staff and, in turn, undermining the potential for investment-driven productivity growth, the report says.

In France, Germany and the United Kingdom, the top three sectors with the largest employment gains between 2010 and 2017 accounted for one third of total job creation but paid below average wages. Moreover, in Belgium, Finland, Italy and Spain, industries with above average labour productivity levels saw net job losses. The data show wage growth (adjusted for inflation) improving in recent years but remaining below pre-crisis rates in two thirds of OECD countries despite a period of negligible or slow wage growth, and earlier declines in purchasing power in the aftermath of the crisis. Indeed, real wages remain below crisis levels in Greece, Italy and Spain, and have also contracted in recent years in Belgium and Canada.

More jobs in lower paid sectors such as accommodation and catering and health and residential care, weigh on average wages across the economy as a whole.

http://www.oecd.org/

Chinese shares hit by Trump tariff threat

Chinese stock markets tumbled

US President Donald Trump threatened new tariffs on China, putting a trade deal in doubt.  He said on Twitter the US would more than double tariffs on $200bn (£152bn) of Chinese goods on Friday and would introduce fresh tariffs.

Recent comments had suggested both sides were nearing a trade deal. A Chinese delegation was due to travel to Washington this week for talks aimed at ending the trade war. US media has reported that China is now considering cancelling those talks, that were scheduled to resume on Wednesday.

http://www.bbc.com

Warren Buffett says Berkshire Hathaway is buying up shares of Amazon

“I’ve been an idiot for not buying”

Berkshire Hathaway has been buying shares of Amazon. But Warren Buffett isn’t the one behind the purchases.

“One of the fellows in the office that manage money … bought some Amazon so it will show up in the 13F” later this month, Buffett told CNBC Thursday, on the eve of the kick off of Berkshire’s annual shareholders meeting in Omaha. Buffett was referring to either Todd Combs or Ted Weschler, who each manage portfolios of more than $13 billion in equities for Berkshire.

Buffett has long been a fan of both Amazon and its CEO Jeff Bezos, praising the company’s dominance and the founder’s business prowess. But while Buffett has sung the company’s praises, he’s never bought Amazon shares. So a headline that Berkshire was buying shares likely would spark interest in the markets.

“Yeah, I’ve been a fan, and I’ve been an idiot for not buying” Amazon shares, Buffett said. “But I want you to know it’s no personality changes taking place.”

http://www.cnbc.com

Huawei set to win smartphone sales race

Samsung leadership at stake

Huawei is on track to outstrip Samsung to become the world’s biggest-selling smartphone brand by the end of this year. The Chinese tech behemoth said last week that it would tap into its bourgeoning consumer business to sustain growth.

Huawei’s snappy smartphones and laptops, which offer distinct value for money, have poached discerning buyers from Apple and Samsung, helping the Chinese company remain confident despite the US-led blanket ban on its business-to-business telecommunications gear, which has seen revenues from wireless and base station equipment go flat.

http://www.asiatimes.com

US economy grows by 3.2% in the first quarter

Exports rose 3.7% in the first quarter, while imports decreased by 3.7%

The U.S. economy grew at a faster pace than expected in the first quarter and posted its best growth to start a year in four years.

First-quarter gross domestic product expanded by 3.2%, the Bureau of Economic Analysis said Friday in its initial read of the economy for that period. Economists polled by Dow Jones expected growth of 2.5%. It was the first time since 2015 that first-quarter GDP topped 3%.

http://www.cnbc.com