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Malaysia's medical glove industry was under pressure to crack down on labour abuses on Thursday after the United States blocked imports from the world's largest manufacturer, with demand for the product surging due to the coronavirus pandemic. The U.S. Customs and Border Protection said it had placed a detention order on imports of products made by subsidiaries of Malaysia's Top Glove, "based on reasonable evidence of forced labour in the manufacturing process". Top Glove said it was seeking details on the order, which it said may be related to recruitment fees paid by migrant workers to employment agents....
Alex Hamerstone, Head of risk management at TrustedSec, joins The First Trade with Alexis Christoforous and Brian Sozzi to discuss the recent cyberattack on Twitter that hit high profile accounts like Joe Biden, Warren Buffett, Elon Musk, Uber, and Apple. ...
Back when the CARES Act was passed in April, much was made over Congress' somewhat surprising decision to leave the cruise lines out of its massive fiscal stimulus program. The act stipulated that recipients must be "created or organized in the United States or under the laws of the United States and has significant operations […]...
It is a pleasure to report that the Discover Financial Services (NYSE:DFS) is up 59% in the last quarter. But in truth......
Jim Kamsickas became the CEO of Dana Incorporated (NYSE:DAN) in 2015, and we think it's a good time to look at the......
The global economy will not achieve a v-shaped recovery after the coronavirus epidemic, which will curtail oil and gas demand for years, Royal Dutch Shell's chief executive said. Ben van Beurden told an online interview with IHS Markit Chairman Dan Yergin that it was too early to know if demand for oil had peaked. The rapid growth in consumption of natural gas and liquefied natural gas in recent years has also been stalled, van Beurden said....
Apple Inc. (NASDAQ: AAPL) is well-positioned for improving results in the back half of 2020 and in 2021 as the 5G cycle powers up, according to Canaccord Genuity.The Apple Analyst: Michael Walkley maintained a Buy rating on Apple and raised the price target from $310 to $444.The Apple Thesis: The 5G upgrade cycle is a potential catalyst for Cupertino, Walkley said in a Thursday note. (See his track record here.)Apple's earnings are likely to be boosted by a ramp in 5G smartphones in the second half of this year and beyond, the analyst said. Despite Apple being forced to close retail stores again, iPhone sales improved in the June quarter and are likely to continue improving through the rest of the year, he said. Walkley expects the December quarter to be a strong one, driven by new iPhone 12 models, supporting 5G and other features.The continued mix shift toward Services make...
