China’s yuan, stocks slump as trade dispute escalates By Reuters

SHANGHAI (Reuters) – The Chinese yuan slumped to a fresh 11-year low against the dollar on Monday and stocks fell in the wake of fresh salvos in the China-U.S. trade war. The sold off 0.6% in early trade to 7.15 per dollar, its weakest since February 2008, marking its second biggest one-day drop of the month. The fell to its weakest level on record at 7.1850 per dollar. The yuan has fallen some 3.6% so far this month as trade tensions between Beijing and Washington worsened. On Friday, U.S. President…

Lithuania Industrial Production Rises In July

Lithuania’s industrial production rose in July, figures from the Department of Statistics showed on Friday. Industrial production rose 1.2 percent month-on-month in July. Output in water supply rose the most, by 12.7 percent monthly in June, and that in mining and quarrying increased by 5.4 percent. The manufacturing output rose 0.8 percent in June. On an unadjusted basis, industrial production gained 2.3 percent in June. On an annual basis, industrial production rose a working day adjusted 1.2 percent in June. On a non-adjusted basis, production increased 6.9 percent. For comments…

Cree Beats on Earnings, but Slumps Anyway

Cree Beats on Earnings, but Slumps Anyway

Semiconductor stock Cree Inc. (CREE) beat earnings estimates on Tues., Aug. 20 but the stock gapped below its 200-day simple moving average at $54.27 and traded around its semiannual pivot at $48.64 on Wednesday and Thursday. As a result, the weekly chart will end this week negative. Cree closed Thursday at $47.80 up 11.7% year-to-date and in bull market territory 41.8% above its Oct. 11 low of $33.72. The stock is also in bear market territory 30.9% below its 2019 high of $69.21 set on April 24. The LED and…

How to Turn an iPhone Into a Work-Only Tool

How do New York Times journalists use technology in their jobs and in their personal lives? Conor Dougherty, who covers economics from San Francisco, discussed the tech he’s using. What tech tools do you rely on most to do your reporting? This isn’t very remarkable or unexpected, but I spend a lot of time on news apps. Throughout the day I cycle through The San Francisco Chronicle, The Los Angeles Times, The Wall Street Journal, East Bay Times, three of California’s Bees (Sacramento, Fresno, Modesto) and, of course, The New…