Homebuilder sentiment inches lower despite demand for single-family homes

The nation's homebuilders reported solid confidence in the housing market in June, but levels dropped slightly due to concerns over trade issues, the high costs of construction and the lack of skilled labor.
Real Estate

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Trump won’t fire Conway despite federal agency recommendation

President Donald Trump said Friday that he would not fire his adviser Kellyanne Conway, despite the US Office of Special Counsel’s recommendation that she be removed from federal service for several violations of the Hatch Act.


CNN.com – RSS Channel – Politics

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Hong Kong leader vows to go ahead with contentious China extradition law despite mass protest

Hong Kong's top official doubled down on a plan to allow extraditions to the Chinese mainland after hundreds of thousands of protesters took to the streets demanding it be scrapped and she resign in the biggest protest to shake the city in years.
Asia-Pacific News

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Stock markets climb despite disappointing jobs report data

Topsy-turvy thinking is back in style on Wall Street. Bad news on Friday — that the US economy only added 75,000 jobs last month, sorely short of the 175,000 analysts expected — was hailed as good news on Wall Street, with traders betting that the lousy jobs data will boost the likelihood of looser rates…
Business | New York Post

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‘Uber of Weed’ wants to raise $100M despite app store bans

Snoop Dogg-backed cannabis company Eaze is raising a new round of financing that’s expected to value it at $ 800 million — despite Google trying to kill the vibe on Wednesday, sources told The Post. The San Francisco company is seeking $ 100 million in a fundraising bid that could value the pot delivery service at 140…
Business | New York Post

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China is driving growth in Asia’s real estate market despite trade war headwinds, report finds

Despite a decline in global commercial real estate markets, Asia-Pacific continues to enjoy a record-breaking growth — thanks to China, according to the Global Capital Flows report by JLL.
Real Estate

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Home sales fell in April despite a big drop in mortgage rates

Sales of existing U.S. homes fell 0.4% in April compared with March to a seasonally adjusted annualized rate of 5.19 million units, according to the National Association of Realtors. Sales were 4.4% lower compared with April 2018.
Economy

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China still ‘cautiously optimistic’ on U.S. trade talks despite new tariffs

China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu He said as U.S. President Donald Trump ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China.


Reuters: Business News

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‘Varsity Blues’ Ringleader Rick Singer Still Living Large Despite Bribery Plea

Rick Singer, the man who pulled all the strings in the massive college admissions bribery case, is living the Porsche lifestyle while the clients he ratted out face years in prison. Shirtless Rick was chillin’ at a public pool Tuesday in St.…

TMZ.com

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Despite the Trump Admin’s ‘All-Out Offensive,’ Huawei’s Global Smartphone Sales Soar

The belfry of Berlin’s landmark Kaiser Wilhelm Memorial Church, an imposing former imperial church that was preserved as a partial ruin after World War II, is now wrapped in a huge ad for Huawei, the Chinese electronics company. Unlike on previous occasions when something like this was tried, Berliners aren’t protesting.

The setup is symbolic of the ascent of Huawei Technologies outside the U.S., a trajectory that has not been changed by an all-out offensive against the company by the Trump administration. Although that onslaught mainly targets Huawei’s network equipment business–the U.S. tells its allies that the company’s equipment represents a spying threat–it could be expected to tarnish a brand that is China’s sixth and the world’s 48th most valuable, according to Kantar’s BrandZ ranking for 2018. That, however, doesn’t appear to be the case. Global consumers are delivering a quiet vote of no-confidence in Donald Trump’s U.S. The country where Apple’s iPhone was born may soon find itself in the bizarre position of shunning the global industry leader–a type of spiteful self-harm hardly befitting the global tech superpower.

In the market for 5G network equipment, mobile operators often find it difficult to replace Huawei products because the Chinese company has spent years building an edge in the emerging technology. But the smartphone market is so competitive that only one company in it, Apple, has significant profit margins. There are plenty of alternatives to Huawei phones, many with similar specifications and at lower prices. And at least since December, when Huawei’s Chief Financial Officer Meng Wanzhou was detained in Canada at the request of the U.S., the U.S. government has been running an influence campaign against the company.

Yet Huawei’s sales in its biggest segment, the consumer one, have been booming. The company is now “within striking distance” of absolute leadership in smartphone sales, as the market analytics company IDC noted this week. In the first quarter of 2019, Huawei’s unit sales increased 50.3% year-on-year, while most other major vendors’ dropped.

Unlike some of the unit sales leaders, such as Oppo and Vivo, Huawei did not draw a large majority of its sales from China. According to IDC data, half of the company’s unit sales in the latest quarter occurred in the home market. Europe, the Middle East, and Africa provided a further 33% of the sales–only slightly less than for Samsung Electronics, the current, declining market leader.

Huawei achieved this in part by closely tracking Samsung’s offerings and pricing strategy in every region. According to Bloomberg Intelligence, its phones are, on average, just a tiny bit cheaper than the Korean competitor’s everywhere except China, where Huawei’s leadership is assured, and Canada and Japan, where the price differences are more stark.

But, especially since last year, Huawei has grown explosively in the high-priced segment. It offerings, especially the 2018 Mate 20 Pro released in October, have been getting rave reviews and top rankings–often above Apple’s flagship models. One reason is the partnership with German premium camera manufacturer Leica. It has led to impressive results, especially in low-light photography, where reviewers deem top-range Huawei phones to be far ahead of the competition.

Huawei’s flagship phones are priced uncompromisingly in line with competitors, but in an era of incremental improvement, they deliver tangible advantages, especially when it comes to photography. With Samsung forced to delay its first foldable phone after reviewers discovered multiple problems, Huawei has a chance to strengthen its position by offering the first such device. The technological robustness is unsurprising: Last year, Huawei spent 14.1% of revenue on research and development, compared with Apple’s 5.3% and Samsung’s 7.5%.

In absolute terms, Huawei spends about as much on marketing as on R&D–its selling and administrative expenses reached 105.2 billion yuan ($ 15.6 billion) last year. Although that’s less than Apple’s $ 16.7 billion and Samsung’s $ 28 billion, it’s still an enormous budget, especially given that Huawei doesn’t need to market its products in the U.S. Despite numerous attempts, it has failed to establish a relationship with any of the U.S. mobile carriers, which sell 90% of all phones.

Much of Huawei’s marketing spending is focused on Europe, where it’s been opening flagship stores, plastering city centers with ads (I’ve seen huge ones everywhere I’ve traveled recently, from Denmark to Romania) and engaging in projects like the one with the Memorial Church. Berliners aren’t demonstrating against it as they did in 1999, when advertising first covered the belfry, because the church has explained it’s the only way it can collect most of the 4 million euros ($ 4.5 million) necessary for the belfry’s renovation. The church’s foundation discussed the Huawei contract after the U.S. campaign began but decided to go through with it, deeming the American accusations against the company “vague.”

Whether Huawei is employee-owned, as it claims, or state-controlled, as American researchers have recently claimed, whether it’s the Chinese government’s Trojan horse in consumers’ pockets or merely a smart, fierce competitor in a tough market, it’s well-positioned to overtake Samsung as the unit shipment leader in smartphones–despite having sold just $ 70 million worth of phones in the U.S. last year. As it makes this power grab, it’s doing its best to fix a problem that has confounded Samsung: How to extract more profit from innovation, as Apple does, instead of competing on price. Last year, its gross margin reached 38.6%, about the same as Apple’s 38.3% and more than the 37.8% Samsung is projected to record this financial year.

At this point, the only way for the U.S. to try to derail Huawei would be to slap on it the kind of sanctions that were briefly imposed on another Chinese vendor, ZTE Corp., last year: a ban on the use of any U.S. technology. But even then, Huawei would fight back. It has made a conscious effort to produce as many components as possible in-house, including crucial ones like processors. It recently announced that it had developed its own operating system in case it’s banned from using Alphabet‘s Android.

With Huawei second in global smartphone unit sales, it should be hard for Americans to understand why a company whose products are so popular in the rest of the world is, for all intents and purposes, absent from the U.S. market. Surely many U.S. customers, given an opportunity to buy Huawei phones from carriers, would be as unimpressed by the government’s spy paranoia as their peers in Europe or Latin America. If Huawei ever reaches the top spot, the question will loom even larger.

Fortune

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Melinda Gates Reveals What Keeps Her Grounded Despite Her Wealth | SuperSoul Sunday | OWN

OWN

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Despite being exposed, fake news thrives on social media ahead of India polls

MUMBAI/NEW DELHI – Two weeks after a suicide bombing in Kashmir in February killed 40 Indian policemen, a Facebook user called Avi Dandiya posted a live video in which he played a recording of a call purportedly involving India’s home minister, the president of the ruling Bharatiya Janata Party (BJP) and an unidentified woman. The…
Technology News & Reviews | New York Post

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Why the economy’s not so hot, despite decent stock numbers

The first quarter of 2019 ended last Sunday and a lot went wrong with the economy, although the stock market didn’t seem to notice or care. But were the first three months of this year really as bad as the statistics seem to indicate? Or are first quarters in general just fluky? The Federal Reserve…
Business | New York Post

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Mulvaney pushes the health-care fight Trump wants despite GOP’s misgivings

Acting chief of staff helped persuade the president to support striking down the ACA, over the objections of some on Capitol Hill.
Politics

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Wall Street bonuses fall despite sky-high profits

Wall Street slashed bonuses by a whopping 17 percent last year, even as profits across the securities industry reached an all-time high, according to a new report. The average securities industry employee saw their bonus decline to $ 153,700, down more than $ 30,000 from last year’s average, according to New York state Comptroller Thomas P. DiNapoli’s…
Business | New York Post

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Israeli stocks rise despite attorney-general plan to indict Netanyahu

Israeli shares opened higher on Sunday morning, shrugging off news that the country’s attorney-general intends to indict Prime Minister Benjamin Netanyahu on corruption charges.


Reuters: Business News

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Kimmi Stays Positive Despite Bad Weather on Her Wedding Day | Love and Marriage: Huntsville | OWN

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Liam Payne reunites with Cheryl for video call on The Greatest Dancer despite Naomi Campbell romance

CHERYL got a video call from her ex-boyfriend Liam Payne as he made a surprise guest appearance on The Greatest Dancer tonight.

The pop star showed she’s got no hard feelings towards the former One Direction star after it was revealed he’s dating supermodel Naomi Campbell.

Liam Payne appeared on Cheryl’s show The Greatest Dancer

She invited him to appear in a pre-recorded video message during her act Froback’s performance.

Mid-song, her phone rang and as Liam’s face came up on screen, he said: “Chez can you put the Frobacks on please?”

Cheryl jokingly rolled her eyes and looked upset as she turned the phone around to face the stage.

Liam continued: “Hey man, you guys are killing it.

“I’d love you teach me those tricks some time so make sure you get my number off Chez, ok?”

Cheryl pretended to be annoyed as she passed the phone to her act
The boys jumped up and down in excitement at being on video call with Liam Payne

Got a story? email digishowbiz@the-sun.co.uk or call us direct on 02077824220.

We pay for videos too. Click here to upload yours.


 

TV and Showbiz – latest celebrity news, gossip, photos, TV and film reviews | The Sun

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December pending home sales drop to lowest point in five years, despite much lower interest rates

House hunters signed 2.2 percent fewer contracts to buy existing homes in December, according to the National Association of Realtors. These so-called pending sales are a future indicator of closings in one to two months.
Real Estate

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Gov. Northam refuses to step down, despite flood of calls for his resignation over racist photo

Northam insists he is not in the photo in the 1984 medical school yearbook.
Politics

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Northam tells Virginia Democrat it wasn’t him in racist photo, won’t resign despite mounting pressure to do so

Virginia Gov. Ralph Northam has told a source he now believes it is not him in a racist yearbook photo and that he has no recollection of taking the photo, according a top Virginia Democratic source who spoke to the governor on Saturday.


CNN.com – RSS Channel – Politics

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Doctor booking app Zocdoc to start charging new patient fee despite objections from users

Some doctors say they could see a huge increase in their fees, but Zocdoc says it's appealing to physicians in more rural areas.
Health and Science

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Home improvement stocks can get good returns despite fading consumer sentiment: Analyst

Home improvement could soften this year, but a "fairly healthy level" of appreciations can support remodeling growth, G.research's Alvaro Lacayo says.
Real Estate

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Congo court upholds Felix Tshisekedi’s election win despite leaked data that suggests results were rigged

Opposition candidate, Martin Fayulu, immediately declared himself president and said the court’s decision was “nothing more than a constitutional coup” while calling for “peaceful protests.”
World

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Ellen DeGeneres Says She Wants Kevin Hart to Be the Oscars Host Despite Homophobic Comments

Ellen DeGeneres said she wants Kevin Hart to be the host of the 2019 Academy Awards – despite the revelation of homophobic comments that he posted on social media.

The Ellen Show host, one of the first openly lesbian Hollywood stars, announced her support for Hart after a candid interview on her talk show in which he apologized again for the remarks.

“I believe in forgiveness. I believe in second chances. And I believe in Kevin Hart,” DeGeneres wrote on Twitter Friday.

During the interview – set to air Friday – Hart said that when homophobic slurs and jokes he had made “a decade ago” resurfaced in December, when it was announced he would be hosting the Oscars, he was unwilling to apologize because he had already “addressed” his past homophobia.

In the end, he stood down and later apologized again for his comments – which included saying in 2010 that one of his biggest fears was his son growing up to be gay. Some of his now-deleted homophobic tweets were posted in 2011, according to BuzzFeed News.

“When it happened,” he said of his comments resurfacing, “my first thought is, I’m going to ignore it because it’s ten years old. This is stuff I’ve addressed, I’ve talked about this. This isn’t new,” he said. “I’ve apologized for it.”

He went on, “I’ve taken 10 years to put that apology to work … I look at life through a different lens, and because of that I live it a different way … I don’t joke like that any more. Because that was wrong.”

“I know you’re not that guy, because I know you,” said Ellen, after a long period where she allowed Hart to talk uninterrupted. “The night will be about you, and it should be about you, and you should host the Oscars.”

A source told People magazine on Thursday that the Academy was considering asking Hart back after the controversy.

But some Twitter users were not convinced. “It’s depressing that Ellen’s enthusiasm for Hart hosting the Oscars … led her to contribute to a narrative that Hart is the victim of “haters” & “trolls” out to “destroy” him,” said Adam Vary, a journalist for BuzzFeed and one of the Twitter users who highlighted Hart’s homophobia when it was first announced he would be hosting the Oscars.

“LGBT people who love the Oscars were legitimately startled to see just how harsh his words were,” Vary said.


Entertainment – TIME

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Despite Government Shutdown, Homeland Security Border Patrol Remains on the Job. And Unpaid

With the shutdown in effect, the borders remain guarded and ships, planes, and trains–as well as merchandise–will still be allowed to enter and leave the U.S. under a contingency plan set by the Department of Homeland Security. Nearly 88% of its workers will be required to report to work, but will not receive a paycheck for the duration of the funding lapse.

About 53,000 TSA employees, 54,000 Customs and Border Protection agents and officers, and 42,000 Coast Guard members and staff must work without pay, according to research from the Senate Appropriation Committee’s vice chair, Democrat Patrick Leahy. Essential employees also include anyone involved in counter-terrorism efforts, intelligence gathering, or providing telecommunications support for DHS workers.

The 88% of all DHS employees who must remain on the job are part of about 420,000 federal workers also forced to perform their duties at agencies for whom no budget or stopgap measure has been approved. Some may receive payment if funds remain in certain accounts or their positions or work are funded by agencies unaffected by the partial shutdown. The other 12% of DHS workers, and 380,000 employees across government, will be furloughed–and also not paid for the duration.

DHS and other federal workers required to report to their jobs will receive back pay when a funding measure finally gets approved. Furloughed workers will almost certainly also receive pay for the period they were not working, as has happened routinely following previous shutdowns, such as a brief one in January 2018.

Federal agencies generally cannot spend money ahead of appropriations, requiring this suspension of non-essential operations and all pay. But workers who fit certain exemptions have to report to work during government shutdowns. The DHS noted in a contingency plan prepared for the shutdown, “An employee who refuses to report for work after being ordered to do so will be considered to be in an absence without leave status and may be subject to administrative or disciplinary action for not reporting for work.”

In that plan, updated Dec. 17, DHS spelled out the many exemptions that apply to its employees. That includes members of the active military, those engaged in foreign relations essential to national security, and most significantly, workers who are “necessary for the safety of human life or protection of property.” That sweeps in most DHS employees outside of those involved in planning, research, auditing, training, and areas related to regulatory and public policy work.

Fortune

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http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

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Stocks end week down despite Trump’s assurances about China

Wall Street is forecasting bleak times. US markets sold off sharply Friday after weak economic data from China stoked worries of a global slowdown in 2019. The Dow Jones industrial average was down 496.87 points, shedding 2 percent, to close at 24,100.51, after retail growth in China slowed to its lowest level in more 15…
Business | New York Post

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Neiman Marcus ‘pleased’ with sales despite slow holiday

Luxury department store chain Neiman Marcus is having a ho-hum holiday. The Dallas-based company said comparable sales rose just 2.8 percent from a year ago in the quarter ended Oct. 27, compared with 4.2 percent growth in the same period last year. Its net sales dipped 3 percent, to $ 1.1 billion. “I’m pleased that our…
Business | New York Post

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Week 9 Takeaways: Ben Big Despite Scare in Baltimore, Carolina Can’t Be Stopped

Plus, Nathan Peterman can’t catch a break any more than his receivers can catch a pass, FitzMagic had them where he wanted them, Lions miss Golden Tate, Browns stink no matter who coaches them, Darnold’s nightmare run continues, and the Ravens are kidding themselves if they think John Harbaugh is the problem

Latest News

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Despite rhetoric, illness threat from migrants is minimal, experts say

The Trump administration is painting the group of migrants from Central America as a threat to national security and some conservative commentators now claim that the immigrants are a threat to American’s health, but in reality experts say the people whose health is most at risk are the migrants themselves, but the risk is temporary.


CNN.com – RSS Channel – Health

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GM offers 18K workers buyouts despite $2.5B profit

DETROIT — As General Motors reported a healthy $ 2.5 billion third-quarter profit, the Detroit automaker ramped up its cost-cutting efforts by offering buyouts to 18,000 white-collar workers. The company, while acknowledging it’s in good shape now, said Wednesday it needs to be smaller to prepare for tougher times that might be ahead as it continues…
Business | New York Post

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Kylie Jenner: Why She’s ‘Changed Her Mind’ About Marriage To Travis Scott Despite Stormi

Kylie Jenner feels that a marriage to Travis Scott might ‘get complicated!’ A source close to Kylie told HL EXCLUSIVELY why she’s not rushing to walk down the aisle with Travis!

Hollywood Life

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Saudi crown prince proclaims investment conference a success despite boycott

Saudi Arabia’s crown prince trumpeted on Tuesday a conference that has drawn investment deals worth $ 50 billion despite a boycott over the killing of journalist Jamal Khashoggi, declaring the event as “great – more people more money”.


Reuters: Business News

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IMF’s Christine Lagarde says she’s still attending Saudi event despite ‘horrifying things’ reported

"I have to conduct the business of IMF in all corners of the world, and with many governments," said Christine Lagarde, managing director of the International Monetary Fund. "When I visit a country, I always speak my mind."
Asia-Pacific News

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