King World News is a news and financial website that covers the latest in world finance, business, sports, entertainment and more. The site has been around since 2000 and it’s grown to be one of the most popular sources for daily headlines. Here are some of the top stories from King World News this week:
Bitcoin’s price dropped 28% in the last seven days.
The Dow Jones industrial average lost more than 600 points Thursday after China devalued its currency, sending global markets to their worst day in six months.
Apple Watch sales may have been underwhelming as it was rumored to be a “flop” by Wall Street analysts, according to an article published by CNBC.
The International Monetary Fund cut its global growth estimates for the first time since 2009 in October and is issuing warnings about a slowdown in China’s economy.
Thailand will join France as one of only two countries that have ever successfully been able to eradicate this virus after it was found in a critically endangered species of wild cattle.
China has suspended all coal imports from North Korea until the end of 2017, according to an article published by Reuters.
UBS is reportedly considering scrapping free banking in Switzerland because it’s too expensive and earnings are coming under pressure.
Prime Minister David Cameron announced that he will step down on July 13 following the British vote to leave the European Union.
The U.S. Federal Reserve said Friday that it cut its growth forecast for 2016 and 2017, signaling a weaker global economy is weighing heavily on an American pickup in activity this year.
Cemex, one of Mexico’s most important construction companies and the world’s largest cement producer, said Friday that it will cut its global workforce by 18 percent to reduce costs.
The European Union is considering approving a free trade agreement with Canada, the latest sign of new life for an international partnership inching toward completion amid disagreements over U.S. President Donald Trump’s stance on globalization and trade deals this week.
The head of the U.S. Special Operations Command said Thursday that ISIS is already plotting attacks on America and Europe fueled by their rapid loss of territory in Iraq and Syria to Western backed forces, a warning reinforced hours later with the announcement Friday morning that at least nine people have been injured after an attacker drove onto a sidewalk in Lower Manhattan.
Trumka, who is a member of President Trump’s manufacturing council along with the heads of General Motors, IBM and U.S. Steel, said it was “unfortunate” that so many CEOs bailed on the White House this week in protest over his response to racist violence in Charlottesville Va., but stressed that he’ll stay on the council as long as he’s allowed to “make a difference.”
The top stories from King World News:
The stock market is coming off of the all time highs and there are a number of reasons for this. Some experts believe that Trump’s impact on the economy might not be as strong as some believed, while others think it may take longer than expected to see real growth in the US economy.