Rolls Royce, China, Uber: This Week's Top Trending Financial Tweets - Week 9

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02/28/2019 | 02:30 pm
Welcome back to our weekly recap of financial Tweets. We've got news about Rolls Royce, China, Uber and more, so here goes: this week's selection of 7 trending financial Tweets.

#7. No US-North Korea agreement

During the Hanoi summit between the United States and North Korea this week, no agreement was reached, CNBC reports. President Trump walked away from the negotiating table and a pre-planned agreement signing was canceled.

However, things might still change in the future; although no agreement was reached this time, both teams look forward to meeting again in the future.

#6. China’s factory activity

China’s February factory activity fell to its lowest point in three years as export orders fell at the fastest pace since the global financial crisis, Reuters reports. These figures further increase concerns about a Chinese slowdown, especially if the current Sino-US trade talks don’t turn out as hoped.

The official Purchasing Manager’s Index (PMI) fell from 49.5 in January to 49.2 in February.  

#5. SpaceX gets NASA approval

SpaceX has officially gotten the approval of NASA to conduct the first orbital launch of its Crew Dragon, TechCrunch reports. The launch will probably take place on March 2 and will be the last and most important hurdle for SpaceX to tackle before it can send actual human astronauts to the International Space Station.

#4. Uber and Lyft’s stock plans

Ride-hailing companies Uber and Lyft both have IPO plans. These plans could hold good news for some of their longest-serving and/or most-active drivers. The companies are considering to give some of their drivers money to buy stock in their IPO’s, a rare move that would give said drivers access to two of the most anticipated initial public offerings ever, the Wall Street Journal reports.

#3. Lifestyle guru teams up with cannabis company

Martha Stewart, one of the world’s most famous lifestyle gurus, has taken on a new advisory role. She’s teaming up with the world’s biggest cannabis company, Canopy Growth Corp, to help them develop a new line of products for both humans and animals, Bloomberg reports.  

#2. Rolls-Royce drops out of Boeing race

On Thursday, British company Rolls-Royce said it dropped out of the race to power Boeing’s new mid-market plane, Reuters reports. CEO Warren East said the company took the decision because it couldn’t make the product within the timetable for the aircraft.

#1. India - Pakistan tensions

Tensions between nuclear-armed nations India and Pakistan increased this week. On Tuesday, India dropped bombs inside Pakistan and Pakistan took down an Indian fighter jet on Wednesday, the New York Times repots.

On Thursday, Pakistan announced that it would release a captured Indian pilot as a gesture of their desire for peace.

Well, there you have it, the ninth week of 2019 all captured in Tweets. As always, we'll continue to track Twitter and bring you the top financial micro-messages from the web. See you back here next Friday.


Neelie Verlinden
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