Toshiba resumes talks for sale of microchip business

Toshiba continues to struggle in the sale of its microchip business to shore up its financials.  After failing to reach a final agreement with a consortium of buyers, the company has again returned to offer up its business unit for the auction block. Read article.

Prime day saw a 60% increase in sales YoY

The 30 hour Prime day event saw a 60% increase in sales YoY with prime members making purchases growing by 50%.  Sales surpassed any single day in Amazon history including Black Friday and Cyber Monday. Read article.

China posts better than expected trade date for June

China trade data for June was better than expected indicating stronger than expected global demand for Chinese goods and domestic consumption of construction materials.  However looking to the second half of the year concerns remain on the potential of trade tensions with the US and other geopolitical risks weighing on global demand. Read article.