U.S. stock markets aren’t offering the best opportunity and investors should taking bets against them, a chief information officer at a London-based investment manager has told CNBC. Patrick Armstrong, the CIO at Plurimi Investment Managers, believes that very high valuations, an expected tightening in monetary policy and too much optimism over tax cuts and new […]
Read moreMeeting with our clients is one of the best parts of my job. Many of our clients have been with us for several years, and our meetings are like conversations with old friends. While we spend a good amount of time in our meetings reviewing portfolios and discussing financial issues that are affecting them, most […]
Read moreA new Federal Reserve under Gary Cohn would likely reverse the policies of Chair Janet Yellen, closely followed strategist Mark Grant told CNBC on Wednesday. The chief strategist at Hilltop Securities spoke as a new report said President Donald Trump could nominate his National Economic Council director to lead the Fed. Citing four sources, Politico […]
Read moreGold could be the next asset to break out. Michael Dudas, a Wall Street analyst who has followed precious metals and miners for decades, predicts gold is on the cusp of recovering its losses. “I think this is a good time to get back into the mill,” the Vertical Research analyst said Tuesday on CNBC’s […]
Read moreFor the last five years, Oscar Health has sought to portray itself as a new kind of health insurer, taking an approach that set it apart from its more traditional competitors. Now, Oscar plans to work with one of those rivals on a new venture. The start-up plans to announce on Wednesday that it is […]
Read moreMore than 80,000 websites including giants such as Facebook, Amazon and Google, are taking part in an online protest on Wednesday against the U.S. telecoms regulator’s plan to roll back net neutrality rules. Under the Barack Obama administration in 2015, rules were put in place that meant internet service providers (ISPs) such as Comcast, Charter, […]
Read moreFar from being a hot tech stock, the best-performing stock in the Dow Jones industrial average this year is a stalwart that action-seeking traders may not think about too much: Boeing. Year to date, Boeing shares have surged 32.5 percent. Over the past year, the aircraft manufacturer has enjoyed a 56 percent rally, making it […]
Read moreMortgage rates just saw their biggest jump since the presidential election, and that took a heavy toll on demand for home loans. Total mortgage application volume fell 7.4 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted report. Volume was 36 percent lower than a year ago. “Rates continued […]
Read moreCurrency, United States Finance
EU's chief Brexit negotiator warns on final UK divorce bill; hits back at Boris Johnson comments
This is a breaking news story, please check back later for more. Follow CNBC International on Twitter and Facebook. Source: cnbc EU's chief Brexit negotiator warns on final UK divorce bill; hits back at Boris Johnson comments
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UK should accept WTO tariffs to gain US-style immigration system, says Wetherspoons founder
Britain should be willing to accept “a few tariffs” under the World Trade Organisation (WTO) rules in order to regain control of its borders and establish a new points-based immigration system akin to the U.S., the chairman of British pub chain J D Wetherspoon has said. Tim Martin, founder of the chain which employs some […]
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