The euro saw a sharp surge as Mario Draghi spoke on Thursday afternoon, with the president of the European Central Bank (ECB) discussing inflation expectations and the potential end of its asset-purchase program. This is a breaking news story, please check back later for more. Source: cnbc Euro surges against dollar as Draghi comments on […]
Read moreThe number of Americans filing for unemployment benefits fell more than expected last week, touching its lowest level in nearly five months, suggesting another month of strong job growth. Initial claims for state unemployment benefits dropped 15,000 to a seasonally adjusted 233,000 for the week ended July 15, the Labor Department said on Thursday. That […]
Read moreAre you wondering when the current tide of creative destruction from the FANG stocks will recede so we can go back to our old ways of investing in what we know? Like brick-and-mortar retailers, television and radio assets, movie production companies and advertising? If you’re one of the holdouts waiting to wade back into Amazon‘s […]
Read moreThe European Central Bank (ECB) held interest rates and asset purchases steady on Thursday, amid speculation that the bank will start to scale back its ultra-loose monetary policy in the fall. The central bank said that economic conditions remained positive but attempted to calm markets by striking a somewhat dovish tone and insisting that it […]
Read moreA home is only worth what someone is willing to pay for it, and apparently, that tab just hit its highest level in history. The median value of all homes in the United States in June surpassed $200,000, up 7 percent from a year ago, according to Zillow, a real estate listing company. Valuing homes […]
Read moreCheck out which companies are making headlines before the bell: Travelers – The insurance company reported profit of $1.92 per share, missing estimates of $2.11 a share, although revenue beat forecasts. Results were impacted by higher weather-related losses. Travelers did see record premiums and higher investment income. Blackstone – The asset manager came in three […]
Read moreMore than 150,000 ether tokens, a digital currency similar to bitcoin, worth around $30 million were stolen by cybercriminals on Wednesday. Around 153,000 tokens were taken by hackers, according to data from Etherscan. 44,055 tokens were stolen from commerce platform Swarm City. The theft was noticed at 12:30 p.m. ET on Wednesday, according to Swarm […]
Read moreSpaceX’s chief said Wednesday that the first launch of its big new rocket is risky and stands “a real good chance” of failure. Founder Elon Musk told a space station research conference Wednesday that he wants to set realistic expectations for the flight later this year from Cape Canaveral. The Falcon Heavy will have three […]
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Israel earlier this year found itself in the strange situation of apparently overnight having become a major player in the car manufacturing industry. The $15 billion acquisition in March of autonomous driving, computer vision, company Mobileye by Intel raised awareness of the country’s strides in the field of automotive high-tech, and according to industry experts […]
Read moreCurrency, United States Finance
Trump made the same mistake as Obama on health care, former Reagan aide says
President Donald Trump and former leader Barack Obama both made the same mistake in relying on the U.S. Congress and Senate to push through health-care legislation, a former assistant for the U.S. secretary of commerce has told CNBC. “He just left it to the House and Senate. President Trump has made a similar mistake with […]
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