A new digital currency called “bitcoin cash” (BCC), created by the splitting of the bitcoin blockchain, is rapidly rising in price despite lacking crucial support from parts of the cryptocurrency community. “There’s no infrastructure available out of the box, to support BCC,” warned Fran Strajnar, co-founder and CEO of data and research company Brave New […]
Read moreCheck out which companies are making headlines before the bell: Mondelez – CEO Irene Rosenfeld is stepping down from that job in November, to be succeeded by McCain Foods CEO Dirk Van de Put. Rosenfeld will remain as chair until March 31, 2018. Separately, Mondelez reported quarterly profit of 48 cents per share, beating estimates […]
Read moreDemocrats are calling for harsh new punishments on companies that outsource jobs and a crackdown on currency manipulation, embracing a more populist economic agenda as they seek to win back control of Congress in next year’s midterm elections. Senate Minority Leader Chuck Schumer of New York is slated to announce the plan Wednesday morning with […]
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With Tesla reporting earnings after the bell on Wednesday, trader Todd Gordon of TradingAnalysis.com is hedging his position in the automaker. While Gordon has called Tesla one of his favorite picks, he acknowledges that the stock is “underperforming” on a technical basis going into earnings, based on the stock’s gradual drop toward a “support” line […]
Read moreBoth homeowners and homebuyers are taking a step back from the mortgage market, as stagnant interest rates give them no particular reason to act quickly. Total mortgage application volume fell 2.8 percent on a seasonally adjusted basis last week compared with the previous week, according to the Mortgage Bankers Association. Volume was 22 percent lower […]
Read moreStandard Chartered reported its underlying pretax profit for the six months to end-June rose 93 percent to $1.8 billion, as the bank’s revenues continued to stabilize following two years of hefty restructuring and losses. The bank reported underlying loan impairments of $583 million for the first half, down from $1.1 billion in the same period […]
Read moreApple’s iPhone has “gone out of fashion in China” which is holding back its performance globally, according to one analyst, but CEO Tim Cook said a continued good relationship with WeChat owner Tencent could help it gain users. Greater China revenues for Apple fell 10 percent year-on-year in its fiscal third quarter to just over […]
Read morePrince Philip, the 96-year-old husband of Britain’s Queen Elizabeth, will make his final solo appearance at an official engagement on Wednesday before he retires from active public life. Philip will attend a parade of Royal Marines at Buckingham Palace after more than 22,000 solo appearances over the last 65 years. He is the Captain General […]
Read moreCurrency, United States Finance
NASA is looking for someone to protect Earth from aliens – and the job pays a six-figure salary
Ever fancied yourself as a bit of a hero? How about the protector of mankind? Well now NASA is looking for just that – and it’ll pay a six-figure salary for the honor. The U.S. space agency is currently in search not of life on other planets but of a “Planetary Protection Officer”, who can […]
Read moreTech stock valuations were a big topic of discussion on CNBC last week which was full of earnings from the likes of Facebook, Alphabet and Amazon. Expectations were high ahead of the reports from the largest companies in the world, and investors got a mixed bag. Facebook had blowout numbers, Google parent Alphabet beat expectations […]
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