Former Federal Reserve Chairman Alan Greenspan is wrong about a bond bubble, and interest rates can go much lower, closely followed strategist Mark Grant said Tuesday. Greenspan warned on Friday that the bond market is on the cusp of a collapse that will threaten stock prices. Once it starts “it will be rather rapid,” he […]
Read moreVictims of bank fraud should not expect automatic refunds and are sometimes at fault for not taking a “duty of care”, the CEO of RBS has reportedly said. Chief Executive Ross McEwan said that banks could not always be blamed if customers give out their account details to online scammers, according to U.K. newspaper the […]
Read moreCheck out which companies are making headlines before the bell: CVS Health – CVS earned an adjusted $1.33 per share for its latest quarter, two cents a share above estimates. Revenue also topped forecasts, boosted by strong performances in its specialty pharmacy and benefits management businesses. Time Inc. – The magazine publisher beat estimates by […]
Read moreBitcoin broke through the $3,500 mark for the first time on Tuesday hitting a fresh record high as uncertainty over the future of the cryptocurrency subsided. The digital currency hit an-all time high of $3,525.04 before pulling back to around $3,481 early on Tuesday. Bitcoin’s record high marks a 264 percent year-to-date rise and comes […]
Read moreHarvard computer science professor Radhika Nagpal will begin using a robotic toy she helped developed, Root, to teach coding languages like Python and Javascript in her undergraduate courses this fall. She is already using a Root prototype in her research lab. The hexagonal Root, priced at $199, looks something like iRobot’s Roomba vacuum cleaners. But […]
Read moreChinese ride-hailing giant Didi Chuxing has announced plans to expand its business in the Middle East and North Africa. The Uber rival said it would enter into a strategic partnership with the Dubai-based car booking service Careem to strengthen its presence in the region. It follows the firm’s decision last Tuesday to team up with […]
Read moreJetBlue travelers will soon be able to file complaints or get answers from the airline through any communication channel they so choose including Facebook Messenger, Twitter and texts. The legacy travel brand just inked a deal with a start-up called Gladly to overhaul its customer service systems. Additionally, JetBlue Technology Ventures is investing alongside GGV […]
Read moreGoogle is teaching girls that their path to “financial freedom” lies in “complaining to HR,” the managing director of a Peter Thiel investment fund said on Tuesday, drawing sharp criticism on social media. The comments, made by Eric Weinstein, the managing director of Thiel Capital, come after Google fired engineer James Damore for circulating a […]
Read moreCurrency, United States Finance
Standard Life CEO planning for hard Brexit, renews interest in move to Dublin
The asset management firm Standard Life is looking at Ireland as its European base for when the United Kingdom leaves the European Union, its CEO told CNBC Tuesday. “Certainly, we are looking to put our MiFID company into Ireland,” Keith Skeoch, chief executive officer of Standard Life, told CNBC, referring to the financial regulation framework […]
Read moreState oil company Saudi Aramco will cut crude oil allocations to its customers worldwide in September by at least 520,000 barrels per day, an industry source familiar with the matter told Reuters on Tuesday. The cuts in allocations are in line with Saudi Arabia’s commitments with the OPEC-led supply reduction pact, under which the top […]
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