Business and finance Sep 5th 2017 IN JANUARY 2000, George W. Bush, then a presidential candidate, said: “If the terriers and bariffs are torn down, this economy will grow.” His eloquence did little for the cause of free trade. Tariffs have consistently retained broad global support despite the spoonerism. GlobeScan, a consultancy, has regularly conducted […]
Read moreOracle will succeed in transitioning its software businesses to the cloud, according to one Wall Street firm. Credit Suisse initiated coverage on the company’s shares with an outperform rating on Tuesday. “We believe the market underappreciates the staying power of Oracle’s technology stack and upside opportunities in the cloud,” analyst Brad Zelnick wrote in a […]
Read moreThe deal between Aveva Group and Schneider Electric may be finally here after two false starts, however the CEO of Schneider Electric believes there are now three reasons why investors should be confident about the deal this time around. “I believe in this case, in the third period, things are different,” Jean-Pascal Tricoire, Schneider Electric’s […]
Read moreIt began with a simple card trick. Reid Hoffman had grown tired of listening to Donald Trump trash talk Hillary Clinton and his ever-growing list of political foes. So the LinkedIn co-founder cooked up plans during the presidential election to challenge Trump at his own game — a card game, to be exact, where players […]
Read moreAmtrak’s president told CNBC on Tuesday he does not see the futuristic hyperloop — conceived by billionaire entrepreneur Elon Musk — overtaking traditional rail travel and transport anytime soon. Asked to assess the practicality of high-speed hyperloop pods and Musk’s The Boring Company, Richard Anderson was skeptical. “I don’t think it’s realistic right now.” “I’m […]
Read moreManagers of actively run funds can’t seem to get a break these days, and that includes closed ones. With the rise of passive investing, their business model and sales pitch for active management have come under seemingly constant attack. The latest domino: funds that had previously been closed to new investors. These funds — often […]
Read moreThe Bank of England has settled a dispute over pay with staff that led to the central bank’s first strike in more than 50 years, the BOE and the Unite trade union said on Tuesday. Some maintenance and security staff stopped work for three days last month and a protest outside the bank by around […]
Read moreDisney’s upcoming internet video streaming services will thrive, according to one Wall Street firm. Wells Fargo raised its rating on company’s shares to outperform from market perform on Monday. The media giant announced plans last month to launch a branded direct-to-consumer streaming service in 2019 and an ESPN streaming service in 2018. “With Disney’s foray […]
Read moreCurrency, United States Finance
The conflicting responses by world leaders to escalating tensions on the Korean peninsula have underlined a fundamental divide in the diplomatic strategies of the East and the West. Western leaders have this week espoused ramping up sanctions on North Korea in an effort to increase pressure on the closed state. Meanwhile, neighboring nations in the […]
Read moreConsumers aren’t that excited for the new Apple iPhone, Piper Jaffray said on Tuesday. In a note to investors, Jaffray analyst Michael J. Olson said that consumers are about as excited for this year’s iPhone as they were for the iPhone launch last year. The iPhone 7 and iPhone 7 Plus last year were refinements […]
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