Netflix is closing in on $200 per share as the stock continues momentum built from last week’s increase on some of its prices. The streaming company’s stock was up 0.85 percent to $199.70 per share in premarket trading on Monday. The shares hit a record high during trading Friday of $198.92 following the price increase. […]
Read moreGoogle has discovered that Russian operatives spent tens of thousands of dollars on ads on YouTube, Gmail, Google search and other products, The Washington Post reported on Monday. The ads do not appear to be from the same Kremlin-affiliated entity that bought ads on Facebook, which may indicate a broader Russian online disinformation effort, the […]
Read moreNorth Korean leader Kim Jong Un promoted his younger sister to a top political post Saturday, according to state media, prompting an air of intrigue about the new Kim in Pyongyang. Faced with international sanctions and the potential threat of armed confrontation with the U.S., the dictator consolidated his political power at a key meeting […]
Read moreApple will be a big beneficiary of President Donald Trump’s tax reform plan, according to a top Wall Street firm. The Trump and Republican Congress tax reform plan calls for a corporate tax rate reduction to 20 percent from 35 percent and a lower repatriation tax rate for U.S. companies’ accumulated foreign earnings. Bank of […]
Read moreCheck out which companies are making headlines before the bell: General Electric — The industrial conglomerate announcing a number of executive changes. Chief Financial Officer Jeff Bornstein will depart at the end of the year, along with marketing chief Beth Comstock and international executive John Rice. Jamie Miller, who heads GE’s transportation business, will assume […]
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The SPDR S&P Biotech ETF (XBI) has surged 49 percent in 2017 to its highest level in more than two years, but some say the move isn’t over just yet. Erin Gibbs, a portfolio manager with S&P Global, points out that “the average stock in the XBI is trading at 21 percent below its [average] […]
Read moreMicrosoft is no longer developing new hardware or features for Windows 10 Mobile, the smartphone version of its flagship operating system, effectively killing off its presence in the handset market. In a series of Tweets, Joe Belfiore, Microsoft’s corporate vice president of Windows, said the U.S. technology giant will continue to release bug fixes and […]
Read moreCurrency, United States Finance
Here are the companies leaving Catalonia in the face of political uncertainty
Multinationals headquartered in Catalonia have started weighing up whether the region will declare independence from the rest of Spain and the consequences that this would entail. Key Ibex companies including Caixabank have already announced plans to relocate their head office, while many others from all business sectors are considering doing the same. CNBC takes a […]
Read morePeople around the world are expected to make 726 billion transactions using digital payment technologies by 2020, according to a study released Monday. The research, by consultancy giant Capgemini and bank BNP Paribas, found that emerging markets were leading the upward trend, and predicts tech innovations such as connected homes, contactless bank cards, wearable devices […]
Read moreCurrency, United States Finance
Catalonia’s wish for independence is a concern for everyone, says Portugal’s deputy finance minister
The ongoing political instability in Spain is raising eyebrows across the entire euro zone, Portugal’s deputy finance minister told CNBC Monday. “It’s not only a problem for Portugal, it’s an issue for the euro area and Europe as a whole,” Ricardo Mourinho Felix, secretary of state for the finance ministry, told CNBC exclusively on the […]
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