The contest for who will become the next head of the Federal Reserve appears to be coming down to two pretty different choices. In recent days, market participants have become more focused on former Fed Governor Kevin Warsh and current Governor Jerome “Jay” Powell. While Warsh has long been considered a front-runner to head the […]
Read moreCurrency, United States Finance
Leader of Catalonia asks parliament to suspend results of independence referendum to hold talks
Catalan leader Carles Puigdemont has set out his plans for the future of the province. The current crisis in relations between Catalonia and Spain comes after pro-separatist sentiment in the wealthy northeast region came to a head with a symbolic referendum on independence on October 1. Then, around 90 percent of the 2.26 million voters […]
Read moreBritain is looking at the role of Google and Facebook in the provision of news and what their wider responsibilities and legal status should be, a spokesman for Prime Minister Theresa May said on Tuesday. As more people get their news through Google and Facebook, some in the industry say the internet giants are publishers […]
Read moreWith the stock market hitting record highs again early Tuesday, investors will be hard-pressed to find bargains, said the chief U.S. equity strategist at Goldman Sachs. “There’s no value anywhere in the market. Everything trades at high levels. And everything trades in a well-ordered fashion,” David Kostin told CNBC’s “Squawk on the Street.” In the […]
Read moreBillionaire and iconic entrepreneur Richard Branson says the extreme wealth that will be generated by the artificial intelligence industry should be partly redistributed as a universal basic income, or cash handouts. “Basic income is going to be all the more important. If a lot more wealth is created by AI, the least that the country […]
Read moreEven modest tax corporate reform could send stocks soaring higher, potentially adding 150 points or more to the S&P 500, according to JPMorgan. The GOP tax plan envisions a cut in the corporate rate to 25 percent from 35 percent. If the lower level is achieved, earnings per share for the S&P 500 could increase […]
Read moreA start-up called Flirtey delivers pizzas, Slurpees and other sundries by drone. But now, the company is embarking on life-saving work as a medical courier in the U.S., CNBC has learned. Flirtey has formed a partnership with REMSA Health, a major provider of ambulance and emergency health services in the state of Nevada. When a […]
Read moreIntel on Tuesday said it’s delivering a chip for quantum computing — an approach that’s vastly different from the one PCs, phones and other devices have used for decades — to a European research group. The move demonstrates progress on the chipmaker’s part in an area that could be pivotal to its future. While classical […]
Read moreWal-Mart is planning a website redesign to be revealed in the first quarter of next year, Marc Lore, president of Wal-Mart’s U.S. e-commerce business, said Tuesday. The big-box retailer plans to invest heavily in e-commerce and online grocery in the coming months, with plans to double its online grocery pickup locations across the U.S. by […]
Read moreAmazon has almost perfected speedy delivery to your home. Now the company is working to make sure your packages get inside the front door, or even into your car. The company is in advanced talks to forge a partnership with Phrame, a maker of smart license plates that allow items to be delivered to a […]
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