The CEO of the world’s largest money manager told CNBC on Wednesday that the U.S. stock market “deserves a premium.” “Our companies are stronger,” said Larry Fink, CEO of BlackRock. “They’re better managed across many industries. So, I actually believe the U.S. deserves a premium to the other markets.” Fink said Asia and Europe currently […]
Read moreMark Zuckerberg is delivering a keynote speech at the company’s annual conference on virtual reality around 1pm ET on Wednesday. At least part of it will be focused on how Facebook users can share its VR technology. Yet he may be hard-pressed to keep broad attention focused solely on hardware and software after a preview […]
Read moreBrandless wants to do to beauty what it’s already done to crunchy peanut butter, tree-free toilet paper and porcelain mugs. “The typical family around the country is spending a lot of money on [beauty items],” co-founder Ido Leffler told CNBC. “If we can help alleviate the cost … I feel like we can make that […]
Read moreOn Oct. 1, President Donald Trump once again took to Twitter to attack Kim Jong-un, saying that negotiating with the North Korean chairman is a waste of time. While social media mudslinging may not be the best way to deal with a hostile leader, there’s at least one group who may not mind Trump’s Twitter […]
Read moreFacebook is dispatching Sheryl Sandberg, its powerful chief operating officer, to Washington, D.C., this week, as the company attempts to contain the political fallout from revelations that Russian agents spread disinformation on the social network. The house call to the nation’s capital — confirmed to Recode on Tuesday by multiple source — comes as Facebook […]
Read moreThe debate between active and passive management may rage on for a long time. The reality, however, is that many investors own a little bit of both. Even passive investing’s biggest fans still believe that active management has its place in the right circumstances. But with so many actively managed funds and so many strategies, […]
Read moreCurrency, United States Finance
A.I. innovation is unlikely to come from a big bank, former Barclays CEO says
Big banks have no advantage over financial technology start-ups when it comes to artificial intelligence, a former Barclays chief executive has said. Antony Jenkins, who led the bank between 2012 and 2015, said that banks have a tendency to focus on mainframe data storage rather than seeking solutions on the cloud. “I think the biggest […]
Read moreThe most important strategic move for Amazon after its Whole Foods acquisition is not just cutting grocery prices, according to one top Wall Street firm. Credit Suisse reaffirmed its outperform rating and raised its price target for the e-commerce giant to the second highest on Wall Street citing Amazon’s ability to leverage its Whole Foods […]
Read moreJohnson & Johnson got its second upgrade this week from Wall Street after Jefferies raised its rating and called the health care company a “dividend machine.” Jefferies upgraded J&J to buy from hold on Wednesday and revised its price target higher, pointing to a strong, “under-modelled” pharmaceutical division that will continue to drive above-consensus revenue. […]
Read moreRICHARD THALER has won the Nobel prize in economic sciences this year for his contributions to behavioural economics. It’s a well-deserved prize and a clarifying one, as far as economics is concerned. For a very long time, economists hoped to treat individuals a bit like particles in physics, whose activity can be described by a […]
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