Morgan Stanley reported third-quarter earnings Tuesday that topped expectations after its wealth management business posted strong results, while its fixed income and equities traders navigated a tough environment better than peers at firms such as JPMorgan. The bank reported: Earnings per share of 93 cents versus 81 cents projected by analysts polled by Reuters. Revenue […]
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Theme park owner sees its shares tank after warning that terrorism is hitting profits
Merlin Entertainments, operator of tourist attractions such as Madame Tussauds waxworks, warned on full-year earnings on Tuesday, blaming a dip in trading in its key summer period on a series of attacks in Britain, sending its shares tumbling. The stock fell up to 21 percent after Merlin forecast core earnings for 2017 in the range […]
Read moreSnap Inc just made a major move to compete with Netflix and Amazon. The social media titan has partnered with NBCUniversal to create a digital content studio that makes original shows to debut on its Snapchat platform. NBCUniversal, which already owns a stake in Snap, said it wanted to take mobile TV programs “to the […]
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Hillary Clinton says she will 'not run again' for president but will continue to call out Trump
Hillary Clinton said she will not run for president again but will stay involved in politics and continue to speak out against President Donald Trump. Speaking to BBC Radio 4’s “Woman’s Hour” program in comments aired on Tuesday, Clinton said: “No, I’m not going to run again.” She also said she would continue to oppose […]
Read moreUber is said to be worth $62.5 billion. Airbnb is valued at $31 billion. Elon Musk’s SpaceX Technologies is valued at $21 billion, and Pinterest at $12.3 billion. Those eye-popping valuations regularly fill articles and water-cooler conversations in Silicon Valley, all under the umbrella of “unicorn” companies — a term for private companies that are […]
Read moreSoftBank‘s much-anticipated investment in Uber could be agreed upon within a week, according to Arianna Huffington, one of the board members of the ride-hailing app. The Japanese giant run by Masayoshi Son is seeking to invest $10 billion into Uber for a fairly substantial stake. But so far, talks have hit roadblocks as both sides […]
Read moreChina’s upcoming Communist Party Congress is about politics more than policy, but investors are still trying to read the tea leaves anyway. The once-every-five-years meeting is set to begin Wednesday, and it’s expected to mark a further power consolidation for President Xi Jinping. But, it may also provide hints about what his administration will do […]
Read moreTen months after President Donald Trump abandoned what was pegged as the world’s biggest trade deal, its surviving participants may be close to a new agreement. Details of a new Trans-Pacific Partnership treaty could emerge next month at an Asia-Pacific Economic Cooperation, or APEC, meeting — the agreed upon deadline by the accord’s remaining participants. […]
Read moreA Maltese investigative journalist who exposed the island nation’s links to offshore tax havens through the leaked Panama Papers was killed Monday when a bomb exploded in her car, the prime minister said. Daphne Caruana Galizia, 53, had just driven away from her home in Mosta, a large town on Malta’s main island, when the […]
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EU is not 'the enemy' and Brexit talks are 'constructive,' UK finance minister insists
Britain’s finance minister denied that talks between the U.K. and the European Union were deadlocked and said it was clumsy to call EU negotiators “the enemy.” Philip Hammond told CNBC on Monday that he didn’t think the talks had stalled between the two sides, raising the prospect of “no deal” scenario at the end of […]
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