CVS Health‘s attempt to buy health insurer Aetna for $66 billion makes sense because the drugstore operator and prescription benefit manager has been facing threats from all sides, including from Amazon, an analyst told CNBC on Friday. The Wall Street Journal reported on Thursday, citing sources, that CVS has proposed to pay more than $200 […]
Read moreBP CEO Bob Dudley refused to rule out the possibility that Britain’s oil major could be poised to help develop oilfields in disputed areas of Iraq on Friday. He told CNBC that the oil giant was “flattered” to have been asked by Baghdad. In mid-October, Iraq called on BP to help develop oilfields in the […]
Read moreMajor oil CEOs called on OPEC to extend output cuts beyond March next year on Friday, arguing “huge volatility” in the energy market meant it would be imperative for the cartel to try to put a floor under prices. OPEC members are reportedly forming a consensus around extending their production cutting deal with other crude […]
Read moreWhile most technology shares jumped on Friday on blowout earnings from the likes of Amazon and Alphabet, one key member of the hot-tech-stock crew is not participating: electric car-maker Tesla. Shares of Tesla fell 1.6 percent in premarket trade after Evercore ISI, commenting on Tesla’s persistent production problems, downgraded the stock to in line from […]
Read moreMedical scans provide doctors with the visual information they need to spot any disease or disorder that a patient might have. The problem is, these scans are expensive, and human medical professionals might not be able to recognize very early signs of certain diseases, like cancer, until it’s too late. That’s what Zebra Medical Vision, […]
Read moreWall Street is buzzing over Amazon’s impressive September quarter results. Analysts say they are growing more confident Amazon’s success will continue because of its proven ability to invest in new opportunities. The e-commerce juggernaut generated third quarter earnings per share of 52 cents, handily beating the 3 cents Thomson Reuters consensus estimate. Its shares are […]
Read moreCurrency, United States Finance
UK government: North Korea was behind the WannaCry cyber-attack that crippled health service
North Korea was behind a cyber-attack that derailed Britain’s state-owned health service’s IT systems, the U.K. government said Friday. “I think we should perhaps remember that this attack, we believe quite strongly, that this came from a foreign state,” U.K. Security Minister Ben Wallace said. Asked which foreign state he believed was involved, Wallace said: […]
Read moreTech stocks surged on Friday as Wall Street cheered the blowout quarterly reports from three of the world’s biggest tech companies. The PowerShares QQQ Trust exchange-traded fund, which tracks the tech-heavy Nasdaq 100, rose 1.6 percent. The broader Nasdaq composite surged more than 1 percent at the open and traded near a record high. The […]
Read moreWith two-thirds of its population under 30 and an economy it is keen to diversify away from oil dependence, Saudi Arabia offers fertile ground for foreign expenditure. But according to one investment bank chief executive CNBC spoke to, it is technology behemoths from China, and not the U.S., that will win the race to capture […]
Read moreThe U.S. economy unexpectedly maintained a brisk pace of growth in the third quarter as an increase in inventory investment and a smaller trade deficit offset a hurricane-related slowdown in consumer spending and a decline in construction. Gross domestic product increased at a 3.0 percent annual rate in the July-September period after expanding at a […]
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