The Nobel Prize-winning economist Joseph Stiglitz has said it would be a “waste of time” for the U.K. to negotiate a trade deal with U.S. President Donald Trump. Stiglitz said in an interview with the BBC that the U.K. could not put faith in a deal with Trump. “No, I think it would be a […]
Read moreNow that we’re in December, one portfolio manager says the best way to position oneself in the new year is with a combination of passive and active investment. Plus, said Chad Morganlander, portfolio manager at Washington Crossing Advisors, getting into “boring, quality names” with rising dividends will benefit investors most. Here’s why. With tactical asset […]
Read moreThis is a big day. With the Senate nearing a vote on its tax bill, corporate tax cuts are getting much more real. Aside from the global economic expansion and the record earnings this expansion is producing, the biggest marginal mover for the stock market has been tax reform. If you doubt this, note that […]
Read moreToshiba and Western Digital are close to settling a legal dispute that has threatened to become a major stumbling block in the embattled Japanese conglomerate’s plans to sell its $18 billion semiconductor unit, media reported. Toshiba agreed in September to sell the unit, the world’s second biggest producer of NAND chips, to a consortium led […]
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Wall Street could get a big Santa Claus rally in December, especially in the second half of the month, history shows. The Dow Jones industrial average, S&P 500, Nasdaq 100 and Russell 2000 all averaged returns of at least 1.8 percent in the final month of the year since 1987, according to CNBC analysis using […]
Read moreCurrency, United States Finance
Technology jobs in Europe: A would-be tech city is working hard to attract talent
Dublin’s Grand Canal Dock, often referred to as “Silicon Dock,” has certainly pushed up the area’s property value. A 10-minute walk along the River Liffey will take you past the swanky headquarters of Google, Facebook, LinkedIn and more — nearly every major multinational name in tech you can think of. These companies have created thousands […]
Read moreA world without paper payments is rapidly approaching, the co-founder of the Sohn Conference Foundation said Thursday. Evan Sohn told CNBC that paying for things with traditional bank notes is increasingly dwindling as the appetite for contactless payments and digital currencies grows. “How far are we from a restaurant that says we only take online […]
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British Labour leader Corbyn tells Morgan Stanley 'You're right: We're a threat'
Britain’s opposition Labour leader Jeremy Corbyn told Morgan Stanley that bankers are right to regard him as a threat because he wants to transform what he cast as a rigged economy that profited speculators at the expense of ordinary people. Morgan Stanley last month warned that political uncertainty in Britain was a bigger threat than […]
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Euronext acquires 100 percent of Irish Stock Exchange in 'strategic' move
Pan-European exchange Euronext has announced its acquisition of 100 percent of the Irish Stock Exchange (ISE) for €137 million ($162.48 million). The transaction represents a move by the ISE to deepen ties with mainland Europe and an effort by Euronext to expand its revenue base and its position in debt and fund listings. Asked if […]
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These are the main market risks right now, renowned hedge fund manager says
High credit, fierce competition and stretched valuations could be potential market destabilizers, a renowned former hedge fund manager said Thursday. Speaking to CNBC on the sidelines of the Sohn Conference in London, Sir Paul Ruddock, co-founder of Lansdowne Partners, said: “Clearly, credit is an area you’ve got to be concerned about. There’s been a huge […]
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