It’s a riddle, wrapped in a mystery, inside an enigma. Otherwise known as bitcoin. Bitcoin’s meteoric rise has captivated Wall Street and Main Street alike. Among one of the biggest unknowns surrounding the cryptocurrency is how to value it, and it’s stumped even the most veteran market watchers. Enter Robert Shiller, who has made an […]
Read moreIt’s not the Federal Reserve‘s job to protect investors from losses in the stock market, Minneapolis Fed President Neel Kashkari said Tuesday. During an appearance on CNBC’s “Squawk Box,” Kashkari said the central bank keeps a tab on asset prices and signs of financial instability, but he added it’s unwise to use monetary policy to […]
Read moreSen. Mark Warner sat down with CNBC’s John Harwood to discuss a range of topics, including the GOP’s tax plan. What follows is an edited, condensed excerpt of the conversation. CNBC’s John Harwood: You’re a business guy with a centrist reputation. Is this tax bill that your Republican colleagues are all-in on going to be […]
Read moreThe iPhone cycle that drove Apple shares higher this year is near its end, according to one Wall Street firm. Nomura Instinet lowers its rating for Apple shares to neutral from buy, citing the company’s current high valuation versus previous iPhone cycles. “We argue that the stock’s gains for the iPhone X supercycle are in […]
Read moreOne portfolio manager is keeping a close eye on the capital goods orders report due out on Friday before the opening bell. There will be no better indicator than this report of whether a strong stock market is reflective of a relatively strong underlying economy, said Kevin Caron, portfolio manager at Washington Crossing Advisors. Here […]
Read moreRide-hailing firm Ola has acquired the Indian unit of online food delivery service Foodpanda from Delivery Hero in exchange for an undisclosed equity stake. Ola, the online transport service now based in Bangalore, said Tuesday that it would invest $200 million into Foodpanda’s Indian business, adding that this would be the largest injection of cash […]
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AIRLINES respond to greater demand for travel around Christmas by increasing fares. But this year, Ryanair has found that it is not the only one taking advantage of the desire to be home for the holidays. To avert proposed strikes by pilots across Europe, the Dublin-based carrier offered on December 15th to recognise pilot unions […]
Read moreIf you read the headlines, the spoils of the Republican tax plan will disproportionately benefit the wealthy. It’s been called a “tax cut for the rich,” “a Christmas gift for the wealthy” and more. And that’s true: Any back-of-the-envelope math shows that in both dollar terms and in percentage terms, the largest tax cuts clearly […]
Read moreJapan and South Korea urged China to do more to “pressure” North Korea to end its nuclear and missile programmes, Japanese Foreign Minister Taro Kono said on Tuesday, as tension builds amid a standoff between North Korea and the United States. North Korea has boasted of developing a missile capable of carrying a nuclear warhead […]
Read moreEurope markets are expected to open slightly higher on Tuesday morning, following a record-setting session on Wall Street amid heightened expectations U.S. lawmakers could pass sweeping tax legislation. The FTSE 100 is poised to open up by 5 points at 7,537; the DAX is seen 18 points higher at 13,333 while the CAC 40 is […]
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