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 […]
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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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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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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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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 […]
Read moreEuropean markets are seen opening lower on Friday morning, as investors awaited the U.S. Senate’s vote on tax reform legislation. The FTSE 100 is set to open 16 points lower at 7,313, while the DAX is expected to start down by 27 points at 13,028 and the CAC 40 is poised to open 13 points […]
Read moreADELAIDE, Australia — The state of South Australia announced on Friday that it had powered up the world’s biggest battery ahead of schedule: a feat already being heralded as one of this century’s first great engineering marvels and a potential solution to the country’s energy woes. The battery is the size of an American football […]
Read moreArtificial intelligence (AI) will play a “massive” role in healthcare, a technology entrepreneur told CNBC on Thursday. Naveen Jain, the founder of health technology firm Viome, said that there is a big wave of AI coming into the health sector. “This is a tsunami that’s coming,” Jain told CNBC in a TV interview from the […]
Read moreCryptocurrencies have a high chance of being worth trillions of dollars in the future, according to one top venture capitalist. Albert Wenger, partner at Union Square Ventures, a venture capital firm that has invested in several blockchain start-ups, said there is “irrational exuberance” in the cryptocurrency market, but in the long term, the value of […]
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