ECONOMISTS have long argued that the most efficient way to curb global warming is to put a price on the greenhouse-gas emissions that cause it. A total of 41 OECD and G20 governments have announced either a carbon tax or a cap-and-trade scheme, or both. Add state and local schemes, and they cover 15% of […]
Read moreA pullback in the market appears likely, but it would represent a buying opportunity before stocks produce more gains, the chief technical strategist at BTIG said Thursday. On CNBC’s “Squawk Box,” Katie Stockton, whose calls on the market have been very right lately, said internal measures have reached worrying levels that warrant attention. “Just in […]
Read moreJoelene Latief is only a senior in high school, and already has a patent of her own. She and a friend designed an anti-theft purse, and Oracle helped them apply for the patent. Latief attends the Design Tech High School in Redwood City, California. The public charter high school opened the doors of its new […]
Read moreU.S. money transfer giant MoneyGram is teaming up with blockchain firm Ripple to test payments using the latter’s cryptocurrency XRP. MoneyGram, based in Dallas, Texas, will use the XRP cryptocurrency to speed up and reduce the cost of transferring money through Ripple’s payment network xRapid. XRP was seen surging on the news, and flew almost […]
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Fundstrat’s Tom Lee predicts the market will have another double-digit percentage gain this year. “We are constructive on stocks in 2018, driven by earnings growth of +13% and slight P/E expansion, supported by strong global growth (tempered by rising core inflation),” Lee wrote in a note to clients Thursday. Lee shared his five major investment […]
Read moreSearch engines had already existed when Larry Page and Sergey Brin decided to take a chance by thinking up and presenting the world with Google. That risk paid off: 20 years later, the pair are worth more than $100 billion combined, according to the Forbes’ 400 list, and Google is a household name. If you […]
Read moreCurrency, United States Finance
U.K. businesses continue to lag behind their European peers ahead of Britain’s upcoming departure from the European Union (EU), according to the CFO of the U.K.’s biggest recruitment firm. As Britain prepares to leave the EU next year, businesses based in the U.K. were seen to be struggling to attract investment, according to Hays‘s Paul […]
Read moreExpedia is “planting seeds for faster growth,” snapping up international hotels in Europe and Asia as a way to boost profits, according to one Wall Street firm. Morgan Stanley upgraded shares of Expedia to overweight, arguing that the company’s focus on expanding its overseas properties beyond the largest hotels should offer a better selection of […]
Read moreBillionaire investor Warren Buffett is right about cryptocurrencies, and the price of bitcoin will be much lower in the near future, a veteran investor told CNBC on Thursday. Buffett, chairman and CEO of Berkshire Hathaway, warned on Wednesday the recent craze over bitcoin and other cryptocurrencies won’t end well. But Buffett added he would not […]
Read morePresident Donald Trump repeated an earlier call for an internet tax, in a thinly veiled shot at Amazon‘s Jeff Bezos, who owns The Washington Post. “The internet — they’re going to have to start paying sales tax because it’s very unfair what’s happening to our retailers all over the country that are put out of […]
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