Billionaire investor Warren Buffett is wrong about bitcoin, tech venture capitalist Chamath Palihapitiya argued on Wednesday. “Not everybody is right all the time,” the former Facebook executive told CNBC’s “Squawk Box,” adding that knowledge about technology is not in the Berkshire Hathaway chairman and CEO’s “circle of competence.” Buffett bashed bitcoin Monday in an interview […]
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Europe fights to keep the Iran nuclear deal intact after Trump pulls out
European policymakers are trying to keep the Iran nuclear deal alive, with renewed contacts with both Tehran and Washington. Europeans disapproved of Trump’s decision to leave the agreement, announced Tuesday, and to re-impose sanctions on Iran. The matter seems so urgent for European leaders that European Council President Donald Tusk has added the Iran deal […]
Read moreRoku on Wednesday afternoon releases its third quarterly earnings statement as a public company, and the options market is implying it expects something unique: relatively little. Stacey Gilbert, head of derivative strategy at Susquehanna, told CNBC’s “Trading Nation” that shares of the streaming technology company, which have plunged 36 percent this year, are expected to […]
Read moreWalmart has agreed to a deal to buy a majority stake in Indian e-commerce giant Flipkart for $16 billion. The U.S. retail giant said Wednesday that it would acquire an initial stake of roughly 77 percent in Flipkart. The remainder of the business will be held by existing investors, including Flipkart’s co-founder Binny Bansal, Tencent, […]
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The market has hit a key point that points to a bounce, says chart-minded trader Todd Gordon. “We’ve been tracking this consolidation in the S&P for all of 2018, and I think we’ve just reached a very critical level,” the TradingAnalysis.com founder said Tuesday on CNBC’s “Trading Nation.” Gordon had previously pointed out that the […]
Read moreWalmart has reached an agreement to take control of Indian e-commerce firm Flipkart, SoftBank CEO Masayoshi Son said on Wednesday. The deal was reached Tuesday night, Japan time, Son said at a news conference following the release of SoftBank’s earnings report. Son did not disclose further details of the deal. Confirmation of the transaction ends […]
Read moreArgentina has started talks with the International Monetary Fund seeking financial rescue once again, as inflation soars and the currency sinks. Buenos Aires looks to be going through another economic nightmare, with prices rising rapidly while the Argentine peso drops. The central bank announced last week another increase in rates to 40 percent — as […]
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Vodafone to pay $21.8 billion for Liberty assets to strengthen European presence
Vodafone has agreed to pay $21.8 billion to buy Liberty Global‘s assets in Germany, the Czech Republic, Hungary and Romania to take on rivals with a broader offer of superfast cable TV, broadband and mobile. The world’s second-largest mobile operator had held repeated talks with John Malone’s Liberty in recent years in a bid to […]
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An almost certain rate hike from the Bank of England looks set to be postponed
The Bank of England’s (BOE) Monetary Policy Committee (MPC) meets Thursday and is expected to keep interest rates unchanged, marking a sharp turnaround from early projections just a few weeks ago. A month ago, short-term interest rates had been pricing in another 25 basis point rate hike with near certainty (90 percent odds). But Governor […]
Read moreSiemens raised its full year profit guidance on Wednesday, citing a strong first half helped by a 900 million euro ($1.07 billion) gain from transferring its stake in IT services company Atos SE to its pension fund. The German engineering group said it now expected full year earnings per share in the range of 7.70 […]
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