Global stock markets rebounded yesterday after political crises in Italy and Spain sent stocks into a tailspin. Unfortunately, for investors things could get worse from here. This week the country’s two largest parties, the left-wing 5-Star Movement and the right-wing League, tried to appoint an anti-European Union politician as finance minister, but it was vetoed […]
Read moreThe rise of artificial intelligence and more automation has many worried about job security. Automation has already profoundly changed the way we do our jobs today, especially in manufacturing. So what will happen to jobs as artificial intelligence evolves — enabling computers to analyze large amounts of data and formulate investment decisions, answer simple customer […]
Read moreOne Wall Street firm disagrees with Elon Musk’s view on Tesla’s funding requirements. UBS reaffirmed its sell rating for Tesla shares, predicting the company will need to raise capital by year-end. In April Tesla said in a statement it did not require an additional capital raise this year apart from credit lines. Later that month […]
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Amazon founder Jeff Bezos‘ personal ownership of The Washington Post makes him a “lightning rod” for attacks by President Donald Trump, internet analyst Michael Graham told CNBC on Thursday. “It’s probably not the greatest thing for Amazon shareholders” for Bezos to own the paper, said Graham, who covers Amazon at financial firm Canaccord Genuity. “It […]
Read morePresident Donald Trump said Thursday that North Korean delegates want to deliver to him a letter from Kim Jong Un, the latest sign that a summit between the two leaders may indeed happen after all. The president, speaking to reporters before he departed to attend fundraisers in Texas, said he believes the delegates will be […]
Read moreCurrency, United States Finance
Trump reportedly said he wants to stop German luxury car imports in the US
President Donald Trump is hoping to block German luxury carmakers from the U.S. market, according to an exclusive report by German magazine WirtschaftsWoche. Citing several unnamed U.S. and European diplomats, the weekly business magazine reported that Trump told French President Emmanuel Macron last month he would maintain his trade policy with the aim of stopping […]
Read moreThe price of oil was in free fall and a youthful population restive. So the government of Saudi Arabia turned in recent years to the parent company of the political data firm Cambridge Analytica for help, according to Western consultants who worked in the kingdom, company executives and a review of public documents. The work […]
Read moreWharton School finance professor Jeremy Siegel appears to be wandering from the bull camp. Siegel, who helped lead 2017’s rally cry, told CNBC’s “Trading Nation” that he isn’t blaming Italy’s political turmoil, the latest headline to rock the markets, for a borderline bearish forecast. Rather, he cited risks from rising rates to trade tensions. “The […]
Read moreCheck out the companies making headlines before the bell: General Motors – Softbank’s Vision Fund is investing $2.25 billion in GM Cruise, the General Motors autonomous vehicle venture. GM will also inject a fresh $1.1 billion into the unit, assuring funding through the planned beginning of commercialization in 2019. Dollar General – The discount retailer […]
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Researchers at MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL) and the Senseable City Lab in the Department of Urban Studies and Planning (DUSP) have designed a fleet of 3D-printed autonomous boats. In the future, the driverless boats could eventually taxi people and deliver goods. The four-by-two meter boat can be printed in about 60 […]
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