The S&P 500 has been stuck in neutral since mid-May, squeezed between a rocket-propelled U.S. economy and fears over the stability of the European Union and a Trump trade war. One chart watcher says this stock market is still a good place for bulls despite the geopolitical risk. “I think that there is a lot […]
Read moreTesla Chief Executive Elon Musk faces votes at Tuesday’s shareholder meeting that will challenge his grip on the electric carmaker, but he may be able to count on some powerful friends: big fund managers likely to be fans. These stockpickers would have weighed Musk’s forceful public persona in their decisions to buy and hold Tesla […]
Read moreJordanian Prime Minister Hani Mulki resigned from his government position Monday in the wake of several days of mass protests in the capital Amman — the country’s largest demonstrations in more than five years. The resignation, reported by Reuters quoting an official source, was said to have been brokered during a meeting with the country’s […]
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The Greek government is confident that rules surrounding its debt repayments will be relaxed this month, despite reports that the International Monetary Fund (IMF) is unlikely to unlock more money for Athens. “The general atmosphere is that there will be an agreement on debt at the June Eurogroup,” a Greek government official, who did not […]
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Blockchain technology could soon revolutionize the global banking industry, according to the chief executives of two major European lenders. Banks have invested millions in developing blockchain applications in recent years, as part of a broader industry effort to try to cut costs and simplify their back-office processes. The technology, which is perhaps better known as […]
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The spread between West Texas Intermediate and Brent crude futures prices has widened to new extremes recently, and this is a bullish development. The spread has reached more than $11, the largest since mid-2015. WTI is trading a little over $65 per barrel, while European Brent crude, the international benchmark for oil, is trading near […]
Read moreWASHINGTON — Two weeks ago, Steven Mnuchin, the Treasury secretary, declared that the trade war with China was “on hold” and that the United States would temporarily holster its tariffs. The reassuring comments calmed markets and raised hopes that Mr. Mnuchin, one of President Trump’s most enduring and trusted advisers, was winning the internal trade […]
Read moreThe Trump administration may soon claim as much as $1.7 billion penalty from ZTE Corp., as it looks to punish and tighten control over the Chinese telecommunications company before allowing it back into business, according to people familiar with the matter. The Commerce Department is also seeking unfettered site visits to verify U.S. components are […]
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German Chancellor Angela Merkel ended her silence on euro zone reform by showing some willingness to increase risk-sharing — a long-standing issue for many politicians in Berlin. Merkel on Sunday revealed her vision for the future of the euro zone bailout fund — the European Stability Mechanism (ESM) — and for an investment budget to […]
Read moreRussian President Vladimir Putin invited North Korean leader Kim Jong Un to travel to Russia in September, RIA news agency reported on Monday, citing Ivan Melnikov, a deputy speaker of the lower house of parliament. Russian Foreign Minister Sergei Lavrov, who visited Pyongyang last week, passed the North Korean leader an invitation from Putin to […]
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