The U.S. Securities and Exchange Commission has picked a new leader for its emerging cryptocurrency division. Valerie Szczepanik, who already worked at the SEC, was promoted to a role that didn’t exist until this week: Associate Director of the Division of Corporation Finance and Senior Advisor for Digital Assets and Innovation. Szczepanik, who joined the […]
Read moreOne of the most powerful men in aviation has suggested that a woman would not be equipped to do his job. Shortly after his appointment as the new chair of the International Air Transport Association’s (IATA) board of governors, Akbar Al Baker, reportedly stunned reporters when asked about poor representation of women in Middle East […]
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CEO optimism about hiring, capital investment and sales growth fell slightly in the second quarter from record levels, marking the first decline in two years amid concerns that trade conflicts could drive up costs for consumers and business. According to the latest quarterly Business Roundtable CEO Economic Outlook Survey, the CEO Economic Outlook Index slipped […]
Read moreHoward Schultz, Starbucks‘ outgoing executive chairman, on Tuesday singled out the national debt as the biggest domestic threat to the U.S. in a critique that spared neither Democrats nor the Trump administration’s economic policies. Schultz, a past critic of President Donald Trump’s landmark tax legislation signed in December, acknowledged that “the economy is strong,” and […]
Read moreNASA Administrator Jim Bridenstine is advancing President Donald Trump’s proposal that private companies take over operations of the International Space Station, according to The Washington Post. Bridenstine, who became administrator in April, told the Post he has spoken “to many large corporations that are interested in getting involved” in the flying lab “through a consortium, […]
Read moreAmazon is set to up its investment in India by $2 billion, CNBC affiliate CNBC TV-18 reported Tuesday, citing sources. The e-retailer had previously committed $5 billion to the emerging market. Any extra capital would help stave off a threat from Walmart, which last month took a majority stake in Indian e-commerce giant Flipkart. Amazon […]
Read moreCurrency, United States Finance
UK government clears Fox's bid for broadcaster Sky, pending the sale of Sky News
Britain’s government said Tuesday it was now prepared to give Twenty-First Century Fox the provisional go-ahead to buy Sky, subject to the sale of its Sky News channel. If approved, it could pave the way for a dramatic bidding war with U.S. media giant Comcast. Culture Secretary Matt Hancock said Fox’s proposal to divest Sky […]
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Germany’s Continental bans WhatsApp and Snapchat from company phones
German automotive supplier Continental AG has banned its workers from using the messenger services WhatsApp and Snapchat on company phones. The firm said Tuesday that the ban, effective immediately, was put in place over concerns about the security of people’s data saved in the contacts list of a phone or tablet. “These services have deficiencies […]
Read moreOn May 1, Apple announced a long-awaited dividend increase. The company, which is set to repatriate $283 billion into the United States, upped its payout, effective immediately, by 16 percent, from $0.63 per share to $0.73 per share. While its dividend yield is still a modest 1.56 percent, for the many investors who own the […]
Read moreBillionaire Leon Cooperman believes that no stock or sector is off limits when he’s looking for investing. In fact, he says, he’d buy any stock or bond at the right price. While the chairman and CEO of Omega Advisors says there’s no secret sauce, he points to one thing as crucial: free cash flow. “Free […]
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