The world’s biggest truck-maker has unveiled two new battery-powered models, as it looks to protect its market dominance. Daimler, the German firm best known for its Mercedes brand, said Wednesday that it wanted to have an all-electric big rig called Freightliner eCascadia ready for commercial sale by 2021. A smaller medium-duty Freightliner eM2 106 is […]
Read moreBroadcom shares haven’t acted very well as the rest of the semiconductor space surge, but that may be about to change. While Broadcom has risen a little over 2 percent this year, its gains pale in comparison to that of the SMH, the chip stock-tracking ETF that’s surged over 13 percent in 2018. Boris Schlossberg, […]
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A rally in retail stocks has Wall Street hopeful the industry’s worst days are behind it. One technical analyst says the charts support investors’ optimism. “The retail rally has room to run here, perhaps not every day as has been the case, but for the first time in years you are buying weakness not selling […]
Read moreTwo of Wall Street’s harshest bitcoin critics say investors should remain wary of the cryptocurrency. “I don’t want to be a bitcoin spokesman,” J.P. Morgan Chase CEO Jamie Dimon said in a rare joint interview with Warren Buffett that aired Thursday on CNBC’s “Squawk Box.” “Just beware,“ he said. Dimon called bitcoin a “fraud” in […]
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Rome’s battle with Europe will show if Italy is too big to fail, strategist says
There’s a standoff emerging between the European Union and the new Italian government, one which will ultimately answer the question whether Italy is too big to fail, a strategist told CNBC Thursday. The new populist cabinet in Rome is set to cut taxes and increase public spending. This decision will challenge European fiscal rules and […]
Read moreThere is a global epidemic of sexual violence against women that persists despite significant progress in gender equality for health, education and legal rights. The #MeToo movement in the United States launched last October and has kickstarted a movement to tackle this troubling issue after it was revealed that even the most prominent women in […]
Read moreBefore President Donald Trump sits down with a third-generation North Korean autocrat, he will face what may well turn out to be a tougher crowd — some of America’s oldest allies. With his new tariffs increasing U.S. isolation, Trump heads to Canada on Friday for a meeting of the Group of Seven industrialized nations. The […]
Read moreBritish stocks failed to open on Thursday, with a spokesperson from exchange operator LSE saying that the opening auction had been delayed. Trading in the FTSE 100, mid caps and small caps was delayed. The London Stock Exchange will update the market as soon as possible, its spokesperson added. Source: cnbc Britain's FTSE fails to […]
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Fear of World War III should stop global disputes with Russia, Putin says
A fear of mutual destruction should stop global powers from attacking each other and prompting World War III, Russian President Vladimir Putin said Thursday during a public phone-in. “The realization that a third world war could be the end of civilization, that should restrain us from dangerous steps globally,” Putin said during his annual question […]
Read moreNearly 10 million Chinese students have been preparing for this Thursday and Friday since kindergarten. Gaokao, China’s university entrance exam, directly determines which universities students can go to. To some extent, it determines whether they will become blue-collar or white-collar workers later in their lives. “Even though delivery guys can make 8,000 yuan to 10,000 […]
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