The removal of General Electric from the Dow Jones Industrial Average after 111 years says more about stock market indices than it does about GE. In the statement announcing the addition of Walgreens Boots Alliance, David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices, said that “consumer, finance, health […]
Read moreFour years ago, Alexandra Van Houtte was a fashion assistant in Paris. She would sit in the back offices of magazines like Grazia, Glamour or international editions of Vogue for countless hours researching and cataloging looks for fashion shoots. The monotony and inefficiency of scrolling for a particular look through sites like Style.com or Women’s […]
Read moreMicron confirmed on Thursday a court in China has granted a preliminary junction that bans its Chinese subsidiaries from manufacturing and selling some of its products in the Asian country. The company said the affected products represent “slightly more than 1 percent” of the company’s annual sales. Micron added the injunction will hurt its current […]
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Iran’s Revolutionary Guards threaten to cut off regional oil exports amid US pressure
Iran is threatening to dramatically ratchet up its response to the U.S., if President Donald Trump succeeds in halting crude sales from the Persian Gulf when sanctions snap back on the country. Shortly after the Trump administration reaffirmed this week its threat to punish companies that buy Iranian crude, President Hassan Rouhani warned Tehran could […]
Read moreEmbraer – Embraer and Boeing have announced a new joint venture which will create a separate company focusing on commercial aviation. Boeing will own 80 percent of the new company, Embraer 20 percent, with the venture having a total value of $4.75 billion. Tesla – Tesla allegedly eliminated a standard brake test as it raced […]
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Investors are so nervous about a potential recession that they’re preparing for one
Some money managers are increasingly nervous about an upcoming recession amid higher interest rates and tighter credit availability. “It’s a classical late cycle story. So, when I was here last time, I said we were long and nervous. We are no longer long, we are increasingly nervous about this,” Roelof Salomons, chief strategist at Kempen […]
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Stoltenberg: It’s in the interest of Trump to back NATO countries at summit
President Donald Trump will meet NATO allies in Brussels next week, who will expect the U.S. leader to again go on the attack about insufficient spending on defense by other countries. Trump has time and again criticized member countries of the alliance that have failed to hit a target, agreed in 2014, to spend 2 […]
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Europe is voting on a copyright law that could stop you from sharing memes and news articles freely
European lawmakers are about to vote on a piece of legislation that critics say would significantly damage internet freedom. Parliamentarians in Strasbourg, France, will cast their votes on the European Union’s new copyright directive on Thursday. The regulation is an update to a 2001 directive on copyright, and is aimed at modernizing those rules for […]
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UK reels from second nerve agent poisonings, Russia denies involvement
Two U.K. citizens are critically ill in hospital after being exposed to the Novichok nerve agent — the same potentially lethal toxin that was used to poison former Russian spy Sergei Skripal and his daughter Yulia in March. The man and woman, both British and named in U.K. media reports as Charlie Rowley, 45, and […]
Read moreSingapore’s competition watchdog on Thursday proposed fines on Uber and Grab and said they may have to unwind their merger because of “substantially lessened competition” in the market. Uber sold its Southeast Asia business to ride-hailing rival Grab in March. The move saw the San Francisco-based company acquiring a 27.5 percent stake in Grab and […]
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