Money managers are becoming increasingly concerned about the prospects of a ‘no-deal Brexit’ between the U.K. and the European Union. Growing division within both British Prime Minister Theresa May’s Conservative government and the wider parliament is putting investors off. With less than six months of negotiations left — the U.K. is set to leave the […]
Read moreEuropean Union regulators will slap Alphabet-owned Google with a $5 billion antitrust fine for abusing the dominance of its Android mobile operating system, according to reports. The case relates to the dominance of Google’s Android operating system, which is one of the world’s most popular mobile software systems, competing fiercely against Apple’s iOS. The Android […]
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Ex-FBI chief James Comey urges Americans to vote for Democrats in midterm elections
Former FBI director and long-time Republican supporter James Comey is urging American voters to support Democrats in the upcoming midterm elections. “This Republican Congress has proven incapable of fulfilling the Founders’ design that ‘Ambition must … counteract ambition,’” Comey said in a tweet late Tuesday. “All who believe in this country’s values must vote for […]
Read moreTesla CEO Elon Musk apologized after making the baseless claim that a British diver involved in the Thai cave rescue mission was a pedophile. The apology comes after the spelunker, Vern Unsworth, who was involved in the early days of efforts to save the now-rescued boys’ soccer team, threatened legal action against the billionaire executive […]
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Disney, Comcast and Fox: All you need to know about one of the biggest media battles ever
Disney and Comcast are currently locked in a transatlantic bidding war for one of the entertainment industry’s most coveted assets. The skirmish to control some of Rupert Murdoch’s global empire comes as some of the worlds’ most influential media moguls try to find ways to stay relevant at a time when American consumers are cutting […]
Read moreShares of smartphone maker Xiaomi rose on Wednesday, notching a new high after Hong Kong’s stock exchange said it would work with its mainland counterparts on moving toward including companies with weighted voting rights in the stock connect program. That followed Hong Kong Exchanges and Clearing, which operates the Hong Kong stock exchange, saying Wednesday […]
Read moreThe trade war with the U.S. couldn’t have come at a worse timing for China, which had just begun focusing “in earnest” on fixing problems with its economy, J.P. Morgan analysts said. Many analysts have suggested that the impact of the Washington-Beijing trade skirmish will be relatively muted on the Chinese economy, noting that exports […]
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European markets set for a strong open amid earnings; Google in focus
European shares are set for a strong open on Wednesday carrying on the positive sentiment that kickstarted on Wall Street. The FTSE 100 is seen higher by 32 points at 7,665; the DAX is expected to start higher by 49 points at 12,724; and the CAC 40 is seen up by 21 points at 5,441; […]
Read moreHedge fund billionaire David Einhorn busted out of a $1 million buy-in poker tournament just short of taking home prize money, Tuesday night in Las Vegas. Einhorn and 26 other businessmen and poker players each ponied up $1 million to enter the World Series of Poker’s “Big One for One Drop” tournament. Einhorn survived two […]
Read moreSAN FRANCISCO — It’s official: President Trump is the single biggest political advertiser on Facebook. Mr. Trump and his political action committee spent $274,000 on ads on the social network since early May, outpacing the second-biggest spender, Planned Parenthood Federation of America, a nonprofit organization that provides reproductive health care. Planned Parenthood spent just over […]
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