The positive feelings driving strength in the stock market and the economy could disappear if any of the geopolitical trouble spots were to heat up, Starwood Capital’s Barry Sternlicht said Wednesday. He also cited the wranglings in Washington over tax reform as another layer of unpredictability. “It feels like the ocean is full of money. […]
Read moreNordstrom shares opened 5 percent higher Wednesday after CNBC reported a Nordstrom family group was closing in on a deal with a private equity firm to help take the department store private. Nordstrom family members were close to choosing Leonard Green & Partners to help fund a buyout of the eponymous department store, people familiar […]
Read moreHere at Niantic we are incredibly excited about the transformative power of augmented reality. Why? To populate the world with cute and cuddly 3D characters? Well, yeah, we think that’s a cool idea. But something even bigger than that is at stake — whether we build technology that serves us or increasingly become servants to […]
Read moreJapan’s Mitsubishi UFJ Financial Group Inc (MUFG) said it has picked Amsterdam as its European Union investment banking base, as financial institutions prepare for Britain’s exit from the EU. Japan’s largest lender is following the footsteps of other banks and financial services firms that are setting up regulated subsidiaries in an EU country so that […]
Read moreAt a White House press conference last year, then Equal Employment Opportunity Commission (EEOC) chairwoman Jenny Yang stated that, “Pay discrimination goes undetected because of a lack of accurate information about what people are paid.” To address this issue, the Obama administration instructed employers to report information about employees pay, gender, race and ethnicity. But […]
Read moreThe most anticipated consumer technology product event in years lived up to the hype, at least according to Wall Street. Analysts are gushing with optimism over the potential upgrade cycle from Apple’s new high-end $999 iPhone X and iPhone 8 models that were unveiled Tuesday. “Apple took the iPhone franchise to a whole new level […]
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The iPhone X, iPhone 8 and iPhone 8 Plus are the first iPhones to support wireless charging. Qi, the standard Apple chose, is typically very slow. But Apple has the power to bring wireless charging pads everywhere, from retailers to restaurants, and I suspect it’s about to take off now that it’s finally in an […]
Read moreCurrency, United States Finance
Myanmar's leader cancels trip to UN General Assembly amid ongoing Rohingya crisis
Myanmar’s de facto leader, Aung San Suu Kyi, has canceled a trip to the upcoming United Nations (UN) General Assembly amid intense and far-reaching condemnation for her handling of the Rohingya crisis. Almost 400,000 Rohingya Muslims have fled to neighboring Bangladesh since the outbreak of violence last month, according to the UN. A spokesperson for […]
Read moreCurrency, United States Finance
EU puts ‘tragic’ Brexit moment out of its focus, but it cannot forget it
In a key six-thousand-word speech, the European Union mentioned the United Kingdom once and avoided the word Brexit. The strategy of the European Commission – Europe’s leading Brexit negotiator – has been clear since the U.K. voted to leave the bloc: building a team that only deals with Brexit, redirecting all Brexit-related issues to it, […]
Read moreJPMorgan believes investors should brace for volatility. Anastasia Amoroso, global market strategist for JPMorgan Private Bank, sees it particularly affecting the bond market. “I would consider positioning for a pickup in volatility in the fixed income markets or maybe even a pickup in rates. If we start to price in any progress on the tax-reform […]
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