Wall Street doesn’t like to admit to its mistakes, but Pacific Crest was forced to capitulate on its poorly timed downgrade of Nvidia after just over two months. The firm raised its rating for the semiconductor company to sector weight from underweight due to rising cryptocurrency mining demand for its graphics cards. “Meetings with desktop […]
Read moreBoston Fed President Eric Rosengren said on Tuesday that the era of low interest rates in the United States and elsewhere poses financial stability risks and that central bankers must factor such concerns into their decision-making. “Monetary policy is less capable of offsetting negative shocks when rates are already low,” Rosengren said in a speech […]
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Banks fined billions over forex rigging British prosecutors have filed criminal charges against Barclays and four former bank executives over cash injections from Qatar that helped save the bank during the global financial crisis. The bank and its former executives have been charged by the U.K.’s Serious Fraud Office with conspiracy to commit fraud by […]
Read moreThe Master of Finance (MF) Program of the Shanghai Advanced Institute of Finance (SAIF) at Shanghai Jiao Tong University has been recognized as one of the best in the world, according to a ranking by the Financial Times published today. In the Financial Times’ 2017 tabulation, SAIF’s MF program was ranked No 1 in Asia […]
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Luanda, Angola’s port capital situated on the west coast of southern Africa, usurped Hong Kong’s leading position this year to become the world’s most expensive city. But it is often cited as one of the most expensive cities in the world. Having battled through a long civil war, which destroyed much of the country’s infrastructure, […]
Read moreShares of Tesla rose nearly 3 percent in the premarket Tuesday after Bloomberg News reported the electric car company is close to a deal to produce cars in China. The report, which cites people familiar with the matter, said the deal would allow Tesla to build facilities in Shanghai’s Lingang development zone. An official announcement […]
Read moreCheck out which companies are making headlines before the bell: Lennar — The home builder reported quarterly profit of 91 cents per share, beating consensus estimates by 13 cents, while revenue was also well above forecasts. Lennar saw a 12 percent jump in new home order volume, with a 17 percent increase in dollar volume. […]
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The world has been given a peek at Boeing’s plans for a new small twin-aisle aircraft, unofficially dubbed the 797. Boeing (BA) released the first image of its new “middle-market airplane” at the Paris Air Show on Tuesday as a teaser for what will be the company’s first new airliner since its 787 Dreamliner. Source: […]
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JUHA JARVINEN, an unemployed young father in a village near Jurva, western Finland, brims with ideas for earning a living. “I’m an artist and entrepreneur. Sometimes I’m too active, I don’t have time to stop,” he says. He just agreed to paint the roofs of two neighbours’ houses. His old business, making decorative window frames, […]
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Here’s what Trump has said about bringing back coal jobs The rapidly falling cost of solar energy is going to make it difficult for President Trump to deliver on his promise to put coal miners back to work. Trump has taken steps to ease the burden on coal country by ripping up environmental rules and […]
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