Domestic auto stocks rose Thursday after the U.S. Department of Commerce started an investigation into automobile imports. The government is looking into whether the imports “threaten to impair the national security” of the United States. It will be carried out under Section 232 of the Trade Expansion Act of 1962, the agency said in a […]
Read moreShares in Samsonite fell to a 9-month low on Thursday after a short seller issued a report saying the world’s largest luggage maker had questionable accounting practices and poor corporate governance. Blue Orca Capital said the owner of the Tumi brand had concealed slowing growth through debt-fuelled acquisitions and had used accounting methods to massage […]
Read moreHousing stocks, among the top performers of 2017, are biting the dust. Homebuilders as a group, measured by the U.S. home construction ETF ITB, has sunk over 12 percent this year; that places the group on pace for its worst year since 2008, when it lost 44 percent, and its first negative year since 2011. […]
Read moreProsecutors investigating the downing of Malaysia Airlines Flight 17 over eastern Ukraine in 2014 said on Thursday they had identified the missile used to shoot down the plane as coming from a Russian military unit. The airliner was hit by a Russian-made missile on July 17, 2014, with 298 people on board, two-thirds of them […]
Read moreThe SUV slowly approaches an apartment complex in a quiet residential section of Miami Beach, Florida. On the second floor balcony, a group is gathered. Code Compliance Officer Vijma Maharaj approaches, her body camera recording, and tells them she has bad news. The apartment they rented on Airbnb is illegal. While tourist-dense South Beach, where […]
Read moreFacebook users will soon see a notice on their accounts asking them to review their privacy settings, as the company prepares for the rollout of new data protection rules in Europe. The alert, which starts appearing this week, asks users across the globe to reassess their preferences for the types of personal data Facebook can […]
Read moreNorth Korea has carried out what it says is the demolition of its nuclear test site in the presence of foreign journalists. The demolition happened Thursday at the site deep in the mountains of the North’s sparsely populated northeast. The planned closing was previously announced by leader Kim Jong Un ahead of his planned summit […]
Read moreThe U.S. Department of Justice opened a criminal probe into the possibility that traders are manipulating the price of bitcoin and other cryptocurrencies, according to a report from Bloomberg. The investigation surrounds the practice of spoofing — where an investor places orders that are intended to manipulate the price of an instrument — and flooding […]
Read moreChina has found no clues to explain what happened to an American citizen working at a U.S. consulate who reported suffering from “abnormal” sounds and pressure leading to a mild brain injury, a foreign ministry spokesman said on Thursday. The U.S. embassy, which issued a health alert on Wednesday to Americans living in China, said […]
Read moreCurrency, United States Finance
US Treasurys are the biggest risk to global markets right now, ECB’s vice president warns
A potential correction in financial markets is what keeps the European Central Bank’s vice president awake at night, he said Thursday, discussing the ECB’s recently released bi-annual financial stability report (FSR). “The main risk in the FSR is a correction in financial markets, particularly in the bond market,” Vitor Constancio told CNBC’s Annette Weisbach in […]
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