Whether the end is nigh on the spectacular run-up in large cap U.S. techs, or they’re back in market-darling territory, calls for caution persist. In fact, with tech easily the best performing sector so far this year, there’s no shortage of warnings on valuations. “The critics are right and they’re wrong,” closely-followed RBC Technology Research […]
Read moreMalaysia’s sovereign rating may be in trouble as an ongoing corruption saga threatens to destabilize the nation’s fiscal position, S&P Global Ratings has warned. In a Thursday statement that affirmed the Southeast Asian country’s A-/A-2 foreign currency and A/A-1 local currency ratings, S&P said Kuala Lumpur’s outlook remains “stable” but noted that the scandal surrounding […]
Read moreThe friend of former South Korean leader Park Geun-hye who was at the center of an influence-peddling scandal that rocked the country’s business and political elite has been sentenced to three years in jail, the Yonhap news agency reported on Friday. Prosecutors had demanded a seven-year jail term for Choi Soon-sil on charges of obstruction […]
Read moreColor-changing drinks, liquid nitrogen dessert and gourmet marshmallows — fare for a music concert or the Muslim holy month of Ramadan? It may be unconventional, but in Singapore, hipster food crazes are all the rage during the Islamic celebration. Every year, a mega market pops up on the island nation in honor of the month-long […]
Read moreYour favorite brew of Darjeeling tea could soon be in short supply. Political chaos has forced the closure of tea plantations and estates in India’s famed Himalayan town, dealing a blow to brands dependent on Darjeeling’s prestigious teaplant. Darjeeling, a popular hill station in the state of West Bengal, is currently in shutdown mode, with […]
Read moreChinese tech giants Alibaba Group Holdings and Tencent Holdings will be among new investors pouring a total of around $10 billion into mobile carrier China Unicom, sources said, part of efforts by Beijing to rejuvenate state behemoths with private cash. Four sources with knowledge of the matter told Reuters that Alibaba and Tencent would invest […]
Read moreKuwait has reportedly handed a list of demands to Qatar related to a diplomatic spat that saw several Gulf countries including Saudi Arabia cut diplomatic and commercial ties, Reuters reported on Friday, citing Al Jazeera television. The television network, based in Qatar, cited sources on the list, adding there were no immediate details . Saudi […]
Read moreWith its pair of launches on Friday and Sunday, SpaceX hopes to demonstrate its rocket services can be a cost-effective, rapid-turnaround means of reaching the final frontier. No private company has successfully launched two rockets in a 48-hour time frame since United Launch Alliance did so in March 2008 — and SpaceX aims to both […]
Read moreIn a market that has plenty to worry about, whether it be the Senate health care bill, retail’s demise, or impending deflation, Jim Cramer says it is preoccupied by one thing only: Amazon. “I think the undercurrent, or I should say the undertow, of Amazon, is such a dominant threat to so many consumer-related sectors […]
Read moreWhen alcohol giant Diageo decided to buy Hollywood actor George Clooney’s tequila brand, Casamigos, for up to $1 billion, Jim Cramer instantly took notice. “It’s not very often that I get to talk about one of my favorite subjects on air: tequila,” the “Mad Money” host said. At first glance, what intrigued Cramer most was […]
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