South Korea’s military said on Wednesday a drone found earlier this month on a mountain near the Demilitarized Zone border was confirmed to have been from North Korea and described it as a “grave provocation” that violated the Korean War truce. The drone crashed while returning to the North and was found equipped with a […]
Read moreAbout $17 billion to $18 billion should initially flow into mainland China’s stock market once some of those stocks are added to the key MSCI Emerging Markets Index, an MSCI executive said Tuesday. MSCI announced earlier Tuesday a long-awaited decision in favor of addingstocks, known as A shares, to the firm’s emerging markets index, which […]
Read morePro-Islamic State militants stormed a town and occupied a school in the southern Philippines early on Wednesday, a police officer said, on the same island where fighting between government troops and Islamist militants has entered its fifth week. Members of the Bangsamoro Islamic Freedom Fighters (BIFF) were engaged in a gun battle with the military, […]
Read moreBank of Japan policymakers agreed that the amount of government debt purchases will fluctuate under its quantitative easing program, minutes of the central bank’s April 26-27 policy meeting showed on Wednesday. Members also said such fluctuations do not pose problems for the BOJ’s guidance on its market operations, the minutes showed. Policymakers also expressed more […]
Read moreEven though Jim Cramer hates bonds for how boring they are compared to stocks, he cannot discount their intelligence when it comes to predicting day-to-day market activity. On Tuesday, investors watched as bonds rallied and interest rates fell, signaling a slowdown. And while the “Mad Money” host made a point of saying stocks are not […]
Read moreIBM is one of few institutional companies that are constantly reinventing themselves, and CEO Ginni Rometty said that the technology giant found its latest gold mine in data. “Twenty percent of the world’s data is searchable. Anybody can get to that 20,” Rometty told “Mad Money” host Jim Cramer on Tuesday. “But 80 percent of […]
Read moreThe conversation in the technology community about artificial intelligence was first rekindled by manufacturing giant IBM and its AI platform, Watson, CEO Ginni Rometty said on Tuesday. “We are the ones that woke up the AI world here again,” Rometty told “Mad Money” host Jim Cramer in a wide-ranging interview about Washington, Warren Buffett and […]
Read moreIBM’s stock took a major hit when billionaire investor Warren Buffett said he sold about a third of his IBM shares, but CEO Ginni Rometty seemed unfazed when asked about his move. “We’ve traded publicly [for] 100 years out there,” she told “Mad Money” host Jim Cramer on Tuesday. “And the trick to being a […]
Read moreEven though Jim Cramer hates bonds for how boring they are compared to stocks, he cannot discount their intelligence when it comes to predicting day-to-day market activity. “Why should we trust bonds more than our own brains? A couple of reasons,” the “Mad Money” host said. “First, bonds represent trillions of dollars of activity, much […]
Read moreAs U.S. stocks closed lower Tuesday and crude oil fell to a nine-month low on global supply concerns, Boris Schlossberg, BK Asset Management’s managing director of foreign exchange strategy, discussed three items he is watching for in the market on Wednesday. 1. Existing home sales Shortly after the opening bell on Wednesday, the National Association […]
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