Alibaba founder Jack Ma spent 800 hours traveling around the world last year and plans to increase that to 1,000 in 2017, evangelizing his burgeoning e-commerce platform, globalization and artificial intelligence. The billionaire Chinese businessman sat down with CNBC this week at the Gateway ’17 conference in Detroit for a wide-ranging interview on those topics […]
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Oil prices 'like a falling knife' as sentiment hits all time low, says analyst
Oil prices could be poised to fall below $40 a barrel before too long, according to an analyst at Energy Aspects, as the commodity appeared set to post its largest price slide in the first half of the year for the past two decades. “This is like a falling knife right now, I genuinely haven’t […]
Read moreToward the tail end of his 28-year career at Goldman Sachs, Don Duet was running the bank’s technology division and helping lead investments in emerging companies including Square, Docker and Barefoot Networks. Duet retired from Goldman earlier this year, but far from hitting the beach, the ex-banker has gone from investing in start-ups and deploying […]
Read moreIn the last 20 years, the U.S. stock market has undergone an alarming change that too few people are aware of. Between 1996 and 2016, the number of listed companies fell by half, from 7,322 to 3,671, according to data from Credit Suisse. This occurred despite the U.S. economy growing nearly 60 percent over the […]
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Trump's planned visit to the UK thrown into doubt after omission from Queen's Speech
President Donald Trump‘s state visit to Britain appears to have been postponed, as the announcement was omitted from the Queen’s Speech on Wednesday. In a speech written by the right-wing Conservative government, Queen Elizabeth II delivered the government’s legislative program for the next two years. However, while King Felipe VI and Queen Letizia of Spain […]
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Britain's Prince Philip hospitalised with infection but is in "good spirits"
Prince Philip, the 96-year-old husband of Britain’s Queen Elizabeth, has been admitted to hospital with an infection and will miss the formal opening of parliament, but he remains in good spirits, Buckingham Palace said. Philip, whose official title is Duke of Edinburgh and has sometimes drawn attention with headline-grabbing gaffes, has been by the queen’s […]
Read moreCheck out which companies are making headlines before the bell: Walgreens Boots Alliance – The drug store operator and lab operator Theranos have reached a tentative settlement of their legal dispute, according to The Wall Street Journal. The proposed deal would see Theranos pay Walgreens less than $30 million, although it has not been finalized […]
Read moreThe European aerospace giant Airbus is to fix deployable flight recorders to its planes that will eject from the plane and float on water in the event of a crash into the sea. “The beacon on it will alert emergency services within minutes” said Charles Champion , Executive Vice President of Engineering at Airbus Commercial […]
Read moreChinese efforts to persuade North Korea to rein in its nuclear program have failed, President Donald Trump said on Tuesday, ratcheting up the rhetoric over the death of an American student who had been detained by Pyongyang. Trump has held high hopes for greater cooperation from China to exert influence over North Korea, leaning heavily […]
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Retailers are still coming up short on winning shoppers over with in-store experiences. More than one-third of shoppers said they “feel nothing” when asked about their initial reaction after shopping in stores, GPShopper found in its latest report, “Reality of Retail: Consumer Connection.“ GPShopper’s study, which was conducted with research firm YouGov, asked roughly 1,200 […]
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