China urged the United States to revoke immediately its “wrong decision” to sell Taiwan $1.42 billion worth of arms, saying it contradicted a “consensus” President Xi Jinping reached with his counterpart, Donald Trump, in talks in April in Florida. The sales would send a very wrong message to “Taiwan independence” forces, China’s embassy in Washington […]
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The first half of the year comes to a close Friday, and it certainly has been a strong period for stocks. Year-to-date gains through Thursday: the Dow was up 7.7 percent, the S&P 500 is up 8 percent and the standout Nasdaq has soared over 14 percent. Over the past two decades, stocks have generally […]
Read moreLatinos are better represented at Google compared with a year ago, according to the company’s latest diversity report. And more women hold technical roles. But not by a lot. Google remains mostly white, Asian, and male, and that hasn’t budged much in the last year. Here’s the breakdown of how things changed in 2016. Latinos […]
Read moreIf Amazon‘s servers were to go down, the internet would be in big trouble, Reddit co-founder Alexis Ohanian said Friday. Many of the websites that we “know and love” rely on Amazon’s infrastructure, Ohanian told CNBC. “The internet kind of skips a beat,” Ohanian said on “Squawk Box.” “So many companies are contingent on that. […]
Read moreA daily morning look at the financial stories you need to know to start the day. STOCKS/ECONOMY -Stock futures are higher this morning after Thursday’s broad selloff. We get personal income and spending data this morning along with consumer sentiment. -St. Louis Fed President James Bullard says more Fed rate hikes now would be too […]
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As technology stocks dive and the tech-heavy Nasdaq Composite is set to log its first monthly loss since October, some strategists are forecasting further weakness for technology in the near term — with an upward resumption further out. “The sector is in for what I call an intermediate-term correction,” Robert Sluymer, technical strategist at Fundstrat […]
Read moreCheck out which companies are making headlines before the bell: Bank of America – Berkshire Hathaway will exercise warrants to buy 700 million common shares of Bank of America, using its $5 billion in preferred shares as consideration. Its exercise price is just above $7.14 per share, well below where Bank of America is currently […]
Read moreBecause of an astute investment made in Bank of America six years ago while the bank was struggling, Warren Buffett is about to make a quick $12 billion and become the financial institution’s largest shareholder. Buffett‘s Berkshire Hathaway said Friday it will exercise warrants in Bank of America that will allow it to acquire 700 […]
Read moreMajor banks are betting on artificial intelligence (AI) to act like a digital personal assistant to customers, helping to automate money-making decisions, top CEOs in the sector told CNBC, amid the continued threat from new, more nimble entrants into the market. “Really people don’t like banking , it’s boring, it takes time, causes them stress, […]
Read moreJapan’s central bank issued a rare apology on Friday over a board member’s praise for Adolf Hitler’s economic policies. Yutaka Harada, a member of the board of the Bank of Japan, told a seminar on Thursday Hitler’s economic policies had been “appropriate” and “wonderful” but had enabled the Nazi dictator to do “horrible” things to […]
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