In 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 […]
Read moreBain Capital plans to be the biggest investor in Toshiba’s chip unit, providing 850 billion yen ($7.7 billion) in equity as part of a consortium that also includes Japan government investors, three sources briefed on the matter said. The U.S. private-equity firm will, however, obtain around half that amount in financing from South Korean chipmaker […]
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Pentagon admonishes Russia for 'unsafe' intercept of US spy plane over Baltic Sea
A Russian fighter jet flew within five feet of a U.S. Air Force reconnaissance plane in an “unsafe” manner over the Baltic Sea on Monday, U.S. officials said. The near miss occurred over international waters on Monday morning, approximately 25 miles northwest of Kaliningrad – a Russian enclave between Poland and Lithuania. “Russia is certainly […]
Read moreUber IPO prospects remain ‘extremely good’ despite CEO Travis Kalanick resigning, Deutsche Bank says
Uber’s prospect of executing an initial public offering (IPO) remains “extremely good” despite CEO Travis Kalanick resigning and management changes, a top Deutsche Bank corporate banking executive told CNBC on Wednesday. Kalanick resigned on Tuesday after investors demanded he step aside amid a number of controversies at the ride-hailing service. The outgoing CEO has consistently […]
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