The Securities and Exchange Commission takes a fine-toothed comb through any suspicious activity, but rarely do allegations include a suspect searching online how to avoid the agency. Massachusetts Institute of Technology research scientist Fei Yan was arrested Wednesday on federal charges of insider trading. Prosecutors say Yan searched “how sec detect unusual trade” before he […]
Read moreStifel upgraded Snpachat-parent Snap shares to buy from hold on Thursday a day after the stock hit a new low since its March IPO. Analyst Scott Devitt said in a note Thursday that some of the worries surrounding Snap could be overblown: Competition from Instagram remains a chief concern for investors, though recent app download […]
Read moreCurrency, United States Finance
Germany ups barriers to foreign buyouts in bid to diminish Chinese appetites
Germany has reacted to last year’s foreign dealmaking frenzy by raising the bar on criteria for overseas acquirers seeking to snap up domestic targets in tech-heavy industries. A new directive adopted on Wednesday broadens the remit of an existing law which currently enables the government to block a non-European Union (EU) buyer from acquiring more […]
Read moreDo you earn enough to settle down in the swankiest parts of America? A 2017 GOBankingRates report that determined what it costs to live in the most expensive ZIP codes across the country will help you find out. The site looked at the cost of living in each ZIP code, factoring in median home values […]
Read moreThe market has plenty of reasons to keep on rallying, according to closely followed Wharton finance professor Jeremy Siegel. In an interview Wednesday on CNBC’s “Trading Nation,” the perennial bull acknowledged that optimism following the election of President Donald Trump “drove this stock rally last November, December, January.” Yet he’s not as worried as some […]
Read moreWith the third Amazon Prime Day now over, industry experts are contemplating whether the e-commerce giant’s annual day of deals will ever achieve the same status as consumer calendar events like Cyber Monday and Black Friday. “Amazon is absolutely trying to create an event with the retail black-hole-like gravitational field of a Black Friday or […]
Read moreBritish Prime Minister Theresa May said she cried a “little tear” when an exit poll revealed she had failed to win an overall majority in a June 8 snap election. May told BBC radio she felt “devastated” when the results came in, revealing she had lost her parliamentary majority, despite her call on Britons to […]
Read moreCheck out which companies are making headlines before the bell: Delta Air Lines – The airline reported adjusted quarterly profit of $1.64 per share, three cents a share below estimates. Revenue was essentially in line. The key metric of revenue per available seat mile was higher by 2.5 percent for the quarter. Target – The […]
Read moreThe European Central Bank is likely to signal in September that its 2.3 trillion euros bond-buying program would be gradually wound down next year, the Wall Street Journal reported on Thursday. Financial markets overwhelmingly expect the ECB to decide in September on the future of its stimulus policy beyond the end of this year, with […]
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U.S. hiring rose 12.1 percent in June from a year earlier, but fell 9.4 percent from May, LinkedIn reported Thursday. Still, May and June were the hottest two months for hiring by U.S. employers since the summer of 2015, the LinkedIn Workforce Report said. Dan Roth, LinkedIn editor-in-chief, told CNBC on Thursday hiring has spiked […]
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