There is not much that the board of Uber has been able to agree on over the last few months. Along with an ugly lawsuit between its ousted CEO Travis Kalanick and major investor Benchmark Capital that arrives in court tomorrow, its directors have been riven into so many factions on so many issues that […]
Read moreCurrency, United States Finance
It's time to 'really start negotiating,' says European Parliament chief for Brexit
U.K. and EU diplomats are locked in the third round of talks this week in Brussels, but real negotiations have yet to begin, the European Parliament chief for Brexit warned in an exclusive interview with CNBC. “Let’s be honest, I think it’s maybe the first round of negotiations,” Guy Verhofstadt, who represents the European Parliament […]
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Donald Trump went to the Texas coast on August 29th to see for himself the disaster-relief effort in response to Hurricane Harvey. But few other people are able to travel there. The storm has brought record-breaking rains and devastating floods to the Houston area, killing at least 30 people so far (the toll is expected […]
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THE yield on the ten-year Treasury bond fell to 2.13% on August 28th, after North Korea fired a missile over Japanese territory. Investors tend to buy government bonds when they feel risk-averse. That will have come as a surprise to those commentators who have called the bond market a “bubble” that is sure to burst; […]
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A widely followed research analyst said Amazon‘s acquisition of Whole Foods Market will add to the e-commerce giant’s bottom line, quickly. In his first note to investors since the buy-out of the organic grocery chain became official on Monday, Mark Mahaney of RBC Capital Markets raised his estimate for Amazon’s 2018 profit by 10 percent. […]
Read moreRussia’s central bank stepped in to launch one of the largest bank rescues in the country’s history, stoking fears of a possible systemic crisis in its banking sector. The Central Bank of Russia (CBR) said late Tuesday it planned to rescue Otkritie, the country’s seventh-largest bank by assets according to Interfax data, amid concerns about […]
Read moreWhile North Korea’s repeated missile tests and defiance of international sanctions may seem erratic to onlookers, Supreme Leader Kim Jong Un‘s latest move demonstrates a “very rational” strategy based on an “sense of acute timing,” one strategist told CNBC. Philippe Dauba-Pantanacce, global geopolitical strategist at Standard Chartered Bank, explained that the pariah state’s latest missile […]
Read moreVeteran retail analyst Dana Telsey said the retail sector is undergoing dramatic changes in the era of big data and e-commerce, but will survive. CNBC’s Mike Santoli spoke with Telsey, who leads a top research and consulting firm focused on retail, in an exclusive interview for CNBC PRO. Santoli asked her about the sector’s outlook […]
Read moreApple’s iPhone 8 will ditch the home button, Bloomberg said Wednesday. The iPhone 8, which is expected to be the most high end of three new iPhones, including the iPhone 7s and iPhone 7s Plus, will reportedly allow users to interact with the phone through swipe gestures from the bottom of the screen. This aligns […]
Read moreVeteran retail analyst Dana Telsey shared her thoughts on the future of the sector and revealed her favorite stock picks in an exclusive interview for CNBC PRO with Mike Santoli. On Amazon’s affect on the sector: “I think one of the things you can see is that brand names matter. And brands being able to […]
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