China’s markets sizzled this summer, but experts say numerous risks loom — so keep the champagne on ice. The Shanghai Composite rose 3 percent in August, extending July’s rise and pushing the benchmark index’s gains to more than 8 percent in 2017. Similarly, China’s yuan recorded its strongest month in 2017, appreciating 2 percent against […]
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I dig it, though only played with it briefly during a meeting. I’m hoping to have a review unit soon, but setup should be just as easy as a standard Nest (it’s a cinch, in my experience installing one for a family member). Plus, if you live in certain cities with rebates for smart thermostats […]
Read moreMost Asian indexes made gains early on Thursday after positive U.S. data gave Wall Street a boost overnight as the dollar held onto overnight gains. Japan’s Nikkei 225 rose 0.57 percent, with gains seen across automakers and most tech stocks, as the dollar gained against the yen. Meanwhile, South Korea’s Kospi slipped 0.12 percent in […]
Read moreChina reports official manufacturing Purchasing Managers’ Index (PMI) for August on Thursday at 9 a.m. SIN/HK. Analysts polled by Reuters expected China to post official PMI of 51.3 for August, a tick down from 51.4 in July. A reading above 50 indicates expansion, while a reading below that signals contraction. French bank Natixis said in […]
Read moreThe takeovers are coming, the takeovers are coming! At least that’s what CNBC’s Jim Cramer thinks based on the stock market’s response to some recent, large-scale combinations. “It’s pretty simple: the upward movement in the stocks of the acquirers is going to drive the takeover bus,” the “Mad Money” host said. Until recently, Cramer felt […]
Read moreThe takeovers are coming, the takeovers are coming! At least that’s what CNBC’s Jim Cramer thinks based on the stock market’s response to some recent, large-scale combinations. “It’s pretty simple: the upward movement in the stocks of the acquirers is going to drive the takeover bus,” the “Mad Money” host said. Cramer began with the […]
Read moreIt hasn’t been an easy year for Hain Celestial Group founder, Chairman, President and CEO Irwin Simon. “I went through a year of hell,” Simon told CNBC’s Jim Cramer in a Wednesday interview on “Mad Money,” referring to a lengthy accounting probe into Hain’s financial practices. In his 24 years at Hain, Simon said “2017 […]
Read moreCNBC’s Jim Cramer found Wednesday’s market sentiment to be somewhat nearsighted about the potential catalysts that could drive stocks higher. “We’ve got to take a step back and look at the bigger picture here, because that’s what helped power today’s rally,” the “Mad Money” host said. For Cramer, the main market-moving theme was Hurricane Harvey […]
Read moreOn Wednesday morning, Uber investor Shervin Pishevar published a letter ahead of a hearing in the lawsuit fellow Uber investors Benchmark filed against former CEO Travis Kalanick. Pishevar is on Kalanick’s side. That hearing is already done, and the judge sent the case to arbitration, as Kalanick had pressed for. But the letter itself is […]
Read moreExpedia’s chief financial officer will be promoted to CEO, the company said on Wednesday. Mark Okerstrom will take over for Dara Khosrowshahi as president and CEO of the travel tech conglomerate. Khosrowshahi was recently named CEO of Uber. His job begins on Tuesday but Khosrowshahi will remain on Expedia’s board. (Expedia owns CarRentals.com.) “Prior to […]
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