It’s a race to Mars for Elon Musk. “You want to be inspired by things,” the SpaceX CEO told an audience of several thousand upon arriving on stage at the 2017 International Astronautical Congress in Adelaide, Australia. “It’s about believing in the future and believing the future is better than the past, and I can’t […]
Read moreCurrency, United States Finance
European markets seen higher ahead of inflation data; Qatar Airways buys Italian airline
European stocks are seen higher on Friday morning as investors focus on data releases and monitor U.S. plans to overhaul the tax system. The FTSE 100 is expected to start the day higher by 7 points at 7,325; the DAX is set to open up by 12 points at 12,711 and the CAC 40 is […]
Read moreUnnecessarily trade restrictions will hamper growth at U.S. ports by weighing on the automotive industry, Jim Newsome, CEO of South Carolina Ports Authority, told CNBC on Friday. Ports in the southeastern U.S. are dependent on the automotive trade, which has “thrived from having free trade basically,” Newsome told CNBC’s “Squawk Box” on Friday. “The automotive […]
Read moreAlphabet-subsidiary Google is building a tabletop smart screen device capable of making video calls, accessing company applications and controlling smart-home devices, offering direct competition with Amazon’s Echo Show, TechCrunch reported late on Thursday, citing multiple unnamed sources. The Google device, given the codename “Manhattan,” internally, will have a similar screen size to the 7-inch Echo […]
Read morePresident Donald Trump’s administration has launched an internal probe into the use of private e-mail accounts on the White House server by senior aides, Politico reported late on Thursday, citing four officials familiar with the matter. Officials will be searching for emails related to government business, Politico said, citing the unnamed officials. Accounts will also […]
Read moreSouth Korea‘s financial regulator on Friday said it will ban raising money through all forms of virtual currencies, a move that follows similar restrictions in China on initial coin offerings. The Financial Services Commission said all kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled […]
Read moreThe White House urged the chairman of the Securities and Exchange Commission to put on hold the sale of the Chicago Stock Exchange to a Chinese-led group, the Wall Street Journal reported on Thursday, citing people familiar with the matter. SEC staff had wanted to approve the deal, but the new chairman, Jay Clayton, froze […]
Read moreJapan’s core consumer prices rose 0.7 percent in August from a year earlier, marking the eighth straight month of annual gains, in an encouraging sign for a central bank struggling to meet its 2 percent inflation target. The rise in the nationwide core consumer price index (CPI), which includes oil products but excludes volatile fresh […]
Read moreThe greenback gave back some gains overnight while stocks climbed slightly as markets digested prospects for U.S. tax reform ahead of Asian trade on Friday. Markets in Asia also awaited a raft of data out of Japan later in the session. The dollar lost some steam on Thursday after surging on optimism following the release […]
Read moreAs e-commerce grows increasingly competitive, CNBC’s Jim Cramer revisited Wayfair, one of the space’s most hotly contested stocks, to see how it was faring on Wall Street. “It seems like every time some analyst comes out with a positive piece of research on Wayfair, someone else comes back with a bearish retort,” the “Mad Money” […]
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