Wall Street is expecting Facebook to show a revenue rise of 40 percent from a year ago, though profit is expected to rise more slowly as the company again hired more workers and invested in new technologies. Revenue is expected to climb to $9.84 billion for the period, from $7.01 billion last year, based on […]
Read moreCurrency, United States Finance
UK investigates Brexit campaign funding amid speculation of Russian meddling
Britain’s Electoral Commission is investigating whether a leading anti-EU campaigner breached referendum finance rules, after speculation mounted that Russia may have meddled in the Brexit vote. Arron Banks, a major donor to the anti-EU campaign who was pictured with Donald Trump and leading Brexiteer Nigel Farage outside a gilded elevator soon after Trump’s 2016 U.S. […]
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In the midst of the August 2015 flash crash, when the Dow plummeted 1,000 points in a matter of minutes, General Electric shares fell 21 percent and touched an intraday low of $19.37 before rebounding. Now, two years later, despite an epic bull market that has seen the S&P 500 rally 31 percent over that […]
Read moreGlobal markets have started November with strong inflows and record highs. Several factors are causing investors to pour money into markets all over the world, including global economic expansion, improved earnings globally, pro-growth governments in Japan and India, hopes for moderate leadership at the Federal Reserve, and the long-anticipated U.S. tax reform legislation. In Asia, […]
Read morePapa John himself slammed NFL leadership on Wednesday, blaming the organization for lackluster sales at his pizza restaurants in the third quarter. John Schnatter, the founder and CEO of Papa John’s, said the league and its leadership “hurt” the company by not resolving the player protests that have been taking place during the National Anthem. […]
Read moreThe prospect that Amazon will enter the pharmacy space has cast a pall over stocks of drug distributors and retail pharmacies, erasing hundreds of millions of dollars from their market value. But in another sector of the drug space, Amazon’s entry would be welcomed: pharmaceutical companies. “Just like science is disrupted with gene therapy or […]
Read moreThe market capitalization of all cryptocurrencies soared to a record high Wednesday, on the back of a jump in the price of bitcoin. The total value of the digital currencies topped $185 billion for the first time at around midday ET, according to data from industry website Coinmarketcap. Bitcoin, the world’s largest cryptocurrency, shot above […]
Read moreThe market is celebrating despite the delay in the release of the House GOP’s tax-reform plan, closely followed trader Art Cashin told CNBC on Wednesday. “There are some worrisome things out there, but the market is not concerned,” said Cashin, UBS’ director of floor operations at the New York Stock Exchange. “New money for a […]
Read moreThe increasing interconnection of devices and vast flows of data between machines are transforming factory floors around the world. From robots that work alongside humans to tracking components throughout the logistics system, the internet of things (IoT) is reshaping the way products are designed and made — and changing the role of humans in manufacturing. […]
Read moreOil prices pulled back on Wednesday after data showed U.S. crude exports surged to an all-time high and American drillers pumped near record levels. The United States exported 2.13 million barrels a day of crude oil in the week through Oct. 27, the first time the country has crossed the 2 million-barrels-per-day mark. Meanwhile, preliminary […]
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