China’s growth rate and the burgeoning relevance of its consumers are “easily” the most important influences on the global economy, according to the former chairman of Goldman Sachs Asset Management. Jim O’Neill said Monday that while it had been “fashionable” to talk about India outpacing China as the fastest-growing major economy, it should not be […]
Read moreThe ride-hailing war between Uber and Lyft is moving international for the first time, with Lyft soon offering rides in Toronto, its expansion outside the US. Lyft announced Monday it would expand its service to Toronto in time to “help ring in the holidays.” “From brunch in Bloordale and belly laughs on Mercer St to […]
Read moreA sharp slump in the price of sterling early on Monday is unlikely to continue, according to currency experts, who believe that fears over U.K. Prime Minister Theresa May’s leadership are over exaggerated. The pound dropped 0.9 percent Monday morning to $1.3070, aided by a report by the U.K.’s Sunday Times newspaper which revealed a […]
Read moreA new app named Notch Remover promises to remove the black notch at the top of the display on the iPhone X. Lots of people apparently find the notch annoying and are talking about the app — but it’s not worth the $0.99 you’ll pay for it. I made that mistake this morning, originally planning […]
Read moreMobile chipmaker Qualcomm on Monday rejected rival Broadcom’s $103 billion takeover bid, saying the offer “dramatically” undervalued the U.S. company. Shares of Qualcomm were up 1 percent at $65.25 in premarket trading, while those of Broadcom fell 0.7 percent to $263. “After a comprehensive review, conducted in consultation with our financial and legal advisors, the […]
Read moreShipping companies United Parcel Services and FedEx could see as much as 50 percent earnings upside thanks to accelerating global trade, according to Goldman Sachs. Analysts at Goldman initiated coverage on both UPS and FedEx at buy, citing a strong international outlook and overblown worries about Amazon’s foray into airfreight and logistics. “We think the […]
Read moreGeneral Electric is trying to turn things around, as the company announced Monday it was slashing its dividend in half and restructuring to focus primarily on three units. “To really turn this company around operationally and culturally, it’s going to take CEO John Flannery — if he does it right — five years,” industrial analyst […]
Read moreEA‘s new Star Wars title is still days away from the official launch, but Battlefront II and its lofty in-game prices have already provoked outrage among gamers. Reddit users on the page r/StarWarsBattlefront flooded the site over the weekend with comments disparaging the difficulty of unlocking certain characters to be used in the game and […]
Read moreSaudi Aramco’s plan to take a portion of its business public next year will go ahead as scheduled in 2018, Oman’s oil minister told CNBC Monday. At an energy industry conference in Abu Dhabi, Oman’s Mohammed bin Hamad al-Rumhi was pressed for a definitive answer regarding his expectations over Saudi Aramco’s potential IPO next year. […]
Read moreIt’s been a wild ride for bitcoin investors in the last week. The news that the CME Group would launch a futures contract on the first and most highly valued cryptocurrency in the market sent the price of each bitcoin flying to a record high of $7,879 last week — more than 10 times its […]
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