French President Emmanuel Macron is so enamored by technology innovation that he has described his own spectacular political rise in terms usually applied to internet start-ups. He once considered giving up politics for entrepreneurship, he said in a recent speech, but “pivoted the business model” to run for president. “I want France to be a […]
Read moreBarracuda Networks on Monday agreed to be taken private by buyout firm Thoma Bravo for $1.47 billion in cash, four years after the data security firm went public. The offer of $27.55 per share represents a premium of 16.3 percent to Barracuda’s Friday close. The company’s shares were trading at $27.51. Barracuda, which manages data […]
Read moreBitcoin may be risky, but its jump to another new high has been nothing short of “amazing,” closely followed strategist Bob Doll told CNBC on Monday. The cryptocurrency surged to a record $9,682.10 on Monday, according to CoinDesk, breaking a mark set during Thanksgiving weekend. It later retreated to $9,615.13. It has risen more than […]
Read more
Wall Street is declaring Gap Inc. the “weekend winner” as strong department store traffic over Thanksgiving and Black Friday hints at a better-than-expected holiday season. While analysts were impressed with mall shopping overall, several said Gap companies including Old Navy were the biggest surprises. “Traffic and conversion appeared solid on Black Friday, despite sales continuing […]
Read moreDon’t panic, but there is now a 70 percent chance of a U.S. stock market correction, according to research conducted by fund giant Vanguard Group. There is always the risk of a correction in stocks, but the Vanguard research shows that the current probability is 30 percent higher than what has been typical over the […]
Read more
Prince Harry and U.S. actress Meghan Markle have announced that they are to be married. The wedding will happen in spring next year after the couple got engaged earlier this month. CNBC takes a look back at royal weddings through the years and how they have transformed into global events. Source: cnbc In pictures: A […]
Read moreThe market’s anticipation of big sales from Apple’s new iPhones drove its shares higher this year, but now one Wall Street firm says demand for its smartphones will be slightly worse than it expected. UBS said its recent survey of consumers pointed to weaker demand for the iPhone, but any financial downside will partly be […]
Read more
Broad agreement seems to be spreading on Wall Street that we are late in this economic and market cycle. But what exactly does that mean for investors when no one knows for sure how long it can “stay late” — or how generous the market might be before the cycle turns from “late” to “over?” […]
Read moreCurrency, United States Finance
The rise of Amazon and other online giants is creating a new sweet spot in UK real estate
Money managers are flocking to a new spot in the U.K. real estate market. Traditional office spaces are losing their attractiveness to investors, but the appetite for industrials and logistics spaces is on the rise. Industrials and logistics are offering the highest returns “due to the shift from physical stores to online shopping, as retailers […]
Read moreWalmart has aggressively invested in making its prices more competitive against brick-and-mortar rivals since the start of the year. Now, the shrinking gap is also becoming noticeable across a broad range of product categories online, according to a price study conducted for Reuters, as well as interviews with pricing experts, retail consultants, vendors and company […]
Read more