President Trump said Thursday the stock market would be much lower than its current record high if he lost the election last year. Tweet Link “If the Dems had won the Presidential Election, the Market would be down 50% from these levels,” he wrote on Twitter. The Dow Jones industrial average rose more than 170 […]
Read morePeter Thiel has connections across Silicon Valley thanks to ties he forged as co-founder and CEO of payments company PayPal more than 15 years ago. Dubbed the “PayPal Mafia,” the group includes some of the region’s most successful entrepreneurs, such as Tesla founder Elon Musk, LinkedIn founder Reid Hoffman, Yammer founder David Sacks, Affirm founder […]
Read moreCurrency, United States Finance
Volkswagen brand leaves behind emissions scandal, lifts profit targets
Volkswagen has raised the profit target on its VW-branded vehicles for 2020, after the car manufacturer almost hit the goal nearly three years ahead of schedule. Volkswagen said Thursday that its namesake brand will exceed its 2017 margin target of 2.5 to 3.5 percent. This result is remarkable, considering the hugely disruptive diesel scandal in […]
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MUSIC lovers do not typically go to the opera to buy a speaker. But at the Palais Garnier in Paris they now can: Devialet, a local maker of high-end speakers, on November 29th opened a store in the 19th-century music venue to sell its most sophisticated product, called Phantom. Looking like a dinosaur egg, this […]
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GREAT expectations attended digital journalism outfits. Firms such as BuzzFeed and Mashable were the hip kids destined to conquer the internet with their younger, advertiser-friendly audience, smart manipulation of social media and affinity for technology. They seemed able to generate massive web traffic and, with it, ad revenues. They saw the promise of video, predicting […]
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THE “kapsalon” is a healthy mix of chips, melted Gouda cheese, shawarma, lettuce and garlic sauce and is a tried and tested hangover cure in the Netherlands. So naturally, a butcher’s shop on the Spui, in The Hague, put it on its takeaway menu, alongside burgers and sausage rolls. As two young women walk out, […]
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CENTRAL bankers may control short-term interest rates, but long-term ones are mostly free to wander. They do not always behave. When Alan Greenspan, then chairman of the Federal Reserve, was raising short rates in 2005, he described a simultaneous decline in long rates as a “conundrum”. His successor-to-be, Ben Bernanke, blamed foreign investments in American […]
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ANGLO-SAXON capitalism has had a bad decade. It is accused of stoking inequality and financial instability. A relentless pursuit of shareholder value has led big firms to act in ways that often seem to make the world a worse place. Aeroplane seats get smaller, energy firms pollute the air, multinationals outsource jobs and Silicon Valley […]
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“WHAT does not kill me makes me stronger,” wrote Nietzsche in “Götzen-Dämmerung”, or “Twilight of the Idols”. Alternatively, it leaves the body dangerously weakened, as did the illnesses that plagued the German philosopher all his life. The euro area survived a hellish decade, and is now enjoying an unlikely boom. The OECD, a club of […]
Read moreNasdaq president and CEO Adena Friedman said Friday that plans for the exchange to launch futures tied to bitcoin are only at an early stage. In a report Thursday, Nasdaq officials told CNBC that it wanted to launch bitcoin futures as soon as the second quarter of 2018. But Friedman downplayed that timetable during a […]
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