Britain’s Cineworld Group Plc has agreed to buy U.S. movie theater operator Regal Entertainment Group for $3.6 billion in cash, the companies said on Tuesday. A deal would put the combined company in a better position to take on U.S. industry leader AMC Entertainment Holdings Inc, and also give it more scale to fight growing […]
Read moreWe may be testing the limits of how far we can push the “tax cut” trade. Since early last week, when momentum in Washington really picked up, sectors that would see the biggest earnings boost from tax cuts have been notable outperformers. But there may be limits to how far investors can push this trade. […]
Read moreA stronger than anticipated OPEC-led commitment to extend production cuts will support prices through 2018, according to analysts at Goldman Sachs. In a research note published late Monday, Goldman lifted its Brent price forecast for next year to $62 a barrel and its WTI projection to $57.50 a barrel. The revisions were up from $58 […]
Read moreA humanoid robot that once said it wanted to destroy humans is now calling for women’s rights in Saudi Arabia, the chief executive of the company behind it said Tuesday. The robot, called Sophia and developed by Hong Kong-based firm Hanson Robotics, was granted citizenship in the Middle Eastern nation last month. “Sophia is a […]
Read moreApple Inc. succeeded on Tuesday in preventing Chinese smartphone maker Xiaomi Inc from registering its “Mi Pad” tablet computer as an EU trademark because the name was too similar to Apple’s “iPad.” The European Union’s second-highest court, the General Court, ruled that Mi Pad should not be registered as a trademark because consumers were likely […]
Read moreBitcoin is not a bubble but other cryptocurrencies are 'cannibalizing themselves,' fintech exec says
Bitcoin is not in a bubble but other digital currencies are “flooding the market with perishable supplies of worthless value,” according to the co-founder of financial technology company Glint. Ben Davies told CNBC that bitcoin does appear to be overinflated but that this obscures the bigger picture. “Bitcoin is not a bubble, albeit it has […]
Read moreThe ISM non-manufacturing index is due out Tuesday shortly after the market opens, and one strategist is watching the report for clues to broad economic health and whether its bullish market sentiment is supported. The non-manufacturing report is set to come out days ahead of the closely watched U.S. employment situation report on Friday morning, […]
Read moreCurrency, United States Finance
Sterling expected to fall much further if Brexit talks fail to break deadlock
Currency analysts are predicting a volatile period of trade for sterling as the British government races to agree a crucial Brexit deal ahead of an EU leaders’ summit later this month. The pound continued its slide Tuesday morning on news that a nearly-achieved deal had fallen through over disagreement on the question of the Irish […]
Read moreShe may be the first female chief executive of a major U.S. stock exchange operator, but it’s not the only arena that Adena Friedman has managed to champion. While many recognize Friedman for her work as president and CEO of Nasdaq, outside of the business world, the leading Wall Street figure takes on the world […]
Read moreCurrency, United States Finance
Greece's stability is attracting US investors amid tumult in Turkey and Middle East, minister says
A series of positive factors for the Greek economy are attracting U.S. investors back to the embattled euro zone nation, a government minister told CNBC. “There are many American investors who are interested in participating in projects in Greece, because every clever investor would be interested in an economy that now starts to have positive […]
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