Shares of AeroVironment, a military drone maker, soared 22 percent in the premarket Wednesday after the company posted strong quarterly sales. The company’s revenue for fiscal second-quarter 2018 hit $73.8 million, marking a 47 percent year-over-year increase. AeroVironment attributed the sales surge to a $23.2 million gain in drones sales. AeroVironment’s strong revenue tricked down […]
Read moreEmerging market equities have been lagging recently, falling over 3 percent in the last week alone. But we’re still long emerging markets, and I believe it’s a larger story than just the recent sell-off in Chinese technology stocks. That sell-off has raised concerns regarding the health of the emerging markets trade. However, the drivers of […]
Read moreThis post originally appeared on Hunter Walk’s blog and is republished here by permission. Since Facebook, Twitter and Alphabet‘s YouTube have all been vocal (to various degrees) about staffing up the human element of their content moderation teams, here are a few things to understand about how these systems typically work. Most of this is […]
Read moreThe market has a problem: there’s nothing left to rotate into. Stocks sold off again midday Tuesday for the second day in a row. On the surface, the tax bill that has been such a market mover got push-back from Democrats who organized protests against what they view as tax cuts for the rich. I […]
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Britain has not formally assessed impact of Brexit on economy: Brexit minister
Britain has not conducted a formal sector-by-sector analysis of the impact that leaving the European Union will have on the British economy, Brexit minister David Davis said on Wednesday, arguing that they were not necessary at the current time. “There’s no systematic impact assessment I’m aware of,” Davis told a parliamentary committee, saying it would […]
Read moreGetting an education isn’t the only benefit to attending school — it also provides the opportunity to meet new people, build upon key social skills and learn valuable lessons for later in life. And that’s exactly what the first female CEO of a major U.S. stock exchange operator learned when she attended an all-girls school, […]
Read moreSquare is letting more people buy and sell bitcoin on its Cash app. The payments firm had tested the feature with a number of Cash users last month, and said in a tweet Wednesday that it planned to expand the feature to “more of our most active customers.” Tweet Users can swipe right from their […]
Read moreNext year is looking strong for China Southern Airlines, the company’s president told CNBC on Wednesday. Speaking on the sidelines of the Fortune Global forum in Guangzhou, China, Tan Wan Geng, the president of China Southern Airlines, looked ahead to the coming year. “The common view is our industry is entering a profitable cycle, so […]
Read moreCryptocurrencies’ total market value edged up to another record high Wednesday, surpassing that of the U.S.’ largest bank. The combined market capitalization of all digital currencies reached an all-time high of more than $370 billion at about 6:50 a.m. London time, according to Coinmarketcap data. This figure is worked out by multiplying the prices of […]
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EU unveils plan to help countries join the euro but there are ‘no strict deadlines’
The European Union announced fresh measures on Wednesday to further integrate the euro zone and assist members in joining the group’s monetary union, the euro. European Commission Vice President Valdis Dombrovskis, who also serves as the European Commissioner for the Euro and Social Dialogue, presented the contours of a package for the completion of Europe’s […]
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