EU state aid regulators will investigate whether Swedish furniture retailer Ikea’s tax arrangement with the Netherlands helped cut its tax bill – the latest crackdown on unfair tax deals between multinationals and EU countries. The European Commission said on Monday it was looking into two tax rulings issued to Inter Ikea, which operates Ikea’s franchise […]
Read moreCurrency, United States Finance
UK economy could lose $420 billion by 2030 if robots replace human jobs, study says
The U.K. economy could shrink by hundreds of billions of dollars by 2030 because of the impact of artificial intelligence (AI) and machine learning, according to a new study. Research by The Economist Intelligence Unit last week illustrated a number of scenarios detailing the impact of advances in AI on world economies. In one scenario, […]
Read moreCostco shares tumbled over the summer on worries the Amazon and Whole Foods Market merger will hurt the retailer’s business. But one Wall Street firm says the retailer’s e-commerce growth will be a catalyst to lift the stock to new heights. BMO Capital Markets raised its rating for Costco shares to outperform from market perform, […]
Read moreIt’s beginning to look a lot like Christmas, and FedEx could be about to deliver big profits for investors. The stock has been on a record run this year, tracking for its best annual performance since 2013. The rally could continue thanks to three things that are moving right now, according to Boris Schlossberg, managing […]
Read moreCheck out which companies are making headlines before the bell: Procter & Gamble — The consumer products giant appointed Nelson Peltz to its board of directors following a high profile proxy fight. The company said it held discussions with Peltz about a board seat because the shareholder vote was very close and that a large […]
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JPMorgan upgraded Twitter to overweight from hold on Monday, boosting shares of the social media stock which have been on the comeback trail this fall. “We are upgrading TWTR shares to overweight with a $27 price target and it is one of our top smid-cap ideas in 2018,” wrote analyst Doug Anmuth in a note. […]
Read moreThe total value of all cryptocurrencies in the world will hit $1 trillion in 2018, the CEO of one of the world’s largest digital wallet platforms told CNBC Monday. There are over 1,300 cryptocurrencies in the world such as bitcoin and ether with the total market capitalization totaling over $587 billion, according to data from […]
Read moreToyota Motor on Monday said it will market more than 10 all-electric vehicle (EV) models globally in the early 2020s, and that investment to develop their batteries is likely to exceed $13 billion (1.5 trillion yen) through 2030. Setting out EV sales goals, the world’s second-biggest automaker by sales after Volkswagen said it needed to […]
Read moreAmerican optimism on the economy is reaching new heights and the President’s approval ratings looks to be benefiting, at least somewhat. The CNBC All-American Economic Survey found that for the first time in at least 11 years, more than half of the public rates the economy as good or excellent, while a near record 41 […]
Read moreThe U.S. Department of Justice and AT&T have held unsuccessful settlement talks over the wireless and pay-TV company’s bid to buy movie and TV show maker Time Warner, the two sides said in a court filing on Friday. The Justice Department has sued to stop AT&T, owner of DirecTV and the No. 2 U.S. wireless […]
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