SoftBank will soon see whether it has finally acquired a multibillion-dollar ownership stake in Uber — or whether the seemingly endless drama between the Japanese investor and the world’s most valuable startup has more scenes left. The proposed deal, which would also deeply reshape how Uber is governed, expires on Thursday (Dec. 28) at 12pm […]
Read moreThe market’s anticipation of strong sales from the new iPhones drove Apple shares much higher this year, but now one Wall Street firm says optimism for big upside is not warranted. Wells Fargo Securities reiterated its market perform rating for Apple shares, saying the latest China export data points to meager iPhone sales growth in […]
Read moreCheck out which companies are making headlines before the bell: Apple — Chief Executive Officer Tim Cook‘s total compensation for fiscal year 2017 jumped by 47 percent to $12.8 million. Other top executives also got sizable raises for the fiscal year ending in September, as the company surpassed annual sales and profit goals. Amazon.com – […]
Read moreAamir Qureshi | AFP | Getty Images A Chinese worker sits near trucks carrying goods during the opening of a trade project in Gwadar Port, Pakistan, on November 13, 2016. Pakistan The China Pakistan Economic Corridor (CPEC) is a partnership between the two Asian neighbors comprising of approximately $60 billion worth of infrastructure developments. CPEC […]
Read moreAs equity markets in the U.S. look to cap off a stunning year full of record winning streaks, all-time highs and strong returns across multiple asset classes, investors are left wondering: What will 2018 hold? The “single most important” trade for the market next year will lie not in the stock market, but rather in […]
Read moreApple and Amazon are in licensing discussions with Riyadh on investing in Saudi Arabia, two sources told Reuters, part of Crown Prince Mohammed bin Salman’s push to give the conservative kingdom a high-tech look. A third source confirmed that Apple was in talks with SAGIA, Saudi Arabia’s foreign investment authority. Both companies already sell products […]
Read moreRussian President Vladimir Putin said on Thursday that a blast that ripped through a St Petersburg supermarket the previous day injuring shoppers was the result of an act of terrorism. Putin was speaking at an awards ceremony in the Kremlin for Russian military servicemen and women who served in Syria. “You know that yesterday in […]
Read moreBitcoin fell on Thursday, marking the latest gyration following a major sell-off at the end of last week. The cryptocurrency fell as low as $13,672.16 on Thursday — an 11 percent decline compared with the beginning of the day, according to leading industry site CoinDesk. At 3:42 p.m. HK/SIN, bitcoin had ascended back to $14,233.60. […]
Read moreNetflix and Facebook could be the best so-called FAANG stocks for investors at the start of the year. FAANG refers to Facebook, Apple, Amazon, Netflix and Google-parent Alphabet. These stocks have seen big rallies this year. Using data analytics platform Kensho, CNBC looked at the performance of the FAANGs if you bought them on the […]
Read moreEuropean markets are expected to open in different directions on Thursday, amid a light holiday-week of trade seen across markets worldwide. On the bourses front, the U.K.’s FTSE 100 is expected to open 15 points higher at 7,626, while the German DAX is set to open 15 points lower at 13,063 and the French CAC […]
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