Google quietly acquired a U.K.-based company which turns the surface of devices such as smartphones into speakers with its technology. A U.K. regulatory filing from December 2017 showed that Google subsidiary Google Ireland Holdings Unlimited Company, bought all the shares of NVF Tech, the parent company of Redux Laboratories. The filing did not list the […]
Read moreIBM plans to reassign up to 30 percent of staff in its 103,000 computer service delivery business this year with job losses through attrition of around 10,000, technology website The Register reported on Thursday, citing unnamed company insiders. The news site published a slide it said was from an IBM internal presentation, which showed 10,100 […]
Read moreThe number of Americans filing for unemployment benefits unexpectedly rose last week, hittingtheir highest level in more than three months, likely as a cold snap kept some workers at home. Initial claims for state unemployment benefits increased 11,000 to a seasonally adjusted 261,000 for the week ended Jan. 6, the highest level since late September, […]
Read moreCurrency, United States Finance
The euro is surging right now on concerns the ECB is getting ready to take the punch bowl away
The euro jumped on Thursday after policymakers at the European Central Bank (ECB) unveiled upbeat minutes from its mid-December meeting. Shortly after the minutes were published, the euro surged 0.33 percent to hit $1.1983 at around 12:40 p.m. London time. The common currency also spiked against the pound, rising almost 0.5 percent, with a unit […]
Read moreThe early days of 2018 may be pointing to another monster year for gains, but Wall Street legend Byron Wien believes the rally is in a danger zone. Wien, vice chairman of Blackstone Private Wealth Solutions, is warning investors that a 10 to 15 percent stock market pullback is virtually unavoidable. “Sentiment is bordering on […]
Read moreCheck out which companies are making headlines before the bell: Delta Air Lines – The airline reported adjusted quarterly profit of 96 cents per share, 8 cents above estimates, while revenue also beat forecasts. Delta also raised its 2018 earnings guidance to $6.35-$6.70 compared to consensus of $5.94, largely due to the effects of tax […]
Read moreNetflix’s original content success will boost its financial results, according to one Wall Street firm. Barclays initiated coverage for Netflix shares with an overweight rating, predicting strong subscriber and revenue gains for the next few years. “Netflix bull case at the core is relatively simple – if subscriber growth is faster than content cost growth […]
Read moreThe bond market has gone wild. Treasury yields are on the rise, as the 10-year note yield on Thursday jumped to its highest level since March and the 2- and 5-year Treasury yields hit their highest levels since 2008 and 2011, respectively. This action has sparked talk of the multidecade bull run in bonds coming […]
Read moreSamsung is being sued in France for misleading advertising related to alleged workers’ rights violations. The lawsuit was filed by two non-governmental organizations (NGOs), Sherpa and ActionAid France, in a Paris court on Thursday. It names Samsung Global, the electronics giant’s worldwide parent company, and local subsidiary Samsung Electronics France. Sherpa and ActionAid France claim […]
Read moreFinancial earnings season begins Friday with several big banks reporting. Here’s what to expect: 1. This will be one of the best quarters in a long time. We are in one of the best macro environment in years, with the fastest pace of economic activity in 13 years, according to Goldman Sachs. Earnings for the […]
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