The fast start for stocks this year is hinting that the upside “overshoot” of this bull market might be underway. There’s no formal or objective definition of such a phase. It’s more about the tenor and rhythm of the market than a level or moment. An overshoot period riding on public enthusiasm and confidence is […]
Read more
Currency, United States Finance
Check out the world leaders and celebrities that are going to Davos this year
Thousands of leaders from all over the world are scheduled to return to the snowy mountains of Davos, Switzerland, next week to discuss the latest global issues. The main theme at this year’s World Economic Forum (WEF) annual meeting will be “Creating a Shared Future in a Fractured World.” And with around 2,500 leaders from […]
Read moreGoogle is planning to build three underwater cables in 2019 to help expand its cloud business to new regions as it battles rivals Microsoft and Amazon. The subsea cables will run across different routes. The first will go from Los Angeles to Chile, the second will connect the U.S. to Denmark and Ireland, and the […]
Read moreCurrency, United States Finance
Megadeals in the euro zone hit their highest value since the financial crisis, study shows
The growth momentum in the euro zone helped the region log its highest annual value of mergers for over 10 years in 2017, according to new data from research firm Mergermarket. Throughout last year, more than 4,000 deals targeted the euro zone and were worth a total of 476.7 billion euros ($584.48 billion), the data […]
Read moreBitcoin could hit $100,000 in 2018, an analyst who correctly predicted the cryptocurrency’s rally at the start of last year told CNBC on Tuesday. Kay Van-Petersen, an analyst at Saxo Bank, added that other rival digital coins could also outperform. Van-Petersen forecast in December 2016 that bitcoin would reach $2,000 in 2017. At the time, […]
Read moreNorth Korea’s state-run media say U.S. President Donald Trump‘s tweet about having a bigger nuclear button than leader Kim Jong Un’s is the “spasm of a lunatic.” Rodong Sinmun, the ruling party newspaper, lashed out at Trump in a commentary on Tuesday that took issue with the U.S. commander in chief’s Jan. 3 tweet that […]
Read moreJapanese public broadcaster NHK issued a false alarm about a North Korean missile launch on Tuesday, but it corrected the error within minutes, messages on the NHK website showed. It was not immediately clear what caused the false alarm which followed a false missile alert that caused panic across Hawaii at the weekend. Source: cnbc […]
Read moreA bus carrying children to school in southern Germany hit multiple cars and then slammed into the side of a building without braking, injuring 48 people early Tuesday, including 10 seriously, police said. The injured were 43 children and the bus driver, as well as other adults who were aboard the bus, said Mannheim police […]
Read moreFrench President Emmanuel Macron is set to speak at this month’s World Economic Forum (WEF) in Davos, Switzerland, with analysts saying the popular new leader will be Europe’s man to watch there. Macron is expected to give a speech to world leaders and business people gathered in the Alpine resort on January 24. It is […]
Read moreBitcoin dipped to a six-week low Tuesday, as investors monitored warnings from regulators and reports of an escalated crackdown on the cryptocurrency market in China. Other major digital currencies including ethereum and ripple were also seen falling significantly. According to CoinMarketCap data, ethereum was trading at $1,090.96, down more than 18 percent in the last […]
Read more