International tourism is growing at its fastest clip in seven years, but the U.S. is on pace for its sharpest drop in foreign travelers since the wake of the recession. It’s a worrying trend for the travel and retail industries. International travelers tend to stay longer and spend more than their domestic counterparts. In the […]
Read moreBritain’s Rolls-Royce said on Wednesday it was considering the sale of its commercial marine business, which has been hit by weak demand in offshore oil and gas markets, as part of a restructuring of the company into three core units. Shares in the company jumped after it said the loss-making unit could be sold. They […]
Read moreFragile markets are “on the edge of chaos,” according to one asset management firm, which has compared what it deems an overvalued stock market to cryptocurrency bubbles. “Stocks are in complete bitcoin territory,” Francesco Filia, chief executive at asset management firm Fasanara Capital told CNBC Wednesday. The impending tipping point for markets, per Fasanara’s analysis, […]
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Things move fast in the world of modern medicine, but if expert predictions about what to expect in 2018 prove true, they might move at a quicker speed than anyone anticipated. It could also see technology companies start to become as important a player in the health-care world as pharmaceutical companies. Breakthroughs in everything from […]
Read moreEquities are off to a strong start for 2018 — yet financial advisors say now isn’t the time to get complacent. The Dow briefly surpassed 26,000 for the first time Tuesday, with the S&P 500 and Nasdaq also hitting record highs. That is, before U.S. stocks pulled back sharply in the afternoon on fears of […]
Read moreA group of 21 U.S. state attorneys general filed suit to challenge the Federal Communications Commission’s decision to do away with net neutrality on Tuesday while Democrats said they needed just one more vote in the Senate to repeal the FCC ruling. The state attorneys, including those of California, New York, and Virginia as well […]
Read moreGoogle‘s growing cloud business is trying to bring artificial intelligence to the masses, not just to the experts. The company introduced a new tool on Wednesday designed to simplify the process of deploying AI in business applications. It’s called Cloud AutoML and is already being used by companies including Disney and Urban Outfitters to make […]
Read moreShares of IBM rose 2 percent in premarket trading Wednesday after a top Wall Street bank upgraded shares, saying “a new dawn emerges.” Barclays raised its rating on IBM stock to overweight all the way from underweight on Wednesday, advising investors that the company could come to rival Amazon and Microsoft‘s Azure in the cloud […]
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He called crude oil’s comeback. Now Scott Redler of T3Live.com says crude could rise 22 percent more this year. “If everything goes right, perhaps we could see $74 this year,” Redler told CNBC’s “Futures Now.” But, after a strong rally to start the year, the commodity could first be in for a pullback. WTI was […]
Read moreCheck out which companies are making headlines before the bell: Goldman Sachs – Goldman reported adjusted quarterly profit of $5.68 per share compared to the $4.91 a share consensus estimate. Revenue also beat Wall Street forecasts. CEO Lloyd Blankfein noted the strong 2017 performance in the face of a “challenging” market-making environment. Bank of America […]
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