Treasury Secretary Steven Mnuchin said Thursday that he spends little time thinking about dollar weakness over the short term, on the back of his previous comments which sent the U.S. currency reeling amid fears of a trade war. Speaking during a CNBC moderated panel at the World Economic Forum in Davos, Mnuchin said dollar weakness […]
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Salesforce CEO Marc Benioff brings an A.I. machine called Einstein to his weekly staff meeting
For the past year, weekly senior staff meetings at global firm Salesforce have been attended by an artificial intelligence (AI) machine known as “Einstein.” Marc Benioff, the cloud-based software company’s CEO, revealed Thursday that he relied on the software every Monday morning. Speaking on a panel at the World Economic Forum (WEF) in Davos, Switzerland, […]
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Innovators such as Tesla are fast-tracking a technology 'renaissance,' CEO says
Rapid advancements in technology will help to create “completely new” industry solutions over the coming years, according to the CEO of software group Dassault Systemes. Speaking at the World Economic Forum in Davos, Switzerland, Bernard Charles told CNBC on Thursday: “I think we are going beyond digitalization of the new industry, I think this is […]
Read moreFrom the ring to the C-suite, WWE’s Stephanie McMahon has shown the world that she’s a force to be reckoned in both the corporate and wrestling world. Being a part of the family business — where her parents have both held the position of WWE CEO — McMahon currently holds the position of WWE’s chief […]
Read moreSudden changes in volatility and monetary policy could spark an “interesting” period for stock markets in the next couple of years, the CEO of Barclays warned Thursday. Speaking at the World Economic Forum in Davos, Jes Staley noted that financial conditions are somewhat reminiscent of the run-up to the global financial crash of 2008. “Asset […]
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Al Gore defends Trump, says he's not to blame for tariffs on solar panels
Former Vice President Al Gore, by his own admission, does not make a habit of defending President Donald Trump. The U.S. president approved controversial tariffs on imported washing machines and solar cells on Monday. The move, which is aligned to Trump’s “America First” stance on trade, aims to protect domestic manufacturers from foreign competitors. “I […]
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Dollar slumps to a three-year low but it's not worrying Europe … just yet
The U.S. dollar might have skidded to a three-year low but its depreciation is not worrying for Europe just yet, a top-ranking EU official told CNBC at the World Economic Forum in Davos, Switzerland. The euro was 0.2 percent higher against the dollar Thursday morning, trading at $1.2432. This after the dollar saw its biggest […]
Read moreDiageo, the world’s largest spirits company, reported a 1.7 percent increase in half-year sales on Thursday, as growth was curbed by foreign exchange rates and issues including a later Chinese New Year and a ban on selling alcohol near Indian highways and stood by its full-year goals. Diageo said operating profit rose 6.1 percent to […]
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Barclays CEO says new US tax policy is a 'very big deal' for his company
The U.S. is setting an example for the world in terms of tax friendliness, Barclays CEO Jes Staley told CNBC while at the World Economic Forum in Davos. “The USA has clearly embarked on a strategy to be very business friendly as a regulatory matter and now as a tax matter,” Staley said Thursday. “40 […]
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Oil CEO cheers historic OPEC deal despite it impacting 'selfish' companies like his
Patrick Pouyanne, chief executive of oil giant Total, told CNBC Wednesday that international oil markets were rebalancing thanks to the “historic” oil deal between OPEC and non-OPEC producers. “Frankly this discipline has worked,” Pouyanne said at the World Economic Forum in Davos, Switzerland. “But let’s be clear. I think the market has also reacted, it’s […]
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