J.P. Morgan Asset Management CEO Mary Erdoes on Friday gave a bullish case for stocks, saying optimism about the booming market isn’t impractical. “Just because people are optimistic doesn’t mean they’re unrealistic,” Erdoes told “Squawk Box” from the World Economic Forum in Davos, Switzerland. Erdoes spoke as U.S. stock futures were higher, with the Dow, […]
Read moreInterest rates and classic measures of inflation have been pinned down to historically muted levels in recent years. As both show signs of creeping higher, some market watchers see the combination as a potential headwind for stocks. Inflation and the 10-year Treasury yield rising together are of particular importance to Mike Binger, senior portfolio manager […]
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Bitcoin can be called an asset, just don’t call it money, Swedish central banker says
Bitcoin and other cryptocurrencies are “not a very good version of money” due to their volatile nature, the deputy governor of Sweden’s central bank said Thursday. Cecilia Skingsley said that digital currencies were not an efficient store of value or means of exchange, but conceded that they could be called assets instead. “In my view, […]
Read moreU.S. computer maker Dell Technologies is exploring a range of options that could see the world’s largest privately held technology company grow further through acquisitions or go public, people familiar with the matter said on Thursday. Dell’s board of directors will meet later this month to consider the biggest shakeup in the company’s history since […]
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Bitcoin is getting bashed at Davos but the crypto world is fighting back
Bitcoin was hammered by top business leaders at the World Economic Forum in Davos, but those in the cryptocurrency world had a message of their own. Cryptocurrencies were one of the biggest topics at the Forum. There was an official session on it, CNBC ran a few panels about the subject in The Sanctuary, and […]
Read moreChina on Friday outlined its ambitions to extend President Xi Jinping‘s signature Belt and Road Initiative to the Arctic by developing shipping lanes opened up by global warming. Releasing its first official Arctic policy white paper, China said it would encourage enterprises to build infrastructure and conduct commercial trial voyages, paving the way for Arctic […]
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Vatican gives its advice on what Trump should tell global elite in Davos
The Vatican has given President Donald Trump its advice on what he should say during his address to global business and political leaders in Davos, Switzerland. When asked what he believed needed to be in Trump’s address to attendees of the World Economic Forum (WEF) on Friday, Cardinal Peter Turkson, Prefect at the Vatican’s Dicastery […]
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Estonia has no doubts on Trump's commitment to NATO, says Prime Minister Juri Ratas
The relationship between Estonia and the President Donald Trump administration is solid, Estonian Prime Minister Juri Ratas told CNBC at the World Economic Forum on Friday, countering doubts over the current U.S. government’s commitment to its NATO ally. Asked if Trump has been a dedicated friend so far, the prime minister replied, “We have a […]
Read morePresident Donald Trump has created, along with other male leaders, a wave of misogyny around the world, one of the co-chairs at the World Economic Forum (WEF) told CNBC on Friday morning. Sharan Burrow, the general secretary of International Trade Union Confederation and one of the seven female co-chairs of this year’s event in Davos, […]
Read morePresident Donald Trump is expected to deliver an “America First” message when he speaks at the World Economic Forum (WEF) on Friday. Trump has been meeting business executives and other world leaders during his two-day stay in the Swiss Alps. His presence at the Forum will culminate with the speech on Friday afternoon, when he […]
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