The Federal Reserve kept its benchmark interest rate unchanged Wednesday but acknowledged that inflation is beginning to creep higher. In a widely expected move, the central bank’s Federal Open Market Committee held the funds rate at a target of 1.5 percent to 1.75 percent. However, there were several tweaks to the post-meeting statement that market […]
Read moreDr. Mehmet Oz said Wednesday that health technology needs to help every social class and not just the wealthy. The host of the Emmy Award-winning “Dr. Oz Show” appeared on CNBC to announce a partnership to launch a new smartwatch designed to monitor the elderly for heart failure. “We don’t need technology like this that […]
Read moreTechnology stocks, rather than industrial heavyweights, are driving much of the surge in capital investment in the first quarter, preliminary data shows. Capital expenditures are on track to post 25.9 percent growth in the first quarter, according to Thomson Reuters I/B/E/S, as of Tuesday morning. Much of that comes from a 59.8 percent projected growth […]
Read moreIt’s not what you do and mess up, it’s what you don’t do that will plague you when you are old and looking back on your life. So says Amazon and Blue Origin boss Jeff Bezos. “When you think about the things that you will regret when you’re 80, they’re almost always the things that […]
Read moreI recently bought a pair of Snap‘s new smart glasses. They let me record video and photos and upload them to Snapchat — but they aren’t terribly good, and are too similar to last year’s unsuccessful model. I don’t even know why Snap decided to launch such an iterative model of the glasses, since it […]
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Going into earnings season investors were excited about the strong economy and benefits from tax cuts. Many predicted good stock performance would broaden out to all sectors from solid profit growth. But investors are still huddling in the same high growth technology names like FANG stocks with the S&P 500 roughly flat so this year. […]
Read moreThe Bank of England has named former Schroders and Morgan Stanley banking analyst Huw van Steenis as a senior adviser on the future of the British financial system. During the appointment — which the BoE said was likely to last six to nine months — Van Steenis will help BoE staff study new financial technology, […]
Read moreGoogle is launching a new program to pour money and other resources into early-stage start-ups that work with its digital assistant. The program resembles Amazon’s Alexa Fund and reflects the extent to which Google sees the success of its smart assistant as a driver of future growth, as both companies (and other tech giants) vie […]
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The U.S. dollar just hit its highest levels since late December, a move that’s planted it in overbought territory, according to one chart watcher. “On a very short-term basis it’s getting a little ahead of itself,” Matt Maley, equity strategist at Miller Tabak, told CNBC’s “Trading Nation” on Tuesday. He noted that the dollar’s relative […]
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For the past 10 years, the investment story on Apple was fairly straightforward. Investors and analysts only cared about how many iPhones it sold. And while that’s still the primary metric for the company’s success, it is no longer the only metric. The Apple story is more diversified than the company gets credit for, and […]
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