Japan’s core consumer prices rose 0.7 percent in April from a year earlier, government data showed on Friday, showing little of the inflationary momentum needed to reach the central bank’s elusive 2 percent target. The increase in the core consumer price index, which includes oil products but excludes volatile fresh food costs, fell slightly short […]
Read moreFutures pointed to a higher open in Asia on the last trading day of the week, with markets seeming to shrug off the soggy close on Wall Street despite investor concerns over U.S.-China trade talks. Nikkei futures traded in Chicago were up 0.23 percent at 22,900 compared to Thursday’s close of 22,838.37. Australian SPI were […]
Read moreLegalizing marijuana at the federal level in the U.S. could result in fewer prescriptions of addictive substances such as opioids, Canopy Growth founder and CEO Bruce Linton told CNBC on Thursday. Linton, whose Canada based-company has partnered with names such as cannabis icon Snoop Dogg and alcohol leader Constellation Brands, said that in other regions […]
Read moreYouTube’s global head of music, Lyor Cohen, told CNBC Thursday that he isn’t focused on the competition in the music streaming industry but instead sees a “great opportunity” ahead. YouTube announced this week it will launch on Tuesday a new music streaming service, YouTube Music. “I don’t think it’s a winner-win-all category. YouTube music has […]
Read moreFintech giant PayPal confirmed on Thursday it’s reached a deal to buy payments start-up iZettle for $2.2 billion — the biggest acquisition in its history. U.S.-based PayPal already operates in more than 200 countries around the world but is working to expand its offerings. IZettle provides mobile card readers and other digital payment products to […]
Read moreThe surging popularity of Epic Games’ “Fortnite” is attracting competition from a big game publisher. On Thursday Activision Blizzard announced it will include a battle-royale game mode called “Blackout” in “Call of Duty: Black Ops 4.” The title is slated for release on Oct. 12. “The Black Ops community means everything to us, so we […]
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Oil prices are surging this year, and the last decade shows that several energy stocks have performed well during similar periods of rising crude prices. The outperformers run the gamut, from refiners like Andeavor and Phillips 66, to independent U.S. drillers like Concho Resources and Pioneer Natural Resources, down to drilling contractors like Helmerich and […]
Read moreThe Pentagon defended the ongoing joint U.S. and South Korean military exercises Thursday amid North Korean threats of withdrawing from a highly anticipated summit with President Donald Trump next month. “The scope of our exercises has not changed,” chief Pentagon spokeswoman Dana White said, adding that the annual drills are “longstanding and defensive in nature.” […]
Read moreInvestors have sent $1 billion into digital coin projects that flash warning signs for fraud, The Wall Street Journal reported Thursday, citing its own analysis. In a review of 1,450 digital coin offerings, the Journal said it found 271 bore red flags such as plagiarized documents or fake executive information. Investors have already claimed losses […]
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The biggest hedge funds have been loading up on tech and media names, mostly to good results for an industry that has struggled otherwise to beat the market. The list of most-owned stocks contains many of the market’s favorites, with 15 of the top 20 with the highest hedge fund ownership being in the technology, […]
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