Facebook Chief Executive Mark Zuckerberg has agreed for his meeting with European officials Tuesday to be livestreamed. Antonio Tajani, president of the European Parliament, said on Twitter Monday he had personally raised the possibility of webcasting the meeting with Zuckerberg. “I am glad to announce that (Zuckerberg) has accepted this new request. Great news for […]
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The consumer staples sector opens this week at the bottom of the S&P 500 again, but one technician has identified a quiet achiever that could break out. “Take a look at the chart of Hormel,” Craig Johnson, chief market technician at Piper Jaffray, told CNBC’s “Trading Nation” on Friday. “It started to show a big, […]
Read moreChina is considering an end to the limit imposed on the number of children that each family can have, according to a report. Such a move, as reported by Bloomberg on Monday, would be a dramatic shift away from the one-child policy that China imposed on its citizens for decades. In 2015, Beijing relaxed restrictions […]
Read moreThe hand-wringing over Tesla’s ability to generate profits on the Model 3 is overblown, according to Berenberg. The firm raised its price target for Tesla, predicting the electric car maker will be able to meet its 25 percent gross profit margin forecast for the Model 3. Berenberg also reiterated its buy rating for the stock. […]
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US likely to slap tough oil sanctions on Venezuela — and that's a 'game changer' for Maduro
The U.S. is almost certainly preparing to impose targeted crude sanctions against Venezuela, analysts told CNBC on Monday, in a move likely to constitute a “devastating” blow for the oil-dependent state. Venezuelan President Nicolas Maduro won re-election to another six-year term on Sunday, despite widespread anger over the South American country’s crushing economic and social […]
Read moreCheck out the companies making headlines before the bell: Alphabet – Alphabet’s Google operation was the subject of a piece in last night’s episode of “60 Minutes,” highlighting the company’s power and airing comments from critics who say Google is stifling competition. General Electric – GE will merge its transportation business with rail industry equipment […]
Read moreGoogle’s catchphrase “Don’t be evil” appears to have been all but removed from its corporate code of conduct. According to a report on the Gizmodo website, the company’s code has been edited so “Don’t be evil” appears only once. For example, a sentence that started “The Google Code of Conduct is one of the ways […]
Read moreA deadly virus described by the World Health Organization (WHO) as having the potential of becoming the next deadly major outbreak has killed nine people in the southern Indian state of Kerala. State health officials confirmed that three people had contracted the Nipah virus within the past fortnight. The first death was reported to government […]
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This is the impact the Italian populist government could have on the euro
The resurgence of a populist government in Italy is unlikely to push the euro significantly higher amid concerns the country will be spending more than what its economy generates. The euro has been on a sketchy patch since the start of the year — becoming stronger against the U.S. dollar, mainly in the first months […]
Read morePayPal shares rallied on news it plans to acquire Swedish payment company iZettle, and all signs point to this as a smart move. Even though the price tag is expensive — a hefty $2.2 billion — this helps solidify PayPal as end-to-end payments solution as retail shoppers continue moving online and payments are made increasingly […]
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