A little more than three months ago I wrote an article saying so-called safe haven stocks aren’t so safe. I pointed out that consumer staples stocks, as measured by the XLP — the popular consumer staples tracking ETF — were already off by 6 percent in early March. I take no pleasure in pointing this […]
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Watch Facebook's Mark Zuckerberg speak at Viva Tech 2018 as concerns over data protection heighten
[The stream is slated to start at 11:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] Mark Zuckerberg is speaking at the Viva Technology conference amid heightened concerns over how Facebook handles user data. The social network’s co-founder and chief executive is speaking to Maurice Levy, […]
Read moreGeopolitical turmoil and policy certainty are combining to make businesses more cautious about investing, Richmond Fed President Raphael Bostic said Thursday. With nuclear talks between the U.S. and North Korea breaking down, the central bank leader said the development was “a surprise” and part of “downside risks” for the economy. “Uncertainty has its own contribution,” […]
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Spain economy minister says he's not concerned about Italian bond market contagion
Spanish Economy Minister Roman Escolano is not concerned about the recent sell-off in the Italian bond markets, saying there is little contagion to other European markets like Spain. Lower sovereign bond yields in Spain, compared to a spike in Italy, reflect the “good fundamentals of the Spanish economy,” he said. A rise in yields — […]
Read moreThe market thought that President Donald Trump would do everything to make the U.S. summit with North Korea work, but that didn’t happen, closely followed trader Art Cashin said Thursday. “You saw a rally when it looked like everyone was getting along,” said Cashin, UBS director of floor operations at the New York Stock Exchange. […]
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Uber ‘moving in the right direction’ and will hopefully keep London license, exec says
Uber has taken steps to improve its business model and is hopeful it will regain its license to operate in London, the firm’s head of EMEA said Thursday. “London is a very important and strategic market for us, obviously,” Pierre-Dimitri Gore-Coty told CNBC’s Karen Tso. “I think the situation in London is a good example […]
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HOW much should company bosses be paid relative to their employees? It depends who you ask. Plato argued that the richest members of society should earn no more than four times the pay of the poorest. John Pierpont Morgan, a banker from America’s gilded age, reckoned that bosses should earn at most 20 times the […]
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EVEN as rich countries seek to rid workplaces of subtle gender bias, in many developing ones discrimination remains overt. According to the World Bank, women are barred from certain jobs in 104 countries (see map). Get our daily newsletter Upgrade your inbox and get our Daily Dispatch and Editor’s Picks. Donald Trump cancels his meeting […]
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When they are not fretting about the American dollar or Chinese debt, policymakers in emerging economies keep a close eye on the oil market. The price of Brent crude has risen by nearly 50% in the past year to around $80 a barrel. It ranks as the 11th-biggest spike in the past 70 years (adjusted […]
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WALK down the streets of Pyongyang, North Korea’s capital, and at first sight the passers-by look rather uniform. The women are in tidy skirt suits and medium-high heels. The men sport variations on the theme of the jacket and wide trousers preferred by Kim Jong Un, the country’s leader. Government-mandated lapel pins with portraits of […]
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