The Federal Reserve roiled markets after it announced its second interest rate hike of the year, even though the decision was widely expected. Although the gradual rise in borrowing costs may give some cause to grow cautious on equities, I’m still constructive on stocks and the economy — for now, at least. Investors should remember, […]
Read moreNobody wants to use the ‘B’ word, but a bubble is upon us, a growing number of market watchers are warning. And it could pop sooner than many expect, Centricus Asset Management Fund Manager Ralph Jainz said Monday, joining a long list of financial players casting doubt on the strength of the market’s current bull […]
Read moreApple will automatically share a user’s location with emergency services when they call 911 in the future, the company said Monday. The new feature will be part of iOS 12, the upcoming software update for the iPhone and iPad, and will help emergency services locate a person more quickly when in need. In 2015, Apple […]
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Investors still love equities but ‘market fragility’ could be ahead in the second half of 2018
As the second half of the year approaches, investors are looking at what might impact their investments. From trade issues to political uncertainty and central bank policy, there are a number of factors to assess. Nonetheless, the consensus view suggests that a growth re-acceleration is underway, with profits to be made in the equity market. […]
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Munich prosecutors say Audi CEO arrested on risk he may suppress evidence
Munich prosecutors said that Audi Chief Executive Rupert Stadler was arrested on Monday because investigators saw the risk that he might seek to suppress evidence in connection with a diesel emissions probe. “The suspect has been seen by a judge, who has ordered him to be remanded in custody,” the prosecutors’ office said in a […]
Read moreLufthansa is in contact with Norwegian Air Shuttle, also the subject of bid interest from British Airways owner IAG, the German group’s chief executive told a German daily, sending Norwegian’s shares higher. “In Europe, everyone is talking to everyone. There’s a new wave of consolidation approaching. That means we are also in contact with Norwegian,” […]
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Martin Sorrell's reign over the ad industry 'has not been that glorious'
Former WPP CEO Martin Sorrell should have done more to promote creative inspiration during his reign over the advertising industry, a top executive told CNBC Monday. Speaking on the sidelines of Cannes Lion festival, Ami Hasan, chairman at Art Directors Club of Europe (ADCE), told CNBC that Sorrell and other global leaders of the advertising […]
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Immigration fight has handed Germany’s Merkel her ‘worst crisis’ in more than a decade
Chancellor Angela Merkel is at a defining point in her fourth term as German leader amid opposition from her political allies over migration. Her sister party, the Christian Social Union (CSU) from the Bavarian region, is against Merkel’s stance on migration. The allied party wants German police to prevent refugees, who are already registered as […]
Read moreMid-sized British bank CYBG said on Monday it had clinched a deal to take over rival Virgin Money after over a month of talks, in a deal valuing the lender at around 1.7 billion pounds ($2.26 billion). The deal will create Britain’s sixth biggest bank by assets. It is on the same terms as an […]
Read moreEuropean markets are set to open lower Monday after President Trump announced new tariffs against China. The FTSE 100 is seen off by 3 points at 7,642; the DAX is expected to start lower by 28 points at 12,996 and the CAC 40 is seen down by 18 points at 5,494; according to IG. Market […]
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