The British government has confirmed it will review the use of cannabis for medicinal use. Home Secretary Sajid David told the U.K. parliament Tuesday that the use of cannabis-based medicines in the health service should be examined, as the current setup wasn’t working. “It is not satisfactory for the parents, it is not satisfactory for […]
Read moreWith few exceptions, top-selling smartphone models from Apple, Samsung, Huawei and the rest — a sea of rectangular slabs with rounded corners and maybe a bezel — lately have reached the limits when it comes to impressing consumers with new design elements to stand out. Now they are all about the screen. According to Brett […]
Read moreAre you a student and think investing is something that only people with full-time jobs can do? Well, think again. “If you have enough cash to leave a 10-buck tip after you’ve had food out, you have enough money to start investing,” said Emmet Savage, CEO of Rubicoin. “There’s this misconception that you need thousands […]
Read moreCurrency, United States Finance
VW names interim Audi boss, seeking to steady brand after its CEO's arrest
Volkswagen suspended Audi boss Rupert Stadler and announced an interim replacement on Tuesday, seeking to steady its most profitable business after German authorities arrested Stadler as part of an emissions probe. Audi said Stadler, 55, had requested to temporarily step down from his position, and named sales executive Abraham Schot as an interim replacement with […]
Read more“I’m not saying there won’t be a little pain,” President Trump said in April about the tense trade negotiations and ensuing brinksmanship between the U.S. and China. That day the Dow closed down 700 points when China threatened $50 billion in retaliatory tariffs on U.S. goods. Subsequent events have done little to relieve the pain. […]
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By revenue, chipmakers face the greatest risks in escalating trade tensions with Beijing. Among U.S. industries, semiconductor and semiconductor equipment companies have the highest revenue exposure to China at 52 percent, Morgan Stanley equity strategists said in a June 12 report. Chipmaker Qualcomm has 65 percent revenue exposure to China, and optical components manufacturer Lumentum […]
Read moreU.S. homebuilding surged to near an 11-year high in May amid an acceleration in both single-family and multi-family home construction, but a second straight monthly drop in permits suggested housing market activity will remain moderate. Housing starts jumped 5.0 percent to a seasonally adjusted annual rate of 1.350 million units last month, the Commerce Department […]
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A new research note warns that too many investors are stuck in a losing trade reminiscent of the dot-com era. The Leuthold Group’s Jim Paulsen is behind the ominous call. “More and more of the leadership stocks have been the more aggressive, high beta stocks and a lot of the defensive names have been left […]
Read moreOne Wall Street firm is getting a lot more bullish on Netflix’s ability to dominant the video streaming market. GBH Insights increased its price target for Netflix shares to $500 from $400, representing 28 percent upside to Monday’s close. It is the highest target out of the 36 analysts who cover Netflix, according to FactSet. […]
Read moreApple could be most at risk of all the big American technology firms if the trade tensions between the U.S. and China escalate. Late Monday, President Donald Trump threatened additional tariffs on $200 billion worth of Chinese goods. In response, China’s Commerce Ministry promised counter measures if Washington goes ahead. It follows tariffs announced on […]
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