The ongoing tensions over international trade are the biggest economic risk to the euro zone, the managing director of the International Monetary Fund said Thursday. Though the euro area enjoyed an economic expansion “above potential” in 2017, “the momentum is slowing down a bit at the moment, Christine Lagarde, managing director of the IMF told […]
Read moreWomen in Saudi Arabia will be able to legally drive for the first time on Sunday — a historic move expected to spark more employment options for half of the country’s population. The milestone reform gives women independence and freedom of mobility, according to Enaam Gazi Al-Aswad, who is poised to become the first female […]
Read moreFoxconn, the world’s largest electronics contract manufacturer and a major supplier for Apple, said on Friday the biggest challenge the company is facing is the threat of a trade war between Washington and Beijing. Chairman Terry Gou was speaking at the company’s annual general meeting in Taipei as trade tensions stoke fears about the impact […]
Read moreEuro zone finance ministers agreed in the early hours of Friday a debt relief package for Greece and a new disbursement of 15 billion euros as part of its current 86-billion-euro bailout program, the head of euro zone finance ministers said. The deal involves a 10-year extension of maturities on loans from the European Financial […]
Read moreAsian stocks looked set to decline on Friday, tracking losses seen on Wall Street amid investor concerns about the trade dispute between the U.S. and China. Futures pointed to a lower open for Japan and Australia. Nikkei futures traded in Chicago fell 1.23 percent compared to the index’s previous close and Australian SPI futures were […]
Read moreChevrolet is bringing back its Blazer nameplate, but it is not the rugged truck-based SUV it once was. Chevrolet unveiled the new 2019 Blazer on Thursday, and it is a five-passenger, mid-size crossover that will fit between the slightly larger mid-size Traverse SUV and Chevy’s compact Equinox crossover. The vehicle shares a name with the […]
Read morePlenty of groups have been struggling in this market, but CNBC’s Jim Cramer found one subsector that’s been running hot. That is, until Thursday night. “The cloud-based enterprise software stocks have been holding up pretty darn well, at least until Red Hat tonight,” the “Mad Money” host said after the cloud play reported first-quarter earnings. […]
Read moreSpaceX’s behemoth Falcon Heavy rocket has won U.S. Air Force’s certification before even launching a second time, marking another milestone for CEO Elon Musk’s space venture. The Department of Defense said Thursday that SpaceX won a $130 million for a contract to launch the Air Force Space Command-52 satellite into orbit. The military said SpaceX […]
Read moreWhen CNBC’s Jim Cramer listened to Micron Technology’s conference call, he found himself considerably less skeptical about the chipmaker’s fate than most of the analysts. “I’m a believer,” the “Mad Money” host said Thursday. “I’m out on a limb here.” But, he admitted, “I think it’s worth the risk.” Micron, which makes flash memory and […]
Read moreEven a sprawling technology player like Microsoft might have trouble going after newly public cybersecurity company Okta’s business, CEO Todd McKinnon told CNBC on Thursday. Okta, which came public in April to huge fanfare, saw its shares surge 38 percent on its first day of trading. Shares of the company, which builds software to make […]
Read more