IN his book about the use of language, “The King’s English”, Kingsley Amis describes a tug-of-war. On one side are “berks”, careless and coarse, who would destroy the language by polluting it. On the other side are priggish “wankers”, who would destroy it by sterilisation. Get our daily newsletter Upgrade your inbox and get our […]
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FOR now, at least, when speaking of the trade dispute with America, China’s government is taking a more-in-sorrow-than-in-anger tone. That helps explain the Chinese public’s surprisingly measured views of Donald Trump, and gives the Chinese government some breathing room to consider its options. The state media have so far taken the high ground. True, the […]
Read moreCurrency, United States Finance
Dutch finance chief opposes latest Franco-German push to bolster euro area
French President Emmanuel Macron overcame a key hurdle in his plan to reform the euro area earlier this week, but there are more obstacles in the way, including the Netherlands. Macron had managed to get German Chancellor Angela Merkel on board to create a common budget to help reduce the economic divergences across the euro […]
Read moreCNBC’s Jim Cramer said Thursday he was “stunned” by news that Brian Krzanich had resigned as Intel chairman and CEO. However, the “Mad Money” host added he is confident that others can take charge at the tech company, which has seen its shares rise more than 54 percent over the past year. Krzanich “was a […]
Read moreStates have broad authority to force online retailers to collect potentially billions of dollars worth of sales taxes, the U.S. Supreme Court ruled on Thursday, siding with South Dakota in its high-profile fight with e-commerce companies. The justices, in a 5-4 ruling against Wayfair, Overstock.com and Newegg, overturned a 1992 Supreme Court precedent that had […]
Read moreJim Rogers is the latest investing guru to venture away from active management by attaching his name to an exchange-traded fund. The Rogers AI Global Macro ETF (BIKR) launches Thursday in New York. It’s based on an index that tracks a model Rogers, 75, and his team at Ocean Capital Advisors have created using machine […]
Read moreInvestors are rallying behind Darden Restaurants. Shares of the restaurant group surged more than 10 percent in early trading Thursday after the company posted better-than-expected fiscal fourth-quarter earnings, buoyed by strong sales at most of its restaurants, and raised its quarterly dividend. Darden’s stock is on pace for its best day since March 2009. “Our […]
Read moreWall Street is buzzing over Micron’s surging profit growth and its better than expected sales forecast. Micron shares rose 4 percent at one point in early trading Thursday, a day after it reported better-than-expected fiscal third-quarter earnings and gave a fourth-quarter revenue guidance above consensus expectations. The stock was up 2 percent as of 9:45 […]
Read moreThis year’s Amazon Prime Day is reportedly scheduled to start around midday July 16 and continue through the following day. The unannounced date was accidentally published on a banner of Amazon’s U.K. website this week, according to TechRadar. Amazon didn’t immediately respond to CNBC’s request for comment nor confirm the date to TechRadar. TWEET A […]
Read moreIntel‘s Brian Krzanich is out as CEO and chairman of the board following an investigation into a “consensual relationship with an Intel employee,” the company announced Thursday. Chief financial officer Robert Swan will step in as interim CEO, effective immediately. The board has already begun the search for a permanent replacement. “An ongoing investigation by […]
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