European leaders have hashed out a deal on migration that has satisfied the Italian government’s hardline approach and potentially staved off the potential collapse of Angela Merkel’s coalition in Germany. Several European leaders had told CNBC ahead of the marathon overnight meeting that they were not optimistic about reaching a deal. But in the early […]
Read moreGerman meal-kit delivery firm HelloFresh may start selling ready-made meals to tap into demand from consumers who prefer not to cook, co-founder Thomas Griesel told a German newspaper. HelloFresh, which competes with U.S. rival Blue Apron , delivers pre-packaged meal ingredients aimed at making home cooking more accessible. “We see a very big market niche […]
Read moreCurrency, United States Finance
European markets seen higher after EU migration deal; trade fears linger
European stocks are set to open higher Friday morning, although underlying sentiment was soured by anxiety over ongoing global trade frictions. The FTSE 100 is seen 40 points higher at 7,651; the CAC is expected to open up around 39 points at 5,308, while the DAX is poised to start 103 points higher at 12,261, […]
Read moreTesla will “quite likely” be able to produce 5,000 Model 3s per week by the end of June, CEO Elon Musk has said. That deadline has nearly arrived, but Ross Gerber, the president and CEO of Gerber Kawasaki wealth and investment management, told CNBC that the exact figures are not an issue. “I think that […]
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Xiaomi, founded just eight years ago in Beijing, quickly became a global tech juggernaut. It’s currently the fourth-biggest smartphone player in the world, according to market researcher International Data Corporation. While that’s a significant position, it at one point occupied the third-place spot, behind Apple and Samsung, before ceding that to fellow Chinese firm Huawei. […]
Read moreAs the United States increasingly confronts China over trade and turns away from decades of championing lower tariffs, Beijing is seen getting a boost from its globe-spanning — and heavily marketed — investment program. China’s Belt and Road Initiative is a massive infrastructure project that covers more than 80 countries, claims to seek the revival […]
Read moreWalmart was the lead buyer for months in talks to buy online pharmacy start-up PillPack. But Amazon swooped in, ultimately making a higher offer of around $1 billion. Losing that deal ended up costing Walmart about $2.3 billion, at least in terms of market value. Here’s how. According to a person familiar with the discussions, […]
Read moreAsian stocks looked set to open higher on the last trading day of the week, tracking gains seen stateside as investor concerns over U.S. trade policy persisted. Futures tipped Japan and Australia to open higher: Nikkei futures traded in Japan were up 0.22 percent compared to the benchmark’s Thursday close. Australian SPI futures were higher […]
Read moreCalifornia Governor Jerry Brown on Thursday signed data privacy legislation aimed at giving consumers more control over how companies collect and manage their personal information, a proposal that Google and other big companies had opposed as too burdensome. Under the proposal, large companies, such as those with data on more than 50,000 people, would be […]
Read moreRonda Fox finally got the news last week, three months into planting season: The federal government approved her application to employ more than a dozen temporary foreign workers for her family-owned landscaping business in Aurora, Colo. She had hoped to have her crew in place by April 1, but had initially lost out in this […]
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