Financials haven’t had a good month. The sector has fallen by more than 1 percent in three of the past five weeks and sunk to the bottom of the S&P 500 for the past 30 trading days. One strategist is betting on a big bank comeback into year-end. “It’s going take just a little bit […]
Read moreCheck out which companies are making headlines before the bell: BlackRock – The asset management firm reported adjusted quarterly profit of $6.66 per share, 11 cents above estimates. Revenue also came in above forecasts. BlackRock’s overall profits were up more than 25 percent from a year ago, helped by increased fee revenue, larger profit margins, […]
Read moreA British diver involved in the mission to save 12 Thai boys and their soccer coach is considering legal action against Elon Musk after the Tesla boss labeled him “pedo guy.” Spelunker Vernon Unsworth had called a submarine crafted by a team of Musk’s technicians a “PR stunt.” Billionaire Musk had suggested the vessel — […]
Read moreCurrency, United States Finance
Trump claims US-Russia relations have ‘never been worse’ shortly before Putin meeting
President Donald Trump blamed “U.S. foolishness” for souring relations between Washington and Moscow on Monday, just hours before he is expected to sit down with Russian President Vladimir Putin. Trump said previous U.S. administrations — and not Moscow — were to blame for a steep decline in U.S.-Russia relations in recent years. “Our relationship with […]
Read moreAs President Donald Trump and his Russian counterpart Vladimir Putin prepare for a head-to-head on Monday, nearby superpower China will be paying the most attention to the relationship dynamic between the two leaders, analysts told CNBC. The Trump-Putin summit taking place in Helsinki, Finland, this week “could present China with important strategic opportunities as well […]
Read moreAmazon workers in Spain went on strike Monday to protest working conditions at the e-commerce giant’s warehouses, just as its massive Prime Day sales kick off. A group called Amazon En Lucha organized the walk out at the company’s fulfillment center just outside the Spanish capital of Madrid. The strike will last until July 18 […]
Read moreThe spotlight might be on Presidents Donald Trump and Vladimir Putin Monday as they hold their first summit; but investors will also monitor a meeting between the EU and China with both looking to fend off U.S. tariffs. The EU and China launched negotiations for an investment agreement in 2013, but the ongoing threats and […]
Read moreCurrency, United States Finance
Trump-Putin summit could provide a ‘significant breakthrough’ on Syria, strategist says
President Donald Trump’s encounter with Russian President Vladimir Putin could be the catalyst for major diplomatic progress over Syria, one expert told CNBC Monday. The first official dialogue between the two global leaders will take place in Helsinki’s presidential palace on Monday, marking a symbolic end to the Western effort to isolate Russia after its […]
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With any new technology, particularly where large amounts of money is involved, there will be scrutiny from regulators and scams. ICOs have seen both. But the new nature of these digital token issuances has meant that the regulatory landscape globally is fragmented with each country looking at ICOs in different ways. Are ICOs legal? The […]
Read moreSouth Korea and Japan are the only Asian countries that regularly qualify for World Cup tournaments. While soccer is played throughout the region, long-standing sociocultural beliefs prevent the rest of Asia’s nations from making history at FIFA’s quadrennial competition, according to one former player. Culture is “one of the biggest determining factors” for nations looking […]
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