Wal-Mart is quietly growing its online grocery pilot, rolling out the service in two more urban markets this week. If you live in Orlando or Dallas, you will now be able to order your groceries on Walmart.com and have them delivered to your house via Uber, the big-box retailer announced on Monday. Until now, the […]
Read moreGerman Chancellor Angela Merkel criticized her predecessor, Gerhard Schroeder, on Monday for taking a new job at Russian oil producer Rosneft and said she did not intend to take any posts in industry once she leaves politics. The nomination of Social Democrat Schroeder to the board of Rosneft, subject to Western sanctions over Moscow’s role […]
Read moreA win for the Democrats in Congress next year may push U.S. President Donald Trump to resign rather than face a possible impeachment, says a political risk analyst. “If the Democrats win in 2018 as far as the House of Representatives, they can then actually publish the tax returns of the president,” John Raines, head […]
Read moreCheck out which companies are making headlines before the bell: Sempra Energy – Sempra announced a deal to buy power transmission company Oncor for $9.45 billion in cash. Under terms of the deal, Sempra will own about 60 percent or Oncor’s holding company, Energy Future Holdings. Sempra beat out Warren Buffett’s Berkshire Hathaway, which had […]
Read moreThe man who ran the largest tech fund during dot-com bubble turns bullish on FANG stocks. Here's why
A portfolio manager who made a name of himself during the dot-com bubble is abandoning his bearish view on tech stocks. Paul Meeks, chief investment officer at Sloy, Dahl & Holst, says he’s back to “risk on” after being skeptical that the stocks could deliver strong returns. “I don’t think they’re screaming buys here, but […]
Read moreAt least one person was killed and another injured in Marseille on Monday when a car crashed into two bus shelters in different parts of the French city, police said. Police advised the public to avoid the Old Port area where the driver, a 35-year-old man, was arrested. “At the moment we have no information […]
Read moreMore than 100 leading artificial intelligence (AI) experts are calling on the United Nations to prevent the development and use of killer robots. In an open letter to the UN published Monday, a group of 116 robotics specialists – including Tesla‘s Elon Musk and Google’s Mustafa Suleyman – urged the organization to take action against […]
Read moreFormer General Electric chairman Jeff Immelt has become the front-runner candidate to become CEO of Uber, according to numerous sources with knowledge of the situation. While the tension on the board of the car-hailing company remains high — due of late to an ugly lawsuit that one of its major investors, Benchmark, is waging against […]
Read moreCurrency, United States Finance
ECB's Draghi poised for speech at Jackson Hole — Here's what you need to know
European Central Bank (ECB) President Mario Draghi will refrain from using language that could potentially excite markets in his speech this Friday at the economic symposium in Jackson Hole having been scarred by his recent experience at another central banking conference in Portugal, say analysts. Bond yields and the euro surged following Draghi’s remark at […]
Read moreSoftBank founder Masayoshi Son is not just the wealthiest man in Japan. He’s not just a tech titan boasting billions of dollars worth of investments in some of the most important companies of our age. Son is his country’s lone mold-breaking entrepreneur. Decision-makers in Japan are usually fiscally conservative, whereas under Son, SoftBank appears to […]
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