The results from the second round of bank stress tests are hours away, but outspoken bank analyst Dick Bove argues the results won’t really matter much. “If you take a look at the structure of the American bank balance sheet, as a whole or even at the individual banks, it’s in phenomenally good shape, Bove, […]
Read morePresident Donald Trump has chosen his latest victim in a Twitter tirade — Amazon. Notably, this isn’t a new target for Trump either. Trump tweeted Wednesday morning that Amazon wasn’t “paying internet taxes (which they should).” TWEET The president also references The Washington Post, which is owned by Amazon’s CEO, Jeff Bezos, in his tweet. […]
Read moreIn the late 1970s, Jef Raskin, a pioneering technologist who was one of Apple‘s earliest employees, sketched out a radical vision for the future of computing. Computers, he argued, should work like home appliances. The ideal computer would require almost no learning curve or upkeep. You wouldn’t have to upgrade its operating system, say, or […]
Read moreCurrency, United States Finance
Euro sees a roller-coaster ride post-Draghi as dollar bulls start to throw in the towel
The currency markets experienced some major moves this week as politics and central banks come front and center, causing one major banking institution to ditch its parity call on the euro and the dollar. Deutsche Bank on Wednesday morning abandoned calls for the dollar to rise towards parity with the euro. In a research note […]
Read moreU.S. shale oil pioneer Harold Hamm on Wednesday warned that sub-$40 crude would cause many U.S. producers to stop drilling and warned fellow CEOs to exercise discipline. U.S. crude prices have plunged nearly 18 percent this year, giving up the gains they accrued after OPEC and other exporters agreed to reduce output last winter. The […]
Read moreGoldman Sachs raised its official 2017 target for the S&P 500 on Wednesday, but still thinks a drop is in the cards for the market benchmark from here. Higher rates will ultimately keep the market in check, the investment bank said. Goldman raised its year-end target on the S&P to 2,400 from 2,300, noting they […]
Read moreWith inflation low and wages showing little sign of an upward surge, the U.S. Federal Reserve should not be raising interest rates, Minneapolis Fed President Neel Kashkari said on Tuesday. “What’s the rush?” Kashkari asked at an event at Michigan Technological University in Houghton, Michigan, adding that neither wage nor inflation data is giving any […]
Read moreThe field of high-tech and venture capital investment is known worldwide for its low percentage of women in senior roles. In Israel, with its leading position in some high-tech fields and its Startup Nation ambition, dozens of new initiatives have sprung up over the last couple of years to encourage women entrepreneurs in startups. But […]
Read moreA few years ago, Sean Bridges lived with his mother, Linda, in Wiley Ford, W.Va. Their only income was her monthly Social Security disability check. He applied for work at Walmart and Burger King, but they were not hiring. Yet while Mr. Bridges had no work history, he had certain skills. He had built and […]
Read moreSamsung is going to re-launch the smartphone that it recalled and ultimately discontinued last year. The new device is called the Galaxy Note 7 FE — the FE stands for Fandom Edition — and will launch on July 7 beginning in South Korea, according to The Wall Street Journal. Samsung had to ultimately discontinue manufacturing […]
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