Amazon customers are shopping at “record levels” worldwide this Prime Day, Amazon said Tuesday morning. The 30-hour event had only just begun, and at 4 am ET Amazon said that millions of Prime members globally had already shopped the website for bargains and so-called lightning deals. In the U.S., the Amazon Echo is the best-selling […]
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France is seriously trying to get rid of the biggest drag on its economy
Investors and international institutions often criticize France for its rigid labor market and how that’s a drag on its economic performance. But that’s about to change, the former governor of the Bank of France told CNBC. “I frankly think that apart from the U.K., in three, four months from now, France will have the more […]
Read moreLouis Vuitton just announced a range of “Tamour Horizon” smartwatches that run on Google’s Android Wear software. It’s the most recent luxury brand to launch a smartwatch running Google’s software. Others, such as Tag Heuer and Montblanc also sell high-end smartwatches. Each Louis Vuitton watch features a watchface with the company’s branding, as well as […]
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Time to buy? Gold experts see a sweet spot for bullion as inflation returns
Gold prices might be are under pressure from the current “risk-on” environment for equities and rising interest rates, but several analysts expect the price to recover and say the precious metal can provide investors some real risk protection. Gold is currently trading around $1,210 per troy ounce. During Monday’s session it fell to $1,204.45, the […]
Read moreThe future of food is coming fast. With Amazon picking up Whole Foods and meal kit services like Blue Apron going public, we are thrust into a quickly changing food system where on demand service is revolutionizing how and what we eat. It’s a time of even faster food, easy as the touch of a […]
Read more“Be bold,” says Padmasree Warrior, the CEO of driverless electric vehicle start-up NIO U.S. That’s one bit of advice she would give to young people just getting started in their careers. Before running the U.S. division of the global premium auto company aiming to compete in the same space as Elon Musk’s Tesla, Warrior was […]
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US shale production will see sharp growth slowdown in 2018, IHS says
U.S. shale production is expected to surge throughout the remainder of the year but investors should be prepared for nowhere near as much growth in 2018, according to Dan Yergin, vice chairman at IHS Markit. “We still see U.S. shale continuing to grow and being an important part of the supply but I think this […]
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Amid debt crises and raging protectionism, there’s still a country that badly wants to join the euro
The governor of the Croatian National Bank is confident that joining the euro zone’s single currency will be a good bet for a country that’s on a steady growth trajectory. Boris Vujcic told CNBC Tuesday said that joining the EU had given the country a much-needed boon in the aftermath of the European debt crisis […]
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Incoming EU banking regulations are a ‘headache for everyone’, RBS fintech advisor says
New banking regulations involving customer data sharing and data protection are a “headache for everyone”, according to a fintech advisor at the Royal Bank of Scotland. Alan Lockhart, head of open banking and fintech solutions at RBS said banks are slow to respond and would have to play catch up with the fintech industry due […]
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HSBC CEO confirms possible 'hard' Brexit plan to move 1,000 jobs to Paris
HSBC Chief Executive Stuart Gulliver confirmed on Tuesday possible plans to move 1,000 jobs from Britain to Paris in case of a so-called ‘hard’ Brexit, and said recent reforms from the French government would be positive, if enacted. “There is about 1,000 jobs out of 43,000 that are employed in the UK that will be […]
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