Rates are jumping right now after global central bankers promised inflation is eventually coming. Bond yields jumped dramatically in Europe and are rising in the U.S. as central bankers have re-emphasized inflation. The moves started when European Central Bank head Mario Draghi said the European economy was “strengthening and broadening.” But it was this comment […]
Read moreGoogle shareholders won’t be phased by the EU’s $2.7 billion fine against the company for competition abuses related to its shopping business, Elevation Partners co-founder Roger McNamee told CNBC on Tuesday. “As a shareholder of Google you’re looking at this and saying: ‘We won again,'” McNamee said. The venture capitalist spoke hours after EU regulators […]
Read moreThe record fine European Union regulators just slapped on Alphabet’s Google unit — at least $2.7 billion if it withstands a possible appeal — is only the beginning of the financial effect that Google will suffer from EU investigations. To start, the company will also have to change how it displays comparison shopping ads for […]
Read moreTesla’s reported plan to develop a streaming music service is a good way to hedge against the possible decline of the auto business, says one analyst. Outfitting its cars with its own entertainment services could help the electric car maker earn money in a future where the auto industry becomes “a highly regulated and commodified […]
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Steel stocks rose Tuesday amid expectations of a favorable Trump administration announcement on trade policy. U.S. Steel briefly rose more than 2 percent, while AK Steel jumped 3 percent in midday trading. Steel Dynamics and Nucor each traded more than 1 percent higher. The Department of Commerce is expected this week to announce findings from […]
Read moreBank of America Merrill Lynch added Tiffany & Co. to its US 1 list, a collection of the corporation’s favorite investment ideas. Analyst Lorraine Hutchinson provided several reasons why investors should consider buying Tiffany, including a management and board overhaul as well as an increased focus on innovation. Tiffany shares jumped nearly 2 percent in […]
Read moreKroger CEO Rodney McMullen acknowledged that the grocery industry is changing rapidly, and he’s touting his company’s ability to adapt. In the wake of Amazon’s plan to acquire Whole Foods, some have speculated that the pace of change will only accelerate in the sector. Some have even suggested Kroger should make a counteroffer for the […]
Read moreConsidering that U.S. President Donald Trump and German Chancellor Angela Merkel are known for their frosty relationship, one major political voice in Germany called for a rapprochement between two of the world’s biggest economies. “What (Germany) shouldn’t do is take an anti-American course,” Ralf Stegner, deputy leader of the center-left opposition Social Democratic Party (SPD), […]
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A sharp drop in bullish bets on oil prices could be a contrarian signal that crude futures don’t have much further to fall and may have even finally hit bottom. Speculative bets that U.S. crude prices will rise surged earlier this year, creating a crowded trade that was eventually undercut by higher-than-expected output growth from […]
Read moreThey’re as common as bathrooms and, at this point, about as vital to everyday life: ATMs, or Automatic Teller Machines, which date back to 1967 and which, in their current form, enable consumers to withdraw and deposit cash, transfer money, check balances and balance checks, all without setting foot inside a bank. In honor of […]
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