Facebook is overseeing a transparency drive ahead of the introduction of stringent data protection rules in the European Union (EU). As global tech behemoths scramble to prepare for the impact of looming EU data privacy regulations, Facebook announced Sunday that it had published its so-called privacy principles for the first time. The privacy controls detail […]
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Traditional market trends are broken and it’ll only get worse, strategist warns
Traditional correlations in global financial markets have become so broken that this fragmentation has become a new normal for investors, a strategist told CNBC Monday. This year has seen bond yields creep higher once more on expectations of higher interest rates and a pickup in inflation. But equity markets have also risen, meaning that the […]
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Freed Saudi billionaire Prince Alwaleed says corruption detention was a 'misunderstanding'
Saudi Arabian billionaire businessman Prince Alwaleed bin Talal has been freed after a high-profile detention during a crackdown on corruption, describing his arrest as a “misunderstanding.” Speaking to Reuters just ahead of his release Saturday, Alwaleed said that there were no charges against him following his arrest as part of a nationwide crackdown on corruption […]
Read moreOne plank of Donald Trump‘s election platform was centered on rebalancing the trade relationship between the U.S. and China. He once told an interviewer that he preferred “fair trade” to plain old “free trade.” His Commerce Secretary Wilbur Ross has taken up that baton as a very public proponent of the so-called “America First” policy; […]
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The ECB and the euro are the only glue holding parts of Europe together
Many German political observers estimate that, under the best circumstances, their country is unlikely to have a new three-party coalition government before Easter — April 1. They realize that this might be an optimistic forecast given the fundamental differences separating those who want a status quo stability (two right-wing parties) and a radical change of […]
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European stocks seen higher as investors await economic data, earnings
European markets are set to open higher on Monday morning, with investor sentiment expected to be buoyed by a market rally in Asia. The FTSE 100 is expected to start 16 points higher at 7,681, while the DAX is seen up 48 points at 13,382 and the CAC 40 is set to open 18 points […]
Read moreA huge sell-off in the bond market is about to make buying a home more expensive. Mortgage rates, which loosely follow the yield on the 10-year Treasury, have been rising for the past few weeks, but are seeing their biggest move higher Monday. “Bottom line, rate sheets are going to be ugly this morning,” wrote […]
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Russian opposition leader Navalny has been released from custody, his lawyer says
Russian opposition leader Alexei Navalny was released from police custody late on Sunday after a brief appearance at a rally in Moscow calling for the boycott of a March presidential election that he said would be a rigged. Navalny’s lawyer, Olga Mikhailova, told Reuters that her client had been released without charge but would have […]
Read morePresident Donald Trump‘s massive infrastructure package just hit a major roadblock. Prominent Republican lawmakers are already coming out against raising the federal gas tax to pay for the president’s promised $1 trillion investment in infrastructure. Speaking on Saturday night at a private donor retreat here hosted by billionaire industrialists Charles and David Koch, Senate Majority […]
Read moreIngvar Kamprad, the IKEA founder who turned a small-scale mail order business into a global furniture empire, has died at 91, the company said Sunday. IKEA Sverige, the chain’s Swedish unit, said on Twitter that Kamprad died Saturday at his home in Smaland, Sweden. “He will be much missed and warmly remembered by his family […]
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