The Trump administration has made trade deficits the yardstick for measuring the success of trade deals, but that’s a miscalculation, analysts said. President Donald Trump has applied labels such as a “disaster” and “horrible” to various U.S. trade deals, including the North American Free Trade Agreement, or NAFTA, and the South Korea-U.S. free trade agreement, […]
Read moreSixteen months into Philippine President Rodrigo Duterte’s presidency, citizens are gradually turning against the controversial leader amid fatigue with a drug war that has killed thousands and distracted the administration from other reforms. An Oct. 8 survey by the country’s top pollster, Social Weather Stations, revealed the president’s net satisfaction rating slid to 48 percent […]
Read moreIsraeli intelligence officials spying on Russian government hackers found they wereusing Kaspersky Lab antivirus software that is also used by 400 million people globally, including U.S. government agencies, according to media reports on Tuesday. The Israeli officials who had hacked into Kaspersky’s network over two years ago then warned their U.S. counterparts of the Russian […]
Read moreCategorize this under “one of the worst possible PR nightmares for a Google smart speaker.” According to Artem Russakovskii at Android Police, the Google Home Mini he was reviewing was randomly and near-constantly recording sounds in his home and transmitting them to Google. The company acknowledged the problem and is issuing a software update to […]
Read moreDallas Federal Reserve Bank President Robert Kaplan said on Tuesday that he will be assessing the progress of the U.S. economy toward full employment and looking for more signs of upward inflation as he weighs potential interest-rate hikes. “I intend to keep an open mind about removing accommodation in upcoming (Fed) meetings,” Kaplan said in […]
Read moreThe U.S. military flew two Air Force B-1B Lancer bombers over the Korean Peninsula in a show of force late on Tuesday amid high tensions over North Korea’s nuclear and missile programs, South Korea’s military said. The two B-1B bombers were accompanied by two F-15K fighters from the South Korean military after leaving their base […]
Read moreAsia’s Wednesday trading is set to take its cues from signs of confidence elsewhere: U.S. Stocks edged up and the euro firmed overnight after Catalonia held back on an outright declaration of independence. Catalonia’s leader on Tuesday asserted that Catalonians had won the rights to independence, but held off declaring the region’s separation from Spain. […]
Read moreWith news of the proxy battle between Procter & Gamble and activist investor Nelson Peltz coming to a close, CNBC’s Jim Cramer shared his thoughts on the practice of activism. “This is very much a case-by-case thing,” the “Mad Money” host said. “There are some ‘scorched earth’ activists who seem to specialize in creating ill […]
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CNBC’s Jim Cramer knows that a juggernaut stock market can be instrumental in sending technology stocks soaring. “That goes double for the semiconductor space, the chipmakers that make big-picture themes like autonomous driving, internet of things, artificial intelligence, mobile, gaming [and] the data center … possible,” the “Mad Money” host said. “Strength in the semis […]
Read moreWall Street may not be crazy about bitcoin, but it is intrigued by its use of blockchain technology. Today, private equity transactions that use leveraged buyouts financed with debt can take 20 to 30 days to close and settle, said James Disney, Credit Suisse’s global head of software investment banking. With blockchain technology, he said, […]
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