It began with a simple card trick. Reid Hoffman had grown tired of listening to Donald Trump trash talk Hillary Clinton and his ever-growing list of political foes. So the LinkedIn co-founder cooked up plans during the presidential election to challenge Trump at his own game — a card game, to be exact, where players […]
Read moreAmtrak’s president told CNBC on Tuesday he does not see the futuristic hyperloop — conceived by billionaire entrepreneur Elon Musk — overtaking traditional rail travel and transport anytime soon. Asked to assess the practicality of high-speed hyperloop pods and Musk’s The Boring Company, Richard Anderson was skeptical. “I don’t think it’s realistic right now.” “I’m […]
Read moreManagers of actively run funds can’t seem to get a break these days, and that includes closed ones. With the rise of passive investing, their business model and sales pitch for active management have come under seemingly constant attack. The latest domino: funds that had previously been closed to new investors. These funds — often […]
Read moreThe Bank of England has settled a dispute over pay with staff that led to the central bank’s first strike in more than 50 years, the BOE and the Unite trade union said on Tuesday. Some maintenance and security staff stopped work for three days last month and a protest outside the bank by around […]
Read moreDisney’s upcoming internet video streaming services will thrive, according to one Wall Street firm. Wells Fargo raised its rating on company’s shares to outperform from market perform on Monday. The media giant announced plans last month to launch a branded direct-to-consumer streaming service in 2019 and an ESPN streaming service in 2018. “With Disney’s foray […]
Read moreCurrency, United States Finance
Conflicting responses by world leaders on North Korea highlight fundamental divide
The conflicting responses by world leaders to escalating tensions on the Korean peninsula have underlined a fundamental divide in the diplomatic strategies of the East and the West. Western leaders have this week espoused ramping up sanctions on North Korea in an effort to increase pressure on the closed state. Meanwhile, neighboring nations in the […]
Read moreConsumers aren’t that excited for the new Apple iPhone, Piper Jaffray said on Tuesday. In a note to investors, Jaffray analyst Michael J. Olson said that consumers are about as excited for this year’s iPhone as they were for the iPhone launch last year. The iPhone 7 and iPhone 7 Plus last year were refinements […]
Read moreWorld famous toy manufacturer Lego is set to cut its global workforce by eight percent in an attempt to simplify its business model, the Danish firm announced Tuesday. Despite the surprise announcement, the company’s chairman however expects these layoffs to be a “one-off”. “We’re very focused on making a smaller and more simple organization and […]
Read moreCheck out which companies are making headlines before the bell: Rockwell Collins — The defense contractor agreed to be acquired by United Technologies for $23 billion in the biggest-ever aerospace deal. Rockwell shareholders will receive $140 per share, consisting of $93.33 in cash and the rest in United Technologies stock. Walt Disney – Wells Fargo […]
Read morePresident Donald Trump should stick with imposing sanctions on North Korea and avoid military conflicts, a former undersecretary of state for political affairs told CNBC on Tuesday. “Right now there are no good military options beyond defense,” said Nicholas Burns, who has served presidents of both parties. “The Trump administration has to focus on economic […]
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