Hedge fund managers braced against a market fall this month because of rising geopolitical risk between the U.S. and North Korea. Tensions escalated again when North Korea launched a missile over Japan on Tuesday local time, driving U.S. stock index futures lower. In response, President Donald Trump later said in a statement, “All options are […]
Read moreApple is reportedly battling with movie and TV studios over the price it will charge for 4K video content. The tech giant is expected to announce a 4K Apple TV as soon as next month. According to The Wall Street Journal, Apple wants to charge customers about $20 per movie. That’s cheaper than what competitors […]
Read moreThe foreign ministers of Russia and the United Arab Emirates urged North Korea on Tuesday to stop its provocations and obey United Nations resolutions, after Pyongyang’s launch of a ballistic missile over Japan. Speaking in Abu Dhabi, the two ministers offered a forceful warning for Pyongyang, with Emirati Foreign Minister Abdullah bin Zayed Al Nahyan […]
Read moreBritish listed companies will soon have to reveal and justify the difference in pay between their chief executive and their average employee, under new reforms aimed at tackling excessive boardroom pay. Public businesses where more than one-fifth of shareholders are opposed to the salaries of board members will then be named and shamed on a […]
Read moreQatar‘s lenders are quite capable of withstanding the conditions imposed by the Saudi-led boycott despite the country’s latest credit rating downgrade, central bank governor Sheikh Abdullah bin Saud al-Thani said on Tuesday. Fitch downgraded the Gulf state’s sovereign long-term debt rating by one notch to AA-minus on Monday, putting it on par with the two […]
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The S&P 500 may be hovering near record highs, but the stock market may be weaker than it currently appears. Over the past two weeks, nearly as many stocks in the index have hit 52-week lows as 52-week highs, with 59 in the former category and 72 in the latter. And the percentage of NYSE […]
Read moreUber’s new CEO pick, Dara Khosrowshahi, is not a household name, unlike other candidates who were on the shortlist, including Hewlett Packard CEO Meg Whitman. But Khosrowshahi has C-suite chops: He’s been CEO of travel website Expedia since 2005, leading the company though brand expansions including Expedia.com, Hotels.com and Hotwire. Now, Uber reportedly wants him […]
Read moreCheck out which companies are making headlines before the bell: Best Buy – The electronics retailer came in six cents a share above estimates, with adjusted quarterly profit of 69 cents per share. Revenue also came in above forecasts. Same-store sales were up 5.4 percent, beating the consensus Thomson Reuters estimate of a 2.2 percent […]
Read moreThe landscape in Europe is changing but investing in European companies isn’t far-fetched, analysts told CNBC. The euro has strengthened against the dollar, rising to more than 14 percent since the start of the year, on geopolitical concerns posing risks to businesses in Europe as their products become more expensive abroad. Though some analysts fear […]
Read moreThe euro has risen more than 14 percent against the dollar so far this year due to optimism about economic growth and fewer political risks, and this climb is expected to continue, according to several market analysts. “Long euro is not really a crowded trade right now. There is reluctance to believe it will go […]
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