In late February, early March, a debate developed concerning what factors actually drive bank stock prices. The vast majority in that debate argued that an increase in interest rates, positive stress tests, high levels of stock buybacks, easing banking regulations, and a strong bull market would continue to drive bank stock prices higher. On the […]
Read morePresident Donald Trump‘s mocking of Kim Jong Un as “Rocket Man” was unhelpful in dealing with North Korea’s nuclear threat, former diplomat Nicholas Burns said Monday. Trump made the reference to the North Korean leader in a tweet Sunday. I spoke with President Moon of South Korea last night. Asked him how Rocket Man is […]
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Central banks may one day need to issue their own cryptocurrencies, the Bank for International Settlements, or BIS, said in its latest quarterly review. “Whether or not a central bank should provide a digital alternative to cash is most pressing in countries, such as Sweden, where cash usage is rapidly declining,” the Sunday report said. […]
Read moreHuawei, one of the world’s largest smartphone makers, is already taking jabs at Apple’s iPhone X. In a post to Twitter, Huawei shows a short video of an apple being eaten to the core. The tweet says “Feeling disappointed? We’ve got a real surprise exceeding anything you’ve ever seen.” Huawei will unveil its new Huawei […]
Read moreDespite Netflix’s huge rally this year, a Wall Street firm says the stock will continue to go higher based on an analysis of Google search data. Piper Jaffray told its clients the video streaming company could have as much as 42 percent year-over-year gains in its international subscriber base in the third quarter, in line […]
Read moreCryptocurrencies are the new red state/blue state divide in America. StockTwits said late last week that there were as many messages on its service last week on bitcoin as its most popular ticker for the S&P 500. And popular opinion is split. There’s one incredibly passionate group that believes in cryptocurrencies as the future of […]
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IBM far outranks Microsoft as blockchain industry leader, research says
Blockchain technology is on the radar of a number of tech corporations – and IBM is leading the way, according to a study. Big Blue has been making considerable steps forward with research and development projects aimed at broadening the scope of distributed ledger technology to include industries other than the financial services. Last month […]
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Bond markets in Europe rally after ratings upgrades — but analysts ask if it can last
Prices of peripheral bonds in Europe bounced on Monday, led by Portugal and Ireland riding high on the back of their credit ratings upgrades last Friday, as analysts questioned how much more steam the rally had left in it. By 2 p.m. London time on Monday, the spread between 10-year Portuguese debt and its German […]
Read moreShort-seller Carson Block told CNBC on Monday that his lawsuit against Equifax over its massive cyberbreach is a personal case, and he’s seeking at least $500,000 in damages. “This is really on my behalf, since apparently my data … may have been compromised,” said Block, founder of Muddy Waters Research. “I’m suing.” Block filed a […]
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Boeing’s spat with Bombardier gets political as global leaders are drawn in
British Prime Minister Theresa May is poised to meet her Canadian counterpart, Justin Trudeau, on Monday in order to discuss a long-running corporate dispute threatening thousands of jobs in the U.K. Boeing, a U.S. plane manufacturer, is currently locked in a legal battle against Canadian rival Bombardier and given the potential ramifications of the case […]
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