Hundreds of London police embarked on a massive manhunt Friday, racing to find out who placed a homemade bomb on a packed London subway train during the morning rush hour. The explosion wounded 22 people and ignited a panicked stampede to safety. Witnesses described seeing a “wall of fire” as the bomb — hidden in […]
Read moreWith Congress finally making at least halting progress towards tax reform, JPMorgan is advising clients to start preparing for the investing implications. The firm believes that an initial draft on tax reform will be delivered, as promised, by Sept. 25 even though substantial differences still exist within the “Big Six” legislators working on the plan. […]
Read moreCNBC’s Jim Cramer says one would think a company such as Equifax would be more prepared for a massive data breach. Equifax knows “exactly what I don’t want the bad guys to get,” Cramer said Friday on “Squawk on the Street.” “I mean is there anything more than what they have in terms of the […]
Read moreHurricanes Harvey and Irma not only devastated thousands of lives and destroyed billions of dollars’ worth of property, they may also have done long-term damage to the competitiveness of two of America’s most economically important states — Texas and Florida. With a gross domestic product of $1.5 trillion dollars last year, Texas accounted for nearly […]
Read moreConsumer confidence declined in September, after hitting a seven-month high in August. The consumer sentiment index, a survey of consumers by The University of Michigan, hit 95.3 in September, better than economists polled by Reuters expected. In August the index nearly returned to peak levels recorded earlier in 2017, hitting 97.6. “Consumer confidence edged downward […]
Read moreEver wonder what it would be like to go back to the basics? A YouTube channel called Primitive Technology shows one man’s journey into the Stone Age as he makes weapons, clothing, shelter and other items — without ever uttering a word. John Plant, an Australian in his mid-30s, started Primitive Channel in May 2015. […]
Read moreI’m more excited for Google’s smartphone event on Oct. 4 than I am for the launch of the new iPhone X. Leading up into Apple’s event earlier this week, CNBC and most of the media knew all there was to know about what Apple had in store. Three iPhones were unveiled, including the iPhone 8, […]
Read more“Millennials have different priorities.” Well, that’s one way to put it. One financial research firm says that millennials aren’t as busy in bed. And cell phones may be to blame. Macquarie Research wrote Thursday that condom sales are falling because “young people (17-25 years old) are having less sex because they are distracted by their […]
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Bitcoin briefly dipped below $3,000 on Friday during a tumultuous week of trading. The cryptocurrency fell as low as $2,951.15, its lowest level since early August, before rebounding. It traded 2.99 percent higher at $3,322.74 in New York. For the week, however, bitcoin has lost about 20 percent of its value. Bitcoin this week Source: […]
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THE stockmarket’s positive mood has managed to survive the tensions over North Korea’s nuclear programme. In part, this is because investors believe that global economic growth and corporate profits will continue to do well. One reassuring signal is from the corporate bond market. The global default rate on speculative (junk) bonds has been dropping; fewer […]
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