HPE CEO Meg Whitman said Wednesday she was disappointed by President Donald Trump‘s decision to end a program that protects undocumented immigrants brought to the U.S. as children. “I am not in favor of rolling DACA back,” Whitman said in an interview on CNBC’s “Squawk on the Street.” “Think about who these individuals are. They […]
Read moreUber’s “leaky board” was part of what deterred Meg Whitman from the CEO role there, she said on CNBC Wednesday. The ride-hailing start-up recently named Dara Khosrowshahi as CEO, but Whitman told CNBC that, despite rebuffing earlier reports, she was among candidates that presented to Uber’s board in a marathon weekend meeting last month. But […]
Read moreTwo of the largest cryptocurrencies were seen to make a recovery after dropping significantly over the past few days. Both bitcoin and ethereum showed bearish signals following a decision by Chinese authorities to ban initial coin offerings (ICOs), which allow firms to raise funds by selling new digital tokens. Bitcoin is now currently trading at […]
Read moreIt’s de rigeur for the many of the richest of the rich to tout the benefits of giving cash handouts to all American citizens, in part as a way to end poverty. The idea, called universal basic income (UBI), is for every individual to be paid a regular sum of money irregardless of employment status. […]
Read moreCurrency, United States Finance
‘Nothing was illegal’: British lingerie tycoon defends boyfriend over alleged link to tax avoidance
British entrepreneur and parliamentarian Michelle Mone has defended her billionaire boyfriend over his links to an alleged £13 million ($16.9 million) tax avoidance scheme. Doug Barrowman had previously served as director of an offshore payroll company called Aston Management Ltd (AML). AML is said to have helped its workers reduce their tax bills to less […]
Read moreThe “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of Halliburton. Karen Finerman was a buyer of Bank of America. Dan Nathan was a seller of Boeing. Guy Adami was a buyer of Thermo Fisher Scientific. Trader disclosure: On September 5, 2017, the following stocks and commodities […]
Read moreCurrency, United States Finance
Euro strength makes Europe a buying opportunity for investors, Barclays says
A recent correction in European stocks due to the strength of the euro is a buying opportunity for investors, according to a new report from Barclays. The research states that the 5 percent decline in European stocks driven by the 10 percent appreciation in the euro may appear justified. The pan-European Stoxx 600 hit a […]
Read moreShares of Newell Brands are down more than 6 percent in pre-market trading Wednesday after the company said Hurricane Harvey threw off its manufacturing supply chain in Louisiana and Texas. The maker of household goods such as Rubbermaid storage containers and Coleman grills released a statement saying continued shutdowns of “nearly all of Newell Brands’ […]
Read moreAlphabet‘s Verily wants to be at the center of the medical start-up ecosystem, both literally and figuratively. The company, formerly known as Google Life Sciences, is now offering entrepreneurs access to its South San Francisco-based lab space, office space, talent and other resources in exchange for equity or cash. “We want to have cutting-edge tech […]
Read moreAn analyst at a small research firm is reiterating his negative call for Facebook shares alleging the company may be overstating its ad reach for certain age demographics here in the U.S. and other countries. Pivotal Research reaffirmed its sell rating on the social media giant, also predicting its profitability will decline as it transitions […]
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