Pacific Investment Management, which oversees more than $1.6 trillion of assets, has built up an above-average cash position firm-wide and has held S&P put options as geopolitical and military risks mount, Dan Ivascyn, group chief investment officer at Pimco, said on Friday. President Donald Trump issued a new threat to North Korea on Friday, saying […]
Read moreAs shopping continues to shift away from brick-and-mortar-stores to e-commerce, Nordstrom is investing in technology to connects its physical stores to digital. Specifically, Blake Nordstrom, the company’s co-president, announced plans to expand a “Reserve Online and Try in Stores” option from a handful of stores in Seattle to Chicago, immediately, and then to Nordstrom stores […]
Read moreTechnology shares were the first area to show cracks in the market sell-off, and remain the most vulnerable, the charts indicate. The Nasdaq 100 index, which is the basis of the popular Powershares QQQ Trust ETF, is the major index most susceptible to a correction, according to Jason Hunter, head of fixed income and equities […]
Read moreThe European Union said Friday that it plans to hold an extraordinary meeting late next month over a growing tainted egg scandal as it revealed that products contaminated with an insecticide have now spread to 17 countries. Millions of eggs have been destroyed or pulled from supermarket shelves since July 20, when it was made […]
Read moreProlific best-selling author James Patterson told CNBC on Friday that his new work of fiction about an out-of-control big e-commerce retailer is not really about Amazon or its billionaire founder Jeff Bezos. “I’m not out here to necessarily beat up Amazon as much as deal with this whole area of monopolies and megalomaniacs,” Patterson said […]
Read moreWhen 24-year-old Google software engineer Amelia Brunner read the now viral anti-diversity memo by James Damore, she was “painfully unsurprised.” Titled “Google’s Ideological Echo Chamber,” the document asserts that there are “differences in distributions of traits between men and women,” which “may in part explain why we don’t have 50 percent representation of women in […]
Read moreOne of the clouds hanging over Blue Apron since its IPO has been the looming threat of what an Amazon–Whole Foods combination could mean for its business. But when Blue Apron’s stock got hammered on Thursday, falling more than 17 percent by day’s end, that had nothing to do with it; it was the company’s […]
Read moreDisappearing photos are not the only snaps coming from Snapchat co-founder Evan Spiegel. Wall Street analysts pressed for more details on Snap’s push notification policy and got a snappy response from the Snap CEO during Thursday night’s earnings conference call. The conversation was not helped by an inadvertently unmuted phone line where another analyst seemed […]
Read moreCurrency, United States Finance
UK estate agent draws map of where to live to avoid ‘nuclear impact zone’ – then says sorry
A British real estate agent that drew up a map of where to live in the U.K. to avoid “any nuclear impact from World War Three” has apologized for the stunt. Its publication comes as President Donald Trump ramps up rhetoric against North Korea, today saying that the U.S. military is “locked and loaded” should […]
Read moreLike other biases, sexism and racism are often spread with the use of insidious coded language, inappropriate appeals to freedom of speech and harmful pseudoscientific data promoting biological difference as “inferiority.” For example, as a Latina in Silicon Valley, I’ve noticed that women and minorities promoted to leadership roles are often characterized as “unqualified.” It […]
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