Advertising mogul Martin Sorrell told CNBC on Friday his company plans to double its investment in Snap this year. “But it’s at very low levels. It’s $200 million versus $6 billion or $2 billion for Facebook. So, you’re talking about a flea on the elephant’s backside,” the CEO of WPP said in a wide-ranging interview […]
Read moreThe stock market “has an awful good gig going,” with the economic recovery reaching all corners of the globe and U.S. inflation and interest rates still at historic lows, Leuthold Chief Investment Strategist Jim Paulsen told CNBC on Friday. “We’ve got a fully employed economy, rising real wages. We restarted the corporate earnings cycle. We’ve […]
Read moreAs the dollar continues to get whacked, one market watcher says a historically weak greenback could present unique opportunities for Wall Street. “We’re seeing the most synchronized global growth expansion since the crisis. It’s not just the U.S. It’s Europe. It’s China. It’s Japan. It’s emerging markets. That’s what’s moving the dollar,” Stephen Parker of […]
Read moreCheck out which companies are making headlines before the bell: ADP – Bill Ackman’s Pershing Square said it was seeking effective control of the payroll services company through nominations for five board seats at the annual meeting, and is also calling for the replacement of CEO Carlos Rodriguez. Cigna – The insurer reported adjusted second […]
Read moreOil market is expected to see a downward correction this quarter but Brent prices will move higher in the final quarter of this year, according to a research note from Barclays. “Prices have moved higher, due to a perfect combination of a favorable macro environment, a seasonal uptick in consumption, continued inventory drawdowns, and geopolitical […]
Read moreJob creation among small businesses picked up in July as strong economic growth in the United States and abroad gave confidence to small business owners, a National Federation of Independent Business report showed on Thursday. The percentage of U.S. small business owners saying they planned to add to payrolls in July exceeded those with plans […]
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Activision Blizzard has been on a stealth rally this year, soaring nearly 76 percent, and traders are betting on an even bigger rally ahead. The video game giant is the best performing tech stock in 2017, quietly hitting an all-time high on Thursday. According to Mark Tepper of Strategic Wealth Partners, the gaming industry is […]
Read morePoland’s future within the EU has come under renewed uncertainty after the President of the European Council said the country’s “arrogant” rejection of EU law signals its desire to exit the union. Donald Tusk, Poland’s former Prime Minister, hit out at his home country’s ruling Law and Justice party Thursday, saying that its fragile relationship […]
Read moreTwo of the world’s largest digital currency exchanges have changed their minds and decided to support the new asset “bitcoin cash“, but customers will have to wait until January 2018 to gain access to their tokens. “We’ve examined all of the relevant issues and have decided to work on adding support for bitcoin cash for […]
Read moreOusted Uber CEO Travis Kalanick has hired high-profile “CEO advisory” firm Teneo to help him manage his own embattled interests, according to several sources close to the situation. So, get ready for some positive stories on the embattled entrepreneur via open-hearted interviews (except to heartless Recode, because we always get left out of those for […]
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