SpaceX achieved history on Sunday with a rocket launch—an act that the CEO of Iridium Communications told CNBC was “critical” to his company’s commercial success. The Falcon 9 rocket belonging to Elon Musk’s SpaceX carried 10 communications satellites into orbit from California, merely two days after the company successfully launched a satellite from Florida. The […]
Read moreBond investors may soon pay a hefty price for being too pessimistic about the economy, according to portfolio manager Joe Zidle. Zidle, who is with Richard Bernstein Advisors, believes the vast amount of money flowing into long-duration bonds is signaling a costly mistake. “Last week alone, there is a 20-year plus treasury bond ETF that […]
Read moreAmazon’s acquisition of specialty grocer Whole Foods is not only about acquiring hundreds of stores and affluent customers — the real value of the deal is in all of that customer data, according to one data expert. Kenneth Sanford, adjunct professor at Boston College, told CNBC recently that one of Amazon’s goals should be to […]
Read moreFacebook's WhatsApp is so huge in India that one app reached 9 million users without spending a dime
Emerging brands in the U.S. count on Facebook to promote themselves online. In India, they also rely on a Facebook service, but one that doesn’t cost them anything—WhatsApp. According to Mary Meeker’s annual internet trends report published last month, WhatsApp is the most popular Android app in India, followed by Facebook Messenger at number two […]
Read moreThe redesigned Honda CR-V stole headlines this year, with the segment king fighting to continue its reign. But quietly, and without the attention of the public, Mazda released one of the best crossovers on the market, the CX-5. It’s easy to forget about Mazda, because it tends to do the same thing over and over. […]
Read moreThe phone rings, pauses, and then a recording on the line says: “Hello! This is Rachel at cardholder services,” or “This is an important notice about your automobile.” If you’re like many Americans, you have probably received a robocall just like these, which have become a scourge for consumers despite increasing efforts to stop them. […]
Read moreApple chief executive Tim Cook made a lofty proposition this month: That Apple was working on “the mother of all A.I. [artificial intelligence] projects.” Cook tipped his hand in an interview with Bloomberg, when he confirmed the company is working on self-driving cars, something that had been reported by a variety of media outlets since […]
Read morePeople in more than 100 Italian towns and cities voted on Sunday to pick municipal mayors in a run-off ballot that could bolster centre-right parties ahead of a national election due in less than a year. The vote could be a test of the current political mood in Italy, where a gradual economic recovery has […]
Read moreCurrency, United States Finance
BIS warns of geopolitical events and four other risks that could undermine global upswing
A shift in attention to geopolitical events this year could undermine the sustainability of the global upswing, warned Basel-based Bank of International Standards. The organization commonly known as the central bank of central banks said financial markets were confronted by a changing political environment as the economic background brightened. “Political events surprised market participants, who […]
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THERE are few things that airlines will not now put a price on. Even so, Etihad Airways has come up with an intriguing idea. The Adu Dhabi-based carrier is offering flyers the chance to bid to keep adjacent seats on a flight empty. Passengers can suggest the price they are willing to pay to block […]
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