Profits at China’s industrial companies surged 16.7 percent in May from a year earlier, accelerating from April and defying expectations of a slowdown in the face of rising borrowing costs and a cooling property market. Profits in May rose to 625.99 billion yuan ($91.52 billion), the National Bureau of Statistics (NBS) said on its website […]
Read moreThe White House said on Monday it appears the Syrian government is preparing for another chemical weapons attack and it warned Syrian President Bashar al-Assad he and his military would “pay a heavy price” if it conducts such an attack. The White House statement said preparations by Syria were similar to those undertaken before an […]
Read moreJohnson Controls International expects double digit growth rates for its China operations within the next one to three years despite concerns over a slowdown in the world’s second-largest economy. Alex Molinaroli, chairman and CEO of the automotive parts maker, told CNBC at the sidelines of the World Economic Forum’s annual June meeting in Dalian, that […]
Read moreSprint is in exclusive talks with Charter Communications and Comcast on a potential deal for the cable companies to offer wireless services on the carrier’s network, the Wall Street Journal reported late Monday, citing people familiar with the matter. The deal for exclusive talks through late July puts Sprint’s merger talks with T-Mobile US on […]
Read moreCurrency, United States Finance
Sistema says court 'arrests' stake in its largest asset as rift with Rosneft deepens
Russian conglomerate Sistema said on Monday a Russian court had “arrested” some shares it owns, including in the country’s biggest mobile operator MTS, in a legal dispute with oil company Rosneft. Rosneft is suing Sistema for 170.6 billion roubles ($2.9 billion) in damages over the purchase of oil producer Bashneft. Sistema proposed an out-of-court settlement […]
Read moreWhen Jim Cramer first started out in trading, he didn’t like rules. He believed that either they couldn’t really help, or they would cut his upside and prevent him from making more money. After getting burned too many times, he learned the value of discipline. “The rules protect you against your own bad judgment about […]
Read moreFacebook is reportedly trying to enter the original content arena. The social media company has already acquired unscripted shows from Buzzfeed and Vox Media, but several Facebook executives have been meeting with studio and talent agencies for more traditionally scripted TV shows, The Wall Street Journal reported on Sunday. However, some observers believe Facebook is […]
Read moreThe biggest mistake Jim Cramer sees investors make is thinking they are supposed to be fully invested at all times. Heck, some money managers have even told him that they are supposed to have all their money in stocks. This is complete nonsense! Having cash on hand when a market correction occurs is the key […]
Read moreInvestors frequently ask Jim Cramer what to do with a stock after it has had a hideous decline. His first response is always to ask why they bought the stock in the first place. One of Cramer’s cardinal rules is to never turn a trade into an investment. If there is one thing he wants […]
Read moreMark Zuckerberg wants Facebook groups to play an important role that community groups like churches and Little League teams used to perform: Bringing communities together. And with nearly 2 billion people around the world on Facebook today, he might have a chance to make it happen. Zuckerberg laid out his lofty ambition in a Chicago […]
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