A home is only worth what someone is willing to pay for it, and apparently, that tab just hit its highest level in history. The median value of all homes in the United States in June surpassed $200,000, up 7 percent from a year ago, according to Zillow, a real estate listing company. Valuing homes […]
Read moreCheck out which companies are making headlines before the bell: Travelers – The insurance company reported profit of $1.92 per share, missing estimates of $2.11 a share, although revenue beat forecasts. Results were impacted by higher weather-related losses. Travelers did see record premiums and higher investment income. Blackstone – The asset manager came in three […]
Read moreMore than 150,000 ether tokens, a digital currency similar to bitcoin, worth around $30 million were stolen by cybercriminals on Wednesday. Around 153,000 tokens were taken by hackers, according to data from Etherscan. 44,055 tokens were stolen from commerce platform Swarm City. The theft was noticed at 12:30 p.m. ET on Wednesday, according to Swarm […]
Read moreSpaceX’s chief said Wednesday that the first launch of its big new rocket is risky and stands “a real good chance” of failure. Founder Elon Musk told a space station research conference Wednesday that he wants to set realistic expectations for the flight later this year from Cape Canaveral. The Falcon Heavy will have three […]
Read moreIsrael earlier this year found itself in the strange situation of apparently overnight having become a major player in the car manufacturing industry. The $15 billion acquisition in March of autonomous driving, computer vision, company Mobileye by Intel raised awareness of the country’s strides in the field of automotive high-tech, and according to industry experts […]
Read moreCurrency, United States Finance
Trump made the same mistake as Obama on health care, former Reagan aide says
President Donald Trump and former leader Barack Obama both made the same mistake in relying on the U.S. Congress and Senate to push through health-care legislation, a former assistant for the U.S. secretary of commerce has told CNBC. “He just left it to the House and Senate. President Trump has made a similar mistake with […]
Read moreThe Greek government is widely expected to return to the bond market soon although Athens isn’t saying much as it reportedly appoints banks to manage the fund raising. “We are not commenting on how and when we might tap markets again,” a spokesperson for the Greek government told CNBC on Thursday, adding that it is […]
Read moreCurrency, United States Finance
Macron needs to move fast to reform France and keep credibility, says top EU commissioner
France’s brand new President Emmanuel Macron needs to move quickly to change the country, according to a top-ranking member of the European Commission. The advice, from Jyrki Katainen the vice president for jobs, growth, investment and competitiveness, comes as Macron suffered his first setback this week since taking office. “As former prime minister of Finland […]
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China is clamping down on foreign firms’ internet use and there’s a worry it might jeopardize trade secrets
China is tightening control over foreign companies’ internet use in a move some worry might disrupt their operations or jeopardize trade secrets as part of a crackdown on technology that allows web surfers to evade Beijing’s online censorship. In a letter to corporate customers seen by The Associated Press, the biggest Chinese internet service provider […]
Read moreWhen North Korea decided to go nuclear, it committed to a huge investment in a program that would bring severe sanctions and eat up precious resources that could have been spent boosting the nation’s quality of life. Money well spent? Leader Kim Jong Un seems to think so. North Korea’s nuclear and missile development programs […]
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