The head of Russia’s central bank applauded the U.S. Federal Reserve’s moves toward higher, more historically “normal” interest rates, and called on other central banks to follow suit. At the same time, Elvira Nabiullina, governor of the Central Bank of Russia, underscored on Thursday that Russia will continue to ease its own rates. Russian interest […]
Read moreSignificant progress could be made on artificial sun technology by 2023 – and it could be used to generate clean energy for China in 50 to 60 years, a senior government nuclear scientist says. Song Yuntao, a lead scientist on the country’s largest fusion energy project, told the official Science and Technology Daily on Thursday […]
Read moreSingapore’s trade-reliant economy grew in the second quarter from the quarter before, dodging a recession, thanks to solid gains in the manufacturing sector. The economy expanded 0.4 percent in the April-June period from the previous three months on an annualized and seasonally adjusted basis, the Ministry of Trade and Industry said on Friday in a […]
Read moreTarget’s surprisingly positive preannouncement may have lifted retail stocks as investors wondered if their fears about the sector were overblown, but Jim Cramer remained skeptical. “While Target’s news flash is certainly good for Target and for its long-suffering shareholders, it’s not necessarily good enough yet to ignite a sustainable rally in the group – and […]
Read moreResearchers at Alphabet subsidiary Google have taught software to create great-looking photos out of panoramas that you can look at in Google Street View. An academic paper published on Wednesday documents the Creatism system, which is just the latest fascinating thing Alphabet is doing with artificial intelligence — alongside Facebook, Google and other tech companies. […]
Read moreAfter the stock of Alder BioPharmaceuticals fell off a cliff, plummeting to just over $12 on Thursday from its $55 peak two years ago, Jim Cramer had to find out what went wrong. The decline was only accelerated on Wednesday when the small-capitalization company announced a huge secondary offering and the stock lost almost 20 […]
Read moreNBC’s “The Office” may have been a big hit, but Jim Cramer sees offices today undergoing a style reformation, ditching their shabby cubicles for new-age moving walls and standing desks. That is why the “Mad Money” host decided to compare two of the biggest players in the office furniture space, Herman Miller and Steelcase, to […]
Read moreOn occasion, stock market rallies can be reaffirmed when buyers turn to downtrodden sectors for trades or investments, and Jim Cramer witnessed that on Thursday. “You can always tell you have a decent market when, after a big run, investors take a breather from buying the stocks people love and instead decide to scrutinize and […]
Read moreWhen cryptocurrency investors talk of influential work in the space, they often point to an August 2016 blog post titled “Fat Protocols,” written by an analyst at Union Square Ventures. That analyst, Joel Monegro, is now getting out of the traditional venture world to invest solely in crypto assets. Monegro recently left Union Square to […]
Read moreI know it’s fun to speculate on the various CEO candidates who might take over at Uber. And that’s what many in the media have been doing since its leader Travis Kalanick was jettisoned in a shareholder pique last month, often quite breathlessly. And more often inaccurately. So I checked, since someone had to. Will […]
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