Gold could be the next asset to break out. Michael Dudas, a Wall Street analyst who has followed precious metals and miners for decades, predicts gold is on the cusp of recovering its losses. “I think this is a good time to get back into the mill,” the Vertical Research analyst said Tuesday on CNBC’s […]
Read moreFor the last five years, Oscar Health has sought to portray itself as a new kind of health insurer, taking an approach that set it apart from its more traditional competitors. Now, Oscar plans to work with one of those rivals on a new venture. The start-up plans to announce on Wednesday that it is […]
Read moreMore than 80,000 websites including giants such as Facebook, Amazon and Google, are taking part in an online protest on Wednesday against the U.S. telecoms regulator’s plan to roll back net neutrality rules. Under the Barack Obama administration in 2015, rules were put in place that meant internet service providers (ISPs) such as Comcast, Charter, […]
Read moreFar from being a hot tech stock, the best-performing stock in the Dow Jones industrial average this year is a stalwart that action-seeking traders may not think about too much: Boeing. Year to date, Boeing shares have surged 32.5 percent. Over the past year, the aircraft manufacturer has enjoyed a 56 percent rally, making it […]
Read moreMortgage rates just saw their biggest jump since the presidential election, and that took a heavy toll on demand for home loans. Total mortgage application volume fell 7.4 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted report. Volume was 36 percent lower than a year ago. “Rates continued […]
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EU's chief Brexit negotiator warns on final UK divorce bill; hits back at Boris Johnson comments
This is a breaking news story, please check back later for more. Follow CNBC International on Twitter and Facebook. Source: cnbc EU's chief Brexit negotiator warns on final UK divorce bill; hits back at Boris Johnson comments
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UK should accept WTO tariffs to gain US-style immigration system, says Wetherspoons founder
Britain should be willing to accept “a few tariffs” under the World Trade Organisation (WTO) rules in order to regain control of its borders and establish a new points-based immigration system akin to the U.S., the chairman of British pub chain J D Wetherspoon has said. Tim Martin, founder of the chain which employs some […]
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Post-crisis, US banks have recovered while their European peers are still looking for ways to survive
Global investors seem to be getting bullish on banks Stateside, but the European banking system is still falling behind. Plagued by a number of factors such as an ultra-loose monetary policy environment, high levels of non-performing loans, uncertainty caused by the U.K.’s vote to exit the European Union and massive fines, the European banking industry […]
Read moreBitcoin hit a near one-month low on Wednesday and has seen more than $12 billion wiped off its value in the last 30 days, amid nervousness in the cryprocurrency market. The price of bitcoin fell to $2,272.32, its lowest level since June 15, when it slumped to $2,185.96, according to data from CoinDesk. The price […]
Read moreGerman special police units raided several homes in Berlin early Wednesday in connection with the brazen heist of a 100-kilogram (221-pound) gold coin stolen from one of the city’s most famous museums earlier this year. Police arrested at least two suspects during early morning raids in the city’s Neukoelln neighborhood. “We assume that the two […]
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