Markets & Economy
Are you interested in biotechnology news ?
Sat, 21 Jul 2018 14:30:05 GMT
Read the latest on pharma/biotech news, Clinical Trial Results, FDA Calendar, Top Gainers, Recalls, Food Alert and more on RTTNews Biotechnology.
Curious to know if Bitcoin is here to stay ?
Sat, 21 Jul 2018 14:30:00 GMT
Read the latest developments from the cryptocurrency space, breaking news and analysis on Bitcoin and blockchain on RTTNews. Know more about altcoins, mining, ICOs, warnings and regulation. Find out how to acquire and trade digital currencies.
Are you interested in biotechnology news ?
Sat, 21 Jul 2018 14:15:01 GMT
Read the latest on pharma/biotech news, Clinical Trial Results, FDA Calendar, Top Gainers, Recalls, Food Alert and more on RTTNews Biotechnology.
The bizarre tale of how America almost destroyed the comic book industry
Sat, 21 Jul 2018 12:45:00 GMT
In the 1950s, a moral panic swept across America and turned comic books into a social menace. Laws were passed. Careers were ruined. And comics fell under a strict censorship regime for decades to come.
Marchionne exits Fiat Chrysler, Ferrari amid health crisis: sources
Sat, 21 Jul 2018 12:38:29 GMT
Fiat Chrysler boss Sergio Marchionne is to be replaced permanently at the helm of the global carmaker as well as Ferrari, after suffering serious complications from surgery, people with knowledge of the matter said on Saturday.
Marchionne exits Fiat Chrysler, Ferrari amid health crisis: sources
Sat, 21 Jul 2018 12:38:29 GMT
Fiat Chrysler chief Sergio Marchionne is to be replaced permanently at the helm of the global carmaker as well as Ferrari after suffering serious complications from surgery, sources said on Saturday.
U.S. tariffs to cost Germans up to 20 billion euros this year: report
Sat, 21 Jul 2018 11:59:58 GMT
U.S. President Donald Trump's tariffs will lead to a drop in prosperity in Germany this year and are likely to cost Germans up to 20 billion euros ($23.44 billion), the head of German think-tank IMK said.
Amazon, Toyota, Alcoa and others working to counter Trump's tariff plans
Sat, 21 Jul 2018 07:44:18 GMT
Big companies in the United States from Amazon.com Inc to Toyota Motor Corp and Alcoa Corp are working to counter the effect of the Trump administration's trade policies and to head off new tariffs.
The Curious Case Of PANDAS...
Sat, 21 Jul 2018 05:45:40 GMT
Can common bacteria like the one that causes strep throat in children cause severe change in a child's behavior overnight?
Japan Inc to chase casino stakes as key law passes: industry insiders
Sat, 21 Jul 2018 04:54:15 GMT
Japanese firms are likely to pursue stakes in the country's first casino resorts, after parliament on Friday enacted a law smoothing the way for large-scale gambling - a business expected to generate billions of dollars in revenue.
Week Ahead In Pharmaceuticals - 14 Stocks To Watch (LCI, INSY, TBPH...)
Sat, 21 Jul 2018 01:45:23 GMT
As another week comes to a close, let's take a look back at some of the stories that made headlines in the pharma space, and look ahead to what's in store in the coming week.
Over sorghum salad, U.S. farmers and Chinese buyers chew on trade
Sat, 21 Jul 2018 00:35:02 GMT
Chinese importers of the livestock feed sorghum feasted on tabbouleh salad and chipotle tortillas made with the U.S. grain at a Texas barbecue this week, as farmers try to woo buyers in the middle of an escalating U.S.-China trade war.
U.S. lawmakers cut anti-ZTE measure from defense bill
Fri, 20 Jul 2018 23:17:03 GMT
U.S. lawmakers cut measures from a defense bill that would have reinstated sanctions on China's ZTE Corp, abandoning an attempt to punish the company for illegally shipping U.S. products to Iran and North Korea.
Wall Street slips as trade worries dampen upbeat earnings
Fri, 20 Jul 2018 23:03:37 GMT
U.S. stocks ended slightly lower on Friday as escalating trade anxieties driven by U.S. President Donald Trump's latest tariff threats against China offset a string of robust earnings led by Microsoft.
Lower drug prices is a political move that makes both Trump and drug companies 'look good,' says analyst
Fri, 20 Jul 2018 21:32:00 GMT
Lower drug prices is a political move that makes Trump and drug companies "look good" before the upcoming midterm elections, says Wall Street analyst. 
Canadian Stocks Drift Lower On Trade War Concerns
Fri, 20 Jul 2018 21:18:04 GMT
The Canadian stock market ended lower on Friday, as concerns over global trade war outweighed encouraging data on consumer inflation and retail sales. Commodity prices were largely steady but the mood in the equity market stayed bearish right through the session.
U.S. dollar drops, yields rise after Trump comments on Fed policy and tariffs
Fri, 20 Jul 2018 20:42:14 GMT
The U.S. dollar weakened, long term Treasury yields rose and stocks closed mostly lower on Friday after President Donald Trump complained again about the greenback's strength and about Federal Reserve interest rate rises.
Trump threatens tariffs on all $500 billion of Chinese imports
Fri, 20 Jul 2018 20:19:31 GMT
U.S. President Donald Trump on Friday said he was ready to impose tariffs on all $500 billion of imported goods from China, threatening to escalate a clash over trade policy that has unnerved financial markets.
Major Averages Close Slightly Lower Following Trump Comments - U.S. Commentary
Fri, 20 Jul 2018 20:17:47 GMT
After seeing modest strength for much of the session, stocks pulled back near the unchanged line in afternoon trading on Friday before closing slightly lower. The major averages added to the losses posted in the previous session.
Microsoft shares at all-time high after bumper results
Fri, 20 Jul 2018 20:17:31 GMT
Microsoft Corp shares rose about 5 percent to an all-time high on Friday, after investors cheered another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services.
Mark Wahlberg – yes, that Mark Wahlberg – is buying a Chevy dealership in Columbus, Ohio
Fri, 20 Jul 2018 19:50:00 GMT
Actor Mark Wahlberg has dabbled in everything from burgers to bottled water. Now he's buying a Chevy dealership in Ohio, Columbus Business First reports.
GlaxoSmithKline considers splitting up the group: FT
Fri, 20 Jul 2018 19:48:22 GMT
GlaxoSmithKline Plc is considering a break-up of the group after investors pressed the company's board to spin off its consumer division, the Financial Times reported on Friday.
Wall Street braces for tariff fallout as S&P 500 companies report
Fri, 20 Jul 2018 19:21:39 GMT
Tariffs are starting to bite big manufacturers and Wall Street could get another bout of caution and uncertainty from major industrial companies when a swath of reports comes in over the next week.
GOP To Hold 2020 National Convention In Charlotte
Fri, 20 Jul 2018 18:58:00 GMT
Charlotte, North Carolina, has officially been chosen as the host of the 2020 Republican National Convention, the Republican National Committee announced on Friday.
U.S., European allies map out larger role for F-35 fighter
Fri, 20 Jul 2018 18:34:05 GMT
Lockheed Martin's F-35 fighter jet is arriving in growing numbers in Europe, and is poised to play a much broader role in missile defense and other warfare plans than conventional fighters, according to U.S. and European officials.
State Street stock falls most in two years after halting buyback to complete merger
Fri, 20 Jul 2018 18:09:00 GMT
State Street dropped 7 percent on Friday, on track for its worst day in two years, after announcing it will suspend a share buyback to acquire Charles River Development.
With restructuring done, GE’s Flannery turns sights to fixing power business, GE Capital
Fri, 20 Jul 2018 17:28:00 GMT
General Electric will focus on meeting second half turnaround goals for its struggling power and GE Capital business units, the company said.
Cohen Reportedly Taped Conversation With Trump About Payments To Ex-Playmate
Fri, 20 Jul 2018 17:12:54 GMT
A conversation between President Donald Trump and longtime lawyer Michael Cohen about payments to a former Playboy model claiming to have had an affair with the then-real estate tycoon was secretary recorded, according to a report from the New York Times.
Honeywell eyes supplier shift to avoid tariff hit
Fri, 20 Jul 2018 17:11:59 GMT
U.S. industrial conglomerate Honeywell International Inc said on Friday it had started sourcing some of its components from countries other than China to counter growing costs related to a tariff war between the world's two largest economies.
Luxembourg police deploy Tesla cars to help nab criminals
Fri, 20 Jul 2018 16:38:42 GMT
Police in Luxembourg have added two Tesla electric cars to their fleet, hoping that their rapid acceleration capacity will help them nab more criminals and speed offenders while also trimming the tiny country's carbon emissions.
U.S. carmakers expected to warn of tariff pain when releasing results
Fri, 20 Jul 2018 16:34:33 GMT
When Detroit's automakers report earnings on Wednesday, they are likely to highlight escalating tariffs and use the opportunity to warn investors of far greater pain ahead should U.S. President Donald Trump impose broader tariffs on the industry's vehicles and parts, consultants and analysts said.
Deutsche to pay $75 million to settle ADRs abuses case, U.S. SEC says
Fri, 20 Jul 2018 16:22:44 GMT
The U.S. Securities and Exchange Commission said on Friday that Deutsche Bank has agreed to pay nearly $75 million to settle an investigation into the mishandling of pre-release American Depositary Receipts (ADR).
GE beats on EPS but trims cash flow target; shares fall
Fri, 20 Jul 2018 16:09:53 GMT
General Electric Co reported a smaller-than-expected drop in profit on Friday, but cut a key financial target, raising questions about its full-year outlook and sending shares sharply lower.
Modest Strength Remains Visible On Wall Street - U.S. Commentary
Fri, 20 Jul 2018 15:59:28 GMT
After moving higher earlier in the session, stocks continue to see modest strength in mid-day trading on Friday. Buying interest has remained somewhat subdued, however, limiting the upside for the major averages.
Dick Bove: Trump poised to take control of the Federal Reserve
Fri, 20 Jul 2018 15:58:00 GMT
President Donald Trump has multiple reasons as to why he should take control of the Federal Reserve. He will do so both because he can and because his broader policies argue that he should do so. 
Factbox: Impact of U.S-China trade tariffs on U.S. companies
Fri, 20 Jul 2018 15:51:08 GMT
Several U.S. companies are putting in place measures to cushion the impact of escalating trade tensions between the United States and China.
Traders expect that the Fed will probably ignore Trump's rate complaints
Fri, 20 Jul 2018 15:21:00 GMT
President Donald Trump's criticism of monetary policy won't have much impact on how the Federal Reserve goes about its business, judging by initial market reaction. 
Alphabet's Loon Internet Balloons Head To Kenya
Fri, 20 Jul 2018 15:19:24 GMT
Alphabet's subsidiary Loon LLC has secured its first commercial deal - to deliver 4G internet access to remote areas of Kenya using high-altitude balloons. Loon will partner with Telkom Kenya to deliver connectivity to parts of Kenya. Telkom Kenya announced Thursday that it has signed a definitive agreement with Loon to pilot a new 4G/LTE access network service in Kenya.
General Electric CFO: Strength in all businesses except power
Fri, 20 Jul 2018 15:13:00 GMT
General Electric sees strength in all its businesses excluding power, chief financial officer Jamie Miller told CNBC's Morgan Brennan. 
Final Court Hearing On Indian Banks' Cryptocurrency Ban Set For September 11
Fri, 20 Jul 2018 15:11:39 GMT
The Supreme Court of India has set September 11 as the final hearing date on a set of writ petitions challenging the central bank's ban on the country's commercial banks from providing services to investors in digital currencies. The apex court resumed hearing on petition by the Internet and Mobile Association of India (IAMAI) Friday. After hearing some arguments from IAMAI and the Reserve Bank,
Final Court Hearing On Indian Banks' Cryptocurrency Ban Set For September 11
Fri, 20 Jul 2018 15:11:39 GMT
The Supreme Court of India has set September 11 as the final hearing date on a set of writ petitions challenging the central bank's ban on the country's commercial banks from providing services to investors in digital currencies. The apex court resumed hearing on petition by the Internet and Mobile Association of India (IAMAI) Friday. After hearing some arguments from IAMAI and the Reserve Bank,
Major Averages Posting Modest Gains In Morning Trading - U.S. Commentary
Fri, 20 Jul 2018 14:46:31 GMT
Stocks have moved modestly higher over the course of morning trading on Friday, rebounding following the pullback seen in the previous session. The major averages have all climbed into positive territory, although buying interest remains somewhat subdued.
Crypto Weekly - Jul. 20
Fri, 20 Jul 2018 14:45:20 GMT
Cryptocurrencies led by Bitcoin had a good week with gains and robust volumes. While the leader held on to gains, several altcoins lost ground as the week progressed. After opening the week on a strong note, the cryptocurrency market sustained the upward momentum that saw the top cryptocurrency Bitcoin spike on Tuesday to cross the $7,000 mark. Volumes surged in tandem.
Crypto Weekly - Jul. 20
Fri, 20 Jul 2018 14:45:20 GMT
Cryptocurrencies led by Bitcoin had a good week with gains and robust volumes. While the leader held on to gains, several altcoins lost ground as the week progressed. After opening the week on a strong note, the cryptocurrency market sustained the upward momentum that saw the top cryptocurrency Bitcoin spike on Tuesday to cross the $7,000 mark. Volumes surged in tandem.
Hawaii town hopes lava tourism will bring economic relief
Fri, 20 Jul 2018 14:43:00 GMT
Images of Hawaii’s erupting Kilauea volcano have captivated people around the world. But ironically it’s nearly impossible for residents and visitors on the ground to see the lava — a fact that’s squeezing the tourism-dependent local economy.
Trump To Invite Putin To Washington
Fri, 20 Jul 2018 14:42:48 GMT
President Donald Trump has described his meeting with Russian President Vladimir Putin as a "great success" and despite widespread criticism appears ready for round two.
TRAI Asks Telecom Operators To Use Blockchain Tech. To Check Pesky Calls
Fri, 20 Jul 2018 14:42:20 GMT
Telecom Regulatory Authority of India (TRAI) issued a directive to telecom operators to use blockchain technology to curb pesky telemarketing calls and SMSs, which are made despite the "Do Not Disturb" choice of customers. A draft regulation to this effect was notified on May 29 and was open for comments up to June 11 before releasing the final regulation.
Tesla to unveil new model in St. Louis
Fri, 20 Jul 2018 14:41:00 GMT
Tesla will have its first public showing of its $35,000 "more affordable" family sedan in at the company's University City showroom Friday, the St. Louis Business Journal reports.
Chick-fil-A Kills Iconic Cow Calendar
Fri, 20 Jul 2018 14:31:22 GMT
The Cow Calendar era is coming to an end. Chick-fil-A said it is axing one of its well-loved products, the Cow Calendar. The 2018 Cow Calendar will be the chicken chain's last calendar. Chick-fil-A first launched the Cow Calendar in 1998 that featured cows as a new tool to convince people to eat more chicken. The calendars were popular not just for the pictures of funny Chick-fil-A cows.
Workers are 'ghosting' interviews, blowing off work in a strong job market
Fri, 20 Jul 2018 14:31:00 GMT
A growing number are "ghosting" their jobs: blowing off scheduled job interviews, accepting offers but not showing up the first day and even vanishing from existing positions – all without giving notice, USA Today reports.
Cryptocurrency Daily Roundup - Jul. 20
Fri, 20 Jul 2018 14:16:17 GMT
Bitcoin was in the green Friday morning, holding above $7,400, while several altcoins including Ethereum were declining. Overall cryptocurrency market capitalization also shrunk and was $284.11 billion as of 10.09 am ET on CoinMarketCap.
Cryptocurrency Daily Roundup - Jul. 20
Fri, 20 Jul 2018 14:16:17 GMT
Bitcoin was in the green Friday morning, holding above $7,400, while several altcoins including Ethereum were declining. Overall cryptocurrency market capitalization also shrunk and was $284.11 billion as of 10.09 am ET on CoinMarketCap.
Nominate your company for CNBC's Upstart 100
Fri, 20 Jul 2018 14:14:00 GMT
The Upstart list is back — and this year it's bigger than ever. Think your company has what it takes to make the cut?
Why UBS cloned an economist
Fri, 20 Jul 2018 14:04:00 GMT
You've heard of "robo-advisors." But UBS cloning an economist takes it to a whole other level, The Financial Times reports.
Democratic Sen. Heitkamp: Benefits of tax cuts to US workers have been 'eaten up' by Trump's tariffs
Fri, 20 Jul 2018 13:20:00 GMT
"We're the ninth most dependent on imported steel," the North Dakota senator says "The prices have gone up."
Belgium Consumer Confidence Improves In July
Fri, 20 Jul 2018 13:16:42 GMT
Belgium's consumer confidence improved slightly in July for the first time in four months, survey data from the National Bank of Belgium showed Friday.
Japanese Minister Denies Links To Crypto Exchange Under Scrutiny
Fri, 20 Jul 2018 13:12:12 GMT
A Japanese Minister has denied links to an unregistered cryptocurrency exchange, which is under probe for allegedly violating the Japanese fund settlement law. Japan's Financial Services Agency had warned the Tokyo-based company in January that it was suspected of violating the law on payment services by operating a cryptocurrency exchange as it was not registered to do so, Japanese media reported
Japanese Minister Denies Links To Crypto Exchange Under Scrutiny
Fri, 20 Jul 2018 13:12:12 GMT
A Japanese Minister has denied links to an unregistered cryptocurrency exchange, which is under probe for allegedly violating the Japanese fund settlement law. Japan's Financial Services Agency had warned the Tokyo-based company in January that it was suspected of violating the law on payment services by operating a cryptocurrency exchange as it was not registered to do so, Japanese media reported
Huobi Launches Huobi Cloud To Help Build Digital Asset Exchanges
Fri, 20 Jul 2018 13:00:46 GMT
Singapore-based cryptocurrency exchange Huobi launched its Cloud business arm, which will enable partners to build digital asset exchanges quickly. Huobi Cloud relies on Huobi's existing digital asset exchange platforms to provide services of setting up over-the-counter (OTC) exchanges and cryptocurrency exchanges for partners who have little to no IT capability.
UK June Budget Deficit Smallest In 2 Years
Fri, 20 Jul 2018 13:00:06 GMT
The UK budget deficit narrowed in June on higher revenue and lower expenditure and public borrowing for the quarter ended June reached its lowest level since 2007, the Office for National Statistics reported Friday. Public sector net borrowing, excluding public sector banks, dropped by GBP 0.8 billion to GBP 5.4 billion. This was the lowest June net borrowing since 2016.
UK June Budget Deficit Smallest In 2 Years
Fri, 20 Jul 2018 13:00:06 GMT
The UK budget deficit narrowed in June on higher revenue and lower expenditure and public borrowing for the quarter ended June reached its lowest level since 2007, the Office for National Statistics reported Friday. Public sector net borrowing, excluding public sector banks, dropped by GBP 0.8 billion to GBP 5.4 billion. This was the lowest June net borrowing since 2016.
Trump hits the Fed again in tweet: 'Tightening now hurts all that we have done'
Fri, 20 Jul 2018 12:54:00 GMT
President Donald Trump criticizes the Federal Reserve's monetary policy again on social media Friday, a day after his initial negative remarks were revealed on CNBC.
Stocks May See Further Downside On Trade War Concerns - U.S. Commentary
Fri, 20 Jul 2018 12:53:02 GMT
Following the pullback seen in the previous sessions, stocks may see further downside in early trading on Friday. The major index futures are currently pointing to lower open for the markets, with the Dow futures down by 115 points.
Trade War Once Again In Focus On Wall Street
Fri, 20 Jul 2018 12:48:44 GMT
The major U.S. index futures are pointing to a lower opening on Friday, with stocks likely to extend the pullback seen in the previous session.
4 powerful weapons China has in its arsenal to win the US-China trade war
Fri, 20 Jul 2018 12:48:00 GMT
China has powerful non-tariff measures it can use to crush America  from cashing out its $1 trillion hoard of U.S. Treasury bonds to devaluing the yuan. These are measures that could destabilize the U.S. economy.
Japan's NTT Files Patent For Blockchain-based Contract Agreement Method
Fri, 20 Jul 2018 12:28:34 GMT
Japanese telecom giant Nippon Telegraph and Telephone or NTT has filed a patent for a blockchain technology-based new contract agreement method. NTT, the world's fourth-largest telecom provider, explains the ways to use the application to store contracts without tampering documents.
Wall Street For A Broadly Lower Opening
Fri, 20 Jul 2018 12:23:52 GMT
Major companies such as Microsoft and Honeywell are reporting their earnings today.
Wall Street For A Broadly Lower Opening
Fri, 20 Jul 2018 12:23:52 GMT
Major companies such as Microsoft and Honeywell are reporting their earnings today.
TSX Looks Headed For Positive Start
Fri, 20 Jul 2018 12:05:37 GMT
The Canadian stock market is expected to open higher on Friday, extending previous session's gains, on fairly steady oil and gold prices. The market will be reacting to the data on core inflation in May and retail sales in June , both due before the opening bell.
Stocks making the biggest moves premarket: GE, HON, MSFT, CMCSA, TSLA & more
Fri, 20 Jul 2018 11:50:00 GMT
Names on the move ahead of the open.
General Electric Q2 Profit Declines; Organic Revenue Down 6%
Fri, 20 Jul 2018 11:44:36 GMT
General Electric Co (GE) reported second-quarter adjusted EPS of $0.19, down 10% year-over-year. The company said it posted strong performance in Aviation, Healthcare, & Corporate partly offset by lower Power, Renewables, & Capital earnings. Adjusted industrial EPS was $0.21, a decline of 9%. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.18 for the quarter. Analysts' estimates typically exclude special items. Adjusted Industrial earnings were $1.83 billion, down 11% from previous year. Adjusted industrial free cash flows were $0.3 billion, down $0.1 billion from last year.
Trump says stock market gains since election give him opportunity to wage a trade war: 'We’re playing with the bank's money'
Fri, 20 Jul 2018 11:21:00 GMT
President Donald Trump believes the stock market rally since his election win gives him the cushion to address the trade conflict with China and other countries.
Poland's Retail Sales Growth Tops Expectations
Fri, 20 Jul 2018 11:16:43 GMT
Poland's retail sales grew more than expected in June, figures from Statistics Poland revealed Friday.
Eurozone Govt. Deficit Narrows In Q1
Fri, 20 Jul 2018 10:54:24 GMT
The euro area government deficit continued to narrow in the first quarter as revenue increased amid a fall in expenditure, figures published by Eurostat showed Friday.
After exiting battle for Fox, Comcast fires ‘warning shot’ to Disney over Sky takeover, analyst says
Fri, 20 Jul 2018 10:26:00 GMT
Comcast is ratcheting up the pressure on Disney over its pursuit of Sky, analysts told CNBC on Friday, shortly after it dropped out of the race to acquire Twenty-First Century Fox.
General Electric shares fall after profit drops 30%
Fri, 20 Jul 2018 10:20:00 GMT
GE reports second quarter 30 percent profit drop from last year because of weakness in its power division.
Luxembourg Jobless Rate Lowest Since April 2011
Fri, 20 Jul 2018 10:12:24 GMT
Luxembourg's unemployment rate resumed its downward trend in June, after holding steady in the previous month, and was the lowest in over seven years, preliminary data from the statistical office showed Friday.
Trump says he's 'ready' to put tariffs on all $505 billion of Chinese goods imported to the US
Fri, 20 Jul 2018 10:09:00 GMT
President Donald Trump has indicated that he is willing to slap tariffs on every Chinese good imported to the U.S. should the need arise.
The Fed now has to raise rates to prove it’s independent from Trump, investment manager says
Fri, 20 Jul 2018 09:50:00 GMT
Trump’s implication that he favors holding rates down in the face of economic growth defies the convention that monetary tightening is necessary to temper inflation. 
European Shares Lack Direction Amid Trade Tensions
Fri, 20 Jul 2018 09:46:03 GMT
European stocks were moving in a narrow range on Friday as investors digested U.S. President Donald Trump's comments on the Federal Reserve and watched movements in the Chinese yuan.
Eurozone Current Account Surplus Declines In May
Fri, 20 Jul 2018 09:15:24 GMT
The euro area current account surplus declined notably in May, the European Central Bank reported Friday.
UK Budget Deficit Narrows In June
Fri, 20 Jul 2018 08:54:19 GMT
The UK budget deficit narrowed in June, the Office for National Statistics said Friday.
Asian Shares Mostly Higher Despite Trade War Fears
Fri, 20 Jul 2018 08:26:03 GMT
Asian stocks closed mostly higher on Friday despite concerns that an escalation of trade tensions could harm global growth.
Dollar weakens after Trump takes aim at the Fed
Fri, 20 Jul 2018 08:15:00 GMT
"More broadly, financial markets do not like the politicization of central banks," says Kamal Sharma, director of G10 FX strategy at BofA Merrill Lynch.
Day 2 of Open Championship to begin with Kevin Kisner in the lead
Fri, 20 Jul 2018 08:02:00 GMT
CNBC's Adam Reed reports from the Open Championship in Carnoustie, Scotland, with comment from Michael Robichaud, SVP of global sponsorships for MasterCard.
Timeline for launch of single-pilot airplanes accelerated: UBS
Fri, 20 Jul 2018 07:41:00 GMT
Celine Fornaro, head of EMEA industrials research at UBS, says that single-pilot planes for both cargo and passengers could be a possibility by 2022.
Hungary's Gross Wage Growth Weakens In May
Fri, 20 Jul 2018 07:17:49 GMT
Hungary's average gross earnings grew at the slowest pace in more than a year in May, the Central Statistical Office said Friday.
Expect more EM volatility, dollar appreciation looks set to continue: Tavistock Investments
Fri, 20 Jul 2018 07:17:00 GMT
Christopher Peel, chief investment officer at Tavistock Investments, speaks about the potential impact of the U.S.-China trade war.
European stocks lower after Trump criticizes the Fed
Fri, 20 Jul 2018 07:14:00 GMT
Shares in Europe traded lower following remarks from President Donald Trump about the Federal Reserve.
Comcast withdraws Fox bid, will focus on offer for Sky
Fri, 20 Jul 2018 07:09:00 GMT
Ian Whittaker, media analyst at Liberum, speaks about the latest developments as Comcast and Disney jostle to buy U.K. broadcaster Sky.
Valsartan Drugs Recalled Over Potential Carcinogen Contamination
Fri, 20 Jul 2018 07:04:03 GMT
Valsartan, an active pharmaceutical ingredient in drugs used to treat high blood pressure and heart failure, has been making headlines over the past two weeks for all the wrong reasons.
Dutch Consumer Confidence Remains Stable In July
Fri, 20 Jul 2018 06:52:51 GMT
Dutch consumer confidence remained unchanged in July, figures from the Central Bureau of Statistics showed Friday.
China hard landing worries overblown: Pro
Fri, 20 Jul 2018 06:38:00 GMT
Ziemba Insights founder Rachel Ziemba discusses moves in the U.S. dollar and Chinese yuan.
Germany's Producer Price Inflation At 9-Month High
Fri, 20 Jul 2018 06:26:24 GMT
Germany's producer prices climbed at the fastest pace in nine months in June, Destatis reported Friday.
Trade wars are the biggest risk of Trump's presidency: Werthstein Institute
Fri, 20 Jul 2018 06:20:00 GMT
Giles Keating, managing director at Werthstein Institute, speaks about the impact of President Donald Trump's presidency.
Kevin Kisner leads after round one at golf's Open Championship
Fri, 20 Jul 2018 06:04:00 GMT
CNBC's Adam Reed reports on the first day of play at the Open Championship in Carnoustie, Scotland.
European Shares Set To Fall As Trade Worries Intensify
Fri, 20 Jul 2018 05:56:10 GMT
European stocks are seen opening lower on Friday after China allowed its yuan currency to slide further to its lowest level in a year, stoking concerns that China could turn a trade war into a currency war.
Skanska CEO: Still see healthy market growth in the U.S., Sweden
Fri, 20 Jul 2018 05:43:00 GMT
Anders Danielsson speaks about his firm's second-quarter figures.
Chinese bond market undergoing pressure, expert says
Fri, 20 Jul 2018 05:35:00 GMT
Hao Hong, head of research at BOCOM International, discusses the attempt by the People's Bank of China to inject liquidity into some parts of the economy.
New Zealand Credit Card Spending Rebounds In June
Fri, 20 Jul 2018 05:33:07 GMT
New Zealand credit card spending recovered in June, figures from Reserve Bank of New Zealand showed Friday.
Japan All Industry Activity Rises Marginally In May
Fri, 20 Jul 2018 04:50:55 GMT
Japan's all industry activity grew only marginally in May after recovering in April, data from the Ministry of Economy, Trade and Industry showed Friday.
European Economics Preview: UK Public Sector Finance Data Due
Fri, 20 Jul 2018 04:29:08 GMT
Public sector finance data from the UK is due on Friday, headlining a light day for the European economic news.
European Economics Preview: UK Public Sector Finance Data Due
Fri, 20 Jul 2018 04:29:08 GMT
Public sector finance data from the UK is due on Friday, headlining a light day for the European economic news.
Asian Markets Mostly Lower
Fri, 20 Jul 2018 03:42:38 GMT
Asian stock markets are mostly lower on Friday following the negative lead from Wall Street amid U.S. President Donald Trump's criticism of the Federal Reserve and as China's central bank lowered its midpoint for the yuan to its lowest level in a year. Worries about the European Union imposing retaliatory tariffs on U.S. goods also weighed on investor sentiment.
ACIU Back In Focus, MDXG Works To Undo Past Wrongs, AVEO To Report Data In Q4
Fri, 20 Jul 2018 01:29:19 GMT
The following are some of today's top gainers in the pharma/biotech sector.
4 traits learned from homeschooling that this entrepreneur used for his multimillion-dollar business
Fri, 20 Jul 2018 00:43:00 GMT
High school, for many, is more likely to inspire boredom than the next great business idea. But for Richard Lorenzen, homeschool education led him to found a multimillion-dollar business.
Japan Inflation Rises 0.7% On Year In June
Thu, 19 Jul 2018 23:47:49 GMT
Consumer prices in Japan were up 0.7 percent on year in June, the Ministry of Internal Affairs and Communications said on Friday.
'Medical check-ups': Japan firms tap banks for advice as activists circle
Thu, 19 Jul 2018 23:21:19 GMT
Japanese companies are increasingly turning to investment banks and public relations firms for advice on dealing with potential approaches by activist investors who are targeting low valuations and...
U.S. equity ETFs break six-week streak of outflows: Lipper
Thu, 19 Jul 2018 23:18:18 GMT
Fund investors piled into U.S.-based equity exchange-traded funds in the week ended Wednesday, following six straight weeks of withdrawals, Lipper data showed on Thursday, as investors geared up for...
Selfie with an owl, anyone? How businesses are capitalizing on the millennial Instagram obsession
Thu, 19 Jul 2018 22:37:00 GMT
From jiggly pancakes to owl selfies, businesses in Japan are getting creative to offer experiences that are worthy of Instagramming, the Financial Times reports.
Japan Inflation Data Due On Friday
Thu, 19 Jul 2018 22:02:49 GMT
Japan will on Friday release June numbers for consumer prices, setting the pace for a light day in Asia-Pacific economic activity.
U.S. municipal bond funds post $1.3 billion in inflows: Lipper
Thu, 19 Jul 2018 21:28:46 GMT
U.S. municipal bond funds reported $1.3 billion of net inflows in the week ended July 18, compared with $651 million in inflows in the previous week, according to data released by Lipper on Thursday.
TSX Ends Higher Again
Thu, 19 Jul 2018 21:22:57 GMT
Canadian stocks ended on a positive note on Thursday, with gains from industrials and information technology stocks driving the benchmark higher. The benchmark S&P/TSX ended up 65.61 points or 0.4% at 16,543.01,
South Korea PPI Unchanged In June
Thu, 19 Jul 2018 21:18:00 GMT
Producer prices in South Korea were flat on month in June, the Bank of Korea said on Friday - following a 0.2 percent increase in May.
Venture firm's partners make up the largest class of investors in its new $6.3 billion fund
Thu, 19 Jul 2018 21:11:00 GMT
Insight Venture Partners' Fund X raises the largest fund to date with its largest investors hailing from its own firm.  
BlackRock replaces Americas corporate governance leader
Thu, 19 Jul 2018 20:34:40 GMT
Top asset manager BlackRock Inc has hired Ray Cameron as head of the Americas within its investment stewardship arm, according to a memo seen by Reuters on Thursday, turning to an outsider to fill...
Microsoft Q4 Profit Beats View On Strong Cloud Results
Thu, 19 Jul 2018 20:28:47 GMT
Software giant Microsoft Corp. (MSFT), Thursday reported an increase in profit for the fourth-quarter that also trumped Wall Street's estimates, as cloud business continues to soar.
Profit Taking, Earnings News Lead To Pullback On Wall Street - U.S. Commentary
Thu, 19 Jul 2018 20:17:29 GMT
Stocks moved mostly lower during trading on Thursday, giving back some ground after trending higher over the past several sessions. The major averages moved to the downside early in the session and remained stuck in the red throughout the day.
Skechers drops more than 25% after earnings miss
Thu, 19 Jul 2018 20:11:00 GMT
The footwear maker reported EPS that fell well below expectations for the second quarter.
Trump lays into the Fed, says he's 'not thrilled' about interest rate hikes
Thu, 19 Jul 2018 17:01:00 GMT
In a stinging and historically rare criticism, President Donald Trump expressed frustration with the Federal Reserve and said the central bank could disrupt the economic recovery.
Automakers push back on EU tariff plan, saying there's no evidence imports affect national security
Thu, 19 Jul 2018 15:06:00 GMT
Automakers, testifying at the first of a two-day hearing being held by the U.S. Commerce Department, warned against the Trump administration's proposal to hike tariffs on car imports from the EU. 
Automakers push back on EU tariff plan, saying there's no evidence imports affect national security
Thu, 19 Jul 2018 15:06:00 GMT
Automakers, testifying at the first of a two-day hearing being held by the U.S. Commerce Department, warned against the Trump administration's proposal to hike tariffs on car imports from the EU. 
Copper — a metal with a history of predicting economic trouble — hits 1-year low, nears bear market
Thu, 19 Jul 2018 14:56:00 GMT
Copper prices reached their lowest levels in a year on Thursday amid concerns that a global trade war could strain global supply chains and slow down the global economy.
Trump trade tactics sabotaging the economy and markets, Stephen Roach warns
Thu, 19 Jul 2018 14:53:00 GMT
Yale senior fellow Stephen Roach says the markets are too complacent when it comes to trade war risks.
eBay stock has worst day in nearly two years after weak growth, lowered revenue forecast
Thu, 19 Jul 2018 14:41:00 GMT
Shares of eBay fell over 10 percent in trading Thursday after the company reported sluggish growth in its marketplace business. 
Cryptocurrency Daily Roundup - Jul. 19
Thu, 19 Jul 2018 14:30:23 GMT
The cryptocurrency rally running for the last three days lost steam Thursday morning with Bitcoin facing stiff resistance as it chased the $8,000 mark. Most cryptocurrencies were in the red, while Bitcoin resumed its upward trend. Overall cryptocurrency market capitalization fell to $290.93 billion as of 10.20 am ET on CoinMarketCap.
U.S. Leading Economic Index Climbs More Than Expected In June
Thu, 19 Jul 2018 14:18:11 GMT
Pointing to continuing solid growth in the U.S. economy, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading economic indicators in the month of June. The Conference Board said its leading economic index climbed by 0.5 percent in June.
Crypto Space 'Seems Like A Ponzi Scheme': Rep. Collin Peterson
Thu, 19 Jul 2018 14:17:19 GMT
Rep. Collin Peterson says much of the cryptocurrency ecosystem "seems like a Ponzi scheme." He made the remarks at a U.S. House Committee hearing on cryptocurrency. Two separate public hearings on cryptocurrency were hosted on Capitol Hill Wednesday. The subject of hearing in the House Committee on Agriculture was "Cryptocurrencies: Oversight of New Assets in the Digital Age." Mike Conaway, who is
Fed's banking supervisor backs new interest rate benchmark
Thu, 19 Jul 2018 14:14:00 GMT
The Federal Reserve's banking supervisor gave his backing Thursday to a new interest rate benchmark for institutions to use when lending to each other.
Leading indicators up slightly more than expected in June
Thu, 19 Jul 2018 14:00:00 GMT
The Conference Board's Leading Economic Index was expected to gain in June.
Trump says EU's $5 billion fine on Google is proof the US is being taken advantage of
Thu, 19 Jul 2018 13:38:00 GMT
On Wednesday, the EU hit Google with a $5 billion fine, alleging the company had violated antitrust laws by bundling its apps like Chrome and Google Play with its Android operating system.
Trump says EU's $5 billion fine on Google is proof the US is being taken advantage of
Thu, 19 Jul 2018 13:38:00 GMT
On Wednesday, the EU hit Google with a $5 billion fine, alleging the company had violated antitrust laws by bundling its apps like Chrome and Google Play with its Android operating system.
UK Retail Sales Log Strong Gain In Q2, Despite Weak June
Thu, 19 Jul 2018 13:30:07 GMT
UK retail sales revealed a mixed bag as they unexpectedly declined in June, but the quarterly growth was robust, preliminary data from the Office for National Statistics showed Thursday. Retail sales dropped 0.5 percent from the previous month, while economists' were looking for a 0.2 percent increase. The decline came after a two months of strong growth. In May, sales rose 1.4 percent.
Growth In Philadelphia-Area Manufacturing Activity Rebounds In July
Thu, 19 Jul 2018 13:19:30 GMT
After reporting a notable slowdown in the pace of growth in regional manufacturing activity in the previous month, the Federal Reserve Bank of Philadelphia released a report on Thursday showing the pace of growth in manufacturing activity rebounded more than expected in July.
Trump tried to protect Qualcomm. Now his trade war may be hurting it.
Thu, 19 Jul 2018 13:18:00 GMT
China’s prolonged review of Qualcomm's proposed acquisition of NXP Semiconductors is widely seen by analysts and trade experts as part of Beijing’s retaliation for President Trump’s tariffs on Chinese goods.
U.S. Jobless Claims Unexpectedly Drop To Lowest Level Since 1969
Thu, 19 Jul 2018 13:09:49 GMT
A report released by the Labor Department on Thursday showed an unexpected decrease in first-time claims for U.S. unemployment benefits in the week ended July 14th, with initial jobless claims falling to their lowest level in almost five decades.
The most important number in finance is going away. Wall St. isn’t prepared.
Thu, 19 Jul 2018 13:08:00 GMT
Libor, a crucial interest rate benchmark, could be gone by 2021. The New York Times reports.
Profit Taking May Contribute To Early Weakness On Wall Street
Thu, 19 Jul 2018 12:58:28 GMT
The major U.S. index futures are pointing to a lower opening on Thursday, with stocks likely to move back to the downside after ending the previous session modestly higher.
Philly Fed Index Rebounds More Than Expected In July
Thu, 19 Jul 2018 12:41:31 GMT
After reporting a notable slowdown in the pace of growth in regional manufacturing activity in the previous month, the Federal Reserve Bank of Philadelphia released a report on Thursday showing the pace of growth in manufacturing activity rebounded more than expected in July.
U.S. Weekly Jobless Claims Unexpectedly Drop To 207,000
Thu, 19 Jul 2018 12:35:31 GMT
A report released by the Labor Department on Thursday showed an unexpected decrease in first-time claims for U.S. unemployment benefits in the week ended July 14th.
U.S. Medigap plans fall short on protections for pre-existing conditions
Thu, 19 Jul 2018 12:32:30 GMT
(The opinions expressed here are those of the author, a columnist for Reuters.)
US weekly jobless claims drop to the lowest level since 1969
Thu, 19 Jul 2018 12:30:00 GMT
The number of Americans filing for unemployment benefits unexpectedly fell last week.
Wall Street Might Open With A Negative Bias
Thu, 19 Jul 2018 12:22:29 GMT
Jobless Claims and earnings are the major focus on Thursday. Major companies are scheduled to report their earnings in the coming week. U.S. Futures suggest that Wall Street might open lower. Asian shares finished down, while European shares are trading lower.
The EU is making a retaliation list to strike back if the US hits European cars with tariffs
Thu, 19 Jul 2018 12:16:00 GMT
The European Union is making a list of goods it could target as a way to retaliate against potential tariffs on European cars, an EU official said Thursday.
Canadian Stocks Seen Lower On Falling Commodities
Thu, 19 Jul 2018 11:57:51 GMT
Canadian stocks look headed for a weak start on Thursday, with falling commodity prices set to trigger some selling in energy and materials sections. A largely sluggish trend in major European markets and weak close in Asia may also weigh on investor sentiment.
Rep. Brad Sherman Demands Ban On Cryptocurrency Mining, Buying
Thu, 19 Jul 2018 11:56:58 GMT
Rep. Brad Sherman (D-CA) has demanded that cryptocurrency mining and buying should be banned. He made the call during a public hearing on cryptocurrency, hosted by House Subcommittee on Financial Policy. The hearing entitled "The Future of Money: Digital Currency" examined the extent to which the US government should consider cryptocurrencies as money, and the potential domestic and global uses
Biggest threat to markets and economy is a Democrat win in November, Trump advisor Hassett says
Thu, 19 Jul 2018 11:54:00 GMT
The main thing that could derail markets and the economy would be a Democrat takeover of Congress, White House economic advisor Kevin Hassett said Thursday.
Stocks making the biggest moves premarket: TRV, IBM, AXP, QCOM, EBAY & more
Thu, 19 Jul 2018 11:46:00 GMT
Names on the move ahead of the open.
Ivanka Trump: We are pushing for more education for mid- and late-career workers
Thu, 19 Jul 2018 11:37:00 GMT
Trump, who is President Donald Trump's elder daughter and a senior White House advisor, was speaking to anchor Joe Kernen on CNBC's "Squawk Box."
Ireland GDP Contracts In Q1
Thu, 19 Jul 2018 10:49:32 GMT
Irish economy contracted in the three months ended March, after expanding in the previous three quarters, preliminary data from the Central Statistics Office showed Thursday.
Queen B: Life lessons take flight with Angela Bassett
Thu, 19 Jul 2018 10:26:32 GMT
(The writer is a Reuters contributor. The opinions expressed are his own.)
Tiger Woods to make first Open Championship appearance since 2015
Thu, 19 Jul 2018 08:11:00 GMT
CNBC's Adam Reed reports from the Open Championship in Scotland on the financial credentials of Tiger Woods.
Cloud business drives SAP's second-quarter results above forecasts
Thu, 19 Jul 2018 07:19:00 GMT
Marcus Morris-Eyton, European equities portfolio manager at Allianz Global Investors, speaks about SAP's latest earnings report.
European markets open mixed amid earnings; UK makes preparations for ‘no-deal’ Brexit
Thu, 19 Jul 2018 07:11:00 GMT
European shares open mixed as investors await further corporate results and digest political events.
Strong emerging market growth despite volatile currency markets: Unilever CEO
Thu, 19 Jul 2018 06:53:00 GMT
Paul Polman speaks about the consumer goods giant's second-quarter results, as well as the impact of currency volatility on the business.
Tech sector driving disruption across industries, says Polar Capital's Rogoff
Thu, 19 Jul 2018 06:21:00 GMT
Ben Rogoff, fund manager at Polar Capital Partners, discusses his rationale behind investing in technology stocks.
Unilever’s profit dips amid Brazilian truck strike and currency fluctuations
Thu, 19 Jul 2018 06:13:00 GMT
Consumer goods maker Unilever reported lower-than-expected second quarter sales.
Rebound in high growth markets of China, India and Latin America, says Givaudan CEO
Thu, 19 Jul 2018 06:13:00 GMT
Gilles Andrier speaks about his company's earnings, as well as the consumer-led shift back to natural ingredients.
World's best golfers vie for coveted Claret Jug at The Open Championship 2018
Thu, 19 Jul 2018 05:51:00 GMT
CNBC's Adam Reed reports from Carnoustie, Scotland, on the oldest tournament in golf.
Tencent targets US payments push despite trade war fears
Thu, 19 Jul 2018 05:45:00 GMT
Yin Jie, director of crossborder operation at Tencent, speaks about the expansion of its payment services into the U.S.
Just had best quarter in the history of the comapny: Volvo Cars CEO
Thu, 19 Jul 2018 05:12:00 GMT
"We have tried for many years now to act as a listed company," Hakan Samuelsson says of his business' potential IPO.
As Japan grows 'so-so,' one of its largest companies looks for international expansion
Thu, 19 Jul 2018 04:15:00 GMT
Masatsugu Nagato, president and CEO of Japan Post, spoke with CNBC at the launch of Toll City, a logistics hub situated in western Singapore.
Detour Gold and Paulson trade barbs over hedge fund's campaign
Wed, 18 Jul 2018 23:59:59 GMT
Canadian miner Detour Gold and activist investor Paulson & Co entered into an increasingly heated public exchange on Wednesday over the hedge fund's campaign to seek change at the company and a...
Trade-war concerns cloud New York City investment conference
Wed, 18 Jul 2018 23:31:15 GMT
A prolonged U.S. trade war with China and Europe would dent global economic growth and force investors to reassess the profitability of U.S. companies, some of the biggest hedge funds and private...
TSX Ends Modestly Lower After Lackluster Session
Wed, 18 Jul 2018 21:20:01 GMT
Canadian stocks edged lower on Wednesday, dragged down by losses in consumer staples and energy sectors. Wall Street was steady and major European markets moved higher, but TSX stayed in the red almost right through the session with investors looking for direction.
Ex-Point72 portfolio manager to launch macro hedge fund Entheos: sources
Wed, 18 Jul 2018 21:08:22 GMT
Erik Cetrulo, a former portfolio manager at Steven Cohen's Point72 Asset Management, is raising funds for a global macro discretionary hedge fund and is targeting a launch in the first quarter of...
If the first men on the moon had become stranded, President Nixon would have given this speech
Wed, 18 Jul 2018 20:33:00 GMT
White House speechwriter Bill Safire penned the address "In event of moon disaster" on July 18, 1969.
Billionaire investor David Rubenstein says two more interest rate hikes won't hurt the economy
Wed, 18 Jul 2018 20:23:00 GMT
Some investors fear that additional Federal Reserve interest rate hikes could slow down the economy. But billionaire investor David Rubenstein says the economy is strong enough right now to withstand it. 
American Express drops more than 3 percent after missing on revenue
Wed, 18 Jul 2018 20:12:00 GMT
The payments company said its net income rose 21 percent year over year amid growth in member spending and fees.
Warren Buffett finds an 'elephant' in Berkshire's own backyard
Wed, 18 Jul 2018 19:51:00 GMT
Warren Buffett has looked around for suitable ways to invest Berkshire Hathaway's $106 billion cash hoard, and he has finally come up with an idea: Berkshire Hathaway.
Oaktree's Marks bullish on emerging market stocks, real estate debt
Wed, 18 Jul 2018 19:33:46 GMT
Emerging market equities and real-estate debt remain attractive at a time when most of the year's gains in the S&P 500 have already been realized, billionaire investor Howard Marks said on Wednesday...
Wendy's had preliminary deal talks with Papa John's before founder's scandal erupted
Wed, 18 Jul 2018 19:07:00 GMT
Shares of Papa John's spiked Wednesday after a report surfaced that the company's founder John Schnatter had been in preliminary talks with Wendy's about a possible merger. 
Morgan Stanley caps strong earnings season for big U.S. banks
Wed, 18 Jul 2018 18:13:10 GMT
Morgan Stanley's better-than-expected results on Wednesday capped a strong second-quarter earnings season for large U.S. banks.
U.S. mutual fund investors ditch equities despite S&P 500 gains: ICI
Wed, 18 Jul 2018 17:32:57 GMT
U.S. mutual fund investors fled from stocks for the 14th straight week as ongoing trade war fears divided markets, Investment Company Institute data showed on Wednesday.
Blackstone's new president Gray says China and US will eventually reach a trade deal
Wed, 18 Jul 2018 16:30:00 GMT
Blackstone's Jonathan Gray share his market views at the Delivering Alpha Conference in New York on Wednesday.
Citadel's Griffin warns on dangers of prolonged trade war
Wed, 18 Jul 2018 15:46:08 GMT
Billionaire investor Kenneth Griffin on Wednesday praised President Donald Trump's policies but warned that prolonged trade wars could harm consumers and companies alike.
Nigeria launches national carrier that it hopes will fly to China and India
Wed, 18 Jul 2018 15:45:00 GMT
The Nigerian government will own no more than a 5 percent stake in the airline, which it is touting as “fully private sector led.”
The Senate is making a big mistake as it drags its feet over EXIM Bank confirmations
Wed, 18 Jul 2018 15:39:00 GMT
The U.S. Export-Import Bank has lacked a board quorum since July 2015, crippling its mission to help finance American companies selling goods and services overseas, writes former EXIM Chairman and President Fred P. Hochberg.
Blue Origin pushes the limits of its capsule designed for tourists in second successful launch this year
Wed, 18 Jul 2018 14:46:00 GMT
SpaceX is set to launch Thursday evening from Florida, flying an enhanced version of its Falcon 9 rocket for the first time.
'It's a lot of money' — Trump's tariffs take a toll on farmers in Pennsylvania, a key state in the fight for Congress
Wed, 18 Jul 2018 14:42:00 GMT
As the U.S. exchanges blows with global trading partners in a widening series of conflicts, candidates across the country have had to adapt to a changing trade landscape.
US trade talks with Mexico making 'good progress:' Kudlow
Wed, 18 Jul 2018 14:18:00 GMT
The U.S. is making "good progress" in trade talks with Mexico, according to Larry Kudlow, the top White House economic advisor. 
Citadel's Ken Griffin says 'very strong growth' coming next 6 to 9 months, barring a trade-related setback
Wed, 18 Jul 2018 14:11:00 GMT
Citadel’s Ken Griffin shares his market views at the Delivering Alpha Conference in New York on Wednesday.  
Trump administration expecting significant trade offer from EU soon, Kudlow says
Wed, 18 Jul 2018 14:04:00 GMT
EU President Jean-Claude Juncker is coming to Washington next week, possibly with a significant trade offer, Larry Kudlow tells CNBC.
IBM Supports Stronghold To Launch 'Stablecoin' On Stellar Network
Wed, 18 Jul 2018 13:58:16 GMT
International Business Machines or IBM has partnered with financial technology startup Stronghold to launch stablecoin, a cryptocurrency that's pegged to the US dollar, on Stellar blockchain Network.
White House economic advisor Kudlow says no recession is in sight right now
Wed, 18 Jul 2018 13:20:00 GMT
In the face of fears that the U.S. economy's growth spurt may be temporary, White House economic advisor Larry Kudlow said there's little chance of a recession anytime soon.
Kudlow says President Trump is 'so dissatisfied' with China trade talks that he is keeping the pressure on
Wed, 18 Jul 2018 13:06:00 GMT
The chief economic advisor to President Trump spoke at CNBC's Delivering Alpha conference in New York. 
Traders Looking Ahead To Powell's Second Day On Capitol Hill
Wed, 18 Jul 2018 13:02:43 GMT
The major U.S. index futures are once again pointing to a roughly flat opening on Wednesday, with stocks likely to show a lack of direction after moving higher over the course of the previous session.
Futures Point To Lower Opening For Wall Street
Wed, 18 Jul 2018 12:21:04 GMT
Early signs from the U.S. Futures suggest that Wall Street might open lower reversing from Tuesday's close.
Canadian Stocks Seen Opening Flat
Wed, 18 Jul 2018 12:06:24 GMT
Bay Street looks headed for a flat to slightly weak opening on Wednesday, tracking lower commodity prices. The market will focus on earnings reports and other corporate news for direction. Energy stocks are likely to stay sluggish due to falling crude oil prices.
Working in retirement is not a sure thing
Wed, 18 Jul 2018 11:07:43 GMT
(The opinions expressed here are those of the author, a columnist for Reuters.)
Ericsson CEO: Will be extra costs from 5G development
Wed, 18 Jul 2018 08:23:00 GMT
Borje Ekholm said 5G will play an important role in Ericsson’s business.
Electrolux: Consumer demand backdrop is supportive
Wed, 18 Jul 2018 08:23:00 GMT
Chief executive Jonas Samuelson discusses Electrolux's second-quarter earnings.
Strategist: Investors concerned about possible UK government collapse
Wed, 18 Jul 2018 08:23:00 GMT
Peter Schaffrik, head of European economics and interest rate strategy at RBC Capital Markets, discusses U.K. politics.
Swatch CEO: Business doing well across all segments
Wed, 18 Jul 2018 08:23:00 GMT
Nick Hayek discusses Swatch's first-half earnings.
Fed Chair Powell right about trade and policy, economist says
Wed, 18 Jul 2018 08:23:00 GMT
Steven Blitz, chief U.S. economist at TS Lombard, discusses Federal Reserve Chair Jerome Powell's testimony to Congress.
Danske Bank opens probe into alleged money laundering case
Wed, 18 Jul 2018 08:09:00 GMT
Morten Mosegaard Christensen, interim CFO at Danske Bank, speaks about allegations against the Danish lender of money laundering in Estonia.
More positive on European equities, particularly tech: State Street
Wed, 18 Jul 2018 07:23:00 GMT
Timothy Graf, head of macro strategy EMEA at State Street, discusses the rationale behind investing in European technology stocks.
European markets open higher amid earnings; Google in focus
Wed, 18 Jul 2018 07:05:00 GMT
European shares open higher on Wednesday, carrying on the positive sentiment that started on Wall Street.
Tele2 second-quarter net profit up 59 percent
Wed, 18 Jul 2018 07:02:00 GMT
Chief Executive Allison Kirkby speaks about her business' performance in various regional markets.
Yet to be convinced that the US is close to neutral interest rates: Hermes
Wed, 18 Jul 2018 06:57:00 GMT
Saker Nusseibeh, CEO and banking standards board member at Hermes Investment Management, speaks about the issues facing the U.S. economy.
TSX Ends Marginally Up
Tue, 17 Jul 2018 21:44:38 GMT
Canadian stocks shrugged off a negative start and ended modestly higher on Tuesday, led by gains in consumer discretionary, information technology and materials sectors. Due to a lack of positive lead from Asian and European markets,
Hedge fund firm PAAMCO Prisma co-CEOs Buchan and Reddy to leave
Tue, 17 Jul 2018 20:17:08 GMT
Investment firm PAAMCO Prisma, one of the world's biggest investors in hedge funds, said on Tuesday that a six-person executive committee will replace the firm's two co-chief executives who are...
Goldman Sachs pressed on strategy as new CEO confirmed
Tue, 17 Jul 2018 18:32:52 GMT
Goldman Sachs Group Inc was pressed for details on new businesses after an uneven second-quarter performance, a likely preview of challenges incoming Chief Executive David Solomon will face as he...
Looming Powell Testimony May Lead To Roughly Flat Open On Wall Street
Tue, 17 Jul 2018 12:53:18 GMT
The major U.S. index futures are pointing to a roughly flat opening on Tuesday, with stocks likely to extend the lackluster performance seen in the previous session.
Wall Street Might Open With A Negative Bias
Tue, 17 Jul 2018 12:21:25 GMT
All eyes are on Congressional testimony of Jerome Powell at 10.00 am ET. The continued worries on U.S-China trade war and the extended decline of oil prices might have an impact on investor's sentiments.
Trading up: Life lessons with philanthropist John Arnold
Tue, 17 Jul 2018 10:08:06 GMT
(The writer is a Reuters contributor. The opinions expressed are his own.)
U.S. banks depositors shifting money, asking for higher rates
Mon, 16 Jul 2018 22:07:17 GMT
Slowly but surely, depositors are starting to shift money from basic U.S. bank accounts to products that pay more than a sliver of a percent in interest.
Bank of America profit beats on consumer loan growth, lower expenses
Mon, 16 Jul 2018 21:28:36 GMT
Bank of America Corp reported quarterly profit above analyst expectations on Monday as the second-largest U.S. lender cut expenses and benefited from growth in loans and deposits on the back of a...
Futures Pointing To Roughly Flat Open On Wall Street
Mon, 16 Jul 2018 12:58:36 GMT
The major U.S. index futures are pointing to a roughly flat opening on Monday, with stocks likely to show a lack of direction following the strong upward move seen last week.
Wall Street To Open Broadly Higher
Mon, 16 Jul 2018 12:09:56 GMT
The upcoming earnings report might be the focus of investors in the coming days. Federal Reserve Chairman Jerome Powell's two days of testimony on Capitol Hill also is keenly watched.
SWFs face tougher dealmaking environment as protectionism grows
Sun, 15 Jul 2018 23:12:02 GMT
Sovereign investors are facing a tougher environment for dealmaking as rising protectionism threatens to curb inward investment and stunt trade, suggesting private market activity may have plateaued,...
Stocks May Show A Lack Of Direction Following Recent Volatility
Fri, 13 Jul 2018 12:56:40 GMT
The major U.S. index futures are pointing to a roughly flat opening on Friday, with stocks likely to show a lack of direction following the substantial rebound seen in the previous session.
Stocks May Open Slightly Higher; Earnings Eyed
Fri, 13 Jul 2018 12:23:22 GMT
Stocks look headed for a positive start on Wall Street on Friday, with the focus shifting to earnings reports and other corporate news.
Easing Trade Concerns May Lead To Strength On Wall Street
Thu, 12 Jul 2018 13:01:27 GMT
The major U.S. index futures are pointing to a higher opening on Thursday, with stocks likely to move back to the upside following the pullback seen in the previous session.
Wall Street To Bounce Back
Thu, 12 Jul 2018 12:17:34 GMT
Jobless Claims and Consumer Price Index are the major focus on Thursday. Initial signals from the U.S. Futures suggest that Wall Street might open positive. Asian shares finished higher, while European shares are all up. President Donald Trump, attending the NATO, said U.S. allies agreed to increase defense spending. He also noted that he could probably withdraw from the alliance without congre
Renewed Trade Concerns May Lead To Pullback On Wall Street
Wed, 11 Jul 2018 13:03:24 GMT
The major U.S. index futures are pointing to a sharply lower opening on Wednesday, with stocks likely to give back ground after trending higher in recent sessions.
Wall Street Sees Red
Wed, 11 Jul 2018 12:18:21 GMT
The trade tension between U.S and China, that keep on escalating, is making impact on markets across the globe. The clear signs from the U.S. Futures suggest that Wall Street might open significantly lower.
Earnings Optimism May Lead To Continued Strength On Wall Street
Tue, 10 Jul 2018 12:53:25 GMT
The major U.S. index futures are pointing to a higher opening on Tuesday, with stocks likely to extend the upward trend seen over the past several sessions.
Wall Street All Set To Open Positive
Tue, 10 Jul 2018 12:18:44 GMT
Initial trends on U.S. Futures suggest that Wall Street is all set to open positive. The investors are keenly waiting for the upcoming earnings season. Asian shares finished mostly up, while European shares are trading higher.
Futures Pointing To Continued Strength On Wall Street
Mon, 09 Jul 2018 12:42:52 GMT
The major U.S. index futures are pointing to a higher opening on Monday, with stocks likely to add to the gains posted last week.
Futures Suggest Higher Opening For Wall Street
Mon, 09 Jul 2018 12:17:27 GMT
The oil price changes and geopolitical developments are closely watched by the investors. The U.S. - China trade war might continue to reflect on market sentiments.
Upbeat Jobs Data May Lead To Strength On Wall Street
Fri, 06 Jul 2018 12:55:52 GMT
The major U.S. index futures are pointing to a higher opening on Friday, with stocks likely to extend the upward trend seen over the past several sessions.
Wall Street To Open In Red
Fri, 06 Jul 2018 12:11:15 GMT
The investors are closely following the trade war situation between U.S. and China. The new tariffs on exports would affect more than 500 U.S. items and 800 Chinese items.
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