Elon Musk says Tesla won’t be getting involved with cryptocurrency
Despite tweeting about bitcoin, Elon Musk says his electric car company is steering clear of cryptocurrencies. The world’s first and largest digital currency is “interesting,” and could be a valuable way to transfer money, Musk said in a podcast released...
PayPal CEO predicts digital payments industry will mature into a $100 trillion market
PayPal CEO Dan Schulman told CNBC that the digital payments industry may become a $100 trillion market as the financial technology sector continues to grow rapidly. “It could be, you know, a $100 trillion market,” he said in an interview...
US Treasury yields lower amid US-China trade talks
U.S. government debt prices rose on Tuesday as investors awaited details from the latest round of U.S.-China trade talks. The yield on the benchmark 10-year Treasury note slipped to 3.661 percent, while the yield on the 30-year Treasury bond fell...
IHG full-year room revenue grows on China demand
InterContinental Hotels Group said on Tuesday its full-year room revenue grew as more people checked into its 380 hotels in the Greater China region. The Denham, UK-based owner of brands such as Crowne Plaza, Holiday Inn and InterContinental said revenue...
California AG: At least 13 states suing over Trump’s national emergency
California and a dozen other states are filing a lawsuit challenging President Donald Trump’s national emergency declaration on Monday, California Attorney General Xavier Becerra said. “The president admitted that there’s not a basis for the declaration, he admitted there’s no...
US hedge fund reportedly dumps its entire stake in Barclays
U.S. hedge fund Tiger Global Management has sold all of its stake in British bank Barclays, according to a report by the Financial Times. The New York-based hedge fund had been one of the top 10 investors in Barclays and...
Asia has ‘mitigating factors’ to counter a global growth slowdown, says bank CEO
Global growth is expected to slow in the coming months, but Asian economies could hold up reasonably well, thanks to several “mitigating factors,” according to the chief executive of Southeast Asia’s largest bank. “The overall macro-economy will be a tad...
There’s a worrying split between stocks and bonds, and economists aren’t sure which market is right
The stock market is euphoric over the idea that a trade deal between the U.S. and China will fix the economy and boost earnings. However, the bond market is a different story. There, investors still perceive uncertainty, and even a...
Why California’s new solar mandate could cost new homeowners up to an extra $10,000
Starting next year, every new home built in California will have something extra on top. Recently, California became the first state in the nation to make solar mandatory for new houses. Beginning in 2020, newly constructed homes must have solar...
A money manager is urging investors to shift their portfolios out of stocks amid the rally
Money manager Douglas Gordon is worried about a potentially widespread problem in long-term investors’ portfolios. Gordon, who’s instrumental in building Russell Investments’ asset allocation strategies, believes many investors haven’t rebalanced their portfolios to reflect the historic 2019 stock market rally....
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