US-China trade war is political and short term, says Chinese private equity fund
Relations between China and the U.S. have the potential derail global economic growth, but the ongoing tariff fight is a political matter between U.S. President Donald Trump and Chinese President Xi Jinping, said a major Chinese private equity fund company....
SEC’s Clayton needs to see key upgrades in cryptocurrency markets before approving a bitcoin ETF
Cryptocurrency enthusiasts have been eagerly awaiting the approval of what would be the first-ever bitcoin exchange-traded fund, or ETF. But the man largely behind greenlighting one — Securities and Exchange Commission Chairman Jay Clayton — has a few worries that...
NYC deputy mayor to Alexandria Ocasio-Cortez and other critics: Amazon HQ2 deal won’t be stopped
New York Deputy Mayor Alicia Glen sent a message Tuesday on CNBC to critics hoping to curtail $1.5 billion in tax incentives used to lure Amazon’s so-called HQ2 to the city: “This deal is not going to get stopped.” When...
Amazon HQ2 critics are ‘misinterpreting’ the deal: New York Deputy Mayor Alicia Glen
New York Deputy Mayor Alicia Glen sent a message Tuesday on CNBC to critics hoping to curtail $1.5 billion in tax incentives used to lure Amazon’s so-called HQ2 to the city: “This deal is not going to get stopped.” When...
Robinhood hires Amazon veteran as CFO — a key step in its path to eventual IPO
Robinhood just got one step closer to an initial public offering. The stock-trading platform hired Amazon veteran Jason Warnick as its first-ever chief financial officer, Robinhood announced in a blog post. The company had been looking to fill the role...
United Technologies’ CEO thinks the Fed should keep raising interest rates
Count United Technologies CEO Gregory Hayes among corporate executives not afraid of the Federal Reserve’s intentions to keep hiking interest rates. In fact, he told CNBC’s “Squawk on the Street” on Tuesday that he has greater fear over what would...
Global wage growth lowest in a decade as UK falls behind advanced economies
Global wage growth fell to its lowest in almost a decade last year, with the U.K. seeing weaker wage growth than any other advanced G-20 nation. Published Monday, the International Labour Organization (ILO)’s Global Wage Report found that international wage...
Home price gains shrink to the lowest level since January 2017: September S&P Case-Shiller index
Home values are still rising, but the gains have now shrunk to the lowest level since January 2017, as rising mortgage rates cut into affordability. Prices increased 5.5 percent annually in September, down from 5.7 percent in August, according to...
Fed’s Clarida says interest rates are ‘much closer’ to neutral
Federal Reserve Vice Chairman Richard Clarida expressed a cautious view Tuesday about how the central bank should proceed in raising interest rates. The Federal Open Market Committee’s newest member, in a speech delivered to bankers in New York, emphasized the...
United Technologies plans to separate into 3 companies
United Technologies announced late Monday that it intends to separate into three companies: United Technologies, Otis and Carrier. The company also said it has completed its acquisition of Rockwell Collins and combined that business with UTC Aerospace Systems to form...
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