Nearly two-thirds of CFOs say US trade policy will hurt their companies over the next 6 months
As the United States teeters on the brink of a tit-for-tat trade war with China and a growing number of allies, President Donald Trump’s insistent push for policy changes is causing a full-swing rattle in global markets and among business...
Qualcomm among cornerstone investors for Xiaomi’s $6.1 billion Hong Kong IPO
Chinese smartphone maker Xiaomi has lined up $548 million from seven cornerstone investors including U.S. chipmaker Qualcomm for its Hong Kong IPO of up to $6.1 billion, according to a term sheet seen by Reuters. Xiaomi, which also makes internet-connected...
Why bitcoin made a comeback after the South Korean exchange hack
Bitcoin made a comeback despite crashing after a recent hack on a South Korean exchange, and two cryptocurrency traders explained why it rebounded. Charlie Lee, the founder of Litecoin, a global decentralized currency that is based on blockchain technology, said...
This is how much it costs to detain an immigrant in the US
The Trump administration’s zero tolerance policy for illegal immigration is shining a spotlight on U.S. detention efforts. Recent government handout images show children lying on the ground with Mylar blankets in kennel-like wire cages. Audio obtained by ProPublica captures children...
Saudi Arabia, Argentina to be part of MSCI emerging markets index
Index provider MSCI said on Wednesday it will reclassify Argentina as an emerging market and start including Saudi Arabia in that classification, sharply broadening the investor base for both countries in a move that could be supportive of their local...
After-hours buzz: BNED, HPQ & more
Check out the companies making headlines after the bell: Shares of Barnes & Noble shot up nearly 8 percent in after-hours trading. The popular bookseller chain saw its sales and earnings rise significantly in its fourth quarter. HP shares gained...
Mick Mulvaney says CFPB can’t be a ‘gold-standard’ agency while it’s still ‘Elizabeth Warren’s baby’
The acting director of the Consumer Financial Protection Bureau says until the agency breaks out of Senator Elizabeth Warren’s shadow, it cannot operate as a “gold-standard” regulator. “We are still Elizabeth Warren’s baby,” CFPB Acting Director Mick Mulvaney said at...
The AT&T-Time Warner ruling is making the Murdoch family billions of dollars richer
In December, Rupert Murdoch decided a $52 billion offer from Disney fairly valued his bundle of Fox assets. Now he’s staring at a bid that’s almost $20 billion higher. On Wednesday, Disney increased its cash and stock proposal to $71.3...
US existing home sales fall for second straight month
U.S. home sales unexpectedly fell in May as an acute shortage of properties on the market pushed house prices to a record high. The National Association of Realtors said on Wednesday that existing home sales slipped 0.4 percent to a...
Nantucket home prices hit new records
Vacation home sales on the tiny, toney island of Nantucket, a beach resort off the coast of Massachusetts, are seeing new life, and their prices are off the charts. If the first quarter is any indication, the dollar volume of...
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