Smartphone maker Xiaomi to postpone mainland China listing until after Hong Kong IPO
China’s Xiaomi Corp said on Tuesday it will postpone its mainland share offering until after it completes its listing in Hong Kong. Xiaomi said it would submit an application to China’s securities regulator to postpone the ongoing review of its...
Tesla’s stock keeps rising as Elon Musk tweets
Tesla continues to struggle with controversy. Over the weekend, actress Mary McCormack shared a video of her husband’s Tesla car on fire in Southern California. On Monday, the electric car maker’s chairman and CEO, Elon Musk, sent an email to...
Focusing on big bank stocks is ‘missing the whole ballgame’: Analyst Dick Bove
The big bank stocks aren’t having a great year, but there are plenty of opportunities in the banking sector if investors look beyond the largest names, noted analyst Dick Bove told CNBC on Monday. Citigroup is down more than 10...
Investors fret about a trade war, but they aren’t fleeing the stock market
At a conference held by a top investment bank in Manhattan last week, attendees were asked to submit what they thought was the biggest risk to the global economy. When their concerns showed up on the conference screen, these words...
Rent-A-Center shares surge 22% in single day on buyout
Shares of Rent-A-Center soared more than 20 percent on Monday after the rent-to-own retailer announced it is being acquired by Vintage Capital Management. Vintage Capital will pay $15 per share in cash for the company, which went public in 1995....
UAE gives Ethiopia $1 billion lifeline to ease foreign exchange crisis
The United Arab Emirates (UAE) is to deposit $1 billion in Ethiopia’s central bank to ease the latter’s foreign exchange shortage. The sum is part of a total of a $3 billion aid and investment pledge from the UAE to...
Investors still love equities but ‘market fragility’ could be ahead in the second half of 2018
As the second half of the year approaches, investors are looking at what might impact their investments. From trade issues to political uncertainty and central bank policy, there are a number of factors to assess. Nonetheless, the consensus view suggests...
The US should break the German lock on the European economy
Germany may only account for 3.4 percent of the world economy, but it is more than a quarter of the European Union’s demand and output. The EU, in turn, is close to 20 percent of the world economy, and, based...
The bigger cryptocurrencies get, the worse they perform, says global central banking group
Cryptocurrencies are not scalable and are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them, the Bank of International Settlements said on Sunday in its latest warning about the rise of...
Stocks are in ‘reset,’ but these 2 groups could deliver solid profits
The bull market is entering a new phase, but PNC Financial’s Jeffrey Mills believes that’s no reason to get negative on stocks. In an interview on CNBC’s “Futures Now,” the firm’s co-chief investment strategist acknowledged it will be hard to...
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