Economic growth for second quarter is on track to double 2017’s full-year pace
The U.S. economy is heating up as the year progresses, with the second quarter pointing toward some of the gaudy growth that President Donald Trump predicted when he was running for office. In its most recent forecast, the Atlanta Fed...
Trump’s economic stimulus will fade in 2020, when Wile E. Coyote will ‘go off the cliff,’ Bernanke says
The economic effect of President Donald Trump’s $1.5 trillion tax cut and $300 billion bump in federal spending will wear off in two years and then “in 2020 Wile E. Coyote is going to go off the cliff,” former Federal...
How Ant Financial grew larger than Goldman Sachs
Alibaba affiliate Ant Financial is now reportedly worth more than Goldman Sachs, thanks largely to dominance in two trends that have swept China: mobile payments and money market funds for consumers. Ant Financial announced Friday Beijing time that it raised...
Tesla shorts feel more pain after bullish analyst call brings gain to 10% on week
A bullish call from a Wall Street analyst capped off a rough week for Tesla short sellers, with Nomura Instinet advising clients that the electric carmaker’s shares could rally 42 percent over the next year. The stock rose 1.7 percent...
Jack Ma’s Ant Financial will use some of the $14 billion it just raised to boost blockchain development
Ant Financial, a subsidiary of Jack Ma’s e-commerce giant Alibaba, is using some of the $14 billion treasure chest it just raised to invest in blockchain. Ant Financial owns and operates China’s largest online and mobile payments network Alipay. The...
Your first trade for Friday, June 8
The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Target. Tim Seymour was a buyer of Yandex. David Seaburg was a buyer of Advanced Micro Devices. Guy Adami was a buyer...
Britain’s FCA goes ahead with disputed ‘Aramco’ listing rule
Britain’s markets watchdog will press ahead with a new premium listing next month aimed at attracting companies like state-controlled Saudi Aramco to London, although the rules have been “refined” following investor criticism. The Financial Conduct Authority’s initial proposal last year...
Stocks making the biggest moves premarket: VZ, AAPL, SFIX, PM, FB & more
Check out which companies are making headlines before the bell: Verizon – Verizon named chief technology officer Hans Vestberg as its new CEO effective August 1, replacing Lowell McAdam, who will remain as executive chairman through the end of the...
Japan, US are working on their first trade talks in July under new framework
Japan and the United States are working to hold their first bilateral trade talks under a new framework in July, Japan’s Foreign Ministry said, in a sign Washington may ratchet up pressure on Tokyo to open up its markets. U.S....
Japan’s economy contracted as expected in the first quarter
Japan’s economy contracted at an annualized rate of 0.6 percent in January-March, unchanged from a preliminary estimate issued last month, revised gross domestic product data from the Cabinet Office showed on Friday. The result compared with the median estimate of...
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