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Monthly Archives: December 2017

Sibanye-Stillwater to buy platinum producer Lonmin

Waldo Swiegers | Bloomberg via Getty Images A worker walks past the Marikana platinum mine, operated by Lonmin Plc, in Marikana, South Africa, on Monday, Nov. 9, 2015. South Africa’s Sibanye-Stillwater has agreed to buy Lonmin, valuing the troubled platinum producer at about 285 million pounds ($382.47 million), the two …

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IBM teams up with Samsung, JPMorgan to develop quantum computing

Getty Images IBM Chairman, President and CEO Ginni Rometty arrives for her keynote address at CES 2016 January 6, 2016 in Las Vegas. IBM has teamed up with major companies including Samsung, JPMorgan, and Barclays, to develop quantum computing for commercial use, the U.S. technology giant announced Thursday. Those firms …

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Deregulation, global stock rally to ‘propel’ Morgan Stanley

Qilai Shen | Bloomberg | Getty Images James Gorman, chief executive officer of Morgan Stanley Deregulation and a global equity bull market will propel Morgan Stanley in the new year, according to Keefe, Bruyette & Woods, which specializes in coverage of the financial sector. With major changes expected to the …

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JPMorgan lifts IMAX box office estimates

David M. Benett | Dave Benett | WireImage | Getty Images Daisy Ridley (L) and Mark Hamill attend the European Premiere of ‘Star Wars: The Last Jedi’ at the Royal Albert Hall on December 12, 2017 in London, England. Disney’s “Star Wars: The Last Jedi,” which premieres in U.S. theaters …

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Star Wars and the Fox deal could be the ‘shot in the arm’ Disney needs

Disney shares could see a boost on the heels of the reported deal between the company and Twenty-First Century Fox as well as the release of the newest “Star Wars” film, some strategists say. The deal between the two companies — which sources told CNBC would value Fox assets at …

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China’s November data on fixed-asset investment, industrial production, retail sales

China Photos | Getty Images Children holding Chinese national flag play in Tiananmen Square in Beijing, China. China’s fixed-asset investment growth slowed to 7.2 percent in the January-November period, while industrial output expanded at a faster pace than markets had expected. Analysts polled by Reuters had correctly predicted investment growth …

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Interest rates to increase in 2018

DoubleLine Capital CEO Jeffrey Gundlach sees interest rates continuing to rise into 2018 as the Federal Reserve moves to tighten monetary policy and Republicans push tax cuts. “It seems to me that interest rates should continue to rise as we move into 2018,” Gundlach said during CNBC’s “Halftime Report” on …

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Net neutrality rules look doomed — will consumers pay?

Getty Images Demonstrators, supporting net neutrality, protest a plan by the Federal Communications Commission (FCC) to repeal restrictions on internet service providers during a protest outside a Verizon store on December 7, 2017 in Chicago, Illinois. Crushing that competition, she said, opens the door for fewer companies with more control …

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Rivals compete for control of empty Sri Lanka airport

LAKRUWAN WANNIARACHCHI/AFP/Getty Images The international airport at Hambantota, Sri Lanka. Sri Lanka has long had deep ties with New Delhi, but it’s fallen into China’s orbit in recent years, with the country a key member of Beijing’s wide-ranging “Belt and Road” infrastructure project. India, which isn’t a member,is wary the …

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Fed chief Yellen says bitcoin is a ‘highly speculative asset’

Jonathan Ernst | Reuters U.S. outgoing Federal Reserve Chair Janet Yellen holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. In response to a separate question, the Fed chair said some global central banks are looking at experimenting with their …

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