Home / 2018 / February (page 30)

Monthly Archives: February 2018

JD.com to raise $2.5 billion for a stake in its logistics business

Michael Nagle | Bloomberg | Getty Images Richard Liu, founder and chairman of JD.com, during an IPO ceremony at the Nasdaq MarketSite in New York, U.S., on May 22, 2014. JD.com said it had raised $2.5 billion by selling a stake in its logistics business, which it will use to …

Read More »

Russia, China developing ‘destructive’ space weapons: US intelligence

Donat Sorokin | TASS | Getty Images A Soyuz 2.1a rocket booster launches from Russia’s Vostochny Cosmodrome. The Soyuz 2.1.a was set to deliver Russian Kanopus-V No3 and No4 remote sensing satellites and 9 small satellites to orbit. Anti-satellite weapons, which include ballistic missiles, are designed to damage space-based systems. …

Read More »

South African police raid Gupta home ‘crime scene’

Gallo Images | Getty Images Businessmen Ajay and Atul Gupta with Duduzane Zuma, son of South Africa’s president Jacob Zuma in Johannesburg in 2011 An elite South African police unit raided the home of the Gupta family, wealthy friends of President Jacob Zuma, on Wednesday as part of an investigation …

Read More »

South Korea vows action against illegal, unfair cryptocurrency trading

Seung-il Ryu | NurPhoto | Getty Images A screen showing prices of bitcoin at a Cryptocurrency exchange store in Seoul on December 15, 2017. South Korea said on Wednesday it will take firm action against illegal and unfair acts in cryptocurrency trading after a petition with 280,000 signatures was sent …

Read More »

US used lizards to spy on Iran, official claims

GIANLUIGI GUERCIA/AFP/Getty Images A Namibian desert chameleon on the outskirts of Swakopmund, Namibia. Lizards with the ability to “attract atomic waves” were reportedly used by Western spies to gain intelligence on Iran’s nuclear program, a high-ranking Tehran official has claimed. Hassan Firuzabadi, senior military advisor to Iran’s supreme leader, Ayatollah …

Read More »

Trump donates fourth-quarter salary to Transportation Department in infrastructure push

Jim Watson | AFP | Getty Images President Donald Trump speaks from the Oval Office of the White House in Washington, DC, on January 23, 2018. President Donald Trump is donating his fourth-quarter salary in 2017 to the Transportation Department to help address the nation’s infrastructure. Transportation Secretary Elaine Chao …

Read More »

Uber’s loss jumped 61 percent to $4.5 billion in 2017

Adriano Machado | Reuters The chief executive of Uber Technologies, Dara Khosrowshahi. Uber has just revealed its fourth-quarter financial results, which show that the ride-hailing company’s loss jumped 61 percent in 2017. The company lost $4.5 billion last year, up from $2.8 billion in 2016, according to figures first reported …

Read More »

Under Armour just had one of its best days ever but ‘we wouldn’t touch it with a 10-foot pole,’ says trader

Under Armour just had one of its best days ever, but one market watcher warns investors not to buy the hype. “In Vegas this is what they call a sucker bet,” Mark Tepper, president of Strategic Wealth Partners, told CNBC’s “Trading Nation” on Tuesday. “We don’t see very many positives. …

Read More »

White House reportedly considering Mester for Fed vice chair

David Paul Morris | Bloomberg | Getty Images Loretta Mester, president and chief executive officer of the Federal Reserve Bank of Cleveland. Cleveland Federal Reserve President Loretta Mester is in the running to become the central bank’s vice chair, The Wall Street Journal reported Tuesday. Citing people familiar with the …

Read More »

Most important inflation report in a decade could be a dud

Inflation has been scaring the markets, and investors have been bracing for a CPI report Wednesday that could send interest rates flying and stocks diving. But some market pros say there may be just too much hype about this number, even though some concede the audience for this particular January …

Read More »