Home / 2018 / June (page 14)

Monthly Archives: June 2018

In boardrooms, there’s a real fear that Italy could leave the euro zone

PIERO CRUCIATTI | AFP | Getty Images Lega far right party leader Matteo Salvini gestures during a press conference held at the Lega headquarter in Milan on March 5, 2018. Italy’s battle with Brussels has triggered fears among executives that continental Europe’s third biggest economy will soon vote to leave …

Read More »

Trade war: China could hit Dow-listed firms over trade

Thomas Peter-Pool | Getty Images News | Getty Images U.S. President Donald Trump and China’s President Xi Jinping meet business leaders at the Great Hall of the People on November 9, 2017 in Beijing, China. China could hit back at U.S. firms listed on the Dow Jones Industrial Average if …

Read More »

Trump’s trade fights have cost the stock market trillions and raised volatility

For a president that has otherwise been extremely friendly to business and stocks, new research by CNBC shows Mr. Trump’s trade policies have cost markets trillions of dollars and created head-spinning volatility. There have been 35 moves of 1 percent or more in the Dow Jones industrial average so far …

Read More »

Apple signs multi-series order with Sesame Workshop

Michael Brochstein | SOPA Images | LightRocket | Getty Images Zoe, Elmo and The Count at the Sesame Workshop’s 16th Annual Benefit Gala at Cipriani in New York City in May. Apple will partner with Sesame Workshop, the non-profit media organization behind “Sesame Street,” to create children’s programming for the …

Read More »

Tesla sues former employee for allegedly stealing gigabytes of data, making false claims to media

Justin Chin | Bloomberg | Getty Images Elon Musk, CEO of SpaceX and Tesla Tesla is suing a former employee for allegedly exporting gigabytes of confidential data, according to a lawsuit filed in Nevada on Wednesday. The electric car maker said it is only beginning to understand all of former …

Read More »

Chinese investment in the US drops 90% amid political pressure

Chinese acquisitions and investments in the U.S. fell 92 percent to just $1.8 billion in the first five months of this year, consulting and research firm Rhodium Group said Tuesday. Counting divestitures, net Chinese deal flow to the U.S. during that time was a negative $7.8 billion, the report said. …

Read More »

Migrant kids’ ‘tent cities’ cost more than detaining families: Report

ACF | HHS | Reuters Occupants at Casa Padre, an immigrant shelter for unaccompanied minors, in Brownsville, Texas, U.S., are seen in this photo provided by the U.S. Department of Health and Human Services, June 14, 2018. It costs $775 per person per night to keep the newly separated children …

Read More »

Maxed out your 401(k) plan? Here’s another way to save

Thomas M. Barwick | Getty Images Retiring baby boomers will more than double Medicare and Medicaid costs by 2020, according to industry data. Retirement savers who have contributed the maximum to their 401(k) plans don’t have to look far for the next big growth opportunity for nest eggs: It’s right …

Read More »

Reportedly buying AppNexus, Otter Media

Patrick T. Fallon | Bloomberg | Getty Images Randall Stephenson, CEO, AT&T It looks like AT&T has begun its buying spree on the heels of a favorable ruling in the Time Warner antitrust case. The company’s top executives have said the telecom giant would pursue several smaller deals to round …

Read More »

Buy beaten-down Citi shares ahead of stress test results and earnings, Deutsche Bank says

Deutsche Bank upgraded Citigroup shares to buy from hold, noting the stock could get a boost from beaten-down levels given upcoming stress test results and a better business environment. Citi shares are down 17 percent from their 52-week high hit in late January, underperforming Bank of America and J.P. Morgan …

Read More »