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Monthly Archives: October 2018

Senators review FBI probe into Kavanaugh sexual misconduct allegations

Chip Somodevilla | Getty Images News | Getty Images Supreme Court nominee Judge Brett Kavanaugh organizes his desk before testifying to the Senate Judiciary Committee on the third day of his Supreme Court confirmation hearing in the Hart Senate Office Building on Capitol Hill September 6, 2018 in Washington, DC. …

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Snap shares fall after analysts cut price targets, citing Instagram competition

Brendan McDermid | Reuters A banner for Snap Inc. hangs on the facade of the the New York Stock Exchange on the eve of the company’s IPO in New York. Snap’s user engagement will decline as the messaging app’s customers move to other platforms, according to Evercore ISI. The firm …

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The luxury sector is growing faster than many others and Gucci leads

Bertrand Guay | Getty Images Models on the runway at Louis Vuitton’s menswear fashion show at Paris Fashion week, June 2018 Chanel, a new entrant to the list at number 23, has a brand value of $20 billion, after it reported full-year earnings for the first time. It made $9.62 …

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Britain could be seeking ‘an all-UK customs union with the EU’

PAUL FAITH | AFP | Getty Images Traffic passes a Brexit Border poster on the Dublin road Co Armagh border, between Newry in Northern Ireland and Dundalk in the Irish Republic, on December 1, 2017, The European Union will not accept Britain’s Brexit offer if Ireland is not satisfied with …

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US warns companies about security risk to managed service providers

Alex Wong | Getty Images News | Getty Images Jeanette Manfra, the assistant secretary for cybersecurity and communications at the National Protection and Programs Directorate. A U.S. government warning released Wednesday, urging companies to protect against cyber threats from their managed service providers, is another in a long series of …

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Stocks making the biggest moves after hours: Cloudera, Tilray and more

Michael Nagle | Bloomberg | Getty Images Tom Reilly, chief executive officer of Cloudera Inc., stands during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York. Check out the companies making headlines after the bell: Cloudera shares jumped more than …

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These Dow stocks — including Goldman — win big when rates rise

Stephen Lam | Reuters Tim Cook, CEO of Apple, smiles during a demonstration of the newly released Apple products following the launch event at the Steve Jobs Theater in Cupertino, California, September 12, 2018. Interest rates are surging with the benchmark U.S. 10-year Treasury note yield hitting levels not seen …

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Presidential alert tests from FEMA and FCC begin Wednesday afternoon

Leah Millis | Reuters President Donald Trump talks to reporters on the South Lawn of the White House in Washington, October 2, 2018. There’s a good chance that Wednesday afternoon, around 2:18 p.m. ET, your phone will sound an alarm and receive a message that says “Presidential Alert.” Don’t worry …

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‘I don’t even know what to say about Snap — it’s that bad’

Snap’s poor leadership is among the reasons the social media stock has tanked more than 50 percent since last year’s initial public offering, CNBC’s Jim Cramer said Wednesday. “I don’t even know what to say about Snap,” Cramer said on “Squawk on the Street.” It’s that bad.” Cramer’s charitable trust …

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WTO sees technology adding one third to annual trade by 2030

Fabrice Coffrini | Getty Images Roberto Azevedo, the WTO’s new leader. Technology and innovation will increase global trade by 1.8-2.0 percentage points annually until 2030, the head of the World Trade Organization wrote in a report published on Wednesday. Blockchain, artificial intelligence, the internet of things, 3D printing, and other …

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