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Monthly Archives: January 2019

Tesla downgraded to underperform by RBC on the ‘Elon premium’

Robyn Beck | Pool | Reuters Tesla founder Elon Musk speaks at the unveiling event by “The Boring Company” for the test tunnel of a proposed underground transportation network across Los Angeles County, in Hawthorne, California, December 18, 2018. Tesla was downgraded to underperform by RBC Capital, which said that …

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Dimon says US and China will agree on enough to extend trade deal deadline in March

Adam Galica | CNBC Jamie Dimon, Chairman, CEO and President of JP Morgan Chase at the 2018 WEF in Davos, Switzerland. J.P. Morgan CEO Jamie Dimon believes the U.S. and China will reach an agreement before the the start of March to extend the trade negotiation deadline. “I think they’ll …

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Standard Chartered CEO Bill Winters: Temasek ‘very supportive’

Qilai Shen | Bloomberg | Getty Images Bill Winters, chief executive officer of Standard Chartered Bank.  “They have been a very supportive shareholder throughout,” he told CNBC’s Geoff Cutmore at the World Economic Forum in Davos, Switzerland. “We have an extremely active dialogue with all of our large shareholders, of …

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Davos talks up the future of blockchain

Yu Chun Christopher Wong | S3studio | Getty Images A visual representation of the digital Cryptocurrency, Bitcoin, is seen on September 04 2018 in Hong Kong, Hong Kong. The price of bitcoin could nosedive to zero, a top investor in the crypto space told CNBC during a debate, which focused on …

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Boeing takes step in developing Uber Air with successful test flight

Frederic Stevens | Getty Images The Boeing B737 Max 9 on June 20, 2017. Boeing is coming closer to making its flying taxis for Uber a reality with the launch of its first successful test flight. Boeing executives are convinced they are on the right path to developing on-demand autonomous …

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Rate of Americans without insurance rises to 4-year high, survey

Linda Davidson | The Washington Post | Getty Images The waiting room at Mary’s Center in Washington, DC on February 24, 2014. Mary’s Center is a non-profit health center for the underserved, uninsured or underinsured. The percentage of U.S. adults without health insurance reached a four-year high in the last …

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One of the world’s largest crypto exchanges looks to go public in U.S. in reverse merger

Blockchain Exchange Alliance acquired a controlling interest in Bithumb Holdings and as a result now has a controlling interest in Bithumb Korea, according to the documents. The Seoul-based exchange is the second-largest by exchange volume, according to Coinmarketcap.com, and was the largest as of November 2018, according to a recent …

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Charts reveal buying opportunities in some Chinese stocks

The stocks of a few top-notch Chinese companies may have already bottomed as a result of the U.S.-China trade dispute and could soon be buying opportunities for investors, a top chartist tells CNBC’s Jim Cramer. Cramer, who has been steering investors away from Chinese stocks for the better part of …

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Economy at slowest pace of Trump term, but recession not likely this year

The U.S. economy is likely growing at the slowest pace since President Donald Trump took office, but it is not yet heading for a recession as some fear, economists said Worries about a global recession were fed this week by the 2018 GDP report from China, showing the slowest annual …

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Department of Labor accuses Oracle of discrimination

David Paul Morris | Bloomberg | Getty Images Mark Hurd, co-chief executive officer of Oracle Corp., speaks during the Oracle OpenWorld 2018 conference in San Francisco, California, U.S., on Tuesday, Oct. 23, 2018. The U.S. Labor Department accused Oracle of wage discrimination practices that cost female and minority employees $400 …

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