EU News Digest Latest News & Updates
Issei Kato | Reuters Passersby are silhouetted as a huge street monitor broadcasts news reporting ousted Nissan Motor chairman Carlos Ghosn’s indictment and re-arrest in Tokyo, Japan December 10, 2018. Ousted Nissan chairman Carlos Ghosn is set to make his first public appearance in seven weeks at a Tokyo court …
Read More »Yearly Archives: 2019
White House advisor Kudlow says Apple technology may have been ‘picked off’ by China
Adam Jeffery | CNBC Larry Kudlow, Director of the National Economic Council, speaking at the New York Economic Club in New York on Sept. 17th, 2018. Larry Kudlow, the director of the National Economic Council, said Friday that Apple’s technology may have been stolen by the Chinese. “I don’t want …
Read More »Goldman says Netflix is one of its favorite trades for 2019
Robyn Beck | AFP | Getty Images Netflix CEO Reed Hastings gives a keynote address, January 6, 2016 at the CES 2016 Consumer Electronics Show in Las Vegas, Nevada. After a sell-off cut its value by a third, Netflix represents one of the most compelling investments available in the internet …
Read More »Hudson’s Bay chairman’s firm to buy Ontario pension fund stake in retailer
Rick Madonik | Toronto Star | Getty Images Saks Fifth Avenue is poised to open in Toronto as the company takes over the former Hudson Bay Company flagship store at Queen Street and Yonge Street in downtown Toronto. An entity controlled by Hudson’s Bay Chairman Richard Baker will buy the …
Read More »Goldman Sachs boosts rates on Marcus accounts as banks fight for deposits
Christopher Goodney | Bloomberg | Getty Images Employees work on the Marcus by Goldman Sachs Group Inc. floor of the bank’s headquarters in New York, U.S., on Tuesday, Nov. 22, 2016. The stock market may be tanking lately, but at least savers are getting paid more to park their money. …
Read More »Bank of America upgrades Intel, says it will outperform large-cap peers in 2019
Justin Sullivan | Getty Images The Intel logo is displayed outside of the Intel headquarters in Santa Clara, Calif. Bank of America upgraded Intel to buy from neutral on Friday, saying the chipmaker is slated to outperform its large-cap peers in 2019. “Trading at just 10 times price to earnings, …
Read More »Tesla to start delivering Model 3 to China buyers in March
Stephen Lam | Reuters A parking lot of predominantly new Tesla Model 3 electric vehicles is seen in Richmond, California, U.S. June 22, 2018. Tesla said on Friday it plans to start delivering Model 3 cars to customers in China in March, cementing a time frame that the U.S. electric …
Read More »Apple must respect local court order
Wang Zhao | AFP | Getty Images A man is reflected on a screen showing the iPhone XR at an Apple store in Beijing on January 3, 2019. A national Chinese anti-counterfeit alliance called on Apple on Thursday to comply with a court order banning sales of some iPhones in …
Read More »Southwest Airlines founder Herbert Kelleher dies at age 87
Pam Francis | Getty Images Herb Kelleher, Southwest Airlines co-founder and former CEO Southwest Airlines founder and chairman emeritus Herbert D. Kelleher passed away on Thursday at the age of 87, the company announced. “Herb was a pioneer, a maverick, and an innovator,” the company said in a statement. “His …
Read More »Apple’s woes show US and China are both taking hits in trade war
The Dow closed Thursday down 2.8 percent, or 660.02 points, at 22,686.22. “You look at things like the new orders data, which has been trending lower not just in the U.S. but globally. That is reflecting weaker growth expectations by manufacturers in the U.S. and part of those are attributed …
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