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Monthly Archives: November 2017

US sanctions Venezuelan officials, alleging election fraud

Jose Issac Bula Urrutia | Reuters People check the information on a polling station during a nationwide election for new governors in Maracaibo, Venezuela, October 15, 2017. The Trump administration sanctioned 10 current and former Venezuelan government officials on Thursday, alleging connections to various government corruption charges in the wake …

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UBS initiates Workday coverage at sell

Brendan McDermid | Reuters Workday co-founders and co-CEOs Aneel Bhusri (left) and Dave Duffield (center) applaud their company’s first trade after their IPO at the New York Stock Exchange on Oct. 12, 2012. Increased competition and slowing cloud adoption rates will undercut growth for the human resources software maker Workday, …

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Wholesale inventories rise 0.3 percent, meeting expectations

Daniel Acker | Bloomberg | Getty Images A crop consultant uses a forklift to sort Monsanto DeKalb brand seed corn at the Crop Production Services warehouse in Manlius, Illinois. U.S. wholesale inventories increased 0.3 percent in September, on par with analysts’ estimates, while the strong growth in August was revised …

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Alibaba’s Singles’ Day lures more global brands

For Alibaba, the future is retail. And a lot of it. This Saturday, the Chinese e-commerce giant will hold its annual Singles’ Day event, which last year grossed a whopping $17.8 billion in sales, up from $14.3 billion in 2015. To put those sales figures into perspective, Singles’ Day has …

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AT&T would win a fight with the government over Time Warner deal, analyst says

Saul Loeb | AFP | Getty Images Randall Stephenson, Chairman and CEO of AT&T Gallant compared the saber-rattling over the Turner properties to President Dona’d Trump’s earlier threat to pull the broadcasting license of CNBC-parent NBC over what he deemed as unfair news coverage. Trump has a notoriously contentious relationship …

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Trump in Beijing talks US-China trade deficit

Pool | Getty Images Chinese President Xi Jinping and U.S. President Donald Trump attend a welcoming ceremony November 9, 2017 in Beijing, China. The president said the current relationship between the two countries is a “very one-sided and unfair one.” “But, but, I don’t blame China,” Trump added to scattered …

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A leading indicator for stocks is breaking down

One leading indicator for the equity market is breaking below a key support level, a move that could have negative implications for stocks. The iShares high-yield corporate bond exchange-traded fund, the HYG, has fallen below its 200-day moving average, which it had held above for much of this year. This …

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Self-driving shuttle in Las Vegas got into an accident on its first day

Jason Ogulnik | The Washington Post | Getty Images A Navya Arma autonomous electric shuttle prepares to move along Fremont Street in downtown Las Vegas, U.S., on January 14, 2017. A Las Vegas-based self-driving shuttle service celebrated its launch day by getting into an accident with a human driver, according …

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EU Commission sees Greek primary surplus at 3.9% GDP in 2018

Kostas Tsironis | Bloomberg | Getty Images A protestor holds a banner outside the Greek parliament during in a demonstration by municipal contract workers in Athens, Greece, on Thursday, June 29, 2017. Greece’s primary surplus is likely to rise to 3.9 percent of GDP, beating a target of 3.5 percent, …

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Regulating A.I. is a ‘silly idea,’ VMWare CEO Pat Gelsinger says

Horacio Villalobos | Corbis | Getty Images Pat Gelsinger , CEO, VMware. Trying to regulate artificial intelligence (AI) is a “silly idea,” Pat Gelsinger, CEO of VMWare told CNBC Wednesday, amid continued debate about the role of the technology in the future. VMWare is a cloud computing and software virtualization …

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