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Monthly Archives: December 2017

Facebook to book advertising revenue locally amid political pressure

Chris Ratcliffe | Bloomberg | Getty Images A visitor enters the Facebook Inc. European headquarters in Dublin, Ireland. Social media giant Facebook said on Tuesday it would start booking advertising revenue locally instead of re-routing it via its international headquarters in Dublin although the move is unlikely to result in …

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Fox, Disney on ‘glide path’ for Thursday deal announcement: Sources

21st Century Fox and Disney are on a “glide path” for a Thursday deal announcement, sources familiar with the deal said. Disney became the sole suitor after Comcast dropped its bid for the majority of Fox assets on Monday. A week ago, CNBC reported that Disney and the Rupert Murdoch-controlled …

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Verizon will launch over-the-top service, Nomura Instinet predicts

Verizon will leave its earnings “plateau” behind in 2018 thanks to an over-the-top platform launch by year’s end, according to Nomura. “After three years of stable to declining earnings per share – Verizon’s self-described ‘plateau’ – we think the company is finally poised to resume earnings per share growth,” wrote …

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Bitcoin futures fall on second day of trading on very low volume as interest wanes

Dan Kitwood | Getty Images A visual representation of the digital Cryptocurrency, Bitcoin on October 24, 2017 in London, England. Bitcoin futures fell in low volume Tuesday in their second day of trading on the Cboe Futures Exchange. Trading volume in the most popular contract, which expires in January, was …

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San Francisco Mayor Ed Lee dies at age 65

Bloomberg | Getty Ed Lee, mayor of San Francisco, speaks during a news conference outside City Hall after the U.S. Supreme Court same-sex marriage ruling in San Francisco, California, U.S., on Friday, June 26, 2015. Same-sex couples have a constitutional right to marry nationwide, the U.S. Supreme Court said in …

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Trump slams Gillibrand in bizarre, suggestive tweet

Getty Images Sen. Kirsten Gillibrand (D-NY) speaks during a news conference December 6, 2017 on Capitol Hill in Washington, DC. President Donald Trump slammed Sen. Kirsten Gillibrand in a bizarre tweet Tuesday morning, a day after the New York Democrat urged him to resign because of sexual misconduct accusations. Trump …

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Australia politician Sam Dastyari quits over China ties

Lintao Zhang | Getty Images Chinese President Xi Jinping (right) shakes hands with Australian Prime Minister Malcolm Turnbull at the G20 Summit in Hangzhou, China, on September 4, 2016. Beijing has since filed a complaint with Canberra, while the Chinese embassy in Australia also posted a retaliatory statement. According to …

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commodities forecast to deliver bumper returns in 2018

Krisztian Bocsi | Bloomberg | Getty Images Copper smelting at a metal refinery in Hamburg, Germany. Goldman Sachs is expecting the commodities sector to generate returns of almost 10 percent next year, more than other assets over the long run. Robust demand growth for raw materials worldwide should underpin the …

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‘One of our attorneys is a Jew’

Getty Images Republican candidate for U.S. Senate Judge Roy Moore speaks as his wife Kayla Moore looks on during a news conference with supporters and faith leaders, November 16, 2017 in Birmingham, Alabama. The wife of embattled Alabama Senate candidate Roy Moore fought back against accusations that her husband doesn’t …

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Tax cuts and rate hikes on the way

The new Federal Reserve boss will be the same as the old boss when it comes to monetary policy and President Donald Trump’s tax cuts will pass and add half a point to growth. Those are among the findings of this month’s CNBC Fed Survey, coming at a time of …

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