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Monthly Archives: January 2018

UBS shares its ‘highest conviction’ stock ideas for 2018

J. Pat Carter | Getty Images A Halliburton oil well fielder works on a well head at a fracking rig site January 27, 2016 near Stillwater, Oklahoma. UBS unveiled its favorite stock picks to its clients, predicting big gains for several stocks this year. The firm screened “for upside to …

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Senators used a ‘talking stick’ during shutdown negotiations

J. Scott Applewhite | AP Sen. Susan Collins, R-Maine, who moderated bipartisan negotiations in her office to break the government shutdown stalemate, describes the power of the centrists and her efforts to keep the talks civil, during a TV news interview on Capitol Hill in Washington, Tuesday, Jan. 23, 2018. …

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Apple HomePod won’t support stereo, multi-device playback at launch

Getty Images A prototype of Apple’s new HomePod is displayed during the 2017 Apple Worldwide Developer Conference (WWDC) at the San Jose Convention Center on June 5, 2017 in San Jose, California. Apple’s HomePod smart speaker won’t have all its advertised features when it launches in February. For instance, it …

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US appeals court upholds ruling invalidating Johnson & Johnson patent

Mel Evans | AP A cheaper version of J&J’s top-selling drug, the rheumatoid arthritis treatment Remicade, could be available in the U.S. two years early after a federal judge ruled a key patent on the drug invalid. A U.S. appeals court on Tuesday upheld a ruling that invalidated a crucial …

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Bitcoin is now higher, reversing earlier losses that brought it below $10,000

Bitcoin jumped more than 10 percent Tuesday from session lows of below $10,000. The digital currency climbed to $11,277 in late morning trading, up 13 percent from a low of $9,972.29 hit early Tuesday morning, according to CoinDesk’s bitcoin price index, which tracks prices from digital currency exchanges Bitstamp, Coinbase, …

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Goodbye oil, Saudi Arabia’s future economic growth will come from its mega-cities

David Degner/Getty Images A scale model showing the plans for the eventual size of the King Abdullah Economic City on April 07, 2016 in Jeddah, Saudi Arabia. The King Abdullah Economic City (KAEC) is a massive project to create a port and manufacturing city on the Red Sea Al Rasheed …

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Timing of Trump peace plan depends on Palestinians: Pence

Ronen Zvulun | AFP | Getty Images US Vice President Mike Pence speaks during a meeting with the Israeli President at the presidential compound in Jerusalem on January 23, 2018. U.S. Vice President Mike Pence said on Tuesday the timing of a long-awaited U.S. Middle East peace initiative depended on …

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Trump’s solar tariffs could slow down rapid renewable job growth

The solar power industry — which has created tens of thousands of jobs in recent years — is bracing for a shakeup after President Donald Trump slapped tariffs on imported solar panels and modules. The impact of the trade penalties remains uncertain. The manufacturers that requested a trade investigation last …

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Brazil believes its growth rate will be double the IMF’s forecast

Cris Faga | LatinContent | Getty Images Members of the Roofless Movement protest againts economic reforms proposed by President Michel Temer at Paulista Avenue in Sao Paulo on June 30, 2017. Brazil’s GDP did show signs of recovery in the fourth quarter of 2017 for the first time after suffering …

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Uber’s ‘moral compass’ under Travis Kalanick was off: CEO Khosrowshahi

Adam Galica | CNBC Dara Khosrowshahi, CEO of Uber speaking at the 2018 WEF in Davos, Switzerland on Jan. 23rd, 2018. Khosrowshahi, formerly CEO at online travel company Expedia, replaced Kalanick as CEO in August. “In the end, the CEO of the company has to take responsibility. I think a …

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