Nelson Ching/Bloomberg via Getty Images Robert Shiller, professor of economics at Yale University, speaks at a panel session on day one of the 2010 World Economic Forum (WEF) annual meeting in Davos, Switzerland. Stock markets might be continuing their run higher this year but Nobel Prize-winning economist Robert Shiller told …
Read More »Monthly Archives: January 2018
Oil CEO warns of a shock upwards in prices over the coming months, predicts $80 oil
Simon Dawson | Bloomberg | Getty Images Majid Jafar, chief executive officer of Crescent Petroleum, Oil prices could soon soar toward $80 a barrel amid escalating concerns over falling output from one of Latin America’s biggest producers, Crescent Petroleum’s chief executive told CNBC Tuesday. Speaking at the World Economic Forum …
Read More »Russia has ‘learned its lesson’ about oil price volatility, wealth fund chief says
Tomohiro Ohsumi | Bloomberg | Getty Images Kirill Dmitriev, CEO of the Russian Direct Investment Fund at the APEC CEO forum in Beijing, China, on Nov. 10, 2014. Russia has “learned its lesson” about oil price volatility, the chief executive of the Russian Direct Investment Fund (RDIF) told CNBC Tuesday. …
Read More »Bitcoin is not an investment we would advise, UBS chairman says
Michele Limina | Bloomberg | Getty Images Axel Weber, chairman of UBS Group UBS believes that bitcoin is a speculative investment and is not advising its clients to invest in the digital currency, the bank’s chairman told CNBC Tuesday. Speaking at the World Economic Forum in Davos, UBS Chairman Axel …
Read More »Europe markets set for higher open as US government shutdown ends
Getty Images People protest in front of the U.S. Capitol to urge Congress to save the Deferred Action for Childhood Arrivals (DACA) program on December 6, 2017, in Washington, D.C. European markets look set for a higher open Tuesday morning. Of the major bourses, the German DAX is expected to …
Read More »South Korea government rejects ‘Pyongyang Olympics’ criticism
Korea Pool | Getty Images North Korean delegation arrives at customs after inspecting venues for the 2018 Winter Olympics on January 22, 2018. Seoul’s presidential Blue House rejected criticism on Tuesday that next month’s Winter Games will be the “Pyongyang Olympics,” saying the event will help defuse tensions over North …
Read More »Bank of Japan announces interest rates decision, releases quarterly outlook
Kiyoshi Ota | Bloomberg | Getty Images Pedestrians cross a road in front of the Bank of Japan headquarters in Tokyo, Japan, on Tuesday, Oct. 31, 2017. The Bank of Japan announced Tuesday it was keeping its monetary policy steady, a move that was in line with market expectations. In …
Read More »GM, Enterprise Rent-A-Car targets of unintended acceleration lawsuit
Jeff Kowalsky | Bloomberg | Getty Images The 2016 General Motors Chevrolet Cruze is unveiled during an event at the Fillmore Theater in Detroit, Michigan. The families of two men killed in a car crash in 2017 are accusing General Motors and Enterprise Rent-A-Car of manufacturing and renting a defective …
Read More »House has the votes to pass funding bill to end government shutdown
Getty Images U.S. House Speaker Paul Ryan, a Republican from Wisconsin, right, smiles while walking to a GOP meeting with House Majority Leader Kevin McCarthy, a Republican from California, center left, at the U.S. Capitol in Washington, D.C., on Sunday, Jan. 21, 2018. A bill to reopen the federal government …
Read More »Why the ‘quality’ of the market rally is losing steam
Gary Hershorn | Getty Images The George Washington statue in front of Federal Hall on Wall Street is engulfed in a cloud of steam. The stock market has seen a remarkable run. But we’re seeing some signs that the quality of the rally is petering out in the short term. …
Read More »