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Monthly Archives: January 2018

Turkey says US conviction of banker is ‘unprecedented interference’

Altan Gocher | NurPhoto | Getty Images A photo taken in Ankara, Turkey on January 4, 2017 shows Sozcu, a Turkish opposition daily newspaper, appearing with a headline on its front page that reads ‘Atilla was convicted on 5 of 6 counts’ after a New York jury convicted Mehmet Hakan …

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Renren stock jumps after it says it’s raising money through ICO

Tomohiro Ohsumi | Bloomberg | Getty Images Joseph Chen, CEO of Renren The share price of Chinese social network Renren has almost doubled after the company said it was raising money through a digital currency sale. Renren is looking to raise funds through an initial coin offering (ICO), according to …

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South Korea’s LG Electronics to introduce new robots at CES 2018

Source: LG Electronics The three new concept robots from LG Electronics are aimed at the services industry, in areas like hotels, airports and supermarkets. The first one is a server robot that can deliver food and drinks to customers at hotels and airport lounges. It can essentially replace the work …

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South Korea central bank will only respond if won moves significantly

Seung-il Ryu | NurPhoto | Getty Images Lee Ju-yeol at the Korea Chamber of Commerce and Industry breakfast special lecture with business leaders in Seoul, November 17, 2015. South Korea’s central bank chief said on Thursday the bank will leave currency moves to marketforces, but would respond if changes in …

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With tax law not positive for housing, top analyst finds value away from homebuilders

Luke Sharrett | Bloomberg | Getty Images A contractor moves lumber for a house under construction in the Norton Commons subdivision of Louisville, Kentucky. Because of those changes, he prefers stocks of building products makers over the homebuilders. “They are a little bit more exposed to renovation and other international …

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Southwest Airlines wants larger Boeing 737 Max 8s soon

Patrick T. Fallon | Bloomberg | Getty Images A ground operations employee loads baggage onto a Southwest Airlines plane at John Wayne Airport in Santa Ana, California. Southwest Airlines is upsizing. The airline has exercised options for 40 Boeing 737 Max 8 airplanes worth $4.5 billion at list prices, it …

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What you need to know about Wednesday’s Trump news

Jonathan Ernst | Reuters President Donald Trump (L-R), is joined by Chief of Staff Reince Priebus, Vice President Mike Pence, senior advisor Steve Bannon, Communications Director Sean Spicer and National Security Advisor Michael Flynn, as he speaks by phone with Russia’s President Vladimir Putin in the Oval Office at the …

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Cold weather warms up shares of Domino’s Pizza and VF Corp.

CNBC found that some travel and retail stocks tend to outperform the market when the U.S. is hit by cold wave, which is a rapid fall in temperature during a 24-hour period. Priceline shares have gained an average of 9.1 percent one month after an official cold wave (as determined …

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Trump ex-campaign chair Manafort sues Mueller, Rosenstein, and Department of Justice

Andrew Harrer | Bloomberg | Getty Images Paul Manafort, former campaign manager for Donald Trump, arrives to the U.S. Courthouse for a bond hearing in Washington, D.C., on Monday, Nov. 6, 2017. Former Trump campaign chairman Paul Manafort has sued special counsel Robert Mueller, Deputy Attorney General Rod Rosenstein and …

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Fire breaks out at Hillary and Bill Clinton’s house in Chappaqua

Susan Farley | AFP | Getty Images A file photo of President Bill Clinton and his wife Hillary’s home in Chappaqua, New York. A fire that broke out at former president and first lady Bill and Hillary Clinton’s home has been extinguished, WNBC reported Wednesday. Firefighters arrived on the scene …

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