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Monthly Archives: June 2018

Goldman’s portfolio of hedge funds’ favorite stocks beating market

Lucas Jackson | Reuters A worker moves a bin filled with products inside of an Amazon fulfillment centre in Robbinsville, New Jersey, November 27, 2017. A stocks portfolio made up of hedge funds’ favorite picks put together by Goldman Sachs is up twice as much as the broader market this …

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Merkel lays out her vision for the euro — but her ideas are still far from Macron’s

Aurelien Meunier | Getty Images French President Emmanuel Macron and German Chancelor Angela Merkel during a press conference at Elysee Palace on August 28, 2017 in Paris, France. German Chancellor Angela Merkel ended her silence on euro zone reform by showing some willingness to increase risk-sharing — a long-standing issue …

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The growing spread between WTI and Brent

Both contracts peaked on May 22 before selling off sharply due in part to OPEC production decisions and technical selling. While Brent has recovered back into the middle of this range, WTI remains relatively muted — rising domestic shale production and the inability to move this crude through the pipeline …

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Former State Street executive faces US fraud trial

Brent Lewin | Bloomberg | Getty Images State Street Financial Center building, which houses the company’s headquarters, in Boston, Massachusetts. A former executive at State Street is set to face trial on U.S. charges that he participated in a scheme to defraud the bank’s clients by charging them secret commissions …

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IATA forecasts airline profit fall in 2018

Fabrice Coffrini | AFP | Getty Images IATA CEO Alexandre De Juniac on December 8, 2014. Following the release, IATA’s director general and CEO, Alexandre de Juniac, told reporters in Sydney that rising labor costs and trade tensions could also negatively affect airlines. De Juniac said airlines could be hit …

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Facebook reportedly gave personal data to 60 companies including Apple, Amazon and Samsung

Jim Watson | AFP | Getty Images Facebook CEO Mark Zuckerberg arrives to testify before a joint hearing of the US Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee on Capitol Hill, April 10, 2018 in Washington, DC. Facebook struck dozens of data-sharing deals with smartphone and tablet …

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Qatar ‘stronger than ever’ one year after blockade: Deputy PM

Photo by Mark Runnacles | Getty Images The Doha Skyline at the Sheraton Grand Hotel on November 17, 2016 in Doha, Qatar. A year into an economic and transport blockade led by its neighbors, Qatar has emerged “stronger than ever,” Deputy Prime Minister and Minister of State for Defence Affairs …

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America’s oldest WWII veteran wants to stay home, but can’t afford it

Photo courtesy of Overton family/Wyatt McSpadden Richard Overton in his home in Austin, Texas. AUSTIN, Texas — Richard Arvin Overton was born before Henry Ford introduced the Model T, before the Titanic embarked on her doomed maiden voyage and before New Yorkers watched the first ball drop in Times Square. …

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Ethiopia ministers OK draft law to lift state of emergency

Minasse Wondimu Hailu | Anadolu Agency | Getty Images Security measures are taken as the Oromo people protest against government during the Irreecha holiday in Addis Ababa, Ethiopia, on October 2, 2016. Ethiopia’s cabinet has approved a draft law aiming to lift the country’s state of emergency that was imposed …

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Seoul, Tokyo clash on how North Korea should remove its missiles

Roslan Rahman | AFP | Getty Images Japan’s Defense Minister Itsunori Onodera (L) shakes hands with his South Korean counterpart Song Young-moo (R) as director-general and chief executive of the International Institute for Strategic Studies (IISS) John Chipman looks on during the second plenary session of the 17th Asian Security …

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