EU News Digest Latest News & Updates
Timothy D. Easley | AP In this July 25, 2018, photo a truck driver chains down a roll of steel to his flatbed at the NUCOR Steel Gallatin plant in Ghent, Ky. Investors should buy materials companies like Nucor and Vulcan Materials if U.S. lawmakers move forward with any infrastructure …
Read More »Monthly Archives: November 2018
Citi will move workers earlier than planned to make way for Amazon NYC
Daniel Acker | Bloomberg | Getty Images A flag flies outside the Citigroup building in the Long Island City neighborhood of Queens, New York. Citigroup is rolling out the red carpet for Amazon’s move to the New York City area by moving more than 1,000 employees out of its Queens …
Read More »Mattis heads to US-Mexico border to visit troops awaiting migrant caravan
DOD photo by U.S. Navy Petty Officer 2nd Class Dominique A. Pineiro Secretary of Defense Jim Mattis and President Donald Trump are seen following a meeting at the Pentagon in Washington, D.C., July 20, 2017. WASHINGTON — Secretary of Defense James Mattis will travel to Texas on Wednesday to visit …
Read More »This chart shows how cryptocurrency mining on your own is no longer profitable
Source: Susquehanna Cryptocurrency mining isn’t what it used to be. Last year, the “mining” process of earning new cryptocurrencies using high-powered computers, then selling those digital assets, became a profitable side business for savvy entrepreneurs who set up the mining rigs in their basements and dorm rooms. But that side-hustle …
Read More »Italy’s financial problem is ‘self-made,’ says CEPS director
Stefano Montesi | Corbis | Getty Images Italy’s Minister of Economy and Finances, Giovanni Tria (L) and European Affairs Commissioner, Pierre Moscovici hold a press conference following their meeting at the Economy Ministry on October 18, 2018 in Rome, Italy. Italy’s financial turmoil is “self-made” and would not have arisen …
Read More »Goldman Sachs cuts Apple iPhone estimates on negative supplier outlook
Visual China Group | Getty Images Apple Inc. CEO Tim Cook attends China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse on March 24, 2018 in Beijing, China. China Development Forum (CDF) 2018 is hosted by the Development Research Center of the State Council of China on March 24-26 …
Read More »Treasury yields lower amid US-China trade optimism
Drew Angerer | Getty Images Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell, October 25, 2018 in New York City. In election news, Trump on Monday urged Florida election officials to end a recount of last week’s midterm vote …
Read More »Market volatility isn’t beginning of end, says Carlyle Group
Brendan McDermid | Reuters Trader Peter Tuchman works on the floor of the New York Stock Exchange, (NYSE) as the Dow Jones Industrial Average crosses 24,000, in New York, U.S., November 30, 2017. “The tech sector has been valued under this expectation that, again, trees are going to grow to …
Read More »Central bank independence – Is that even a thing?
Andrew Harrer | Bloomberg | Getty Images Jerome Powell, chairman of the U.S. Federal Reserve, right, walks with Mario Draghi, president of the European Central Bank (ECB), during the spring meetings of the International Monetary Fund (IMF) and World Bank in Washington, D.C., U.S., on Friday, April 20, 2018. But …
Read More »Worries about iPhone demand hit shares of Apple suppliers in Asia
Source: Apple Philip W. Schiller, Senior Vice President, Worldwide Marketing of Apple, speaks about the the new Apple iPhone XR at an Apple Inc product launch event at the Steve Jobs Theater in Cupertino, California, September 12, 2018. Shares of some major Apple suppliers fell in Asian trading Tuesday — …
Read More »