EU News Digest Latest News & Updates
Janhvi Bhojwani | CNBC Randall Stephenson, CEO of AT&T, speaking at the Business Roundtable CEO Innovation Summit in Washington, DC. on Dec. 6th, 2018. Telecommunications giant AT&T rose 0.7 percent in the premarket Friday after an analyst at Raymond James upgraded the stock, noting it trades at a more attractive …
Read More »Monthly Archives: March 2019
Ethiopian crash investigators find piece of wreckage with similar setting to Lion Air plane: Sources
Wang Shoubao | Xinhua News Agency | Getty Images Rescuers work beside the wreckage of an Ethiopian Airlines’ aircraft at the crash site, some 50 km east of Addis Ababa, capital of Ethiopia, on March 10, 2019. All 157 people aboard Ethiopian Airlines flight were confirmed dead as Africa’s fastest …
Read More »Snap has doubled this year, don’t buy because of ‘FOMO,’ says technician
It wasn’t a snap decision. After two years on the sidelines, BTIG’s Rich Greenfield upgraded shares of social media company Snap to a buy rating Thursday. The stock surged more than 12 percent on Greenfield’s call that the name can reach $15 based on advertising growth. Snap has more than …
Read More »US probably 3 or 4 weeks away from knowing about any China deal
Jonathan Ernst | Reuters President Donald Trump listens to a question as he meets with former hostage Danny Burch, an oil engineer who was taken hostage in Yemen in September 2017, in the Oval Office at the White House in Washington, March 6, 2019. President Donald Trump said Thursday the …
Read More »Active fund managers trail the S&P 500 for the ninth year in a row in triumph for indexing
It’s the triumph of indexing: Fund managers continue to trail their benchmarks. Active managers who claim that they would do better during periods of heightened volatility are going to have to find another argument. This week, S&P Dow Jones Indices released its annual report on how actively managed funds performed …
Read More »Venezuela’s electricity crisis could disrupt oil markets
LUIS ROBAYO | AFP | Getty Images An anti-government demonstrator stands next to a national flag during an opposition protest blocking the Francisco Fajardo highway in Caracas on May 27, 2017. A nationwide power failure in crisis-stricken Venezuela could trigger “serious disruption” to the oil market, the International Energy Agency …
Read More »Apple slams Spotify’s claims about its App Store being unfair
Brendan McDermid | Reuters Apple CEO Tim Cook speaks at the Anti-Defamation League’s “Never is Now” summit in New York City, December 3, 2018 Apple refuted Spotify’s complaints that its App Store creates unfair competition, saying the music streaming company’s goal is to “make more money off others’ work.” Spotify …
Read More »EU moves to remove palm oil in transport fuel; Malaysia hits back
Sanjit Das | Bloomberg | Getty Images Workers gather harvested palm fruit at a palm oil plantation in Bukit Basout Estate, Perak State, Malaysia, on Wednesday, May 10, 2017. The European Commission on Wednesday concluded that palm oil should be phased out from transport fuel due to environmental concerns, sparking …
Read More »Kimbal Musk is stepping down from Chipotle’s board
Michael Loccisano | Getty Images Kimbal Musk speaks on stage at the WSJ The Future of Everything Festival at Spring Studios on May 9, 2018 in New York City. Kimbal Musk is stepping down from Chipotle’s board of directors, the company announced Thursday. Musk notified the board of directors that …
Read More »Boeing pauses deliveries of the 737 Max after FAA grounds aircraft following fatal crashes
Stephen Brashear | Getty Images The tail and a next generation winglet of a A Boeing 737 MAX 8 are pictured at Boeing Field after its its first flight on January 29, 2016 in Seattle, Washington. Boeing has paused delivery of 737 MAX airplanes due to the temporary grounding by …
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