Posts Tagged by GLOBAL ECONOMY AND BUSINESS NEWS: Global economy and business news

Wealth managers want more AI, but consumers are showing reluctance

This story was delivered to Business Insider Intelligence “Fintech Briefing” subscribers. To learn more and subscribe, please click here. Wealth managers globally are looking to implement more AI and machine learning solutions within their businesses to keep up with the threat of emerging digital wealth […]

Employers now face a time crunch on pot policy

Employers across Canada are grappling with the new reality of recreational marijuana becoming legal following the passage of Bill C-45 in the Senate. The pending change will mean decades-old workplace policies on the drug will need to be adjusted, and new safety concerns considered. read […]

Delta orders 20 Bombardier CRJ900 regional jets: list price US$961 million

Bombardier Inc. says Delta Air Lines Inc. will buy 20 CRJ900 regional jets with a list price totalling about US$961 million. read more >>> Source:: CTVNews.Ca

Mortgage applications jump 5.1% as interest rates settle

The gain in mortgage applications was driven by applications to refinance a home loan. read more >>> Source:: CNBC.Com

The inside story of how one of the world’s hottest investment strategies was born from the ashes of the tech bubble

Rob Arnott, the chairman and chief executive of the Pimco subadviser Research Affiliates LLC, is one of the most influential minds in investing, having pioneered a technique that has grown into a $730 billion industry. In an exclusive interview with Business Insider, Arnott describes the […]

Cannes Lions festival: what about the lionesses?

Cannes Lions festival: what about the lionesses? read more >>> Source:: EuroNews.Com

Asian stocks take breather from trade tension

Asian markets were mixed on Wednesday as traders sidelined tariffs that the U.S. and China have threatened to impose on one another, focusing on positive housing data instead. read more >>> Source:: CTVNews.Ca

Rupee recovers from 1 month low, up 32 paise against US dollar

Investor sentiment turned positive following higher opening of the domestic equity market. read more >>> Source:: EconomicTimes.IndiaTimes.Com

Starbucks Announces Plans To Close 150 Underperforming Stores

No word yet on how many workers will lose their jobs when the stores close. read more >>> Source:: HuffingtonPost.Com

The 28 best CEOs in Britain, according to the people who work for them

The highest-rated CEOs in the UK have been announced by recruitment company Glassdoor. Employees who chose to take part anonymously reviewed their CEOs on the Glassdoor website. Winners came from a range of industries, including technology, retail and consulting. Only one woman made the UK’s […]

Dollar steadies vs yen as US yields come off lows, but capped by trade woes

Better-than-expected US housing data also nudged Treasury yields off their lows on Tuesday. read more >>> Source:: EconomicTimes.IndiaTimes.Com

This Texas tech tycoon bet $30 million of his own money on a big plan to take on the Silicon Valley investment industry

Former Rackspace CEO Lanham Napier is now in command of a new investment company, called BuildGroup. “That guy in Seattle” came calling with an offer to buy Anaconda, a hot startup that also happened to be his first investment. If Napier were a Silicon Valley […]

‘A looming crisis’: Brexit poses ‘significant risk’ to personal finances of 36 million people in Europe

A “looming crisis” over the failure of financial contracts after Brexit threatens Europe’s financial stability and poses a “significant risk to the personal finances of millions of people,” a finance lobby group has warned. TheCityUK said Britain’s loss of financial “passporting” after Brexit needs urgent […]

High net worth wealth gains in 2017 show Asia is a leader: Capgemini

David Wilson of Capgemini Financial Services says China, Japan and India all showed solid gains among high net worth individuals in 2017, led by stock market rallies and diversified investments. read more >>> Source:: CNBC.Com

Trump claims Canadians are smuggling shoes across the border because of high tariffs, but that doesn’t make sense with reality

President Donald Trump claimed Tuesday that Canadians are smuggling goods across the border from the US to avoid high Canadian tariffs. Trump also claimed Canadians are scuffing up shoes in the US to disguise the goods before taking them home. Tariff data shows that the […]

Oracle stock is soaring following a major earnings beat (ORCL)

Oracle shares shot up 4% in after-hours trading Tuesday, following a major beat for the company in its fourth quarter 2018 earnings. Here’s what Oracle reported: Revenue for the quarter (GAAP): Oracle reported $11.26 billion, up 3% from the year before, which beat analysts’ expectations […]

Ex-Facebook exec Chamath Palihapitiya’s VC firm just lost 3 partners in 2 weeks, and it signals more changes to come

Social Capital is bleeding top investment partners. The venture firm, run by legendary investor Chamath Palihapitiya, has lost three partners — Tony Bates, Marc Mezvinsky, and Arjun Sethi — in two weeks. Palihapitiya says the firm will shift focus away from new growth opportunities and […]

Better prices and new pipelines expected to drive higher Canadian crude output

A pipeline capacity gap that is impeding the movement of Western Canada’s crude to market will close by 2021 and there will be surplus room from about 2022 until 2030, according to the Canadian Energy Research Institute. read more >>> Source:: CTVNews.Ca

Will memes be banned by the EU?

As the EU Legal Affairs Committee gears up to vote on proposals to modernise copyright rules in the EU, digital platforms are worried about freedom on the internet. read more >>> Source:: EuroNews.Com

‘The reckoning will come in 2 waves:’ The president of a major stock exchange explains what should keep the crypto world up at night

The market for initial coin offerings is about to witness a two-part regulatory reckoning, according to Cboe president Chris Concannon. The veteran trader said if such offerings are deemed as unregistered securities, then the SEC will go after industry participants and litigation will rise. Crypto […]

What you need to know on Wall Street today

Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox. Dow tumbles on trade war worries US stocks stumbled early Tuesday, the morning after […]

Rupee dives to near one-month low of 68.38 as trade war fears rise

Increasing prospects for a full-blown US-China trade war triggered a risk-off atmosphere. read more >>> Source:: EconomicTimes.IndiaTimes.Com

A Kmart store opens inside a Sears store in Brooklyn, and more may be on the way

The department store chain is also about to start testing mini Sears shops, selling appliances, inside its Kmart locations. read more >>> Source:: CNBC.Com

Don’t call it a trade war: Scotiabank economist is optimistic about outcome for Canada

A new report from Scotiabank spells out four potential scenarios for Canada if trade tensions with the U.S. continue to escalate, but one of the bank’s top economists is anticipating a more benign outcome. read more >>> Source:: CTVNews.Ca

Oil is sliding ahead of this week’s OPEC meeting

SEE ALSO: Oil was down more than 2% Tuesday. OPEC is expected to roll back supply cuts at a meeting later this week. China has threatened to impose tariffs on US crude. Oil slid Tuesday ahead of a meeting among OPEC and other supply-curbing countries […]

Debit card transactions have officially surpassed cash payments in the UK

This story was delivered to Business Insider Intelligence “Payments Briefing” subscribers hours before appearing on Business Insider. To be the first to know, please click here. Debit card transactions surpassed cash payments in volume for the first time in the UK during Q4 2017, according […]

Want a free laneway house in Vancouver? There’s a catch

A Vancouver entrepreneur is offering to build prefabricated laneway houses free of charge for homeowners with space in their backyards, as long as they let him collect rent from the tenants for 12 years. read more >>> Source:: CTVNews.Ca

‘I just feel upset’: Airline destroys couple’s bag containing raw seafood

An Ontario couple is seeking compensation from an airline after one of their checked bags was destroyed because it contained raw seafood. read more >>> Source:: CTVNews.Ca

The top 30 companies where Ivy League graduates who studied computer science say they most want to work

The race to snag top tech talent from prominent schools is competitive. Typically, tech giants like Facebook, Amazon, Google, and Microsoft are all vying for the same pool of graduates. A recent from study from software company Piazza rounded up the companies that computer science […]

New home construction booms to a near 11-year high in May

U.S. homebuilding accelerated in both single-family and multi-family home construction. read more >>> Source:: CNBC.Com

Pharma giant Roche just made a $2.4 billion bet on cancer data (FMI)

Roche on Tuesday bought the rest of Foundation Medicine, a company that collects genetic data from samples of cancer tissue or blood, for $2.4 billion. Roche had held a majority stake in the company, and the deal values Foundation at $5.3 billion. In February, Roche […]

Stocks are getting whacked as Trump moves toward an all-out trade war with China

President Donald Trump threatened an all-out trade war with China by announcing the possibility of tariffs on an additional $200 billion worth of Chinese goods. The S&P 500 is set to open lower by about 1%. Traders are moving into the safety of the US […]

Kazuo Kashio, co-founder of Casio of G-Shock fame, dies

Kazuo Kashio, one of four brothers who founded Casio Computer Co., the Japanese company behind G-Shock watches, has died at age 89. read more >>> Source:: CTVNews.Ca

Morgan Stanley warns investors are in more danger of a market wreck than they realize and pinpoints one sector to stay safe

Investors are taking on more risk in the stock market than is obvious, said Michael Wilson, the chief equity strategist at Morgan Stanley. The outperformance gap of tech companies over long-term Treasurys and the resilience of the most heavily shorted stocks are among the reasons […]

Stirred but not shaken: Rupee trains its eyes on Opec meet

India’s 10-year yield last week consolidated in a narrow range after rallying to levels of 8 per cent , post the RBI meeting. read more >>> Source:: EconomicTimes.IndiaTimes.Com

The Cannes Lions festival: unlocking your creativity

The Cannes Lions festival: unlocking your creativity read more >>> Source:: EuroNews.Com

Swoop Airlines set to launch, heating up competition for low-cost travellers

Competition is heating up for Canada’s most price-sensitive travellers as WestJet Airlines gears up to launch the country’s second ultra-low cost airline Wednesday. read more >>> Source:: CTVNews.Ca

Central bankers claim bitcoin could break the internet — the crypto world thinks they’re missing the point

The Bank of International Settlements on Sunday said bitcoin is “a poor substitute for the solid institutional backing of money.” Critics in the crypto world say the report missing the point — bitcoin and other cryptocurrencies are still in development and shouldn’t be judged yet. […]

Asian markets drop over Trump tariff threats

Asian stocks tumbled Tuesday after U.S. President Donald Trump escalated a dispute with Beijing over technology policy by threatening a tariff hike on additional Chinese goods. read more >>> Source:: CTVNews.Ca

You might see lots of digital mashups of your favorite TV shows now that AT&T owns Time Warner

AT&T won approval to merge with Time Warner last week. America’s largest telecom will now own premium Time Warner content like HBO and TNT. Now that the $85 billion megamerger has officially come to a close, consumers may soon see changes to content offerings, Jason […]

Rupee slides 4 paise to 68.03 against US dollar

The rupee had settled marginally up by 2 paise at 67.99 against the US currency. read more >>> Source:: EconomicTimes.IndiaTimes.Com

The world’s hottest tech companies are now worth more than $5 trillion, and they could be pointing out the next big bubble

The most prominent US and Chinese tech stocks are worth more, by market cap, than the stock markets of the eurozone and Japan. Facebook, Amazon, Apple, Microsoft, Google, Baidu, Alibaba, and Tencent are worth $5 trillion, according to data compiled by Bank of America Merrill […]

A look ahead for Australia’s housing market

David Bassanese of BetaShares Capital says the general trend for Australia’s housing market is lower prices for now, with a potential central bank interest rate hike next year bringing further headwinds. read more >>> Source:: CNBC.Com

Renewed US-China trade spat boosts safety demand for yen

President Trump late on Monday threatened to impose a 10 per cent tariff on $200 billion of Chinese goods, escalating a tit-for-tat trade war with Beijing. read more >>> Source:: EconomicTimes.IndiaTimes.Com

This researcher says Country Garden has done ‘pretty good’

Sigrid Zialcita of Cushman & Wakefield says property developer Country Garden has managed to sustain its growth path through a “diverse” exposure to different markets. read more >>> Source:: CNBC.Com

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