The chief economic adviser of Pimco’s parent company became the latest big voice in the financial world to cast doubt on bitcoin, a day after JPMorgan (JPM) CEO Jamie Dimon called bitcoin “a fraud.” XAutoplay: On | Off”It is a disruptive technology,” Mohamed El-Erian, chief economic adviser at Allianz, the German parent of the bond giant, […]
U.S. stocks opened higher on Friday, with the Dow hitting the 22,000 mark, after data showed job growth slowed more than expected in August, which could make the central bank cautious about raising interest rates again this year. The U.S. economy added 156,000 jobs in August, below the 180,000 expected by economists polled by Reuters. […]
Walmart (Rob Walton at the Walmart shareholders conference in 2015. AP/Danny Johnston) Rob Walton has sold shares from his family company. Walton, who is the son of founder Sam Walton and served as chairman of Walmart until 2015, has unloaded shares of the retailer totaling $62.3 million, according to SEC filings reviewed by CNBC. Walton sold a total of 775,958 […]
The death toll has climbed to six in Texas amid the “epic and catastrophic” flooding left behind in the southeast part of the state from Hurricane Harvey. On Monday evening, Houston’s Mayor Sylvester Turner confirmed three deaths in Houston. Three other storm-related deaths occurred in La Marque, East Montgomery County and the coastal city of […]
Berkshire Hathaway dumped its entire $315.4 million stake in General Electric in the second quarter, according to filings. The firm owned about 10.6 million shares in the company. GE just recently promoted John Flannery to CEO, as Jeff Immelt stood aside. Flannery was head of GE’s healthcare business before being tapped for CEO. Flannery was able to take […]
World stocks rose on Monday, recovering some of their poise after fears of a U.S.-North Korea nuclear standoff drove them to the biggest weekly losses of 2017, while the dollar too rose off four-month lows it had hit against the yen. U.S. shares were expected to open higher, index futures showed (ESc1) (1YMc1). European shares […]
Two senior Trump advisers — one inside the White House and another who recently departed — signaled Sunday that the knives are out for Steve Bannon, President Donald Trump’s controversial chief strategist. The comments come as a source inside the White House tells CNN that White House chief of staff John Kelly has soured on […]
Adding to the modest losses posted in the two previous sessions, stocks moved sharply lower over the course of the trading day on Thursday. With the sell-off on the day, the Nasdaq and the S&P 500 fell to their lowest closing levels in a month. The major averages ended the session just off their worst […]
A sign for General Motors Co. car-sharing operation, Maven hangs on the facade of the New York Stock Exchange (NYSE) in New York, U.S., May 15, 2017. REUTERS/Brendan McDermid SYDNEY (Reuters) – General Motors Co said on Saturday it was testing its car-sharing operation, Maven, in Australia through a pilot program with ride-hailing company Uber […]
Google’s Canadian engineering headquarters in Kitchener-Waterloo, Ontario seen on January 14, 2016. (Reuters) The Supreme Court of Canada issued an order to Google Wednesday: Stop showing search results for a company accused of fraud, not just in Canada, but throughout the world. Yes, that includes everybody reading this in America. But the court’s ruling that the Alphabet. Inc., (GOOG, GOOGL) […]
Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) CEO Warren Buffett has just given away 18.63 million Class “B” shares of his stock, worth nearly $3.2 billion as of this writing. However, this is nothing new: Buffett has given away more than $27.5 billion since 2006. Here are the details about Buffett’s charitable efforts, who’s getting the money, and other billionaires who […]
Two of France’s bigger venture-capitalists, Partech Ventures and Idinvest Partners, are closing funds this month, adding to recent examples of investors pouring money into European startup investments. Partech Ventures said Monday it increased its latest venture fund to 400 million euros ($456 million) from the likes of Cisco Systems Inc., Nokia OYJ, Renault SA and others — more than it had initially anticipated […]
