Black Entertainment Television founder Robert Johnson doesn’t have much faith in a potential Joe Biden presidency. In fact, he doesn’t see the Democratic Party as a good choice for African Americans altogether, he told CNBC. “I think Black Americans are getting a little bit tired of delivering huge votes for […]
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Dow futures higher by around 300 points following post-election rally
U.S. stock index futures were higher in early morning trading on Thursday as investors hoped that the winner of the U.S. presidential election would soon be determined. Futures contracts tied to the Dow Jones Industrial Average rose 298 points. S&P 500 futures and Nasdaq 100 futures both also traded in […]
China’s vice foreign minister hopes new U.S. administration will ‘meet China halfway’
The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu, Zhejiang province, China, May 10, 2019. Aly Song | Reuters BEIJING — China’s Vice Foreign Minister Le Yucheng said Thursday he hopes the next U.S. administration will […]
The EU is about to announce new rules for Big Tech — and there’s not much they can do about it
Executive Vice President Margrethe Vestager talking to media in Brussels, Belgium. Thierry Monasse | Getty Images News | Getty Images LONDON — The European Commission is about to propose a “revolutionary” overhaul of digital regulation that could hurt the business models of Big Tech, industry experts told CNBC. The Digital […]
U.S. needs a ‘really, really big’ relief package to keep its economy afloat, says Paul Krugman
Nobel Prize-winning economist Paul Krugman. Panayiotis Tzamaros | ullstein bild via Getty Images The U.S. may need several hundred billion dollars a month in “disaster relief” to keep the economy afloat as a raging coronavirus outbreak continues to suppress prospects for workers and businesses, Nobel prize-winning economist Paul Krugman said […]
SocGen delivers big beat and swings back to profit in third quarter
A logo outside a Societe Generale SA bank branch in Paris, France. Bloomberg | Bloomberg | Getty Images LONDON — Societe Generale beat expectations for its third-quarter earnings on Thursday on the back of more “normalized” market conditions. The French bank reported a net income of 862 million euros ($1.011 […]
Societe Generale delivers big earnings beat after second-quarter loss
A logo outside a Societe Generale SA bank branch in Paris, France. Bloomberg | Bloomberg | Getty Images LONDON — Societe Generale reported a net income of 862 million euros ($ 1.011 billion) for the third quarter on Thursday. Analysts had estimated a net income of 458 million euros for […]
From Facebook to Reddit, how Silicon Valley salary adjustments could redefine remote worker earnings
To adjust pay, or not to adjust pay? That is the question employers are asking as they rethink their compensation strategies in response to the new era of remote work. Social media site, Reddit last week became the latest in a slew of tech companies to take a decisive stance […]
Dow futures higher by about 200 points following post-election rally
U.S. stock index futures were higher in early morning trading on Thursday as investors hoped that the winner of the U.S. presidential election would soon be determined. Futures contracts tied to the Dow Jones Industrial Average rose 188 points. S&P 500 futures and Nasdaq 100 futures both also traded in […]
Being tough on China is what unifies a polarized U.S., former trade negotiator says
President Donald Trump speaks during a campaign rally at Manchester-Boston Regional Airport in Londonderry, New Hampshire on October 25, 2020. Democratic Presidential candidate and former Vice President Joe Biden delivers remarks at a voter mobilization event in Cincinnati, Ohio, on October 12, 2020. Getty Images Being tough on China is […]