Asian stocks were poised to advance at the open on Friday after Wall Street closed higher, with the Dow Jones industrial average notching its sixth consecutive day of gains. The Dow rose 0.8 percent, or 196.99 points, to 24,739.53, with the 30-stock index closing positive for 2018. Other U.S. stock […]
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Ariana Rockefeller says her family taught the value of hard work and giving back
Despite being a Rockefeller, as a child Ariana Rockefeller had to record her allowance — how much she got, how much she spent and where, she said. “The message was, a dollar is a dollar and to value that and to put a lot of value on hard work and […]
Hedge fund Third Point reportedly seeks to launch ‘blank-check’ company
Daniel Loeb‘s activist hedge fund Third Point is in talks with investment banks about launching a “blank check” company that would raise money in an initial public offering to pursue an acquisition, according to people familiar with the matter. The new investment vehicle, referred to on Wall Street as a […]
Bank of America defends financing deal with rifle maker Remington as activists plan boycott
Bank of America is trying to clarify “confusion” about its bankruptcy loan to rifle maker Remington in light of the bank’s statement in April that it would no longer finance makers of military-style guns for civilian use. A statement on Thursday obtained by CNBC may have only strengthened the resolve […]
Walmart’s $16 billion deal for Flipkart a sign US companies are looking to India for deals
With U.S.-China relations in a fragile state, American companies are taking a closer look at India for opportunities. Case in point: Walmart‘s $16 billion deal for Flipkart, India’s largest e-commerce company. “As US China deal flow slows, or face regulatory challenges, companies are increasingly looking to India for opportunity as […]
Oil prices risk spiking to $100 next year, Bank of America analysts say
Oil prices look set to temporarily hit $90 during the first half of next year, if not sooner, and risk spiking to as much as $100 a barrel, depending on geopolitical events and other factors, say Bank of America Merrill Lynch analysts. But they do not see an immediate major […]
Summit site Singapore offers benefits to both President Trump and North Korea’s Kim Jong Un
Singapore is the ideal location for the unprecedented meeting between President Donald Trump and North Korean leader Kim Jong Un, experts said after Trump’s announcement via Twitter on Thursday. The wealthy island city-state, located just off the southern tip of Malaysia in Southeast Asia, is trusted by governments and businesses […]
‘Icons’ like Mark Zuckerberg shouldn’t be ‘picked on’ by the government, says investor Tim Draper
Tech investor Tim Draper called Facebook founder and CEO Mark Zuckerberg a “total hero” Thursday and said the government is “trying to beat [Facebook] down.” “I think it’s a huge mistake because Zuckerberg should be a model, an icon, somebody that we should all be looking up to and aspiring […]
Nurse charged in death of former Trump advisor HR McMaster’s father
A nurse has been charged in the death of President Donald Trump‘s former national security advisor’s father at a Philadelphia senior care facility. Thirty-year-old Christann Shyvin Gainey was charged Thursday with involuntary manslaughter, neglect and records tampering in the death of H.R. McMaster Sr. McMaster died April 13, about eight […]
Iran-Israel strikes show risk of Middle East war is growing after US exit from nuclear deal
A series of rocket exchanges between Iran and Israel along the Syrian border on Thursday may confirm what many feared: The U.S. exit from the Iran nuclear deal will inflame regional rivalries and heighten the risk of open conflict in the Middle East. Israel launched a deadly attack on Iranian […]