Asian indexes climbed on Thursday after stocks in the region sold off earlier this week. The advance also followed moderate gains on Wall Street following the Federal Reserve’s decision to keep rates unchanged. The benchmark Nikkei 225 index surged 1.42 percent, as investors looked to snap a six-day losing streak. […]
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A private indicator of China’s economy just came in better than expected
A survey focused on small and mid-size manufacturing in China beat expectations on Thursday as factory output hit a 13-month high. The Caixin/Markit manufacturing Purchasing Managers’ Index for January came in at 51.5. Economists polled by Reuters expected the private Caixin/Markit PMI to come in at 51.3 in January versus […]
Republican memo likely to be released Thursday, White House official says
A Republican memo alleging anti-Trump bias at the FBI and U.S. Justice department is likely to be released on Thursday, a White House official said on Wednesday. The FBI said earlier on Wednesday it had “grave concerns” about the accuracy of the top-secret House Intelligence Committee memo, challenging President Donald […]
Republican memo likely to be released Thursday, administration official says
A Republican memo alleging anti-Trump bias at the FBI and U.S. Justice department is likely to be released on Thursday, an official of President Donald Trump’s administration said on Wednesday. The FBI said earlier on Wednesday it had “grave concerns” about the accuracy of the top-secret House Intelligence Committee memo, […]
Airbnb is making rents in New York City spike as owners yank units off the market, study finds
Skyrocketing New York City rents can be blamed at least in part on the rise of the home-sharing service Airbnb, a new study has claimed. The report, released Tuesday, analyzed Airbnb activity between September 2014 and August of 2017 and was published by McGill University in Montreal. It was commissioned […]
Meet the ‘airplane whisperer’ of Silicon Valley, who just joined an $800 million fund
As venture investors shift their focus from marketplaces and mobile apps to more complex fare, like AI and rockets, vetting start-ups can prove more challenging. That’s why they call Paul Willard, a former Boeing engineer and entrepreneur known as the “airplane whisperer” of Silicon Valley. A newly minted partner at […]
Cystic fibrosis treatment moves to final stage of testing, possibly boosting patient options
Vertex Pharmaceuticals said it’s chosen which two medicines to move into the final stage of testing in combination with two other drugs for cystic fibrosis, a key step to extending potential treatment options to 90 percent of patients with the devastating genetic disease. The Boston-based biotechnology company plans to start […]
Volatility is making a comeback, says Wells Fargo strategist
Market volatility is the new normal and there are many ways to make money off it, said Christopher Harvey, head of equity strategy at Wells Fargo. “Now you can start putting your money to work,” Harvey said Wednesday on CNBC’s “Fast Money.” “Now you have more ability to be tactical. […]
Trump’s State of the Union address underscores fractures within the GOP, too
The two parties displayed their divisions with nearly every punch line in President Trump’s State of the Union address. Republican lawmakers applauded; Democrats did not. Yet in a subtler way, the speech also underscored disagreements within his party. And those internal splits, as much as Democratic resistance, explain why enactment […]
Defense secretary considering ban on personal cell phones at Pentagon
The Department of Defense may ban the use of personal cell phones and other wireless devices such as Fitbits by civilian and military personnel at the Pentagon after new security concerns were raised about the threat they pose. A Pentagon official told CNBC on Wednesday that no decision has been […]