The White House on Wednesday declined to echo Treasury Secretary Steven Mnuchin‘s comment that a weaker dollar helps the United States. Press secretary Sarah Huckabee Sanders told reporters that the dollar is “stable” and reflects a “strong” American economy. When pressed if President Donald Trump supports a stronger or weaker […]
CNBC News
Your health data is safer in Apple’s hands than with other tech giants, says former Apple CEO
Consumers should not be concerned about their data if they choose to use Apple’s new way of storing medical records in their devices, former Apple CEO John Sculley told CNBC on Wednesday. Earlier that morning, Apple announced it was testing a new product that would let people view their medical […]
Alphabet’s latest business is company that will ‘stop cyber attacks before they cause harm’
Alphabet’s latest Google X business is in cybersecurity. On Wednesday, Google’s parent company introduced Chronicle and described it in a Medium post as a “new independent business within Alphabet that’s dedicated to helping companies find and stop cyber attacks before they cause harm.” Getting its start in X — the […]
Meg Whitman gets a new CEO gig at Katzenberg’s digital media start-up
Meg Whitman is headed to Hollywood. Whitman, who announced her departure from Hewlett Packard Enterprise in November, will be CEO of a Los Angeles media start-up founded by Jeffrey Katzenberg, according to a press release. The working name of the company is NewTV. “I’m very excited to bring my experience […]
How Richard Branson is keeping up with his goal to ‘get unbelievably fit’
Self-made billionaire Richard Branson is a jet-setter constantly on the move, but that isn’t stopping him from meeting the goals he set for himself this year. “My New Year’s resolution is to get unbelievably fit so I’m ready for a trip into space, so I’m making sure I’m keeping active […]
Apple skeptic says company ‘in trouble’ ahead of HomePod launch
Apple has lost some of its bite, one strategist says. Fiercer competition and an inflated belief in its own products are among some of the challenges facing the world’s largest company, according to BK Asset Management’s Boris Schlossberg. “I do think they’re in trouble. I think they’re making a huge […]
France’s Macron says globalization is going through a major crisis
This is a breaking news story, please check back later for more. Macron was tipped as the European leader to watch at the Forum, particularly as he appears to be the strongest leader in the region at the moment while Germany’s Chancellor Angela Merkel continues in her long-running attempt to […]
It’s only January and stocks already have topped many predictions for the whole year
Barely 16 trading days into the new year, the stock market literally already has exceeded many expectations for its 2018 performance. With its rise in early trading Wednesday, the S&P 500 has topped no fewer than seven full-year forecasts. That’s come as the index has registered a gain of better […]
Art Cashin: Investors waiting for a stock pullback finally give up and buy anyway
Investors who were patiently waiting for a stock pullback are finally giving up and are buying anyway, closely followed trader Art Cashin told CNBC on Wednesday. U.S. stocks were higher Wednesday after strong-than-expected quarterly earnings reports before the bell. The S&P 500 and Nasdaq have both risen in 12 of […]
Billionaire Howard Marks says ‘easy money has been made’ in the market, don’t chase it
Howard Marks believes investors should be “defensive” due to high valuations and avoid betting for a runaway market. “I’m convinced the easy money has been made,” Marks wrote in a note to clients Tuesday. On whether investors should be bullish or bearish in the current environment the investor added, “my […]