Investors could see even more gains in 2018 thanks to underappreciated effects of tax reform, according to UBS analysts. “We believe changes to personal taxes will drive an increase in consumption, benefiting a variety of spending categories and demographic segments in the coming quarters,” Michael Lasser, analyst at UBS, wrote […]
CNBC News
Trump’s performance at Davos was calming, critics say
Attendees at the World Economic Forum in Davos were “ready to bite” as they filled the room on Friday in Switzerland to hear PresidentDonald Trump speak, but were surprised at what they heard. “President Trump pulled off something that I didn’t actually know was in his repertoire, which is he […]
Mueller’s staff has reportedly interviewed at least one Facebook worker
Special counsel Robert Mueller’s staff has interviewed at least one member of a Facebook team associated with President Donald Trump’s 2016 presidential campaign, according to a new report in Wired, which cited a person familiar with the matter. The interview was part of Mueller’s Department of Justice probe into Russian […]
Wall Street could face a #MeToo tsunami
Predictably, the #MeToo wave is slowly creeping back up on the shores of Wall Street. It started to gain more attention last month with Morgan Stanley’s decision to fire former Congressman Harold Ford. But it took a new and potentially explosive turn this week. A lawsuit filed by a fund […]
Gamer anger over ‘microtransactions’ will hurt Activision, Electronic Arts: Analyst
The controversy over in-game microtransactions will have a lasting negative impact on game publishers, according to one Wall Street firm. Cowen reiterated its market perform ratings for Activision Blizzard’s and Electronic Arts’ shares, citing increasing development costs. “Game development times are getting longer, and R&D costs are growing faster than […]
Here’s how Trello sets its remote workers up for success
Recently, major companies like IBM, Aetna and Bank of America have called their remote employees back in the office to improve collaboration and productivity. But one CEO who has vowed to keep his remote policy and prove its effectiveness is Trello’s Michael Pryor. He tells CNBC Make It that his […]
Former market-topping money manager Jeff Vinik says we’re in the ‘7th or 8th inning’ of the rally
Market-beating money manager Jeff Vinik is bullish on stocks for now, but warns we are in the latter stages of the market rally. “We’ve got a huge amount of momentum, not only market momentum, but economic momentum right now. The Trump tax cuts are certainly a tailwind for us. Worldwide, […]
Japanese cryptocurrency exchange loses more than $500 million to hackers
Hackers stole several hundred million dollar’s worth of one lesser-known cryptocurrency from a major Japanese exchange Friday. Coincheck said that around 523 million of the exchange’s NEM coins were sent to another account around 3 a.m. local time (1 p.m. Thursday, ET), according to a Google translate of a Japanese […]
This mapmaker’s massive snow drawings have taken the internet by storm
It all started with a star in the snow. It was 2004 and Simon Beck, then 46, was living in Les Arcs, a ski resort in Savoie, France. He had just come off the slopes, and the idea came to him to draw out a pattern in the snow with […]
Ruling in Boeing’s bitter aircraft trade battle with Canada’s Bombardier set for today
The U.S. International Trade Commission is scheduled to rule Friday afternoon whether aerospace giant Boeing was harmed by trade practices of Canadian competitor Bombardier. The dispute stems from Bombardier’s roughly 100-seat C Series jets, which Boeing complained to the U.S. government were sold to Delta Air Lines below cost of […]