As protectionism becomes a key watchword for executives, a global report has suggested that companies are finding various ways to ride out any barriers to trade. Of 6,000 firms surveyed on behalf of HSBC, 61 percent said that governments were becoming more protective of their domestic economies. The sentiment was […]
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The bull market isn’t over for investors yet: Credit Suisse
The global sell-off in stock markets earlier this year has made some investors nervous that the bull run is ending, but Credit Suisse said that time has yet to come. The Swiss banking giant has been adding stocks to its portfolio and still has an “overweight” position on the asset […]
For investment opportunities in Australia, look beyond banks: Credit Suisse
Australia may be a low-growth market, but there are still opportunities for international investors, according to Credit Suisse. Among the most interesting of those are mining companies, firms involved in building local infrastructure and the tourism sector, said Hasan Tevfik, Australia equity strategist at Credit Suisse. According to Tevfik, Australia […]
Biden could be a ‘pretty serious’ Trump opponent, but Democrats won’t go there, Reince Priebus says
Former Vice President Joe Biden could be a “pretty serious” candidate to challenge Donald Trump in the 2020 presidential race — but the Democrats won’t go that direction, Reince Priebus said Wednesday. “The problem they have is they’re moving to the left, they’re not staying in the center,” the former […]
How one reporter’s question in Beijing led to demands for a US investigation
This article is part of a “Reporter’s Notebook” series, where CNBC journalists submit tales and observations from the field. Last week was a big one for news: Trump tariffs, fears of a trade war. The president putting the kibosh on what could have been the mother of all tech deals […]
Reince Priebus says he doubts claims about Cambridge Analytica’s importance to Trump campaign
Former White House Chief of Staff Reince Priebus said he wasn’t sure how true some of the claims were about a data analytics firm and its influence on the U.S. presidential election. Cambridge Analytica — a firm publicly associated with President Donald Trump’s campaign — is said to have collected […]
Asian stocks trade cautiously higher ahead of expected Fed rate hike
Asian markets traded cautiously higher on Wednesday, with markets focused on the Federal Reserve after it kicked off its March meeting. Gains in the region took cues from the overnight move higher on Wall Street after a pull back earlier in the week. Hong Kong’s Hang Seng Index got a […]
Alt-coin bear market is over, but bitcoin is still the best bet: Wall Street’s Tom Lee
Thomas Lee, head of research at Fundstrat Global Advisors, said the bear market for small-cap cryptocurrencies is over. But he said he still thinks bitcoin is the best bet for investors. “Increasingly, I think investors are comfortable that bitcoin is likely to be viewed as a commodity,” Lee said Tuesday […]
Trump’s trade policies cater to ‘a sub-group of the population,’ economist says
President Donald Trump’s trade policies, such as tariffs on foreign aluminium and steel imports, are catering to a specific group of the U.S. population, according to a leading economist. In certain areas of the U.S., a hollowing out of manufacturing activity has impacted people, but the nation is predominantly a […]
Authorities: New bombing reported at Austin Goodwill store
Emergency teams were responding Tuesday night to another reported explosion in Texas’ capital, this one at a Goodwill store in the southern part of the city. In a tweet, the Austin Police Department urged residents to avoid the area. Austin-Travis County EMS said there had been reports of at least […]