Accelerating growth, alongside increasing price pressures, will be welcomed by policymakers at the ECB who last month took a step towards weaning the euro zone off loose money. “We’ve been of the view that the PMIs have been in quite hawkish territory for some time now. If you continue to get numbers this strong there
Chinese artificial intelligence start-up SenseTime Group is planning an initial public offering (IPO) and aims to open a research and development (R&D) centre in the United States as early as next year, its founder told Reuters in an interview. The Hong Kong and Beijing-based deep learning company founded by Tang Xiaoou, a professor at the
A balloon was blown into a tree and popped at the Macy’s Thanksgiving Day Parade, but no one was injured. An Associated Press reporter was on hand as a gust of wind carried a candy-cane balloon into a branch around 10:30 a.m. ET near the start of the parade route on Manhattan’s Upper West Side.
The announcement came on his television show, “The Apprentice.” Donald J. Trump would open his second luxury hotel in New York, a “work of art” in the SoHo neighborhood of Manhattan that would become “an awe-inspiring masterpiece.” That was 11 years ago. The 46-story skyscraper, it turned out, was actually an albatross for Mr. Trump
As the number of workers taking international assignments increases, companies have more responsibility to look after their LGBTI employees who face persecution while on assignment. Russia, Nigeria, Saudi Arabia and Indonesia are becoming some of the most challenging expatriate assignment destinations for multinational firms, according to relocation business BGRS. This is in part because these
Meg Whitman expressed strong confidence in her successor to the helm of Hewlett Packard Enterprise, President Antonio Neri, Wednesday, just one day after announcing she would step down as CEO. “Antonio’s ready, the company’s ready, and it’s the right time,” Whitman said in an interview with CNBC’s “Squawk on the Street.” “I’ve said for many
CBS and PBS severed ties with journalist Charlie Rose Tuesday amid allegations of sexual misconduct. Rose hosted the interview program “Charlie Rose,” which aired on PBS and Bloomberg. He was also a co-host of “CBS This Morning” and a contributing correspondent on CBS’ “60 Minutes.” CBS News President David Rhodes detailed the decision to fire
The Nintendo Switch gaming console, yoga pants, gold accessories and Sherpa hoodies are some of Cowen and Co.’s favorite holiday gifts this season. The firm also thinks 2017 is a time for smaller brands, such as men’s shirt maker Untuckit, athletic apparel brand Outdoor Voices and mattress retailer Casper, to win shoppers’ dollars. “Given the
Shares of shoe retailer DSW fell more than 14 percent in premarket trading Tuesday after the company posted earnings below what Wall Street expected. The footwear company reported earnings of 45 cents per share in the third quarter, below the 53 cents per share analysts surveyed by Thomson Reuters expected. DSW also reduced its fiscal
Uber said on Nov. 12 that a planned deal with a consortium led by SoftBank and Dragoneer Investment Group was moving forward. The consortium plans to inject $1 billion to $1.25 billion into Uber, and buy up to 17 percent of existing shares in a secondary transaction. SoftBank has also been a big investor in
Investigators working for special counsel Robert Mueller have issued a request to the Department of Justice for documents related to the firing of former FBI Director James Comey, ABC News reported late Sunday. The DOJ had already turned over a letter drafted by the president, but never sent, that “offered an unvarnished view of Mr.
Scott Mlyn | CNBC A pedestrian passes by a Black Friday discount sign at a Joe Fresh retail store in New York. Do yourself a favor and plan before you hit the stores on Black Friday, or even earlier if you choose to venture out on Thanksgiving. This year, as has often been the case
The $474 billion firm is taking more risks to secure offline, rural and overseas buyers as China’s urban e-commerce market shows signs of saturating, including purchasing extensive infrastructure which it had previously avoided. “They’re getting into a territory that’s not their core strength … for example securing a property, the licences to sell certain products,
On the Wisconsin shore of the Menominee River a new 3,000-ton Freedom-class Littoral Combat Ship sits docked in the water. It’s already been delivered to the Navy by Lockheed Martin and it’s already active. A crew of 50 live aboard and have been conducting tests for six months on nearby Lake Michigan. Next month, the
Private-jet owners may benefit from a Republican tax bill before the Senatethat proposes exempting excise taxes on the management fees of private planes. Currently, a 7.5 percent tax is levied on each leg of commercial air travel. The bill would ensure that management costs of private planes, such as maintenance and storage, are not taxed.
The Navy said Friday an aircrew in the Pacific Northwest was responsible for creating lewd skydrawings. The incident comes amid raised awareness about sexual harassment in the workplace and even assaults. “The Navy apologizes to anyone who was offended by this unacceptable action,” a Navy spokesperson told CNBC in an email statement. The event happened
There are still plenty of questions about Tesla’s new Semi, but there is no doubt it is innovative and represents a number of firsts for the trucking industry, says one analyst. “To be honest we think the truck is a little bit of a game changer, not so much for Tesla but for the trucking
One longtime attendee who complained of sexual harassment reportedly told TED owner Chris Anderson that she would not be returning, the Post said. Anderson reportedly forwarded the email to his team, writing that he didn’t “want to overstate what’s here (until we can find more) but I do think we’ll need to think seriously about
President Donald Trump has started to pay for his own legal defense in connection with the Russia probe. The president is taking over the burden for the steep legal costs from the Republican National Committee and his campaign, which had been footing the bill. “The president elected to pay his own legal fees which was
The public also has likely figured out that the pass-through rate, AMT elimination and reduction in estate taxes could be hugely beneficial to President Trump himself, no matter what Trump says about how he will get “killed” by the tax plan. So Republicans could wind up celebrating enactment of a tax bill that the public
Tesla shares rose more than 3 percent in premarket trading Friday after J.B. Hunt Transport Services announced it has reserved “multiple Tesla Semi tractors.” “We believe electric trucks will be most beneficial on local and dray routes, and we look forward to utilizing this new, sustainable technology,” John Roberts, president and chief executive officer at
Sessions, who was the first senator to endorse Trump’s presidential bid, said during his confirmation hearing that he “did not have communications with the Russians.” Following reports that Sessions had met twice with Kislyak during the campaign, Sessions issued a letter to Congress saying his previous testimony had been “correct,” but acknowledged the two incidents.
But a former U.S. attorney told The Daily Beast that inmates in pretrial detention can sometimes be moved when they are cooperating with the government, a possible explanation for Zarrab’s removal from prison. If Zarrab has any information about the deal that was reportedly floated for his release, this could be a damaging development for
Investors should not expect a ramping up of asset purchases by the European Central Bank (ECB) once its current program comes to an end, one of its board members told CNBC. “I do not expect that the market would be right to anticipate a further increase of asset purchases at the end of our program,”
Airlines are warring over wealthy travelers, spending millions on plush first-class cabins that look more like flying hotel rooms than seats on a commercial airliner. But other carriers think the thriftiest travelers are worth billions. The blockbuster deal at the Dubai Air Show was a monster order Wednesday from a private equity firm for 430
Prashanth Vishwanathan | Bloomberg | Getty Images John Flannery, General Electric Maybe the worst has passed for General Electric, after the company’s stock dropped more than 12 percent in two days and it had its worst trading day since 2009. GE rebounded above $18 a share Wednesday after falling as low as $17.50 earlier in
Square is allowing some people to test a feature on its money transfer app Cash that enables them to buy and sell bitcoin. A number of Cash users noticed the new feature, and took to Twitter to voice their surprise. Tweet Users were able to swipe right from their Cash Card page to buy bitcoin.
More than half of NFL owners want to wait before extending Commissioner Roger Goodell’s contract because the timing could be a public relations disaster, sources told CNBC. The league is facing declining ratings and complaints from key sponsors amid the controversy over players kneeling during the national anthem to protest police brutality against blacks. A
As millennials step into becoming homeowners, Home Depot sees them ringing up more do-it-yourself projects at its stores. The retailer on Tuesday reported an impressive increase in same-store sales, fueled by more shoppers spending on items such as tools, lumber, garden accessories and flooring. Hurricanes Harvey and Irma, along with some U.S. wildfires, also boosted
With 41 days to go, it seems Christmas has come early this year for many investors. The returns in 2017, at least for equity investors, are staggering. The DAX is higher by some 16 percent since the start of the year; the S&P 500 has rallied 15 percent with both markets hitting record after record;