Swing traders were aggressively buying banking shares in the UAE for a second day on Monday as the government decided to consolidate debts that its citizens owed to the government. Traded value on the Dubai Financial Market (DFM) jumped to Dh355 million due to buying in banks from a paltry Dh80 million in the previous […] Read more
New York City’s deputy mayor for housing and economic development, Alicia Glen, told CNBC on Friday, her last day in office, that she’d like to see more women running big companies — and if that were the case, deals like the now-scuttled Amazon headquarters plans for Queens might have different outcomes. “Maybe if there weren’t […] Read more
The amount of $100 bills in circulation is surging. And it’s leaving some economists scratching their heads. The number of outstanding U.S. $100 bills has doubled since the financial crisis, with more than 12 billion of them across the world, according to the latest data from the Federal Reserve. C-notes have passed $1 bills in […] Read more
British teenagers expect to earn as much as £70,000 a year ($89,750) by the time they hit 30, a figure that’s a lot higher than the current national average, according to a survey published by financial services provider OneFamily this week. For teenagers expecting to earn “a lot” of money by their thirties — which […] Read more
Markets have been mixed in their response to President Trump’s combative State of the Union address while investors shift their attention to any signs for the economy from Federal Reserve chair Jerome Powell. European shares sunk lower after disappointing results from BNP Paribas and Daimler. The Australian dollar plunged 1% after the central bank opened […] Read more
Harley-Davidson shares tanked by more than 9 percent Tuesday after the company reported fourth quarter earnings that missed analysts’ expectations. The motorcycle maker is battling declining sales as its core riders age, particularly in the United States, its largest market. The company said that despite the challenges attracting younger customers, it finished the year with […] Read more
Pharmaceutical giant Pfizer braced investors for little-to-no revenue growth in 2019 after its blockbuster erectile dysfunction drug Viagra, among others, lost patent protection and pain killer Lyrica faces similar competition from generic drugmakers this year. Shares of Pfizer fell 2.7 percent in premarket trading Tuesday even after the drugmaker announced fourth-quarter earnings that exceeded Wall […] Read more
Despite growing concern about the slowing growth of the Chinese economy, Starbucks is holding onto optimism about its second-largest market. “We continue to play the long game in China,” CEO Kevin Johnson told analysts on the company’s quarterly conference call. Earlier this month, Goldman Sachs predicted that Starbucks would be the next company to warn […] Read more
Apple’s slowdown in China could mean bad news for Best Buy, according to one analyst. The iPhone maker cut its sales forecast Wednesday — a rare move by the tech giant — calling out weak sales in China and a trade war that’s levied high tariffs over the last several months across hundreds of products […] Read more
Apple CEO Tim Cook kept his promise in placing Apple’s newest campuses — spanning several states and including a new $1 billion facility in Austin, Texas — and he didn’t run a contest like Amazon’s. Apple had been pointing to expansion efforts for several months, starting with a commitment announced in January to contribute $350 […] Read more
