StanChart Sees One Fed Rate Hike in Dec.
Jul.23 -- Standard Chartered Chief Asia Economist David Mann discusses his outlook for Fed policy. He speaks on "Bloomberg Daybreak: Asia."
Trump Jr. picks veteran D.C. legislative attorney ahead of Senate meeting
As Donald Trump Jr. prepares to meet with the Senate Judiciary Committee on Wednesday, he's turning to a lawyer who has deep connections inside Washington's sprawling investigatory apparatus for help.
A Billion Indian Identities and More at Stake in Privacy Case
India's top court is considering whether privacy is a fundamental right of every citizen in a case that could have implications for the country's biometric identity program and a slew of global technology ...
Realty Income Corp (O) Stock: Monthly Income, But Not Much Else
Realty Income's monthly dividends currently pay out at an annual yield of 4.43%, slightly more than the S&P 500. This is because Realty Income is part of a real estate investment trust. By law, REITS must distribute 90% of their taxable earnings to shareholders each year in the form of dividends.
Scaramucci defends deleting old pro-Hillary Clinton, anti-climate change denying, pro-gun control tweets after becoming Trump’s communications director
In his first days as the newly minted White House communications director, Anthony Scaramucci has...
The pressure is on for the Snapchat investors
A fading share price, a young chief executive adjusting to life in the spotlight, and concerns that the tech company he leads has been overhyped. This is the situation currently facing Evan Spiegel, the 27-year-old founder of the Snapchat. Snap Inc, the messaging app's parent company, has not enjoyed the start to the stock market it hoped for when it went public in March at a $24bn (£18.5bn) valuation, the biggest technology float for years. Shares spiked on the app's debut but have since dropped below their initial offering price, the maiden set of results was disappointing, and analysts have turned bearish on the stock. The share price is likely to come under more pressure in the coming weeks as insiders are allowed to sell their holdings for the first time. Many are likely to cash in. At this moment, there might be few reasons to be positive about Snap. Growth is slowing and users are apparently flocking to rival apps. On current trends, much-maligned Twitter will be worth more before long. But one case for the defence may lie in a feeling of déjà vu. Snapchat co-founders Bobby Murphy, left, and CEO Evan Spiegel Credit: Richard Drew/AP Photo Snap's early existence as a public company bears a remarkable similarity to another tech firm which endured a torrid first few months: Facebook. Five years ago, the world's biggest social network's $100bn IPO had jaws dropping, but before long it was Facebook that was dropping. The rapid rise of smartphones, which the company had failed to spot, appeared to pose an existential threat to the social network's business model of selling adverts on desktop computers. Four months after its flotation in May 2012, Facebook's shares had halved – a bleaker situation than the one facing ...Read the rest of this story
Correction: Chicago-Pokemon Go story
CHICAGO (AP) — In a story July 22 about the Pokemon Go Fest in Chicago, The Associated Press misidentified one of the attendees as John Haberkorn. His name is Mark Haberkorn.