Yes." UK Prime Minister Theresa May said Thursday evening about Brexit amid doubts about her tenure as prime minister and after key cabinet members resigned. She is due to speak on LBC radio at 8.00 a.m. in London. 4. Italy's draft budget for 2019 "significantly" deviates from commitments
The US and China have been engaged in a trade war since July, with tariffs flying back and forth. But more recently, President Donald Trump has played up the possibility of a trade deal with China. Chinese and US officials have restarted talks, and protectionist members of the Trump administration
President Donald Trump's trade war with China just helped end one of the auto industry's greatest streaks. Sales of Geely cars fell in October after 46 consecutive months of year-over-year growth, according to a Wall Street Journal report. Geely is not alone - car sales in China have fallen
Brexit entered a chaotic new chapter on Thursday as some government ministers - including Brexit Secretary Dominic Raab - resigned in protest of the deal secured by Prime Minister Theresa May. Investors and analysts across the City of London are scrambling to make sense of Thursday's developments
Sen. Bernie Sanders is pressuring Walmart to raise its minimum wage. Previously, the senator from Vermont took on Amazon over its pay - and won. Sanders will introduce a new bill that will ban stock buybacks for companies that pay workers under $US15 an hour.
Major funds Fidelity, Janus Henderson, JPMorgan, Tiger Global Management and Coatue, placed bets on Apple before October's 15% decline. Burned by "Red October" market bloodbath, hedge funds have had their worst month since May 2010. Hedge fund Goliaths made some major wrong-way bullish
The pound extended declines against the dollar Thursday, trading down 1.5%, after a key cabinet member joined Brexit Secretary Dominic Raab in resigning in protest of Theresa May's plan to leave the European Union. On Thursday, bitcoin cash, the fourth-largest cryptocurrency by market cap, is set
The rise of exchange traded funds (ETFs) has also been a boon for market index providers such as MSCI. The number of benchmark indices for various asset classes rose by another 12% to 3.73 million in the year to June. The rise of passive investment vehicles has seen plenty of capital shift away from
Apple slid into a bear market in Wall Street trade on Wednesday, down 20% from its October peak.In August, the tech giant became the first US company with a $1 trillion valuation.Shares have been hit hard after the company reported underwhelming iPhone sales and suppliers warned of a slowdown in the
Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox. Asset allocators are facing the toughest conditions they have seen in the past 50 years as market segments of all types
Healthcare is now fund managers' most overweight sector, according to Bank of America. Fund allocation into tech is at its lowest levels since February 2009. Investors are the least optimistic on tech stocks since the depths of the financial crisis, and are instead piling into another, safer, corner
Tencent posted better than expected earnings, beating on both the top and bottom lines. Core online gaming sales dropped 4% in the wake of a Chinese clampdown on licenses. Chinese tech giant Tencent on Wednesday posted better-than-expected earnings for the third quarter, sending shares up 2%.
AP Moller-Maersk, the world's biggest operator of container ships, announced third-quarter profit that topped expectations, but said that global container trade is occurring at "a much slower pace of growth," up 4.2% versus the 5.8% growth recorded over the same period in 2017. Swelling
Around one quarter, 24%, of global fund managers expect corporate bonds to be the worst performing asset class in 2019. The latest survey by Bank of America shows more fund managers want to see companies use capital to strengthen their balance sheet. Rising levels of corporate debt are well and truly
Australian stocks fell heavily again today, with sharp declines in the energy sector following the overnight selloff in oil markets. Bell Potter analyst Richard Coppleson said there were no obvious catalysts for the falls, in a trading session where "nothing made sense". Australian stocks
Between the global trade wars, policy shifts by the world's major central banks, stock market volatility and Australia's property downturn, this year has brought a lot of change to the economic landscape. "Late cycle" are two words you'll hear increasingly in conversation about
Wall Street's biggest influencer, Shane Parrish, is a blogger from Canada with an affinity for Warren Buffett. Hedge fund billionaire Dan Loeb is a fan, as is Bridgewater's Ray Dalio. From fitness models to mummy bloggers, social media is awash with influencers touting millions of followers
Around one quarter (24%) of global fund managers expect corporate bonds to be the worst performing asset class in 2019. The latest survey by Bank of America Merril Lynch shows more fund managers want to see companies use capital to strengthen their balance sheet. While global growth expectations have
MoviePass parent company, Helios & Matheson Analytics (HMNY), announced Tuesday that it had canceled a special shareholders meeting regarding a vote on a proposed 1-for-500 reverse stock split. The meeting was postponed twice and then canceled because the company said it "does not expect to have
Elders Ltd (ASX:ELD), Incitec Pivot Ltd (ASX:IPL), and Westpac Banking Corp (ASX:WBC) shares are in the news today. Here's what you need to know at lunch on the ASX 200...
Chinese Vice Premier Liu He will fly to Washington with the hopes of meeting senior officials before the expected informal talks between President Donald Trump and Chinese President Xi Jinping on the sidelines of the G20 summit in Buenos Aires, Argentina. Trump is once again moving closer to imposing
We asked Australians from around the country to send in their mortgage, money and superannuation questions. Here’s what our finance guru said in reply.
1.US Homeland Security Secretary Kirstjen Nielsen is reportedly being forced out of her position. Sources say Nielsen's departure is expected as soon as this week. 2. The US Commerce Department has submitted draft recommendations to the White House on its investigation into whether to impose tariffs