Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: Big Tech’s Tough Day in D.C. Advertisement DealBook Supported by July 17, 2019 Good Wednesday morning. The Elon Musk-backed company Neuralink unveiled its plans to wire your brain to the internet last night — more on that below. (Was this email forwarded to you? Sign up here .) A glimpse at how lawmakers may rein in Big Tech Lawmakers took shots at tech giants yesterday during three hearings on Capitol Hill. Amazon, Apple, Facebook and Google faced questions about their market power, perceived bias as gatekeepers of communication and, in Facebook’s case, plans to reshape the financial industry. Perhaps the most revealing hearing was before the House Judiciary Committee, where a subcommittee on antitrust gave the best look yet at how lawmakers are thinking about … [Read more...] about DealBook Briefing: Big Tech’s Tough Day in D.C.
Global tech spending forecast banking edition 2017
Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: What the State of the Union Means for Business DealBook Supported by Feb. 6, 2019 Good Wednesday morning. (Was this email forwarded to you? Sign up here .) Breaking down the speech In his 82-minute address last night, President Trump cited U.S. economic growth and his efforts to keep it up, while attacking opponents in a speech that ostensibly called for unity in Washington. Here are the highlights for the business world: Mr. Trump defended his economic record. He took credit for America’s robust economic health — a key message for his 2020 re-election campaign — and assailed critiques of his administration’s efforts, including tax cuts and loosened regulations. “An economic miracle is taking place in the United States — and the only thing that can stop … [Read more...] about DealBook Briefing: What the State of the Union Means for Business
Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: Tech No Longer Carries the Stock Market DealBook Supported by Feb. 4, 2019 Good Monday morning. (Was this email forwarded to you? Sign up here .) A ‘chip dip’ threatens Big Tech’s clout From Apple to Nvidia, tech companies say that business is slowing. What’s happening? Big tech companies are reporting lackluster results. Weak Chinese consumer demand blew a $9 billion hole in Apple’s latest quarterly sales. Nvidia warned last month that its revenue would come in 20 percent below expectations. Intel’s January financials didn’t meet forecasts. And Samsung’s sales plunged 10 percent in the fourth quarter. Behind the trend: semiconductors. “China, smartphones, Bitcoin and cloud computing have been among the major drivers of the long tech … [Read more...] about DealBook Briefing: Tech No Longer Carries the Stock Market
LONDON (Reuters) - Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. AND SO BEGINS THE PAUSE The U.S. Federal Reserve convenes its first monetary policy meeting of 2019 after hiking rates for a fifth time in as many quarters in December. But while it has forecast two more hikes for 2019, the darkening global economic outlook, convulsing stock markets and a record-long government shutdown are clouding the policy picture. Now, Fed Chairman Jerome Powell is preaching "patience" with regard to future rate increases, and he's been joined by two other governors and all 12 Fed regional bank presidents. But what happens after such a pause? Interest rate futures markets currently assign a roughly 20 percent probability for a move above the current 2.25-2.50 percent range for the fed funds target rate at any 2019 meeting. A year from now, a rate cut is almost as probable as a rate hike. Most previous Fed … [Read more...] about Take Five: Time for a break? World markets themes for the week ahead
Sections SEARCH Skip to content Skip to site index Business Log In Subscribe Log In Today’s Paper Business | Chinese Consumers’ Confidence Sags, Casting a Pall Over the Global Economy Supported by ByAlexandra Stevenson, Li Yuan and Raymond Zhong Jan. 3, 2019 HONG KONG — For years, no matter what was happening elsewhere, global companies bet billions upon billions of dollars that China’s consumers would keep spending money. Now, just when the world economy could use their financial firepower, they are no longer so quick to open their wallets. The latest sign of a slowdown in spending in China came Wednesday, when Apple unexpectedly slashed its financial forecast, citing disappointing iPhones sales in the country. The weakness followed reams of other data — declining car sales, lagging retail spending a slumping property market, a tougher job market — that suggest Chinese consumers … [Read more...] about Chinese Consumers’ Confidence Sags, Casting a Pall Over the Global Economy