German Chancellor Merkel speaks on COVID-19 measures after meeting regional leaders BERLIN (Reuters) – Russia’s GRU military intelligence service appears to have got hold of many emails from Chancellor Angela Merkel’s constituency office in a 2015 hack attack on Germany’s parliament, Der Spiegel magazine reported on Friday, without citing its sources. A spokesman for the […]
Asian markets rose in early trading Friday, following gains on Wall Street and a report that U.S. and Chinese trade negotiators spoke on the phone and agreed to further cooperation. Japan’s Nikkei JP:NIK jumped 1.8% and Hong Kong’s Hang Seng Index HK:HSI rose 0.9%. The Shanghai Composite CN:SHCOMP advanced 0.6% while the smaller-cap Shenzhen Composite […]
Billionaire investor Paul Tudor Jones made a prescient call on bullion in 2019; now he’s saying that bitcoin, the controversial digital currency, reminds him of gold in the 1970s, and may be the best hedge against inflation in the age of coronavirus. “ ‘If I am forced to forecast, my bet is it will be […]
Tom McClellan, market technician and publisher of the McClellan Market Report, says investors are fleeing one of the most popular exchange-traded funds on Wall Street, even as stocks rally off their March lows. The State Street-sponsored SPDR S&P 500 ETF Trust SPY, +1.20%, which offers investors exposure to S&P 500 index stocks, is widely considered […]
A woman who accuses Democratic White House candidate Joe Biden of sexually assaulting her 27 years ago has called on him to quit the presidential race. In an interview, Tara Reade urged Mr Biden to “please step forward and be held accountable”. She added: “You should not be running on character for the president of […]
I have admired Uber Technologies, first as a passenger and an Uber Eats customer, and now as a shareholder for clients of my investment management firm. Our investment case for Uber UBER, +11.17% includes an appreciation for its wide moat — natural barriers that deter competitors. At the core of Uber’s business lies a two-sided […]
Uber Technologies Inc. admitted Thursday that the COVID-19 pandemic makes ride-hailing companies less valuable, but investors still added billions to Uber’s valuation anyway. Uber UBER, +11.17% reported a quarterly loss of nearly $3 billion Thursday afternoon, with roughly two-thirds of that loss resulting from a devaluation of its investments in Asian ride-hailing services Didi Chuxing […]
Prosecutor Brandon Van Grack on Thursday submitted a request to withdraw from the team prosecuting former national security adviser Michael Flynn. Lawyers for Flynn on April 24 claimed that Van Grack had made a “side deal” with Flynn’s former defense team not to prosecute Flynn’s son in order to pressure Flynn into pleading guilty to […]
The COVID-19 outbreak is driving big shifts in how consumers think about payments, and that’s affecting PayPal Holdings Inc. and Square Inc. differently. Both companies highlighted March weakness in their earnings reports Wednesday, but their shares headed in opposite directions in after-hours trading, as only one of the two had an April for the record […]
[unable to retrieve full-text content]Sonos Inc. fell short of expectations in the March quarter as COVID-19 outbreak forced the closure of physical stores toward the end of March and complicated inventory-rebalancing efforts at one of Sonos’ large retail partners.