Month: December 2018

China reported lower than expected manufacturing activity in December amid its trade dispute with the U.S. Official manufacturing Purchasing Managers’ Index (PMI) was 49.4 — lower than the 49.9 analysts expected in a Reuters poll. That was worse than November’s official manufacturing PMI, which was 50.0. A reading above 50 indicates expansion, while a reading
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When Kevin Zraly first started studying wines almost 50 years ago, it wasn’t the most popular alcoholic beverage in the U.S. “People looked at me like I was nuts studying wines,” Zraly said. “All my friends were drinking beer.” At 21, Zraly hitchhiked to California to get exposure to the wines there. And after graduating
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In recent years, Mediterranean and Asia Pacific flavors have become more mainstream, with diners indulging in the Hawaiian dish poke and falafel rice bowls at restaurants like Cava. However, in 2019 you’ll likely see more of a North African and Middle Eastern influence. Harissa, a Tunisian hot chili pepper paste, is already enticing diners in
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As the streaming video wars heat up, technology companies like Apple, Facebook, Netflix and Amazon are willing to spend billions of dollars on movies and shows that they hope will attract big audiences. On the other side of the market, smaller niche services are testing out a more cost-sensitive model. Dust, from independent studio Gunpowder
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U.S. banks and regulators continue to struggle tracking and curbing money moved through international banks and companies that ultimately is used to fund the North Korean government, according to a report in the The Wall Street Journal. That’s because North Korea uses proxies with hidden government ties across the globe to facilitate moving those payments,
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Turmoil in Washington, D.C., has caused unnecessarily drastic declines in the stock market in recent weeks, UBS’ Art Cashin told CNBC on Friday. “I think we lost maybe a couple of thousand points that we didn’t need to because of the disruptions that we saw,” including the ongoing government shutdown and President Donald Trump’s attacks
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Tesla has outmaneuvered the Securities and Exchange Commission by appointing Larry Ellison and Kathleen Wilson-Thompson to its board, management expert Jeffrey Sonnenfeld told CNBC on Friday. The electric-car company made the appointments on Friday to comply with an SEC settlement. “The SEC has been had on this one,” said Sonnenfeld, senior associate dean at the
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The stock market’s dramatic swings have given way to some positive trends, even as they might not feel safe to the average investor, CNBC’s Jim Cramer said Thursday after another wild ride on Wall Street. The Dow Jones Industrial Average ended Thursday’s trading session more than 250 points higher after enduring a 600-point intraday drop.
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