Credit Suisse

Credit Suisse's Sneddon Sees Treasury Yields Testing the Secular Downtrend

Credit Suisse Head of Technical Analysis David Sneddon discusses 10-year yields and his outlook for the market. He speaks with Guy Johnson and Matt …

Business

Top 1% of Australians own more wealth than bottom 70% combined

Australia now has 33 billionaires, up from 14 since before the global financial crisis in 2008<p>The ranks of Australia’s billionaires have swollen since the global financial crisis, from 14 in 2008 to 33 in 2017, after eight more individuals became billionaires last year.<p>Over the same period, the …

Income Inequality

South Africa’s richest take home half of all income: report

British think tank and charity group Oxfam has published its <b>annual inequality report</b>, claiming that levels of inequality have increased across the …

Income Inequality

Bookies bracing for profit shock as fixed-odd betting stake looks set for cut to £2

Bookies are bracing themselves for their profits to be slashed ­after it emerged that the Government is set to cut the maximum stake on fixed odds betting terminals to just £2.<p>Following a 12-week consultation which closes on Tuesday, Matt ­Hancock, the new Culture Secretary, is expected to impose …

The City

ANZ forecasts another interest rate hike in May as Australia's inflation outlook picks up

Damon Corso / Barcroft Media / Getty Images<p>Next Wednesday’s CPI report is likely to show inflationary pressures in the Australian economy have …

Economy

Oil revival rolls on

<b>Summary:</b> The oil market could have escaped from the post-2014 price crash slump, with some analysts saying the price will stabilise at $US70 or even …

The City

The number of Australian billionaires rises in 2017

The gap between the richest people in Australia and the rest of the nation has widened after the previous year saw the biggest increase in the number …

Wealth

BOJ policy shift may affect Chinese exports

Illustration: Peter C. Espina/GT<p>The Bank of Japan (BOJ), the country's central bank, recently cut its purchases of long-term bonds, prompting market …

Economy

McDonald's new Dollar Menu has a sneaky way to get a ton of food cheap

• <b>The best deal on McDonald's new Dollar Menu is the Happy Meal.</b>• <b><br>For $3 you get nuggets or a burger, plus fries, apple slices, a miniature drink — and a toy.</b>• <b><br>Credit Suisse found that McDonald's slashed Happy Meal prices roughly 25% when they were added to the new "$1, $2, $3 menu."</b><p>McDonald's new Dollar …

Business

The 1% grabbed 82% of all wealth created in 2017

More than $8 of every $10 of wealth created last year went to the richest 1%.<p>That's according to a new report from Oxfam International, which estimates that the bottom 50% of the world's population saw no increase in wealth.<p>Oxfam says the trend shows that the global economy is skewed in favor of …

Income Inequality

India’s Top Oil Explorer May Raise $5.48 Billion to Buy Hindustan Petroleum

India’s biggest oil and gas explorer has widened its first debt-raising plan to as much as $5.48 billion to buy state-run refiner Hindustan Petroleum …

India

Italy's Election Promises Heap More Strain on Debt-Loaded Nation

Italy’s major parties haven’t formally spelled out their election economic programs, but early hints have politicians sniping and economists …

Business

Oxfam report - Huge wealth gap in New Zealand where richest 1% own 30% of wealth

The richest 1 per cent of Kiwis have bagged 28 per cent — $42 billion — of the wealth created in a single year.Meanwhile, the poorest 1.4 million …

Income Inequality

Domino's Pizza: Room For Growth

Strong store comps and revenue growth performance expected to continue into the future.<p>Credit Suisse survey shows untapped potential in food-ordering …

Business

The 1 Thing Everyone Overlooks With Blockchain Technology

Forget this and your cryptocurrency investments could go up in smoke.<p>With few exceptions, the cryptocurrency market has been next to unstoppable …

Bitcoin

MoviePass Risks Pissing Off Theaters With Plan to Acquire Film Rights

What a strange, many-headed beast MoviePass seems to be. In addition to being a tech company, a payment service, a data network, and moviegoers’ …

Movies

Bitcoin Mining Isn't an ‘Environmental Armageddon' : Credit Suisse Report

Advertisement<p>A Credit Suisse report downplayed fears that the growth of the bitcoin mining industry would initiate an “environmental …

The City

From Construction to Taxes: Why the Caterpillar Rally Isn’t Over

<b>Caterpillar</b> (CAT) was the second-best performing stock in the Dow in 2017, and when you look at its longer-term performance, it's been even more …

Markets

Bitcoin Stalls as Analyst Predicts $25,000 Price Target By Yearend | Investopedia

An otherwise volatile week seems to be ending on a staid note for cryptocurrency markets this week. At 13:34 UTC, the price of a single bitcoin was …

Cryptocurrency

Ex-Credit Suisse Banker's Son Tells How Father Became Workaholic

The son of the ex-Credit Suisse banker on trial for defrauding clients from Russia and Georgia told a Geneva court how his father become a workaholic …

Business

Should You Buy Financial Stocks in 2018?

The U.S. stock market rose an impressive 19% in 2017 as measured by the <b>S&P 500</b> index. The financial sector performed even better, though, notching 30% returns thanks to an economy that continues to strengthen. With 2018 under way, some analysts think the overall market will have another good year, …

Stocks

Weaker dollar adds to optimism over U.S. earnings

NEW YORK (Reuters) - The dollar's drop to three-year lows this week after prolonged weakness in 2017 is expected to further boost profits at big U.S. companies when investor optimism is already high over corporate tax cuts.<p>Investors are keeping an eye out for signs of the dollar's impact on company …

Economy

Investors ignore income inequality at their peril

income gap, upper class, middle class, inequality, pay, incomeCBS/APYou've heard of the wealth gap. And you probably know it's growing worldwide, …

Social Justice

US stock indexes are mostly higher in morning trading

The major U.S. stock indexes were mostly higher in morning trading Friday as gains by retailers and consumer goods companies outweighed losses in other sectors. Technology stocks were among the biggest decliners. Energy companies fell along with the price of crude oil. Bond yields surged to the …

Markets

Initial public offerings scheduled to debut next week

NEW YORK (AP) — The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.<p>ARMO Biosciences - Redwood City, Calif., 6.7 million shares, priced $14-$16, managed by Jefferies/Leerink Partners. Proposed Nasdaq …

Redwood City

Mellanox: Street Thinks Starboard Has Lit a Fire

Shares of network and server connectivity components maker <b>Mellanox</b> (MLNX) today closed up 5 cents, or 1%, at $65.75, holding onto some of last …

Markets

Microsoft Gets Bullish Report On Cloud Computing, Cash Return Prospects | Stock News & Stock Market Analysis - IBD

Software giant <b>Microsoft</b> (MSFT) received a price-target hike from a Wall Street brokerage firm Friday ahead of its December-quarter earnings report, …

The City

This cryptocurrency storage startup has raised $75 million in funding

<i>This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here.</i><p>Ledger, a French startup that makes hardware devices that allow individuals to store their cryptocurrency holdings offline to insure against cybertheft, has raised a $75 …

FinTech

One Chart Shows How Crucial U.S. Tax Reform Has Been for Stocks

The best way for U.S. companies to convince analysts that profits are poised to soar is to trumpet their benefits from the tax overhaul.<p>“The majority …

Business

Wall Street weighs in on risk of US government shutdown

Tick-tock.<p>Time is running out for Congress to avoid the first government shutdown since 2013, as Senate Democrats could stymie a spending bill to …

Economy