Is Snap’s growth stalling?

Is Snap’s growth stalling? 18 Hours AgoSnap’s daily active users won’t grow as quickly as competitors because a 4G phone and network are needed to use the app, says Brian White of Drexel Hamilton.


Is Snap’s growth stalling? 18 Hours AgoSnap’s daily active users won’t grow as quickly as competitors because a 4G phone and network are needed to use the app, says Brian White of Drexel Hamilton.
Is Snap’s growth stalling? Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-08-10  Authors: kcna, brendan mcdermid, jonathan ernst, drew angerer, getty images, scott mlyn, patrick t fallon, bloomberg, spencer platt, getty images news
Keywords: news, games, cnbc, companies, users, growth, hours, needed, snaps, white, network, stalling, phone, wont, quickly, stalling18


Is Snap's growth stalling?

Is Snap’s growth stalling?

18 Hours Ago

Snap’s daily active users won’t grow as quickly as competitors because a 4G phone and network are needed to use the app, says Brian White of Drexel Hamilton.


Company: cnbc, Activity: cnbc, Date: 2017-08-10  Authors: kcna, brendan mcdermid, jonathan ernst, drew angerer, getty images, scott mlyn, patrick t fallon, bloomberg, spencer platt, getty images news
Keywords: news, games, cnbc, companies, users, growth, hours, needed, snaps, white, network, stalling, phone, wont, quickly, stalling18


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Gold buoyed by tensions between North Korea tensions, US inflation data

Gold prices climbed to two-month highs on Friday as investors sought refuge from escalating tensions between North Korea and the United States, while bullion also received support from weak U.S. inflation data. U.S. President Donald Trump issued a new threat to North Korea, saying American weapons were “locked and loaded” as Pyongyang accused him of driving the Korean Peninsula to the brink of nuclear war. Spot gold was up 0.28 percent at $1,289.63 per ounce, set for its biggest weekly gains sin


Gold prices climbed to two-month highs on Friday as investors sought refuge from escalating tensions between North Korea and the United States, while bullion also received support from weak U.S. inflation data. U.S. President Donald Trump issued a new threat to North Korea, saying American weapons were “locked and loaded” as Pyongyang accused him of driving the Korean Peninsula to the brink of nuclear war. Spot gold was up 0.28 percent at $1,289.63 per ounce, set for its biggest weekly gains sin
Gold buoyed by tensions between North Korea tensions, US inflation data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-08-10
Keywords: news, games, cnbc, companies, united, warspot, north, weekly, korea, weapons, tensions, buoyed, weak, data, gold, ounce, inflation, twomonth


Gold buoyed by tensions between North Korea tensions, US inflation data

Gold prices climbed to two-month highs on Friday as investors sought refuge from escalating tensions between North Korea and the United States, while bullion also received support from weak U.S. inflation data.

U.S. President Donald Trump issued a new threat to North Korea, saying American weapons were “locked and loaded” as Pyongyang accused him of driving the Korean Peninsula to the brink of nuclear war.

Spot gold was up 0.28 percent at $1,289.63 per ounce, set for its biggest weekly gains since April. It earlier hit its highest since June 8 at $1,288.97 an ounce.

U.S. gold futures for December delivery settled at $1,294 per ounce.


Company: cnbc, Activity: cnbc, Date: 2017-08-10
Keywords: news, games, cnbc, companies, united, warspot, north, weekly, korea, weapons, tensions, buoyed, weak, data, gold, ounce, inflation, twomonth


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Dollar slips after US consumer price data misses expectations

Federal funds futures suggested traders saw a 40 percent chance that the Fed would increase short-term rates at its Dec. 12-13 policy meeting, compared with 42 percent shortly before the release of the July consumer price data. “The last thing the markets want here is the tension between U.S. and North Korea. The dollar was little changed against the Swiss Franc after erasing losses from earlier in the session. The franc and the yen are often sought in times of geopolitical tension and have logg


Federal funds futures suggested traders saw a 40 percent chance that the Fed would increase short-term rates at its Dec. 12-13 policy meeting, compared with 42 percent shortly before the release of the July consumer price data. “The last thing the markets want here is the tension between U.S. and North Korea. The dollar was little changed against the Swiss Franc after erasing losses from earlier in the session. The franc and the yen are often sought in times of geopolitical tension and have logg
Dollar slips after US consumer price data misses expectations Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-08-10  Authors: tomohiro ohsumi, getty images
Keywords: news, games, cnbc, companies, united, consumer, north, price, dollar, expectations, situation, tension, plan, tensions, week, slips, data, yen, rates, misses


Dollar slips after US consumer price data misses expectations

Federal funds futures suggested traders saw a 40 percent chance that the Fed would increase short-term rates at its Dec. 12-13 policy meeting, compared with 42 percent shortly before the release of the July consumer price data.

Harajli, who still expects the Fed to raise rates one more time this year, said Friday’s numbers were unlikely to sway the central bank from announcing the beginning of the reduction in size of its balance sheet later this year.

The dollar fell to a sixteen-week low against the Japanese yen, but pared losses after Russian Foreign Minster Sergei Lavrov said there was a Russian-Chinese plan to defuse tensions between the United States and North Korea.

“The last thing the markets want here is the tension between U.S. and North Korea. It’s a situation with no good resolution even though most people are skeptical that Russia and China have a plan to defuse the situation,” said Stan Shipley, strategist at Evercore ISI in New York.

The dollar was little changed against the Swiss Franc after erasing losses from earlier in the session.

The franc and the yen are often sought in times of geopolitical tension and have logged big gains against the dollar this week amid escalating tensions between North Korea and the United States.

“I think investors are likely to remain cautious heading into the weekend,” Harajli said.

The euro was up 0.55 percent to $1.1835 after Morgan Stanley raised its currency forecasts for the currency, predicting it would hit $1.25 early next year.

Sterling was up 0.33 percent against the dollar and held near a three-week low as investors remained wary about the outlook for the British economy after a mixed bag of data this week.


Company: cnbc, Activity: cnbc, Date: 2017-08-10  Authors: tomohiro ohsumi, getty images
Keywords: news, games, cnbc, companies, united, consumer, north, price, dollar, expectations, situation, tension, plan, tensions, week, slips, data, yen, rates, misses


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Ivy League students turn a profit running a $100,000 investment fund to support good causes

Could you run your own investment fund … in college? Ben Sender, a senior at Princeton University and founder of student-run investment fund Effective Altruism Investments (EAI), does just that. EAI currently manages $100,000 and pursues “objectively good returns for objectively good causes,” Sender says. The exclusive, inter-campus organization accepts just seven percent of the students from Princeton, Harvard University, University of Pennsylvania’s Wharton School and Williams College who appl


Could you run your own investment fund … in college? Ben Sender, a senior at Princeton University and founder of student-run investment fund Effective Altruism Investments (EAI), does just that. EAI currently manages $100,000 and pursues “objectively good returns for objectively good causes,” Sender says. The exclusive, inter-campus organization accepts just seven percent of the students from Princeton, Harvard University, University of Pennsylvania’s Wharton School and Williams College who appl
Ivy League students turn a profit running a $100,000 investment fund to support good causes Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-08-10  Authors: rachel pak, -ben sender, founder of effective altruism investments
Keywords: news, games, cnbc, companies, turn, mission, profit, investing, running, school, students, fund, league, sender, investment, princeton, good, support, objectively, university, ivy


Ivy League students turn a profit running a $100,000 investment fund to support good causes

Could you run your own investment fund … in college?

Ben Sender, a senior at Princeton University and founder of student-run investment fund Effective Altruism Investments (EAI), does just that.

EAI currently manages $100,000 and pursues “objectively good returns for objectively good causes,” Sender says. The exclusive, inter-campus organization accepts just seven percent of the students from Princeton, Harvard University, University of Pennsylvania’s Wharton School and Williams College who apply to join. That’s about the same as Princeton’s undergraduate acceptance rate.

Most of the students joining EAI are studying economics, computer science, financial engineering and math, although majors do vary. What brings them together is their interest in EAI’s mission. Most of them are not invested in the fund; they’re choosing to focus on managing other people’s money.

“EAI is the result of intersecting passions for morality and investing, manifesting itself in a threefold mission to beat the market on a risk-adjusted basis, donate 20 percent of profits to the most worthy causes, and educate members and the community on investing and philanthropy,” Sender tells CNBC Make It.

Sender, a 21-year-old from South Orange, New Jersey, grew up loving the investing world. As a high school student, he wrote for Seeking Alpha and created investing apps, including automatic stock valuation and analysis apps that garnered a total of 35,000 downloads.


Company: cnbc, Activity: cnbc, Date: 2017-08-10  Authors: rachel pak, -ben sender, founder of effective altruism investments
Keywords: news, games, cnbc, companies, turn, mission, profit, investing, running, school, students, fund, league, sender, investment, princeton, good, support, objectively, university, ivy


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These 10 low-cost franchises can make you rich

Franchise Business Review, which analyzes hundreds of franchises, recently released a report of 80 top-ranked brands that have minimum investments of under $100,000 and came highly recommended by franchisees of the business. Franchising can have considerable benefits, Franchise Business Review CEO and Managing Director Eric Stites tells CNBC Make It. Instead of real estate, the costs go to things like training — learning to be a real estate agent or exercise professional — and the endorsement of


Franchise Business Review, which analyzes hundreds of franchises, recently released a report of 80 top-ranked brands that have minimum investments of under $100,000 and came highly recommended by franchisees of the business. Franchising can have considerable benefits, Franchise Business Review CEO and Managing Director Eric Stites tells CNBC Make It. Instead of real estate, the costs go to things like training — learning to be a real estate agent or exercise professional — and the endorsement of
These 10 low-cost franchises can make you rich Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-08-10  Authors: ali montag, baboot camp, source, kent mast photo, image one facility solutions, rhea lana riner
Keywords: news, games, cnbc, companies, business, franchisees, lowcost, review, franchises, report, plus, estate, real, franchise, costs, rich


These 10 low-cost franchises can make you rich

If you have ever wanted to be your own boss, it might not take as much money to start a successful business as you think.

Franchise Business Review, which analyzes hundreds of franchises, recently released a report of 80 top-ranked brands that have minimum investments of under $100,000 and came highly recommended by franchisees of the business.

Franchising can have considerable benefits, Franchise Business Review CEO and Managing Director Eric Stites tells CNBC Make It. Usually little or no experience in the industry is needed to get started with a franchise he says, although some prior knowledge of business helps.

“You’re investing in hopefully what is a proven business model,” he says. “You’ve got a whole network of franchise owners doing the exact same business that you’re doing.”

Of course, nothing is without risk. “You still, as the business owner, have to go and make it all happen,” he says.

Many of the most affordable franchises don’t involve operating costly storefronts (like a McDonald’s would, for example). Instead of real estate, the costs go to things like training — learning to be a real estate agent or exercise professional — and the endorsement of the brand. Plus, franchisees can often work from home.

To identify the companies on the list, Franchise Business Review collected data from 13,000 franchisees between October 2015 and April 2017.

“Total start-up investment” includes the “cash requirement,” plus the amount franchisees would finance for other necessities.

Here are 10 franchises that have low costs, and were ranked in Franchise Business Review’s 2017 report.


Company: cnbc, Activity: cnbc, Date: 2017-08-10  Authors: ali montag, baboot camp, source, kent mast photo, image one facility solutions, rhea lana riner
Keywords: news, games, cnbc, companies, business, franchisees, lowcost, review, franchises, report, plus, estate, real, franchise, costs, rich


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You will get chipped – eventually

For now, Three Square Market, or 32M, hasn’t offered concrete benefits for getting chipped beyond badge and log-on stats. Instead, chipped customers would simply wave their hands in lieu of Apple Pay and other mobile-payment systems. Not a GPS trackerThe embedded chip is not a GPS tracker, which is what many critics initially feared. In 2001, Applied Digital Solutions installed the “VeriChip” to access medical records but the company eventually changed hands and stopped selling the chip in 2010.


For now, Three Square Market, or 32M, hasn’t offered concrete benefits for getting chipped beyond badge and log-on stats. Instead, chipped customers would simply wave their hands in lieu of Apple Pay and other mobile-payment systems. Not a GPS trackerThe embedded chip is not a GPS tracker, which is what many critics initially feared. In 2001, Applied Digital Solutions installed the “VeriChip” to access medical records but the company eventually changed hands and stopped selling the chip in 2010.
You will get chipped – eventually Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-08-10  Authors: jefferson graham, rhona wise, afp, getty images
Keywords: news, cnbc, companies, way, chips, chipped, embedded, eventually, chip, company, employees, cant, things, workers


You will get chipped – eventually

For now, Three Square Market, or 32M, hasn’t offered concrete benefits for getting chipped beyond badge and log-on stats. Munster says it was a “PR stunt” for the company to get attention to its product and it certainly succeeded, getting the small start-up air play on CBS, NBC and ABC, and generating headlines worldwide. The company, which sells corporate cafeteria kiosks designed to replace vending machines, would like the kiosks to handle cashless transactions.

This would go beyond paying with your smartphone. Instead, chipped customers would simply wave their hands in lieu of Apple Pay and other mobile-payment systems.

The benefits don’t stop there. In the future, consumers could zip through airport scanners sans passport or drivers license; open doors; start cars; and operate home automation systems. All of it, if the technology pans out, with the simple wave of a hand.

Not a GPS tracker

The embedded chip is not a GPS tracker, which is what many critics initially feared. However, analysts believe future chips will track our every move.

For example, pets for years have been embedded with chips to store their name and owner contact. Indeed, 32M isn’t the first company to embed chips in employees. In 2001, Applied Digital Solutions installed the “VeriChip” to access medical records but the company eventually changed hands and stopped selling the chip in 2010.

In Sweden, BioHax says nearly 3,000 customers have had its chip embedded to do many things, including ride the national rail system without having to show the conductor a ticket.

In the U.S., Dangerous Things, a Seattle-based firm, says it has sold “tens of thousands” of chips to consumers via its website. The chip and installation cost about $200.

After years of being a subculture, “the time is now” for chips to be more commonly used, says Amal Graafstra, founder of Dangerous Things. “We’re going to start to see chip implants get the same realm of acceptance as piercings and tattoos do now.”

In other words, they’ll be more visible, but not mainstream yet.

“It becomes part of you the way a cellphone does,” Graafstra says. “You can never forget it, and you can’t lose it. And you have the capability to communicate with machines in a way you couldn’t before.”

But after what we saw in Wisconsin last week, what’s next for the U.S. workforce? A nation of workers chipping into their pods at Federal Express, General Electric, IBM, Microsoft and other top corporations?

Experts contend consumers will latch onto chips before companies do.

Chesley says corporations are slower to respond to massive change and that there will be an age issue. Younger employees will be more open to it, while older workers will balk. “Most employers who have inter-generational workforces might phase it in slowly,” she says. “I can’t imagine people my age and older being enthusiastic about having devices put into their bodies.”

Adds Alec Levenson, a researcher at University of Southern California’s Center for Effective Organizations, “The vast majority of people will not put up with this.”

Three Square Market said the chips are voluntary, but Chesley says that if a company announces a plan to be chipped, the expectation is that you will get chipped — or risk losing out on advancement, raises and being a team player.

“That’s what we’re worried about,” says Bryan Allen, chief of staff for state Rep. Tina Davis (D), who is introducing a bill in Pennsylvania to outlaw mandatory chip embedding. “If the tech is out there, what’s to stop an employer from saying either you do this, or you can’t work here anymore.”

Several states have passed similar laws, while one state recently saw a similar bill die in committee. “I see this as a worker’s rights issue,” says Nevada state Sen. Becky Harris (R), who isn’t giving up. “This is the wrong place to be moving,” she says.

Should future corporations dive in to chipping their employees, they will have huge issues of “trust” to contend with, says Kent Grayson, a professor of marketing at the Kellogg School of Management at Northwestern University.

“You’ve got to have a lot of trust to put one of those in your body,” Grayson says. Workers will need assurances the chip is healthy, can’t be hacked, and its information is private, he says.

Meanwhile, religious advocates have taken to social media to express their displeasure about chipping, flooding 32M’s Facebook page with comments like “boycott,” “completely unnecessary” and “deplorable.” On 32M’s Google page, Amy Cosari a minister in Hager City, Wisc., urges employees to remove the chip.

“When Jesus was raised, he was raised body and soul, and it was him, not zombie, not a ghost and we are raised up in the same way,” Cosari wrote. “Employees of 32Market, you are not a walking debit card.”

Get used to it, counsels Chesley.

Ten years ago, employees didn’t look at corporate e-mail over the weekend. Now they we do, “whether we like it or not,” he says.

Be it wearable technology or an embedded chip, the always on-always connected chip is going to be part of our lives, she says.


Company: cnbc, Activity: cnbc, Date: 2017-08-10  Authors: jefferson graham, rhona wise, afp, getty images
Keywords: news, cnbc, companies, way, chips, chipped, embedded, eventually, chip, company, employees, cant, things, workers


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European stocks set for lower open on North Korea tensions; Novo Nordisk reports

European equities are set to open lower on Wednesday as geopolitical concerns curbed investor sentiment. The FTSE 100 is seen off by 33 points at 7,506; the DAX is seen down by 73 points at 12,217 and the CAC 40 is set to open lower by 36 points at 5,179. Thus, investors were shifting from stocks to safe-haven options such as the yen, gold and U.S. Treasurys. Meanwhile, in the corporate world, Novo Nordisk, Ahold Delhaize and E.ON are due to report. Elsewhere, the European Commission has approve


European equities are set to open lower on Wednesday as geopolitical concerns curbed investor sentiment. The FTSE 100 is seen off by 33 points at 7,506; the DAX is seen down by 73 points at 12,217 and the CAC 40 is set to open lower by 36 points at 5,179. Thus, investors were shifting from stocks to safe-haven options such as the yen, gold and U.S. Treasurys. Meanwhile, in the corporate world, Novo Nordisk, Ahold Delhaize and E.ON are due to report. Elsewhere, the European Commission has approve
European stocks set for lower open on North Korea tensions; Novo Nordisk reports Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-08-09  Authors: silvia amaro
Keywords: news, games, cnbc, companies, world, nordisk, stocks, north, lower, points, korea, european, tensions, reports, set, yen, seen, yearfrances, open, novo, wind


European stocks set for lower open on North Korea tensions; Novo Nordisk reports

European equities are set to open lower on Wednesday as geopolitical concerns curbed investor sentiment.

The FTSE 100 is seen off by 33 points at 7,506; the DAX is seen down by 73 points at 12,217 and the CAC 40 is set to open lower by 36 points at 5,179.

Tensions between North Korea and the United States have escalated to an unprecedented level after President Donald Trump warned the former would be “met with fire and fury” if it continued its threats. Pyongyang replied it was “carefully examining” a plan to strike Guam, where a U.S. military base is located. Thus, investors were shifting from stocks to safe-haven options such as the yen, gold and U.S. Treasurys.

Meanwhile, in the corporate world, Novo Nordisk, Ahold Delhaize and E.ON are due to report. ABN AMRO reported strong figures on Wednesday morning with a better-than-expected underlying net profit of 960 million euros ($1.13 billion) in the second quarter of the year.

France’s energy group Engie is reportedly in talks to purchase a wind power plant based in Brazil from Renova, according to Reuters. Elsewhere, the European Commission has approved Santander’s plans to buy Banco Popular in Spain.


Company: cnbc, Activity: cnbc, Date: 2017-08-09  Authors: silvia amaro
Keywords: news, games, cnbc, companies, world, nordisk, stocks, north, lower, points, korea, european, tensions, reports, set, yen, seen, yearfrances, open, novo, wind


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Trump just set his own, uncrossable ‘red line’ — and North Korea crossed it instantly

President Donald Trump appears to have painted himself into a corner: He must now follow up on his pledge of hitting North Korea with “fire and fury,” or he risks further blowing U.S. credibility. The episode draws parallels to President Barack Obama’s own geopolitical red line. In 2013, the former leader said the use of chemical weapons in Syria’s civil war would trigger an American military response. But when it happened, Obama failed to follow up on his promise — a move that critics, includin


President Donald Trump appears to have painted himself into a corner: He must now follow up on his pledge of hitting North Korea with “fire and fury,” or he risks further blowing U.S. credibility. The episode draws parallels to President Barack Obama’s own geopolitical red line. In 2013, the former leader said the use of chemical weapons in Syria’s civil war would trigger an American military response. But when it happened, Obama failed to follow up on his promise — a move that critics, includin
Trump just set his own, uncrossable ‘red line’ — and North Korea crossed it instantly Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-08-09  Authors: nyshka chandran, getty images
Keywords: news, games, cnbc, companies, uncrossable, north, follow, instantly, threaten, korea, yonsei, set, trump, line, obamas, president, crossed, red


Trump just set his own, uncrossable 'red line' — and North Korea crossed it instantly

President Donald Trump appears to have painted himself into a corner: He must now follow up on his pledge of hitting North Korea with “fire and fury,” or he risks further blowing U.S. credibility.

Kim Jong-un’s regime said late on Tuesday that it may strike Guam. That came shortly after Trump warned Pyongyang it would face “power, the likes of which this world has never seen before” if the renegade state continued to threaten the U.S.

“If the red line he drew today was ‘North Korea cannot threaten the U.S. anymore,’ that line was crossed within an hour of him making that statement,” said John Delury, associate professor of Chinese studies at Seoul-based Yonsei University.

The episode draws parallels to President Barack Obama’s own geopolitical red line.

In 2013, the former leader said the use of chemical weapons in Syria’s civil war would trigger an American military response. But when it happened, Obama failed to follow up on his promise — a move that critics, including Trump, said weakened Washington’s position as a superpower.

“Trump is drawing a decisive red line for himself, we all think back to Obama’s red line in Syria, which ultimately became an embarrassment for him,” Peter Jennings, Australia’s former deputy secretary in defense, told CNBC.


Company: cnbc, Activity: cnbc, Date: 2017-08-09  Authors: nyshka chandran, getty images
Keywords: news, games, cnbc, companies, uncrossable, north, follow, instantly, threaten, korea, yonsei, set, trump, line, obamas, president, crossed, red


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World Markets Live: Gold and Japanese yen in focus after North Korea crisis ramps up

Our live blog is tracking market reaction after North Korea said it was weighing whether to strike the U.S. territory of Guam. Earlier, President Donald Trump said the U.S. would, if necessary, strike against North Korea “with fire and fury like the world has never seen.” We’ll bring you the latest analysis below.


Our live blog is tracking market reaction after North Korea said it was weighing whether to strike the U.S. territory of Guam. Earlier, President Donald Trump said the U.S. would, if necessary, strike against North Korea “with fire and fury like the world has never seen.” We’ll bring you the latest analysis below.
World Markets Live: Gold and Japanese yen in focus after North Korea crisis ramps up Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-08-09  Authors: david reid, spriha srivastava, luke graham
Keywords: news, games, cnbc, companies, gold, world, live, north, focus, weighing, reaction, tracking, korea, yen, japanese, trump, markets, territory, strike, seenwell, ramps


World Markets Live: Gold and Japanese yen in focus after North Korea crisis ramps up

Our live blog is tracking market reaction after North Korea said it was weighing whether to strike the U.S. territory of Guam. Earlier, President Donald Trump said the U.S. would, if necessary, strike against North Korea “with fire and fury like the world has never seen.”

We’ll bring you the latest analysis below.


Company: cnbc, Activity: cnbc, Date: 2017-08-09  Authors: david reid, spriha srivastava, luke graham
Keywords: news, games, cnbc, companies, gold, world, live, north, focus, weighing, reaction, tracking, korea, yen, japanese, trump, markets, territory, strike, seenwell, ramps


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A nuclear crisis is flaring in North Korea, and Chinese markets don’t seem to care

China’s financial markets are shrugging off rising tensions between the U.S. and North Korea. The pariah state has produced a nuclear weapon that can fit inside its missiles, NBC News confirmed Tuesday, citing a U.S. intelligence official. The tough rhetoric puts China in a tough position: The world’s second-largest economy has trade ties and shares a border with North Korea. And the U.S. has pressured China to squeeze North Korea more to back down on threats. But on Wednesday, China’s stock mar


China’s financial markets are shrugging off rising tensions between the U.S. and North Korea. The pariah state has produced a nuclear weapon that can fit inside its missiles, NBC News confirmed Tuesday, citing a U.S. intelligence official. The tough rhetoric puts China in a tough position: The world’s second-largest economy has trade ties and shares a border with North Korea. And the U.S. has pressured China to squeeze North Korea more to back down on threats. But on Wednesday, China’s stock mar
A nuclear crisis is flaring in North Korea, and Chinese markets don’t seem to care Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-08-09  Authors: sophia yan, denis balibouse
Keywords: news, games, cnbc, companies, care, tough, north, china, state, korea, crisis, flaring, chinas, markets, chinese, dont, threats, stock, investors, nuclear


A nuclear crisis is flaring in North Korea, and Chinese markets don't seem to care

China’s financial markets are shrugging off rising tensions between the U.S. and North Korea.

The pariah state has produced a nuclear weapon that can fit inside its missiles, NBC News confirmed Tuesday, citing a U.S. intelligence official. The country is also seriously considering a strike on Guam, reported a state media outlet. In response, President Donald Trump warned that such threats “will be met with fire and fury like the world has never seen.”

The tough rhetoric puts China in a tough position: The world’s second-largest economy has trade ties and shares a border with North Korea. And the U.S. has pressured China to squeeze North Korea more to back down on threats. But on Wednesday, China’s stock markets were little changed in morning trading as investors largely ignored it all.

“It’s just one of those things that’s impossible to price, so markets have become inured to the whole thing over many years,” said Andrew Polk, co-founder and economist at Beijing-based research firm Trivium China.

“The stock market in China is weird because it reacts to liquidity and policy, but it often has the inverse reaction … so on good economic data, you [might] see a selloff in the markets, because markets expect less support from the government,” he said. That happened a few weeks back, when second-quarter GDP growth came in better than expected at 6.9 percent, but investors still sent stocks down that day.


Company: cnbc, Activity: cnbc, Date: 2017-08-09  Authors: sophia yan, denis balibouse
Keywords: news, games, cnbc, companies, care, tough, north, china, state, korea, crisis, flaring, chinas, markets, chinese, dont, threats, stock, investors, nuclear


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