Fed sees tariffs as ‘persistent headwind’ to economic growth

Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battle, citing the issue multiple times during discussions at the central bank’s July meeting. Members spoke about trade on multiple occasions, saying it was one of the chief headwinds for the economy, according to meeting minutes released Wednesday. “Participants generally judged that the risks associated with trade uncertainty would remain a persistent headwind for the outlook, with a number of


Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battle, citing the issue multiple times during discussions at the central bank’s July meeting. Members spoke about trade on multiple occasions, saying it was one of the chief headwinds for the economy, according to meeting minutes released Wednesday. “Participants generally judged that the risks associated with trade uncertainty would remain a persistent headwind for the outlook, with a number of
Fed sees tariffs as ‘persistent headwind’ to economic growth Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: jeff cox
Keywords: news, cnbc, companies, tariffs, uschina, sees, multiple, wednesdayparticipants, uncertainties, fed, growth, trade, times, economic, uncertainty, persistent, headwind, view, minutes, worried


Fed sees tariffs as 'persistent headwind' to economic growth

Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battle, citing the issue multiple times during discussions at the central bank’s July meeting.

Members spoke about trade on multiple occasions, saying it was one of the chief headwinds for the economy, according to meeting minutes released Wednesday.

“Participants generally judged that the risks associated with trade uncertainty would remain a persistent headwind for the outlook, with a number of participants reporting that their business contacts were making decisions based on their view that uncertainties around trade were not likely to dissipate anytime soon,” the minutes said.


Company: cnbc, Activity: cnbc, Date: 2019-08-21  Authors: jeff cox
Keywords: news, cnbc, companies, tariffs, uschina, sees, multiple, wednesdayparticipants, uncertainties, fed, growth, trade, times, economic, uncertainty, persistent, headwind, view, minutes, worried


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This woman sold her app for $85 million — here’s the common mistake she sees in start-ups

Mette LykkeBuilding a high-value business takes patience and entrepreneurs shouldn’t believe that start-ups reach multi-million-dollar valuations overnight, a successful Danish businesswoman has warned. When it comes to growing a start-up, Mette Lykke, CEO of food waste organization Too Good To Go, speaks from experience. Endomondo was sold to the U.S. athleticwear brand in 2015 for $85 million, and Lykke stayed on as its CEO until 2017. “My first company was designed to make fitness fun, and no


Mette LykkeBuilding a high-value business takes patience and entrepreneurs shouldn’t believe that start-ups reach multi-million-dollar valuations overnight, a successful Danish businesswoman has warned. When it comes to growing a start-up, Mette Lykke, CEO of food waste organization Too Good To Go, speaks from experience. Endomondo was sold to the U.S. athleticwear brand in 2015 for $85 million, and Lykke stayed on as its CEO until 2017. “My first company was designed to make fitness fun, and no
This woman sold her app for $85 million — here’s the common mistake she sees in start-ups Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: chloe taylor
Keywords: news, cnbc, companies, really, sees, mistake, app, food, business, sold, common, waste, team, 85, company, woman, startups, works, purpose, heres, lykke, work, million


This woman sold her app for $85 million — here's the common mistake she sees in start-ups

Mette Lykke

Building a high-value business takes patience and entrepreneurs shouldn’t believe that start-ups reach multi-million-dollar valuations overnight, a successful Danish businesswoman has warned. When it comes to growing a start-up, Mette Lykke, CEO of food waste organization Too Good To Go, speaks from experience. She co-founded fitness app Endomondo in 2007, developing the company for almost a decade before it gained enough interest to be acquired by American firm Under Armour. Endomondo was sold to the U.S. athleticwear brand in 2015 for $85 million, and Lykke stayed on as its CEO until 2017.

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According to Lykke, who began her career as a management consultant, a business can only experience vast growth rates if the people at its reins exercise what she calls “patient impatience.” “Every day you have to push (yourself) and you have to be willing to do that for quite a while,” she said. “I think a lot of stories about start-ups give the impression that two guys start a company in a basement and boom, two years later they change the world. That’s just not how it works – it takes years, so working hard every day is crucial.”

Be clear on your purpose

For the past two years, Lykke has been the CEO of Too Good To Go — an organization that works with restaurants and food retailers to tackle waste by selling food at a discounted price. The app has 11 million users and works with 22,000 stores across 11 countries. Her involvement with the company began around 9 months after the service was launched, when a friend who knew its founders showed her the app. “I thought it was such a cool concept,” she told CNBC. “I got invited to invest and then was asked to help the founders run the business.” She said her core driving force when it came to work was being part of a company that had a strong purpose and could make a real impact. “I work a lot and put everything into it, so I want to do something that really matters,” she explained. “My first company was designed to make fitness fun, and now I have an even stronger purpose in tackling food waste. I just hadn’t realized the scale of this problem, but it had always been natural to me not to throw away food.” Entrepreneurs looking to grow a company needed to follow her lead and work on something that they felt was meaningful, Lykke added. “Make sure you’re really, really passionate about what you do — that’s fundamental,” she said. “There are going to be days and nights where, if you don’t have that passion, it’s going to be too difficult.”

As well as being passionate about their business, start-up founders needed to build a team who believed in the purpose of the company. “Being clear about the company’s vision is important, (but) the people you find for your team need to believe what you believe — it’s important to establish that team really early on,” Lykke told CNBC. She noted that having a strong ethical purpose was also a big competitive advantage, helping to attract both talented employees and investors.

Seek advice — and share it too


Company: cnbc, Activity: cnbc, Date: 2019-08-13  Authors: chloe taylor
Keywords: news, cnbc, companies, really, sees, mistake, app, food, business, sold, common, waste, team, 85, company, woman, startups, works, purpose, heres, lykke, work, million


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Wall Street sees even more Fed rate cuts ahead with Morgan Stanley predicting a return to zero

“Slower growth and rising risks will likely impel the Fed to cut rates further,” UBS economist Seth Carpenter said in a report for clients. That jibes with current pricing in the futures market which sees the funds rate around 1.12% by the end of next year. In their most recent projections in June, they indicated the longer-run funds rate to be at 2.5%, or higher than the current target range of 2% to 2.25%. Morgan Stanley: Back to zeroThe cut in September, he said, likely would be framed as ano


“Slower growth and rising risks will likely impel the Fed to cut rates further,” UBS economist Seth Carpenter said in a report for clients. That jibes with current pricing in the futures market which sees the funds rate around 1.12% by the end of next year. In their most recent projections in June, they indicated the longer-run funds rate to be at 2.5%, or higher than the current target range of 2% to 2.25%. Morgan Stanley: Back to zeroThe cut in September, he said, likely would be framed as ano
Wall Street sees even more Fed rate cuts ahead with Morgan Stanley predicting a return to zero Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: jeff cox
Keywords: news, cnbc, companies, predicting, street, wall, cut, trade, morgan, stanley, rate, sees, rates, taking, funds, return, fed, zero, tariffs


Wall Street sees even more Fed rate cuts ahead with Morgan Stanley predicting a return to zero

As trade tensions escalate and economic indicators weaken, Wall Street is beginning to anticipate more aggressive interest rate cuts from the Federal Reserve, with at least one forecast seeing a return to near zero. Economists now see the likelihood of three quarter-point reductions before the end of the year, along with multiple moves in 2020 until it becomes clear that the U.S. central bank has staved off a recession. The anticipation comes as Goldman Sachs just announced that it reduced its GDP projections by 0.2 percentage point and Bank of America Merrill Lynch said it sees increasing chances of a recession in the next 12 months. Other forecasters on the Street are joining the calls for weakening conditions that prompt the Fed to take a sharper knife to rates than officials indicated at the July meeting, which saw the first rate reduction in 11 years.

“Slower growth and rising risks will likely impel the Fed to cut rates further,” UBS economist Seth Carpenter said in a report for clients. “Although we saw little support from the [Federal Open Market] Committee for further cuts at the July meeting, trade developments should provide enough justification to cut in” September. Carpenter sees another cut in December then one final reduction in March 2020 for a full cycle of 100 basis points lower, taking the Fed’s benchmark funds rate down to a range of 1% to 1.25%. That jibes with current pricing in the futures market which sees the funds rate around 1.12% by the end of next year. The projection, though, is still a far cry from where committee members anticipate rates heading. In their most recent projections in June, they indicated the longer-run funds rate to be at 2.5%, or higher than the current target range of 2% to 2.25%. However, that forecast came before July’s rate cut and, perhaps more importantly, a day before President Donald Trump’s announcement that he intends to levy tariffs on the remaining $300 billion or so of Chinese imports not already targeted. “Trump’s announcement … that tariffs on the final tranche of Chinese imports would be implemented September 1 has changed the outlook,” Carpenter said. “The new tariffs will slow growth. We anticipate the Fed eases policy further because of the slowdown and their fears of increased uncertainty.”

Morgan Stanley: Back to zero

The cut in September, he said, likely would be framed as another insurance policy against future uncertainty. By December, though, the easing would be in response to data showing material weakness in the economy. Morgan Stanley anticipates successive cuts at the September and October FOMC meetings and an even steeper path ahead, with four more rate moves in 2020 taking the funds rate close to zero, or where it was during the financial crisis and stayed for seven years. Strategist Mark Cabana of BofAML also recently told CNBC that zero rates could come if trade tensions keeping rising. “Taking a walk through Chair Powell’s checklist of factors the FOMC will be looking at when deliberating policy adjustments going forward, it seems to us there is already a clear need to cut rates further,” Ellen Zentner, a Morgan Stanley economist, said in a note, citing a reduction in hours worked for July, typically a precursor to layoffs.


Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: jeff cox
Keywords: news, cnbc, companies, predicting, street, wall, cut, trade, morgan, stanley, rate, sees, rates, taking, funds, return, fed, zero, tariffs


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Dropbox shares plummet after user growth slows, but CEO still sees expansion ahead this year

Dropbox CEO Drew Houston told CNBC on Friday that the cloud storage company still has big growth opportunities this year. Shares of Dropbox sank more than 13% on Friday after the file-sharing company reported Thursday after the bell in its second-quarter earnings release slow growth in paid users and revenue per user that was below forecasts. Dropbox last quarter saw its slowest growth in paid users since going public in 2018. It was unable to attract more paid users with its try-to-buy freemium


Dropbox CEO Drew Houston told CNBC on Friday that the cloud storage company still has big growth opportunities this year. Shares of Dropbox sank more than 13% on Friday after the file-sharing company reported Thursday after the bell in its second-quarter earnings release slow growth in paid users and revenue per user that was below forecasts. Dropbox last quarter saw its slowest growth in paid users since going public in 2018. It was unable to attract more paid users with its try-to-buy freemium
Dropbox shares plummet after user growth slows, but CEO still sees expansion ahead this year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: jasmine kim
Keywords: news, cnbc, companies, growth, expansion, sees, dropbox, houston, investors, users, paid, share, million, revenue, plummet, slows, ahead, quarter, shares, user, ceo


Dropbox shares plummet after user growth slows, but CEO still sees expansion ahead this year

Dropbox CEO Drew Houston told CNBC on Friday that the cloud storage company still has big growth opportunities this year.

“We’re still growing. We had a good quarter. We beat expectations. We actually raised guidance for the year. So there’s still a lot of good stuff in there and obviously we’re very focused on growth and more is better,” Houston said on “Squawk Alley. ”

Shares of Dropbox sank more than 13% on Friday after the file-sharing company reported Thursday after the bell in its second-quarter earnings release slow growth in paid users and revenue per user that was below forecasts.

Dropbox last quarter saw its slowest growth in paid users since going public in 2018. It was unable to attract more paid users with its try-to-buy freemium offer, raising concerns among investors about its ability to convert free users into paying ones.

“We focus on both growing the number of subscribers and the amount of revenue per subscriber. Those are both going to fluctuate given time. We’re operating on a bigger scale,” Houston said.

While Dropbox saw the number of paying users rise to 13.6 million from 11.9 million a year ago, average revenue per user of $120.48 missed estimates of $120.8 according to Refinitiv.

The company’s net loss widened to $21.4 million, or 5 cents a share, from $4.1 million, or 1 cent a share, a year earlier.

Houston believes that the redesigned Dropbox service that was launched in June will continue to be the company’s focus and growth area going into the next quarter.

“What we’re focused on with the new Dropbox is solving new problems for our customers. The big growth opportunity for us is [bringing] the experience of using technology at work [which] has become really fragmented and overwhelming,” he said.

Despite the decline in its shares, the cloud storage company topped Wall Street estimates for the second quarter. Dropbox reported adjusted quarterly profit of 10 cents per share compared with 8 cents per share. Revenue came in at $401.5 million versus $400.9 million expected according to Refinitiv.

In response to what investors should know moving forward, Houston said, “We have more work to do to educate investors on our hybrid model, which combines the best elements of consumer internet and conventional enterprise software but doesn’t look quite like either one.”

“The benefits combined are really profitable. … But we have to help people understand that and understand why we’re so confident about our future.”


Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: jasmine kim
Keywords: news, cnbc, companies, growth, expansion, sees, dropbox, houston, investors, users, paid, share, million, revenue, plummet, slows, ahead, quarter, shares, user, ceo


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Here’s the level where Guggenheim’s Minerd sees the 10-year yield ending its decline for now

Guggenheim’s Scott Minerd said the sharp decline in the benchmark 10-year yield could continue to the 1.4% level before correcting. The 10-year yield, which influences mortgages and other loans, has plunged in the past week, from 2.07 before the Fed’s rate cut a week ago, to as low as 1.59% Wednesday morning. I can see the 10-year getting down to 1.4 before we correct,” said Minerd, global CIO at Guggenheim on CNBC’s The Exchange. The Federal Reserve has shown us that they are on a path to do an


Guggenheim’s Scott Minerd said the sharp decline in the benchmark 10-year yield could continue to the 1.4% level before correcting. The 10-year yield, which influences mortgages and other loans, has plunged in the past week, from 2.07 before the Fed’s rate cut a week ago, to as low as 1.59% Wednesday morning. I can see the 10-year getting down to 1.4 before we correct,” said Minerd, global CIO at Guggenheim on CNBC’s The Exchange. The Federal Reserve has shown us that they are on a path to do an
Here’s the level where Guggenheim’s Minerd sees the 10-year yield ending its decline for now Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: patti domm
Keywords: news, cnbc, companies, going, yields, guggenheims, economy, minerd, decline, interest, week, heres, yield, negative, ending, 10year, level, sees, zero, central


Here's the level where Guggenheim's Minerd sees the 10-year yield ending its decline for now

Guggenheim’s Scott Minerd said the sharp decline in the benchmark 10-year yield could continue to the 1.4% level before correcting.

The 10-year yield, which influences mortgages and other loans, has plunged in the past week, from 2.07 before the Fed’s rate cut a week ago, to as low as 1.59% Wednesday morning.

“Technically, we’re getting to an exhausted level. I can see the 10-year getting down to 1.4 before we correct,” said Minerd, global CIO at Guggenheim on CNBC’s The Exchange. The 10-year was at 1.66% Wednesday afternoon, still well above its all time low near 1.32%, reached during the initial reaction to the U.K.’s Brexit vote in July, 2016.

Minerd repeated his view that U.S. interest rates could reach zero or even turn negative. “I do think ultimately by the time we get to the next recession, zero is definitely in the cards and probably negative yields,” he said, noting European and Japanese yields have been negative.

The Fed cannot right the economy by itself, and needs fiscal stimulus to break the economy out of its rut, he said.

“I think data dependence went out the window. The Federal Reserve has shown us that they are on a path to do anything they have to do to keep the economy going,” he said.

Minerd said that ultimately, there will be a recession and that will push the Fed. “”The Federal Reserve is the only game in town. They are going to do whatever they have to do, including negative interest rates, to keep us going,” he said.

The sharp drop in yields Wednesday started with rate cuts overnight by central banks in New Zealand, Thailand and India, the latest in a global race to reduce interest rates.

Minerd said he was having a hypothetical discussion with his investment committee about what other moves central banks could take. For instance, what if the European Central Bank bought $50 billion in gold to drive its currency lower, which would normally be frowned on and draw attention.

“:This is a crisis. Let’s face it. The rule book of how things are done and how they’re analyzed we can just throw out,” he said. “Everybody is doing whatever they have to do to survive. I don’t rule out anything right now.”


Company: cnbc, Activity: cnbc, Date: 2019-08-07  Authors: patti domm
Keywords: news, cnbc, companies, going, yields, guggenheims, economy, minerd, decline, interest, week, heres, yield, negative, ending, 10year, level, sees, zero, central


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Bank of America: New tariffs to hit earnings and cause stocks to plateau through the end of the year

Bank of America is calling for U.S. stocks to hold near current levels through the rest of the year following President Donald Trump’s move to put new tariffs on Chinese goods, which could further dampen corporate earnings. The firm has a year-end target for the S&P 500 of 2900 points, just a hair below Thursday’s closing price of 2953.56 points. The S&P 500 has enjoyed a run of nearly 18% this year. Last month, Bank of America pointed out that early second-quarter earnings were “healthy” but “w


Bank of America is calling for U.S. stocks to hold near current levels through the rest of the year following President Donald Trump’s move to put new tariffs on Chinese goods, which could further dampen corporate earnings. The firm has a year-end target for the S&P 500 of 2900 points, just a hair below Thursday’s closing price of 2953.56 points. The S&P 500 has enjoyed a run of nearly 18% this year. Last month, Bank of America pointed out that early second-quarter earnings were “healthy” but “w
Bank of America: New tariffs to hit earnings and cause stocks to plateau through the end of the year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-02  Authors: michael sheetz
Keywords: news, cnbc, companies, plateau, america, bank, tariffs, earnings, 500, end, hit, subramanian, sp, signs, cause, stocks, sees


Bank of America: New tariffs to hit earnings and cause stocks to plateau through the end of the year

Traders work on the floor at the New York Stock Exchange (NYSE) in New York.

Bank of America is calling for U.S. stocks to hold near current levels through the rest of the year following President Donald Trump’s move to put new tariffs on Chinese goods, which could further dampen corporate earnings.

The firm has a year-end target for the S&P 500 of 2900 points, just a hair below Thursday’s closing price of 2953.56 points. The S&P 500 has enjoyed a run of nearly 18% this year.

Bank of America sees a host of pressures that “should limit upside” of stocks for the rest of 2019, citing uncertainty from trade, geopolitics and the Federal Reserve, as well as “downward revisions to estimates” from corporate earnings. Last month, Bank of America pointed out that early second-quarter earnings were “healthy” but “warning signs” flashed in the form of some companies lowering forecasts.

“Our sensitivity analysis suggests that fresh tariffs (10% on $300B) would represent a hit to S&P 500 earnings of 30-40bps from rising input costs,” Bank of America’s equity strategist Savita Subramanian said in a note to investors on Friday.

Despite the expected hit to companies’ results, Subramanian said that “we still like US stocks.”

“The ‘easy money’ to be made is in longer term investments,” Subramanian said, adding that Bank of America prefers “inexpensive, domestic quality cyclicals, like Financials” and sees “no signs of an imminent recession / bear market.”

– CNBC’s Michael Bloom contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-08-02  Authors: michael sheetz
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Mizuho calls this company ‘the Apple of oil,’ sees 40% gain

Eli Lilly confirms probe by New York’s Attorney General over…Eli Lily, the maker of blockbuster diabetes treatment Humalog, has been under scrutiny from U.S. lawmakers and the White House over the high cost of its life-saving…Health and Scienceread more


Eli Lilly confirms probe by New York’s Attorney General over…Eli Lily, the maker of blockbuster diabetes treatment Humalog, has been under scrutiny from U.S. lawmakers and the White House over the high cost of its life-saving…Health and Scienceread more
Mizuho calls this company ‘the Apple of oil,’ sees 40% gain Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-02  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, lilly, oil, scrutiny, scienceread, sees, maker, mizuho, company, calls, treatment, yorks, lily, apple, 40, white, probe, gain, overeli


Mizuho calls this company 'the Apple of oil,' sees 40% gain

Eli Lilly confirms probe by New York’s Attorney General over…

Eli Lily, the maker of blockbuster diabetes treatment Humalog, has been under scrutiny from U.S. lawmakers and the White House over the high cost of its life-saving…

Health and Science

read more


Company: cnbc, Activity: cnbc, Date: 2019-08-02  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, lilly, oil, scrutiny, scienceread, sees, maker, mizuho, company, calls, treatment, yorks, lily, apple, 40, white, probe, gain, overeli


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Mizuho calls this company “the Apple of oil,” sees 40% gain

Beijing responds to Trump’s new $300 billion tariff threatChina’s foreign ministry reportedly said Friday that while Beijing did not want a trade war with the U.S., it was not afraid to fight one. China Politicsread more


Beijing responds to Trump’s new $300 billion tariff threatChina’s foreign ministry reportedly said Friday that while Beijing did not want a trade war with the U.S., it was not afraid to fight one. China Politicsread more
Mizuho calls this company “the Apple of oil,” sees 40% gain Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-02  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, tariff, company, trade, apple, beijing, reportedly, war, onechina, threatchinas, calls, oil, 40, trumps, politicsread, mizuho, responds, sees, gain


Mizuho calls this company

Beijing responds to Trump’s new $300 billion tariff threat

China’s foreign ministry reportedly said Friday that while Beijing did not want a trade war with the U.S., it was not afraid to fight one.

China Politics

read more


Company: cnbc, Activity: cnbc, Date: 2019-08-02  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, tariff, company, trade, apple, beijing, reportedly, war, onechina, threatchinas, calls, oil, 40, trumps, politicsread, mizuho, responds, sees, gain


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Verizon CEO sees functioning 5G wireless in half the US next year

Eli Lilly confirms probe by New York’s Attorney General over…Eli Lily, the maker of blockbuster diabetes treatment Humalog, has been under scrutiny from U.S. lawmakers and the White House over the high cost of its life-saving…Health and Scienceread more


Eli Lilly confirms probe by New York’s Attorney General over…Eli Lily, the maker of blockbuster diabetes treatment Humalog, has been under scrutiny from U.S. lawmakers and the White House over the high cost of its life-saving…Health and Scienceread more
Verizon CEO sees functioning 5G wireless in half the US next year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, lilly, scrutiny, wireless, scienceread, sees, 5g, maker, lily, treatment, yorks, verizon, ceo, white, probe, functioning, overeli, half


Verizon CEO sees functioning 5G wireless in half the US next year

Eli Lilly confirms probe by New York’s Attorney General over…

Eli Lily, the maker of blockbuster diabetes treatment Humalog, has been under scrutiny from U.S. lawmakers and the White House over the high cost of its life-saving…

Health and Science

read more


Company: cnbc, Activity: cnbc, Date: 2019-08-01  Authors: jessica bursztynsky
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The chances of a no-deal Brexit are ‘quite high,’ says CEO

The chances of a no-deal Brexit are ‘quite high,’ says CEO12 Hours AgoRichard Harris of Port Shelter Investment Management says U.K. Prime Minister Boris Johnson sees a no-deal Brexit as part of the negotiations with the European Union.


The chances of a no-deal Brexit are ‘quite high,’ says CEO12 Hours AgoRichard Harris of Port Shelter Investment Management says U.K. Prime Minister Boris Johnson sees a no-deal Brexit as part of the negotiations with the European Union.
The chances of a no-deal Brexit are ‘quite high,’ says CEO Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-29
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The chances of a no-deal Brexit are 'quite high,' says CEO

The chances of a no-deal Brexit are ‘quite high,’ says CEO

12 Hours Ago

Richard Harris of Port Shelter Investment Management says U.K. Prime Minister Boris Johnson sees a no-deal Brexit as part of the negotiations with the European Union.


Company: cnbc, Activity: cnbc, Date: 2019-07-29
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