Wall Street angst is overdone but keep your 'seat belt fastened', a top market watcher says

It may get messy, but PNC Financial’s Jeffrey Mills believes the market is in a “pretty decent spot.” According to the firm’s co-chief investment strategist, Wall Street angst over geopolitical headwinds is essentially overdone, and strong earnings will ultimately dominate. “I would still characterize this market as there’s nothing to fear, but fear itself,” he said Thursday on CNBC’s “Futures […]

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Munich Re to back away from coal-related business: CEO

BERLIN (Reuters) – Munich Re (MUVGn.DE), the world’s biggest reinsurer, will stop investing in bonds and shares of companies that generate more than 30 percent of their sales with coal-related business, its chief executive said, caving to pressure from investors. The company logo of German reinsurer Munich Re is seen before the company’s annual news conference in Munich, Germany, March […]

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One word to describe the new Brylcreem campaign? Brill!

The iconic British brand acquired by Unilever in 2009 from American major Sara Lee, is attempting to get a new image with actors Sidharth Malhotra and Varun Dhawan. Advertisements for male grooming products have traditionally revolved around great imagery, slick styles and attracting the ladies with a dash of machismo. But that was in the days of yore, before present […]

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Airports find a new source of revenue: Attaching hotels to terminals

Recently, Twin Cities officially cut the ribbon on a new four-star hotel at the Minneapolis-St. Paul International Airport (MSP). A growing number of travel hubs gives flyers new accommodations that let them skip a hectic commute to a hotel, and go straight to a comfortable room with all the perks. Recently, Twin Cities officially cut the ribbon on a new […]

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Tesla could make it through 2018 without running out of money

Tesla CEO Elon Musk. Joe Skipper / Reuters Tesla reported Q2 earnings on Wednesday , with a wider loss than expected but a beat on revenue. Tesla ended the quarter with $2.2 billion in cash and expected total capex for 2018 to be less than $2.5 billion, roughly $1 billion less than in 2017. “Ultimately, our capital expenditure guidance will […]

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Goldman Close to Naming Esposito as Co-Head of Trading Unit

Goldman Sachs Group Inc. is close to naming Jim Esposito global co-head of its trading arm, according to a person familiar with the matter. Esposito, an American based in London, would run the securities unit with Ashok Varadhan, according to the person, who asked not to be named because the matter is private. While Varadhan has been co-head of the […]

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McDonald’s Unveils MacCoin To Celebrate Big Mac

McDonald’s Corp. (MCD) has unveiled MacCoin, a limited edition global currency, to celebrate the 50th anniversary of the iconic Big Mac burger. MacCoin has no cash value and is only redeemable for one free Big Mac at participating McDonald’s restaurants through 2018. Customers can receive a MacCoin with the purchase of a Big Mac. Starting August 2, customers can share, […]

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