Here are the main themes at World Economic Forum 2020

Here are the main themes at World Economic Forum 2020

BERLIN, GERMANY – FEBRUARY 07: German Chancellor Angela Merkel in the course of a special faction meeting, on February 07, 2018 in Berlin, Germany. Florian Gaertner Where are we headed? Thousands of politicians and business leaders will address this question as they attend this year’s World Economic Forum (WEF) in Davos, Switzerland. Next week’s gathering … Read more…

Climate crisis threatens more than half of the world's GDP, WEF says

Climate crisis threatens more than half of the world’s GDP, WEF says

Burnt trees are seen in Mallacoota on January 15, 2020 , Australia. The Princes Highway between Mallacoota and Orbost remains closed to public due to the risk of falling trees following the devastating bushfires that have swept through East Gippsland in recent weeks. Luis Ascui | Getty Images Over half of the world’s GDP (gross … Read more…

Davos elites will be buzzing about corporate responsibility and its limits

Davos elites will be buzzing about corporate responsibility and its limits

Klaus Schwab, founder and Executive Chairman of the World Economic Forum (WEF), addresses a news conference ahead of the Davos annual meeting in Cologny near Geneva, Switzerland, January 14, 2020. Denis Balibouse The world’s most influential executives will soon swarm the World Economic Forum in Davos, Switzerland, where they will embrace the idea that corporations … Read more…

WEF says global power rivalries is the super-risk to progress

WEF says global power rivalries is the super-risk to progress

U.S. President Donald Trump attends a bilateral meeting with China’s President Xi Jinping during the G-20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lamarque | Reuters A unilateral world of “great power rivalries” is likely to threaten an urgent need for action on key global priorities, according to the World Economic Forum (WEF). … Read more…

5 things to know before the stock market opens January 16, 2020

5 things to know before the stock market opens January 16, 2020

1. Futures indicate more stock records at Wall Street’s open Traders work during the opening bell at the New York Stock Exchange (NYSE) on January 13, 2020 on Wall Street in New York City. Johannes Eisele | AFP | Getty Images After the signing of the preliminary U.S.-China trade deal, stock futures were pointing to … Read more…

Morgan Stanley Earnings Q4 2019 beat estimates

Morgan Stanley Earnings Q4 2019 beat estimates

James Gorman David A. Grogan | CNBC Morgan Stanley posted profit and revenue that exceeded analysts’ expectations. The bank said Thursday that fourth-quarter profit surged 46% to $2.24 billion, or $1.30 a share, compared with the 99 cent estimate of analysts surveyed by Refinitiv. Revenue climbed 27% to $10.86 billion, exceeding the $9.72 billion estimate by … Read more…

Davos prepares for climate crisis showdown

Davos prepares for climate crisis showdown

Swedish environmental activist Greta Thunberg watches as U.S. President Donald Trump enters the United Nations to speak with reporters in a still image from video taken in New York City, U.S. September 23, 2019. REUTERS | Andrew Hofstetter | File Photo President Donald Trump and Swedish climate activist Greta Thunberg will both attend the World … Read more…

JPMorgan admits to `terrible customer experience' in Congress letters

JPMorgan admits to `terrible customer experience’ in Congress letters

People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images J.P. Morgan Chase admitted to failures brought to light in a New York Times article last month and said it had taken a series of steps to learn from the episode. In letters to congressmen … Read more…

Why Bitcoin? Angry Lebanese Protesters Attack Banks, Demand Access to Deposits

Why Bitcoin? Angry Lebanese Protesters Attack Banks, Demand Access to Deposits

The situation in Lebanon just got intense as the Western Asian country is currently facing what appears to be its worst economic crisis since the end of its civil war in 1990. Reports from international news media, France 24, today revealed that angry protesters launched a night-time attack on several banks in the Beirut, the … Read more…

Bank of America (BAC) earnings Q4 2019 top expectations

Bank of America (BAC) earnings Q4 2019 top expectations

Bank of America on Wednesday posted profit that exceeded analysts’ expectations on a rebound in trading revenue and as the company repurchased shares. The bank said fourth-quarter profit was $7 billion, a 4% decline from a year earlier. But earnings per share were 74 cents, an unexpected 6% increase, helped by a reduction in outstanding shares. … Read more…