No Picture
Trading Ideas

BIS warns of trade war threat but says rates should keep rising

The Bank for International Settlements (BIS) urged the world’s top central banks to keep lifting interest rates on Sunday, but warned escalating trade tensions between the United States and China could turn into a dangerous downward spiral. The new head of the BIS, former Mexican central bank chief Agustin Carstens, spoke to Reuters as the central bank umbrella group delivered its first annual report under his watch. …read more […]

No Picture
Trading Ideas

Cisco is buying a startup that uses WiFi to gather data from people as they move around malls and airports (CSCO)

Cisco announced its intent to acquire July Systems, a startup that uses wifi to gather insights about visitor behavior in physical spaces like malls, stadiums and airports. Cisco, which already partnered with July Systems, plans to scale the startup’s technology and apply it to new physical spaces such as hospitals and government buildings. It’s unclear how much Cisco will pay for July Systems. But the Sequoia and Intel Capital-backed start up was last valued at $45 million in a 2012 funding round. …read more […]