Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Agricultureread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Silver's rally could be losing its shine after the precious metal reached its year-to-date high, futures experts warn.Futures Nowread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
Currency strategists, including a team at Swiss bank Julius Baer, are predicting more weakness for sterling as investors continue to fret over the U.K.'s split from the European Union.
"An intended more lavish BoE (Bank of England) policy going forward and lasting double deficits, i.e. of the current account and of the fiscal budget, are fundamental factors for further erosion of the British pound," Janwillem Acket, the chief economist at Julius Baer, said in a note Tuesday. The bank is predicting that sterling could reach parity with the euro in the next year.
The further dip in sterling on Tuesday, pushed it below below 1.30 against the U.S. dollar, came after weak data for the services industry in the U.K. and after a financial stability report by the Bank of England. The central bank has signaled that it could ease over the summer and some are suggesting more quantitative easing could be on the cards.
However, more money printing and aggressive easing is usually detrimental to currency prices and is likely to push the pound lower.
"Currency weakness will be tolerated (by the Bank of England) if not actively welcomed. Positioning will dictate the pace of the fall," Kit Juckes, global head of foreign exchange strategy at Societe Generale, said in a morning note.
The ruling Conservative party will hold the first stage of its selection process for a new leader on Tuesday evening and potential candidates have been busy putting their ideas forward for the post-Brexit environment. Meanwhile, investors have been spooked by two U.K. property funds which has been halted after a string of outflows.