Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
The Wall Street Journal's report came as a top Ukraine official said President Donald Trump "is looking" for Ukraine officials to investigate business dealings of Biden's son...Politicsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
Gun maker Colt announced Thursday that it will halt its production of AR-15 rifles for civilian sales, but the news might not be as exciting for gun control advocates as it...Guns and Weaponsread more
As thousands of people across the world participate in the Global Climate Strike, several Democratic presidential candidates have shared how they will take aggressive action...Scienceread more
Wealth managers at Swiss bank Credit Suisse have advised their high-net worth clients to think about moving assets out of the U.K. due to the uncertainty surrounding Brexit, according to a report from the Financial Times.
The FT reported Tuesday that clients with a net worth of at least $30 million, known as ultra-high net worth individuals (UNHWI), were advised they might want to "accelerate" plans to move their investments out of London before Prime Minister Theresa May's upcoming vote in Parliament in the third week of January.
On Monday, May said she intended to hold the vote on her Brexit plan in the week starting Jan. 14. Britain's leader of the opposition, Jeremy Corbyn, tabled a motion of no confidence in May, saying it was unacceptable for Parliament to wait another month to vote on the deal.
U.K. lawmakers were initially scheduled to have their say on the terms of Britain's withdrawal from the EU last week but the prime minister delayed the vote, admitting she was likely to lose.
This has led to a lot of uncertainty surrounding the path for Brexit — something that markets and investors don't like. The FT reported in October this year that multimillionare investors were rushing to the Channel Islands and Switzerland to set up accounts and also preparing to emigrate instead of risking the possibility of a "wealth tax" if Labour leader Corbyn were to come to power.
However, not everyone agrees that leaving the U.K. is the right course of action. "We certainly wouldn't encourage clients to get their money out and run," one banker, who asked not to be identified, told the FT. "Our role as wealth advisers is to calm some of the hysteria going on rather than add to it."
The bank told CNBC Tuesday that "Credit Suisse does not currently hold a house view that clients should move assets out of the UK due to Brexit or other political developments in the UK."
Read the full report here.