The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
BUENOS AIRES, Aug 11 (Reuters) - Argentines have their first chance on Sunday to head to the ballot boxes in a high-stakes presidential race in which they must choose between staying the course of painful austerity measures or a return to interventionist economics.
The country's main political parties have already chosen their nominees, so the primary election, known locally as the PASO, serves as the first concrete measure of voter sentiment after a slew of opinion polls showed a narrow margin between President Mauricio Macri and main challenger Alberto Fernandez.
Business-friendly Macri is hoping some recent glimmers of economic revival are enough to encourage voters to stick with him despite the current recession and biting inflation. Argentina's country risk fell 20 basis points on Friday and local Merval index rose 7%.
For voters, sticking with him would mean seeing through painful cuts in public spending as part of the $57 billion standby agreement he negotiated with the International Monetary Fund last year.
Peronist candidate Fernandez, who has firebrand former President Cristina Fernandez de Kirchner as his running mate, has promised access to free medicines for retirees and better wages for workers while hammering Macri for the uptick in poverty and unemployment as the country grapples with recession and 55% inflation.
"I don't think that in the face of another Macri triumph, things will improve. On the contrary, they will get worse," said Pablo Vazquez, 48, adding that he is worried about losing his job and has noticed more homeless people on the streets.
Investors, though, see Fernandez and Kirchner as a riskier prospect than sticking with free-markets advocate Macri.
As recent polls show the pair with a narrow lead, markets are bracing for the Fernandez ticket to come out ahead of Macri in Sunday's primary, said Credit Suisse analyst Casey Reckman.
The severity of market reaction could depend on the margin of victory between Fernandez and Macri, and whether or not the winner netted enough votes to indicate a potential win in the first round of the presidential election in October, Reckman said.
In order to win the presidency outright in October, a candidate needs at least 45% of the vote or 40% and a difference of 10 percentage points over the second-place runner. If there's no clear winner, voters will return for a run-off on Nov. 24.
A widened gap between Fernandez and Macri on Sunday could spook markets, prompting a new wave of volatility that sends the peso spiraling, further dimming Macri's chances of re-election.
"It's a question of whether Macri can continue to build support. The backdrop for his momentum has been the absence of financial volatility, the decline in inflation, improving confidence and some signs of economic recovery. This event could influence sentiment around that question," Reckman said. (Reporting by Cassandra Garrison and Nicolas Misculin; additonal reporting by Miguel Lo Bianco; editing by Hugh Bronstein)