CNBC News

A former librarian in Utah will serve 30 days in jail after he was found guilty of spending around $89,000 in public money on a mobile app called “Game of War,” a local news outlet The Herald Journal reported. Adam Winger was a director at the North Logan City Library for about three years before he was placed on administrative leave last summer, which quickly followed with his resignation three months later. Winger pleaded guilty…

A controversial Hong Kong politician wants the United States to sanction his city as part of its ongoing trade war with China in hopes of somehow achieving his dream of independence and democracy. Analysts and investors largely agree that sounds far-fetched — even accounting for U.S. President Donald Trump’s willingness to break longstanding norms — though some wouldn’t completely rule it out. Andy Chan Ho-tin, a member of the Hong Kong National Party, says China…

A Chinese delegation led by vice commerce minister Wang Shouwen will travel to the United States for trade talks in late August, China’s Ministry of Commerce said on Thursday. The talks are at the invitation of the United States and will be held with U.S. Under Secretary of Treasury for International Affairs David Malpass, the commerce ministry said. China’s commerce ministry said in its statement that Beijing will not accept any unilateral trade measures but…

Toyota Motor is likely to make 120,000 more cars a year in the Chinese port city of Tianjin as part of a medium-term strategy that’s gathering pace as China-Japan ties improve, said four company insiders with knowledge of the matter. The Japanese auto maker’s plan to boost annual production capacity by about a quarter in the port city will lay the foundation to increase sales in China to two million vehicles per year, a jump…

Asian shares declined on Thursday, taking cues from losses on Wall Street after Chinese internet giant Tencent reported a fall in quarterly profit — a disappointing result that weighed on the tech space stateside. The Nikkei 225 fell by 1.38 percent in early hours trade, with all sectors in Tokyo recording losses, as the oil and coal producers saw the largest decline of 5.3 percent. South Korea’s Kospi declined by 1.40 percent, as its tech…

Asian shares slipped on Thursday, but pared some of the steeper losses seen earlier after China announced it was planning for a new round of trade talks with the United States. Beijing said it had accepted an invitation from the U.S. to take part in trade negotiations in late August. The country’s vice commerce minister Wang Shouwen will lead the Chinese delegation in talks with U.S. officials. China’s commerce ministry added that China was against…

As the stock market looks ready to make records for the longest bull run, some critics have said that it won’t last, but the bull market has too much support for that to be true, CNBC’s Jim Cramer said. The Mad Money host argues that both active and passive shareholders are doing their part to keep the bull market alive. Through index funds from the likes of Vanguard and BlackRock, ordinary investors save for retirement,…

Major players in the beverage industry will follow Constellation Brands into the cannabis industry, Jon Taffer, host of Paramount’s “Bar Rescue,” told CNBC on Wednesday. “I don’t think anybody is going to let Constellation control this space, so I think they’re the first one. I think they’re aggressive. And the next ones will be more defensive,” the bar consultant said on CNBC’s “Closing Bell.” Constellation announced an additional $4 billion stake in Canopy Growth, which…

Through Post Holdings‘ acquisitions and its spin-off of a private label division that analysts disliked, the packaged food company behind Honey Bunches of Oats and Chips Ahoy has become a stock to watch, CNBC’s Jim Cramer said on Wednesday. “It’s taken a while for them to get the credit they deserve, but now that the company has shown that it knows how to unlock value by selling pieces of its subsidiary brands, the stock has…

Sen. Elizabeth Warren believes that U.S. trade policies “have not been written to enrich Americans.” In an interview with CNBC’s Jim Cramer, the Massachusetts Democrat criticized trade deals that prioritize the interest of corporations, and also shared details about a new bill she introduced on Wednesday called the Accountable Capitalism Act. Warren pointed to the investor-state dispute settlement (ISDS) system, which allows companies to sue foreign governments over regulations that the company deems discriminatory, as…