Chinese investors are putting their money in a lot of places. That rarely means stocks

Chinese investors are putting their money in a lot of places. That rarely means stocks

Stocks still rank low on the popularity list for Chinese investors, while private funds are playing a larger role in the country’s asset management market — which many predict will soon become the world’s second largest. Mainland Chinese assets under management grew 22 percent last year to $4.2 trillion, outpacing growth of 13 percent in North American assets under management, Boston Consulting Group said in a July report. The North American market remains the largest…

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Trump support dips among farmers as trade war wallops agriculture

Trump support dips among farmers as trade war wallops agriculture

Support for President Donald Trump among farmers has dipped as the trade war with China drags on, according to a Farm Journal Research survey published Tuesday. Trump received about 70 percent of farmers’ votes in the 2016 election but a new poll shows only more than 50 percent would vote for him again. The poll found that over 40 percent of them view Trump unfavorably and 35 percent “less favorably” since the trade war erupted….

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Twitter cracks down on right-wing media personality Alex Jones

Twitter cracks down on right-wing media personality Alex Jones

Twitter has restricted the account of right-wing media personality Alex Jones for violating its policies, the company told CNBC. Jones will be blocked from posting on Twitter for seven days because of a post that linked to a policy-violating video, Dow Jones reported. A Twitter representative told CNBC: “I can confirm that a tweet was reported to us which contained a link to a video on Periscope. Upon review we determined it violated our rules…

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Twitter restricts the account of right-wing media personality Alex Jones

Twitter restricts the account of right-wing media personality Alex Jones

Twitter has restricted the account of right-wing media personality Alex Jones for violating its policies, according to a Tuesday report. Jones will be blocked from posting on Twitter for seven days, Dow Jones reported, citing the company. According to that report, the social media platform suspended Jones for a policy-offending tweet, but it declined to comment on the content in question. Dow Jones reported that Twitter sent Jones a note citing his promotion of a…

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South Korea wants a railway ‘community’ with North Korea, China and the US

South Korea wants a railway ‘community’ with North Korea, China and the US

South Korean President Moon Jae-in wants to create a Northeast Asian railroad community with North Korea, the United States, China, Japan, Russia and Mongolia, Yonhap News reported on Wednesday. Speaking at an event marking his country’s independence from Japanese rule, Moon said such a “community” would could eventually herald the launch of a “multilateral security system” in the region, according to the report. “This community will lead to an energy bloc and economic bloc in…

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5 steps to finding your perfect mentor

5 steps to finding your perfect mentor

We hear it all the time: To get ahead at work, you need to find a mentor. But doing so can be easier said than done. Just who are you supposed to call on and what are you supposed to ask? One person who has relied heavily on mentors to steer her career is 36-year-old Jayna Cooke. Her mentors guided her through the ranks at Groupon before she went on to found her own start-up….

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China could reportedly use its ‘unwritten’ tech rules as an ‘invisible tool’ against US firms

China could reportedly use its ‘unwritten’ tech rules as an ‘invisible tool’ against US firms

With Sino-American trade tensions escalating, China’s cybersecurity standards could be used as an “invisible tool” of retaliation against Washington’s tariffs, according to one expert. Those so-called standards are government-issued guidelines about things like firewalls and software that are technically voluntary, but are oftentimes treated as mandatory by foreign firms’ Chinese business partners. Over the past several years, Beijing has issued close to 300 new national standards, Washington-based think tank the Center for Strategic and International…

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Asian markets edge lower; Turkish lira holds onto overnight gains

Asian markets edge lower; Turkish lira holds onto overnight gains

Asian shares slipped in early Wednesday trade even as recent worries over Turkey’s currency crisis moderated on the lira’s overnight gains. In Japan, the Nikkei 225 drifted lower by 0.09 percent in the morning after the last session’s near 500-point bounce. Technology stocks traded slightly lower in early trade, while miners, utilities and shipping stocks recorded gains. Australian stocks also slipped, with the S&P/ASX 200 edging down by 0.32 percent. The heavily weighted financials sector,…

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Asian markets edge lower, with Hang Seng leading declines; Turkish lira steadies

Asian markets edge lower, with Hang Seng leading declines; Turkish lira steadies

Asian shares slipped in Wednesday trade, although recent worries over Turkey’s currency crisis moderated as the lira stabilized after its recent drop. In Japan, the Nikkei 225 shed 0.44 percent after the last session’s near 500-point bounce. Most sectors traded lower in morning trade, with the oil and coal products sector leading losses as oil prices slipped, while financials and technology also recorded declines. Among heavyweights, SoftBank Group dropped 1.29 percent and Fast Retailing slipped…

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Bitcoin is ‘useless as a payment mechanism and ridiculous as a store of value,’ ex-PayPal CEO says

Bitcoin is ‘useless as a payment mechanism and ridiculous as a store of value,’ ex-PayPal CEO says

Bitcoin will continue to fall, because “there’s just no value there,” former PayPal CEO Bill Harris told CNBC on Tuesday. “The cult of bitcoin [makes] many claims — that it’s instant, free, scalable, efficient, secure, globally accepted and useful — it is none of those things,” Harris said on CNBC’s “Fast Money.“ Harris, who is also founder of Personal Capital Corporation, came out swinging against bitcoin in an April op-ed in which he called the…

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