North, South Korea leaders to meet at border for summit

North, South Korea leaders to meet at border for summit

South Korean President Moon Jae-in will meet North Korean leader Kim Jong Un on Friday as the latter crosses a military demarcation line to the South for the first summit between the two sides in more than a decade, South Korea said. South Korean honour guards will then escort the leaders to a welcome ceremony at a plaza in Panmunjom, the border village where the summit is to be held, the South’s presidential chief of…

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A failed US-North Korea summit could increase the risk of armed conflict

A failed US-North Korea summit could increase the risk of armed conflict

If diplomatic talks between President Donald Trump and North Korean leader Kim Jong Un don’t produce any kind of agreement on the rogue state’s nuclear weapons program, that could bolster Washington’s appetite for military action, strategists warned. The leaders are expected to hold a summit in late May or June following a tumultuous 2017 that saw both exchange heated insults against the backdrop of Pyongyang’s frequent missile launches. While the anticipated meeting is considered a…

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Telecommunications companies are angling for ‘the next level’

Telecommunications companies are angling for ‘the next level’

Content is still king. That’s the message from media executives at the 2018 APOS summit, in Bali, but it’s not platforms such as Netflix or YouTube that have everyone talking this year. It was the telecommunications companies like Singapore’s Singtel, the Philippines’ Globe Telecom and Australia’s Optus. In some ways, it seemed those firms had been deemed the new media companies. James Jeng, president of Taiwan Mobile, told CNBC there is one word representing his…

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Cramer: Don’t panic over the rising 10-year Treasury yield

Cramer: Don’t panic over the rising 10-year Treasury yield

The 10-year Treasury yield reached 3 percent Tuesday morning for the first time in five years, causing all major indices to plunge. But CNBC’s Jim Cramer said there’s no reason to start selling. “You now have lots of investors and commentators acting like this is indeed the end of the world, or, at the very least, I should say, the end of the bull,” the host of “Mad Money” said on Wednesday. But, he said,…

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After-hours buzz: FB, T, CMG & more

After-hours buzz: FB, T, CMG & more

Check out the companies making headlines after the bell: Shares of Facebook surged 7 percent after hours. The social networking service’s earnings and revenues both surpassed expectations. Daily and monthly active users bounced back. Average revenue per user also increased this quarter, surprising investors. AT&T stock dropped more than 4 percent post-market. The telecommunications company reported earnings and revenues that missed analyst expectations that sent shares falling further. The stock is already down over 10…

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Allegiant Air: Bookings return to near normal after ’60 Minutes’ report criticized safety record

Allegiant Air: Bookings return to near normal after ’60 Minutes’ report criticized safety record

Allegiant Travel Co. bookings fell and cancellations rose following a report on CBS’ “60 Minutes” that criticized the company’s safety record, but they are returning to normal levels, company executives said Wednesday. The segment, which aired April 15, said the budget airline ismore likely to have in-flight mechanical problems than its competitors. The company reported its 61st consecutive quarter of profit, it said Wednesday, posting per-share earnings of $3.42, more than 35 percent higher from…

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Facebook’s cash hoard has more than doubled in two years

Facebook’s cash hoard has more than doubled in two years

Facebook is a cash machine. No matter the deteriorating public sentiment or concern about the company’s reliance on mobile ads, businesses are shelling out increasing amounts of money to get their brands in front of the social network’s users. Facebook said in its first-quarter earnings report on Wednesday that cash and equivalents rose to $44 billion in the period. That’s more than double the amount the company held just two years ago, when its cash…

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Without mentioning his buddy Trump by name, France’s Macron just tore into the US president’s policies

Without mentioning his buddy Trump by name, France’s Macron just tore into the US president’s policies

There’s no election for leadership of the “liberal world order” — the U.S.-constructed system of laws and values underpinning American prosperity since World War II. But French President Emmanuel Macron has seized it with words just the same. He underscored that with his speech to a joint meeting of Congress on Wednesday, which got a warm bipartisan reception even as it challenged the American host he calls “dear Donald” Trump. “We can choose isolationism, withdrawal…

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Forget smartphones, this ‘Staten Island Hustle’ star invested $200,000 in a ‘dumb’ phone

Forget smartphones, this ‘Staten Island Hustle’ star invested $200,000 in a ‘dumb’ phone

It’s no secret consumers love smart phones: One report estimated there will be six billion of them by 2020. And, the market to sell those phones is dominated by giant companies like Apple, Samsung and Google. But KidsConnect, a New Jersey-based business featured on CNBC’s “Staten Island Hustle,” is selling $129.95 “dumb phones” with only four buttons. Dom Detore, a serial entrepreneur, general contractor and star of “Staten Island Hustle,” saw the product’s simplicity as…

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How fake Mark Zuckerbergs scam Facebook users out of their cash

How fake Mark Zuckerbergs scam Facebook users out of their cash

A Facebook notification on Gary Bernhardt’s phone woke him up one night last November with incredible news: a message from Mark Zuckerberg himself, saying that he had won $750,000 in the Facebook lottery. “I got all excited. Wouldn’t you?” said Mr. Bernhardt, 67, a retired forklift driver and Army veteran in Ham Lake, Minn. He stayed up until dawn trading messages with the person on the other end. To obtain his winnings, he was told,…

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