Emerging markets look like they could be at the losing end when the U.S. Federal Reserve raises interest rates and when oil prices climb, but there are still enough reasons to invest in bonds from developing countries, Bank of Singapore said Thursday. Rising interest rates make it harder for governments […]
CNBC News
Hyperloop wants to bring its futuristic people-mover to the Middle East — and it wants to do it soon
Hyperloop Transportation Technologies wants to build a high-speed transportation system in the Middle East that can reduce the travel time between the likes of Dubai, Abu Dhabi and Saudi Arabia, a top executive told CNBC. HTT is one of the companies developing the hyperloop, a futuristic, super-fast transportation system. It […]
Intel is ditching its wearables effort
Intel on Wednesday confirmed it has chosen to close its New Devices Group, which has worked on augmented reality glasses and other consumer products. With the move to leave the wearables market, Intel will remain focused on delivering chips for PCs, servers and other hardware, while also looking at emerging […]
China says it’s ready to deal with any fallout from trade row with US
China is well-prepared to deal with any negative effect from its trade spat with the United States, and hopes the U.S. will not underestimate China’s resolve to fight back, the Chinese commerce ministry said on Thursday. The U.S. would be making a miscalculation if it is determined to contain China’s […]
Stocks in Asia notch moderate gains after Wall Street rises on earnings
Markets in Asia tracked modestly higher on Thursday amid improved investor sentiment after U.S. stocks notched gains in the last session. The Nikkei 225 added 0.65 percent, with the materials sector contributing to gains. The Topix subindexes for steel and non-ferrous metals were among the best-performing sectors, rising 3.35 percent […]
South Africa’s new president is lifting investor sentiment: Central bank chief
South Africa’s investor appeal is experiencing a robust recovery under the two-month old government of President Cyril Ramaphosa, the country’s Reserve Bank Governor Lesetja Kganyago said on Thursday. Since Ramaphosa took power, both business and consumer confidence have improved, Kganyago told CNBC’s Joumanna Bercetche at the IMF and World Bank […]
California will get 400 National Guard troops to combat criminal activity under new agreement
California said on Wednesday it had reached a deal with the Trump administration to provide 400 National Guard troops to combat criminal gangs, human traffickers and illegal firearm and drug smugglers within the state and at the U.S.–Mexico border. California National Guard troops will not enforce immigration laws or participate […]
Hip hop culture comes under scrutiny in China, but some of it gets a pass
Amid restrictions aimed at China’s burgeoning hip hop scene, some elements associated with the culture appear to be getting a pass. Although rules specifically targeting hip hop were not available on official platforms, Chinese news site Sina Entertainment reported in January that regulators had requested that television programs avoided guests […]
Zuckerberg should look to Starbucks CEO Kevin Johnson on how to handle a crisis: Management guru
Facebook executives should look to Starbucks leadership on how to handle a company crisis, Yale management guru Jeffrey Sonnenfeld told CNBC on Wednesday. Starbucks is making quick and clear changes following outrage over the arrests of two black men at one of its cafes in Philadelphia last week. Meanwhile, Facebook […]
Lockheed Martin just got one step closer to handing hypersonic weapons to the US Air Force
Speed is undoubtedly the new stealth and the Pentagon’s top weapons supplier just got one step closer to handing hypersonic weapons to the U.S. Air Force. Lockheed Martin secured a $928 million contract to build an undefined number of hypersonic conventional strike weapons, the Pentagon said Wednesday in a statement. […]