Tourists view the Qiantang River Tide at Haining during the National Day holiday on Oct. 7, 2017 in Jiaxing, Zhejiang Province, China. Domestic travel destinations were popular among Chinese tourists during the Golden Week holiday this year. VCG | Getty Images BEIJING — The biggest spenders of China’s rising middle […]
CNBC News
If impeachment inquiry drags on, Democrats risk sparking sympathy for Trump
US President Donald Trump gestures to supporters as he arrives for a campaign rally in Rio Rancho, New Mexico, on September 16, 2019. Nicholas Kamm | AFP | Getty Images The impeachment inquiry of U.S. President Donald Trump could turn into a big risk for House Democrats, especially if it […]
As Facebook and Apple encroach on finance, top banks are teaming up with younger rivals
People walking in front of modern office buildings, in Canary Wharf, London. Easyturn | E+ | Getty Images Big banks know they need to change with the times. And to do that, many are striking partnership deals or buying into nimble start-up competitors as an alternative to building out costly […]
Canada will take a harder stance on China — no matter who wins the next election
A man walks past flags of Canada and China in front of Tiananmen Gate in Beijing, 21 October 2003, hoisted ahead of a four-day official visit by Canadian Prime Minister Jean Chretien. FREDERIC J. BROWN | AFP | Getty Images No matter who takes the top job in Canada at […]
World Trade Organization rules are ‘inadequate,’ says former People’s Bank of China governor
Shipping containers at the Port of Seattle. Patti Domm | CNBC World Trade Organization rules are “inadequate” in protecting interests of developing countries and the organization has “encountered massive difficulties” in carrying out its core functions, said a former People’s Bank of China governor. In a sharp critique of the international […]
China, the world’s second largest defense spender, becomes major arms exporter
Soldiers of People’s Liberation Army stand inside tanks at a drill during an organized media tour at a PLA engineering academy. Petar Kujundzic | Reuters Beijing has not only become a major defense spender, but increasingly analysts say China is also turning into a top arms exporter. Over the past […]
China, the world’s second largest defense spender, becomes a major arms exporter
Soldiers of People’s Liberation Army stand inside tanks at a drill during an organized media tour at a PLA engineering academy. Petar Kujundzic | Reuters Beijing has not only become a major defense spender, but increasingly analysts say China is also turning into a top arms exporter. Over the past […]
Progyny, which manages fertility benefits for large employers, has hired banks for an IPO
George Kavallines | CNBC Progyny, a company that manages fertility benefits on behalf of large employers, has hired banks and is planning to file to go public in the coming days, according to people familiar with the plans. The company has tapped J.P. Morgan as its lead bank and could […]
Everything Jim Cramer said on ‘Mad Money,’ including presidential fears, Peloton IPO, housing market
CNBC’s Jim Cramer explains why Wall Street fears a potential Elizabeth Warren presidency and where investors should put their money. The “Mad Money” host makes recommendations on the stocks of Herman Miller, Steelcase and Peloton after its new public listing. Cramer sits down with Taylor Morrison CEO Sheryl Parker and […]
Jim Cramer breaks down Peloton’s IPO, reveals the right time to buy the stock
CNBC’s Jim Cramer on Thursday suggested investors refrain from buying shares of newly public Peloton until the price is down at least $4 from its first trade. After the IPO priced at $29, raising $1.16 billion, the exercise equipment maker opened on the Nasdaq Composite at $27 and rose briefly […]