Global stocks were on track to post their biggest weekly decline since the height of the euro zone crisis on Friday, after a late slump on Wall Street triggered another dramatic sell-off. The MSCI’s broadest index of global shares — which captures worldwide equity returns in 23 developed and 24 […]
CNBC News
Amazon reportedly launching a delivery service for businesses; FedEx, UPS shares slide
Amazon is gearing up to launch a delivery service for businesses, the Wall Street Journal reported on Friday. This would pit the e-commerce giant against the likes of FedEx and UPS. The service is called “Shipping with Amazon” and will see the tech giant picking up packages from businesses and […]
House passes budget deal and ends government shutdown
The House passed a bill Friday to set up a major spending increase and end a brief government shutdown, sending it to President Donald Trump for his signature. Both chambers of Congress passed a short-term funding bill and cleared the way for a boost to military and domestic spending hours […]
US stock markets set to rally at the open after Dow plummets 1,000 points and enters correction territory
U.S. stock index futures were higher ahead of Friday’s open, as investors kept abreast of the volatile trading seen in markets worldwide. Around 5:00 a.m. ET, Dow futures were up 102 points, indicating an open of 246.54 points. The Nasdaq and S&P 500 futures also indicated a positive open. The […]
Google slapped with $21 million fine in India for abusing dominant position
India’s antitrust watchdog on Thursday imposed a 1.36 billion rupees ($21.17 million) fine on Google for “search bias” and abuse of its dominant position, in the latest regulatory setback for the world’s most popular internet search engine. The Competition Commission of India (CCI) said Google, the core unit of U.S. […]
Heading to South Korea for the Winter Olympics? Here are five of its Michelin-starred restaurants
Over the next few weeks, thousands of people will visit South Korea for the Winter Olympics in Pyeongchang. From Nigeria to Norway, athletes from around the world will compete for medals in disciplines ranging from bobsleighing to ice hockey. While the sporting action will take place in Pyeongchang, Seoul — […]
Facebook is testing a ‘downvote’ button for users to flag and hide inappropriate comments
Facebook is testing a “downvote” button that lets users flag and hide comments they deem inappropriate. The feature was confirmed to various media outlets by the social networking giant on Thursday. “We are not testing a dislike button. We are exploring a feature for people to give us feedback about […]
Senate votes to approve massive spending increase and end government shutdown
Congress moved one step closer early Friday to setting a major spending increase, following hours of drama on the Senate floor that led to the second partial government shutdown in less than a month. The Senate passed a short-term funding bill and cleared the way for a boost to military […]
App-only bank Monzo in early talks to enter US and take on banking giants
U.K. app-only bank Monzo is in early stage talks to expand to the U.S., CEO Tom Blomfield told CNBC. The British start-up challenger bank, which has now racked up half a million users, said a U.S. launch won’t happen in the very near future, but the company has begun talks […]
Senate has the votes to approve massive spending increases, clear way to end shutdown
Congress moved one step closer early Friday to setting a major spending increase, following hours of drama on the Senate floor that led to the second partial government shutdown in less than a month. The Senate passed a short-term funding bill and cleared the way for a boost to military […]