CNBC News

South Korea will ban the use of anonymous bank accounts in cryptocurrency trading from Jan. 30, the nation’s financial regulator said on Tuesday. Local cryptocurrency traders will not be allowed to make deposits into their virtual coin exchange wallets unless the name on their bank account matches the account name […]

President Donald Trump has signed into law a bill that ends the government shutdown, and provides congressional negotiators with additional time to hammer out an immigration reform package capable of passing both the House and Senate. Hundreds of thousands of federal employees are expected to return to work on Tuesday […]

Facebook’s virtual reality division has come up with a new unit of time — called Flicks — to measure the speed of digital audio and video. In an online forum used by developers of open source software, the company described Flicks as “a unit of time, slightly larger than a […]

Samsung Electronics said on Tuesday a U.S. government decision to impose tariffs on washing machines was a great loss for American consumers and workers. “Everyone will pay more with fewer choices,” the South Korean company said in a statement. U.S. President Donald Trump has approved recommendations to impose safeguard tariffs […]

Netflix CEO Reed Hastings is playing it cool about pending competition from Disney‘s upcoming over-the-top video service. Hastings said that he plans to subscribe to Disney’s upcoming service, which would not only compete with Netflix, but could include a lot of content that Disney says it will pull from Netflix. […]

President Donald Trump started fresh immigration talks with senators on Monday as bipartisan lawmakers struck a deal to end the U.S. government shutdown that hinged largely on their ability to reach an immigration compromise. Trump “continued conversations on the next steps on responsible immigration reform” during a lunch with Republican […]

Republican Sen. Bill Cassidy told CNBC on Monday he believes an immigration deal will happen before the next government shutdown deadline in three weeks. The Senate passed a short-term compromise deal Monday to end the current shutdown, keeping the government funded through Feb. 8. Next, the measure will go to […]

William Ackman is cutting almost a fifth of staff and looking to lower his public profile as he seeks to turn around Pershing Square Capital Management after three straight years of losses, people familiar with the move told Reuters on Monday. The billionaire hedge fund manager, who recently suffered big […]

Bacardi Limited will acquire the maker of Patron in a deal valued at $5.1 billion, the spirits company announced Monday. Patron is a well-known brand of ultra-premium tequila. Bacardi, which is known for its rum, took a minority stake in the brand’s parent company in 2008. The deal will make […]

Jefferies just added Texas Instruments to its Franchise Pick List, telling clients that there are numerous ways to win on the chipmaker stock. As one of the top performers in the S&P 500 over the past 12 months, Texas Instruments has climbed 59 percent versus the market’s 24 percent gain. […]