China said it will merge its banking and insurance regulators, according to a parliament document released on Tuesday, in a series of proposed changes in thebiggest ministry shake-up in years. In a long-awaited move to streamline and tighten oversight of the financial system in the world’s second-biggest economy, China will […]
CNBC News
China plans new ministries and merger of regulators in massive government revamp
China said it will merge its banking and insurance regulators, according to a parliament document released on Tuesday, in a series of proposed changes in the biggest ministry shake-up in years. In a long-awaited move to streamline and tighten oversight of the financial system in the world’s second-biggest economy, China […]
Republican senator puts forward bill to quash Trump’s new tariffs
Sen. Jeff Flake, R-Ariz., on Monday attacked President Donald Trump‘s newly signed tariffs on steel and aluminum imports while introducing a bill that would nullify them completely. “Tariffs are bad enough on their own. Tariffs married with uncertainty are even worse,” Flake, who is not seeking re-election, said on the […]
Trump’s metal tariffs are ‘like an atomic bomb’ for European firms, lobbyist says
Donald Trump‘s decision to impose tariffs on steel and aluminum could cause major disruption for companies in Europe, a business lobbyist told CNBC Monday, who argued that the U.S. president should have taken less severe measures to protect his domestic market. U.S.’s allies, including the European Union and Japan, are […]
Cramer Remix: Kudlow is a good choice for arguing with Trump
After CNBC’s Jim Cramer broke the news that Larry Kudlow was the top candidate to replace Gary Cohn as the president’s top economic advisor, he wanted to double back and explain why. The “Mad Money” host, who worked with Kudlow for years, said on Monday that the TV personality has […]
Big demand for the new bitcoin and other cryptocurrency funds: Crypto investor
Investing in cryptocurrencies is complicated. Four new trusts make it easier, says crypto investor Michael Sonnenshein. “Digital currencies are not like stocks and bonds and all the other things that you buy,” Sonnenshein, managing director at Grayscale Investments, a digital currency investment firm, said Monday on CNBC’s “Fast Money.” “There’s […]
The firm behind the tradable GBTC launches four new ways to get exposure to bitcoin and other digital currencies
Investing in cryptocurrencies is complicated. Four new trusts make it easier, says crypto investor Michael Sonnenshein. “Digital currencies are not like stocks and bonds and all the other things that you buy,” Sonnenshein, managing director at Grayscale Investments, a digital currency investment firm, said Monday on CNBC’s “Fast Money.” “There’s […]
Inflation data is the wild card for markets Tuesday
Chances are the consumer price index will be a sleeper for markets Tuesday, but if it’s not, watch for interest rates to spike and stocks to sell off. The CPI is expected to come in at 0.2 percent both for headline inflation and core, which excludes energy and food, according […]
Cramer: Micron’s strength means Intel is a buy
With the major averages slipping from their highs on lingering trade-war concerns, CNBC’s Jim Cramer wanted to go against the grain and take a look at what’s winning. “One word: tech. Tech is what’s working,” the “Mad Money” host said on Monday from CNBC’s 1Market in San Francisco. “The truth […]
How YouTube search pushes people toward conspiracy theories and extreme content
YouTube is still struggling to figure out how to keep from recommending divisive content like conspiracy theories. On Monday afternoon, YouTube users on Twitter highlighted problems with the site’s autocomplete feature, which automatically suggests search queries after a user starts typing a few letters or a word, as well as […]