Most major indexes in Asia closed with gains on Friday although the Australian benchmark tracked lower. Wall Street, for its part, closed its Thursday session with slight losses amid political concerns. Japan’s benchmark Nikkei 225 rose 0.19 percent, or 44.69 points, to close at 23,808.06. Financials closed higher on the […]
CNBC News
Here are some explosive allegations from the latest testimony on the Trump dossier
The latest congressional testimony about an infamous opposition-research dossier on Donald Trump is full of explosive allegations and suggestions about the real estate magnate-turned-president’s potential dealings with organized crime figures, the sources of his often-bragged-about wealth and potential entanglement between Russia and the National Rifle Association. In the November testimony […]
Berlusconi has been in politics for nearly three decades. This is the secret to his popularity
Silvio Berlusconi has been prime minister of Italy three times. Despite a series of sex scandals and tax fraud convictions, the 81-year-old media mogul is once again at the center stage of Italian politics and could have a pivotal role in the upcoming general election. CNBC asked analysts what’s the […]
Who are ‘Davos Man’ and ‘Davos Woman’?
Anyone watching or reading media coverage of the upcoming 2018 World Economic Forum (WEF) is bound to come across the terms “Davos Man” or “Davos Woman,” but who are these mysterious figures? Davos is the Swiss Alpine resort where the Forum is held every year, and has been since its […]
Trump is ‘determined to bite somebody, and China is the most likely target,’ trade expert says
A year after President Donald Trump took office, the United States‘ trade deficit with China looms larger than ever. Although both countries calculate the gap differently, the latest data from Beijing indicates a trade differential at a record high of $275.81 billion in 2017. That figure does not bode well […]
South Korean group files complaint against Apple CEO over iPhone slowdown
A South Korean consumer group has filed a criminal complaint against Apple CEO Tim Cook over slower iPhone devices, after probes in Europe into allegations the firm had deliberately shortened the life of its handsets. Apple is already facing lawsuits in the United States and elsewhere over accusations of having […]
Most Asian markets carve out moderate gains
Most major indexes in Asia gained on Friday although the Australian benchmark tracked lower. Wall Street, for its part, closed its Thursday session with slight losses amid political concerns. Japan’s benchmark Nikkei 225 was higher by 0.03 percent. The index had touched a fresh 26-year high in the last session, […]
SEC says it’s worried about ‘significant’ issues with cryptocurrency ETF plans
The U.S. Securities and Exchange Commission indicated Thursday it would not be open to approving cryptocurrency exchange-traded funds until concerns related to rules aimed at protecting investors are addressed. “We believe … that there are a number of significant investor protection issues that need to be examined before sponsors begin […]
United is planning a swankier economy class on international flights
United Airlines is planning to launch a premium economy class, joining rivals that have rolled out the more spacious — and expensive — seats on international flights. In addition to more personal space, travelers in United Premium Plus will receive free alcoholic beverages, a Saks Fifth Avenue blanket and pillow, […]
What happens during a US government shutdown
President Donald Trump and Republican leaders in Congress are racing to meet a midnight Friday deadline to pass a short-term spending bill to keep the U.S. government open and prevent agencies from shutting down. During government shutdowns, employees in all three branches of government are vulnerable to furlough, or temporary […]