China’s economic growth likely slowed a tick last year as authorities cracked down on both debt-heavy and pollution-causing industries. The Chinese economy is forecast to have grown 6.7 percent in the fourth quarter from the same period a year ago, and slightly lower than the 6.8 percent in the third […]
CNBC News
Nobel-winning economist has an idea to stop ‘extremely disruptive’ A.I. from harming society
Artificial intelligence (AI) could be the biggest challenge facing the jobs market and even humanity itself, according to Nobel Prize-winning economist Robert Shiller. However, the Yale University professor told CNBC that he had a radical idea that could be implemented to mitigate AI’s potential harm to society. Speaking ahead of […]
Google and Singapore’s Temasek are said to be investing in a ride-hailing unicorn
Alphabet’s Google, Singapore state investor Temasek Holdings and Chinese online platform Meituan-Dianping are investing in a fundraising round of Indonesian ride-hailingstart-up Go-Jek, sources familiar with the matter said. Go-Jek’s existing investors such as global private equity firms KKR & Co and Warburg Pincus are also participating in the funding round […]
Old hands in South Korea bitcoin market unfazed by threats of ban
Threats of a potential cryptocurrency trading ban in South Korea have scared many investors away, but some veterans of the young market are defiant, saying restrictions would be relatively easy to circumvent. Although the cryptocurrency market lost about $200 billion this week, or a third of its value, these investors […]
South Korea is considering shutting down all virtual currency exchanges, regulator says
South Korean policymakers joined the global chorus of virtual-coin critics on Thursday, saying Seoul is considering shutting down domestic virtual currency exchanges as the new breed of market exposes users to speculative frenzy and crime. The country’s tough stance comes as policymakers from the United States to Germany struggle to […]
Stock market’s rapid January rise already surpassing some full-year forecasts on Wall Street
Stock prices could soon be outrunning the herd. The S&P 500 has risen so quickly this month that it has already topped or matched many of Wall Street analysts’ freshly minted 2018 full-year forecasts, collected in CNBC’s strategist survey. The median target for year-end is currently 2,975, about a 6 […]
Instagram users are promoting economic policy for pay
Singapore’s government is hiring social media users to promote its 2018 budget, local newspaper The Straits Times reported on Wednesday. Hoping to generate youth interest in state finances, the island nation’s Ministry of Finance paid more than 50 Instagram users — most of whom boast over 1,000 followers — to […]
China is revealing its 2017 GDP. Here’s what analysts expect
China’s economic growth likely slowed a tick last year as authorities cracked down on both debt-heavy and pollution-causing industries. The Chinese economy is forecast to have grown 6.7 percent in the fourth quarter from the same period a year ago, and slightly lower than the 6.8 percent in the third […]
Exercise? I get more than people think, Trump says
Do not expect U.S. President Donald Trump to hit the gym, despite his doctor’s orders. He gets plenty of exercise on the golf course and at the White House complex, the president told Reuters on Wednesday. “I get exercise. I mean I walk, I this, I that,” Trump, 71, said […]
Trump says terminating NAFTA would yield the ‘best deal’ in renegotiations
President Donald Trump on Wednesday said that terminating the North American Free Trade Agreement would result in the “best deal” to revamp the 24-year-old trade pact with Canada and Mexico in favor of U.S. interests. Lawmakers as well as agricultural and industrial groups have warned Trump not to quit NAFTA, […]