Eight months after taking control of the executive branch, the Trump administration saw its first Cabinet member — Health and Human Services Secretary Tom Price — resign after questions were raised about his conduct in office. But he might not be the last — given the number of official probes […]
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Major cryptocurrency wallet Coinbase blames Visa for unauthorized charges to users
Cryptocurrency exchange and wallet Coinbase blamed Visa for an issue that saw some users experience unauthorized money withdrawals, but the card service said it wasn’t at fault. Coinbase users can link a credit or debit card to Coinbase and buy cryptocurrency immediately. Some users had been noticing that there were […]
Ellen DeGeneres explains bitcoin: ‘You’ll either be a millionaire or you’ll be totally broke’
You know that moment when you’re all talking about bitcoin but nobody really understands it? Well, TV host Ellen DeGeneres summed up that feeling perfectly Thursday. The comedian took it upon herself to explain to her audience what the cryptocurrency actually is. “Everybody is talking about bitcoin, nobody understands it,” […]
Facebook complies with Russia’s request to take down an Instagram post linked to Putin’s rival
Facebook-owned Instagram has taken down posts related to bribery allegations made by Russian opposition leader Alexey Navalny against the country’s deputy prime minister. Navalny, who is Russian President Vladimir Putin’s fiercest rival, posted a video on YouTube earlier this month, that showed metals oligarch Oleg Deripaska allegedly meeting with Russian […]
CEO of Raytheon International names the single biggest threat to global security
Cyber threats represent the greatest danger to the international community today, Raytheon International CEO John Harris told CNBC Friday. “(Cyber) is, I would, say one of largest and most important threats to our nation and to our allies,” Harris said ahead of the Munich Security Conference in Germany. “One of […]
Siemens CEO defends praising Trump, says there’s ‘nothing wrong’ with US tax overhaul
President Donald Trump deserved to be congratulated for the recent changes to the U.S. tax system, according to the chief executive of Europe’s largest industrial company. Speaking on the sidelines of the Munich Security Conference, Siemens CEO Joe Kaeser told CNBC he believed the U.S. tax policy changes would be […]
China’s HNA Group trims stake in Deutsche Bank
Chinese conglomerate HNA Group has cut its stake in Deutsche Bank to around 8.8 percent, but plans to remain a “significant” investor in the German lender, the asset management company that handles the stake said. “A further reduction of our holding is not planned. HNA will continue to be a […]
China is creating a massive global zone to spread its influence. Here’s what it looks like
China’s Belt and Road Initiative aims to connect Asia, Europe, the Middle East and Africa with a vast logistics and transport network, using roads, ports, railway tracks, pipelines, airports, transnational electric grids and even fiber optic lines. Widely seen as an attempt by China to construct a massive, multi-national zone […]
Chinese tourists are spending billions over the next week
China is entering week-long Lunar New Year holiday and 6.5 million travelers are expected to be spending that break overseas, splashing billions of dollars over the break, according to a report by country’s tourism authority and travel website Ctrip. The number of tourists this year is a 5.7 percent rise […]
Bitcoin recovering to $10,000 could bring in new buyers
In a sentiment-driven market like bitcoin, key price levels such as $10,000 appear to attract new buyers and help the price. Bitcoin climbed back above $10,000 Thursday for the first time in two weeks. The cryptocurrency had lost two-thirds of its value in a rapid plunge from a record high […]