President Donald Trump’s administration may be considering easing penalties on Chinese phone maker ZTE amid broader trade negotiations, but White House economic adviser Larry Kudlow insisted Monday the company won’t get off “scot-free.” “They broke the law on several occasions after being warned,” Kudlow said on CNBC’s “Squawk on the Street.” Kudlow said the “remedy” […]
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Dow stocks Apple, Exxon Mobil, Chevron and General Electric are trading well above their 50-day moving averages. They have something else in common — one technician sees more upside for each. “There’s a misperception out there that because a stock is overbought that that is bad,” Craig Johnson, chief market technician at Piper Jaffray, told […]
Read moreA group of left-leaning advocacy groups has launched an initiative to ask the Federal Trade Commission to break up Facebook’s major social platforms. Freedom from Facebook is a movement asking the FTC to force the social media giant to split its core platform, Instagram, WhatsApp and Messenger into competing networks. The effort is being led […]
Read moreRegulators in the U.S. and Canada are launching a widespread crackdown on some cryptocurrency investment schemes, members of the North American Securities Administrators Association said Monday. More than 40 state and provincial watchdogs are participating in “Operation Crypto-Sweep,” which has triggered at least 70 investigations so far. The coordinated effort, first reported by the Washington […]
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U.S. interest rates have shot up to levels not seen in years recently, giving stock investors a new concern. But a Goldman Sachs strategist says it’s not time to worry just yet. David Kostin, Goldman’s chief U.S. equity strategist, wrote in a note Friday investors should not worry about rising borrowing costs and their effect […]
Read moreCurl up with a cup of coffee and enjoy the free WiFi. Use a tablet computer to try out a mix of apps. Check out the latest big screen TV. Those experiences have become familiar at the local Starbucks or some electronics stores like Best Buy or Apple. But there’s a company offering those perks […]
Read moreTreasury Secretary Steven Mnuchin told CNBC on Monday he would be willing to bet that gross domestic product can sustain at least 3 percent growth later this year. “That’s really been the focus. That’s what everyone should be focused on. That’s our scorecard,” he said in a “Squawk Box” interview. “We are well on our […]
Read moreCurrency, United States Finance
British court dismisses charges against Barclays over 2008 Qatar deal
A British court has dismissed charges brought by the Serious Fraud Office (SFO) against Barclays over its 2008 capital raising, the bank said on Monday, suspending for now the threat of regulatory sanctions on its business operations. The SFO was, however, not prepared to let the case drop. “We are likely to seek to reinstate […]
Read moreA JetBlue-backed private-jet company is making a bet on electric planes. JetSuite, which offers private charter flights, and semi-private scheduled service on its JetSuiteX planes, said Monday it will become the launch customer for up to 100 hybrid-to-electric planes from start-up Zunum Aero. Zunum Aero, which is backed by venture arms of both JetBlue and […]
Read morePeople who knew Aaron Traywick, the biohacker who died last month at a spa in Washington, D.C., were initially suspicious about the circumstances of his death. David Ishee, a researcher for Mr. Traywick’s company, Ascendance Biomedical, said his first thought upon hearing that Mr. Traywick’s body had been discovered in a sensory deprivation tank was […]
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