Bitcoin and other major digital currencies dropped sharply Monday morning. Bitcoin briefly tumbled to a low near $10,376 on Coinbase around 9 a.m., ET, marking a loss of more than 11 percent over the last 24 hours. Bitcoin traded near $10,720 as of 9:24 a.m., ET, on Coinbase, the leading U.S. marketplace for buying and […]
Read moreHulu and YouTube both launched live streaming services last year to take on big cable companies with packages of online TV channels. It’s still early, but they’re making some progress, according to numbers revealed to CNBC. Hulu’s live offering has about 450,000 paying subscribers, not including recent promotional customers, according to people familiar with the […]
Read moreCurrency, United States Finance
IMF says tax overhaul will help boost US and global growth … for now
The International Monetary Fund (IMF) has revised global growth forecasts for 2018 and 2019 upwards, saying the revision is partly down to the recently approved overhaul of the U.S. tax system under President Donald Trump. Global growth forecasts for 2018 and 2019 have both been revised upward by 0.2 percentage points to 3.9 percent. “The […]
Read moreGeneral Electric shares continued to plumb new depths after Bank of America Merrill Lynch downgraded the troubled bellwether on Monday. Shares fell 1 percent in premarket trading, approaching just $16 a share. The stock fell to a six-year low on Friday below $17 a share after GE said earlier in the week it would take […]
Read moreFacebook warned on Monday that it could offer no assurance that social media was on balance good for democracy, but the company said it was trying what it could to stop alleged meddling in elections by Russia or anyone else. The sharing of false or misleading headlines on social media has become a global issue, […]
Read moreThe U.S. government shut down on Saturday, and that could spell trouble for investors this week, history shows. CNBC analysis using Kensho found that the S&P 500 fell an average of 0.3 percent one week after the government closed its doors. The benchmark index also traded positive just 40 percent of the time one week […]
Read moreIf you wanted to crush President Donald Trump last year, there was a way even more efficient than giving indiscreet interviews to Michael Wolff: betting on emerging markets in Latin America and Asia, where the returns made Dow 25,000 look as tiny as Kim Jong Un’s button. But can emerging markets keep pushing higher in […]
Read moreShares of Twitter slipped 2 percent in premarket trading Monday after reports over the weekend that Twitter’s COO Anthony Noto is in discussions to leave for another company. Noto is among those being considered to be the next CEO of SoFi, a startup building a digital lending business, CNBC confirmed. A source familiar with the […]
Read moreNike‘s sprint past a record high isn’t done yet, according to one market watcher. On Friday, Nike raced ahead of its peers, crossing the finish line to score a new closing high. “If the stock can break above the $67 level, or $67.10 level (where we’re standing right now), that’s going to be very bullish […]
Read moreCheck out which companies are making headlines before the bell: Juno Therapeutics – Juno agreed to be bought by Celgene for about $9 billion or $87 per share in cash. It had been reported last week that the two drugmakers were engaged in buyout talks. AIG – The insurance company announced a deal to buy […]
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