Tesla is on a tear this year, and trader Todd Gordon says the shares are about to rev up to even more record highs. The automaker hit another all-time record on Thursday, rallying amid the announcement of a possible production plant agreement with Shanghai and a Recode report that the company is looking to create […]
Read moreValuations of U.S. bank stocks are being hit by the ongoing uncertainty surrounding their industry which has been the focus of concerted regulatory attention in recent years, according to a banking analyst at Rafferty Capital Markets. Given President Trump’s pledge to prioritize the rolling back of many of the stricter oversight initiatives introduced in recent […]
Read moreIndia’s largest digital payments company Paytm is looking to expand its footprint to include lending services and credit cards for customers, in a move that threatens to shake up the country’s traditional banking sector further. In an interview with CNBC, Chief Financial Officer Madhur Deora said the launch of its pilot lending program would come […]
Read moreChina will again host the World Economic Forum’s annual June meeting, often called Summer Davos, and innovation is in the spotlight. The world’s second-largest economy has made waves recently with its fast-growing tech sector, marking what experts say is a noticeable shift away from the old image of a copycat China. And it’s a move […]
Read moreFor centuries, innovation in education has been led by powerful and influential countries. That could be set to change, however, with today’s developing nations primed to lead the charge. “It is likely that we could see the transformation of education systems occurring first in developing countries,” said William Altman, tech industry analyst at CB Insights. […]
Read moreThe United States is expected to authorize India’s purchase of a naval variant of the Predator drone, two sources familiar with the situation said, ahead of a visit next week by Indian PrimeMinister Narendra Modi to try to revitalise ties in his first meeting with President Donald Trump. Securing agreement on the purchase of 22 […]
Read moreIt’s summer, and trading is light, but here’s something that might perk your interest: Friday is usually the heaviest volume day of the year. It’s the annual Russell Reconstitution, the day when the Russell indexes are rebalanced. There’s $8.5 trillion in asset benchmarked to or invested in products based on the Russell U.S. indexes. Why […]
Read morePowerful mini-crossbows that shoot toothpicks and needles are the new must-have toy for schoolkids across China — and a nightmare for concerned parents and school officials. Several cities including Shenzhen and Qingdao have reportedly banned sales of the palm-sized contraptions, which sell for about $1 and are powerful enough to puncture soda cans, apples and […]
Read moreThis article is part of a “Reporter’s Notebook” series, wherein CNBC journalists submit tales and observations from the field. Many unsung heroics took place during last month’s Asia-Pacific Economic Cooperation (APEC) trade ministers’ summit in Hanoi. There were diplomats and officials working feverishly behind the scenes to keep globalization alive — and then there was […]
Read moreCurrency, United States Finance
North Korea has carried out another test of a rocket engine that the United States believes could be part of its program to develop an intercontinental ballistic missile, a U.S. official told Reuters on Thursday. The United States assessed that the test, the latest in a series of engine and missile tests this year, could […]
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