China is about to get its first new central bank chief in 15 years, and the ultimate selection for the hot seat could demonstrate what Beijing is planning for the world’s second-largest economy. Zhou Xiaochuan, the head of the People’s Bank of China, is expected to retire soon. He’s had the job since 2002, making […]
Read moreHewlett Packard Enterprise is planning to ax at least 5,000 workers, or about 10 percent of its staff, by the end of this year, according to a Bloomberg report. Hewlett Packard Enterprise was not immediately available to comment on the report. One of several businesses to be spun out of HP, Hewlett Packard Enterprise offers […]
Read moreIn over 30 years of investing, Jim Cramer has seen even the best investors shed tears after a market-wide decline. To conquer a sell-off, Cramer said investors must first circle the wagons around the stocks in their portfolio that they really like, and leave the weak ones in the dust. That means knowing the difference […]
Read moreJim Cramer’s motto in a downturn is to buy broken stocks, not broken companies. When the market undertakes huge losses, investors have an opportunity to buy good companies with stocks that have taken an unfair beating because of the market, the “Mad Money” host said. There’s a huge difference between a broken company and a […]
Read moreNorth Korean dictator Kim Jong Un chastised Donald Trump, calling the president’s United Nations address earlier this week “unprecedented rude nonsense.” “The mentally deranged behavior of the U.S. president openly expressing on the UN arena the unethical will to ‘totally destroy’ a sovereign state, beyond the boundary of threats of regime change or overturn of […]
Read moreMongoDB, a New York company that sells subscriptions to versions of open-source database software that goes by the same name, filed on Thursday to go public on the Nasdaq Global Market under the symbol MDB. The company is looking to raise up to $100 million in the deal, whose lead underwriters include Morgan Stanley, Goldman […]
Read moreThe SEC disclosed on Wednesday that EDGAR, its corporate filing system, was hacked in 2016 and information was potentially used for illegal stock trades. EDGAR is where Corporate America goes to file statements on their businesses. Brad Bondi, an attorney with Cahill Gordon and Reindel and former council at the SEC, called it “the Fort […]
Read moreFacebook CEO Mark Zuckerberg said Thursday in a live speech that his company has turned over to Congress ads bought by Russian operatives to influence the 2016 U.S. election. He also explained what Facebook is doing to make its platform more transparent. Here’s the transcript of his full speech. Today is my first day back […]
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Apple is having its worst month since April 2016, and Todd Gordon of TradingAnalysis.com says the charts are hinting at even more downside ahead for the tech giant. “Apple broke down pretty sharply here, and it looks like we want to go back and retest some lower levels,” he said Thursday on CNBC’s “Trading Nation.” […]
Read moreThe U.S. Securities and Exchange Commission database that was hacked is decades old, former SEC attorney Scott Kimpel told CNBC on Thursday. The country’s top regulator said on Wednesday it discovered last month that its corporate disclosure database was breached in 2016. It is currently investigating the matter, which may have resulted in hackers profiting […]
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