The combination of a high-stakes NATO summit and a one-on-one meeting between President Donald Trump and his Russian counterpart Vladimir Putin could bring about the most dramatic geopolitical sea change since the end of the Cold War, analysts have told CNBC. The U.S. president’s working trip to Europe started with a two-day international gathering of […]
Read moreCheck out which companies are making headlines before the bell: Iqiyi, Baidu, Alibaba, JD.com – U.S.-listed China tech stocks are under pressure, following news that the U.S. is preparing additional tariffs against $200 billion in Chinese goods. 21st Century Fox – Fox raised its offer price to buy the part of British broadcaster Sky that […]
Read moreA slight increase in the number of homes for sale may be helping to juice the mortgage market. After falling for two straight weeks, mortgage application volume rose 2.5 percent last week, seasonally adjusted, compared with the previous week. The increase was driven entirely by purchase applications. Still, total volume is 4.3 percent lower than […]
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Germany says it 'can cope' with Trump's comments on Russian influence
Germany can take President Donald Trump’s criticisms in its stride, the country’s Defense Minister Ursula von der Leyen told CNBC Wednesday. Trump kicked off this week’s NATO summit with scathing words for Europe’s economic powerhouse, calling it “captive” to Russia over its plans for a $11 billion gas pipeline that would connect the two countries […]
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Trump launches tirade at NATO summit: 'Germany is a captive of Russia'
President Donald Trump claimed Germany is “totally controlled” by Russia on Wednesday. Speaking in Brussels, Belgium on the first leg of his European trip, the U.S. president said a slew of “inappropriate” energy deals had given Moscow far too much influence over the continent’s largest economy. This is a breaking news story, please check back […]
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Facebook faces UK fine of around $660,000 after data scandal found to be illegal
Facebook will be fined £500,000 ($662,900) in the U.K. after the country’s privacy watchdog said its data sharing scandal broke the law. The Information Commissioner’s Office (ICO) is hitting the social network with the maximum possible fine it can impose, for two breaches of the U.K.’s Data Protection Act. Facebook failed to safeguard people’s information, […]
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21st Century Fox increases bid for UK broadcaster Sky in battle with Comcast
Rupert Murdoch’s Twenty-First Century Fox said it had secured a deal to buy Britain’s Sky on Wednesday, ratcheting up the stakes of an ongoing bidding war to acquire the European television group. Fox — which is widely expected to receive regulatory approval from the U.K. this week after initially reaching a deal with Sky in […]
Read moreMajor cryptocurrencies may be off their December highs on the price front, but developments on the regulatory and infrastructure front continue to move ahead. That’s leading some in the space to remain relatively bullish on prices. “Back then, December, price was at $20,000 all-time high. I predicted for 2018, we’re going to see $5,000 and […]
Read moreEuropean shares are poised for a lower open Wednesday morning after U.S. authorities unveiled a new list of Chinese products that could see new tariffs. The FTSE 100 is seen off by 48 points at 7,646; the DAX 40 is set to open off by 95 points at 12,514; and the CAC 40 is expected […]
Read moreThe Trump administration on Tuesday released a list of Chinese goods — with an annual trade value of about $200 billion — that may be subjected to 10 percent tariffs. That was the latest salvo in an escalating trade war between the world’s two largest economies. On Friday, the U.S. initiated a round of 25 […]
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