It’s time to flip the calendar for Carrie Lam, Hong Kong’s first female chief executive. The new leader of the Chinese special administrative told CNBC that her first month in office has been “substantial,” but she managed to accomplish quite a bit of what she’d wanted to do. One of those goals was attempting to […]
Read moreJapanese automakers Toyota and Mazda are forming a partnership to build a new final assembly plant in the United States, with sources familiar with the plan telling CNBC the joint venture and assembly plant will be announced Friday in Japan. A location for the $1.6 billion facility has not yet been picked, but it’s expected […]
Read moreBlockbusters like “Dunkirk” and “Spider-Man: Homecoming” may have received the thumbs up from moviegoers around the world this summer, but they aren’t yet making any waves in China. That’s because of China’s annual “Hollywood blackout,” which is when the country initiates an undeclared ban on the release of all foreign films during specific periods of […]
Read moreChina’s Foreign Ministry on Thursday said India has been building up troops and repairing roads along its side of the border amid an increasingly tense stand-off in a remote frontier region beside the Himalayan kingdom of Bhutan. The stand-off on a plateau next to the mountainous Indian state of Sikkim, which borders China, has ratcheted […]
Read moreCurrency, United States Finance
Huge fire engulfs Dubai residential skyscraper — for the second time
A massive blaze was engulfing one of the world’s tallest residential buildings in Dubai early on Friday, residents said, but authorities said the tower had been evacuated and no injuries were reported. Flames shot up the sides of the Torch tower in the upscale Marina district in the second blaze at the building since 2015, […]
Read moreReflecting on his infamous 2007 rant where he accused Federal Reserve members of ignoring signs of potential financial collapse, Jim Cramer reluctantly offered some bad news. “I’m still seeing loans being made that they should intervene on right now, tomorrow, tomorrow morning, this time by reckless lenders in the subprime auto industry, offering paycation, nothing […]
Read moreYou may not have heard of Monkey, but there’s a good chance your teenager has. Monkey is a video-chat app for iPhone and iPad, and connects users around the world with like-minded individuals for 10-second video chats using their Snapchat usernames. If you make a connection, you could have a friend on social media, which […]
Read moreIt is not secret that Jim Cramer loves when companies engineer rational break-ups, and in the case of Wyndham Worldwide, his sentiments were no different. Wyndham Worldwide CEO Steve Holmes told the “Mad Money” host on Thursday that the split would, indeed, be “great for the business,” particularly because Wyndham’s hotel and timeshare components had […]
Read moreWhen President Donald Trump tweeted that “business is looking better than ever,” adding that “that just doesn’t happen,” Jim Cramer took the leader of the free world up on his claim. “Business is looking better than ever with business enthusiasm at record levels. Stock Market at an all-time high. That doesn’t just happen!” Trump wrote. […]
Read moreThe White House asked Apple, Google and other tech giants to help give the government a tech upgrade
The White House has asked the likes of Apple, Amazon, Oracle and Qualcomm to lend some of their digital expertise to Washington, D.C. in the coming months to help the Trump administration rethink the way that federal agencies use technology. On a private call with those and other major tech companies Thursday, top advisers to […]
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