A local firm here made good today on its vow to embed employees with microchips. Sporting “I Got Chipped” T-shirts, some 40 workers at Three Square Market, a firm that makes cafeteria kiosks aimed at replacing vending machines, got tiny rice-sized microchips embedded in their hands. Company officials said it was for convenience, a way […]
Read morePresident Donald Trump is “wrong” when he says China can resolve the ongoing North Korea nuclear crisis on its own, Chinese state media said on Wednesday morning. “Trump is wrong in his assumption that Beijing can single-handedly handle the matter. As Beijing has said, repeatedly, it does not have the kind of ‘control’ over Pyongyang […]
Read moreAbu Dhabi’s sovereign wealth fund has given 1Malaysia Development Berhad’s (1MDB) five days to make a $600 million payment, which the troubled Malaysian state fund failed to pay on Tuesday, further complicating a dispute hanging over Southeast Asia’s third-biggest economy. The 1MDB fund said in a statement it was committed to meeting its obligations to […]
Read moreU.S. President Donald Trump is close to a decision on how to respond to what he considers China’s unfair trade practices, a senior Trump administration official said on Tuesday. Trump is considering encouraging U.S. Trade Representative Robert Lighthizer to initiate an investigation of Chinese trade practices under the 1974 Trade Act’s section 301, the official […]
Read moreChina’s crackdown on capital flight and high leverage has a lot more to do with politics than economics, an independent economist said Tuesday. “The issue is that the economy is politicized, especially in China in the last few years,” Andy Xie told CNBC’s “Squawk Box.” Regulators in the world’s second-largest economy have been cranking up […]
Read moreApple CEO Tim Cook has repeatedly called autonomous systems the “mother of all AI projects,” and the company has a car endeavor underway, reportedly dubbed Project Titan. But on a conference call with investors on Tuesday, Cook hinted that Apple has a single, large project in the works, and a vehicle is just one possibility. […]
Read moreMarkets in Asia on Wednesday will digest a barrage of data released during the European and U.S. trading session Tuesday, including U.S. personal spending and euro zone GDP. In the U.S., the core personal consumption expenditure (PCE) price index for June – which is watched by the Federal Reserve as an estimate of inflation — […]
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With the Dow Jones average inching towards 22,000, even Jim Cramer found cause to wonder whether the stock market’s continuous rally is truly sustainable. “We always need to ask ourselves if we’ve gotten too complacent. That’s just a necessity. You do that as part of being a disciplined investor,” the “Mad Money” host said. And […]
Read moreApple CEO Tim Cook spoke to CNBC’s Josh Lipton following the company’s earnings report on Tuesday. Here’s a full transcript. Tim Cook: We had a great quarter, I couldn’t be happier – revenues came it at 45.4 billion which was at the top end of our guidance. Gross margins came in at 38.5% which was […]
Read moreGrowth in U.S. oil production is slowing, but will continue to blunt OPEC’s efforts to cut supply and normalize global inventories, keeping benchmark prices capped at around $50 a barrel this quarter, according to a CNBC poll of energy strategists, traders and economists. De facto OPEC leader Saudi Arabia is leading calls to deepen production […]
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