business news

Stocks close lower as Trump keeps Wall Street nervous; dollar drops sharply

U.S. equities fell as investors assessed the geopolitical landscape. The Dow Jones industrial average fell more than 70 points in midday trade.

Stocks close lower; Dow and S&P post biggest 1-day reversal in 14 months after Fed minutes

U.S. stocks erased earlier gains to close lower Wednesday after the Federal Reserve released the minutes from its March meeting.

Op-Ed: Dollar rallies from trend line support, Syria missile strike helps

Is the U.S. dollar sailing north with the U.S. fleet?

Op-Ed: Shanghai index consolidation uptrend stronger than expected

The Shanghai Index consolidation retest of the uptrend was stronger than expected.

Trump administration lifts hiring freeze

The federal hiring freeze imposed by President Trump in January is slated to be lifted Wednesday, but agencies won't be allowed to hire willy-nilly, the president's chief budget officer said.

Golden years ahead: Advisors run a stress-test on pre-retirees' portfolios

Preparing client portfolios for retirement requires optimizing and coordinating all of its moving parts, built over the decades.

A look at South Korea's looming presidential impeachment verdict

South Korean President Park Geun-hye finds out Friday whether or not a court will remove her from office over a corruption scandal.

Germany alone cannot keep the European Union together, it needs France, says finance minister

Breaking the Franco-German relationship would mean the dismantling of the European Union, the German finance minister said.

China to strengthen defenses, but budget details excluded

Chinese parliament's spokeswoman said on Saturday defense spending for this year would rise about 7 percent, though provided no other details.

China hints at trade war strategy in South Korea standoff

South Korean firms are being squeezed in China, in suspected retaliation for Seoul's deployment of a U.S. missile defence system.

Zut alors! French bonds and the euro under pressure on more political jitters

The gap between the 10-year French and German government bond yields has widened to 65 basis points – a five-day high, on Monday, as political uncertainty returned to France.

Shares soar as plan to create UK’s largest fund manager is unveiled

Standard Life and Aberdeen Asset Management announced on Monday a $13.5 billion all-share merger in an industry where the benefits of scale keep rising.

Tax-free earnings are an overlooked benefit of Roth investment accounts

When used wisely, Roth IRAs and Roth retirement accounts are powerful tax-planning tools. Here is a look at some often overlooked aspects of Roths.

Political activism steals the spotlight at the Oscars, flub mars best picture award

"La La Land" might have been the favorite at this year's Oscars but political activism ended up stealing the spotlight.

Stocks fall as March rate hike becomes more likely; geopolitical worries rise

Stocks fell as the chances of tighter monetary policy from the Federal Reserve sunk in for investors, while geopolitical concerns increased.

Trump got nearly $1 million in energy-efficiency subsidies in 2012

In 2012, Donald J. Trump, the businessman, played a different tune on energy-efficiency subsidies. The New York Times reported.

Stocks close lower, pull back from record levels but Snap shines in IPO

U.S. equities closed lower on Thursday as financials lagged, while social media company Snap had a strong performance in its initial public offering.

And the Oscar loser is…PwC apologizes for its role in best picture drama

UK accountancy firm, PwC has apologized for its role in Sunday's Academy Awards drama which saw Faye Dunaway announce an incorrect winner for best picture.

Turkey's president compares German behaviour with Nazi period

Turkish President Tayyip Erdogan accused Germany on Sunday of "fascist actions" reminiscent of Nazi times.

Trump announced Alexander Acosta as new Labor Secretary pick on Thursday

President Donald Trump announced Alexander Acosta as his new pick to head the Department of Labor, less than a day after his first choice for the job, Andy Puzder, withdrew from consideration.

French conservative candidate asks prosecutors to drop investigations

France's conservative presidential hopeful has asked prosecutors to drop investigations into misused public funds arguing they do not have the competency to undertake the task.

Thousands protest in Philippines against Duterte's war on drugs

Thousands marched in Manila in the biggest gathering denouncing extra-judicial killings and a government plan to reimpose the death penalty for criminals.

Hopes pinned on tech sector riding to London’s rescue in post-Brexit world

Fears about the fallout for London's financial services industry in a post-Brexit world have caused some to turn to the tech sector as a possible savior.

North Korean loudspeakers could break the news of death of Kim Jong Un's half-brother

South Koreans want their northern neighbors, who are only fed propaganda, to know what really happened, NBC News reports.

Trying to understand the Greek crisis

Greece is making headlines again for being at another impasse with its European creditors and the IMF. CNBC takes a look at why they are at odds.

Trump administration denies it is considering using National Guard to round up unauthorized immigrants

The draft memo outlines a proposal to mobilize as many as 100,000 National Guard troops to round up unauthorized immigrants.

S&P, Dow and Nasdaq post record closes despite French election fears

U.S. equities closed mixed on Friday, but managed another record close, while investors kept an eye on France's presidential election.

Russian spy ship spotted 30 miles off Connecticut coast near naval base

The ship, the Viktor Leonov, is expected to sail down the East Coast. The White House has not commented on the presence of the ship.

European Central Bank: 'No room for complacency' on recovery

Top ECB officials saw "no room for complacency" when it came to continued stimulus, at least through the end of the year.

Death of a businessman: How the Philippines drugs war was slowed

Philippine President Rodrigo Duterte's merciless war on illegal drugs has been suspended after the murder of a South Korean businessman.

US, China military planes in 'unsafe' encounter over South China Sea

A U.S. Navy P-3 plane and a Chinese military aircraft came close to each other over the South China Sea in an incident the Navy believes was inadvertent.

Greek yields spike amid creditor dispute, minister reveals pressure from IMF

Greek lawmakers are under pressure from the International Monetary Fund to overcome the current impasse in its debt negotiations, a Greek minister told CNBC on Friday.

The S&P 500 is currently showing a worrying trend, says Credit Suisse

The U.S. S&P 500 equities index is showing a worrying correlation with macro surprises just as the latter are peaking, say analysts at Credit Suisse.

Immigrant communities fearful after hundreds arrested in what feds call routine 'surge'

Hundreds of undocumented immigrants were rounded up in what advocacy groups and a U.S. congressman from Texas call targeted raids.

A US-born NASA scientist was detained at the border until he unlocked his phone

NASA scientist Sidd Bikkannavar was detained by U.S. Customs and Border Patrol when returning from a trip to Chile, The Verge reports.

Should Greece stay or should it go? Analysts divided on whether Greece will exit euro

The future of Greece in the euro zone is once again in doubt as creditors and Athens cannot agree on debt relief for the troubled economy.

Trump sets aside ‘shoot-from-the-hip Twitter diplomacy’ and rethinks ‘One China’ policy

U.S. President Trump's swing in sentiment towards China may herald more pragmatic diplomacy but experts warn he is still likely to pursue a tougher stance.

Former California Governor Gray Davis to Trump: Don't bite the 'golden hand that feeds you'

Former California Governor Gray Davis is blasting President Trump's threat to cut U.S. funds due to sanctuary cities and a possible statewide bill.

Greece, the never-ending crisis in Europe

We could be getting closer to yet another make-or-break-moment between Greece and its international creditors.

Trump says terrorism acts ignored. Evidence?

President Donald Trump made an unsupported assertion Monday that terrorist acts in Europe are going unreported.

Former French president Sarkozy to stand trial in campaign funds storm

The 62-year old conservative politician could face a one-year prison sentence if convicted.

Stocks close slightly lower amid Trump policy fears; energy drops 1%

U.S. equities fell on Monday as worries about the White House's policy agenda lingered, while earnings season continued.

Australian dollar heading toward resistance

The rally in the Australian dollar has technical limits that could cap its rise.

Stocks cut gains as energy drops 1.5%; Dow and Nasdaq reach record highs

U.S. equities rose on Tuesday, but traded off session highs as energy weighed.

Stocks close mostly higher after Fed keeps rates unchanged, Apple surges 6%

U.S. equities closed mostly higher on Wednesday after the Federal Reserve kept interest rates unchanged, as was widely expected.

French election scandal and ‘anxieties’ send spreads to a three-year high

A 'radical-left winger' and the fading hopes of the center-right are making investors nervous ahead of upcoming French elections sending 10-year French-German spreads to a three-year high.

Scaramucci's career as a Trump advisor is apparently stalling thanks to a deal with a Chinese firm

Scaramucci has been in limbo for more than a week since he agreed to sell his investment firm to a subsidiary of the Chinese conglomerate, HNA Group.

Euro zone growth outpaces the US for the first time since the 2008 crash

Euro zone officials received a slew of good news on Tuesday morning with stronger-than-expected growth and inflation figures and a falling unemployment rate.

‘Cruel, stupid, and un-American’: Europe’s media reacts to Trump’s travel ban

President Donald Trump's decision to ban immigrants from seven Muslim-majority countries has sparked criticism across Europe.

Active vs. passive? How the tide may have turned for fund managers

The question for investors is whether they believe they've found an active superstar who's worth the money or they're paying to help market functionality.

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