Economy

Crypto companies are frustrated at the U.S. government for its lack of clear rules for the industry and the Securities and Exchange Commission for its aggressive actions against digital currency firms, according to multiple executives who spoke to CNBC.Unlike other countries, the U.S. has yet to come up with a comprehensive framework or set of… […]

Tesla CEO and X owner Elon Musk speaks as Republican presidential nominee and former U.S. president Donald Trump reacts during a rally at the site of the July assassination attempt against Trump, in Butler, Pennsylvania, U.S., October 5, 2024. Carlos Barria | Reuters Former President Donald Trump’s return to ButlerPennsylvania, the site of his July […]

In 2012, Amazon founder Jeff Bezos was asked by TV host Charlie Rose whether his e-commerce company would ever venture into brick-and-mortar stores. Bezos said shoppers were well-served by existing physical retailers and that Amazon wasn’t interested in launching a “me-too” product. “We want to do something that’s uniquely Amazon,” Bezos said. “If we can […]

When Todd Graves and Craig Silvey came up with the idea for a restaurant in southern Louisiana that only sold chicken fingers, they probably didn’t expect to get the lowest grade in a startup-pitching assignment for Silvey’s LSU undergraduate business class — or to get rejected for bank loans when they tried to make it […]

People observe the scenery near Chinese national flags displayed for National Day celebrations on October 3, 2024 in Chongqing, China. National Day Golden Week is a holiday in China commemorates the founding of the People’s Republic of China in 1949. Cheng Xin | Getty Images U.S. broadband providers had their networks breached in a cyberattack […]

One financial firm is trying to capitalize on preferred stocks – which carry more risks than bonds, but aren’t as risky as common stocks. Infrastructure Capital Advisors Founder and CEO Jay Hatfield manages the Virtus InfraCap U.S. Preferred Stock ETF (PFFA) . He leads the company’s investing and business development. “High yield bonds and preferred […]

India is poised to become the world’s second-largest economy by 2075, according to Goldman Sachs.Darren Robb | The Image Bank | Getty ImagesIndia’s strong growth prospects and recent stock market boom has piqued investor interest, drawing attention and increasing exposure to a once ignored market.”India’s growth story is greater than the average … Whatever the… […]

IPhone 14 Pro models are promoted outside Apple Inc’s flagship store in Shanghai, China, October 13, 2022.CFOTO | Future Publishing | Getty ImagesChinese consumers are on average spending more on smartphones than ever before, according to new data, which bodes well for U.S. giant Apple in a critical market for its expensive iPhones.The average selling… […]

Country Garden canceled its share placement shortly after midnight, a report by IFR revealed, citing bookrunner JPMorgan.Future Publishing | Future Publishing | Getty ImagesHong Kong-listed shares of Country Garden fell 5.06% on Tuesday, following multiple reports that the Chinese real estate developer had scrapped its $300 million primary share placement.The share placement was aimed at helping the… […]

CNBC’s Jim Cramer told investors on Monday not to solely rely on analysts’ top-down, broad market assessments. According to Cramer, it’s imperative to also pay attention to micro-analysis of a company’s performance when buying individual stocks.”After all these years, I’ve come to know one immutable truth: There’s no monopoly on stock market knowledge,” Cramer said.… […]