Gambling and drugs may be the cure for Connecticut’s ailing economy
Despite Connecticut’s deep roots in Puritanism, which generally frowned upon frivolity, the Constitution State is poised to shun its priggish past in order to boost its stagnant economy by legalizing sports betting and recreational marijuana — potentially generating hundreds of...
America’s Top States for Business 2018: The full list
We score all 50 states on more than 60 measures of competitiveness, developed with input from a broad and diverse array of business and policy experts, official government sources, the CNBC Global CFO Council, YPO and the states themselves. States...
Banking: Korea’s escalating hiring fight could bring down half the industry
South Korea has always done scandals very well and its banking sector is in the middle of an absolute doozy at the moment. On June 17 prosecutors indicted 38 senior officials at six banks for hiring irregularities. There are 695...
The U.S. is ‘winning’ the trade war, says Mohamed El-Erian
As trade tensions continue, Mohamed El-Erian told CNBC that the U.S. is winning the trade war. “In relative terms, we are winning and we will win the trade war,” El-Erian, chief economic advisor at Allianz, said Monday on “Fast Money.”...
Cryptocurrency start-up suffers ‘security breach,’ theft of $13.5 million worth of digital tokens
Cryptocurrency conversion platform Bancor has suffered a “security breach” that saw $13.5 million worth of digital tokens stolen. The Israeli start-up said Monday that a cryptocurrency wallet on its network had been compromised, leading to the theft of $12.5 million...
Sterling Stabilized after Wild Ride, Strong Risk Appetite Continues to Pressure Yen
Strong risk appetite is keeping the Japanese Yen broadly weak this week. DOW jumped as impressive 302.11 pts or 1.31% to close at 24776.59, turned positive for 2018. S&P 500 followed by rising 24.35 pts or 0.88% to 2784.17. NASDAQ...
Companies are ditching plastic straws, but its alternative will cost you
As more and more companies ditch plastic straws, food distributors are looking for environmentally-friendly alternatives. The most obvious choice is paper straws, but they are expected to cost substantially more. “You’re looking at maybe ten times the cost,” Adam Merran,...
All is Quiet on the Western Trade War Front
For a change, all is quiet on the western trade war front as the drop in aggressive US tariff posturing and the nonfarm payroll after effects have propelled US equity market to the third consecutive day of substantial gains. While...
After-hours buzz: PCAR, WHD & more
Check out the companies making headlines after the bell: Shares of Paccar were up as much 2.5 percent in extended-hours trading, before pairing those gains. The truck manufacturing company announced a $300 million share repurchase of its outstanding common stock....