Trump contemplating separate trade deals with Canada and Mexico instead of NAFTA fix, says economic advisor Kudlow
President Donald Trump is “very seriously contemplating” separate trade negotiations with Canada and Mexico, White House economic advisor Larry Kudlow said Tuesday. It’s not clear whether pursuing bilateral trade agreements with the two countries would effectively end the trilateral North...
Stocks making the biggest moves premarket: SBUX, TWTR, MYL, AMZN & more
Check out which companies are making headlines before the bell: Starbucks — Shares of Starbucks fell more than 1 percent in the premarket after the company announced Howard Schultz is stepping down as executive chairman, effective June 26. The move...
British taxpayer set to lose billions in $3.5 billion RBS sale
Britain is selling some of its stake in Royal Bank of Scotland for about 2.6 billion pounds ($3.5 billion), although it will realize a significant loss as it unwinds its holding and returns the bailed-out lender to private hands. The...
The Nasdaq’s record close bodes well for future gains, chart analysts say
The Nasdaq composite’s record close Monday indicates more gains ahead, chart analysts said. The Nasdaq composite and Nasdaq 100 are “both trying to break above their highs from around March and once they do that there’s not a lot of...
Barclays is moving forward after recent ‘challenges’: CEO Jes Staley
It certainly hasn’t been an easy time for Barclays over the last year or so, but things are now looking up, CEO Jes Staley told CNBC on Monday. During that time the bank grappled with legal issues, while Staley also...
$15 billion biotech stock loses more than 40% of its value after skin cancer drug study falls short
Shares of biotech company Nektar Therapeutics lost nearly half their value Monday after the company gave a clinical trial update that fell well short of investor expectations. The price of the S&P 500 component fell 41.8 percent Monday, down $37.78...
Estonia says it won’t issue a national cryptocurrency and never planned to
Estonia said Monday it is not planning to launch a national cryptocurrency and that it never planned to do so. A government spokeswoman said the Baltic nation was not looking to issue its own national cryptocurrency as it already uses...
American companies in China don’t care about the trade deficit — they want equal market access
If the U.S. wants China to play fair on trade, pushing away like-minded allies is not the way to make it happen, a leader of the American business community in China said Monday. “Maybe it’s the worst tactic, as far...
Trump ultimately wants a world with no trade tariffs: White House advisor
White House legislative director Marc Short told CNBC that President Donald Trump wants trade to be on a “level playing field.” “The tariffs are part of an effort to get us to hopefully one day where we have true free...
Former State Street executive faces US fraud trial
A former executive at State Street is set to face trial on U.S. charges that he participated in a scheme to defraud the bank’s clients by charging them secret commissions on billions of dollars in trades. Jury selection is scheduled...
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