Bitcoin cash is a must-own, says crypto investor Brian Kelly
Cryptocurrency investor Brian Kelly said Monday bitcoin cash is the must-own digital currency of the moment. On Saturday, bitcoin cash miners met to discuss funding for a bitcoin cash development fund, he told CNBC. In the fund, miners are “going...
Micron shares spike in after-hours trading after a deal with Intel
Micron Technology shares spiked nearly 4 percent in after-hours trading after it announced a deal with Intel to make and ship the next generation of chips used in flash drives and digital cameras. And then came news that Micron would...
Trump’s China negotiators act like the bumbling bank robbers from ‘Dog Day Afternoon’
The Trump Administration’s economic policies remind me of the Al Pacino film, “Dog Day Afternoon.” It was based on the true story of a bank robbery gone bad, largely because of the slap-dash approach to the crime, the lack of...
Trade truce with China could boost US beef, soybeans and other agriculture products
American beef, corn and soybeans could benefit the most from the latest trade agreements between the U.S. and China. Over the weekend, the two countries issued a joint statement stating that both “agreed on meaningful increases in United States agriculture...
Deutsche Bank’s problems threaten a star banker
FRANKFURT — Ever since he was a 38-year-old Goldman Sachs executive helping to auction off bankrupt East German factories, Paul Achleitner has been known as a relentless modernizer shaking up Germany’s sleepy corporate world. Now Mr. Achleitner is being cast...
Watch CNBC’s Steve Liesman host the 2018 National Economics Challenge
The finalists from the Council for Economic Education’s National Economics Challenge on Monday will put their economics and problem-solving skills to the test in the nation’s only high school economics competition. Each year, 11,000 student participants from across the country...
Mnuchin: ‘I’m very bullish on stocks’ and sustained economic growth over 3%
Treasury Secretary Steven Mnuchin told CNBC on Monday he would be willing to bet that gross domestic product can sustain at least 3 percent growth later this year. “That’s really been the focus. That’s what everyone should be focused on....
These tech stocks — including Skyworks, Qualcomm — have the most to gain on a US-China trade truce
Easing U.S.-China trade tensions will likely help chipmakers’ stocks the most. Among companies in the S&P 500, Skyworks Solutions, Qualcomm, Qorvo, Broadcom and Micron have the highest percentage of revenue generated from China, according to FactSet. Shares of Skyworks and...
US-China trade agreements are ‘face-saving’ and ‘lose-lose,’ says Moody’s chief economist
Triumphant tones coming from the White House over the weekend are inconsequential, Moody’s chief economist said Monday, deflating hopes that the U.S. is gaining major ground in its negotiations with China aimed at averting a trade war. “I think it’s...
Mnuchin: We’ve made ‘very meaningful progress’ with China on trade issues
Treasury Secretary Steven Mnuchin put a positive face on the state of U.S.-China trade negotiations, saying Monday the talks so far already have yielded tangible benefits. “I think we’ve made very meaningful progress,” he told CNBC’s “Squawk Box.” “Now it’s...
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