Mnuchin: Trump could consider a ‘skinny’ NAFTA if renegotiations don’t go as planned
President Donald Trump could consider a “skinny NAFTA” overhaul that would not require congressional approval, Treasury Secretary Steve Mnuchin told CNBC on Monday. But for now, Mnuchin said in a “Squawk Box” interview, “We’re focused on a new NAFTA that...
China-style state-led growth won’t work in Africa, former Nigeria finance minister warns
China has funneled billions of dollars into aid, loans and business deals on the African continent in recent years. But as ties continue to strengthen, a former Nigerian finance minister has warned that Beijing-style economic governance will not work for...
Tell us what you think: Which sector needs the most regulation?
A high profile data scandal involving allegations over the misuse of Facebook data by consultancy Cambridge Analytica led to greater scrutiny on the regulation of social media platforms earlier this year. Others have also sounded off on the need for...
A fund manager sees ‘inconvenient truths’ in the market, predicting a shift as inflation gains
Whether Wall Street is ready or not, veteran fund manager Larry Glazer warns a major shift is coming to the stock market. Glazer, who manages more than $2.5 billion in assets, acknowledged that the April jobs report didn’t signal...
Hedge fund billionaire David Tepper’s latest investing move is the Carolina Panthers
Hedge fund manager David Tepper’s reportedly record-breaking bid for the NFL’s Carolina Panthers has left many wondering if the billionaire may see the franchise as a long-term investment play. The value of the average NFL franchise more than doubled in...
Treasury Secretary Mnuchin declares US-China trade war ‘on hold’ as both sides work toward agreement
The U.S. trade war with China is “on hold” after the world’s largest economies agreed to drop their tariff threats while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday. Mnuchin and U.S. President...
Vacation searches are up, signaling a strong economy and comfort with employment status
The U.S. economy seems to be on solid footing, according to one unusual indicator: vacation searches on the internet. Google searches for the term “vacation” rose 10 percent in April on a year-over-year basis, said Nicholas Colas, co-founder of DataTrek...
Warren Buffett’s favorite steakhouse fits his modest style
Earlier this month, I went to Omaha, Nebraska to cover Berkshire Hathaway’s annual shareholder meeting and had the chance to eat at Gorat’s, Warren Buffett’s favorite steakhouse. Being there, it became clear why the humble stock market sage likes it...
The World Trade Center is finally nearing completion
It’s finally happening. More than 16 years after the World Trade Center tragedy, a major component of the rebuilt WTC site is getting ready to open. 3 World Trade Center will be opening in early June, with lead tenants including...
Banks will trade cryptocurrency sooner than people think, says fmr. JPMorgan blockchain executive
Former head of J.P. Morgan’s blockchain arm is no longer on Wall Street. But the former insider says major banks like her former employer could get into the cryptocurrency business imminently. “I think it’s coming sooner than people probably think,”...
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