Investors may want to reduce their exposure to the world’s largest emerging market. Perth Tolle, who’s the founder of Life + Liberty Indexes, warns China’s capitalism model is unsustainable. “I think the thinking used to be that their capitalism would lead to democracy,” she told CNBC’s “ETF Edge” this week. “Economic freedom is a necessary, but not sufficient … Read more
Matar was found guilty of attempted murder in the second degree for his attack on the famed novelist. Hadi Matar, the man who stabbed and partially blinded prize-winning novelist Salman Rushdie at an event in New York, has been found guilty of attempted murder. Jurors delivered the verdict on Friday for Matar’s assault on Rushdie … Read more
Ukrainian President Volodymyr Zelenskyy attends a bilateral meeting with U.S. President Joe Biden (not pictured) in Paris, France, June 7, 2024. Elizabeth Frantz | Reuters Ukraine has put up a staunch fight against the invasion launched by its bigger and more powerful neighbor Russia, but things appear to be going horribly wrong for it as … Read more
Elon Musk has pledged to “fix” X’s fact-checking tool in response to opinion polling that contradicts United States President Donald Trump’s claim that Ukrainian President Volodymyr Zelenskyy is deeply unpopular in his country. Rowing in behind Trump’s attacks on Zelenskyy on Thursday, Musk claimed that his social media platform’s “community notes” feature was being “gamed” … Read more
The Alibaba office building is seen in Nanjing, Jiangsu province, China, on Aug 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba shares surged in Hong Kong Friday following stellar quarterly results, boosted by growth in the company’s cloud Intelligence and e-commerce segments. The Chinese tech giant’s shares soared as much as as 11%, … Read more
The United States Senate has voted to confirm former federal prosecutor Kash Patel as the next director of the Federal Bureau of Investigation (FBI), continuing a streak of success for President Donald Trump’s government nominees. But Thursday’s confirmation came by slim margins. Only 51 senators, all Republican, voted in favour of Patel in the 100-seat … Read more
Walmart shares fell roughly 6% in early trading Thursday, as the big-box retailer said profit growth will slow this fiscal year even as sales continue to climb. Walmart said holiday-quarter revenue rose about 4% and e-commerce sales shot up 20% in the U.S., as growth in store pickup and home deliveries and gains with upper-income … Read more
A general view outside the United Healthcare corporate headquarters on December 4, 2024 in Minnetonka, Minnesota. Stephen Maturen | Getty Images UnitedHealthcare is offering certain employees in its benefits operations unit the option to accept buyouts if they quit by March 3, following a tumultuous year for the insurance giant, CNBC has learned. Those who … Read more
Official White House social media accounts posted what it called an ‘ASMR’ video of undocumented immigrant deportation.
A United States judge has handed a temporary win to President Donald Trump and billionaire tech mogul Elon Musk, ruling against a request for a temporary restraining order that would slow down their efforts to hollow out federal agencies. District Judge Tanya Chutkan’s decision on Tuesday came as part of an ongoing lawsuit brought by … Read more