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Donald Trump has signed an executive order prohibiting US investors from holding shares in companies with suspected ties to the Chinese military, in his first big foreign policy action since losing the presidential election to Joe Biden. Shares in big Chinese telecoms groups with exposure to US investors tumbled in Hong Kong on Friday, with

Gary Jones in Hong Kong Measles killed an estimated 207,500 people last year after a decade-long failure to reach optimal vaccination coverage, the World Health Organization and United States Centers for Disease Control said in a joint report on Thursday, with the Covid-19 pandemic further setting back vaccination efforts this year. Last year’s death toll

CNBC’s Jim Cramer said Thursday he believes some on Wall Street have become too optimistic about the market in the face of surging coronavirus cases and hospitalizations, suggesting investors will find better entry points into stocks. “I think there’s too many people who are positive. I think you let it come in a little,” Cramer

A small but influential group of Republicans has begun urging President Donald Trump to concede last week’s election, with a growing number using the term “president-elect” to refer to Joe Biden. Mr Trump has refused to accept his loss and continues to make baseless claims of voter fraud, while Republican lawyers have filed lawsuits intended

Three of the world’s top central bankers predicted the breakthrough on a coronavirus vaccine would lift the uncertainty weighing on the global economy, while calling for more short-term public support to bridge the gap to a recovery. Jay Powell, chair of the US Federal Reserve, said this week’s vaccine breakthrough was “certainly good and welcome

Boris Johnson was on Thursday urged to reshape his chaotic and faction-riven Downing Street operation, after his communications chief quit in a power struggle over access to the prime minister. Tory MPs want Mr Johnson to restore order quickly, end the infighting and reconnect Downing Street to the parliamentary party, following the resignation of Lee

There’s a scene in the Sex and the City film where Carrie, rushing to comfort Miranda late one evening, leaves her apartment dressed in a (now iconic) combination of pyjamas, sequin beanie, fur coat and gleaming white heeled booties. I couldn’t help but wonder: is this the outfit we should be taking style inspiration from

Matthew Rocco in New York Ohio governor Mike DeWine warned that the state may impose stricter measures aimed at slowing the spread of coronavirus, as new infections and hospital admission continued to trend higher in the Midwest. Mr DeWine, in an address on Wednesday evening, urged residents to stay home as much as possible and

Asia-Pacific stocks struggled for direction as investor exuberance over the prospect of a Covid-19 vaccine faded, while Chinese technology stocks mounted a tentative recovery after tumbling over stricter regulations. Japan’s Topix index shed 0.1 per cent and Australia’s S&P/ASX 200 fell 0.3 per cent on Thursday, while Hong Kong’s Hang Seng rose 0.7 per cent

I knew the day was coming, even if an effective vaccine would be announced shortly (which it was), my most “normal” activity, playing tennis, was, again, going to succumb to Covid-19 protocols. The virus has been surging in my state, with daily cases up over tenfold compared to where they were in June.  Finally, the decree

The US state of Georgia has begun recounting by hand every ballot cast by its voters in the presidential election as part of an audit of initial results that show Joe Biden narrowly leading Donald Trump. Brad Raffensperger, Georgia’s Republican secretary of state, announced the audit on Wednesday, a day after the Trump campaign called

Justin Trudeau, Canada’s prime minister, has claimed that Britain is struggling to conclude a trade deal with his country before the Brexit transition ends on January 1 because it does not have “the bandwidth”. Mr Trudeau said Canada was highly experienced at striking trade deals and was ready to conclude an agreement with the UK,

Stock’s are surging on Monday on news of a 90% effective Covid-19 vaccine and CNBC’s Jim Cramer said investors should be excited about what the scientific breakthrough means for everyday life and the stock market. “If you think about where we were last week, where we felt that there was very little chance to be able to stop this

Turkey has eased curbs on foreign investors’ ability to trade the lira as part of a major shake-up of the country’s economic policy team.  The banking regulator said on Wednesday it would reduce restrictions on derivatives transactions between local banks and foreign investors, in which the lira is traded for foreign currencies such as the

Hong Kong’s government has ousted four opposition lawmakers, prompting the resignation of the entire pro-democracy camp in the city’s de facto parliament, in what critics say is part of a growing attack on the territory’s autonomy. The government made the decision using new powers granted by Beijing on Wednesday that allow the removal of lawmakers

As Prince Charles sailed out of Hong Kong’s harbour in the early hours of July 1 1997, he lamented the symbolic end of British empire after 156 years of colonial rule in the city. “Whatever may be thought about colonisation nowadays, Hong Kong was a pretty remarkable example of how to do it well,” he

Stanley Druckenmiller Anjali Sundaram Billionaire investor Stanley Druckenmiller advised investors against being short the stock market as positive news on the coronavirus front has jolted a big rotation out of growth and into value names. “It’s nuanced, but there are a lot of companies that will be direct beneficiaries [from a coronavirus vaccine], and they

Peter Wells in New York The number of people currently hospitalised with coronavirus in the US surpassed its April peak on Tuesday as states reported a single-day record of more than 130,000 new cases. The number of coronavirus hospitalisations jumped to 61,964, up from 59,275 on Monday, according to Covid Tracking Project data. That cruised

CNBC’s Jim Cramer on Monday gave advice on how to approach the stock market after news of progress on a coronavirus vaccine sent the recovery stocks rallying and the stay-at-home stocks retreating. “I think you have to be prepared for a multiday sell-off in the Covid names,” the “Mad Money” host said. “These stocks have

Companies hit hard by coronavirus including American Airlines, cruise operator Carnival and German flag carrier Lufthansa are racing to raise billions of dollars of fresh cash, taking advantage of market optimism that an effective vaccine is close. American raised about $500m in a stock sale while Carnival on Tuesday disclosed that it would sell stock

Operational failures on the Hargreaves Lansdown trading platform left some investors tens of thousands of pounds in debt as a technical glitch duplicated trades on the platform. Hargreaves’ website and app — along with other retail platforms — suffered problems on Monday, as they experienced record trading. One Hargreaves investor said she found her Isa

Josh Brown Adam Jeffery | CNBC Josh Brown‘s latest book on investment strategy is due out later this month, featuring 25 different financial experts who share their approach to markets. While the investors featured in the book own different assets, Brown said Monday on CNBC that there is a unifying thread connecting them. “Nobody has

Margrethe Vestager, the European commissioner who oversees competition, will announce formal antitrust charges against Amazon on Tuesday over how it uses data about the merchants on its platform, according to two people with knowledge of the announcement. The case focuses on the online retailer’s dual role, both as a marketplace for third-party vendors and also

A global equities rally lost steam in European markets on Tuesday, but remained near record highs reached after the release of groundbreaking results from a Covid-19 vaccine trial. Stocks struggled for traction, gaining and losing ground in early trading. The region-wide Stoxx Europe 600 index was up 0.4 per cent by mid-morning while London’s FTSE

Peter Wells in New York The US reported more than 100,000 cases for the sixth day running on Monday, while the number of hospitalisations is within striking distance of its April peak. States revealed a further 118,497 people had tested positive, according to Covid Tracking Project data, up from 110,838 on Sunday and compared with

Zoom CEO Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images Shares of Zoom Video fell sharply on Monday morning as names benefitting from people staying at home due to the coronavirus pandemic lost their appeal following the release of positive coronavirus vaccine

William Barr, the US attorney-general appointed by Donald Trump, on Monday authorised prosecutors to investigate possible instances of electoral fraud in this year’s presidential poll, a break from past practice that delayed such probes until after an election was settled. The move, made in a memo issued to US attorneys across the country, came as

A pedestrian holding an umbrella walks past a Charles Schwab office in New York. Scott Eells | Bloomberg | Getty Images Stocks are surging on Monday but some customers of online brokers Charles Schwab, TD Ameritrade, Vanguard and others could be missing out on the record market highs. E-brokers are experiencing technical issues with their

Marcell Hawkins, who lives with his grandparents, had a call one day from his grandmother who had just fallen down. He logged out of his job as a gig worker for delivery company DoorDash and went to help her. “Had I been in a different job, I would have been in trouble, written up or

Turkey’s lira was set for its biggest one-day rise in two years on Monday after a tumultuous weekend for the country’s economic management brought the firing of the central bank governor and the resignation of the president’s son-in-law as finance minister. The currency, which is still down a quarter against the dollar this year, strengthened