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The US has launched an investigation into alleged currency manipulation by Vietnam, opening a new front in Donald Trump’s trade war weeks before a presidential election. The US trade representative’s office late on Friday evening said it would launch a so-called Section 301 investigation into Vietnam — the same process it used to place tariffs

These athletes are more than just some of the best and most successful players in their respective sports; they are thriving businesspeople and investors as well. These are twelve of the most famous athlete-investors today. Key Takeaways Of the twelve athletes on the list, six are current or former basketball players. Technology, real estate, and

CNBC’s Jim Cramer on Friday downplayed the stock market decline on President Donald Trump testing positive for the coronavirus, suggesting investors may want to consider buying on pullbacks. “I’m not saying this is much to do about nothing,” Cramer said on “Squawk Box.” ”I am saying that people should have a buy list ready.” Stock futures were sharply

Boris Johnson and the EU are preparing to kick off an intensified period of Brexit trade talks in a last-ditch effort to overcome stubborn disagreements on fishing rights and state aid. German chancellor Angela Merkel said talks were entering “a decisive phase” after a week in which negotiators narrowed the range of problems but warned

Engie has appointed Catherine MacGregor as its new chief executive, making her the only female boss in France’s CAC 40 benchmark stock index after the energy group ousted her predecessor in February. The 48-year-old Ms MacGregor currently runs Technip Energies, an arm of oil services group TechnipFMC, after spending 23 years at Schlumberger, the world’s

The national debt level has been a significant subject of controversy for U.S. domestic policy. Given the amount of fiscal stimulus pumped into the U.S. economy over the past couple of years, it is easy to understand why many people are starting to pay close attention to this issue. Unfortunately, the manner in which the

Regulators have delivered a blunt warning to banks to clamp down on high-speed financial market manipulation or risk blockbuster fines and criminal convictions for staff. US authorities this week levied a $920m fine on JPMorgan Chase for eight years of giving a false impression of market demand in precious metals and US government bonds by rapidly

The Scottish National party’s Westminster leader on Friday said the position of an SNP member of parliament who broke coronavirus rules was “not tenable” as calls mounted for her to resign her seat. The SNP has moved sharply to distance itself from MP Margaret Ferrier, whose admission on Thursday that she travelled hundreds of miles

EBIT vs. Operating Income: An Overview Earnings before interest and taxes (EBIT) and operating income are terms that are often used interchangeably, although there is a notable difference between the two, which can cause the numbers to yield different results. The key difference between EBIT and operating income is that operating income does not include

California reported back-to-back increases of more than 3,000 new infections on Thursday, but notched its smallest monthly increase in cases since May. A further 3,062 people tested positive over the past 24 hours, down from 3,200. North Carolina reported its biggest daily jump in cases in two months, less than a day after governor Roy

The Democratic-controlled US House of Representatives has approved a new fiscal stimulus package worth $2.2tn, but the move failed to break the political deadlock over additional relief for the American economy. The 214-207 vote on Thursday marked the second time since May that the lower chamber of Congress has passed legislation to support for the

Americans lose some $50 billion a year to financial fraud, according to the Stanford Center on Longevity’s Financial Security Division. If it ever happens to you or someone close to you, here’s what to do. Key Takeaways Financial scams cost Americans more than $50 billion a year. Contrary to popular belief, people who fall victim

Robert Smith, the billionaire chairman and CEO of Vista Equity Partners, said Wednesday that there’s a marked disparity in investment opportunities between the public and private markets. Smith, who spoke with CNBC’s David Faber from the Delivering Alpha conference, said that his firm continues to look at high-growth investments in enterprise software versus more mature areas

US authorities on Thursday charged the founders of BitMEX, a major cryptocurrency exchange, with wilfully failing to prevent money laundering and operating an unregistered trading platform. The charges are the latest in a years-long effort by the US to crackdown on a cryptocurrency market that was once largely unregulated but has moved more and more

Priti Patel’s plan to deter migrants from crossing the English Channel in small boats took on elements of farce this week, with revelations that officials had considered locations from Ascension Island to Papua New Guinea to house asylum seekers. The news that some were looking to build a floating wall in the English Channel brought

Uber Technologies Inc. (UBER) makes money by running a ride-hailing service, and takes a cut of the fares. The company also has a food order and delivery business, Uber Eats, and a freight shipping business, Uber Freight. These work similarly to ride-hailing, except that they match people with delivery drivers and freight shippers, respectively. Key

Suez is trying to derail a takeover attempt by its fierce rival Veolia by backing an eleventh-hour bid led by French private equity group Ardian for the up-for-grabs stake in its own shares held by Engie. It is unclear if the push by water and waste group Suez comes too late to derail Veolia’s €3.4bn

CNBC’s Scott Wapner talks to Chamath Palihapitiya, Social Capital Founder and Chief Executive Officer during the 2020 Delivering Alpha conference on Sept. 30th, 2020. CNBC Outspoken technology investor Chamath Palihapitiya said Wednesday that the Federal Reserve will have more influence over the markets in the next four years than whomever takes the White House in November. 

Brussels is suing the United Kingdom over plans to violate last year’s Brexit withdrawal agreement, which could lead to Britain being hauled before the European Court of Justice. Ursula von der Leyen, the European Commission president, said that Brussels had sent a “letter of formal notice” to the UK over prime minister Boris Johnson’s “internal

Despite receiving significant attention in the financial and investment world, many people do not know how to buy the cryptocurrency Bitcoin, but doing so is as simple as signing up for a mobile app. With cryptocurrency back in the news again, now’s a better time than ever to delve into the weeds and learn more

The Federal Reserve has banned big US banks from buying back shares for the rest of the year and capped their dividends, dashing hopes that more profitable lenders would be able to return boost returns to their shareholders. The Fed said on Wednesday that it had decided to extend curbs on payouts introduced in September

Joshua Harris, Apollo Global Management Co-Founder speaks during the 2020 Delivering Alpha conference on Sept. 30th, 2020. CNBC A notable private equity investor said Wednesday that the boom in special purpose acquisition companies was not just a passing fad. Apollo Global Management co-founder Joshua Harris said at the Delivering Alpha conference presented by CNBC and

Peter Wells in New York The US reported more than 1,000 coronavirus deaths for the first time in a week on Wednesday, while hospitalisations reached their highest level in nearly three weeks. The national death toll rose by 1,061, according to Covid Tracking Project data on Wednesday, up from an increase of 739 on Tuesday

The technology sector is comprised of businesses that sell goods and services in electronics, software, computers, artificial intelligence, and other industries related to information technology (IT). The sector includes companies with the largest market capitalizations in the world such as Apple Inc. (AAPL), Microsoft Corp. (MSFT), and Amazon.com Inc. (AMZN). Tech stocks, as represented by

Barry Sternlicht, Starwood Capital Group Chairman and CEO, speaking during the 2020 Delivering Alpha conference on Sept. 30th, 2020. CNBC Starwood’s Barry Sternlicht expects high flying technology stocks to fall from their heights if Former Vice President Joe Biden wins the 2020 election and Democrats take control of both chambers of Congress.   ”Maybe long term, two,

Asana, the business software company led by Facebook co-founder Dustin Moskovitz, was valued at nearly $4.5bn after making its debut on the US stock market. Shares in the company opened at $27 and traded up to $29 in one of two hotly-anticipated direct listings on the New York Stock Exchange due on Wednesday. Palantir, the

Ethical concerns are chucked at the checkout. Campaigners have long complained about the “intention-action gap” — the difference between what consumers say they care about (sustainability) and what they do (nothing). Sometimes the action is there: Nike suffered from the sweatshop allegations of the 1990s. But more often than not, consumers shrug. Wednesday’s half-year results

Mergers vs. Acquisitions: An Overview Mergers and acquisitions are two of the most misunderstood words in the business world. Both terms often refer to the joining of two companies, but there are key differences involved in when to use them. A merger occurs when two separate entities combine forces to create a new, joint organization.

David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs CEO David Solomon restructured several of his businesses and named new heads for the bank’s asset management and consumer and wealth management divisions.  The moves announced

Some 60 years have passed since the first televised debate between the two main candidates for the White House. Some of the sequels have been quotable, others soporific, but none quite as dismaying as the one held in Ohio on Tuesday. Whether President Donald Trump’s interruptions were impulsive or calculated to throw Joe Biden, his