Yuri Gripas | Reuters Senate Minority Leader Chuck Schumer (D-NY) (C) and other Senate Democrats hold portraits of constituents affected by the government shutdown on the steps of the U.S. Capitol in Washington, U.S., January 16, 2019. The partial government shutdown dragged into its 27th day Thursday, leaving 800,000 workers without pay, airport security delayed…
China is set to announce GDP figures for 2018's fourth quarter on Monday. Economists surveyed by Reuters see growth having likely slowed to 6.4 percent against the prior year's fourth quarter. Official growth numbers — the veracity of which outside experts have long expressed skepticism — came in at 6.5 percent for the third quarter…
Despite a slowing economy, China's stock market has emerged as one of the best places in Asia to invest in due to its "very, very attractive" valuation, according to global investment house Fidelity International. There have been more and more signs of a slowdown in China's economy, which is the largest in Asia and second-biggest…
According to a new report from BuzzFeed, U.S. President Donald Trump directed Michael Cohen to lie to Congress about efforts to build a Trump Tower in Moscow. The report, published late Thursday evening, cited two federal law enforcement officials involved in investigating the matter. NBC News has not independently confirmed the report. Cohen, who served…
The stock market's positive response to a report that U.S. officials were considering lifting tariffs on China to get a trade deal was telling, but it wasn't necessarily good, CNBC's Jim Cramer said Thursday. "Stocks that had been crushed on Chinese worries roared higher like this arrangement was already a done deal" despite the report…
Asia Pacific markets rose on Friday morning as investors reacted to a report that said American officials were weighing the possibility of easing tariffs on China, in a bid to push forward trade talks. In Japan, the Nikkei 225 rose 0.9 percent in early trade while the Topix index added 0.8 percent. South Korea's Kospi…
Investors may be less willing to buy Netflix stock in two years as media companies such as Disney, Amazon and Apple will look to command a presence in the online streaming business, venture capitalist Gene Munster told CNBC on Thursday. Movie watchers will likely subscribe to numerous streaming brands, but the Loup Ventures founder said…
Chris Kleponis | Getty Images President Donald Trump speaks to the media before departing the White House for Camp David on January 6, 2019 in Washington, DC. (Photo by Chris Kleponis - Pool/Getty Images) President Donald Trump has canceled his delegation's trip to the World Economic Forum, citing the ongoing partial government shutdown. "Out of…
Check out the companies making headlines after the bell: Shares of Netflix fell as much as 5 percent in after hours trading based on their mixed earnings released Thursday. Fourth-quarter earnings were 30 cents per share which beat analyst's estimates by 6 cents. Quarterly revenue missed at $4.19 billion vs. the $4.21 billion estimated by…
David A. Grogan | CNBC Brad Smith, President and Chief Legal Officer, Microsoft, speaks at the 2017 Cambridge Cyber Summit on October 4, 2017. The current U.S. government shutdown is not good for business, Microsoft president and chief legal officer, Brad Smith said on CNBC's "Closing Bell" on Thursday. "It is not good for business,"…
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