Republican John Kasich, who is thinking about running for president in 2020, is likely to announce as soon as this week that he will join a major cable news network, CNBC has learned. Kasich has signaled to close advisors and some donors that he is looking to sign with either CNN or MSNBC as he…
The House Oversight Committee is investigating the actions of a dozen pharmaceutical companies in raising prescription drug prices in the U.S., the panel announced Monday. Chairman Elijah Cummings, D-Md., sent letters to AbbVie, Amgen, AstraZeneca, Celgene, Eli Lilly, Johnson & Johnson, Mallinckrodt, Novartis, Novo Nordisk, Pfizer, Sanofi and Teva Pharmaceuticals seeking detailed information and documents…
U.S. stock index futures fell on Monday as investors awaited the start of the corporate earnings season. Concerns over an economic slowdown in China also dampened sentiment to start off the week. At around 8:05 a.m. ET, Dow Jones Industrial Average futures indicated a decline of more than 200 points at the open. Futures on…
China's overall December exports unexpectedly fell 4.4 percent from a year earlier, the biggest monthly drop in two years, the customs data showed on Monday. Imports also unexpectedly contracted in December — falling 7.6 percent, marking the biggest decline since July 2016. That left the country with a trade surplus of $57.06 billion for the…
Jonathan Ernst | Reuters National Security Advisor John Bolton answers questions from reporters as he announces that the U.S. will withdraw from a treaty with Iran during a news conference in the White House briefing room in Washington, October 3, 2018.  The White House requested options for a military strike against Iran last September, a…
China's trade surplus with the U.S. — closely watched amid a bitter trade war between Washington and Beijing — grew 17 percent from a year ago. According to Reuters, that's the highest on record dating back to 2006.
Munshi Ahmed | Bloomberg | Getty Images A worker walks past a billboard displaying CapitaLand signage outside the company's Bedok Residences mixed development project construction site in Singapore on Feb. 18, 2013. Major Asian real estate developer CapitaLand said on Monday it has entered into an agreement to buy two wholly owned units from Ascendas-Singbridge,…
Chinese foreign direct investment into North America and Europe fell by 73 percent to a six-year low last year as the United States tightened scrutiny of deals and Chinese restrictions on outbound investment bit, law firm Baker & McKenzie said. The figures reflected the impact of escalating trade and political friction between Washington and Beijing.…
Ford Motor is gearing up to launch new electric cars as soon as next year, CEO Jim Hackett told CNBC on Sunday. Ford has previously announced its plans to invest $11 billion in electric vehicles by 2022 and produce 40 hybrid and fully electric cars, in a plan to revive its slowing business. However, the…
Spencer Platt | Getty Images A woman walks by a Sears store in Brooklyn on October 15, 2018 in New York City. The iconic American retailer has filed for Chapter 11 protection from creditors early on Monday, listing more than $10 billion in debts and more than $1 billion in assets. Sears has survived the…
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