A sell-off in chip stocks intensified following a report that chipmakers are cutting ties with Huawei after the Trump administration's ban.Marketsread more
Ford Motor said Monday that it is laying off about 7,000 salaried workers, about 10% of that global workforce, as part of a restructuring plan designed to save the No. 2...Autosread more
President Trump stands a chance of creating a new economic world order in his China trade fight, says the chief economic advisor of Allianz.Economyread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
The S&P 500 is only about 3% from its recent record high despite a tariff panic sell-off, negative investor sentiment and stock outflows.Trading Nationread more
Health officials confirmed another 41 measles cases last week, the Centers for Disease Control and Prevention said Monday, bringing the total to 880 for the year, already the...Health and Scienceread more
People investing in some technology stocks should not expect them to go up anytime soon, warns the "Mad Money" host.Investingread more
Google has suspended business activity involving the transfer of hardware, software and key technical services with Huawei. Analysts say that could be a big blow to the...Technologyread more
Little Caesars will sell a pizza topped with plant-based sausage crumbles made by Impossible Foods for the pizza chain. This marks the first time a national pizza chain is...Restaurantsread more
Wedbush cuts its price target on Tesla shares to $230 from $275.Investingread more
The suit claims Lyft failed to disclose issues it knew about concerning its bike-sharing program and labor.Technologyread more
Farmers are eschewing crops to plough their cash into the booming stock market, a journey by CNBC into the heart of rural China discovered.
Six months ago, apple farmer Liu Jianguo invested $8,000 into the Shanghai Composite, a big chunk of his life savings.
"It's a lot easier to make money from stocks than farm work," he told CNBC's Eunice Yoon. "But it's risky, you can earn $1,600 in ten minutes, and lose it all in the next."
Liu is one of many residents in the village of Nanliu, located in the northern Shaanxi province, hoping to profit from a stellar stock rally that has seen the Shanghai Composite breach fresh seven-year highs.
The rapid gains have sparked concerns of a bubble among the investor community but amateurs like Liu remain bullish for now.
"I've made some small profit and gained experience but I still feel anxious when my investments aren't doing well," he said.
The villagers first started investing their savings in stocks after hearing about the market craze on a visit to a nearby town. As the excitement spread, a small informal stock market center was set up in the village where residents could monitor their investments by the minute.
Aside from tracking market updates with computers, the savvy villagers are also using their smartphones.
The farmers now only tend their fields outside of market hours, Liu noted.
Wang Li, an unassuming grocer, invested $820 back in 2010 and soon earned the nickname 'stock market goddess' after her portfolio topped $33,000 - around 40 times her initial investment. Some of the companies in her portfolio include big-ticket names like Bank of China.
She advises investment novices to monitor the country's economic development and government policies closely, as well as reading the news.
The investment craze in Chinese rural areas comes as more retail investors play a bigger role in the market, encouraged by the Shanghai Composite rally which has risen 110 percent since last November.
Moreover, the country's high degree of financial literacy is a key factor; China ranked first in the investment component of the MasterCard Financial Literary Index Report this April.
"China is just beginning to catch up. In the United States 50 percent of families are investing in stock markets [whereas] in China, it's less than 9 percent," said Uwe Parpart, MD and head of research at Reorient Financial Markets.
- CNBC's Nyshka Chandran contributed to this article.