The Business Roundtable, a group of CEOs of nearly 200 major U.S. corporations, gave a new definition of the "purpose of a corporation."Marketsread more
Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Since its IPO 15 years ago, Google has become more and more powerful. Today, that power is being highly scrutinized.Technologyread more
Sequoia's Michael Moritz says that direct listings worked for Spotify and Slack and will become more common for companies with "courage and intelligence."Technologyread more
Shares of embattled utility PG&E plummeted after a judge ruled that a jury can decided whether it should pay up to $18 billion in damages.Marketsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
The New York City police officer who used a chokehold on Eric Garner in an encounter that ended with Garner's death has been fired, New York City Police Commissioner James...Politicsread more
These are the stocks posting the largest moves midday.Market Insiderread more
The president said the Fed has been hampered by a "horrendous lack of vision" and said it should institute 100 basis points worth of reductions in its benchmark rate.Marketsread more
Investors should be careful not to buy or sell stocks based on last week's brief inversion of the yield curve in the bond market, CNBC's Jim Cramer warns.Investingread more
A bubble in Chinese stocks is bursting and the market is likely to halve in value from current levels, one strategist told CNBC on Thursday.
But even after the correction, the Chinese stock market is up some 40 percent this year alone, boosted by heavy investment by retail investors and monetary easing from China's central bank.
"We're cautious on Chinese equities, which we think is a bubble which is bursting real-time here," Stewart Richardson, chief investment officer at RMG Wealth Management, said on CNBC's "Worldwide Exchange. "
Richardson said the Chinese market had "all the hallmarks" of a bubble—a rally driven by retail investors and valuations at more extreme levels than in the U.S. tech sector in 2000, just before prices fell sharply.
"We're beginning to see some price action—we're down 13 percent on the major indices last week. We've seen a bit of a bounce, then more selling coming in. Chinese stocks could pretty much halve from where they are today," he said.
Richardson added that it was a "dangerous time" for Chinese stocks, with the economy slowing and corporate profitability poor.
China's economy grew 7 percent in the first three months of the year—its slowest pace since 2009.
"If China does what we think it could, which is to fall by 50 percent, then the Hong Kong markets will be hit very hard. We're avoiding those markets," Richardson said.
—By CNBC.com's DharaRanasinghe.