Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
The Federal Reserve and the market are miles apart on interest rate expectations, and the disparity could cost the stock market a 7%-10% drop, economists say.Economyread more
President Trump lambastes Twitter, Google and other technology giants for what he claims as their efforts to stifle him.US Economyread more
Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
Mnuchin tells CNBC he's confident President Trump and China's Xi Jinping can make progress in stalled trade talks.World Economyread more
JP Morgan's Jamie Dimon says student lending "is a disgrace and it's hurting America."Economyread more
These are the stocks posting the largest moves midday.Market Insiderread more
The Supreme Court refused to overturn a precedent that strengthened the power of government regulators in a closely watched case that could have had broad ramifications for...Politicsread more
Shares of Paychex dropped on Wednesday after Bank of America downgraded the stock due to its "excessive valuation" and "underwhelming fundamentals."Marketsread more
A full-time worker earning the federal minimum wage of $7.25 per hour cannot rent an affordable two-bedroom apartment anywhere in the country, where affordable is defined as...Spendread more
The president raised $6 million alone at a fundraiser he attended at the Trump International Hotel on Tuesday in Washington.Politicsread more
The G10 currency market is driven solely by political events, one strategist told CNBC Friday.
Dominic Bunning, FX Strategist at HSBC said that whereas a range of events had impacted the performance of G10 currency pairs, now it is only politics.
"In G10, everything is driven by politics. We used to think about economics and cyclical stories and structural stories and balance of payments etc but now all we care about is politics," Bunning said.
He explained that if you have a strong political view then you make trading decisions on the basis of that.
"If you think the euro zone is going to break up then by all means sell the , " Bunning said, while warning that he doesn't have a strong view on euro.
On sterling however, Bunning said the weakness is likely to continue. "We still think there is a strong weakness in sterling even though it is relatively lower because the political outlook in the UK is very challenging."
The G10 currencies are the , the euro, the , the , the , the , the , the , the and the Canadian dollar.
A number of these currencies have seen a lot of volatility since the start of the year owing to political uncertainties in their respective countries or on a global level. The biggest events this year have been the U.K.'s vote to leave the European Union and the U.S. presidential elections. While sterling is down more than 16 percent since the Brexit vote on June 23, the euro has been on its worst losing streak since the currency arrived in 1999.
The dollar, meanwhile, has been seeing some strength, rising to a 14-year high against a basket of currencies on the growing perception that the economic policies of U.S. President-elect Donald Trump will push up consumer prices. While traders are growing more bullish on the dollar, HSBC's Bunning warned that it is not great for emerging market currencies.
"You need to be selective in terms of your currency choices. I don't think it's a dollar bull run against everything but I do think if you look at the outlook for emerging market currencies, particularly the high-yield currencies at the moment, it is very hard to have a positive currency view."
Soaring dollar has hit assets across emerging markets, especially after Federal Reserve chief Janet Yellen said a rate hike could be "relatively soon."
Follow CNBC International on and Facebook.