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
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 first debates will give most of the contenders their biggest platform yet to present themselves to the American people.Politicsread more
Deputy President Cyril Ramaphosa has won the leadership of South Africa's ruling African National Congress in a tightly fought contest.
Ramaphosa beat Nkosazana Dlamini-Zuma (NDZ), a former cabinet minister and current President Jacob Zuma's ex-wife, to the role.
The win by Ramaphosa is seen as a major upset for Zuma and the new ANC leader will contest the presidency in South Africa's next general election, scheduled for 2019. Thus, Ramaphosa has a strong chance of being the next South African president.
Ramaphosa is a businessman and former trade union leader, and also one of South Africa's richest men. He is viewed positively by investors and markets for his potential as a reformer, though NDZ had promised "radical economic transformation."
The vote was tightly run, with a result initially expected Sunday morning. The country's sovereign dollar bonds extended their gains after the result as announced at 5.00 p.m. London time Monday. The rand continued to strengthen against the dollar and had tracked higher for much of the afternoon.
In his final speech as president of the ANC delivered Saturday, Zuma spoke of economic "transformation" though he acknowledged that "the economy remains fragile."
2017 has not borne economic fruit for South Africa, one of Africa's largest economies. In October, Finance Minister Malusi Gigaba revised down the country's economic growth outlook for 2017 to 0.7 percent, dropping from the previous 1.3 percent figure.
The country's local currency debt was also downgraded to "junk" status by ratings agency S&P Global in November this year.
"Zuma stands to lose so much if his influence over the ANC goes," Martin Roberts, deputy head of Africa at analysis firm IHS Market said in a note last week. The president is facing tumbling popularity ratings and 783 charges of corruption. Zuma has denied wrongdoing.
Once led by Nelson Mandela and historically dominant in South African politics since the end of Apartheid in the early 1990s, the ANC has more recently been losing popularity due to a continuous stream of allegations leaking out against the government. The opposition Democratic Alliance now controls several major cities, including Johannesburg and the capital Pretoria.