While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread 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
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
While Hong Kong leader Carrie Lam painted a bleak picture of the city's economy, she expressed hope that dialogue with protesters could provide "a way out."China Politicsread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
U.S. President Donald Trump and his former White House communications director Anthony Scaramucci have had a public falling out recently.Politicsread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.China Economyread more
Stocks are bouncing higher but could be trapped in a range longer term, until there's a resolution of the trade wars.Market Insiderread more
Stocks in Asia were mixed on Tuesday, as the People's Bank of China published its new loan prime rates which would result in cheaper borrowing costs for companies.Asia Marketsread more
The stock market may be catching a bit of crypto fever.
"Bitcoin has woken up a lot of people," said Laszlo Birinyi, the stock guru and founder of Birinyi Associates. The crypto currency phenomena has more investors watching screens, where they track bitcoin but also the stock market's daily rise to new highs.
"Bitcoin is a catalyst for a lot of interest. It's everybody. It's also giving the guy on the trading desk, sitting at a hedge fund, a shot in the arm," he told CNBC in a phone interview.
Birinyi said more of the cash that's been sitting on the sidelines is making its way back into stocks. "All of a sudden more and more people are aware there's a market going on, the stock market and there's a way to make money," he said.
Birinyi has said the cryptocurrency appears to be in a bubble. While he would not invest in it, he has traded it, including Monday as the CME launched its bitcoin futures. "I made $3,000 in an hour," he said. "This is not investment money. This is the money you would spend on that new driver for your golf bag."
He said he sold bitcoin later in the day at a price $200 above where he bought it. Bitcoin has risen rapidly from under $5,000 in early October to just above $18,000 Tuesday. While the bitcoin chart does have the look of bubble in the making, many investors believe it has a long way to go.
"What I was trading was the fact there was an event. Futures were going to happen, which meant there was a focus on the area," he said.
As for stocks, Birinyi set a target of 2,700 for the S&P 500 for the middle of the first quarter, but it has neared that level already and he will make a new call once it closes above there.
Birinyi said the stock market has also been helped by the fact it is front-page news, along with bitcoin. Stocks had been making new highs earlier in the year, but the market was not getting the attention it is getting now from the media.