Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
China is reducing support for its electric carmakers a move experts and industry insiders warn could lead to consolidation and waning investor appetite. But some of the...Technologyread more
Is your CEO on the list? Glassdoor has the results.Power Playersread more
Joseph Gaspar, the chief financial officer at Elbit Systems, said M&A among firms in the sector began to pick up pace in the 1980s and looks set to continue.Paris Air Showread more
Stocks in Asia rose on Wednesday following positive developments overnight on the U.S.-China trade front.Asia Marketsread more
Signs of companies moving out of Hong Kong have emerged, members of the business community told CNBC following massive protests in the city. But one analyst said Hong Kong's...China Politicsread more
Sen. Josh Hawley, a well-known tech critic, introduced legislation on Wednesday that would remove the immunity big technology companies receive for user-posted content under...Technologyread more
In its new "Future Skills" report, LinkedIn has identified what it calls the 10 "rising skills" of the future and the jobs associated with them.Get Aheadread more
Democratic Rep. Maxine Waters on Tuesday requested that Facebook pause its development of Libra, an upcoming cryptocurrency that the company plans to release in 2020.Technologyread more
Jeffrey Robinson, best-selling author of a scathing bitcoin take-down, told CNBC on Friday that he believes buying bitcoin is gambling not investing.
"It's a bubble," Robinson said on "Squawk Alley." "It's a loaded roulette wheel. You're better off in Vegas. The food is better."
In his 2014 book "BitCon," he called bitcoin "pretend currency," and wrote very few people use or accept it.
Despite additional adoption of bitcoin as a payment method since then, Robinson repeated that sentiment, saying "nobody is using it."
Robinson, a prolific writer who made his mark as an investigative journalist, said the media was responsible for promoting bitcoin and other cryptocurrencies. "I blame this network for bringing on these snake oil salesmen who tell you what a great investment it is." He added: "It's not an investment. It's not a currency."
During the interview, CNBC hosts defended the network, saying it brings on individuals from all sides to share their perspectives.
Robinson remain unconvinced, saying there is only one side to the bitcoin story and it's all bad.
Investing in cryptocurrencies, Robinson contended, is akin to the so-called greater fool theory: No matter the quality of an asset there's always someone out there willing to pay more for it.
"There is no use for bitcoin," he said, urging the government to warn people about what he feels is the questionable nature of digital coins.
Bitcoin was trading above $11,000 on Friday after sharp sell-offs earlier in the week, which at one stage saw it almost cut in half from last month's all-time high above $19,000.