After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
Market bull Jeff Saut told CNBC on Tuesday that the lows are in and the market is headed "much higher."Marketsread more
Home Depot CFO Carol Tome says "consumer confidence is near record high levels" but "consumer demand could be impacted" by lingering U.S.-China trade tensions.Mad Money with Jim Cramerread more
The company's stock seesawed after the markets closed Tuesday, initially swinging up by 4% before falling by about 2%.Retailread more
President Donald Trump believes he has quite the bargaining chip with the European Union.Marketsread more
The United States does not have a defense against hypersonic weapons, which can travel at least five times the speed of sound, or a little more than a mile per second....Defenseread more
The Federal Reserve has lost control of interest rates as evidenced by the federal funds rate trading higher than any part of the U.S. Treasury yield curve, Jeffrey Gundlach,...Marketsread more
See which stocks are posting big moves after the bell.Market Insiderread more
CoinList CEO Andy Bromberg on CNBC Tuesday cautioned investors to be careful of fraud when buying into initial coin offerings.
"The vast majority of ICOs are scams or people seeking to raise money easily," said Bromberg, whose company is a platform that helps crypto start-ups find investors.
ICOs are a crowdfunding way to raise funds for cryptocurrency ventures.
Bromberg made his comments after reports of ICOs being vulnerable to hackers.
On Monday, Securities and Exchange Commission Chairman Jay Clayton said: "Market professionals, especially gatekeepers, need to act responsibly and hold themselves to high standards. To be blunt, from what I have seen recently, particularly in the initial coin offering space, they can do better."
Bromberg agreed with Clayton's remarks, calling most ICOs "low quality" and said they do not go through the proper steps.
"What people need to do is get good legal counsel that understands what they're doing," he said in a "Squawk Alley" interview, someone who knows "when these securities need to be registered or exempted with the SEC, when they need to go through processes with other agencies, and what they actually need to do in advance of running a token sale."
This still-unregulated means of raising money in its "modern form" has been around for less than a year, Bromberg said, and thus is an attractive way for start-ups to raise capital while bypassing regulations. As the value of cryptocurrencies like bitcoin took off in 2017, ICOs became increasingly popular.
Bromberg predicted coin offerings will become more closely monitored in the coming year as they grow more widespread.