Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia edged up Monday afternoon as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
The hearing will now begin next Monday to allow time for the completion of a previous trial that revolves around former 1MDB unit SRC International, a Kuala Lumpur High Court...Asia Newsread more
"I don't want to do business at all because it is a national security threat," Trump told reporters.Technologyread more
Cryptocurrencies are "highly risky" assets and are unsuitable as investments, three European Union (EU) regulators warned Monday.
The European Supervisory Authorities (ESAs) for securities, banking and insurance and pensions said in a joint statement that they were "concerned" about an increasing number of people buying virtual currencies without being aware of the risks involved.
"The ESAs warn consumers that VCs (virtual currencies) are highly risky and unregulated products and are unsuitable as investment, savings or retirement planning products," the regulatory agencies said.
The group of watchdogs said that cryptocurrencies like bitcoin are volatile and show "clear signs of a pricing bubble." It added that people investing in them should be conscious of the high risk that they could "lose a large amount, or even all, of the money invested."
As virtual currencies and exchanges used to trade them are not regulated under EU law, the regulators warned that cryptocurrency investors are not protected in the event of an exchange going out of business or a cyber-attack. Last month, cryptocurrency lending and exchange firm Bitconnect said it was shutting down its platform after it received cease-and-desist letters from securities divisions in Texas and North Carolina.
The EU joins a number of government authorities in raising concern over cryptocurrencies.
South Korea, for instance, introduced measures to tackle speculation in the sector, banning the use of anonymous bank accounts in cryptocurrency trading. And Indian Finance Minister Arun Jaitley said recently that his government will take measures to "eliminate" the use of cryptocurrencies in "illegitimate activities or as part of the payment system."