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
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
See which stocks are posting big moves after the bell.Market Insiderread 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
Some Apple employees have become disillusioned with the group's culture, where some have thrived while others feel sidelined.Technologyread more
International sanctions on North Korea could produce structural reforms that boost long-term economic growth in the pariah state.
Pyongyang's frequent acts of nuclear aggression have earned the isolated country multiple penalties from the United Nations and the United States, including heavy restrictions on trade and financial transactions. Earlier this month, Washington imposed additional punishments for the use of a banned nerve agent that the White House says was used to assassinate leader Kim Jong Un's half-brother.
These sanctions actually "provide a narrow pathway for reforms that could unshackle the economy," according to William Brown, adjunct professor at Georgetown University.
Overseas aid organizations and the U.N. should use sanctions leverage as a means to demand market and productivity enhancing reforms, Brown wrote in a new report published by The National Committee on North Korea, a Washington-based non-governmental organization.
Kim's government "may be more interested in systemic reform than it has previously been, given its need for hard currency and the dangers it must understand are coming from the increasingly dollarized economy," Brown said.
Kim's administration has allowed and Chinese yuan to saturate the economy, which has led to the North Korean won becoming "nearly fixed to the dollar," Brown said. That raises questions as to how long the regime can maintain monetary stability, he said.
The international community should focus on the following reforms, according to Brown.
Those measures have the potential to "save the country from the debilitating crush of its classic long-term poverty trap" and create "growth even greater" than South Korea, China, and Japan at equivalent periods in their development, Brown said.