Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Stocks in Asia were tepid on Wednesday afternoon after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
The purchase confirms Apple's continued interest in self-driving car software, and it will bolster Apple's engineering ranks with additional employees who can build autonomous...Technologyread more
More than 1,000 protesters marched to major foreign consulates on Wednesday calling on leaders at the upcoming G-20 summit to raise the plight of Hong Kong with China and to...World Politicsread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Nigerian President Muhammadu Buhari is to contest his party's nomination for next February's presidential election, leading to a rather downbeat reaction on the Nigerian stock exchange.
Stocks in Lagos dropped over 1 percent after his announcement Monday, Reuters reported, hitting a three-month low. Sentiment remained subdued Tuesday as stocks hovered around the flatline.
In fact, Nigeria's stocks have been on a downwards trajectory for over a month.
Buhari's leadership of late has been subject to speculation over his health, for which he sought treatment in London for several months last year. The president, 75, has not disclosed the reason for the treatment.
He is currently in the U.K. for talks with Prime Minister Theresa May ahead of the Commonwealth Heads of Government Conference in London next week.
In 2015, Buhari was the first Nigerian opposition leader to win an election. Representing the center-left All Progressives Congress (APC), he beat then-incumbent Goodluck Jonathan. Buhari previously ruled Nigeria in the 1980s as head of a military regime.
But, Nigeria has struggled on both its economic and security fronts since Buhari's landmark election victory.
In late March, it emerged that Nigeria's national budget announcement, initially planned for January, had been pushed back to the end of May.
The country experienced its first full-year recession in 25 years in 2016, with its economy hit by low oil prices. Economic growth remains sluggish, expected by the International Monetary Fund to be 1.9 percent for 2018, well below the emerging market average of 4.9 percent.
But, there has been some economic positive news. Nigeria's state revenue for February edged up by 19 billion naira ($53 million), thanks to higher crude oil exports and prices.
Nigeria is one of the largest economies in Africa, and with over 180 million inhabitants is the continent's largest population. In its manifesto, the APC pledged to create 1 million new jobs per year.
Islamist militant group Boko Haram continues to threaten the security of civilians in the northeast of the country. Meanwhile, militant attacks also continue in the Niger delta region, the country's oil production hub.
"Buhari is likely to face opposition for the APC ticket, although as a sitting president he is in the strongest position to secure the nomination," Imad Mesdoua, senior consultant for sub-Saharan Africa at research firm Control Risks, told CNBC via telephone.
"The vote in 2019 will be competitive, but (Buhari) will argue that he needs more time to improve national security and implement anti-corruption measures, key promises he had pledged to see through during the 2015 election."
But one former leader has espoused a renewal in Nigerian politics. "The older generation must give way for the new one," ex-President Ibrahim Babaginda said earlier this month, as reported by local press. "We have become analog, but this is a digital age. So the young people should be supported to use their digital knowledge to move the country forward."
Babangida and another former president, Olusegun Obasanjo, who supported Buhari previously, have since spoken against the incumbent.
There has been a "crystallization of criticism among some power-brokers against government performance" since Buhari came to power, Mesdoua said. "Both Obasanjo and Babangida criticized the government's performance in economic management, security and poverty alleviation but also called for a new generation of leaders."