The combined business would be owned 50/50 between shareholders of FCA and Groupe Renault.Autosread more
As trade talks between the U.S. and China increasingly center on Chinese treatment of foreign companies, Beijing says major American complaints about structural aspects of its...China Economyread more
Trump calls the US trade imbalance with Japan "unbelievably large."Politicsread more
Some House members want to lift the cap on state and local tax deductions, but it could be tough, in part because the move is expected to benefit high earners.Politicsread more
Smartphone users in Singapore, the U.K. and China told CNBC's "Beyond The Valley" that foldable smartphones are "very strange," "super bulky," and expensive compared to the...Technologyread more
Economic activity in the U.S. is "quite strong" while China has managed to stabilize its economy, said Tan Min Lan, Asia-Pacific head of chief investment office at UBS Global...World Economyread more
The U.S. is showing signs of targeting China's domestic surveillance and the tech supporting it.Technologyread more
A Beijing decision to rapidly and sharply cut its excessive and unsustainable trade surplus with the U.S. would change for the better the bilateral relationship, writes...World Economyread more
Plant-based protein makers Beyond Meat and Impossible Foods may be taking the food industry by storm, but there's no guarantee their products are healthier than the real...Fast Moneyread more
If you value reliability and quality over a posh cabin and jealous looks, the Lexus LX 570 two-row is the Japanese Range Rover you need.Autosread more
Being a military service member or veteran comes with a unique set of challenges. The good news is that there are government financial programs available to veterans that can...Invest in You: Ready. Set. Grow.read more
A cryptocurrency with ties to former hedge-fund manager Michael Novogratz has surged past litecoin into fifth place by market capitalization.
CoinMarketCap data showed eos climbed more than 30 percent over the last 24 hours for a market capitalization of nearly $7.1 billion, topping litecoin's $6.8 billion. Bitcoin is the largest cryptocurrency by market capitalization, followed by ethereum, ripple and bitcoin offshoot "bitcoin cash. " Eos was trading slightly higher on the day near $8.84 as of 10:32 a.m. ET.
Former Fortress hedge-fund manager Novogratz's Galaxy Digital announced in late January a joint venture with eos developer Block.one for a $325 million fund.
As was the case with a previous eos price surge, the cryptocurrency gains came ahead of an "airdrop" of new coins to eos holders. A group of developers who also claim involvement with the eos project are planning to distribute one eosDAC token to all accounts with at least 100 eos tokens at 1 a.m. UTC April 15, or 9 p.m. ET Saturday.
Eos is a cryptocurrency for a platform set to go live this summer called eos.ios, which proponents expect could be better than ethereum in many ways and potentially bring on much greater adoption of cryptocurrency-related technology.
Talk show host John Oliver criticized eos in a March 11 episode of "Last Week Tonight" that discussed the risks of cryptocurrency investing. Oliver's concerns included the apparent lack of seriousness by advisor and noted early bitcoin investor Brock Pierce. Eos developer Block.one responded in a lengthy blog post that said Pierce has ended his role at the company by mutual agreement. It wasn't clear whether Pierce's departure was a result of the Oliver segment.
Eos has crept higher in the cryptocurrency market cap rankings over the last few months. It wasn't among the top 10 until late January, made ninth place in mid-March and was sixth-largest earlier this week.