May had failed to win a parliamentary majority on Britain's withdrawal from the European Union.Europe Politicsread more
Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
Despite a decline in global commercial real estate markets, Asia-Pacific continues to enjoy a record-breaking growth — thanks to China, according to the Global Capital Flows...Real Estateread more
The Wall Street Journal and The New York Times, citing people familiar with the deal, reported that $30 million would go to plaintiffs and $14 million would be used to pay...Entertainmentread more
Danish shipping group A.P. Moller-Maersk on Friday posted first-quarter profit close to expectations and warned that trade tensions and slowing economic growth constitute...Earningsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
The U.S. Commerce Department said its proposed rule would amend the normal countervailing duty process to include new criteria for currency undervaluation.World Economyread more
SpaceX sent 60 satellites into space in a key first mission toward the company's own high-speed internet network.Internetread more
Zilingo founder Ankiti Bose says working as an investment analyst helped her build her near-$1 billion fashion start-up.Ditching the Corporate Liferead more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Crypto trader Ran Neu-Ner told CNBC that the U.S. Securities and Exchange Commission needs to establish ICO (initial coin offerings) regulations — or risk stifling an entire American industry.
Neu-Ner, who is host of CNBC Africa's "Crypto Trader " and the founder of OnChain Capital, has traveled extensively to places like Singapore and Japan, where he said ICOs, a crowdfunding way to raise funds for cryptocurrency ventures, are thriving.
"I know [the SEC is] balancing investor protection with the need to grow an industry," said Neu-Ner, an early investor of cryptocurrency like bitcoin.
The SEC has long been cautious of ICOs, which are a still unregulated way of raising money. About $600 million has been raised by way of fraudulent ICOs, according to the SEC. On Wednesday, the commission set up a website to teach investors what a fake ICO looks like.
"The SEC did adopt a responsible approach by taking their time to see what's happening with the industry," Neu-Ner said. "But now we know crypto is real. We know this thing, that blockchain and crypto, isn't going away anytime soon. And now they've got to come to the party and give us some kind of regulation so we know where we stand."