Facebook will also create a new subsidiary, Calibra, to build a digital wallet for people to store and exchange the currency using apps.Technologyread more
Experts expect Facebook's cryptocurrency venture to alleviate some security issues, while introducing new ones.Cybersecurityread more
European Central Bank President Mario Draghi defended the tools that the organization has available.Europe Newsread more
According to China's top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.China Economyread more
German Chancellor Angela Merkel has presided over a tumultuous recent period, which for many, has left Europe on the brink.Commentaryread more
The chipmaker crush could persist and investors should be selective, but Nvidia looks like a clear buy, one market watcher says.Trading Nationread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
U.S. President Donald Trump's former campaign chairman Paul Manafort was transferred to a detention facility in Manhattan on Monday ahead of an expected arraignment on state...White Houseread more
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Markets in Asia were mostly higher on Tuesday as investors awaited the start of a closely-watched meeting by the U.S. Federal Reserve, set to kick off later stateside.Asia Marketsread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
General Electric's board of directors issued a quarterly dividend of 12 cents per share to the company's stockholders, GE announced Friday.
Investors breathed a sigh of relief that the dividend is safe...at least for this current quarter. Fears of a second diviend cut for the widely owned blue chip company has weighed on the shares. GE cut the dividend in half on Nov. 13, to 12 cents per share from 24 cents per share.
Shares of GE rose 0.6 percent in trading Friday. The dividend is payable on July 25.
Some investors and analysts fear John Flannery's turnaround plan of the embattled conglomerate will have to include another cut to the dividend. This concern sent GE shares tumbling on May 23, in its worst single day of trading since April 2009. Flannery declined to comment that day about whether the company would cut the company's dividend again in 2019, instead telling analysts at a conference that GE would "have to see how this plays out" before deciding.
A cut to the dividend in 2019 is not in GE's plans, people familiar with the situation told CNBC's David Faber, who reported the news May 24. Flannery's remarks to at the conference may have been misinterpreted, according to Faber's sources.