Stocks slipped on Tuesday as investors digested a sharp rebound from a strong sell-off last week.US Marketsread more
For investors still haunted by last week's monster sell-off, the market's comeback is set to last, according to J.P. Morgan's quant guru.Marketsread more
The FDIC on Tuesday voted to approve a five-agency revision of the post-crisis regulation known as the Volcker Rule.Financeread more
The launch follows a "preview" earlier this month that allowed only limited customers to apply.Technologyread more
A U.S.-China trade deal would be less likely if President Xi cracks down violently on the large-scale protests in Hong Kong, Secretary of State Mike Pompeo tells CNBC.Politicsread more
At least three children held in detention centers at the Mexican border have died, in part, from the flu, a group of doctors say.Health and Scienceread more
The report was conducted by Senator Jon Kyl, R-AZ, and a team of lawyers who interviewed conservatives who use ans study Facebook.Technologyread more
Home Depot's CEO says the retailer cut its outlook partly due to "the potential impacts to the U.S. consumer arising from recently announced tariffs."Retailread more
Energy stocks may be fueling up for a comeback rally. One technical analyst says that after the sector's pummeling, these two stocks look particularly good.Trading Nationread more
U.S. interest rates will keep falling and follow global interest rates all the way down to zero, hedge fund manager Kyle Bass said.Marketsread more
Financial advisers are always "buying at the wrong time and selling at the wrong time because they're emotional," the billionaire founder of Baron Capital says.Marketsread more
Anyone found responsible for the killing of missing journalist, Jamal Khashoggi, should be targeted by sanctions, investor Bill Browder told CNBC Wednesday.
Khashoggi, a journalist for the Washington Post and critic of Saudi Arabian leaders, has been missing since entering the Saudi consulate in Istanbul on Oct. 2. Turkish officials have said they believe the journalist was murdered and his body removed. The Saudis have strongly denied the allegation.
Browder said that according to reports he has read, Khashoggi was murdered and dismembered by up to 15 assassins sent from Saudi Arabia. He said authorities should impose "Magnitksy Act" sanctions on anyone deemed guilty of involvement in an extra-judicial killing.
Browder's lawyer, Sergei Magnitsky, died in a Russian prison in 2009 after exposing corruption in the government.
Since then, Browder has led an anti-corruption campaign against Russian officials. In 2012, U.S. Congress passed the "Magnitsky Act," which sanctions Russians and others for alleged human rights abuses.
"If this is true, and again it hasn't been proven yet, but if this is true it is exactly what the Magnitsky Act is for. It should be for these people and those who order, going as high as it needs to go," he said to CNBC's Street Signs.
The American-born Browder, author of the 2015 book "Red Notice," worked in Russia for more than a decade — becoming the biggest foreign money manager in the country before leaving in 2005.
Now based in London, the investor told CNBC that any reluctance by authorities to properly investigate the Khashoggi case would fail to appease public outcry.
"I don't think President Trump, the Saudi regime, or the Turkish regime control the story, " he said before adding "this is the most horrifying story I've ever heard and if there are not the most grave sanctions then everybody involved will lose credibility."
The investment and financial community has expressed displeasure at the possible slaying of Khashoggi with many corporate, media, and political organizations pulling out of an October investment conference organized by Saudi Arabia's sovereign wealth fund, the Public Investment Fund.
Browder said investors needed to go further and withdraw capital from the country but that could only happen with legal intervention.
"Investors basically are governed by greed and fear. If the penalties for doing business with bad guys are high enough, that will create the fear not to do business with them."