Richard Yu, CEO of Huawei's consumer business, said Huawei's own operating system for smartphones and laptops could be ready for use in China by fall this year.Technologyread more
The embattled German lender saw its share price hit a record low Monday, down nearly 5% since the start of the year.Banksread more
Lawmakers, lobbyists and CEOs in the U.S. are looking to trying to pick out the best parts of the EU's privacy law called GDPR – and ditch what they see as the worst.Technologyread more
Shares of Chinese telecommunications heavyweight Huawei's suppliers took a hit on Thursday afternoon amid the ongoing fallout surrounding the Chinese telecommunications giant.Asia Marketsread more
After holding parliamentary elections over seven phases, India started counting the votes on Thursday — and Prime Minister Narendra Modi's Bharatiya Janata Party-led coalition...Electionsread more
Among the many ways Trump has shattered White House norms, his impulsive public communications rank among the most consequential. By inspiring investors or spooking them, his...Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
China accounted for 40% to 60% of the global increase in trichlorofluoromethane, or CFC-11, emissions between 2014 and 2017, a study found.Scienceread more
CNEX, backed by Microsoft and Dell, filed new allegations in a Texas suit accusing China's Huawei and an executive of trade secrets theft.Technologyread more
With Amazon and Walmart facing regulatory hurdles in India, Reliance's Mukesh Ambani isTechnologyread more
Tech usage and addiction inspires a billion-dollar mindfulness industry. CNBC's Uptin Saiidi attempts three days without any digital gadgets.Technologyread more
Stock markets could continue to slow down now that the major tech giants leading the bull have lost momentum, Bleakley Advisory Group's Peter Boockvar told CNBC on Tuesday.
"Collectively, there's no question that [the FAANG] trade is dead," the chief investment officer said on "Closing Bell."
Boockvar said the stock group began to fall apart when Facebook disappointed in the second quarter and shares fell more than 24 percent.
Then Apple followed, he said, with a mixed fiscal fourth-quarter report that revealed its iPhone sales were practically flat year over year.
Boockvar even points to Amazon's $1 trillion market cap in September as a cause for concern about the company's continued growth, as competition "is getting more intense."
"Taken together, there's really no leadership anymore in the stock market," he argued.
Combined with the woes that technology stocks had in October and the slowdown that's reaching global markets, Boockvar says it could implicate the broader market, as it has already impacted semiconductor stocks.
"So, each of these stocks, going forward, are going to trade on their own footing and not as a group," he said.