Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
A recent Fed survey showed that workers' confidence for finding a new job after losing their current position was at 61.5% in May.Economyread more
These are the stocks posting the largest moves midday.Market Insiderread more
The red-hot market for new public companies in 2019 like Beyond Meat and Chewy could spell bad news for the stock market, Bernstein says.Marketsread more
The "captive carry flight test" evaluates the mock weapon during flight and is the Air Force's latest step amid the budding hypersonic arms race between China and Russia.Politicsread more
It's about time to write off high-growth tech stocks, Goldman warns, saying software carries the highest multiples since the tech bubble.Marketsread more
Profits for major U.S. tobacco companies could be cut in half if the FDA adopts a "maximum nicotine" rule within the next 15 years, according to analysts at Morgan Stanley.Tobaccoread more
Mursi, a top figure in the now-banned Muslim Brotherhood, had been in jail since being toppled by the military in 2013 after barely a year in power following mass protests...World Politicsread more
The African National Congress retained control of South Africa's parliament but its share of the vote fell, a rebuke from voters fed up with corruption scandals and racial inequalities that remain entrenched a generation after the party took power.
Provisional results on Saturday showed the ruling party secured 57.51% of the votes in Wednesday's general election. The main opposition party Democratic
Alliance (DA) picked up 20.76% and the leftist Economic Freedom Fighters garnered 10.79%, the Independent Electoral Commission said on its website.
The ANC's victory secures it enough seats in parliament to give President Cyril Ramaphosa another five years in office but may leave him short of ammunition to battle party rivals who oppose his reforms to galvanise the economy and counter graft.
It was the worst electoral performance by the late Nelson Mandela's former liberation movement, which has governed South Africa since the country's first free election marked the end of white minority rule in 1994.
The ANC had not previously won less than 60% of the vote in a national poll. The provisional results also showed the ANC won a tight provincial race in Gauteng, where South Africa's biggest city and commercial centre Johannesburg and the administrative capital Pretoria are located, with 50.19% of the vote.
Ramaphosa, who replaced scandal-plagued Jacob Zuma as president in February 2018, had aimed to re-engage ANC voters whose support has been eroded by faltering efforts to address corruption, unemployment and disparities in housing, land and services.