Pro-EU parties are set to hold onto two-thirds of the seats at the EU Parliament.Europe Politicsread more
The projected result comes shortly after Conservative Party leader Theresa May announced her resignation as prime minister on Friday morning.Europe Politicsread more
Stocks in Asia were were mixed in Monday morning trade as investors watched for developments from U.S. President Donald Trump's state visit to Japan as well as results from...Asia Marketsread more
Sources say the talks, which have been happening over the last several weeks, have picked up speed in recent days and could lead to an announcement regarding a merger or...Autosread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Book income helped self-proclaimed socialist Bernie Sanders join the millionaire class, a group he has often criticized during his decades in politics.Politicsread more
Exit polls showed National Rally, a re-branding of Le Pen's National Front, beating Macron's party by just one seat.Europe Politicsread more
Stocks that are most prone to swine flu fears include Bloomin' Brands, Phibro, Darling Ingredients, Deere, and Hormel, according to analysts.Marketsread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
You should use your summer vacation to unwind from work stress. Here are some tips for disconnecting while you're away.Technologyread more
If you value reliability and quality over a posh cabin and jealous looks, the Lexus LX 570 two-row is the Japanese Range Rover you need.Autosread more
Mentalist Oz Pearlman's bet on bitcoin is propelling him to an early lead in the CNBC Stock Draft — and he's convinced it will help him take the championship title.
In fact, he predicts the cryptocurrency will rally to $12,000 by the end of the contest, which began with the closing prices on April 25 and concludes with the closing prices on Jan. 31, 2020.
"It is going to lead me to victory," Pearlman said Tuesday on CNBC's "Power Lunch. " "I'm swinging for the fences here."
Bitcoin's value has increased more than 120% since the beginning of the year, hitting $8,325 on Tuesday morning, according to data posted on the website CoinDesk. It has since given up some of those gains.
Thanks to that performance, Pearlman has taken the early lead in the draft. He's up about 17% total for his three picks, which also include Disney and Goldman Sachs. The winner is determined by the average percentage change of all three selections.
Pearlman said he expects the cryptocurrency to continue to fluctuate — and that is key to helping him win.
"A blue chip stock that is going to be a Fortune 500 company, what are the odds that it is going to jump 100% in a year? Few and far between," he said. "Bitcoin, we have seen that so many times."
It was just in late 2017 that bitcoin hit all-time highs of around $20,000.
Sitting at the No. 2 position right now in the CNBC Stock Draft is "Mr. Wonderful," Kevin O'Leary. His selections — Johnson & Johnson, Altria and Procter & Gamble — have earned him an average gain of just under 1%.
O'Leary, a "Shark Tank" investor and chairman of O'Shares ETFs, slammed bitcoin earlier in the day.
"It is a useless currency," he said on CNBC's "Squawk Box."
"To me, it's garbage, because you can't get in and out of it in large amounts."
— CNBC's David Reid contributed to this report.
Disclosure: CNBC owns the exclusive off-network cable rights to ABC's "Shark Tank."