While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
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While Hong Kong leader Carrie Lam painted a bleak picture of the city's economy, she expressed hope that dialogue with protesters could provide "a way out."China Politicsread more
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Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
U.S. President Donald Trump and his former White House communications director Anthony Scaramucci have had a public falling out recently.Politicsread more
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Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.China Economyread more
Stocks are bouncing higher but could be trapped in a range longer term, until there's a resolution of the trade wars.Market Insiderread more
Stocks in Asia mostly traded higher Tuesday afternoon as minutes from the Reserve Bank of Australia's July meeting were released. The People's Bank of China also published its...Asia Marketsread more
Billionaire investor Leon Cooperman told CNBC on Thursday the stock market could get hurt if a far-left candidate were to win the presidency in 2020.
"We have the best economy in the world. Capitalism works," Cooperman said in a knock against Sanders, who describes himself as a democratic socialist. The Vermont senator, a champion of progressives, is one of nearly two dozen candidates seeking the 2020 Democratic president nomination. He ran in 2016, but the party nomination went to Hillary Clinton.
As a platform, Sanders and some other Democratic presidential candidates, including Sen. Elizabeth Warren of Massachusetts, are looking to increase taxes on the wealthy to pay for expanded government social programs.
"All in all, I'm not in favor of raising taxes. Taxes are high enough," Cooperman said. "I think it's counterproductive to look to the wealthy people across the board."
However, Cooperman said he personally could afford to pay higher taxes. "I can live with a 50% tax rate."
Cooperman, whose Omega Advisors is now a family office, said he plans to give all his money away through the Giving Pledge, created by Bill Gates and Melinda Gates, and Warren Buffett. Cooperman said he gave his children their inheritance years ago.
While generally supportive of President Donald Trump's business friendly policies, Cooperman has been critical at times of the president for the way he conducts himself and communicates.