Category Archives: Finance

A massive US farming industry fears China trade trouble

One of America’s biggest farming industries fears it could find itself in China’s cross hairs if President Trump keeps ramping up trade tensions between the world’s two largest economies. China is the world’s biggest buyer of US soybeans. It imported

Is now the time to invest in South Africa?

South African President Cyril Ramaphosa says his country is entering “a new era” following the ouster of his scandal-plagued predecessor, Jacob Zuma. Investors appear to agree. The country’s benchmark stock index has surged 5% since Zuma stepped down late Wednesday.

Trump administration recommends steep tariffs on steel and aluminum

The Commerce Department is recommending steep tariffs on foreign steel and aluminum. The suggested tariffs, offered by Commerce Secretary Wilbur Ross in the name of national security, are the latest indication that President Trump’s trade talk is turning from bark

Four triggers could cause a huge cryptocurrency crash

        If it’s true that the bigger they are, the harder they fall, then cryptocurrencies have been gearing up for a tremendous decline. But, then again, maybe this is just the start for the great crypto bull

Ackman cuts staff, shuns limelight as he seeks to turn around fund

William Ackman is cutting almost a fifth of staff and looking to lower his public profile as he seeks to turn around Pershing Squera  Capital management after three straight years of losses, people familiar with the move told Reuters on Monday.

Wall Street ends higher despite government shutdown threat

NEW YORK  – Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed. The S&P 500 and the Nasdaq hit record closing highs, while the Dow ended the day higher after trading

Bank of America loses its second head of tech and media banking in less than a year

Bank of America’s global head of technology, media and telecommunications investment banking Anwar Zakkour is planning to depart to pursue other opportunities, according to an internal e-mail obtained by CNBC and confirmed by a bank spokesman. His departure marks the

HSBC to pay $100 million to settle currency rigging investigation

HSBC holdingson Thursday agreed to pay $101.5 million to settle a U.S. criminal probe into the rigging of currency transactions, which has already led the conviction of one of its former bankers. The payment includes a $63.1 million fine plus

SEC says it’s worried about ‘significant’ issues with cryptocurrency ETF plans

The U.S. Securities and Exchange Commission indicated Thursday it would not be open to approving cryptocurrency exchange-traded funds until concerns related to rules aimed at protecting investors are addressed. “We believe … that there are a number of significant investor

Bitcoin briefly dips below $10,000 on Coinbase, and ethereum crashes too

Bitcoin briefly plunged below $10,000 late Tuesday afternoon on Coinbase, after first topping the psychologically key level in late November. Other major digital currencies also sold off sharply. Digital currency ethereum plunged 30 percent Tuesday, to below $1,000, while ripple