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December 5, 2019
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China could harden stance after 70th National Day

CNBC
Now that China’s 70th anniversary celebrations are over, Beijing could take a “much harder” line on Hong Kong if violence continues to mount in the city, says a professor at Cornell University. “I think the escalation of protests on the day of the anniversary celebrations has already tested Beijing’s patience...
CNBC Business

China’s fake meat trend is on the rise, researchers say

CNBC
People making tofu the traditional way at a workshop on 22th October, 2017 in Guizhou, China. TPG | Getty Images Entertainment | Getty Images Supply crunch As supplies dwindle, more meat imports may be needed to meet consumer demand, the Fitch report stated. Alternatively, “new options would need to be...
CNBC Business

Johnson & Johnson settles with Ohio counties ahead of opioid trial

CNBC
A Johnson & Johnson building is shown in Irvine, California. Mike Blake | Reuters Johnson & Johnson said on Tuesday it settled with two Ohio counties, ahead of an opioid trial scheduled to begin on Oct. 21. The company will make a combined $10 million settlement payment to the counties...
CNBC Business

Visa, Mastercard reconsider backing Facebook’s Libra, report says

CNBC
Facebook announced its cryptocurrency, called Libra. Chesnot | Getty Images News | Getty Images Visa, Mastercard and other key financial partners may reconsider their involvement in Facebook’s cryptocurrency, Libra, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The financial backers to Libra did not want...
CNBC Business

Jim Cramer’s ‘Mad Money’ recap & stock picks Oct. 1, 2019

CNBC
CNBC’s Jim Cramer tells investors that the market was due for a pullback and that the latest manufacturing report will have less of an impact on Wall Street that most think. The “Mad Money” host explains his stance on investing money in Chinese companies and why it should be harder...
CNBC Business

Bill Gurley direct listing event convinced Outreach CEO to consider it

CNBC
For a company to go public through a direct listing successfully, conventional wisdom says it needs to have a big brand that consumers recognize and every investor knows. Spotify and Slack could go that route because they didn’t need bankers to explain their stories to money managers. But some big-name...
CNBC Business

North Korean projectile landed in Japan’s exclusive economic zone, Tokyo says

CNBC
Kim Jong Un is seen as the newly developed intercontinental ballistic rocket Hwasong-15 was successfully launched. KCNA | Reuters North Korea fired projectiles toward its eastern sea Wednesday, South Korea’s military and Japan‘s government said, in an apparent display of its expanding military capabilities ahead of planned nuclear negotiations with...
CNBC Business

Time to ‘start looking for stocks to buy into weakness’

CNBC
CNBC’s Jim Cramer on Tuesday said the stock market got hit because “we were due for a pullback.” The Dow Jones Industrial Average dropped more than 343 points, or 1.28%, the S&P 500 fell 1.23%, and the Nasdaq Composite decreased 1.13% during the session. The major indexes are up about...
CNBC Business

It should be harder for Chinese firms to go public in US

CNBC
CNBC’s Jim Cramer said Tuesday that he’s actually disappointed White House trade advisor Peter Navarro called reports claiming that the Trump administration was considering restricting Chinese companies’ access American dollars “fake news.” “I’ve gotta tell you, that’s actually too bad,” the “Mad Money” host said. “We should make it harder...
CNBC Business

Boris Johnson to unveil final Brexit offer to the European Union on Wednesday

CNBC
British Prime Minister Boris Johnson outside 10 Downing Street on 5 September 2019 in London, England. WIktor Szymanowicz | NurPhoto | Getty Images Prime Minister Boris Johnson will on Wednesday unveil his final Brexit offer to the European Union and make clear that if Brussels does not engage with the...
CNBC Business

Kamala Harris campaign raises $11.6 million in 2020 Democratic primary

CNBC
Democratic presidential candidate, Sen. Kamala Harris (D-CA) speaks during the Democratic Polk County Steak Fry on September 21, 2019 in Des Moines, Iowa. Joshua Lott | Getty Images Sen. Kamala Harris’ campaign took in $11.6 million in the third quarter, her campaign said Tuesday, putting her well behind some of...
CNBC Business

Trump campaign, RNC raised $125 million in the 3rd quarter

CNBC
President Donald Trump arrives for a photo opportunity with sheriffs from across the country on the South Lawn of the White House in Washington, September 26, 2019. Erin Scott | Reuters President Donald Trump’s 2020 reelection campaign and the Republican National Committee raised a total of  $125 million in the...
CNBC Business

After scary manufacturing drop, this is the number to watch Wednesday

CNBC
Engines assembled as they make their way through the assembly line at the General Motors (GM) manufacturing plant in Spring Hill, Tennessee, August 22, 2019. Harrison McClary | Reuters Wednesday’s report of ADP private payrolls could give clues on the labor market, the next part of the economy to be...
CNBC Business

Uber closes at record low, worth less than $50 billion

CNBC
Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., listens during a panel discussion at the Bloomberg Global Business Forum in New York, U.S., on Wednesday, Sept. 26, 2018. Mark Kauzlarich | Bloomberg | Getty Images Shares of Uber and Lyft fell to fresh lows on Tuesday, posting their lowest...
CNBC Business

WeWork property defaults may be next after failed IPO: Don Peebles

CNBC
A WeWork logo is seen at a WeWork office in San Francisco, September 30, 2019. Kate Munsch | Reuters WeWork could default on some of its real estate obligations as it struggles to raise fresh funding following the office-sharing firm’s failed initial public offering, mega-developer Don Peebles told CNBC on...
CNBC Business

Microsoft Surface Pro 7, Surface Laptop 3, Surface with ARM leak

CNBC
Microsoft is hosting a big hardware event in New York City on Wednesday and images of three new products that are likely to make their debut were leaked early. The pictures were published to , who has a good track record publishing information on products that have not yet been...
CNBC Business

Here’s a map of the Forever 21 stores set to close

CNBC
Forever 21 on Tuesday released a list of the nearly 200 locations it could potentially close as part of its bankruptcy proceedings. When the apparel retailer filed for bankruptcy on Sunday evening, it said it had 549 stores in the U.S. and 251 locations internationally. The planned closures represent about...
CNBC Business

GM lays off 6,000 additional workers in Mexico due to UAW strike

CNBC
United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC DETROIT – General Motors on Tuesday idled a plant in Mexico that produces its highly-profitable Chevrolet Silverado and GMC Sierra 1500 pickups, temporarily laying off 6,000 workers....
CNBC Business

White House floated memo to study China investment limits amid trade war

CNBC
US President Donald Trump speaks alongside Treasury Secretary Steven Mnuchin (R) during a meeting in the Roosevelt Room at the White House in Washington, DC, February 22, 2017. Saul Loeb | AFP | Getty Images Early last week, the White House circulated a policy memo outlining a process that would...
CNBC Business

Tech companies are telling markets to prepare for the worst

CNBC
Technology companies, which face some of the biggest tariff impacts, have been slashing expectations for third-quarter earnings at a record pace. With the kickoff to the heart of earnings season still about two weeks away, some 29 information technology sector companies have lowered their guidance, which is the biggest number...

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