Bitcoin drops back below $30,000, heads toward new low for the year

CryptocurrencyBitcoin drops back below $30,000, heads toward new low for the yearPublished Mon, Jul 19 202111:56 PM EDTUpdated 3 Hours AgoArjun Kharpal@ArjunKharpalShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey Points Bitcoin fell below $30,000 for the first time since Jun. 22 dragging other digital...

UBS reports 63% jump in net profit as wealth management division soars

EarningsUBS reports 63% jump in net profit as wealth management division soarsPublished Tue, Jul 20 202112:53 AM EDTUpdated Tue, Jul 20 20215:50 AM EDTElliot Smith@ElliotSmithCNBCShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email In this article UBSG-CH VIDEO3:1203:12Seeing 'buoyant' client activity in the second quarter,...

Singapore tightens restrictions again as Covid cases rise

Health and ScienceSingapore tightens restrictions again as Covid cases risePublished Tue, Jul 20 20214:00 AM EDTUpdated Tue, Jul 20 20215:31 AM EDTSaheli Roy Choudhury@sahelircShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey Points Singapore's government on Tuesday said it will again tighten Covid-19 measures, including...

Indonesia must ‘protect the people’ without sacrificing the economy, finance minister says

EconomyIndonesia must 'protect the people' without sacrificing the economy, finance minister saysPublished Tue, Jul 20 20214:15 AM EDTUpdated Tue, Jul 20 20215:30 AM EDTEustance Huang@EustanceHuangShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey Points Sri Mulyani Indrawati told CNBC that the so-called social safety net...

Chinese driverless car start-up WeRide makes first acquisition as competition ramps up

TechChinese driverless car start-up WeRide makes first acquisition as competition ramps upPublished Tue, Jul 20 20212:25 AM EDTArjun Kharpal@ArjunKharpalShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey Points Chinese driverless car start-up WeRide has acquired autonomous trucking firm MoonX.AI for an undisclosed sum. More than...

Debt-laden China Evergrande shares drop 14% to four-year lows

China EconomyDebt-laden China Evergrande shares drop 14% to four-year lowsPublished Tue, Jul 20 20212:01 AM EDTEvelyn Cheng@chengevelynShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey Points The Hong Kong-listed shares of China Evergrande Group fell Tuesday to four-year lows following news of an asset freeze....

Billionaire Joe Tsai is the ‘mystery buyer’ behind $157 million Manhattan apartment deal

WealthBillionaire Joe Tsai is the 'mystery buyer' behind $157 million Manhattan apartment dealPublished Mon, Jul 19 20218:05 PM EDTUpdated Tue, Jul 20 20217:46 AM EDTRobert Frank@robtfrankDavid Faber@DavidFaberShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey Points Alibaba co-founder Joe Tsai is the mystery buyer behind...

It’s official: The Covid recession lasted just two months, the shortest in U.S. history

EconomyIt's official: The Covid recession lasted just two months, the shortest in U.S. historyPublished Mon, Jul 19 20212:54 PM EDTUpdated Mon, Jul 19 20213:30 PM EDTJeff Cox@jeff.cox.7528@JeffCoxCNBCcomShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey Points The Covid-19 recession ended in April 2020, the National...

Dow tumbles 700 points for its worst drop since October as investors fear a Covid resurgence

MarketsDow tumbles 700 points for its worst drop since October as investors fear a Covid resurgencePublished Sun, Jul 18 20216:06 PM EDTUpdated An Hour AgoTanaya Macheel@tanayamacPippa Stevens@PippaStevens13ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email In this article UAL AAL SPGI MS U.S. stocks fell...

England takes leap into the unknown, lifting Covid rules as cases surge

Europe PoliticsEngland takes leap into the unknown, lifting Covid rules as cases surgePublished Mon, Jul 19 20213:12 AM EDTUpdated 3 Hours AgoHolly Ellyatt@HollyEllyattShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey Points England has taken a step into the unknown, lifting nearly all remaining restrictions...

What to look out for as Europe’s earnings season begins, according to the pros

Europe MarketsWhat to look out for as Europe’s earnings season begins, according to the prosPublished Mon, Jul 19 202110:36 AM EDTElliot Smith@ElliotSmithCNBCShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey Points Analyst consensus projecting a 140% year-on-year increase in earnings per share for the second...

U.S. government tells individuals to avoid travel to the UK as Covid cases rise

AirlinesU.S. government tells individuals to avoid travel to the UK as Covid cases risePublished Mon, Jul 19 20212:57 PM EDTUpdated An Hour AgoLeslie Josephs@lesliejosephsShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey Points The State Department and CDC said to avoid travel to the U.K.,...

Fintech keeps minting billionaires as Robinhood co-founders prepare for massive IPO

TechFintech keeps minting billionaires as Robinhood co-founders prepare for massive IPOPublished Mon, Jul 19 20214:21 PM EDTUpdated 1 Min AgoAri Levy@levynewsShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey Points Robinhood filed its updated IPO prospectus on Monday and said it expects to sell shares...

WHO officials say we could have Covid under control next year ‘if we’re really lucky’

Health and ScienceWHO officials say we could have Covid under control next year 'if we're really lucky'Published Mon, Jul 19 20213:45 PM EDTRich Mendez@richmendezcnbcShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey Points Even as the delta variant rapidly spreads across the globe, WHO officials...

U.S., NATO and EU to blame China for cyberattack on Microsoft Exchange servers

PoliticsU.S., NATO and EU to blame China for cyberattack on Microsoft Exchange serversPublished Mon, Jul 19 20217:00 AM EDTUpdated Mon, Jul 19 202110:18 AM EDTChristina Wilkie@christinawilkieShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey Points A new joint effort by NATO members, the European Union,...

Germany mourns after devastating floods which could be a political game-changer

Germany: Engine of EuropeGermany mourns after devastating floods which could be a political game-changerPublished Mon, Jul 19 20217:51 AM EDTUpdated 5 Hours AgoHolly Ellyatt@HollyEllyattShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey Points The clear up has barely begun after extensive flooding in Germany and...

Chinese electric carmaker Xpeng prices its new sedan at $24,700 undercutting Tesla

TechChinese electric carmaker Xpeng prices its new sedan at $24,700 undercutting TeslaPublished Mon, Jul 19 20211:46 AM EDTArjun Kharpal@ArjunKharpalShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey Points There are six different versions of Xpeng's P5, the company's third production model, ranging from 160,000 yuan...

YouTube to add labels to some health videos amid misinformation backlash

TechYouTube to add labels to some health videos amid misinformation backlashPublished Mon, Jul 19 20212:18 PM EDTUpdated An Hour AgoJennifer Elias@jenn_eliasShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey Points YouTube says it will try to surface more credible health information and add labels with...

Peloton says it’s preparing to enter the video game business

RetailPeloton says it's preparing to enter the video game businessPublished Mon, Jul 19 20211:37 PM EDTUpdated 43 Min AgoLauren Thomas@laurenthomasShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey Points Peloton is preparing to enter the video game business, the company confirmed to CNBC. The cycle...

Bill Ackman’s Pershing Square Tontine drops deal to buy 10% of Universal Music

MarketsBill Ackman’s Pershing Square Tontine drops deal to buy 10% of Universal MusicPublished Mon, Jul 19 20212:28 AM EDTUpdated Mon, Jul 19 202110:11 AM EDTElliot Smith@ElliotSmithCNBCShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey Points Ackman's Pershing Square Holdings hedge fund will now take the...

Viral video shows Malaysian police destroying 1,069 bitcoin mining rigs with a steamroller

Crypto DecodedViral video shows Malaysian police destroying 1,069 bitcoin mining rigs with a steamrollerPublished Mon, Jul 19 20212:17 AM EDTUpdated 1 Min AgoMacKenzie Sigalos@KENZIESIGALOSShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey Points Malaysian authorities seized 1,069 bitcoin mining rigs, laid them out in a...

OPEC+ oil deal sends prices lower — and this could be a buying opportunity

Oil and GasOPEC+ oil deal sends prices lower — and this could be a buying opportunityPublished Mon, Jul 19 20212:23 AM EDTUpdated Mon, Jul 19 20217:22 AM EDTWeizhen Tan@weizentShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey Points OPEC+ reached a deal on Sunday to...

Tencent says it’s buying UK video game developer Sumo Group, sending shares flying

TechTencent says it's buying UK video game developer Sumo Group, sending shares flyingPublished Mon, Jul 19 20215:47 AM EDTUpdated Mon, Jul 19 202110:13 AM EDTRyan Browne@Ryan_Browne_ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey Points Tencent has agreed to acquire British video game developer Sumo...

U.S. warning about Hong Kong signals Washington could do ‘a lot more,’ lawyer says

Asia PoliticsU.S. warning about Hong Kong signals Washington could do 'a lot more,' lawyer saysPublished Mon, Jul 19 20216:42 AM EDTUpdated Mon, Jul 19 20218:09 AM EDTAbigail Ng@abigailngwyShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey Points The U.S. has issued a warning to U.S....

Zoom is buying cloud contact center provider Five9 for $14.7 billion

TechZoom is buying cloud contact center provider Five9 for $14.7 billionPublished Sun, Jul 18 20219:55 PM EDTUpdated Sun, Jul 18 202111:06 PM EDTAri Levy@levynewsShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey Points Zoom announced on Sunday that it's acquiring Five9 for $14.7 billion in...

The 149th Open: Collin Morikawa holds off Jordan Spieth to win by two shots on Open debut

International SportsThe 149th Open: Collin Morikawa holds off Jordan Spieth to win by two shots on Open debutPublished Sun, Jul 18 20219:26 PM EDTUpdated Mon, Jul 19 20217:21 AM EDTKeith Jackson ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKey Points Collin Morikawa became the...