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Michael Cohen postpones congressional testimony because of threats to family from Trump, Giuliani

Joe Mcdermott Jan 23, 2019 0
President Donald Trump's former personal lawyer and fixer Michael Cohen on Wednesday postponed his plan to testify before Congress in February because of concerns about his family's safety, Cohen's adviser Lanny Davis said. Davis cited…

UAE favors global cooperation amid China’s rising tech dominance

Joe Mcdermott Jan 23, 2019 0
The United Arab Emirates (UAE) is not worried about China'srising dominance in the technology sector, according to the country's artificial intelligence minister. It comes at a time of widespread concern over Chinese tech giant Huawei. The…

Trump recognizes Venezuela opposition leader as interim president amid unrest

Joe Mcdermott Jan 23, 2019 0
Venezuelan opposition leader Juan Guaido declared himself interim president on Wednesday, while hundreds of thousands of Venezuelans poured onto the streets to demand an end to the socialist government of President Nicolas Maduro. In a…

Hedge fund manager John Paulson praises Trump accomplishments, says he would re-elect him

Joe Mcdermott Jan 23, 2019 0
Hedge fund manager John Paulsonbelieves President Donald Trump has achieved much since taking office and remains a supporter of the Republican president. "Aside from the messaging, I think he's accomplished a great deal and I'm supportive…

Tesla slashed Model S and X staff in recent layoffs

Joe Mcdermott Jan 23, 2019 0
New details are emerging about Tesla's second round of layoffsin just seven months. Deep cuts occurred in its sales, delivery and Model S and Model X production teams, according to current and newly laid off workers. These people also…

Showdown: Trump pledges ‘alternative’ event after Pelosi blocks State of the Union

Joe Mcdermott Jan 23, 2019 0
Democrats will block President Donald Trump from giving his State of the Union address in the House chamber until the partial government shutdown ends, House Speaker Nancy Pelosi said Wednesday. After Pelosi's announcement, the president…

Watch now: ETF Edge on emerging markets, gold and the potential bitcoin ETF

Joe Mcdermott Jan 23, 2019 0
Host Bob Pisani and guests Tim Seymour of Seymour Asset Management and Andrew McOrmond of WallachBeth discuss the best way to get in the global rally and whether a bitcoin ETF is off the table. CNBC's ETF Edge is dedicated to the…

DAMAC chairman calls bottom for Dubai property market, sees value in Brexit

Joe Mcdermott Jan 23, 2019 0
A major Emirati property developer believes Dubai's property market has bottomed out — but says there remain at least two more tough years ahead before a full rebound. "2018 has been a difficult year, prices have come down, sales have come…

Earnings season: So far, big companies are giving reassuring 2019 guidance

Joe Mcdermott Jan 23, 2019 0
The big concern as earnings season began was the outlook for this year’s growth. The big stocks reporting on Wednesday have all provided reassuring guidance for 2019, including Dow components United Technologies and IBM, both above…

WTO director: Trump and Abe are right, we could do better

Joe Mcdermott Jan 23, 2019 0
The director-general of the World Trade Organization (WTO) told CNBC that disapproval of his organization is fair and the trade body could do better. Earlier on Wednesday, Japanese Prime Minister Shinzo Abe told a Davos audience that the…
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