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Monthly Archives: January 2018

Tillerson says Russia is not implementing all North Korea sanctions, may be frustrating some steps

Drew Angerer | Getty Images US Secretary of State Rex Tillerson attends UN Security Council meeting concerning North Korea’s nuclear ambitions on December 15, 2017. U.S. Secretary of State Rex Tillerson accused Russia on Wednesday of not implementing all United Nations sanctions on North Korea over its nuclear weapons program …

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Google and Singapore’s Temasek to invest in Go-Jek

Graham Crouch | Bloomberg | Getty Images Nadiem Makarim, chief executive officer of Go-Jek. Alphabet’s Google, Singapore state investor Temasek Holdings and Chinese online platform Meituan-Dianping are investing in a fundraising round of Indonesian ride-hailingstart-up Go-Jek, sources familiar with the matter said. Go-Jek’s existing investors such as global private equity …

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Peugeot is aiming to have all vehicles electrified by 2025, CEO says

Daniel Roland | AFP | Getty Images Carlos Tavares, CEO of PSA Groupe at a press conference in Germany on November 9, 2017. Peugeot SA Chief Executive Carlos Tavares said on Wednesday that by 2025 “the PSA Group will be 100 percent electrified,” and said the French automaker will use …

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Digital currency plunge may be healthy for cryptocurrency market

The cryptocurrency market rout may be the beginning of a needed washout that digital currency enthusiasts have been waiting for. “The markets over the last year have certainly appreciated more quickly than the fundamentals have, and this is a shakeout to hopefully draw the financial reality closer to the fundamental …

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Rupert Murdoch is working from home after suffering a back injury

David Paul Morris | Bloomberg | Getty Images Rupert Murdoch, co-chairman and founder of Twenty-First Century Fox Media mogul Rupert Murdoch suffered a painful back injury while on vacation, a source told CNBC Murdoch sent an e-mail to employees confirming he sustained the injury while sailing. The email said he …

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Few large companies say they’ll use tax savings to boost wages, CNBC survey finds

David Paul Morris | Bloomberg | Getty Images Tim Cook, chief executive officer of Apple Inc. Despite a handful of high-profile announcements, the recent cuts in corporate taxes haven’t yet had a meaningful impact on American companies’ plans to boost investment or raise workers’ pay, a CNBC survey of large …

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Ripple co-founder loses $44 billion on paper during cryptocurrency crash

The digital currency plunge has wiped billions from the paper fortune of a cryptocurrency billionaire in just a few weeks. Ripple’s XRP coin has fallen 74 percent from an all-time high of $3.84 hit on Jan. 4, erasing $44 billion from the holdings of Chris Larsen, co-founder and executive chairman …

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Trump rejects ‘horrible’ bipartisan plan for immigration

Kevin Lamarque | Reuters President Donald Trump speaks during an interview with Reuters at the White House in Washington, U.S., January 17, 2018. U.S. President Donald Trump on Wednesday aligned himself solidly with conservative Republicans on immigration, criticizing a proposed bipartisan deal as “horrible” on border security and “very, very …

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Visa will not process bitcoin transactions, says CEO Alfred Kelly

Bitcoin, the world’s largest cryptocurrency, is not really money and Visa won’t touch it, the credit card giant’s CEO told CNBC. “I don’t view it as payment system player,” Alfred Kelly said in an interview recorded on Tuesday at the National Retail Federation conference in New York City. Despite the …

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Bitcoin tests important price level after dramatic plunge

While bitcoin may look like it will continue to crash and burn, its chart suggests it could be trying to find at least a temporary price floor. Technical analysts say it’s way too soon to say whether the price of the cryptocurrency is bottoming, after its stunning collapse, but they …

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