A display for facial recognition and artificial intelligence is seen on monitors at Huawei’s Bantian campus on April 26, 2019 in Shenzhen, China. Kevin Frayer | Getty Images China’s seemingly unfettered push into facial recognition is getting some high-level pushback. Face-swapping app Zao went viral last weekend, but it subsequently triggered a backlash from media
Finance
Aaron Levie Dan Edblom | CNBC Box co-founder and CEO Aaron Levie told CNBC on Thursday that his company will take a collaborative approach to working with activist hedge fund Starboard Value, which disclosed a 7.5% stake in the cloud software provider earlier this week. “We’re very aligned with Starboard’s interests,” Levie said in an
President Donald Trump and China’s President Xi Jinping make joint statements at the Great Hall of the People in Beijing, Nov. 9, 2017. Jonathan Ernst | Reuters The previous 18 months of trade talks between the U.S. and China have only led to more tit-for-tat tariffs, but this time it might be different, according to
French bank Societe Generale’s headquarters in Paris. Chesnot | Getty Images News | Getty Images Banks must be prepared for interest rates to remain low for a longer time — which will squeeze profitability for lenders, deputy chief executive of Societe Generale said on Thursday. Low interest rates have been one of the biggest challenges
Tim Cook, chief executive officer of Apple, and Eddy Cue, senior vice president of Internet Software and Services at Apple, attend the annual Allen & Company Sun Valley Conference, July 10, 2019 in Sun Valley, Idaho. Drew Angerer | Getty Images News | Getty Images Apple plans to borrow in the bond market for the
Shipping containers from China and other nations are unloaded at the Long Beach Port in Los Angeles, on February 16, 2019. Mark Ralston | AFP | Getty Images The U.S. trade deficit narrowed less than expected in July as the trade war between the United States and China drags on. The Bureau of Economic Analysis
There’s little evidence to suggest that money is being moved out of Hong Kong amid ongoing unrest in the city that has lasted for months, according to two top executives. “I can say to you that we’re seeing very little panic, that we’re seeing very little evidence of flight,” John Woods, Asia Pacific chief investment
Australia’s vibrant start-up scene has this year opened the door to a wealth of attractive new employment opportunities in industries ranging from security to tech. But it’s in financial services that new businesses are making the greatest waves, according to a new workplace ranking. Financial services disruptors make up six of LinkedIn’s 10 most attractive
NEW YORK, NY – MAY 13: Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE), May 13, 2019 in New York City. Drew Angerer | Getty Images News | Getty Images Markets will rally for the rest of the year, according to J.P. Morgan.
A customer uses an automated teller machine in Singapore. Nicky Loh | Bloomberg | Getty Images Singapore is about to shake up its banking sector for the first time in two decades — a move that would allow technology players and non-banking companies to challenge traditional lenders. The disruption could be a win-win situation for
Stocks are sending a sell signal. So says widely followed strategist Sven Henrich, founder and lead market strategist at NorthmanTrader, who told CNBC’s “Fast Money” on Thursday that one S&P 500 chart is showing the market heading for a major drop. Many market watchers have taken notice of the technical “megaphone” pattern the S&P has
Traders and financial professionals work on the floor of the New York Stock Exchange. Drew Angerer | Getty Images Whether or not the U.S. is going into a recession is on the minds of Americans everywhere. Google searches show recession fears have spiked exponentially since the end of July, when the Federal Reserve cut interest
A cargo ship holds shipping containers as other containers sit at the Port of Los Angeles, the nation’s busiest container port, in September 2018. Mario Tama | Getty Images News | Getty Images BEIJING — China is moving slowly in the implementation of retaliatory tariffs as trade tensions with the U.S. escalate. The Chinese government
Employees work on the production line of solar panel at Risen Energy Co., Ltd on February 21, 2019 in Ningbo, Zhejiang Province of China. Zhejiang Daily | Visual China Group | Getty Images President Trump rattled Wall Street when he demanded U.S. firms move production out of China. But many have already taken steps to
The “Fast Money ” traders shared their first moves for the market open. Steve Grasso was a buyer of Trinseo. Savita Subramanian was a buyer of the Financial sector. Dan Nathan was a buyer of Microsoft. Guy Adami was a buyer of CBS. Disclosure Trader disclosure: Steve Grasso is long stock AAPL, BHC, CAR, EVGN, GE,