Apple suppliers’ shares fall on the back of report alleging hidden Chinese spy chips

Apple suppliers in Asia saw a broad decline on Friday on the back of a bombshell report that alleged Chinese spy chips were discovered in data center equipment used by Amazon and Apple. On Friday afternoon in Japan, shares of electronic parts maker TDK dropped by 4.46 percent while component supplier Murata Manufacturing declined by…

30-year Treasury yield hits 3.27%, highest since 2014

The yield on the 10-year Treasury note hit its highest level since July 2011 and the yield on the 30-year Treasury bond hit its highest level since October 2014 on Wednesday after the release of strong economic data. Private companies added 230,000 more positions for the month, according to ADP and Moody's Analytics, besting expectations…

Cramer: GE’s CEO change could mean the company is doing worse than expected

General Electric's sudden CEO change may have gained the market's vote of confidence, but to CNBC's Jim Cramer, it suggested something more dire. On Monday, the struggling industrial giant announced that it would replace CEO John Flannery with former Danaher chief Lawrence Culp, a move related to Flannery's slower-than-anticipated turnaround plans, sources told CNBC. "When…

New York State Tax Department reviewing fraud allegations involving Trump in NYT article

Ron Galella | Ron Galella Collection | Getty Images Fred Trump and Donald Trump attend 38th Annual Horatio Alger Awards Dinner on May 10, 1985 at the Waldorf Hotel in New York City.  The New York state tax officials are investigating allegations detailed in an exhaustive New York Times investigation into Donald Trump and his…

Senate Republicans set key vote on Kavanaugh nomination for Friday

U.S. Senate Majority Leader Mitch McConnell on Wednesday set up a procedural vote for as early as Friday on Supreme Court nominee Brett Kavanaugh's confirmation. McConnell, a Republican, filed a petition for a so-called cloture vote, which if successful would limit debate on the Kavanaugh nomination and start the clock ticking on a final 30-hour…

Shadow banking crisis may push India’s central bank to leave the rupee stranded

With the rupee hovering close to its all-time weakest level against the U.S. dollar, India's central bank is widely expected to hike interest rates this week to shore up the currency. The rupee has been the worst-performing Asian currency this year, losing around 14 percent against the greenback on the back of higher U.S. interest…

Apple says it has ‘absolutely no evidence’ of China spy chip claims, says it’s...

Apple disputes the report and says that it's not under any sort of agreement not to talk about such an attack. "Apple has never found malicious chips in our servers," Apple said. "Finally, in response to questions we have received from other news organizations since Businessweek published its story, we are not under any kind…

Kavanaugh admits he might have been ‘too emotional’ in testimony on misconduct allegations

Saul Loeb | Pool | Getty Images Supreme Court nominee Judge Brett Kavanaugh testifies before the US Senate Judiciary Committee in the Dirksen Senate Office Building on Capitol Hill September 27, 2018 in Washington, DC.  U.S. Supreme Court nominee Brett Kavanaugh said in Wall Street Journal op-ed on Thursday that he "might have been too…

Chinese tech has taken hefty blows but giants like Tencent and Baidu are not...

Just look at the growth and size of their businesses. Tencent grew 30 percent year-on-year in the second quarter of the year, Alibaba increased revenues 61 percent, while Baidu saw 32 percent growth. All of these business are expanding rapidly into new geographies and areas. Tencent's massive games business continues to have traction despite regulatory…

India’s sluggish housing market may deteriorate further if the central bank hikes rates

Shishir Baijal, chairman and managing director of Knight Frank India, also said that higher interest rates would not help to create the environment needed to improve demand in the housing market, which constitutes the majority of the country's real estate sector. "It won't be the fillip which is required for the housing sector to pick…

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