Russian metals tycoon Oleg Deripaska stepped down as a director of his aluminum firm Rusal as part of a choreographed series of steps which he hopes will persuade the U.S. government to rescind sanctions that have crippled his businesses. Deripaska is now actively preparing the next step: reducing his stake in En+, the group which

Regulating cryptocurrencies is a good thing and it might even help advance the digital currency market, crypto trader Ran Neu-Ner told CNBC on Thursday. “When [regulators] come out with regulation, it’s going to open the floodgates for new money to come into crypto,” the host of CNBC Africa’s “Crypto Trader” said on “Fast Money.” While

It’s a mixed bag – a green energy developer, a shoemaker, a telecom equipment manufacturer and a port on the border with North Korea. But the businesses all have one thing in common: they’re among a rash of bond defaulters that has players wondering whether a day of debt reckoning in China’s US$2.8 trillion onshore

Shareholders at Gullane Capital Partners are betting on a comeback for maternity apparel retailer Destination Maternity. While it hasn’t been exactly rosy for the company — with sales weighed down by challenges so far, and a slow entry into e-commerce, Trip Miller, managing partner of Gullane Capital Partners, believes that things are looking up. “There’s

A key distinction between Paradex and other exchanges is that it does not hold tokens on behalf of its customers. Users instead trade peer-to-peer, directly from their own “wallets.” Coinbase in contrast, acts as a trusted custodian for digital assets on its exchange. “This peer-to-peer trading removes the need for third-party custodianship and the associated

The US’s banks have largely sat out the mergers and acquisitions wave of recent years. While deal records have fallen in almost every other sector, big banks have done almost nothing, shrinking rather than expanding. And merger activity among small and mid-sized banks — some 5,607 of them, at last count — has been subdued.

Jitters over U.S.-China trade tensions might have spooked markets earlier this year, but that doesn’t mean investors should shy away from mainland Chinese assets, Mark Matthews, head of Asia research at Bank Julius Baer, told CNBC on Wednesday. “I think people should own China, absolutely,” Matthews told CNBC’s Sri Jegarajah. For starters, the size of

The funds, which were not registered with the SEC, were highly levered and concentrated largely in Puerto Rico bonds, which became practically worthless in recent years. The residents who bought them lost billions of dollars in savings. The legislation passed Tuesday repeals the exemption to ensure that financial institutions that operate in all U.S. territories,

Ezra Shaw | Getty Images Cam Newton #1 of the Carolina Panthers points to the crowd in the fourth quarter of their game against the San Francisco 49ers at Levi’s Stadium on September 10, 2017 in Santa Clara, California. Billionaire hedge fund manager David Tepper has reached a deal to buy the Carolina Panthers, the

Cryptocurrency users and developers around the world are adopting bitcoin cash at faster rates than bitcoin core, Roger Ver, one of the first investors of bitcoin, told CNBC. Bitcoin cash, a bitcoin offshoot, split off from bitcoin last year after a small group of developers decided to add upgrades that would improve transaction efficiency. The

Stanley Druckenmiller made big bets on semiconductor stocks during the first quarter, according to a regulatory filing released Tuesday. Duquesne Capital initiated positions in Intel, Micron Technology and Qualcomm. The fund bought 2.46 million shares of Intel, 2.19 million shares of Micron and 411,000 of Qualcomm. In total, Duquesne invested $273.8 million in those stocks,

Christophe Morin | Bloomberg | Getty Images Attendees stand near Amazon.com Web Services signage during the Station F startup campus launch party in Paris, France, on Thursday, June 29, 2017. Amazon‘s cloud computing arm is looking to make it easier for customers to use blockchain with a new partnership announced Tuesday. The cloud computing giant

The Federal Reserve is likely going to turn more aggressive than it is currently indicating, with more rate hikes than expected coming this year, according to an economist on Tuesday. “The Fed’s got to worry about A: falling behind the curve and letting inflation get out of control; B: tightening too hard and pushing the

Former head of J.P. Morgan’s blockchain arm Amber Baldet has finally announced her next move. The former bank executive started a new blockchain company called Clovyr. “It’s a way to help people think differently about decentralized application design,” Baldet said Monday at the Consensus blockchain conference in New York. Baldet’s post-J.P. Morgan plans have been

Chipotle Mexican Grill’s recovery efforts, including the appointment of a new chief executive and a new delivery partnership, represent steps in the right direction, according to Piper Jaffray. The firm reiterated its overweight rating on the restaurant company’s shares, predicting Chipotle’s stock price could top $530 in 12 months, the highest target on Wall Street

One, his plan for a complete federal structure of the monetary and fiscal union is meant to guarantee the strength and the finality of the European project and its legal tender. Two, such a structure would be impossible to deconstruct by nationalists, populists and similar constituencies blaming all sorts of socio-economic problems on the EU’s

Michael Nagle | Bloomberg | Getty Images Bill Barhydt, founder and chief executive officer of Abra, speaks during the Consensus: Invest event in New York, U.S., on Tuesday, Nov. 28, 2017. Cryptocurrency conferences are still a massive business, even if bitcoin‘s price has plunged this year. When it kicks off this week, one ticket to

One of Wall Street’s biggest bulls sees blockchain playing a big role as an economic growth driver. It still may be considered an emerging technology, but Federated Investors portfolio manager Steve Chiavarone is folding the electronic system, which records cryptocurrency transactions, into his stock market forecast. “This is going to be one of five key

As part of the deal, Walmart will initially appoint five directors to Flipkart’s board, two directors will be named by minority shareholders while Bansal will take one board seat, according to the filing. Walmart said it may, in future, appoint a sixth board member with the approval of the majority of the Flipkart directors. It

“At Goldman you’re always looking for alternative asset classes, and I said, maybe this is an alternative investment that we should start to take seriously,” Matta said. The mania around the rise of cryptocurrencies has parallels to the dot-com boom from 20 years ago. Then, too, it wasn’t uncommon for Wall Street bankers to head

After raising more money from top Silicon Valley investors, Robinhood has quadrupled its valuation in about a year to more than $5 billion. Less clear is how the operator of a commission-free stock trading app generates enough money to justify such a lofty amount. On Thursday, the start-up announced it raised $363 million in capital,

AT&T’s future — and the future of AT&T’s peers and competitors — depends on whether the megadeal goes through. AT&T challenged the government’s decision in court, and a verdict in the trial, which has now ended, will be announced June 12. Most antitrust experts initially expected AT&T’s deal with Time Warner to be approved by

When investors short a stock, they are betting it will go down by selling borrowed shares. However, it the price rises, many of those investors are forced to buy back those shares in hopes of avoiding even more losses. That new buying can, in turn, drive a stock even higher, a dynamic known as a

Verizon Communications shares should rise this year as a healthy dividend yield lures investors ahead of clarity on its path for 5G wireless, according to J.P. Morgan. The firm raised its rating on the company’s shares to overweight from neutral, foreseeing a better competitive climate over the next 12 months. “Verizon seems to be the

While he’s bullish on digital payments through apps such as Alipay, Venmo, PayPal and Square, Roubini said blockchain and cryptocurrencies will not play a role in the future of finance. “I’m affirmative on that significant disruption, but most of this has nothing to do with blockchain, nothing to do with cryptocurrency,” he said. The economist

In February, J.P. Morgan said 99 percent of equities orders were now electronic, which typically are a fraction of the cost of voice orders to execute. Helped by investments in electronic trading, prime brokerage and quantitative services, J.P. Morgan has climbed the global rankings. It had 10.3 percent of the market for equities and prime

David Paul Morris | Bloomberg | Getty Images Baiju Bhatt, co-founder and co-chief executive officer of Robinhood Markets, speaks during an interview in San Francisco, Jan. 25, 2018. Stock trading app Robinhood has beat its rival E-trade when it comes to users, doubling the number of accounts in the past year. The start-up now has

The conglomerate has more than 300,000 employees in some 50 countries around the world and is a dominant force in Hong Kong, where family-run businesses have led the city’s economy for decades. The elder Li controls one of the world’s largest operators of container terminals, Hutchison Port, and Asia’s biggest health and beauty retailer, Watsons.

Check out the companies making headlines after the bell: Booking Holdings stock slumped 6 percent post-market. The travel and restaurant website company reported earnings and revenue that surpassed analyst estimates but those figures were overshadowed by weak guidance for the second quarter. Roku shares gained nearly 5 percent after hours. The smart TV streaming product

The “Fast Money” traders shared their first moves for the market open. Tim Seymour is a buyer of Viacom. Brian Kelly is a buyer of Transocean. Steve Grasso is a buyer of Tesla. Guy Adami is a buyer of Take-Two Interactive. Trader disclosure: On May 8, 2018, the following stocks and commodities mentioned or intended