Carlyle’s Rubenstein says biggest economic risk is high unemployment, not stock market speculation

David M. Rubenstein, Co-Founder & Co-Executive Chairman, The Carlyle Group. David A. Grogan | CNBC Carlyle Group co-founder David Rubenstein told CNBC on Thursday he believes the largest economic risk is high unemployment, not some areas of the stock market where valuations have become overheated. “I think on the whole, the stock market is not our biggest … Read more

Bitcoin bounces back, surging above $50,000 after more buying from Square

Bitcoin virtual crypto currency price is displayed on a phone screen in this photo. STR | NurPhoto | Getty Images Bitcoin’s price roared back Wednesday after a sharp sell-off, climbing above $50,000 again as Square announced it had purchased $170 million worth of the cryptocurrency. At 4 a.m. ET, the world’s most valuable digital coin … Read more

MicroStrategy CEO says bitcoin will one day have $100 trillion market value even as price dives

MicroStrategy CEO Michael Saylor told CNBC on Tuesday he believes bitcoin will continue appreciating in value to the point where the cryptocurrency becomes a “stabilizing influence” for the entire global financial system. He predicted, in a bold call, that bitcoin’s market value would be worth $100 trillion one day. Saylor’s comments on “Squawk Box” came … Read more

China’s foreign minister calls for the U.S. to remove tariffs and sanctions

Chinese Foreign Minister Wang Yi speaks at a news conference after restoring diplomatic ties with Kiribati on the sidelines of the United Nations General Assembly in New York, U.S. September 27, 2019. Mark Kauzlarich | Reuters BEIJING — China’s Foreign Minister Wang Yi on Monday called on the new U.S. administration to stop the “suppression” … Read more

Stock futures held steady in overnight trading after Yellen pushes for more stimulus

Traders on the floor of the New York Stock Exchange. Source: The New York Stock Exchange Stock futures were flat in overnight trading on Thursday after Treasury Secretary Janet Yellen said a large Covid relief package is still needed for a full recovery in the U.S. Futures on the Dow Jones Industrial Average dipped just 15 … Read more

Yellen says investors should be very careful with some sectors, calls bitcoin ‘highly speculative’

Outgoing Federal Reserve Chair Janet Yellen holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. Jonathan Ernst | Reuters Treasury Secretary Janet Yellen told CNBC on Thursday that there could be parts of the U.S. stock market in which investors should exercise caution. In an … Read more

Sen. Bernie Sanders opposes cutting the income cap for $1,400 stimulus checks

Sen. Bernie Sanders (I-VT) speaks during the confirmation hearing for Secretary of Energy nominee Jennifer Granholm before the Senate Committee on Energy and Natural Resources on Capitol Hill January 27, 2021 in Washington, DC. Pool | Getty Images News | Getty Images Sen. Bernie Sanders said Sunday that he opposes cutting the income threshold for … Read more

Global tax on tech giants now ‘highly likely,’ German minister says after Yellen call

LONDON — Silicon Valley tech firms look increasingly likely to face new global tax laws this year, as the change in the White House fuels optimism among European officials that an agreement will soon be reached. Speaking to CNBC’s Annette Weisbach on Thursday, German Finance Minister Olaf Scholz said it was now “highly likely” that … Read more

Treasury nominee Yellen says U.S. can afford higher corporate tax rate if it coordinates with other countries

Treasury secretary nominee Janet Yellen speaks after US President-elect Joe Biden announced his economic team at The Queen Theater in Wilmington, Delaware, on December 1, 2020. Chandan Khanna | AFP | Getty Images Janet Yellen, President-elect Joe Biden’s choice for Treasury secretary, testified Tuesday that the U.S. could afford a higher corporate tax rate if … Read more

Asia-Pacific stocks trade higher; Yellen set to urge U.S. to ‘act big’ on coronavirus relief

SINGAPORE — Stocks in Asia-Pacific traded higher Tuesday morning as investors await remarks from U.S. President-elect Joe Biden’s nominee for Treasury secretary, Janet Yellen. In Japan, the Nikkei 225 edged 0.96% higher while the Topix index advanced 0.46%. South Korea’s Kospi rose 0.11%. Shares in Australia also saw gains, with the S&P/ASX 200 up about … Read more