A protester attempts to pick up a teargas canister fired by police during a demonstration on November 10, 2019 in Hong Kong, China. Protests in Hong Kong took a violent turn Monday, heightening an already volatile situation days after a group of pro-democracy lawmakers was arrested in the city. In one incident, a Hong Kong protester is in critical condition after being shot by police on Monday morning local time. Speaking at an afternoon press conference, Hong Kong police said the incident occur

Bryan Bedder / Stringer | Getty ImagesCondoleezza Rice, the former United States Secretary of State, said on Monday the ‘global order’, or rule-based system of international relations created by the U.S. and its allies after World War Two, was in a “somewhat dangerous and chaotic” state. Headlining a CNBC-moderated panel on “Political Risk in the 21st Century” at the Adipec oil and gas conference in Abu Dhabi, Rice told the audience that “the global order is suffering a period of dislocation, I

Bloomberg | Bloomberg | Getty ImagesU.S. shale oil production has shown some signs of moderation in recent months and production growth could be slowing, but experts told CNBC at Abu Dhabi’s influential oil & gas summit that the U.S. shale revolution won’t be stopped any time soon. The agency said the U.S. will start exporting more crude oil and petroleum products than it imports by the final quarter of 2020, and then would remain a net oil exporter for years to come. The net exporter status com

European stocks traded lower Monday morning amid a dampening of optimism over U.S.-China trade, after U.S. President Donald Trump denied that he had agreed to roll back tariffs on Chinese goods. The pan-European Stoxx 600 was down around 0.2% in morning trade, with basic resources shedding 1.9% as most sectors and major bourses traded in the red. Hopes of trade progress rose on Thursday when China’s Commerce Ministry said Beijing and Washington had agreed to lift existing tariffs on one another’

However, according to the latest CNBC Invest in You survey, two-thirds of respondents think one is coming. More than two-thirds of respondents said they believe the economy is going to weaken going into 2020. Right now, the economy is strong, giving President Donald Trump a healthy push going into next year’s election. Those are the big questions for Americans who want to know when the stock market is going to shrink. And when they say “market drop” they mean “recession.”

Voi TechnologySwedish electric scooter sharing start-up Voi Technology has raised $85 million from investors, a move the firm hopes will help it reach profitability in the next few years. The new round was led by Stockholm-based investment group Vostok New Ventures, Voi said Monday. “Already now we have seen seasonable profitability in some cities,” Fredrik Hjelm, Voi’s co-founder and CEO, told CNBC in an interview. Fredrik Hjelm CEO of Voi TechnologyVoi, however, is up against stiff competition

Sea Group-owned e-commerce firm Shopee said its order volume tripled in the first hour compared with last year. The shopping extravaganza started in China a decade ago but has since been adopted by retailers in Southeast Asia. Most of those online retail sales will come from mobile. Helming the growth of e-commerce in the region are companies like Lazada, Shopee and Indonesian players Tokopedia and Bukalapak. “If you look at online retail (portion) of the overall retail space, it’s still a very,

Markets point to a lower open as trade war concerns persist1 Hour AgoU.S. stock index futures were lower Monday morning as investors closely monitor news on the China-U.S. trade front, after President Trump said Friday that he has not agreed to scrap tariffs on Chinese goods. CNBC’s Kate Rogers reports.

Twenty/20Thanksgiving may still be a few weeks away, but for millions of Americans, the holiday shopping rush has already begun. The study also found that 41 million Americans are still paying off holiday credit card debt from last year. It is possible to get your holiday shopping done without spending more than you want or ending up in credit card debt. Look carefully at your overall savings and budget to see how much money you can allocate to holiday purchases this year. “A lot of people still

Currently they own about 2.5 million small businesses in America in a host of industries, according to the Small Business Administration. “The steady paycheck of the military — the stability of a full-time job — is a stark contrast to being a small business owner,” said Scales. The steady paycheck of the military — the stability of a full-time job — is a stark contrast to being a small business owner. Still, some of her fellow small business owners are already facing rising prices, she said. Mut

Pro-democracy protests have hurt the Hong Kong economy, but the chief executives of two major banks said their businesses in the city have not been affected in a big way. Singaporean bank DBS said on Monday that net profit for its Hong Kong business jumped 14% year-on-year in the July-to-September quarter. Hong Kong contributed around 334 million Singapore dollars, or 20%, of DBS’ overall profits in the third quarter this year. Piyush Gupta, CEO of DBS, told CNBC’s Tanvir Gill that he doesn’t an

One of the worst-performing retail stocks this year just broke down even more. The stock is down more than 35% for the year, while the XRT retail ETF has climbed 8% over the same stretch. It could get worse for Gap, according to Craig Johnson, chief market technician at Piper Jaffray. “Gap shares are just purely out of fashion at this point in time,” Johnson said on CNBC’s “Trading Nation” on Friday. Erin Gibbs, chief investment officer at Gibbs Wealth Management, also sees Gap as a no-touch sto

Oil is a “broken barometer” and a “lagging indicator of Middle East stress,” according to Helima Croft, managing director and global head of commodity strategy at RBC Capital Markets. “We have a market that is singularly focused on the demand side; the whole idea that Chinese demand is going to go off a cliff,” said Croft, a closely-watched oil market expert. But China’s crude oil imports are resilient, she added. In October, crude oil imports into China rose 11.5% from a year earlier to a recor

Rep. Peter King, R-N.Y., arrives for the House Republican Conference meeting in the basement of the Capitol on Thursday, May 29, 2014. New York Rep. Peter King says he will not seek reelection in 2020. The 14-term Republican congressman says in a Facebook post on Monday morning that the “prime reason” behind his decision was the commute. The 75-year-old King says he and his wife want “flexibility to spend more time with our children and grandchildren.” At least 20 House Republicans have announce

Kaiser Permanente chairman and CEO Bernard Tyson died unexpectedly in his sleep Sunday, the health care giant announced. One of the nation’s leading health care executives, Tyson was 60. He rose through the ranks during a 30-year career at Kaiser to become CEO in 2013. Over his tenure, the integrated health care system and health insurance giant grew from 9 million members, with more than 174,000 employees, to serve more than 12 million members with a workforce of 218,000. “His loss is a loss fo

U.S. stock index futures were lower Monday amid lingering U.S.-China trade worries worries while protests in Hong Kong escalate. ET, Dow Jones Industrial Average futures were down 118 points, indicating a loss of 136 points at the open. The stock market’s recent move to record highs comes in part because of improving sentiment around U.S.-China trade talks. With his comments on Friday, Trump dampened trade expectations in the market. Separately, another protester was set aflame after being douse

Microsoft’s 52-year-old chief executive officer, Satya Nadella, has proven himself a formidable leader, pushing the company to an extra $500 billion in market capitalization since he taking the helm five years ago. “(Burgum) said, look, you’re going to work … at Microsoft more time than you are going to even spend with your kids,” Nadella recalled at a Stanford University Graduate School of Business speech in October. “I take great pride in these people whom I’ve mentored or go on to do great th

Chinese e-commerce giant Alibaba set a new sales record on Singles Day, the world’s largest 24-hour shopping event. Gross merchandise value (GMV), a figure that shows sales across Alibaba’s various shopping platforms, surpassed last year’s 213.5 billion yuan record (nearly $30.5 billion) on Monday afternoon local time, and kept rising through the rest of the day. It was the 11th edition of the annual Singles Day event — also called the Double 11 shopping festival because it falls on Nov. 11. Ali

At least, not as far as the way a majority of Americans are currently planning to cast their votes in the 2020 presidential election. Near two-thirds of Americans (61%) say the 2020 election will be about issues other than the economy, according to a CNBC and Acorns Invest in You survey conducted by SurveyMonkey and released Monday. Thirty-four percent of Americans say they will vote on the economy, and that percentage rises with political party taken into account, but not even a majority of Rep

His remarks come amid increased criticism of the rich by certain U.S. presidential hopefuls, particularly Democratic Sen. Elizabeth Warren from Massachusetts. “I think it’s a huge problem,” Dimon said. I think you should vilify Nazis, but you shouldn’t vilify people who’ve worked hard to accomplish things. I think that most people are good; not all of them,” Dimon said in the Sunday interview. “I think you should vilify Nazis, but you shouldn’t vilify people who’ve worked hard to accomplish thin