Thieves grabbed jewels and other treasures worth up to a billion euros from an eastern German museum in the early hours of Monday, Bild newspaper reported. The intruders cut the electricity supply in Dresden’s Gruenes Gewoelbe, or Green Vault museum, which houses one of Europe’s largest collections of jewelry and court riches, the newspaper said without giving a source. One of its best known treasures – the 41-carat Dresden “Green Diamond” – was away on loan to New York’s Metropolitan Museum of

Greg Baker | AFP | Getty ImagesThe watch towers, double-locked doors and video surveillance in the Chinese camps are there “to prevent escapes.” Taken as a whole, the documents give the most significant description yet of high-tech mass detention in the 21st century in the words of the Chinese government itself. China has struggled for decades to control Xinjiang, where the Uighurs have long resented Beijing’s heavy-handed rule. Most of the documents were issued in 2017, as Xinjiang’s “War on Te

Sterling will move in accordance with the likelihood of a win for Prime Minister Boris Johnson’s Conservative Party at the U.K. general election, analysts are anticipating. Analysts are now setting a majority of seats for the Conservatives as their base case, with many projecting that this will offer a sharp boost for U.K. risk assets and the sterling-dollar trade. A Conservative majority and an orderly Brexit at the turn of the year could see the pound trade as high as $1.35, according to UBS U

Shares in Asia were higher on Monday, as investors reacted to Hong Kong’s district council elections amid months of civil unrest in the city. Hong Kong’s Hang Seng index led gains among major markets regionally as it jumped 1.5% to close at 26,993.04, with shares of life insurer AIA surging 3.62%. The moves came after pro-democracy candidates surged to a landslide victory following a record voter turnout, Reuters reported. One analyst said the development was a “stunning victory” for pro-democra

Positive news flow on the Sino-U.S. trade front lifted market sentiment on Monday, driving the Japanese yen to a one-week low and fueling 0.2-0.3% gains on trade-focused currencies, from the Norwegian crown to the New Zealand dollar. The offshore Chinese yuan nevertheless firmed 0.2% against the dollar, in line with other Asian currencies as well as the Australian and Kiwi dollars, while the safe-haven yen retreated to a one-week low versus the greenback at 108.89 yen. The dollar index edged off

Spot gold fell 0.4% to $1,456.22 per ounce, after touching its lowest since Nov. 12 at $1,453.40. “There is some renewed risk-on (sentiment) in the market based on the news from the trade deal front. World shares staged a cautious rally, while the safe-haven Japanese yen fell to a one-week low against the U.S. dollar. Still, investors remained cautious, with officials, lawmakers and trade experts from both sides saying an ambitious “phase two” trade deal looked less likely. “There is no major se

A general view of the Novokuibyshev Refinery owned by Rosneft oil company on March 15, 2012 in Novokuibyshevsk, Samara region, Russia. Oil prices moved between gains and losses on Monday, after posting a third straight week of gains. West Texas Intermediate (WTI) crude lost 9 cents to trade at $57.68, having ended last week little changed after tracking the trade talks through their ups and downs. “It is still all about trade talks,” said Michael McCarthy, chief market strategist at CMC Markets

Netflix CEO Reed Hastings split the company in two in 2011, thinking that the growing ubiquity of high-speed Internet access would soon mean the end of their disruptive DVD mailing business. But neglecting the DVD business proved to be a mistake, and Netflix reversed course. Wells Fargo downgraded Netflix on Monday and said the cost for the streaming service to acquire new subscribers will be “more expensive than investors realize.” The firm lowered its rating on the stock to underperform from m

Jensen Huang, president and CEO of Nvidia, speaks during the company’s event at the 2019 Consumer Electronics Show in Las Vegas on Jan. 6, 2019. Morgan Stanley raised its rating on Nvidia to overweight from equal-weight, as the firm sees the stock racing even higher in 2020 after a solid performance in a competitive year among semiconductor companies. Nvidia’s stock is up nearly 60% this year as of its previous close at $210.89. Shares of Nvidia rose 4.3% in trading Monday.

As Disney’s “Frozen” stars Elsa and Anna hit the theaters is the hot release of “Frozen II”, toy maker Hasbro is getting a boost during what could have been a tempered Black Friday, according to UBS. The firm upgraded shares of Hasbro to buy from neutral and kept its $117 price target, about a 20% for the toy maker that closed at $97.23 per share on Friday. “Our trade checks indicate positive pickup for Hasbro into November, driven by improvement in doll category (Frozen 2 opened in theatres on

Jensen Huang, CEO of Nvidia, shows the NVIDIA Volta GPU computing platform at his keynote address at CES in Las Vegas, January 7, 2018. Here are the biggest calls on Wall Street on Monday:Wells Fargo said in its downgrade of the stock that Wall Street is overestimating the video streaming service’s free cash flow, and also pointed to increasing competition. “We’ve dug deep into our NFLX cash estimates and have conviction in our 2019-25E cumulative FCF forecast that’s $18bn below the street. If w

Jensen Huang, president and CEO of Nvidia, speaks during the company’s event at the 2019 Consumer Electronics Show in Las Vegas on Jan. 6, 2019. Morgan Stanley raised its rating on Nvidia to overweight from equal-weight, as the firm sees the stock racing even higher in 2020 after a solid performance in a competitive year among semiconductor companies. Nvidia’s stock is up nearly 60% this year as of its previous close at $210.89. Shares of Nvidia rose 4.3% in trading Monday.

As Disney’s “Frozen” stars Elsa and Anna hit the theaters is the hot release of “Frozen II”, toy maker Hasbro is getting a boost during what could have been a tempered Black Friday, according to UBS. The firm upgraded shares of Hasbro to buy from neutral and kept its $117 price target, about a 20% for the toy maker that closed at $97.23 per share on Friday. “Our trade checks indicate positive pickup for Hasbro into November, driven by improvement in doll category (Frozen 2 opened in theatres on

Netflix CEO Reed Hastings split the company in two in 2011, thinking that the growing ubiquity of high-speed Internet access would soon mean the end of their disruptive DVD mailing business. But neglecting the DVD business proved to be a mistake, and Netflix reversed course. Wells Fargo downgraded Netflix on Monday and said the cost for the streaming service to acquire new subscribers will be “more expensive than investors realize.” The firm lowered its rating on the stock to underperform from m

Thomas Barwick | DigitalVision | Getty ImagesThe process of recommending life insurance doesn’t have to be rife with conflicts of interest. While advisors recognize situations that may merit life insurance, some — particularly fee-only registered investment advisors or RIAs — have been put off by the conflicts that arise from recommending commission-based products. “We recommend life insurance for the same reason we would buy auto or home insurance: To protect against an event that would create

Sandra and Joe Sena treated marriage finances like a business, with frequent audits. Lincoln Financial wanted a better handle on why people shy away from these talks. Financial therapist explains “It’s overwhelming and complicated,” said Angela Schema, vice president of advertising and sponsorships at Lincoln Financial in Radnor, Pennsylvania. Lori Monte Hubbard, 60, was at the restaurant for the Lincoln Financial event with her boyfriend. Hemming and hawingChristine Manning, 55, was surprised t

The General Electric Co. logo is seen on the company’s corporate headquarters building in Boston, Massachusetts, U.S. July 23, 2019General Electric announced on Monday that Carolina Dybeck Happe will replace Jamie Miller as the company’s chief financial officer and senior vice president in early 2020. Dybeck Happe is currently the chief financial officer and executive vice president of A.P. Dybeck Happe spent 16 years at Assa Abloy, seven of which she served as CFO. As CFO of Maersk, Dybeck Happ

People visit the Ericsson stand during the Mobile World Congress (MWC) Shanghai 2019 at the Shanghai New International Expo Center on June 25, 2019 in Shanghai, China. VCG | Getty ImagesSwedish telecoms giant Ericsson predicted that superfast 5G internet will cover up to 65% of the world’s population by the end of 2025. China switched on its 5G networks ahead of schedule earlier this month, with China Telecom, China Unicom and China Mobile all offering 5G mobile plans. Meanwhile, in the U.S., Ve

Cramer: Uber is here to stayShares of Uber tumbled after London’s transport regulator said the company is not “fit and proper” to hold a private hire operator license. CNBC’s “Squawk on the Street” crew discuss.

House Speaker Nancy Pelosi (D-CA) speaks to the media during her weekly press conference at the U.S. Capitol on November 21, 2019 in Washington, DC. Pelosi spoke about her legislative plans through the new year and the lack of progress she feels the Senate is making on passing legislation the House has already passed. Mexico’s government will this week send a letter to U.S. House Speaker Nancy Pelosi urging Congress to approve a new trade deal, the United States-Mexico-Canada Agreement (USMCA),