Moody’s decision to downgrade India’s ratings outlook was “erroneous,” veteran emerging markets investor Mark Mobius said on Wednesday. Mobius, who has long been bullish on India, said he doesn’t agree with the ratings agency’s assessment that the country’s growth will be subdued. Moody’s said the change in its outlook for India’s ratings from “stable” to “negative” partly reflected lower government and policy effectiveness in addressing weaknesses in the economy. “I think Moody’s call was erron

China’s largest cities rival global metropolises in the variety of clothes, electronics and other goods that can arrive at the door often less than a day later. In cities like Beijing and Shanghai, online shopping is already a major part of daily life, leaving limited room for growth. For a sense of the volume companies in China might need to handle, China’s official postal service company said that on Nov. 11 — the Singles Day shopping day that’s akin to Black Friday in the U.S. — shipping comp

European stocks traded lower on Wednesday amid concern that U.S.-China trade talks are stalling, while escalating unrest in Hong Kong looked set to blight the handover from Asia. The pan-European Stoxx 600 slipped 0.3% at the opening bell, with bank stocks falling 1.4% while the food and beverages sector bucked the trend to climb 0.3%. U.S. President Donald Trump on Tuesday claimed that the initial phase of a trade deal between the world’s two largest economies would be completed “soon” but offe

A fire is seen in front of a store vandalized by protesters in Hong Kong on October 4, 2019. Laurel Chor | Getty Images News | Getty ImagesThe ongoing protests in Hong Kong are likely to spur China to meddle in the city’s affairs more, according to one strategist that spoke to CNBC on Wednesday. “I think the old strategy was to, you know, let Hong Kong — particularly the elites — run Hong Kong,” he said, to serve as a “great example for Taiwan to come back to the motherland.” Hong Kong — a forme

In the age of Venmo, Zelle, and PayPal, you may think money orders are going the way of the telegram. But even with an almost 3% drop from the previous year, 83 million money orders were processed by the Federal Reserve in 2018. Issuers will typically charge purchasers between $1 and $10, according to U.S. Bank, and cap the amount you can send per money order at around $1,000. In order to make sure your payment is processed and goes to the right recipient, it’s crucial to fill out the money orde

After getting engaged four months ago, I started to think about the kind of wedding I wanted. Here’s how we figured out a wedding budget that complemented our financial situation and didn’t make us feel eager to spend more and more on a one-day celebration. Budget first, Pinterest secondSo many brides I’ve worked with have become overwhelmed by the stress of their big ideas and favorite vendors not aligning with their wedding budget. Always plan your wedding budget first before your imagination

If you’re looking for a first-in-class cash-back card, then this may be the card for you. The Alliant Cashback Visa® Signature Card offered by Chicago-based Alliant Credit Union really upped the ante when it comes to cash-back rewards. You also have to become a member of Alliant Credit Union and open an account. You don’t need to pay the charity directly — Alliant pays $5 on your behalf when you apply to join the credit union. If you don’t want to make that trade off, though, consider one of the

Manan Vatsyayana | AFP | Getty ImagesAfter more than six years of negotiations, more than a dozen countries in Asia Pacific are now aiming to sign what would be the world’s largest trade agreement in 2020. All 16 countries started negotiating RCEP in 2013, when talks for another major trade pact — the Trans-Pacific Partnership or TPP — were underway. Given China’s absence in the then U.S.-led TPP, which was slated to be the world’s largest trade deal, many observers considered RCEP a way for Bei

How corporate whistleblowers make millionsIn 2010, the SEC launched its whistleblower program. It consisted of three key pillars: anti-retaliation protections, employment protections and most importantly, a bounty, in the millions. To date, 66 whistleblowers have received $387M for blowing the whistle on corporate fraud. Meet Ted Siedle, one of the highest paid whistleblowers in program history. In June 2019, Ted got $68M for blowing the whistle on JP Morgan’s wrongdoing.

The Trump administration is hurting American jobs and companies by blacklisting Chinese telecom giant Huawei on what it believes are risks to U.S. national security, the chief security officer of Huawei USA told CNBC on Tuesday. “Two hundred American companies are waiting to sell nonstrategic parts to Huawei. Forty thousand American jobs are at risk, and if we have to, we will go overseas and buy them,” Purdy added. Huawei, the largest privately held company in China, has repeatedly said it woul

Amir Levintal is the CEO of Cylus, an Israel-based cybersecurity start-up focused on the rail and transportation industries. “Rail systems were designed in a way that every disruption necessitates that the trains stop running,” Levintal told CNBC. Levintal says Cylus currently values the rail cybersecurity market at around $6 billion, with projected growth to $12 billion in 2027. Rail systems were designed in a way that every disruption necessitates that the trains stop running. Formerly with th

The registered investment advisor industry may be the perfect playground for private equity investors. “The industry has a lot of the traditional ingredients that private equity investors like,” said Brad Armstrong, a partner at Lovell Minnick Partners in Philadelphia. Lovell Minnick Partners is one of the more active private equity investors in the wealth management industry. A lot more private equity investors are showing conviction in the value of independent RIAs. For the most part, private

As tuition costs soar, more students and their families are asking themselves if college is still worth it. Starting salaries for new college graduates have grown less than 1% over the past two years, remaining at around $50,000. All in, the top-paying college majors earn $3.4 million more than the lowest-paying majors over a lifetime. After adding in satisfaction, stress level and job opportunities, among other factors, job search site ZipRecruiter found that the top five majors college student

A package of Tyson Foods Inc. Tyson Foods fell short of Wall Street estimates for quarterly revenue and profit on Tuesday after a fire at a Kansas slaughterhouse hurt sales volumes in its beef business, the company’s biggest segment. As a result, volumes in Tyson’s business fell 4.2% in the fourth quarter to Sept. 28, with sales down 1.3%. Still, profit margins for U.S. beef processors set record highs after the fire as beef prices climbed. Net income attributable to Tyson fell to $369 million,

For about $50 a month, Common Networks is offering 300Mb/sec to 1Gb/sec download speeds for households around Silicon Valley and Alameda (Oakland is coming soon). Partnership with Facebook technologyZach Brock, CEO of Common Networks. Common Networks doesn’t lay any fiber nor does it need government permits to provide internet. Regulations in certain cities could delay expansion, and being first to market is an important advantage for Common Networks, Doherty said. “I think you’ll see more and m

Attabotics’ system reduces warehouse space by 85% and requires just 20% of the workforce that traditional fulfillment centers need. The rapid growth of e-commerce has pushed Amazon and other businesses to speed up delivery by opening more, but smaller, fulfillment centers near major metropolitan areas. Growth of e-commerceThe growth of e-commerce has put enormous demands on warehouses and fulfillment centers. Attabotics system resembles a 3-D grid, evenly spaced like grid paper, that goes from f

Juul will cut 650 jobs, up from the previously planned 500 jobs, as it slashes nearly $1 billion in costs next year, a company official said Tuesday. Juul will cut marketing spending as the company halts all product advertising in the U.S., a move the company announced in September. The remaining team will focus on direct advertising to smokers, the Juul official said Tuesday. Juul is trying to overhaul its image from a company that’s largely blamed with fueling a teen vaping epidemic. Crosthwai

An arctic blast that is expected to bring snow, ice and bone-chilling temperatures to tens of millions of people across the United States this week has already proven fatal. Across Missouri, snow and ice was already causing havoc on the state’s roads. Meanwhile, another round of snow was trailing close behind the arctic blast, forecasters said. A chance of snow, sleet and rain was expected across the Pacific Northwest and into the Rockies beginning Tuesday night. “The precipitation will likely m

Paramount Pictures released a new trailer for its “Sonic the Hedgehog” movie that shows off its major redesign of the character, and it looks like fans are pleased. The first official trailer for the movie, based off the “Sonic the Hedgehog” video games, was released in late April, and immediately was met with backlash. Disgruntled fans felt the depiction of the iconic speedy blue hedgehog wasn’t up to par. The decision delayed the release of the “Sonic the Hedgehog” movie, which was originally

That includes identifying fake news spread by bots and fake users, and shielding brands from content that could be potentially damaging. The company said its company was trained using millions of pieces of content across 14 languages. This can happen when bots are sharing given content, Tytunovich said. If it’s just a matter of the content flagging a brand’s safety filters, Cheq blocks the placement and it ends there. If it is believed to be fake news or something more sinister, the company aler