France’s President Emmanuel Macron and U.S. President Donald Trump at the G-7 Summit in Biarritz, France on August 25, 2019 Jeff J Mitchell | Getty Images European leaders appear to be standing firm on plans to impose digital services taxes on U.S. tech giants in the coming months, despite President Trump threatening to retaliate against
Month: January 2020
Zhang Peng | LightRocket | Getty Images China‘s box office was set to rake in 1.4 billion yuan ($210 million) in two days, until the latest coronavirus outbreak. On Thursday, all seven Chinese films scheduled for release during the upcoming Lunar New Year holiday announced they were pulling screenings in the wake of a new
A new study from the University of Pennsylvania’s Wharton School finds that Sen. Bernie Sanders’ proposed wealth tax on the richest Americans will generate $1 trillion to $1.5 trillion less than what the campaign claims. The results, if accurate, could undercut the critical funding needed to support his plans to develop public health care, education
“Shark Tank” investor and Dallas Mavericks owner Mark Cuban is still a big Netflix bull after its weak guidance and subscriber miss. “I haven’t sold any shares and I’m still very bullish on it,” Cuban said on CNBC’s “Halftime Report” Wednesday. “They always offer weak guidance and it’s always been the discussion the day after
Prince Harry, Duke of Sussex, and Meghan, Duchess of Sussex, leave Canada House on January 7, 2020, in London, England. (Photo by Samir Hussein/WireImage) Samir Hussein | WireImage | Getty Images Prince Harry and Meghan Markle are getting closer to severing financial ties with the Royal Family, but there’s one entity that will always be
Medical staff carry a box as they walk at the Jinyintan hospital, where the patients with pneumonia caused by the new strain of coronavirus are being treated, in Wuhan, Hubei province, China January 10, 2020. Reuters World health officials hesitated Wednesday to designate an outbreak of a flu-like coronavirus that’s killed at least 17 people
A worker prepares to load a silicon wafer machine in a clean room at the Texas Instruments semiconductor fabrication plant in Dallas, Texas. Jason Janik | Bloomberg | Getty Images Take a look at the companies making headlines after the bell. Texas Instruments – Texas Instruments’ stock fell 1% in extended trading on Wednesday after
Tesla Inc CEO Elon Musk dances onstage during a delivery event for Tesla China-made Model 3 cars in Shanghai, China January 7, 2020. Aly Song | Reuters The very short-sellers that Elon Musk skewers frequently for betting against Tesla could ironically help the eccentric chief executive score a big payday. Nearly a fifth of Tesla
Former Vice President Joe Biden (L) greets Sen. Bernie Sanders (I-VT) before the Democratic presidential primary debate at Drake University on January 14, 2020 in Des Moines, Iowa. Scott Olson | Getty Images Top Democratic presidential candidates all want to boost Social Security benefits. But two of the candidates — Sen. Bernie Sanders (I-Vt.) and
Dave Calhoun, Chairman of Boeing. Adam Jeffery | CNBC Boeing‘s new CEO Dave Calhoun said he wants the company to resume production of the 737 Max months before regulators sign off on the planes and airlines prepare to return them to service. Boeing suspended production of the planes this month because a worldwide grounding of
Johnson & Johnson headquarters in New Brunswick, N.J. Mel Evans | AP Johnson & Johnson‘s fiscal fourth-quarter profit beat Wall Street’s expectations but missed slightly on revenue, the company said Wednesday. Here’s what the company reported compared with Wall Street estimates, based on a survey of analysts by Refinitiv: Adjusted earnings per share: $1.88 versus
Elon Musk, chief executive officer of Tesla Inc., smiles while speaking to members of the media outside federal court in New York, U.S., on Thursday, April 4, 2019. Natan Dvir | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Tesla — Shares of Tesla continued their rapid climb on Wednesday
J.P. Morgan Chase CEO Jamie Dimon told CNBC on Wednesday that negative interest rates are one of the only things that concern him in a market that’s otherwise in a “Goldilocks place.” “The only thing I have trepidation about is negative interest rates, QE, and the diversion between stock prices and bond prices and yield and
Tom Werner | DigitalVision | Getty Images Investing a pot of tax-free cash for medical expenses is a great idea, with apparently few takers. Health savings accounts, which are offered alongside high-deductible health-care plans, come with a bevy of tax benefits. You can contribute to an HSA on a pretax or tax-deductible basis and have
President Donald Trump told CNBC on Wednesday that he trusts the information coming out of China on the coronavirus as the Centers for Disease Control and Prevention confirms the first case of it in the United States. “We have it totally under control,” Trump told “Squawk Box” co-host Joe Kernen in an interview from the
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. Ore Huiying | Getty Images Shares of Netflix were sliding as much
There is no deadline for the “phase two” China deal, U.S. Treasury Secretary Steven Mnuchin said while speaking at a CNBC panel during the World Economic in Davos, Switzerland on Wednesday. “As it relates to phase two, I would say there’s no deadlines,” Mnuchin told CNBC’s Geoff Cutmore. “So the first issue we’re very focused
“We have contact,” revealed the ranger to the seven wildlife enthusiasts standing at the foot of Mount Sabyinyo, an extinct volcano in the Rwandan Virunga Mountains. An excited murmur spread through the group as they stood waiting in the morning sun. “Let’s go,” said a porter, as he climbed over the stone fence. The tourists
Paul Tudor Jones Leanne Miller | CNBC Billionaire investor Paul Tudor Jones said the stock market today is reminiscent of the one in early 1999. “We are just again in this craziest monetary and fiscal mix in history. It’s so explosive. It defies imagination,” Jones CNBC’s Squawk Box at the World Economic Forum in Davos, Switzerland. “It
Public health officials have confirmed the first U.S. case of a mysterious coronavirus that has already killed at least 6 people and sickened hundreds of others in China, according to two reports. A White House spokesman declined to comment, referring calls to the Centers for Disease Control and Prevention. The CDC did not immediately respond
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