CNBC

Gunman arrested after deadly Los Angeles store hostage standoff

CNBC - 4 hours 23 min ago
Police in Los Angeles arrested a man who took hostages and barricaded himself inside a Trader Joe's store on Saturday, ending a three-hour standoff during which he fatally shot a woman inside, authorities said.

Japan official urges caution over Trump's complaint on strong dollar

CNBC - 4 hours 41 min ago
Japan should be careful about recent remarks by U.S. President Donald Trump on currencies and might need to convince Washington its monetary easing is not aimed at weakening the yen but beating deflation, a finance ministry official said on Saturday.

Uber suspends St. Louis driver who broadcast passengers on Twitch live stream

CNBC - 6 hours 31 min ago
A ride-sharing driver in St. Louis who reportedly live streams his passengers has been suspended by Uber for violating its guidelines, the company said on Saturday.

US intelligence chief Dan Coats downplays 'awkward' reaction to planned Trump-Putin meeting in DC

CNBC - Sat, 07/21/2018 - 23:55
Dan Coats downplayed an 'awkward' exchange earlier this week that suggested he was uncomfortable with a planned summit in Washington between President Donald Trump and Russian President Vladimir Putin.

Why a market veteran thinks Wall Street is letting fear overtake rational investing

CNBC - Sat, 07/21/2018 - 23:00
River Twice Capital’s Zachary Karabell suggests Wall Street is foolishly undervaluing strong earnings and economic fundamentals.

MatchaBar rides booming beverage craze, reaping $8 million in star-studded energy drink launch

CNBC - Sat, 07/21/2018 - 23:00
MatchaBar is a Brooklyn based matcha cafe launched by brothers Graham and Max Fortgang in 2014. The cafe bottles the drink in ready-to-drink bottles while still using a ceremonial grade tea sourced from a family farm in Nishio, Japan. This week MatchaBar closed an $8 million series A round of funding led by NFL MVP Von Miller and DJ Diplo as well as launched an energy drink, "Hustle".

Here's why Tesla's Model 3 may face declining demand, despite Elon Musk's claims

CNBC - Sat, 07/21/2018 - 21:44
A closer look at Elon Musk's recent comments raise a reason for concern: The prospect that new orders may not be keeping up with Tesla's long-awaited production ramp-up.

Here's how much it would cost to live in your favorite superhero's hideout

CNBC - Sat, 07/21/2018 - 21:00
The lairs of superheroes like 'The Avengers' or 'Batman' can be found outside of movie theaters and comic books.

Michael Cohen’s tape was ‘privileged’ – but Trump’s legal team blabbed about it anyway: Source

CNBC - Sat, 07/21/2018 - 20:53
Trump's own legal team decided to release a tape of Trump and Michael Cohen discussing a possible payment to a Playboy model, which had been deemed "privileged" in a federal court, a source with knowledge told CNBC.

A big and overlooked flaw with health tech: Patients hate going to the doctor

CNBC - Sat, 07/21/2018 - 20:15
"This gap is what makes digital health a funnel or a stopgap rather than a revolution," experts say.

The pilot union rule that will make flying (a little) more comfortable on United

CNBC - Sat, 07/21/2018 - 19:00
An arcane pilots' union rule is capping the number of seats United will be able to put on its new regional jets.

Fiat Chrysler replaces Sergio Marchionne at the helm amid health struggles

CNBC - Sat, 07/21/2018 - 18:58
Sergio Marchionne, the maverick auto executive who created and oversaw nearly a decade of growth at Fiat Chrysler, has been replaced as CEO of the automaker amid ongoing health struggles.

Korean car brand Genesis is praised by critics but unknown to customers

CNBC - Sat, 07/21/2018 - 18:22
Genesis vehicles have been widely praised, but dealer troubles and a lack of awareness are big challenges. 

These are the top 2 food experiences in America, according to TripAdvisor

CNBC - Sat, 07/21/2018 - 18:00
TripAdvisor ranked the top 10 global food experiences, and two in America made the list.

Students who say they lost thousands on an Art Institute education look to US for loan relief

CNBC - Sat, 07/21/2018 - 17:21
Thousands of students from The Art Institutes are asking the government to cancel their loans, saying the school defrauded them. 

Trump suggests recordings made by Michael Cohen may be illegal, but insists he did nothing wrong

CNBC - Sat, 07/21/2018 - 15:54
President Donald Trump is asserting that his former personal lawyer's taping of their private phone conversations is "totally unheard of & perhaps illegal."  

How I broke my smartphone addiction

CNBC - Sat, 07/21/2018 - 15:30
We all spend way too much time on our phones. Studies have shown that too much screen time is bad for your focus and mental health. CNBC reporter Jillian D'Onfro shows off some of the not so obvious tips she’s used to break her smartphone habit.

Here's what cybersecurity professionals at companies actually do, and why they're so vital

CNBC - Sat, 07/21/2018 - 15:09
A rundown of all the roles filled by the Chief Information Security Officer (CISO) and staff, with real-world examples of problems that can occur in each role.

3 books that will change your mindset about money

CNBC - Sat, 07/21/2018 - 15:00
Recommended by self-made millionaires, early retirees and super savers.

This robot will draw and erase anything on your walls

CNBC - Sat, 07/21/2018 - 15:00
This robot will draw and erase anything on your walls

How straws go from your cup to becoming a 'really big' environmental problem

CNBC - Sat, 07/21/2018 - 15:00
Single use plastic straws are a small thing that’s stirred up a big controversy, mainly because of its impact on the environment. It’s prompted a growing number of major companies to abandon something that’s almost iconic in American dining culture.

The bizarre tale of how America almost destroyed the comic book industry

CNBC - Sat, 07/21/2018 - 14:45
In the 1950s, a moral panic swept across America and turned comic books into a social menace. Laws were passed. Careers were ruined. And comics fell under a strict censorship regime for decades to come.

China is waging a 'quiet kind of cold war' against US, top CIA expert says

CNBC - Sat, 07/21/2018 - 07:30
China is waging a "quiet kind of cold war" against the United States, using all its resources to try to replace America as the leading power in the world, a top CIA expert on Asia said Friday.

Amazon, Toyota, Alcoa and others working to counter Trump's tariff plans

CNBC - Sat, 07/21/2018 - 06:33
Big companies in the United States from Amazon, Toyota Motor and Alcoa are working to counter the effect of the Trump administration's trade policies and to head off new tariffs. 

US Treasury Secretary Mnuchin watching Chinese yuan weakness for manipulation

CNBC - Sat, 07/21/2018 - 06:07
The United States is monitoring the recent weakness in China's yuan currency and will review whether the currency has been manipulated, Treasury Secretary Steven Mnuchin told Reuters on Friday. 

Crypto exchange Coinbase forms political action committee

CNBC - Sat, 07/21/2018 - 05:51
Coinbase has formed a political action committee (PAC) to raise money to spend on U.S. elections, the cryptocurrency exchange said in a filing made public on Friday. 

California could change law to help utilities offset wildfire risk and save billions of dollars

CNBC - Sat, 07/21/2018 - 01:37
California lawmakers are looking at legislation that would provide liability relief for utilities in the state that face billions of dollars in risk from wildfires.  

Let’s be clear: The White House week of walk-backs

CNBC - Sat, 07/21/2018 - 00:59
Trump said "I don’t see any reason why it would be" Russia who hacked Democrats in the 2016 U.S. presidential election.

9 of 17 dead in Missouri duck boat accident from one family

CNBC - Sat, 07/21/2018 - 00:42
The risk of heavy weather was apparent hours before the boat left shore.

Earnings deluge expected and data should show best growth in four years

CNBC - Sat, 07/21/2018 - 00:31
Earnings are expected from a third of S&P 500 companies in the week ahead, and there will also be an important report card on the economy, with second-quarter GDP expected to be the strongest in four years.

Ohio State: 100 ex-students report sex misconduct by doctor

CNBC - Sat, 07/21/2018 - 00:09
More than 100 former students have provided firsthand accounts of sexual misconduct by the now-dead Ohio State University team physician at the center of an ongoing investigation.

Roger Stone-connected 'Manhattan Madam' subpoenaed by special counsel Robert Mueller

CNBC - Fri, 07/20/2018 - 23:51
Davis told NBC that her lawyer told the special counsel she accepted the subpoena, while noting that "I don't have anything" to offer regarding "information on Russian collusion."

Lower drug prices is a political move that makes both Trump and drug companies 'look good,' says analyst

CNBC - Fri, 07/20/2018 - 23:32
Lower drug prices is a political move that makes Trump and drug companies "look good" before the upcoming midterm elections, says Wall Street analyst. 

RANKED: Trump's quotes on Putin, the Fed and Russian meddling

CNBC - Fri, 07/20/2018 - 23:14
CNBC ranks Trump's quotes on the Fed and a slew of comments related to his controversial statement in Helsinki on Russian meddling.

LifePoint jumps more than 30% as Apollo moves to buy hospital operator

CNBC - Fri, 07/20/2018 - 22:48
Private equity firm Apollo Global Management LLC is in advanced talks to acquire LifePoint Health Inc, in its latest bid to consolidate the rural U.S. hospital sector, two people familiar with the matter said on Friday.

GlaxoSmithKline shares jump after report of possible break-up

CNBC - Fri, 07/20/2018 - 22:13
GlaxoSmithKline shares are up more than 3 percent after a Financial Times report that the company's chairman is considering splitting up the company.

'Generation Wealth' filmmaker: Here's why you should stop trying to keep up with the Kardashians

CNBC - Fri, 07/20/2018 - 22:00
"We spend more time with the people we know from TV than our real neighbors," says Greenfield.

Mark Wahlberg – yes, that Mark Wahlberg – is buying a Chevy dealership in Columbus, Ohio

CNBC - Fri, 07/20/2018 - 21:50
Actor Mark Wahlberg has dabbled in everything from burgers to bottled water. Now he's buying a Chevy dealership in Ohio, Columbus Business First reports.

Gold just entered into a death cross, and some see more pain ahead

CNBC - Fri, 07/20/2018 - 21:15
Just when you thought it couldn’t get any worse for gold bugs, it has. Gold has sunk into a correction, and some forecast further downside to come.

Duck boats, that can travel on land and water, have a long history of fatal crashes and accidents

CNBC - Fri, 07/20/2018 - 21:08
The most recent fatal duck boat incident near Branson, Mo. isn't the first of its kind. These amphibious vehicles, which can travel on land and water, have a high rate of fatal crashes and accidents, USA Today reports. 

Swiss Rolls snack cakes sold in Walmart, other stores are recalled over salmonella concerns

CNBC - Fri, 07/20/2018 - 20:58
Swiss Rolls snack cakes sold in chains like Walmart, H-E-B and Food Lion are being recalled over possible salmonella contamination, USA Today reports.

Here's how much students are saving to pay their own tuition bills

CNBC - Fri, 07/20/2018 - 20:49
Give Mom and Dad a break: College students are saving more to help cover expenses.

Elon Musk, Google’s DeepMind co-founders promise never to make killer robots

CNBC - Fri, 07/20/2018 - 20:35
“The decision to take a human life should never be delegated to a machine," reads the pledge.

Microsoft will be a trillion-dollar company, say analysts

CNBC - Fri, 07/20/2018 - 20:23
As commercial cloud services become a bigger part of Microsoft's business, analysts feel confident about the company's prospects.

State Street stock falls most in two years after halting buyback to complete merger

CNBC - Fri, 07/20/2018 - 20:09
State Street dropped 7 percent on Friday, on track for its worst day in two years, after announcing it will suspend a share buyback to acquire Charles River Development.

Waymo's self-driving cars log 1 million miles on public roads in a month

CNBC - Fri, 07/20/2018 - 19:58
Waymo, the Google subsidiary testing self-driving technology on public roads, is picking up speed. The company’s autonomous vehicles just drove 8 million miles on public roads.

Top VC deals this week: Atlassian co-founder bets on self-driving cars, actor Will Smith into VC

CNBC - Fri, 07/20/2018 - 19:42
A weekly recap of some of the most interesting venture capital, fund and start-up news.

Here are 4 'high conviction' earnings stock picks from Morgan Stanley — including Caterpillar

CNBC - Fri, 07/20/2018 - 19:35
Morgan Stanley shares with its clients the firm's best current stock picks for earnings season.

With restructuring done, GE’s Flannery turns sights to fixing power business, GE Capital

CNBC - Fri, 07/20/2018 - 19:28
General Electric will focus on meeting second half turnaround goals for its struggling power and GE Capital business units, the company said.

Russia releases videos hyping its new hypersonic weapons just days after Putin and Trump meet

CNBC - Fri, 07/20/2018 - 19:04
The weapons displayed in the videos are a significant addition to the Kremlin's arsenal, which already has more nuclear weapons than other countries, according to estimates.

The 10 best burgers in America, according to TripAdvisor

CNBC - Fri, 07/20/2018 - 19:03
From a burger with doughnuts as its bun to one served with "awesome" sauce, these are the 10 best burgers in America.

Trade war risks becoming a dangerous currency war as China weakens yuan the most in 2 years

CNBC - Fri, 07/20/2018 - 18:59
On the surface, the tit-for-tat trade war between the U.S. and China appears to be turning into a currency war.

Stormy Daniels lawyer Michael Avenatti on Trump-Cohen tape: 'I know this is the tip of the iceberg'

CNBC - Fri, 07/20/2018 - 18:43
Avenatti told CNBC on Friday: ”I know this is the tip of the iceberg."

Here's how to use Amazon's iPhone app to find parts for things around your house

CNBC - Fri, 07/20/2018 - 18:41
Amazon's iPhone shopping app has a new feature that can help you find parts like screws, washers, bolts and nuts, for things around the house.

'I want to look like Tom Cruise': How free game Fortnite makes so much money

CNBC - Fri, 07/20/2018 - 18:41
Fortnite is the highest grossing free-to-play video game. In May, the game generated $318 million in revenue. USA Today explains how the company makes money.

Workers are 'ghosting' interviews, blowing off work in a strong job market

CNBC - Fri, 07/20/2018 - 18:35
Some companies say up to half of recent candidates have blown off interviews. 

Roger McNamee: If Facebook bungles the midterms, 'it's gonna be really hard to give them a pass'

CNBC - Fri, 07/20/2018 - 18:32
McNamee said that the social media giant needs to start using human-based solutions, instead of depending on AI-based methods to tackle fake news.

Money advice from budget-savvy moviemaker Mark Duplass: Eat ramen, buy stock

CNBC - Fri, 07/20/2018 - 18:18
The director, producer and actor started investing in the stock market when he was living on a strict budget. 

Immigrant shelters drugged traumatized teenagers without consent

CNBC - Fri, 07/20/2018 - 18:11
Emotional distress is high among the children being separated from their families at the border, so many kids are being pressured into taking psychotropic drugs without approval from a parent or guardian to calm them down, ProPublica reports.

This map shows how much one person needs to earn to live comfortably in every US state

CNBC - Fri, 07/20/2018 - 18:08
You can get by on $22,000 in Kentucky but not Maryland, according to the MIT living wage calculator.

Trump poised to take control of the Federal Reserve

CNBC - Fri, 07/20/2018 - 17:58
President Donald Trump has multiple reasons as to why he should take control of the Federal Reserve. He will do so both because he can and because his broader policies argue that he should do so. 

SEC fines Deutsche $73 million for mishandling depositary receipts

CNBC - Fri, 07/20/2018 - 17:49
The Securities and Exchange Commission fined two Deutsche Bank subsidiaries in the U.S. for mishandling American Depositary Receipts.

Tiny fraction of Michael Cohen documents ruled privileged as ex-Trump lawyer meets with Al Sharpton

CNBC - Fri, 07/20/2018 - 17:46
The former Trump lawyer Michael Cohen in recent weeks has distanced himself from the president, with tweets supporting U.S. intelligence agencies and the media, as well as criticizing Russian interference in the 2016 presidential election.

If you're enrolling in Medicare, don't miss this deadline

CNBC - Fri, 07/20/2018 - 17:40
Generally you get six months to enroll in a Medigap policy with no questions asked. After that, look out.

JetBlue reshuffles corporate headquarters, braces workers for layoffs

CNBC - Fri, 07/20/2018 - 17:33
United Airlines posted first-quarter profits that topped Wall Street estimates.

Russian firm in election meddling case cites Supreme Court pick Kavanaugh in bid to drop charges

CNBC - Fri, 07/20/2018 - 17:27
Judge Brett Kavanaugh warned the government in 2011 court decision that if it wants to charge foreigners with violating laws about political contributions, then it must prove that those foreign nationals were aware of the laws being broken.

'Flip or Flop' star Tarek El Moussa reveals the major mistake he made buying his first home

CNBC - Fri, 07/20/2018 - 17:25
It's a rookie move, so be careful, says the HGTV star.

Traders expect that the Fed probably will ignore Trump's rate complaints

CNBC - Fri, 07/20/2018 - 17:21
President Donald Trump's criticism of monetary policy won't have much impact on how the Federal Reserve goes about its business, judging by initial market reaction. 

I spent 10 hours shadowing a Delta flight attendant—here's what it's like to lead a crew

CNBC - Fri, 07/20/2018 - 17:16
"Some people take the train to work. I fly."

Just bought an Echo on Amazon Prime Day? Try these 7 'skills' to be more productive

CNBC - Fri, 07/20/2018 - 17:03
These skills can help you cook, sleep and work out. 

JP Morgan predicts Tesla shares will plunge more than 40% before the end of the year

CNBC - Fri, 07/20/2018 - 16:43
J.P. Morgan reaffirms its underweight rating for Tesla shares, saying other automakers may price their electric cars aggressively.

Hawaii town hopes lava tourism will bring economic relief

CNBC - Fri, 07/20/2018 - 16:43
Images of Hawaii’s erupting Kilauea volcano have captivated people around the world. But ironically it’s nearly impossible for residents and visitors on the ground to see the lava — a fact that’s squeezing the tourism-dependent local economy.

Tesla to unveil new model in St. Louis

CNBC - Fri, 07/20/2018 - 16:41
Tesla will have its first public showing of its $35,000 "more affordable" family sedan in at the company's University City showroom Friday, the St. Louis Business Journal reports.

Workers are 'ghosting' interviews, blowing off work in a strong job market

CNBC - Fri, 07/20/2018 - 16:31
A growing number are "ghosting" their jobs: blowing off scheduled job interviews, accepting offers but not showing up the first day and even vanishing from existing positions – all without giving notice, USA Today reports.

Meet a professional venom extractor who wrangles the world's deadliest snakes

CNBC - Fri, 07/20/2018 - 16:24
Jim Harrison has lost fingers, gone into a coma and had his heart stop four times – all while doing his job.

This Old West ghost town in California just sold for $1.4 million—take a look around

CNBC - Fri, 07/20/2018 - 16:22
Near Death Valley, Cerro Gordo was first mined for silver in 1865. Take a look inside.

Here's what it's like to be a Supreme Court justice

CNBC - Fri, 07/20/2018 - 16:19
Being a Supreme Court justice is a once-in-a-lifetime opportunity. But it’s still a job, and a grueling one, at that. Here’s what it’s like being a Supreme Court justice. 

Three top cybersecurity officials are reportedly leaving the FBI

CNBC - Fri, 07/20/2018 - 16:15
The revelations came the same day Deputy Attorney General Rod Rosenstein discusses how the FBI is ramping up outreach to state elections boards and the private sector in an effort to combat cyber crime.

Why UBS cloned an economist

CNBC - Fri, 07/20/2018 - 16:04
You've heard of "robo-advisors." But UBS cloning an economist takes it to a whole other level, The Financial Times reports.

AT&T reveals three more cities for 5G launch by end of year

CNBC - Fri, 07/20/2018 - 16:00
The cities will be Oklahoma City, Charlotte and Raleigh, North Carolina.

JP Morgan snares massive inflows into its cheap ETFs putting rivals on high alert

CNBC - Fri, 07/20/2018 - 15:58
JP Morgan's new series of low-cost, plain vanilla ETFs has seen a surge in assets, sending a message to ETF giants like Vanguard and iShares that a Wall Street bank can make a dent in the deepening war for the fee-conscious investor.

JAB-backed Krispy Kreme takes majority stake in Insomnia Cookies

CNBC - Fri, 07/20/2018 - 15:53
Krispy Kreme Doughnut is acquiring a majority stake in Insomnia Cookies in a move that helps the coffee and doughnut chain move beyond the glazed treats for which it is known.

Five Below downgraded as shares of the value retailer soar 125 percent over the last 12 months

CNBC - Fri, 07/20/2018 - 15:37
Credit Suisse lowered its rating on the stock to neutral from outperform.

US court OKs speedy appeal of AT&T-Time Warner tie-up

CNBC - Fri, 07/20/2018 - 15:31
The Justice Department is getting the expedited schedule it wants for an appeal of AT&T's acquisition of Time Warner.

Here's how much you have to earn to be in the top 1 percent in America

CNBC - Fri, 07/20/2018 - 15:26
An EPI report analyzes how the 1 percent fared between 1917 and 2015.

Democratic Sen. Heitkamp: Benefits of tax cuts to US workers have been 'eaten up' by Trump's tariffs

CNBC - Fri, 07/20/2018 - 15:20
"We're the ninth most dependent on imported steel," the North Dakota senator says "The prices have gone up."

At least 13 die when duck boat capsizes in Missouri lake

CNBC - Fri, 07/20/2018 - 15:15
At least 13 people, including children, died after a boat carrying tourists capsized and sank on a lake in southwest Missouri.

Biggest risk in bond market isn’t rising rates or Fed vs. Trump. It's the inverted yield curve.

CNBC - Fri, 07/20/2018 - 15:12
The bond market event that investors need to be following isn't Trump's sudden attack on the Federal Reserve or the rising interest rates that current Fed policy is dictating, but the risk of an inverted yield curve. It is a recession precursor.

Pentagon delays release of report that ranks military bases by risk of sexual assault

CNBC - Fri, 07/20/2018 - 15:10
The report relied on surveys of troops and data from 2014 that have underpinned several previous reports from RAND. It was supposed to have been released months ago, reports USA Today.

As Albertsons heads to pivotal vote in Rite Aid merger, touts strong earnings

CNBC - Fri, 07/20/2018 - 15:00
As Albertsons Cos. and Rite Aid head to an August vote over their planned merger, the message to investors is simple: size still matters. The deal, announced in February, would create a new retail giant valued at roughly $24 billion that would combine Albertsons' grocery operations with Rite Aid's pharmacy business. But with Rite Aid, investors expected to hold a roughly 29 percent stake in the new company, some have pushed back against the combination, pointing to Albertsons' burdensome debt-load and rece

Consumers paying $104 billion in credit card interest and fees

CNBC - Fri, 07/20/2018 - 14:59
The amount shelled out was 39 percent higher in the 12 months ended March 31 than the $74.6 billion recorded five years earlier.

4 powerful weapons China has in its arsenal to win the US-China trade war

CNBC - Fri, 07/20/2018 - 14:48
China has powerful non-tariff measures it can use to crush America  from cashing out its $1 trillion hoard of U.S. Treasury bonds to devaluing the yuan. These are measures that could destabilize the U.S. economy.

Disney is on its best winning streak in five years, and some say the rally could continue

CNBC - Fri, 07/20/2018 - 14:42
Let’s call it Disney’s magical rally. Disney shares rose for nine straight sessions through Thursday, and some see further upside from here.

Deutsche Bank calls Amazon its top internet pick for the short term and long haul

CNBC - Fri, 07/20/2018 - 14:33
Deutsche Bank is more optimistic on Amazon's prospects due to its expansion into new markets and countries.

Here's the salary you need to live in the country's priciest ZIP codes

CNBC - Fri, 07/20/2018 - 14:31
Ready to rub elbows with the upper crust in Greenwich or Beverly Hills? Here's what it takes to live in the country's priciest towns. 

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