President Donald Trump was abruptly evacuated from a press briefing on Monday evening just minutes after he began speaking because of a shooting outside of the White House. “There was an actual shooting, and somebody has been taken to the hospital. I don’t know the condition of the person,” Trump […]
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Stock futures flat in overnight trading after Wall Street notches seventh straight day of gains
Brendan McDermid | Reuters Futures tied to major U.S. equity averages were little changed in overnight trading on Monday after days of gains on Wall Street pushed the S&P 500 within striking distance of a record high. Dow Jones Industrial Average futures dipped about 10 points. The S&P 500 and […]
Watch live: Trump holds briefing as lawmakers try to restart coronavirus relief bill talks
[The stream is slated to start at 5:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Donald Trump is expected to hold a press briefing on Monday as White House officials indicate that they’re open to restarting negotiations on the […]
Stocks making the biggest moves after hours: Lyft, Uber, Occidental Petroleum and more
A Lyft logo is installed on a Lyft driver’s car next to an Uber sticker in Pittsburgh. Gene J. Puskar | AP Check out the companies making headlines after the bell: Lyft, Uber — Shares of the ride-hailing duo dipped after a San Francisco Superior Court judge ruled that they convert California drivers […]
Judge grants preliminary injunction requiring Uber and Lyft to stop classifying drivers as contractors
Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., speaks during an interview in Tokyo, Japan, on Wednesday, July 3, 2019. Akio | Bloomberg | Getty Images A California judge granted a preliminary injunction Monday requiring Uber and Lyft to stop classifying their drivers as independent contractors pending further action by the […]
Dow jumps 350 points to start week, S&P 500 inches closer to all-time high
The Dow Jones Industrial Average rallied on Monday as gains in economically sensitive stocks offset losses from mega-cap tech stocks like Microsoft. The 30-stock Dow advanced 357.96 points to 27,791.44, a gain of 1.3%. Boeing and Dow Inc. were among the best-performing stocks in the blue-chip index, rising more than […]
New York Times CEO Mark Thompson says he expects the end of the physical newspaper in 20 years
Mark Thompson, CEO, The New York Times, speaking at the World Economic Forum in Davos, Switzerland on Jan. 23, 2020. Adam Galica | CNBC The New York Times was founded in 1851, but it would surprise outgoing CEO Mark Thompson if the physical paper made it to 2040. “I believe […]
For Microsoft, TikTok could bring numerous problems that have been plaguing Facebook and Twitter for years
Microsoft CEO Satya Nadella leaves the Elysee Palace after a meeting with the French President Emmanuel Macron in Paris on May 23, 2018. Aurelien Morissard | IP3 | Getty Images If Microsoft were to complete an acquisition of TikTok, it would gain a company with much potential for advertising revenue […]
Trump’s order does little to stop impending eviction crisis, experts say
A banner against renters eviction reading no job, no rent is displayed on a controlled rent building in Washington, DC on August 9, 2020. (Photo by Eric BARADAT / AFP) (Photo by ERIC BARADAT/AFP via Getty Images) ERIC BARADAT | AFP | Getty Images The executive action President Donald Trump […]
Consumers are less confident about housing, but searches for these topics are soaring
After plunging in April, consumer sentiment in housing began a promising recovery. Home sales surged and beat expectations; homebuilders reported buyer traffic was, well, through the roof, and online housing-related searches soared. Consumer confidence in housing now appears to be weakening, but consumer curiosity is not. Fannie Mae’s monthly Home […]