CNBC News

Walter V. Shipley, the former chairman and chief executive officer of Chase Manhattan Bank, has died at the age of 83, the bank announced on Saturday. Shipley is credited with crafted a series of bank mergers that led to the formation of JPMorgan Chase, the current powerhouse that casts a long shadow on Wall Street. Shipley’s accomplishments are noteworthy, given that he was forced to leave college due to poor grades. Over four decades, he…

The North American International Auto Show kicks off Monday, but Detroit’s flagship car exposition isn’t what it used to be as luxury automakers are going elsewhere to debut their latest designs. Audi, BMW, Mercedes, Volvo, Porsche, Jaguar, Land Rover are skipping the show in an official capacity this year. Even smaller manufacturers, like Mitsubishi and Mini, have opted out. In years past, it wouldn’t be uncommon to see debuts of more than a dozen new…

If you own a pair of Apple AirPods then you might, like me, simply pair them to your phone and forget about them, spending most of your time just listening to music. But there are other things you can do with AirPods, like control your music or speak to Siri. Here’s a quick guide on a few other things you can do with your AirPods, and how to get the most out of them. You…

Chinese telecom giant Huawei fired a sales director arrested in Poland on charges of conducting espionage on behalf of China, The Wall Street Journal reported on Saturday. Huawei, the world’s second largest maker of smartphones, further distanced itself from the employee, Wang Weijing, by issuing a statement that he had brought the company into “disrepute.” It added that the employee’s actions “have no relation to the company,” and stressed that it complies with the law…

As online sales boom, there’s an inevitable side effect: More merchandise is getting returned, boosting costs and complexity for retailers. The shift can be staggering. “Shoppers return 5 to 10 percent of what they purchase in store but 15 to 40 percent of what they buy online,” David Sobie, co-founder and CEO of Happy Returns told CNBC. Not being able to see an item in person accounts for part of the difference, but consumers also…

Miami International Airport will close one of its terminals early this weekend as double the usual number of Transportation Security Administration officers, working unpaid in the partial government shutdown, called in sick. The TSA workers are among the some 420,000 federal employees deemed essential who are working without pay. Amid the shutdown, which began on Dec. 22 and is now the longest ever, TSA officers missed their first paycheck on Friday. The shifts show how…

Julián Castro will run for president, the former secretary of Housing and Urban Development announced on Saturday, joining an increasingly crowded field of contenders lining up to challenge President Donald Trump in 2020. Before leading HUD under former president Barack Obama from 2014 to 2017, Castro served as mayor of his hometown of San Antonio. He has not held public office since departing the Obama administration but has stayed in public life, visiting early primary…

Credit scores have been steadily rising since the Great Recession, averaging over 700 for the first time ever. But if you’re not there yet, there is good news. New criteria will weigh how you manage the cash in your checking and savings accounts, which means the good financial habits you practice today can have a direct effect on your score. Some of the mistakes that may have dogged you in the past will have less…

Goldman Sachs is predicting that earnings growth in 2019 could be quite disappointing, advising clients to steer clear of companies leveraged to strong economic growth. In a research note to clients this weekend, the firm gave a forecast that should worry bullish investors, warning that the waning fortunes of several big consumer brands were sounding a warning about corporate profits this year. “Weak guidance from several notable companies such as Apple and Macy’s have heightened…

The lineup at the North American International Auto Show in Detroit next week offers a glimpse of what new car lots are going to be stocked with in the future: crammed with trucks, SUVs and high performance sports cars. A quick scan of the expected debuts shows just how important trucks and SUVs have become to buyers. Ford will display the latest update on its top-selling Ford Explorer midsize SUV, which has been refreshed for…