CNBC News

Beats Solo Pro headphones Beats Apple‘s Beats brand announced its new $299.95 Solo Pro on-ear noise-canceling headphones on Tuesday. The headphones offer a lot of the great features that people love about AirPods but in a different form that sits on your ears instead of in them. Apple’s Beats by Dre brand is super popular. Beats says it’s sold 30 million Solo-branded headphones, and the new model will help it continue to compete in the…

Pedestrians walk past a Gymboree store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images The Gymboree clothing brand for boys and girls will be back online and in some stores next year, thanks to The Children’s Place. The Children’s Place had paid $76 million for the rights associated with both Gymboree and its Crazy 8 brand earlier this year, after Gymboree filed for bankruptcy protection back in January. At the time,…

Google CEO Sundar Pichai speaks during the Google I/O keynote session at Shoreline Amphitheatre in Mountain View, California on May 7, 2019. Josh Edelson | AFP | Getty Images Google kicked off its annual hardware event on Tuesday where it announced its new video game streaming service, Stadia, will launch on Nov. 19.  The company also revealed a new pair of $179 Pixel Buds, slated to launch in Spring 2020, that include a truly wireless design…

Founder, Chairman, CEO and President of Amazon Jeff Bezos gives a thumbs up as he speaks during an event about Blue Origin’s space exploration plans in Washington, U.S., May 9, 2019. Clodagh Kilcoyne | Reuters Here are the biggest calls on Wall Street on Tuesday: Free America Network Articles

National Securities’ Art Hogan predicts third-quarter earnings results will exceed expectations. However, his forecast leaves out a crowded area of the market. “I’m nervous about the defensive groups actually because they’re such a popular trade,” the firm’s chief market strategist told CNBC’s “Trading Nation” on Monday. “The multiples for some of those consumer staples and utilities and real estate investment trusts are really high.” As global slowdown risks rose this year, so did the defensive…

Joaquin Phoenix portrays Arthur Fleck in Warner Bros. “Joker.” Warner Bros. The rights holders to music by convicted pedophile Gary Glitter have reportedly said that the disgraced former glam rock star will not receive any royalties after one of his songs was featured in the box-office hit “Joker.” The contentious inclusion of “Rock and Roll Part 2” in the R-rated comic book film had sparked an intense backlash from moviegoers, with many concerned about the…

Any average millionaire or billionaire can buy a Ferrari. But only a select group gets the privilege of buying a fully customized one — an honor that is becoming big business for the Italian carmaker. Ferrari this month opened its third “tailor made center” in the world, a 6,600-square-foot showroom on Manhattan’s Park Avenue that allows buyers to fully customize their rides, choosing everything from fabrics and leathers to woods, paint colors and wheels. While…

Amazon CEO Jeff Bezos Photo: Andrew Harrer/Bloomberg via Getty Images Google still holds the lion’s share of search ad revenue in the U.S., but Amazon is expected to chip away at that dominance over the next few years, according to a new eMarketer forecast. The U.S. search ad market is expected to grow nearly 18% this year to reach $55.17 billion. Google holds a 73.1% share of that, equaling $40.3 billion, eMarketer said. Meanwhile, Amazon…

James Bullard, president and CEO of the Federal Reserve Bank of St. Louis. David Orrell | CNBC St. Louis Federal Reserve Bank President James Bullard said global trade and other risks remain high for a U.S. economy that may slow more sharply than expected. As a result, the Fed “may choose to provide additional accommodation going forward, but decisions will be made on a meeting-by-meeting basis, he said in prepared remarks to a London conference…

The U.K.’s most famous fund manager has been forced to wind up his flagship fund after a months-long suspension. In a letter to investors Tuesday morning, the administrators of the Woodford Equity Income Fund, run by star manager Neil Woodford, said the fund would be closed down and cash returned to investors at the earliest opportunity. Woodford has also been removed as the investment manager, with the fund set to be renamed. The letter from…