Traders work on the floor of the New York Stock Exchange. NYSE The market is behaving as if it sees quite clearly how 2021 will turn out: Vaccines arrive, jets refill the skies, the economy revives, corporate profits snap higher, all while the Federal Reserve stays out of the way […]
CNBC News
Starboard Value sees big return in this infrastructure play even after activist campaign hits a snag
Jeff Smith, chief executive officer and chief investment officer of Starboard Value LP. Chris Goodney | Bloomberg | Getty Images Starboard Value hit an unexpected stumbling block in its activist campaign in AECOM when one of the hedge fund’s members quit the infrastructure company’s board of directors over the summer. […]
Tesla publishes its first ever diversity report revealing leadership is 83% male and 59% White
Vehicles pass the Tesla Inc. assembly plant in Fremont, California, U.S., on Monday, May 11, 2020. David Paul Morris | Bloomberg | Getty Images Elon Musk’s electric car and renewable energy company published its first ever diversity report late Friday. It said that Tesla has a “majority minority” U.S. workforce […]
Thousands petition Google for more answers on departed researcher
Employees from Google and other organizations are asking Google for answers about how it handled the departure of renown researcher Timnit Gebru in an online petition that had more than 2,000 signatures as of Friday afternoon. Gebru, a well-known artificial intelligence researcher, technical co-lead of Google’s “Ethical AI” team and […]
Education Department extends student loan payment pause for 42 million borrowers amid Covid crisis
US Secretary of Education Betsy DeVos attends the “Getting America’s Children Safely Back to School” event in the State Room of the white House in Washington, DC, on August 12, 2020. NICHOLAS KAMM/AFP via Getty Images U.S. Department of Education Secretary Betsy DeVos announced on Friday that the payment pause […]
Apple offers free fix for iPhone 11 devices that no longer respond to touch
iPhone 11 Todd Haselton | CNBC Apple said on Friday that it will repair some iPhone 11 devices that don’t respond to touch. The affected devices were manufactured between November 2019 and May 2020, and the issue affects a “small percentage” of display modules, Apple said. The replacement program doesn’t […]
Cramer’s week ahead: Next week may be difficult for the markets without stimulus progress
The stock market’s next move hinges on the state of coronavirus stimulus talks in Washington, CNBC’s Jim Cramer said Friday. “If the Democrats and Republicans in Congress can make a stimulus deal over the weekend, this market can indeed keep running,” the “Mad Money” host said. “Without some progress in […]
U.S. sells more than $175 billion in weapons to foreign governments, nearly 3% higher than last year
An F/A-18E Super Hornet assigned to the Stingers of Strike Fighter Attack Squadron (VFA) 113 takes off from the flight deck of the aircraft carrier USS Theodore Roosevelt. Source: US Navy WASHINGTON — The U.S. sold $175 billion in weapons to foreign governments in the fiscal year that ended Sept. […]
Inside AT&T’s WarnerMedia as it dismantles the old Time Warner to battle Netflix
Combined images of AT&T CEO John Stankey (L)and john stankey WarnerMedia CEO Jason Kilar. Reuters In December 2018, John Stankey sat down with HBO CEO Richard Plepler and his leadership team. Stankey, the AT&T veteran running WarnerMedia at the time, was meeting with division heads to hear ideas on how […]
Gatorade gets cross-over appeal with Trail Blazers star and hip-hop artist Damián Lillard
Another top star in the National Basketball Association will be endorsing sports drink maker Gatorade — but this one is a budding music star as well. Damián Lillard, the Portland Trail Blazers’ superstar guard, agreed to an endorsement deal with PepsiCo‘s Gatorade, the company announced on Friday. Gatorade will use […]