Traders working on the floor of the New York Stock Exchange. Drew Angerer | Getty Images CNBC’s Jim Cramer on Wednesday said investors on Wall Street care more about company fundamentals than they care about the impeachment process in Washington, D.C. As the House debated impeaching President Donald Trump throughout […]
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US appeals court rules Obamacare individual mandate’ unconstitutional but leaves law intact for now
Participants hold signs in New York, NY while protesting efforts to repeal and replacement of the Affordable Care Act on July 29, 2017. Pacific Press | Getty Images A federal appeals court on Wednesday ruled that the Affordable Care Act’s individual mandate provision was unconstitutional but punted on deciding whether […]
One of the greatest hedge fund managers ever says he couldn’t have been more wrong this year
Stanley Druckenmiller Anjali Sundaram | CNBC It’s impossible to read the capital markets landscape correctly consistently, but hedge fund manager Stanley Druckenmiller was thought to be among the best at it. He completely missed the mark this year. Druckenmiller told Bloomberg News on Wednesday that he did not take enough […]
GOP Sen. Grassley says Mitch McConnell sabotaged support for his drug pricing bill
Senate Judiciary Committee Chairman Chuck Grassley (R-IA) talks with reporters as he heads for a meeting at the Capitol October 02, 2018 in Washington, DC. Chip Somodevilla | Getty Images Republican Sen. Chuck Grassley said Wednesday that Senate Majority Leader Mitch McConnell is responsible for his colleagues’ apparent lack of […]
Critics blast ‘The Rise of Skywalker’ as disappointing finale to a Star Wars saga
John Boyega, Daisy Ridley and Oscar Isaac in “Star Wars: The Rise of Skywalker” coming to theaters Dec. 20th, 2019. Closing out a 42-year-old saga was never going to be easy. After harsh criticism over creative choices in “Star Wars: The Last Jedi,” the final installment in the most recent […]
Oil industry looks forward to more mergers—and more bankruptcies
Workers make a pipe connection on the Orion Perseus drilling rig, Webb County, Texas. Eddie Seal | Bloomberg | Getty Images The U.S. oil industry shook up the world energy order in the last decade, and now it has been going through a shakeout of its own that is expected […]
Judge orders early prison release for convicted ex-WorldCom CEO Bernie Ebbers, citing accounting fraudster’s dire health
A federal judge ordered the early release from prison of former WorldCom CEO Bernie Ebbers — mastermind of one of the biggest accounting frauds in history — on Wednesday as a result of his dire medical condition. Ebbers, 78, had served about 13 years of his 25-year prison sentence for […]
What do the critics think? A roundup of reviews for ‘Star Wars: The Rise of Skywalker’
John Boyega, Daisy Ridley and Oscar Isaac in “Star Wars: The Rise of Skywalker” coming to theaters Dec. 20th, 2019. Closing out a 42-year-old saga was never going to be easy. After harsh criticism over creative choices in “Star Wars: The Last Jedi,” the final installment in the most recent […]
Nike earnings, jobless claims, home sales: 3 things to watch for in the markets on Thursday
Seen through a store window, a Nike employee stands in the entryway of the Nike SoHo store in New York City. Drew Angerer | Getty Images Here are the most important things to know about Thursday before you hit the door. 1. Nike earnings on deck Shoe giant Nike reports […]
Pelosi opens final House debate on Trump impeachment: ‘He gave us no choice’
House Speaker, Nancy Pelosi speaks ahead of a vote on two articles of impeachment against U.S. President Donald Trump on Capitol Hill in Washington, U.S., in a still image from video December 18, 2019. Source: HouseTV WASHINGTON — House Speaker Nancy Pelosi, D-Calif., called on members of Congress to stand […]