Tesla and SpaceX CEO Elon Musk is testifying in a trial in Los Angeles on Tuesday, after he allegedly defamed a British spelunker, Vernon Unsworth, who is best known for his efforts to rescue 12 boys and their soccer coach from flooded caves in Thailand in the summer of 2018. […]
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Amazon’s cloud business bombards the market with dozens of new features to preserve its lead
Amazon’s cloud business now has over 175 different services for customers to use. That’s up from more than 100 services two years ago and 140 last year. Don’t worry, no one will ask you to name them all. But the fact is, Amazon Web Services, a 13-year-old division of the […]
Jobs data, services gauge, Trump meets Merkel: 3 things to watch for Wednesday
President Donald Trump faces reporters as he departs for travel to Tupelo, Mississippi from the South Lawn of the White House in Washington, November 1, 2019. Tom Brenner | Reuters Here are the most important things to know about Wednesday before you hit the door 1. Jobs data We’ll get […]
Watch: Adam Schiff holds press conference following release of draft impeachment report
[The stream is slated to start at 3 p.m. ET. Please refresh the page if you do not see a player above at that time.] House Intelligence Committee Chairman Adam Schiff holds a press conference following the release of a draft report in the Democrats’ impeachment inquiry against President Donald […]
Tesla is poised to deliver Model Y crossover in first quarter of 2020, says Deutsche Bank
Tesla CEO Elon Musk views the new Tesla Model Y at its unveiling in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images Tesla is poised to start deliveries of its crossover SUV, the Model Y, in the first quarter of 2020, according to research […]
How the market sell-off could get much worse: ‘Better put on your helmet’
Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters President Trump’s comment that he had no deadline on a China deal has predictably thrown markets into a tizzy, as the self-imposed deadline of Dec. 15 for additional tariffs is now less than two weeks […]
Kamala Harris drops out of presidential race after plummeting from top tier of Democratic candidates
Democratic presidential candidate Sen. Kamala Harris (D-CA) waits to speak at a Democratic presidential forum on Latino issues at Cal State LA on November 17, 2019 in Los Angeles, California. Mario Tama | Getty Images Sen. Kamala Harris is ending her presidential campaign. Harris, D-Calif., informed her staff Tuesday that […]
Why job growth could be ‘significantly weaker’ than it has appeared
Job seekers line up to meet with recruiters during the Job Hunters Boot Camp in San Mateo, California. Getty Images The pace of payrolls growth, already around the weakest of the decade-old recovery, could look even weaker once the numbers-crunchers get through counting. Benchmark revisions to government employment data already […]
Wilbur Ross: France digital tax rooted in ‘tremendous’ jealousy over US tech dominance
France’s move to tax digital services partly stems from it being envious of the United States’ stronghold on technological innovation, Commerce Secretary Wilbur Ross told CNBC on Tuesday. “Europe doesn’t have the real high-tech champions and the real e-commerce champions that we do,” Ross said in an interview on “Squawk […]
Stocks making the biggest moves midday: Caterpillar, Lands’ End, Micron and more
George Frey | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Caterpillar, Apple, 3M — Trade sensitive stocks fell on Tuesday after President Donald Trump suggested he may want to delay a trade deal with China until after the 2020 presidential election. Trump later said Tuesday’s […]