Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on October 3, 2019 in New York City. Drew Angerer | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for […]
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An investor’s guide to space, Wall Street’s next trillion-dollar industry
(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) The space industry is in the middle of a widespread transformation, as the last decade has seen a number of young companies begin to seek to profit […]
Grading stocks’ comeback and whether this is the start of the next leg of the bull market
(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) “You are what your record says you are,” said former football coach Bill Parcells, offering a no-excuses maxim of accountability tied to tangible results. So, what does […]
China’s consumer prices rise at fastest clip in nearly 8 years, as pork prices continue to soar
Pigs in their pen at a farm on the outskirts of Chengdu in China’s south west Sichuan province, on August 2, 2005. Peter Parks | AFP | Getty Images China’s producer prices fell the most in more than three years in October, as the manufacturing sector weakened on declining demand […]
Everything Jim Cramer said on ‘Mad Money,’ including stocks for kids, Starbucks hiring veterans
CNBC’s Jim Cramer explains why Disney and Nvidia are two perfect stocks to put in a young child’s portfolio. The “Mad Money” host also hears from Starbucks CEO Kevin Johnson about why the coffee giant continues to hire veterans. Later on, Cramer talks about other companies that hire former service […]
Top Facebook exec who left this year says political ads should be fact checked
Facebook’s Chief Product Officer Christopher Cox. David Paul Morris | Bloomberg | Getty Images When former Facebook Chief Product Officer Chris Cox left the company earlier this year, he was known as an advocate inside the company for getting rid of fake news on the website. On Friday, he said […]
Facebook apologizes after employees complain about racist company culture
Facebook CEO Mark Zuckerberg walks to meetings for technology regulations and social media issues on September 19, 2019, in Capitol Hill, Washington, DC. BRENDAN SMIALOWSKI | AFP | Getty Images Facebook on Friday issued an apology following an anonymous blog post complaining about a racist culture toward black, Hispanic and […]
Facebook co-founder Chris Hughes doesn’t recall Zuckerberg discussing the Iraq War at Harvard
Facebook co-founder Chris Hughes speaks at Manny’s in San Francisco on Nov. 8, 2019. Salvador Rodriguez | CNBC Facebook co-founder Chris Hughes said on Friday that he doesn’t recall Mark Zuckerberg ever discussing the Iraq War during the early days of the company, contradicting recent comments from the CEO tying […]
Big Tech closes out a big week with Microsoft, Apple and Alphabet all closing at records
MUNICH, GERMANY – SEPTEMBER 29: Tim Cook, CEO Apple, during the Oktoberfest 2019 at Kaeferschaenke beer tent. Gisela Schober | German Select | Getty Images The broad stock market rally that’s lifted U.S. indexes to record highs has been very good to Big Tech. Microsoft, Apple and Google parent Alphabet […]
Elizabeth Warren’s tax plan eliminates any incentive to invest, wealth tax pioneer says
Presidential contender Sen. Elizabeth Warren‘s tax plan may eliminate any incentive to invest, wealth tax pioneer Edward Wolff told CNBC on Friday. Warren’s wealth tax is “going to induce a big capital flight out of this country,” said Wolff, an economist and author of “Top Heavy,” a book on income […]