CNBC News

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 […]

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 […]

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 […]

A spike in trade tensions wasn’t enough to tank stocks Friday. Instead, the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite indexes all closed at record highs despite a hiccup in the trade progress that helped drive the S&P to a fifth straight week of gains. Experts are still […]

Scott Mlyn | CNBC WeWork on Friday announced a “90-day game plan” that details sweeping changes to its businesses, including a divestiture of all “non-core businesses” and a reduction in headcount. In a nearly 50-page presentation, WeWork said it plans to divest several related ventures, including Conductor, The Wing, Managed […]

A TGI Fridays restaurant in New York City. Scott Mlyn | CNBC T.G.I. Friday’s is going public again. The casual dining chain is planning on merging with Allegro Merger, a special purpose acquisition company with ties to investment firm Crescendo Partners, the two companies announced Friday. Special purpose acquisition companies have […]

DVD sales have been on the decline for over a decade, but a slew of new streaming services and a shift in how consumers are watching movies and TV shows could be the final death knell for the technology. The same can be said for Blu-Ray discs. At its peak, […]

Democratic presidential candidate Elizabeth Warren revealed a “calculator for the billionaires” on Thursday that shows how much the wealthiest Americans would pay under her wealth tax plan. “Some billionaires seem confused about how much they would pay under my #TwoCentWealthTax,” Warren tweeted after billionaires Bill Gates and Leon Cooperman expressed […]

Joe Biden’s allies are becoming increasingly concerned that a Mike Bloomberg candidacy could take votes away from the former vice president and help Sen. Elizabeth Warren win the race for the Democratic presidential nomination. Bloomberg’s political aides confirmed that he’s again considering entering the 2020 race, after he decided against […]

McDonald’s first learned about former CEO Steve Easterbrook’s relationship with an employee roughly three weeks ago, The Wall Street Journal reported. The Chicago-based company announced on Sunday that its board ousted Easterbrook for having a consensual relationship with a female employee, a violation of the company’s nonfraternization policy. Chris Kempczinski, […]