U.S. Senator Joe Manchin (D-WV) speaking at a press conference sponsored by the Problem Solvers Caucus and the Common Sense Coalition to announce “principles for legislation to lower prescription drug prices” at the US Capitol in Washington, DC. SOPA Images | LightRocket | Getty Images Sen. Joe Manchin, D-W.Va., is […]
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Manchin questions Chinese investment in West Virginia: ‘Something doesn’t make sense’
U.S. Senator Joe Manchin (D-WV) speaking at a press conference sponsored by the Problem Solvers Caucus and the Common Sense Coalition to announce “principles for legislation to lower prescription drug prices” at the US Capitol in Washington, DC. SOPA Images | LightRocket | Getty Images Sen. Joe Manchin, D-W.Va., is […]
Yum Brands names former Adidas executive Mark King as new Taco Bell CEO
Yum Brands on Thursday named Mark King, former Adidas president, as the new CEO of its Taco Bell division. King will take over the role from Brian Niccol, who left for Chipotle in February 2018. The company also promoted Artie Starrs from president to CEO of its Pizza Hut division. […]
Google Cloud is generating $8 billion in revenue a year and plans to triple sales force
Thomas Kurian David Paul Morris | Bloomberg | Getty Images Google CEO Sundar Pichai said the company’s cloud unit reached $8 billion in annualized revenue and plans to triple its sales force over the next few years. Google’s cloud is a key growth driver for Alphabet, Pichai said on Thursday’s […]
US growth could be weakest in more than two years but latest data might not affect Fed’s next move
An assembly line worker works on the production line at Midwest Automotive Designs in Bristol, Indiana, April 16, 2019. Tim Aeppel | Reuters The U.S. economy is expected to have grown in the second quarter at the slowest pace in more than two years, but the data will have little […]
House passes two-year debt ceiling and budget deal, sending it to the Senate
The House on Thursday passed a bill to raise the U.S. debt ceiling and set budget levels for two years, taking a step toward avoiding calamity that threatens to disrupt the economy. The Democratic-held chamber approved the measure in a 284-149 vote. Democrats voted 219-16 in favor of the bill. […]
Juul co-founder defends company at hearing over its alleged role in teen vaping ‘epidemic’
Juul founders Adam Bowen and James Monsees. Jeniece Pettitt I CNBC Juul co-founder James Monsees defended the company in a Congressional hearing on Thursday where lawmakers grilled him over the company’s role in allegedly fueling a teen vaping “epidemic.” The House Committee on Oversight and Reform’s Economic and Consumer Policy […]
Amazon to report second-quarter earnings after the bell
Amazon.com founder and CEO Jeff Bezos Scott Olson | Getty Images Amazon is reporting its second-quarter results on Thursday after the bell. Wall Street expects Amazon’s revenue growth to rebound from a four-year low in the first-quarter, but the growing investments into the business are likely going to cut into […]
Alphabet set to report earnings after the bell
Google CEO Sundar Pichai speaks during the Google I/O keynote session at Shoreline Amphitheatre in Mountain View, California on May 7, 2019. Josh Edelson | AFP | Getty Images Google parent company Alphabet is set to report earnings for its second quarter of 2019 after the bell on Thursday. Here […]
Stocks making the biggest moves midday: Tesla, Ford, Align Technology, Facebook & more
Check out the companies making headlines midday Thursday: Tesla — Shares of Tesla plunged more than 14%, on pace for the worst day since September, after the electric car maker reported a larger-than-expected loss as revenues also came up short. Tesla lost an adjusted $1.12 per share for the second […]