President Donald J. Trump and Attorney General William Barr depart after delivering remarks on citizenship and the census in the Rose Garden at the White House on Thursday, July 11th, 2019 in Washington, DC. Jabin Botsford | The Washington Post | Getty Images The Justice Department on Wednesday said in […]
CNBC News
El-Erian: Fed will likely cut rates again, but it won’t have much impact on the economy
The Federal Reserve will likely cut interest rates again this year, but the move won’t have much of an impact on the U.S. economy, closely followed economist Mohamed El-Erian told CNBC on Wednesday. “I suspect they will cut because the risk of not doing so is high, but we shouldn’t […]
‘Toxic chemical fumes,’ not oils, may be causing vaping illness, Mayo Clinic researchers find
Andy Ramkumar, who works at Gotham Vape in Queens, vapes at the store on September 17, 2019 in New York City. Spencer Platt | Getty Images News | Getty Images Doctors researching the cause of a sudden respiratory illness that’s killed at least 16 people in the U.S. since July […]
Recession fears knock stocks down more than 450 points – five experts weigh in
Investors are back on recession watch. Fears of a slowdown triggered by weakening global economic growth, contracting U.S. factory activity and trade tensions continued to drag on the markets Wednesday. The Dow Jones Industrial Average plummeted more than 450 points in day two of a sell-off that wiped out all […]
Tesla delivers a record 97,000 vehicles in third quarter, falling short of forecasts
Tesla Model 3 Silas Stein | picture alliance | Getty Images Electric-car maker Tesla delivered a record 97,000 vehicles globally during the third quarter, an impressive milestone that still fell short of investor expectations and set a tough hurdle for CEO Elon Musk to meet his year-end goals. The company’s […]
Elizabeth Holmes’ attorneys blast prosecution over withholding government documents
Elizabeth Holmes leaves a federal courthouse in San Jose. Meghan Mariani Defense attorneys for former Theranos CEO Elizabeth Holmes and Sunny “Ramesh” Balwani criticized prosecutors Wednesday for stalling to turn over what they call key documents that would clear their clients. “The evidence produced so far confirms our belief that […]
E-Trade drops commissions on trades, joining Schwab, TD Ameritrade in brokerage fee war
Pedestrians walk outside an E*Trade Financial office in New York. Daniel Acker | Bloomberg | Getty Images Retail brokerage firm E-Trade announced Wednesday it will drop commission fees on online U.S. stock, ETF and options trades. The move comes within a week of Interactive Brokers, Charles Schwab and TD Ameritrade […]
Botching this decision could cost you your retirement savings
Sean Murphy | Stone | Getty Images If you’re taking a hefty check from your 401(k) plan as you leave your employer, you might be making a big mistake. Just over 9 out of 10 employers give their employees multiple options to take a distribution from their retirement plan, according […]
Three before you leave — What to watch for in the market Thursday
Historic Pepsi-Cola neon sign on the Long Island City waterfront in Queens, New York City. Karlheinz Irlmeier | Getty Images Here are the most important things to know about Thursday before you hit the door. 1. Is the economic slowdown contained? Investors will be holding their breath for a read […]
US to impose tariffs on EU aircraft and agricultural products
The U.S. will impose tariffs on European Union products following a victory at the World Trade Organization, according to senior officials from the Office of the U.S. Trade Representative. The USTR plans to release a product list as early as Wednesday night, and the duties would take effect Oct. 18. […]