Senate Finance Committee Chairman Chuck Grassley (R-IA) speaks during a forum regarding the future of health care and drug pricing in America, hosted by Pfizer and Axios, on June 5, 2019 in Washington, DC. Mark Wilson | Getty Images Republican Sen. Chuck Grassley says a whistleblower who filed a complaint […]
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Tariff-hit tech companies are telling markets to prepare for the worst from earnings
Technology companies, which face some of the biggest tariff impacts, have been slashing expectations for third-quarter earnings at a record pace. With the kickoff to the heart of earnings season still about two weeks away, some 29 information technology sector companies have lowered their guidance, which is the biggest number […]
Zuckerberg vs. Warren: Leaked audio gives a taste of Facebook CEO’s real thoughts on tech regulation
Facebook CEO Mark Zuckerberg makes rounds of meeting in Russell Building where he discussed technology regulations and social media issues with senators on Thursday, September 19, 2019. He was making his way from a meeting with Sen. Mike Lee, R-Utah, to one with Sen. Josh Hawley, R-Mo. (Photo By Tom […]
Cramer predicts Chipotle stock could soar nearly 20% to $1,000 — delivery is a ‘big factor’
CNBC’s Jim Cramer is predicting that shares of Chipotle Mexican Grill could soar to $1,000 each, boosted by its tech initiatives, including partnering with third-party delivery services. “I think Chipotle can go to a thousand. It is a great stock here,” Cramer said Tuesday on “Squawk Box.” The fast-casual stock […]
Real estate is still the best investment you can make today, millionaires say—here’s why
Billionaire Andrew Carnegie famously said that 90% of millionaires got their wealth by investing in real estate. We wanted to know: Is this still true? Is investing in real estate still a good idea? According to these nine advisors at The Oracles who made millions by investing in real estate, the answer […]
US manufacturing contracts to worst level in a decade
Assembly product worker Ron Leenheer works on the final assembly of a water cooled transformer at RoMan Manufacturing in Grand Rapids, Michigan, December 12, 2018. Rebecca Cook | Reuters A gauge of U.S. manufacturing from the Institute for Supply Management showed the sector contracted to the lowest level in more […]
Relativity, a company 3D printing entire rockets, raises $140 million from Mary Meeker and others
Relativity co-founders Tim Ellis (left) and Jordan Noone stand next to a 3D printed second stage of the company’s Terran 1 rocket. Relativity Space start-up Relativity Space just raised the money it needs to transform the rocket supply chain in the U.S. with 3D printing. The four-year-old company in Los […]
Auto workers strike has cost GM over $1 billion, JP Morgan estimates
United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 18, 2019 in Detroit. Michael Wayland / CNBC The continuing strike by General Motors union workers has now cost the automaker more than $1 billion during the third quarter, J.P. Morgan estimates, with GM’s slowed […]
Credit Suisse hopes to close the curtain on bizarre spying saga
Following the eruption of an unprecedented scandal at Credit Suisse over the past month, COO Pierre-Olivier Bouee is out, its CEO Tidjane Thiam is in the clear, and the bank is scrambling to mitigate the “reputational damage” inflicted by efforts to carry out covert surveillance on a former top executive. […]
Investors may soon get a chance to buy Apple at lower levels: Strategist
Apple is looking sweeter and sweeter. The stock climbed by more than 2% on Monday, putting its year-to-date gains at nearly 42%, after J.P. Morgan analysts raised their price target on Apple for what they expect to be stronger-than-anticipated sales of the company’s newest iPhone. As of Monday’s close, the […]