The New England Patriots released Antonio Brown on Friday on the heels of claims that the superstar wide receiver had raped one woman and sent threatening text messages to a second woman, who had accused him of sexual harassment. “The New England Patriots are releasing Antonio Brown,” the reigning Super […]
CNBC News
Colt will no longer make AR-15s for civilians, but gun control advocates may not want to celebrate
An employee of Dave’s Guns holds a Colt AR-15. Thomas Cooper | Getty Images Colt announced that it will halt its production of AR-15 rifles for civilian sales on Thursday, but the news might not be as exciting for gun control advocates as it first appears. The rifle continues to […]
Uber sues New York City over ‘cruising cap’ limit for drivers
Uber CEO Dara Khosrowshahi walks outside of the New York Stock Exchange its highly anticipated initial public offering on May 10, 2019. Spencer Platt | Getty Images Uber sued New York City on Friday over a new rule limiting how much time its drivers can spend in their vehicles in […]
YouTube CEO apologizes for ‘frustration and hurt’ over verification changes
Susan Wojcicki, CEO of YouTube. CNBC YouTube CEO Susan Wojcicki apologized on Friday for changes the company announced on Thursday, which affected how the company would verify YouTubers beginning in Oct. “To our creators & users – I’m sorry for the frustration & hurt that we caused with our new […]
China delegation’s sudden departure highlights trade and tariffs as main movers of markets
The S&P is just shy of a new high. The issue is whether investors will be willing to push the markets into new high territory now that the Fed has indicated it will wait and see how the economy performs before cutting rates again. With the Fed finished, what’s next […]
Facebook has suspended tens of thousands of apps after Cambridge Analytica investigation
Facebook CEO Mark Zuckerberg at the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images Facebook on Friday said that it’s suspended tens of thousands of apps as a result of an investigation into its software developer ecosystem that was launched following […]
Fitbit soars as it hires Qatalyst to explore sale
A Fitbit display is seen at a Target store in Los Angeles. Getty Images Fitbit has hired boutique investment firm Qatalyst Partners to explore a sale, according to a person familiar with the matter. Shares of the wearables company closed up 11.7% on Friday following the news. No deal is […]
Chinese trade negotiators cancel US farm visit, cut trip short
Chinese President Xi Jinping (R) and US President Donald Trump attend their bilateral meeting on the sidelines of the G20 Summit in Osaka on June 29, 2019. Brendan Smialowski | AFP | Getty Images Chinese trade negotiators had a sudden change of plans Friday, canceling a visit to meet U.S. […]
Walmart will discontinue the sale of e-cigarettes as vaping-related deaths climb
Walmart will stop selling e-cigarettes amid “regulatory complexity” and “uncertainty” around the products, the retailer said in a memo Friday. “Given the growing federal, state and local regulatory complexity and uncertainty regarding e-cigarettes, we plan to discontinue the sale of electronic nicotine delivery products at all Walmart and Sam’s Club […]
This beneath-the-surface indicator could point to a major market rally
Stocks are a hair away from record highs. The S&P 500 is sitting less than 1% from its July peak on Friday, clawing its way back to record territory after a rocky August. Todd Gordon, founder of TradingAnalysis.com, says one breadth indicator suggests new highs are around the corner. “This […]