Instagram Co-founders Kevin Systrom and Mike Krieger on Monday said politicians need to offer solutions that address the tech industry’s specific problems instead of just talking about breaking up companies like Facebook. “I think the conversation will go better and lead to better policy if we’re really specific on the […]
CNBC News
Trump budget would put an end to some drug-cost help under Medicare Part D
Retirees with high prescription drug costs might want to keep an eye on President Trump’s hoped-for changes to Medicare. The president’s proposed 2020 budget, released Monday, calls for allowing Medicare to negotiate lower prices with pharmaceutical companies and would cap how much beneficiaries pay out-of-pocket under Part D prescription drug […]
Morgan Stanley: The stock market correction isn’t over as evidence builds for a further slowdown
The stock market correction likely isn’t over, and evidence is mounting that there is more downside risk ahead for investors, according to Morgan Stanley. The investment bank projected that full-year earnings per share forecasts for S&P 500 companies are likely to further fall between 4 percent and 5 percent, which […]
Scorsese’s ‘The Irishman’ could show in IMAX theaters, if Netflix loosens its grip
Martin Scorsese’s “The Irishman” could come to IMAX theaters, if Netflix makes concessions about how long it’s willing to let the film play in theaters before bringing it to its streaming service. Like many theater exhibitors in the industry, IMAX has previously shied away from showing Netflix films in its […]
Boeing shares sink after fatal crash—three experts weigh in
Shares of Boeing lost roughly 9 percent on Monday after one of its best-selling planes, the Boeing 737 MAX jet, saw its second deadly crash in less than five months, and Wall Street is divided on what’s next for the stock. Here are three experts’ opinions on what’s in store […]
Watch: First White House press briefing in record 42 days
[The stream is set to start at 2 p.m. ET. Please refresh the page if you do not see a player above at that time.] White House press secretary Sarah Huckabee Sanders is slated to field reporters’ questions Monday in the formal briefing room for the first time in six […]
Facebook’s cryptocurrency could be a $19 billion revenue opportunity, Barclays says
One Wall Street firm sees major upside for Facebook if its secretive cryptocurrency plan works out. The social network is reportedly developing a cryptocurrency that could be part of a multibillion-dollar revenue opportunity, Barclays internet analyst Ross Sandler said in a note to clients Monday. Sandler forecasted as much as […]
Stocks making the biggest moves midday: Boeing, Apple, Facebook, Nvidia, Care.com & more
Check out the companies making headlines midday Monday: Boeing — Shares of Boeing dropped 6.83 percent on Monday after an Ethiopian Airlines flight crashed on Sunday killing all 157 people on board, raising concerns over the safety of Boeing’s 737 MAX 8 jet. This crash comes just five months after […]
White House announces first press briefing in six weeks, ending record-length drought
White House Press Secretary Sarah Huckabee Sanders will brief reporters on Monday, ending the longest period without an official press briefing from Sanders since President Donald Trump took office. Sanders will appear alongside Russell Vought, the acting budget director, the White House said. The administration released its budget proposal for […]
This is how your employer can botch up your taxes
Sometimes your employer can derail your tax season. Earlier this year, employees received their Form W-2 from their employers, detailing how much they earned, what they contributed to any retirement plan and how much was withheld in taxes. You were supposed to get your W-2 by Jan. 31. Early-bird filers […]