Twitter said on Wednesday that it suspended an account for impersonating Russian President Vladimir Putin on the social media platform. “We suspended @putinRF–eng for impersonation based on a valid report we received from Russian officials,” Twitter said on Wednesday. Tweet: We suspended @putinRF_eng for impersonation based on a valid report […]
CNBC News
US criticizes China’s ‘egregious’ tariffs on American cars ahead of G-20 summit
U.S. Trade Representative Robert Lighthizer said on Wednesday that he was examining all available tools to raise U.S. tariffs on Chinese vehicles to the 40 percent duties that China is now charging on U.S.-produced vehicles. Lighthizer said in a statement criticizing China’s “egregious” tariffs on U.S. autos that he was […]
US manufacturers say Trump tariffs will bring higher prices, not more jobs
The Trump administration’s widening trade war will raise prices for U.S. consumers, but it won’t bring back many manufacturing jobs that have moved overseas. That’s what more than 800 companies said in a survey released Thursday by IHS Markit, a London-based economics research firm. When the administration ramped up tariffs […]
Non-bank lenders like Quicken Loans are ‘the biggest risk to the system’ right now, Jim Cramer warns
Federal Reserve Chairman Jerome Powell may have “blinked” in his Wednesday speech, saying that the Fed had “no preset policy path” for interest rates, but his work is far from over, CNBC’s Jim Cramer warned as stocks popped on Powell’s speech. “What’s the biggest risk to the system right now? […]
Lyft just hired a hotshot exec from McKesson to run its growing medical transport business
After a months-long search, Lyft has hired a leader for its growing health care business, which helps patients get rides to non-emergency medical appointments. The company is set to announce it’s hired Megan Callahan, formerly the chief strategy officer for Change Healthcare, a company that merged with McKesson in 2017, […]
Qualcomm CEO: We’re ‘on the doorstep’ of a resolution with Apple
Qualcomm and Apple — perhaps the closest the technology sector has to corporate “frenemies” — are “on the doorstep” of resolving their ongoing issues, Qualcomm CEO Steve Mollenkopf told CNBC on Wednesday. “We do talk as companies,” the CEO told Jim Cramer in an exclusive interview on “Mad Money.” Apple […]
Trump administration defends close Saudi ties as Senate moves to end US support for Yemen war
Two senior U.S. Cabinet members urged senators on Wednesday not to downgrade ties with Saudi Arabia over the murder of journalist Jamal Khashoggi, but lawmakers from both parties said they could not turn a blind eye to reports that the country’s de facto ruler was involved in last month’s killing. […]
Stocks still have one more hurdle before the ‘bullish promised land,’ Cramer says
Even though the Federal Reserve has now acknowledged the importance of data-dependent interest rate policy, CNBC’s Jim Cramer said Wednesday that the stock market isn’t quite out of the woods yet. Stocks soared after Fed Chair Jerome Powell’s Wednesday speech, in which the central bank chief said interest rates were […]
Battered-down bitcoin jumps 15%, lifting cryptocurrency market value by $20 billion
Bitcoin saw a double-digit rebound Wednesday after weeks of struggling to recover above the $4,000 mark. The world’s largest cryptocurrency spiked as much as 16 percent, hitting a high of $4,341.44, according to data from CoinDesk. The upward move was an abrupt turnaround from bitcoin‘s terrible Thanksgiving week. The cryptocurrency […]
A new study suggests women earn about half what men earn
Women may face a much wider wage gap than commonly cited data indicates, earning just half of what men earn over 15 years. That’s according to a new study by economists who analyzed the incomes of men and women who worked for at least one year between 2001 and 2015. […]