The economy is a bigger challenge to the stock market than a possible trade war, veteran strategist Jim Paulsen told CNBC on Friday. He anticipates real gross-domestic-product growth will hit 4.5 percent in the second quarter. On top of that there is a tight labor market, with the unemployment rate […]
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About 2,000 immigrant minors separated from families under Trump’s ‘zero-tolerance’ policy
About 2,000 children have been separated from their families at the border over a six-week period during a crackdown on illegal entries, according to U.S. Department of Homeland Security figures obtained by The Associated Press Friday. The figures show that 1,995 minors were separated from 1,940 adults from April 19 […]
‘This is not a pretend trade war,’ analyst says
Looming trade war fears have been replaced with an actual trade war, John Rutledge, chief investment officer at Safanad, told CNBC on Friday. “This is a trade war. This is not a pretend trade war,” he said on “Power Lunch.” “This is not something where people are just bluffing,” said […]
Time Warner is changing its name to WarnerMedia, and the CEO of Turner is leaving
Time Warner is changing its name to WarnerMedia now that its $85 billion deal with AT&T has closed, and Turner CEO John Martin is departing the company, according to an internal memo from an AT&T executive. The memo, written by John Stankey, the new head of Time Warner, outlined a […]
Feds pieced together Trump fixer Michael Cohen’s shredded documents, retrieved encrypted texts
Federal investigators were able to piece together about 16 pages of shredded documents seized during a raid on President Donald Trump‘s former lawyer and fixer, Michael Cohen, a court filing Friday revealed. Prosecutors also now have been able to read more than 700 pages of messages and call logs from […]
Comcast and Disney should stop fighting over Fox and split it up — but they probably won’t
The irony of the Comcast-Disney battle to buy the majority of 21st Century Fox is that CEOs Brian Roberts and Bob Iger could both walk away happy. All they’d have to do is split up Fox. And yet, it doesn’t look like that’s going to happen. Disney wants Fox’s movie […]
Google is still overwhelmingly white and male, diversity report shows
Google’s annual diversity report reveals that the company’s workforce is still largely white and male and that it made very little progress in the last year to change the ratios. The report’s publication follows last week’s annual shareholder meeting, where employees bucked the company to advocate for more diversity, and […]
Pregnancy discrimination is rampant inside America’s biggest companies
American companies have spent years trying to become more welcoming to women. They have rolled out generous parental leave policies, designed cushy lactation rooms and plowed millions of dollars into programs aimed at retaining mothers. But these advances haven’t changed a simple fact: Whether women work at Walmart or on […]
General Motors considering listing shares of Cruise self-driving unit: Report
General Motors is considering listing shares of its Cruise autonomous driving technology unit, according to a report from Bloomberg that cites unnamed sources. The biggest American automaker is talking to banks about options for the unit, including listing a separate stock or spinning it off from GM, the report said. […]
A year after Amazon announced its acquisition of Whole Foods, here’s where we stand
Things are changing outside of Whole Foods, too. The industry is not only scared by the marriage of Whole Foods and Amazon, it is also now facing the infiltration of European competitors Aldi and Lidl, discount grocers that are attacking traditional grocery stores on price. Kroger’s stock dropped from $31 […]