Beijing’s threat to impose a 25 percent tariff on American soybeans is causing uneasiness in the farm belt ahead of the White House’s expected decision Friday to announce new duties on hundreds of Chinese products. “I am nervous to think about the scenarios of what’s going to happen if it […]
CNBC News
‘Fake law’: Russian company accused of election interference vents rage at Mueller
A Russian company indicted for allegedly funding attempts to meddle in the 2016 presidential election tore into special counsel Robert Mueller Thursday, calling him “unlawfully appointed” and accusing him of chasing a “make-believe electioneering case.” The searing court document was filed in response to Mueller’s request that a judge grant […]
China regulators approve Qualcomm’s $44 billion merger with NXP
Chinese regulators have approved Qualcomm‘s proposed US$44 billion merger with NXP Semiconductors, South China Morning Post reported on Thursday, citing people with knowledge of the matter. The decision by China’s Ministry of Commerce clears a months-long antitrust roadblock caused by trade tensions between the United States and Beijing and will […]
Watchdog report on FBI’s Clinton email probe discredits yet another Deep State conspiracy theory
Another Deep State conspiracy theory hyped by President Donald Trump and his Republican allies has withered under scrutiny. In February, it happened with the so-called “Nunes memo” that the White House had hoped would discredit the FBI investigation into connections between Trump campaign advisors and potential Russian agents. The memo, […]
Adobe CEO: We want to have the only ‘end-to-end solution’ for video, immersive media like AR
While Shantanu Narayen doesn’t see his company, Adobe Systems, as a monopoly despite some Wall Street criticism, he does want it to offer the only true “end-to-end solution” for digital creators, the chairman and CEO told CNBC on Thursday. “I think creativity will continue to be this incredible opportunity for […]
Immigration agents arrest 162 in crackdown targeting convicted criminals in California
Several gang members and individuals with previous convictions for manslaughter, rape and assaulting law enforcement officers were among 162 people arrested by U.S. Immigration and Customs Enforcement during a three-day action in the Los Angeles area, federal authorities announced Thursday. The arrests targeted “at-large criminal aliens, illegal re-entrants and immigration […]
Eli Lilly CEO: ‘It’s time for a change’ in the drug pricing system
As prescription drug prices continue to soar, Eli Lilly and Company CEO David Ricks told CNBC that reducing the gap between list prices and what consumers pay is a “good idea.” “It’s time for a change of the system,” Ricks told CNBC’s Meg Tirrell on “Power Lunch” Thursday. “With the […]
The business of the World Cup – who makes money and how much?
The 21st FIFA World Cup kicked off Thursday in Moscow, with billions of people expected to watch soccer’s superstars play for national pride in the world’s most prestigious tournament. The World Cup is the most lucrative and costliest soccer event because those who pay for the tournament are not necessarily […]
House GOP immigration bill includes pathway to citizenship for ‘Dreamers’ and border wall funds
House Republicans unveiled a draft immigration bill Thursday that includes a pathway to citizenship for young immigrants brought to the U.S. illegally as children as well as border security measures sought by President Donald Trump, according to multiple reports. The 293-page legislation circulated to Republican members of Congress would notably […]
Amazon is stacking Whole Foods with execs to weave it into Jeff Bezos’ broader vision
A year after Amazon‘s $13.7 billion purchase of Whole Foods, the organic grocer’s outspoken CEO, John Mackey, remains at the helm. But Amazon isn’t leaving Mackey, who co-founded Whole Foods in 1980, in control of the integration or the future of the business. According to an organization chart viewed by […]