Senator James Inhofe on Wednesday said he agrees that EPA chief Scott Pruitt, his longtime friend and fellow Oklahoman, is hurting the president, has shown bad judgment and is making the entire administration look bad. The GOP lawmaker also suggested Pruitt’s deputy would be an acceptable replacement. Inhofe, who has […]
CNBC News
Cramer on Fed rate hike: ‘Owning stocks just got harder,’ but that’s no reason to panic
The Federal Reserve’s Wednesday interest rate hike — the central bank’s second for 2018 — shouldn’t stir legitimate worry among investors, CNBC’s Jim Cramer said Wednesday. As the Dow Jones industrial average fell nearly 120 points after the Fed implemented its quarter-point hike, Cramer argued that the widely anticipated move […]
The ties between tech and media are getting tighter — just look at their boards
The ties between tech and media keep getting tighter. A federal judge ruled Tuesday telecom giant AT&T could purchase media behemoth Time Warner, potentially paving the way for similar mergers. But the two sectors were already pretty linked — if only by their boards of directors. Industry leaders like Apple, […]
Bill Gross: Fund has recovered from worst day ever, still confident in his ‘trade of the year’
Bill Gross hasn’t changed his investing outlook since his bond fund took a beating recently. Investors just need to be patient for his trade to work out, he told CNBC on Wednesday. On May 29, the portfolio manager’s Janus Henderson Global Unconstrained Bond Fund had its worst day since its […]
Elon Musk just bought another $25 million in Tesla stock
Elon Musk just made another big bet on himself. Over the last two days, Musk has bought 72,500 shares of Tesla, when shares were trading at $342 to $347, according to an SEC filing. The total purchase is worth about $24.9 million. Tesla has an abundance of skeptics, but Musk […]
Fed’s Powell: Some companies say they are holding back on investment due to Trump’s trade conflicts
Federal Reserve Chairman Jerome Powell said some companies are anecdotally telling the central bank that they are holding off on investments and hiring because of Trump administration trade policies, but there are no signs of any economic impact so far. Powell, speaking at a press briefing, said he would not […]
Waymo has been testing self-driving cars with 400 riders in Phoenix. Here’s what they’ve learned
For slightly more than a year, 400 volunteers have tested out Waymo’s self-driving car service in Phoenix, Arizona, for free, letting the driverless vehicles whisk them to work, shopping centers, the bar, or anywhere else within a 100-square-mile radius. In that time, these riders have been filing the non-technical equivalent […]
Domino’s is taking on America’s crumbling infrastructure one pothole at a time
Domino’s is no longer just selling pizzas, it’s taking a stab at fixing America’s crumbling infrastructure. On Monday the pizza chain said it was partnering with towns and cities in the U.S. to fix potholes, with the goal of providing smoother rides for Domino’s delivery drivers. Hundreds of recently repaved […]
Haim found out they were paid 10 times less than a male act for the same gig—and fired their agent
Women earn less than men in nearly every industry, including the music industry. The three sisters who make up the band Haim have seen this first-hand — and decided they’d had enough. In an interview with Grazia Magazine, the band revealed that they were paid one tenth of what a […]
PayPal rival Adyen surges 90 percent in IPO with valuation topping $15 billion
Shares of Dutch fintech firm and PayPal rival Adyen surged nearly 90 percent on their first day of trade Wednesday in Amsterdam, in what is one of Europe’s biggest technology initial public offerings (IPO) in recent times. On Tuesday, Adyen priced its shares at 240 euros ($281.6), which was at […]