Secretary of State Mike Pompeo says the United States is willing to help North Korea with its economy if the North gets rid of its nuclear weapons. Pompeo is holding a joint news conference with South Korean Foreign Minister Kang Kyung-wha. He’s speaking the day after he returned from Pyongyang […]
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Jeff Bezos leads new list of the world’s 10 most powerful CEOs
This week, Amazon CEO Jeff Bezos was named the world’s most powerful CEO by Forbes. The tech mogul also took the No. 5 spot on the Forbes ranking of the “World’s Most Powerful People” of 2018, ahead of Pope Francis and Microsoft co-founder Bill Gates. It’s been a big year […]
Top Democrats accuse Trump of ditching a key campaign promise on drug prices
Shortly before he took office last year, President Donald Trump accused the pharmaceutical industry of “getting away with murder.” As a candidate in 2016, he backed the idea of the government negotiating directly with drugmakers to lower Medicare drug prices. The proposal, which broke with most Republicans, became one of […]
US and United Arab Emirates strike deal resolving airline competition feud
The United States and the United Arab Emirates signed a deal Friday to resolve a years-old spat over alleged Emirati government subsidies to its airlines and accusations of unfair competition in the U.S. After months of negotiations, the deal was signed in private at the State Department by Assistant Secretary […]
Watch SpaceX launch its enhanced Falcon 9 rocket, intended to be reused 100 times
[The stream is slated to start at about 3:55 p.m. ET. Please refresh the page if you do not see a player above at that time.] SpaceX is set to launch Friday evening from Florida, flying an enhanced version of its Falcon 9 rocket for the first time. Elon Musk‘s […]
PRO Talks: Money manager Joe Fahmy says the bull market is entering an ‘acceleration phase’
Money manager Joe Fahmy thinks the ongoing bull market in equities has just entered an acceleration period and should prove more volatile in the months to come. In an exclusive interview for CNBC PRO with Mike Santoli, Fahmy defended his belief that the current bull market in stocks is only […]
Gasoline prices could see summer spike, with prices at 4-year highs and record demand
Already expected at four-year highs,gasoline prices could be be especially vulnerable to spikes this summer, with demand at record highs and refineries running full throttle. Gasoline prices are expected to peak at a national average of around $3 per gallon by the Fourth of July holiday. But with summer driving […]
Here’s everything Elon Musk told reporters about the rocket that will fly twice within 24 hours
SpaceX founder Elon Musk took questions before the company launches the new version of its Falcon 9 rocket known as Block 5. Musk dove into a plethora of new information and technical data, detailing the goals and upgrades for the workhorse orbital-class rocket, which has become the company’s backbone. Here […]
With Steve Wynn gone, the ‘Queen of Las Vegas’ does boardroom battle
Elaine Wynn, known as the Queen of Las Vegas for her long involvement with Mirage and Wynn Resorts, the casino and resort companies she founded with her ex-husband Steve Wynn, might seem an unlikely champion of shareholder rights and good corporate governance. She’s better known as a philanthropist (school reform, […]
Twice as many single women are buying homes as men
Women’s pay may still lag behind that of their male counterparts on average, but single women are taking the lead when it comes to purchasing real estate. In fact, single women are buying homes at twice the rate of single men, and they have been for at least a few […]