It’s not just stocks that are falling. Despite a selloff in the stocks, the U.S. dollar, traditionally a haven in times of turmoil, is hovering near multi-year lows. It could see even more downside this year for two major reasons: Europe and China. The DXY U.S. dollar index ended January […]
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Harley tries to regain its coolness factor
Tiffany Camhi rolls up to work on her motorcycle. Despite the eye-catching entrance Camhi makes each day, the Northern California resident prefers smaller motorcycles. Her 1983 Yamaha Virago XV500 is less in-your-face than a Harley-Davidson. “I could never see myself on a Harley,” said Camhi. “They’re really loud and super […]
Super Bowl champs will win thousands—but they’d earn 130 percent more if they played baseball
On Sunday, the New England Patriots and the Philadelphia Eagles will go head to head in this year’s Super Bowl. For the players, a Super Bowl run doesn’t just mean glory. It also comes with a hefty bonus check. SB Nation crunched the numbers to determine approximately how much athletes […]
Natty Light is giving away $1,000,000 to help grads pay off student loans
Crack open a cold one, student debt holders. Natural Light, better known as “Natty Light,” the cheap beer of choice for college students across the country, wants to help grads pay off their student loans. The beer brand will be giving away $1,000,000 to help 25 lucky drinkers pay off […]
Kaz Hirai brought the ‘missing DNA’ back to Sony — now he’s stepping down as CEO
Sony has rediscovered its “missing DNA,” outgoing CEO Kaz Hirai has said. “We’re here to wow people,” Hirai told CNBC for Fortt Knox in January. “That was the missing DNA, and I think we had lost it somewhere along the way because we decided we’re going to compete on price […]
Bill Gates is teaming up with a top doctor to address health care deficiencies in developing nations
On the Money airs on CNBC Saturdays at 5:30 am ET, or check listings for air times in local markets. Philanthropist and billionaire Bill Gates, and acclaimed author and surgeon Atul Gawande started their careers going down very different paths. These days, the two are on a similar mission — […]
A rare phenomenon is gripping the market, and one fund manager at a $296B firm sees more pain ahead
Wall Street’s worst week in two years is creating anxiety that more losses are ahead for investors. Russell Investments’ Douglas Gordon suggested recently that feeling may be justified. He contended an unusual phenomenon is creating near-term challenges for the stock market. “You’ve got late stage in the expansion where you’ve […]
Trump claims the FBI memo’s release vindicates him, blasts Russia probe as an ‘American disgrace’
President Donald Trump on Saturday claimed vindication from the wide release of a secret Congressional memo on Russia’s efforts to influence the 2016 election, insisting that the document’s findings showed there was “no collusion” between his campaign and Moscow. Amid feverish speculation and resistance from the FBI and Congress, Trump […]
Amazon’s cloud is big enough to be the 5th-largest business software company in the world
Amazon’s cloud business has grown so quickly in the past decade that it’s now the fifth-largest business software provider in the world. Revenue at Amazon Web Services jumped 43 percent in 2017 to $17.5 billion, representing about one-tenth of Amazon’s total revenue, the company said this week. The only publicly-traded […]
Nunes’ Russia probe memo: Here are the main takeaways
Washington’s frenzied anticipation over the once-secret Republican memo was finally put to rest Friday when President Donald Trump declassified the document and the House Intelligence Committee posted it online. Here are the key takeaways from what’s known as the Nunes memo, whose text can be read here. The memo says […]