Markets are more or less shrugging off the potential for a government shutdown, even though the odds for a closure seem higher than the last time Congress temporarily extended spending authority. Goldman Sachs economists on Thursday put 35 percent odds on a shutdown, higher than usual, as Congress and the […]
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AmEx dips after company says it will temporarily suspend buybacks after tax law
American Express announced it will be temporarily suspending its buyback program after the recent tax overhaul. In the company’s Thursday earnings release, CEO Ken Chenault said AmEx will suspend its buyback program for the first half of the year. The CEO said the company made this decision to rebuild its […]
IBM shares fall despite first growth in 23 quarters
IBM saw its stock go down more than 3 percent after it reported better-than-expected earnings for the fourth quarter and full year of 2017. The company will hold a conference call with analysts at 5 p.m. Eastern time. EPS: Excluding certain items, $5.18 in earnings per share vs. $5.17 in […]
Travis Kalanick is walking away with $1.4 billion as Uber’s deal with SoftBank closes
SoftBank completed its long-awaited investment agreement with Uber on Thursday, making SoftBank the company’s largest shareholder and providing a huge payday for co-founder Travis Kalanick and other early backers. “We’re proud to have SoftBank, Dragoneer and the entire consortium in the Uber family. This is a great outcome for our […]
Trump personally ordered restrictions for Bannon’s testimony, report says
President Donald Trump personally ordered Steve Bannon not to answer certain questions during his testimony to the House Intelligence Committee this week, Foreign Policy reported Thursday. The article said deputy White House counsel Uttam Dhillon presented legal rationale that the Trump administration might be able to limit the testimony of […]
Here’s how cities are reacting to being finalists for Amazon HQ2
Amazon has whittled down the list of finalists for its second headquarters to 20 metro areas, from a pool of 238 proposals. The contenders aren’t too surprising, as the front-runners identified by a CNBC analysis are still in the mix. Mayors and elected officials from the finalist cities are making […]
Bitcoin rallies more than 30% to briefly top $12,000 in latest wild swing
Bitcoin surged Thursday, recovering from a sharp sell-off to briefly top $12,000. The volatile digital currency hit a high of $12,045.09, up 30.9 percent from a low of $9,199.59 a day ago on CoinDesk. CoinDesk’s bitcoin price index tracks prices from Bitstamp, Coinbase, itBit and Bitfinex. Bitcoin traded about 27 […]
GE shares drop to 6-year low below $17
Shares of General Electric hit their lowest level since December 2011 on Thursday, briefly breaking below $17. The Dow component hit $16.96, a six-year low. It traded down 1.8 percent at $17.04 as of noon ET. The move lower follows a 4.7 percent decline on Wednesday and a 2.8 percent […]
Career rehab: The game plan for what to do when you hate your job
Before I became an author, speaker and career coach, I experienced career heartbreak with positions in both the federal government and private sector. I accepted information technology-related positions expecting innovative work, great work environments and excellent leadership, but more often than not, I was disappointed. For five years, I worked […]
5 leadership lessons that Elton John learned from his ‘darkest hours’
It’s safe to say that Elton John has excelled in life. Yet even with his award-winning music career and success at raising global awareness about HIV/AIDS, John admits he’s had his highs and lows career-wise. “There is never a straight line to success and there wasn’t for me,” the singer […]