CNBC’s Jim Cramer was disheartened to see the market tumble again on Friday after a week of Washington turmoil turned stocks sour. “I hate to say it, but I honestly think the president’s become pretty frightening to investors in the stock market,” the “Mad Money” host said. “Maybe if things […]
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Uber’s self-driving cars were struggling before fatal crash
Uber’s robotic vehicle project was not living up to expectations months before a self-driving car operated by the company struck and killed a woman in Tempe, Ariz. The cars were having trouble driving through construction zones and next to tall vehicles, like big rigs. And Uber’s human drivers had to […]
North America’s largest steel tube CEO says tariffs are first step in revamping trade
President Donald Trump‘s steel and aluminum tariffs are only the first step in re-evaluating trade, said a steel industry CEO. “We think this is the first round of those type of negotiated solutions, which will probably be a combination of tariffs and quotas,” Barry Zekelman, executive chairman and chief executive […]
Justice Department proposes rule that would effectively ban bump stocks
The Justice Department is proposing rule changes that will effectively ban bump stocks, devices that allow semi-automatic weapons to fire like a machinegun, U.S. Attorney General Jeff Sessions said on Friday. “After the senseless attack in Las Vegas, this proposed rule is a critical step in our effort to reduce […]
Start-up factory Y Combinator notched its first IPO with Dropbox, and others are on the horizon
Y Combinator, the influential start-up accelerator, almost passed on a chance to invest in Dropbox because it had misgivings about bringing on a solo entrepreneur. After Drew Houston, the creator of Dropbox, scrambled to find a co-founder in time for his in-person interview, the company was admitted into YC in […]
Veteran trader Art Cashin: ‘We need things to calm down’ in DC to get market going
For the stock market to rebound, it is going to need a change in tone from the nation’s capital, closely followed trader Art Cashin told CNBC on Friday. The Dow Jones industrial average dropped nearly 425 points Friday and posted its worst week since January 2016. “We need things to […]
Conservatives rip Trump for signing massive spending bill that ignores many of their priorities
Some of the nation’s loudest and most prominent conservative voices tore into President Donald Trump on Friday, lambasting the president over his decision to sign a $1.3 trillion omnibus spending bill just hours after he threatened to veto it. The attacks represented a swift about-face from a group that typically […]
Trump touted his spending bill as a blessing for the military. Here’s what the Pentagon is getting
After teasing a potential veto of the colossal $1.3 trillion omnibus, President Donald Trump signed the spending bill into law Friday, touting it as a “matter of national security.” “We had no choice but to fund our military because we have to have by far the strongest military in the […]
Warren Buffett recommends investing in index funds — but many of his employees don’t have that option
This article was co-published with The Washington Post. Warren Buffett, the most successful investor of our time, is a huge fan of low-cost index funds — funds that replicate a market index rather than try to outperform it — as the way for the average investor to succeed in the […]
UK High Court grants Cambridge Analytica search warrant to ICO
A British High Court judge has granted an application by the country’s data protection watchdog for a warrant to search Cambridge Analytica’s London offices, the Information Commissioner’s Office (ICO) said on Friday. “We are pleased with the decision of the judge, and we plan to execute the warrant shortly,” an […]