Fearing betrayal on a signature campaign issue, President Donald Trump‘s loyalists across the country are lashing out against his proposal to create a path to citizenship for nearly 2 million “Dreamer” immigrants. Trump-aligned candidates from Nevada and Virginia rejected the notion outright. The president’s most loyal media ally, Breitbart News, […]
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50 Cent ‘forgot’ his bitcoin—now it’s worth over $7 million
Rapper 50 Cent, also known as Curtis Jackson III, has reportedly amassed a small fortune in cryptocurrency. Jackson racked up about 700 bitcoins after agreeing to accept it as an alternative form of payment for his 2014 album “Animal Ambition,” according to TMZ. That stake is now worth over $7 […]
At Davos, top execs discuss the #MeToo movement and women at work
Women’s equality is a hot topic this week at the World Economic Forum in Davos, Switzerland, where global business and government leaders gather annually to discuss pressing social and economic issues. This year there have been dozens of panels and events on gender, diversity and inclusion, and two specifically focused […]
Apple’s guidance for this quarter could be really bad, BTIG analyst says
Apple will give a forecast for this current quarter that may shock investors, according to a BTIG analyst Walter Piecyk. “Smartphone upgrade rates remain at record low levels and do not appear poised to rebound in the first calendar quarter,” stated the analyst in a Friday note entitled “How bad […]
I see ‘irrational complacency’ in Davos, and asset ‘bubbles everywhere’ — billionaire Jeff Greene
The titans of global finance at the World Economic Forum are too optimistic about the stock market and the economy, American billionaire real estate investor Jeff Greene told CNBC on Friday. “There are 2,000 people [here], and I don’t think I’ve met one person who’s been negative,” Greene said on […]
Normally vocal hedge fund manager Bill Ackman takes a passive stake in Nike
Bill Ackman’s Pershing Square has taken a passive stake in Nike, a source tells CNBC. The activist hedge fund will not pressure the shoe apparel company for changes. CNBC was not able to clarify the size of the hedge fund’s Nike position. Ackman’s position in Nike was earlier reported by […]
Trump speaks at the World Economic Forum in Davos — WATCH LIVE
[The stream is slated to start at 8 a.m., ET. Please refresh the page if you do not see a player above at that time.] President Donald Trump speaks Friday during his first trip to the World Economic Forum in Switzerland, where he is expected to pitch investment in the […]
Trump: ‘I’m willing to shift more’ on DACA, and so are immigration hardliners in Congress
President Donald Trump on Thursday said he is “willing to shift more” on his border security and DACA demands if that’s what is required to reach an immigration deal that will pass Congress in February. This includes supporting a path to citizenship for approximately 1.8 million undocumented young people who […]
Trump talks tax cuts, the strong dollar, and the wall in an interview with CNBC
President Donald Trump sat down for an interview with CNBC’s Joe Kernen at the World Economic Forum in Davos, Switzerland. The president touched on an array of topics, including immigration reform, potential for re-negotiating multi-lateral trade deals, and the dollar. Read the full transcript of the interview below. JOE KERNEN: […]
WEF co-chair says Trump has helped to unleash a ‘wave of misogyny’
President Donald Trump has created, along with other male leaders, a wave of misogyny around the world, one of the co-chairs at the World Economic Forum (WEF) told CNBC on Friday morning. Sharan Burrow, the general secretary of International Trade Union Confederation and one of the seven female co-chairs of […]