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 […]
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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 […]
Facebook launches 30-city Community Boost program
Facebook is rolling out a 30-city program it promised last year to help small businesses grow and workers gain the digital computer skills needed to find a job. The company is announcing the first five cities to get a visit from a crew of professionals as part of its Facebook […]
‘Potholes are everywhere’—fixing US infrastructure could take 40 years, says Chamber of Commerce CEO
Getting Congress to pass what President Donald Trump hopes to be a $1 trillion package to fund U.S. infrastructure upgrades would be just the first step in a decadeslong endeavor, U.S. Chamber of Commerce CEO Tom Donohue told CNBC on Thursday. Infrastructure in the United States is “25 years behind […]
Intel’s security patches are causing computers to randomly restart
Intel confirmed late on Wednesday that its patches to fix processors affected by the Spectre and Meltdown security exploits are causing computers to suddenly reboot on their own. Intel originally noted this on Jan. 11 when it said users had reported random reboots on systems that are powered by Intel […]