Hawaii Gov. David Ige says he was told within two minutes that the Jan. 13 missile alert sentwas a false alarm, but the “all clear” was delayed because he didn’t know his Twitter password. Ige told reporters on Monday that the reason his Twitter account was silent for 17 minutes […]
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Trump is right to take credit for the booming stock market, says billionaire Blackstone CEO Schwarzman
President Donald Trump‘s policies, including tax cuts, will provide a big boost to U.S. growth, Blackstone Chairman and CEO Steve Schwarzman told CNBC on Tuesday. “I think they’ll have a substantial impact on the economy,” Schwarzman told “Squawk Box” from the World Economic Forum in Davos, Switzerland. Schwarzman, who led […]
JPMorgan to raise pay, hire staff in $20 billion investment push
JPMorgan Chase said it would increase wages, hire more and open new branches as part of a $20 billion investment following the overhaul of the U.S. tax code. The bank will increase wages for 22,000 employees by an average of 10 percent, ranging from between $15 and $18 per hour, […]
Tesla’s Musk will be paid only if he reaches a series of jaw-dropping milestones. Otherwise, he makes nothing
For the last several years, there has been speculation about Elon Musk’s future at Tesla, and whether he would step down as chief executive in the next year or two. Mr. Musk stoked that speculation as far back as five years ago when he said he wanted to stay through […]
Uber CEO says leaks were ‘painful’ but ultimately ‘incredibly positive’
Uber’s chief executive said the litany of scandals which have plagued the company over the past 12 months will ultimately help to ensure it does the “right thing” in the future. Speaking at the World Economic Forum (WEF) in Davos, CEO Dara Khosrowshahi said he believed the media had played […]
Marc Benioff launches tirade against the leadership style of Silicon Valley
The leadership culture of Silicon Valley tech gurus has been slammed at the World Economic Forum in Switzerland. Speaking at a CNBC-moderated Davos panel titled “In Technology We Trust?,” Marc Benioff claimed that tech leaders need to modify their autocratic style. “We basically got to a point where the whole […]
Markets could suddenly turn and they don’t even need a trigger, Nobel-winning economist Shiller says
Stock markets might be continuing their run higher this year but Nobel Prize-winning economist Robert Shiller told CNBC Tuesday that a market correction could come at any time and without warning. “People ask ‘well what will trigger it (a market correction)?’ But it doesn’t need a trigger, it’s the dynamics […]
Uber CEO Dara Khosrowshahi talks tech at Davos
[The stream is slated to start at 9 a.m. GMT. Please refresh the page if you do not see a player above at that time.] The rise and rise of technology has meant that a host of new issues including automation, privacy and misinformation are now at the fore of […]
Oil CEO warns of a shock upwards in prices over the coming months, predicts $80 oil
Oil prices could soon soar toward $80 a barrel amid escalating concerns over falling output from one of Latin America’s biggest producers, Crescent Petroleum’s chief executive told CNBC Tuesday. Speaking at the World Economic Forum (WEF) in Davos, Majid Jafar, CEO of the United Arab Emirates–based oil and natural gas […]
Stop focusing on the 1% and start caring about the average worker, Blackstone’s Studzinski says
World leaders and media organizations should stop focusing on economic growth and the rise of the super-rich and start understanding the challenges of the average worker, John Studzinski, vice chairman of Blackstone Group, told CNBC Tuesday. Speaking on the sidelines of the World Economic Forum (WEF) in Davos, Studzinski said […]