The FBI said on Friday that a tip it received about accused Florida shooter Nikolas Cruz should have caused him to be assessed as a threat, but proper protocols were not followed and the information was not sent to its Miami office for follow-up. “Under established protocols, the information provided […]
CNBC News
Look for Apple’s upcoming buybacks, services and China business to vault the stock, says analyst
Wall Street is apparently done panicking over Apple. And now that the stock has bounced back from recent lows, three of the company’s advantages — popularity in China, a growing services business and war chest of cash — provide a clear path forward, according to GBH Insights analyst Dan Ives. […]
J.Crew has hired the Starbucks executive who transformed the coffee chain into a tech innovator
Adam Brotman, a longtime Starbucks executive who helped mold the Seattle coffee giant into one of the most technologically advanced retailers, is leaving the company after nine years for a top role at J.Crew. Brotman will join J.Crew as president and chief experience officer and report to new CEO Jim […]
Check out these Olympic Skeleton athletes and their super cool helmets
There may not be a Winter Olympics sport more terrifying than the Skeleton. This is the sporting event where athletes voluntarily hurl themselves head first down a curving ice track at speeds of over 80 mph — with no brakes! While most people may be too afraid to try it, […]
CNBC investigates public company that changed its name to Riot Blockchain and saw its shares rocket
As bitcoin hit record highs in late December, a hot new stock was making news on a daily basis. Riot Blockchain‘s stock shot from $8 a share to more than $40, as investors wanted to cash in on the craze of all things crypto. But Riot had not been in […]
Major apartment developer: ‘There is an acute crisis headed our way’
Scan the downtowns of the nation’s largest cities, and you are likely to see a staggering array of cranes. Most of them are helping to build luxury apartment buildings. In fact, multifamily construction is now at a 40-year high; the trouble is, developers are putting up the wrong kinds of […]
Waste Management CEO: 80% of company’s tax cut going back into the economy
Waste Management CEO Jim Fish on CNBC Friday disputed the narrative that major companies are using most of the new corporate tax cut to buy back stock. Fish cited the trash and recycling giant’s plans as case and point, saying the company he leads is giving special bonuses of $2,000 […]
Stocks making the biggest moves premarket: KO, KHC, CPB, DE, SJM, WYNN & more
Check out which companies are making headlines before the bell: Coca-Cola – The beverage giant beat estimates by a penny a share, with adjusted quarterly profit of 39 cents per share. Revenue also topped forecasts. Overall revenue was down as the company sells off its bottling operations, but organic sales […]
Olympic skier Ted Ligety races for gold on and off the slopes
When you watch the 33-year-old Utah native behind the starting gate at the Pyeongchang Olympics in the coming days, look beyond his scruffy good looks and check out his jazzy helmet and goggles once he starts careening down the icy course at speeds up to 80 mph. It is not […]
Make or break moment for market right here where failure could mean a ‘retest’ of the lows
Stocks have proved plenty in the past two weeks. They sustained their first 3 percent dip in 15 months and the first 10 percent correction in two years then quickly regain their footing The S&P 500 held crucial index levels such as the 200-day average and responded energetically to oversold […]