President Donald Trump released an order Friday night banning most transgender troops from serving in military except under “limited circumstances,” following up on his calls last year to ban transgender individuals from serving. The White House said retaining troops with a history or diagnosis of “gender dysphoria” — those who […]
CNBC News
Fear grips US agriculture industry as China proposes hefty duties for pork, wine and fruit
U.S. agriculture is bracing itself potentially costly tit-for-tat trade retaliation between the Washington and Beijing that could hit everything from American pork to wine. “The producers of the commodities that are being targeted will probably feel the effects of it,” said Larry Karp, an agricultural economist at the University of […]
The creators of Apple Siri built a robot that can dismantle bombs or perform surgery
SRI International is developing a robot that can be used to dismantle bombs or perform surgery with a little help from virtual reality headsets. The non-profit research and development group in Silicon Valley previously created Apple’s Siri and the core technology used by Intuitive Surgical in its da Vinci systems. […]
Stocks now in downward spiral, as political risk becomes bigger threat than rising interest rates
Political risk has replaced rising interest rates as the bigger fear in the stock market for now, and concerns about trade wars or other White House drama will be the market focus in the week ahead. The stock market had its worst week since January 2016, in a violent sell-off […]
Cramer Remix: The one bright spot after a tough week
CNBC’s Jim Cramer welcomed Dropbox’s successful initial public offering on Friday as a reminder that even in a sell-off, good things can still happen. Shares of the cloud-based data storage company closed up over 35 percent after its first day of trading, at $28.48 a share, well above the company’s […]
Boeing reportedly set to win American wide-body jet order
Boeing is close to winning a keenly fought contest to supply 787 Dreamliner jets to American Airlines, beating European competition from the Airbus A330neo, three people familiar with the matter said. The deal, which remains to be finalized, also marks a victory for General Electric, whose engines are expected to […]
Cramer’s game plan: Be prepared for more White House chaos
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 […]
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 […]