CNBC

Toys R Us built a kingdom and the world's biggest toy store. Then, they lost it.

Sat, 01/26/2019 - 06:00
The retailer failed to keep pace with changes, losing touch with shoppers and toymakers.

Rudy Giuliani is joining President Trump's personal legal team for the Mueller probe

9 min 20 sec ago
"I'm doing it because I hope we can negotiate an end to this for the good of the country and because I have high regard for the president and for Bob Mueller," Giuliani told The Washington Post.

Teachers union dumps Wells Fargo mortgage promotion for members over bank's gun-industry ties

14 min 20 sec ago
The union is part of a national wave of activism trying to get the firearms industry to improve gun safety and sales policies.

Lance Armstrong settles $100 million lawsuit with US government

19 min 20 sec ago
Lance Armstrong has reached a $5 million settlement with the federal government in a whistleblower lawsuit that could have sought $100 million in damages.

Amid the big energy rally, here’s why Schlumberger may be a buy ahead of earnings

20 min 20 sec ago
A bullish view on energy giant Schlumberger ahead of its earnings report, with Mark Tepper of Strategic Wealth Partners.

Brace for a 10-15% market correction this year, warns financial advisor

27 min 20 sec ago
United Capital CEO Joe Duran is sticking to his prediction of another correction for the S&P 500 before the end of the year

Trump appears to back off Rosenstein and Mueller, for now

32 min 20 sec ago
Trump told reporters that Rosenstein and Mueller are "still here" despite rumors about the president firing them.

Cuba’s new president: What to expect of Miguel Díaz-Canel

37 min 20 sec ago
Cuba has a new president – and for the first time in six decades, his last name is not Castro, and now Cuba must sort out the lines of authority between party and state, William M. LeoGrande explains in The Conversation.

China could end up hurting itself with trade action against US farmers. Here's how

1 hour 6 min ago
Beijing's tit-for-tat trade spat with Washington could come back to bite China when it comes to soybeans.

EPA Chief Scott Pruitt's aides and security agents spent $45,000 on trip to Australia

1 hour 22 min ago
Pruitt spent about $45,000 to fly five people to Australia to prepare for a planned trip that was later canceled.

Analysts worry Apple iPhone sales are even worse than they thought

1 hour 26 min ago
Bank of America Merrill Lynch and J.P. Morgan warns their clients iPhone sales may come in below expectations.

EU commissioner warns on trade: Protectionism threatens global growth

1 hour 31 min ago
International trade issues should be dealt with globally, Pierre Moscovici says.

Trump's divisive pick to run NASA wins narrow confirmation

1 hour 32 min ago
The Senate narrowly confirmed President Donald Trump's choice of Oklahoma Republican James Bridenstine to run NASA.

Amazon courts Pentagon with marketing blitz ahead of cloud contract decision

1 hour 33 min ago
Amazon is competing for what could be an extensive lucrative contract with the Department of Defense.

FDA commissioner to drug middlemen: You're part of the problem

1 hour 49 min ago
The FDA chief said he worries PBMs have been "complacent participants" in schemes to keep biosimilars off the market.

Trump says he will campaign for Marsha Blackburn in Senate race — after Bob Corker says he won't

1 hour 51 min ago
Trump aims to give a boost to Blackburn in a red-state race Republicans cannot afford to lose in November.

Retailers need both online and physical presence to survive: former Macy's CEO

1 hour 53 min ago
Retailers will need to have both an online presence and physical stores, says former Macy's CEO Terry Lundgren.

John Kasich's allies are reaching out to GOP mega donors, seeing if they’d back him in a run against Trump

2 hours 20 sec ago
Republican mega donors have indicated to Kasich's top political lieutenants that they are willing to back him over Trump under certain circumstances, sources told CNBC.

Criminal charges recommended for fired FBI official Andrew McCabe

2 hours 1 min ago
The DOJ's inspector general made the referral for criminal charges against McCabe.

Selling to America: the radical makeover of Goldman Sachs

2 hours 15 min ago
Goldman Sachs is looking for talent in unusual places because it is trying to pull off a radical makeover, offsetting persistent weakness in its core business of trading by pushing into lending, the Financial Times reports.

These ex-SpaceX engineers are helping scientists find cures for genetic diseases

2 hours 16 min ago
These ex-SpaceX engineers moved into the field of biology, which they say is undergoing a massive shift.

Small-cap stocks are quietly outperforming, and the run may continue — for now

2 hours 24 min ago
Small-cap stocks are just a stone's throw away from the recent all-time highs.

What to do if you missed both tax deadlines

2 hours 27 min ago
Time for Plan B.

Amazon will pay up to $12,000 for employees to study these 4 fields

2 hours 34 min ago
Associates can earn certificates and associates degrees in high-demand fields.

Trump allies reportedly fear his lawyer Michael Cohen will flip and cooperate with prosecutors

2 hours 36 min ago
Cohen is being investigated by federal authorities for potential crimes, and saw his properties searched last week.

SEC wants mom and pop investors to weigh in on investment-advice rule

2 hours 44 min ago
The SEC has proposed rules that aim to mitigate conflicts of interest by brokers working with retail clients.

Obama writes piece for TIME magazine praising Parkland students

3 hours 11 min ago
Former US President Barack Obama commended Parkland student activists for "speaking truth to power" in TIME magazine.

Southwest engine failure couldn't 'have happened at a worse time for GE,' former GE vice chair says

3 hours 23 min ago
The engine was manufactured by a joint venture of General Electric and France's Safran Aircraft Engines.

What's behind the big commodities rally, and why it could be just getting started

3 hours 29 min ago
The geopolitical turbulence and volatility putting downward pressure on stocks is working out just fine for commodities.

Walmart eases its dress code as labor market tightens

3 hours 44 min ago
Workers in a select number of Walmart's stores are now allowed to wear blue jeans.

AT&T CEO argues missing one technology cycle 'will make you sick for a very long time'

4 hours 1 min ago
AT&T CEO Randall Stephenson testified on Thursday in support of the telecom giant's proposed merger with Time Warner.

How legal weed reached a tipping point in time for 4.20

4 hours 2 min ago
As 4.20 comes around, Adam Bierman takes stock of three milestones that mark a tipping point for legal weed.

If you put $1,000 in Amazon 10 years ago, here’s how much you’d have now

4 hours 13 min ago
The company now reaches 100 million members worldwide.

Michael Cohen has a long history of dealing with business partners who have been convicted of crimes

4 hours 18 min ago
Long before Donald Trump’s attorney paid Stormy Daniels or had his office raided by the FBI, a pattern was established: The associates of Michael Cohen have often been disciplined, disbarred, accused or convicted of crimes, ProPublica reports.

JP Morgan reportedly had to oust a security chief backed by Palantir after executives found out he was spying on them

4 hours 19 min ago
J.P. Morgan Chase reportedly ousted its special operations head Peter Cavicchia III five years ago after learning that his insider security group had spied on the bank's top executives.

Bipartisan group in Congress joins fight to repeal tax on college endowments

4 hours 24 min ago
The effort comes as Ivy League universities, which will bear the brunt of the tax, ramp up their lobbying efforts.

It's turning out to be a great year for small cap stocks as they ride tax cut gains and avoid trade war tensions

4 hours 30 min ago
Small-cap stocks are crushing their larger peers so far this year and approaching all-time highs as the first-quarter earnings season gets underway.

More House seats are open than in at least a dozen years, but it's no slam dunk for Democrats

4 hours 32 min ago
Nearly 60 House members will not run for re-election this year, with most departures coming on the Republican side.

Business leaders explain why they love Amazon CEO Jeff Bezos' annual letter so much

4 hours 32 min ago
As Amazon continues to expand, propelling Bezos to the richest man in the world, his annual shareholder letters are drawing even wider appreciation among business leaders and executives worldwide.

Netflix is catching up to Disney, and one strategist says its gains aren’t done yet

4 hours 34 min ago
After adding billions of dollars in the last week, Netflix is edging closer to surpassing the Walt Disney Co.'s market cap.

A partner at Alphabet's GV venture arm says Silicon Valley is 'losing touch with reality'

4 hours 35 min ago
'The nerds have taken over the world. Now they're showing signs of being drunk on such power,' said GV partner M.G. Siegler.

Cannabis-derived drug clears hurdle on way to FDA approval

4 hours 36 min ago
Epidiolex would be the first drug on the market derived from the cannabis plant.

Amazon's 100 million Prime members will help it become the No. 1 apparel retailer in the US

4 hours 43 min ago
Amazon is expected to make a big leap in the apparel market this year.

Apple celebrates Earth Day by debuting Daisy, the recycling robot

4 hours 44 min ago
In advance of Earth Day, Apple on Thursday announced several new recycling initiatives and debuted Daisy, a recycling robot adept at disassembling iPhones.

The surprising reason Jeff Bezos loves bad reviews from ‘divinely discontent’ Amazon customers

4 hours 51 min ago
Amazon CEO Jeff Bezos explains the method that helps deal with bad reviews and "billions of dollars' worth of failures."

Better than a beach photo: Christie spends $85K on portrait

4 hours 53 min ago
That's more than taxpayers shelled out for paintings of his three predecessors combined.

Bitcoin 'miners' are losing money at any price below $8,600: Morgan Stanley

5 hours 4 min ago
If bitcoin can't recover $8,600 soon, bitcoin "miners" will likely find it unprofitable to keep creating the cryptocurrency, Morgan Stanley analysts said.

Clorox shares drop 5% after Morgan Stanley downgrades, says consumers shifting to smaller brands

5 hours 9 min ago
Shares of Clorox fall 5 percent after Morgan Stanley downgraded the stock, noting the company will face strong headwinds in the near future.

What happens when you don't pay off your credit card balance in full

5 hours 10 min ago
Paying only the minimum is a popular idea but not a good one.

Google is talking to companies about creating branded how-to videos for its smart assistant

5 hours 16 min ago
Google is pitching brands to sponsor videos for a new "how to" feature that it plans to launch for its smart assistant at its developer's conference in May.

Here’s how news jingles are created

5 hours 19 min ago
Music news themes can be traced all the way back to the 1900s when film studios began incorporating music and sounds in newsreels.

23andMe is asking users to share health conditions and review treatments

5 hours 19 min ago
23andMe wants users to rate their treatments for some conditions such as depression and asthma in a new feature.

A global chipmaking giant is blaming a slump in bitcoin mining for its lowered outlook

5 hours 20 min ago
A major Asian chip manufacturer that makes hardware for cryptocurrency mining blamed cryptocurrency uncertainty for its weaker than expected guidance for the second quarter.

This 24-year-old hosts one of NYC’s most posh supper clubs

5 hours 22 min ago
Jonah Reider, once known as the “dorm room chef,” runs NYC supper club, Pith, where tickets sells out in minutes.

No, the Michael Cohen investigation probably isn't 'the beginning of the end' of Trump's presidency

5 hours 22 min ago
It's hard to imagine an offense by President Trump rising to the level of impeachment, says Eric Yaverbaum.

Shares of suppliers to Apple drop after an iPhone chip partner predicts ‘weak demand’ for smartphones

5 hours 23 min ago
Taiwan Semiconductor Manufacturing said poor demand in the smartphone market is hurting its sales.

Sleep Number shares tank after sales fall more than expected on competition from online sellers

5 hours 27 min ago
Sleep Number shares dropped as much as 13 percent.

States where it takes the longest for millennials to buy a home

5 hours 28 min ago
In these 16 states, it takes more than five years to put together a down payment.

Jeff Bezos is 'particularly proud' of this Amazon employee benefit

5 hours 30 min ago
Amazon's Jeff Bezos says in annual letter the employee benefit he is 'particularly proud' of is education reimbursement.

Snap-On shares soar on strong earnings

5 hours 34 min ago
Shares of Snap-on soared over 9 percent following a favorable earnings announcement on Thursday morning, making it the biggest gainer in the S&P 500.

Death of former Trump adviser's father labeled suspicious

5 hours 34 min ago
Law enforcement is investigating the death of H.R. McMaster Sr., the father of President Donald Trump's former national security adviser.

'Fearless Girl' moving to NYSE after spending a year staring down 'Charging Bull'

5 hours 39 min ago
The 50-inch-tall statue of the girl with her hands on her hips drew praise and criticism

Investor Bill Gurley seems to have gotten over his hard year with Uber

5 hours 44 min ago
VC Bill Gurley explained in a blog post why he thinks Uber's biggest success is often overlooked.

Philip Morris on track for worst day in a decade as iQOS growth in Japan 'plateaus'

5 hours 47 min ago
Philip Morris has touted Japan as a success story for iQOS, its heat-not-burn tobacco product.

Bezos and Amazon, having already destroyed so much, may finally kill off Powerpoint

5 hours 51 min ago
Amazon founder and CEO JEff Bezos writes in his letter to shareholders that at Amazon, Microsoft Powerpoint is out.

Employees jump at genetic testing but experts warn it may not be a good idea

5 hours 54 min ago
Genetic disease risk screening is becoming a popular employee benefit. But experts say the tests may not be all that beneficial for the general population, the New York Times reports.

Nobody is happy with former FBI Director James Comey

6 hours 4 min ago
Voices from the left and the right slammed former FBI director James Comey over the revelations in his new book, "A Higher Loyalty," USA Today reports.

How to create custom responses for Alexa on your Amazon Echo

6 hours 12 min ago
Amazon rolled out a new feature on Thursday that lets you create custom responses for Alexa on your Amazon Echo. Here's how to do that.

How student loans are stopping millennials from buying houses

6 hours 12 min ago
Student loan debt has become a major barrier to home ownership in America.

Office sexual harassment policies lag behind the #MeToo movement

6 hours 24 min ago
The #MeToo movement's reach has been far and wide. But it still hasn't taken off in the office.

One of the men arrested at a Philly Starbucks: This is not a 'black people thing, it's a people thing'

6 hours 41 min ago
The two black men arrested at a Philadelphia Starbucks tell ABC they hope what happened to them never happens again.

Nestle and Unilever are finding it hard to raise the prices they charge retailers

6 hours 45 min ago
The multinational makers of everything are under pressure to boost revenues.

Facebook users' data exposed to web trackers when using its login feature for other sites: Report

7 hours 7 min ago
If you've logged into a website or app using the "login with Facebook" feature, your data could have been exposed to third-party trackers.

Earn 10 times more by switching to a high-yield savings account

7 hours 7 min ago
If your savings account isn't keeping pace with inflation, you are losing money.

Qualcomm slides after layoffs, regulatory challenges to NXP merger

7 hours 9 min ago
Sources tell CNBC Qualcomm is "very concerned" with the fate of an NXP Semiconductors deal.

Warren Buffett's partner Charlie Munger: Avoid these 5 things that ‘guarantee’ a life of misery

7 hours 13 min ago
The billionaire gave the speech to high school graduates in 1986.

Global trade has an issue with trust, IMF's Lagarde says

7 hours 19 min ago
The lack of trust among global trade partners must be fixed, IMG managing director Christine Lagarde told CNBC.

Pier 1 Imports' stock craters on disappointing earnings report

7 hours 22 min ago
Pier 1 Imports' stock plummeted Thursday morning after the company reported sales that missed analysts' expectations.

Trump's lawyer Michael Cohen drops libel suit against Buzzfeed and Fusion GPS over salacious dossier

7 hours 23 min ago
Cohen is accused in the dossier of attending a "secret liaison with the Kremlin" in Prague among other allegations.

Takeda in talks with Shire after $61 billion bid rejected

7 hours 27 min ago
Takeda is in negotiations with Shire to acquire the London company after an unsuccessful $61 billion bid.

US crude takes aim at $70 a barrel as oil stockpiles fall, gasoline demand hits record

7 hours 33 min ago
Oil hit three-year highs as falling crude stocks and strong gasoline demand boosted a market already on the rise.

Jamie Foxx learns high-speed tricks from his stunt-double in a Dodge Challenger

7 hours 40 min ago
"I know you won a Grammy and an Oscar," Leno tells him. "If you win the Indianapolis 500, I'm going to be pissed."

'Shark Tank' star Kevin O'Leary has an unusual splurge: $120 luxury underwear

7 hours 42 min ago
They're made from Egyptian cotton.

31-year-old self-made millionaire reveals the simple formula to his success

7 hours 54 min ago
"You don't have to reinvent the wheel."

Many people are not prepared for this $280K retirement expense

7 hours 56 min ago
Retiring earlier than expected could throw a wrench into retirement health costs. Here's how to plan for success.

Cuba parliament elects Miguel Diaz-Canel to replace Raul Castro as president

7 hours 58 min ago
Cuba lawmakers announced they had elected Miguel Diaz-Canel to replace Raul Castro as president, marking a new chapter for the Communist-run island.

Legendary inventor Dean Kamen jumpstarts human organ manufacturing in the US

8 hours 3 min ago
Legendary inventor Dean Kamen is working on a venture to manufacture human organs with the backing of the Pentagon

Parkland shooting survivor David Hogg nabs a book deal on the making of the #NeverAgain movement

8 hours 6 min ago
The book will chronicle the Parkland shooting and how students aimed to start a revolution to stop gun violence.

Kraken cryptocurrency exchange says it will not comply with New York inquiry

8 hours 20 min ago
Kraken co-founder and CEO Jesse Powell said the cryptocurrency exchange will not comply with the New York Attorney General's request for information.

Silicon Valley has a labor caste system. Workers at $2 billion firm SurveyMonkey want to end it.

8 hours 49 min ago
Survey Monkey is breaking from the Silicon Valley norm and providing benefits to contract workers.

US weekly jobless claims fell, indicating continued job growth after a slowdown in March

8 hours 49 min ago
New applications for U.S. unemployment benefits fell last week, indicating continued job growth after a slowdown in March.

Congrats, America. You've finally earned enough this year to cover your 2018 tax bill

8 hours 50 min ago
As of Thursday, Americans have earned enough money so far this year to cover their collective tax bill.

Russia demands compensation for US steel tariffs

8 hours 51 min ago
Moscow has joined other nations in seeking rebates from Washington via the World Trade Organization.

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