CNBC

Manufacturer of the Southwest plane's engine that exploded is about to recommend more inspections

Fri, 04/20/2018 - 19:23
CFM International is planning to issue a service bulletin on Friday, calling for more scrutiny of the type of engine that exploded on Southwest Flight 1380 this week.

Southwest offers apology, compensation to passengers

Fri, 04/20/2018 - 19:22
Southwest Airlines sent a letter of apology and is offering compensation to passengers who were on the flight that made an emergency landing in Pennsylvania.

BP oil spill still haunts off-shore drilling industry 8 years later

Fri, 04/20/2018 - 19:11
In advance of Earth Day, and on the anniversary of the BP Horizon disaster, it's time to reject off-shore oil drilling.

Colorado counties sue Exxon, Suncor over climate change

Fri, 04/20/2018 - 19:11
Colorado counties are filing a lawsuit that claims Exxon and Suncor contributed to climate change and harmed Colorado’s environment, US News reports.

A shocking number of millennials are going into debt to keep up with friends

Fri, 04/20/2018 - 18:41
Young people are spending money they don't have to keep up.

Likely New York Fed president says bitcoin 'doesn't pass the basic test' for a currency

Fri, 04/20/2018 - 18:39
The central banker expected to be the next head of the New York Fed doesn't think much of bitcoin.

The growth of cannabis culture could be bad news for beer: Analyst

Fri, 04/20/2018 - 18:38
The total U.S. cannabis industry will reach $75 billion by 2030, said Vivien Azer of Cowen.

Trump accused OPEC of jacking up oil prices. Here's what he means

Fri, 04/20/2018 - 18:35
OPEC's production-cutting agreement stopped an oil prices slide, but Trump appears to think it has gone too far.

How to form an LLC the right way, according to a man who makes a living blogging about it

Fri, 04/20/2018 - 18:33
Starting a business as an LLC is often a smart decision, but sometimes easier said than done.

Tesla shares fall on news of new probe into workplace injury

Fri, 04/20/2018 - 18:31
The news comes after Cal-OSHA opened an investigation into reports Tesla is not properly disclosing workplace injuries.

'Gradual' pace of rate hikes likely to hold for years, Fed's Williams says

Fri, 04/20/2018 - 18:28
The Fed is likely to stick to a "gradual" path of rate hikes, San Francisco Fed President John Williams said Friday.

Trump slaps OPEC for manipulating prices and his tweet wasn't just about higher gas prices

Fri, 04/20/2018 - 18:23
President Donald Trump's tweet slapping OPEC for high oil prices comes just weeks before he is set to make a decision on Iran, which could send oil prices even higher.

I just started a business with less than $1,000 and I have no idea what I’m doing

Fri, 04/20/2018 - 18:20
Making money online is easy to do, they say. I, Zack Guzman, am determined to find out for myself.

Analyst says Facebook damage is 'contained' despite a survey showing people are using it less

Fri, 04/20/2018 - 18:16
About 15 percent of users said in a poll that they will decrease their use of Facebook, said analyst Daniel Ives.

Fine for Barclays CEO likely less than $2 million: Sources

Fri, 04/20/2018 - 18:15
Barclays CEO Jes Staley will likely not pay more than $2 million in total fines to UK regulators for his attempt to discover the identity of a whistleblower, according to people familiar with the situation.

Rudy Giuliani: The new guy on Trump's legal team – and a target in Comey's book

Fri, 04/20/2018 - 17:56
In the book, Comey, who worked as an assistant U.S. attorney under Giuliani, likens his former boss to an "emperor."

GE sets aside $1.5 billion for investigation settlement after talks with the Justice Department

Fri, 04/20/2018 - 17:41
General Electric met with the Department of Justice last month to discuss the ongoing investigation into its now defunct WMC mortgage business.

GOP senators weigh plan to raid Social Security for paid family leave

Fri, 04/20/2018 - 17:37
New parents who want paid leave would have to take their Social Security later under this plan.

Sell Tesla shares because BMW, Audi competition is coming: JP Morgan

Fri, 04/20/2018 - 17:30
J.P. Morgan reaffirms its underweight rating for Tesla shares.

Tech dominates the S&P 500, but that's not always a bad omen

Fri, 04/20/2018 - 17:20
There are significant reasons to believe the weight today is fully justified, or even understated when considering the economic impact of technology.

Suze Orman: When buying a car, ‘plenty of you are being downright dumb'

Fri, 04/20/2018 - 17:19
Here's the mistake you could be making.

A rare, big fat zero for Vanguard Group in race to dominate fund investing

Fri, 04/20/2018 - 17:19
Vanguard group took in more than $70 billion in the first quarter, but the index giant did have one big failure.

Chuck Schumer announces plan to decriminalize marijuana in ongoing shift for Democrats

Fri, 04/20/2018 - 17:19
Schumer's support gives marijuana decriminalization a powerful voice as opinions on the substance become more favorable.

Former Overstock president predicts that cannabis will be as big as e-commerce

Fri, 04/20/2018 - 17:16
Stormy Simon's friends told her she was committing "career suicide."

Apple goes negative for the year

Fri, 04/20/2018 - 17:14
Apple shares have gone negative for the year, and the company is currently the worst-performing stock in the DJI.

Democratic Party sues Russia, Trump campaign and WikiLeaks for conspiring to disrupt 2016 election

Fri, 04/20/2018 - 17:10
The Manhattan federal court lawsuit claims that Trump campaign officials conspire with Russian officials and and spies to help Trump win the election.

Trump can't do much more than tweet about high oil prices if OPEC's power play with Russia holds: Yergin

Fri, 04/20/2018 - 17:07
The OPEC-Russia alliance is not ready to give up its renewed power to increase oil prices, says leading analyst Dan Yergin.

Skechers shares tank on weak outlook for the sneaker business

Fri, 04/20/2018 - 17:03
Skechers shares plunge after the shoe retailer issued a disappointing outlook for this quarter.

Russian billionaire’s superyacht worth nearly $500 million given to former wife in divorce case

Fri, 04/20/2018 - 16:59
A Russian oil billionaire has been ordered by the U.K.'s High Court to transfer a luxury superyacht worth nearly $500,000 to his ex-wife in one of Britain’s biggest divorce battles, the Financial Times reports.

Feeling nervous from stock market zigzagging? Here's what to do

Fri, 04/20/2018 - 16:59
Retirement savers who are worried about the ups and downs in the stock market should revisit their risk tolerance.

5 things to know about Kehinde Wiley, the artist behind Barack Obama's presidential portrait

Fri, 04/20/2018 - 16:56
"My hands were shaking when I was making this portrait because this is the real thing, this is it," Wiley said.

James Comey will speak at Amazon 'Fishbowl' event on Monday

Fri, 04/20/2018 - 16:55
Former FBI director James Comey will speak to Amazon employees on Monday.

Pivotal spikes in IPO before losing gains

Fri, 04/20/2018 - 16:50
Pivotal Software on Thursday said it sold 37 million shares of stock at $15 per share, raising $555 million in the initial public offering.

US executives eye deals in Brazil and Mexico after the region's economic rebound

Fri, 04/20/2018 - 16:49
Brazil, Mexico catch the eye of US execs as investment destinations after a sharp economic turnaround in Latin America.

5 tricks for paying for college

Fri, 04/20/2018 - 16:48
Attending college has a bigger financial impact on students' lives than ever before.

Xerox and Fujifilm said to be in 'active talks' about renegotiating deal

Fri, 04/20/2018 - 16:43
The $6.1 billion deal, announced in January, would combine Xerox into an existing joint venture with Fuji, but it drew opposition from prominent shareholders

The 3 key secrets to building wealth

Fri, 04/20/2018 - 16:42
Accumulating wealth doesn't have to be complicated.

Forget $100 oil. $75 is probably the ceiling this year, says Oman’s oil minister

Fri, 04/20/2018 - 16:37
Oil prices probably won't rise much beyond recent highs near $75 a barrel, according to Oman's oil minister.

How Janice Bryant Howroyd turned a $900 loan from her mom into a billion-dollar business

Fri, 04/20/2018 - 16:35
"'You're smart enough to figure out what's missing.'"

Meet the robot that's hiring humans for some of the world's biggest corporations

Fri, 04/20/2018 - 16:31
The robot will soon recognize emotions.

DOJ released James Comey memos on Trump. Here's what you need to know

Fri, 04/20/2018 - 16:25
Trump told Comey that former national security advisor Michael Flynn has "serious judgment issues."

Teens are using 'Fortnite' to ask out prom dates

Fri, 04/20/2018 - 16:24
Teens are using a popular video game, "Fortnite," to ask out their prom dates, USA Today reports.

Ex NFL star and pot-smoker Ricky Williams has a new line of cannabis products

Fri, 04/20/2018 - 16:19
"I realized that I was a healer," says Williams. Enter, Real Wellness by Ricky Williams cannabis products.

Bitcoin's latest climb brings post-Tax Day rally to more than 8%

Fri, 04/20/2018 - 16:17
Many cryptocurrency analysts attributed much of bitcoin's decline in the last two months to investors cashing out to pay taxes on last year's massive capital gains.

Big Wall Street banks saved $3.6 billion in taxes last quarter under Trump's new law

Fri, 04/20/2018 - 16:17
An analysis by The Associated Press shows the nation's six big Wall Street banks saved at least $3.59 billion in taxes last quarter, thanks to the recently enacted Trump tax law.

Another Florida school shooting leaves 1 injured, suspect in custody

Fri, 04/20/2018 - 16:15
Authorities say one student shot another in the ankle at a Florida high school and a suspect is in custody.

Cramer: GE's new CEO 'needs to be rewarded' for cleaning up its accounting

Fri, 04/20/2018 - 16:06
Jim Cramer says General Electric "stopped using GE accounting and started using American accounting."

Mortgage rates hit their highest point since last month in a 'threatening' move

Fri, 04/20/2018 - 16:03
Mortgage rates, which loosely follow the 10-year Treasury, hit their highest level since the end of March, breaking out of a tight range where they'd been sitting for weeks.

Throw out all of your romaine lettuce, it could have E. coli, CDC says

Fri, 04/20/2018 - 16:02
Federal authorities are urging people who bought chopped romaine lettuce in the United States to throw it away because it could get them sick, USA Today reported.

Porsche's head of powertrain development arrested, source says

Fri, 04/20/2018 - 16:01
German police arrested the head of powertrain development at Volkswagen's Porsche business, Joerg Kerner, based on inquiries into emissions manipulation.

Apple isn't going to trash the iPhone X, and it wasn't a failure

Fri, 04/20/2018 - 15:58
A note from Mirabaud analyst Neil Campling suggests Apple is going to kill the iPhone X, but Apple has said it's the most successful iPhone it's currently selling.

Trump fumed at former adviser Flynn over delayed return call to Russia's Putin

Fri, 04/20/2018 - 15:54
Trump's displeasure with Flynn was revealed late Thursday in memos written by former FBI Director James Comey detailing his conversations with Trump.

Bank of America downgrades Procter & Gamble on 'longer lasting' challenges

Fri, 04/20/2018 - 15:52
Bank of America Merrill Lynch downgraded Procter & Gamble to neutral from buy, based on the view it will be more difficult than expected for the business to grow.

A 36-year-old who learned to invest like Warren Buffett explains his No. 1 rule

Fri, 04/20/2018 - 15:32
She takes Buffett's advice to heart — and to the bank.

Building your dream home could send you to the hemp dealer

Fri, 04/20/2018 - 15:20
Hemp products represent a growing niche in the green building-materials industry, which posted 2017 revenues of $86.6B.

Big American tech companies are snapping up foreign-worker visas, replacing Indian outsourcing firms

Fri, 04/20/2018 - 15:13
U.S. tech companies might be relying more on H-1B workers, according to a new study. This as the study finds Indian outsourcing firms may be losing their stronghold on H-1B skilled worker visas.

That time Trump pretended to be 'John Barron' to lie about his wealth, as told by an ex-Forbes writer

Fri, 04/20/2018 - 15:12
President Donald Trump lied his way onto the Forbes list of richest Americans and used a fake persona to do so, according to a former writer for the magazine.

Alphabet is making three big changes in how it reports earnings on Monday

Fri, 04/20/2018 - 15:10
Alphabet's earnings will look a little different this quarter, including Nest moving out of "Other Bets."

Wells Fargo agrees to pay $1 billion to settle over loan abuses

Fri, 04/20/2018 - 15:05
The settlement, announced Friday with the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency, has been widely anticipated.

Amazon shares to rally another 15% as it captures the 'next wave' of online retail: Credit Suisse

Fri, 04/20/2018 - 14:53
Amazon's burgeoning cloud computing platform and its central retail business should lead to a "steady and iterative" year for the company, according to Credit Suisse.

Number of migrants dwindles down to 50 as the Mexico caravan reaches the US border

Fri, 04/20/2018 - 14:50
A group of 50 Central American migrants who set out from southern Mexico in late March have reached the U.S. border, having endured the long journey despite threats by President Donald Trump to secure the border with National Guard personnel.

Armada carrying US animal feed U-turns at sea because of China tariffs

Fri, 04/20/2018 - 14:48
Several ships carrying cargoes of sorghum from the United States to China have changed course since trade disputes have increased between the two countries.

Morgan Stanley: Apple stock may fall on 'materially' weaker iPhone sales, but then it is time to buy

Fri, 04/20/2018 - 14:40
Morgan Stanley lowers its June quarter iPhone estimate for Apple due to weak China data.

SunTrust Banks warns ex-employee may have tried to steal data on 1.5 million clients

Fri, 04/20/2018 - 14:37
SunTrust Banks said a former employee may have attempted to download information on nearly 1.5 million clients and share the information with a criminal third-party.

Facebook co-founder on his $430 million fortune: 'The only thing we can call it is a lucky break'

Fri, 04/20/2018 - 14:35
Chris Hughes was Mark Zuckerberg's Harvard roommate. He likes the idea of cash handouts for everyone.

Stocks making the biggest moves premarket: GE, HON, RF, WFC, MAT, SKX & more

Fri, 04/20/2018 - 14:30
Names on the move ahead of the open.

Russia says it might not stay committed to the OPEC oil deal until the end

Fri, 04/20/2018 - 14:19
Russia may not support the ongoing oil supply-cutting deal led by OPEC until the end of the year, Russian Energy Minister Alexander Novak told CNBC Friday.

Prince Charles reportedly to succeed Queen as head of the Commonwealth

Fri, 04/20/2018 - 14:13
Prince Charles was approved as the successor to Queen Elizabeth as head of the Commonwealth, Sky News reported.

Oil falls after Trump goes after OPEC in a tweet

Fri, 04/20/2018 - 14:13
Crude futures turned sharply lower after President Donald Trump said he would not tolerate OPEC boosting oil prices.

Trump touts Comey memos for showing 'NO OBSTRUCTION,' but resumes attack on fired FBI director

Fri, 04/20/2018 - 14:07
Trump tweets that Comey's memos "show clearly that there was NO COLLUSION and NO OBSTRUCTION."

Johnson & Johnson is betting on vision care and expanding beyond contacts

Fri, 04/20/2018 - 14:00
J&J has added surgical products and a contact subscription service to its existing lineup of Acuvue contact lenses.

Once-hot semi stocks just took a huge hit, and some see more pain

Fri, 04/20/2018 - 13:56
Some market watchers are forecasting further downside for chipmaker stocks.

One classic theory could be hinting at a short-term drop for stocks

Fri, 04/20/2018 - 13:37
One classic model has trader Todd Gordon predicting a short-term drop for stocks.

There’s an ‘interesting phenomenon’ happening with crude, and it could be sending a signal to bonds

Fri, 04/20/2018 - 13:23
How many times will the Fed hike in 2018? One market watcher says investors could look in an unusual place for a clue.

China aims to boost chipmakers as a trade war with the US looms

Fri, 04/20/2018 - 13:11
As a trade war with the United States looms, a government decision to accelerate the development of the domestic chip industry underlines how far those goals have fallen short.

Russia says Trump invited Putin to US during phone call

Fri, 04/20/2018 - 13:05
U.S. President Donald Trump invited his Russian counterpart Vladimir Putin to the United States during a phone call.

Gun safety advocates push legislation in states as Parkland fervor fades in DC

Fri, 04/20/2018 - 13:03
While Trump and Congress have made little ground, gun control advocates are making advances in blue states.

Analyst who nailed Twitter's sell-off two years ago just upgraded the stock to buy

Fri, 04/20/2018 - 13:00
MKM Partners' Rob Sanderson upgrades Twitter to buy from neutral.

Marijuana industry is poised for supercharged growth thanks to President Trump

Fri, 04/20/2018 - 12:54
The fast-growing marijuana industry appears poised for supercharged growth after winning what cannabis entrepreneurs see as approval from the Trump administration.

Judge to hear arguments about delaying the Stormy Daniels case

Fri, 04/20/2018 - 12:25
President Donald Trump's lawyer is asking a judge in Los Angeles to delay a court case brought by a porn actress who claims she had an affair with the president.

Apple's iPhone X will be killed off this year, analyst says

Fri, 04/20/2018 - 12:07
Weak guidance from top Apple suppliers suggests the iPhone X could be discontinued, according to a Mirabaud analyst.

Kushner Cos. is subpoenaed by the feds following a report the company filed dozens of false documents

Fri, 04/20/2018 - 12:04
The Kushner Cos. confirmed it was subpoenaed by for information related to an Associated Press report that the company filed dozens of false documents about its buildings in New York City.

General Electric earnings are coming — here's what the Street expects

Fri, 04/20/2018 - 11:55
General Electric is expected to report its first-quarter earnings before the bell Friday, amid a tumultuous start to the year.

Lance Armstrong agrees to $5 million settlement of government lawsuit

Fri, 04/20/2018 - 11:38
Former cyclist Lance Armstrong has agreed to pay $5 million to the federal government to settle the government's civil fraud lawsuit against him.

Pinnacle Foods shares surge after activist investor Jana takes 9.1% stake

Fri, 04/20/2018 - 11:19
Activist investor Jana Partners disclosed a 9.1 percent stake in Pinnacle Foods and said it would seek talks with the company on a range of subjects.

Man linked to 9/11 attacks on US is captured in Syria

Fri, 04/20/2018 - 11:11
A man linked to the Sept. 11, 2001, attacks on the U.S. was captured in Syria by U.S.-backed forces more than a month ago, the Pentagon said on Thursday.

Ericsson first-quarter loss shrinks as cost-cuts pay off; shares jump

Fri, 04/20/2018 - 10:16
Ericsson beat quarterly profit expectations on Friday as savings started to kick in, fueling hopes for a recovery at the struggling mobile equipment maker and sending its shares up 15 percent.

Scandal-hit 1MDB hasn't been contacted by international investigators, CEO says

Fri, 04/20/2018 - 09:44
1Malaysia Development Berhad is financially healthy, CEO Arul Kanda Kandasamy told CNBC.

Don't listen to the noise — it's not 'mission accomplished' just yet, Saudi oil minister says

Fri, 04/20/2018 - 09:42
OPEC kingpin Saudi Arabia warned oil traders on Friday that a dramatic upswing in crude futures was little reason to become complacent.

China's largest smartphone maker is working on an A.I. that can read human emotions

Fri, 04/20/2018 - 09:39
Huawei is working on an emotion AI that would make conversations more meaningful, the company's executives told CNBC.

China's ZTE warns US ban could threaten its survival but also hurt American firms

Fri, 04/20/2018 - 09:00
China's ZTE said Friday that a U.S. ban on exports to the technology firm could threaten its survival.

British regulators to fine Barclays CEO, monitor whistleblowing program

Fri, 04/20/2018 - 08:43
Barclays will now be required to report to U.K. financial regulators on certain aspects of their whistleblowing programs.

JPMorgan, National Bank of Canada, others test debt issuance on blockchain

Fri, 04/20/2018 - 08:37
JPMorgan is considering spinning off Quorum, its blockchain platform, because the technology has attracted significant outside interest.

India's blockbuster cricket league is beginning to rival even English soccer

Fri, 04/20/2018 - 08:20
The 2018 edition of the Indian Premier League is generating never-before-seen sums of money.

Russia is opposed to 'sanction-swapping' with the US — but is prepared to defend itself

Fri, 04/20/2018 - 08:17
Russia stands ready to retaliate against the latest round of U.S. sanctions, the country's Finance Minister Anton Siluanov told CNBC.

Protectionism is a 'historical mistake,' Spain's new finance minister says

Fri, 04/20/2018 - 07:59
Spain joined several other countries in voicing its opposition against rising trade tariffs and other protectionist attitudes.

Trade tensions are just one of the three biggest challenges for the global economy, IMF says

Fri, 04/20/2018 - 07:15
Tao Zhang, from the International Monetary Fund, discusses the three biggest challenges in the world economy.

Risks to the global economy will begin materializing in 3 years 'at the latest,' says UBS chairman

Fri, 04/20/2018 - 06:08
The world economy is set for one of its best years since the crisis, but risks loom, says UBS chairman Axel Weber.

Sweden, Mongolia, Pyongyang and more: Where a Trump-Kim summit could take place

Fri, 04/20/2018 - 05:39
Sweden, North Korea and Mongolia are potential locations for the high-stakes negotiations.

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