A senior administration official says President Donald Trump has prepared a request to Congress for an initial $5.9 billion package in Harvey recovery aid. The official says the White House proposal, which is not final, would make sure there’s plenty of money available for immediate recovery efforts over the next several weeks. The White House […]
Read moreAsia traders on Friday will be looking to a sliding dollar and advancing U.S. equities following the release of stateside data. Other major news from the U.S. included Treasury Secretary Steven Mnuchin saying that a “very detailed” tax plan had been prepared by President Donald Trump’s administration. In the Thursday interview with CNBC, Mnuchin also […]
Read moreCNBC’s Jim Cramer has been known to take fantasy football way too seriously, and on Thursday, he took it to the next level. “It’s time for me to show my reality, not fantasy, but reality stock team, the one I drafted in my head last night while I was busily putting together what could be […]
Read moreTo counter the rising interest in exchange-traded funds, or ETFs, CNBC’s Jim Cramer wanted to explain why individual companies do still matter to these funds and the overall market. “What was behind the incredible rally in non-FANG tech yesterday?” the “Mad Money” host asked on Thursday. Cramer argued that it wasn’t Warren Buffett’s endorsement of […]
Read moreAs commodity watchers mark every turn of the crisis in Houston, the nation’s energy capital, Ingevity President and CEO Michael Wilson offered CNBC a promising take on the state of the oil market. “When we saw the collapse in oil prices back in 2015, we saw demand destruction. What we did is we went back […]
Read moreCNBC’s Jim Cramer has been known to take fantasy football way too seriously, and on Thursday, he took it to the next level. “It’s time for me to show my reality, not fantasy, but reality stock team, the one I drafted in my head last night while I was busily putting together what could be […]
Read moreBlake Ross, the founder of Firefox and a former Facebook executive, will join Uber to develop product strategy, Uber confirmed on Thursday. Ross posted on Facebook that he would work with Uber part-time from Los Angeles. He’s been an outspoken Uber-watcher on social media, posting about the company’s self-driving trucks and even suggesting that Salesforce […]
Read morePresident Donald Trump is expected on Friday to eliminate a program protecting young people brought to the United States illegally as children from being deported — a move that’s drawing fierce criticism from the tech industry. The program in question is called Deferred Action for Childhood Arrivals, and since it was implemented under former President […]
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Goldman Sachs predicts two U.S.-listed Chinese stocks, Momo and YY, will surge double-digits on the rapid growth of the video livestream market there. “China is leading the world in live streaming – where individuals broadcast themselves singing, chatting or even eating,” equity research analyst Fan Liu and a team of other analysts said in a […]
Read moreElectronics giant Samsung is the latest company to get the go-ahead to test self-driving cars on California’s public roads. That’s according to the list of companies who’ve agreed to the terms of the Autonomous Vehicle Tester Program from the California Department of Motor Vehicles, which was updated Wednesday. Samsung joins companies such as Apple, Bosch, […]
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