When Facebook asked the Federal Election Commission for a waiver from disclosure rules on political advertising in 2011, its request was backed in force by Republicans and Democrats alike. But six years after both parties’ national and Congressional leadership committees helped Facebook secure the exemption, the friendly landscape in Washington has shifted dramatically against the […]
Read moreStanley Black & Decker plans to add drones to its commercial security business, and is developing drone-based systems in partnership with a startup called Sunflower Labs, CNBC has learned. Best-known for its power tools, Stanley Black & Decker generated some 18% of its revenue last year from security products including electronic locks, perimeter sensors and […]
Read moreU.S. equities advanced and the greenback rose following the unveiling of a long-awaited tax reform plan stateside ahead of Asian trade on Thursday. A highly-anticipated plan to reform taxes in the U.S. was released by Republicans on Wednesday. The framework proposed bringing the corporate tax rate to 20 percent from 35 percent and reducing the […]
Read moreRoku set its IPO price at $14 per share, according to Dow Jones, which would give the video streaming device maker a $1.3 billion stock market value when it debuts on Thursday. Roku filed its IPO prospectus earlier this month. The company generated $199.7 million in revenue during the first six months of this year, […]
Read moreCurrency, United States Finance
HSBC to let UK customers manage different bank accounts on one screen with new app
A new app by HSBC will allow U.K. customers to view bank accounts they have with different providers, in a major step towards meeting new European Union rules. The retail lender said Thursday it will introduce the HSBC Beta app from late October onward. It will initially be available to 10,000 HSBC customers. As a […]
Read moreKnowing when rallies are sustainable is critical to any investor’s portfolio, so CNBC’s Jim Cramer looked back on his decades of experience to pinpoint exactly what makes a rally trustworthy. “There are such things as bad rallies,” the “Mad Money” host warned. But Wednesday’s jump on President Donald Trump’s announcement on tax reform was not […]
Read moreAs Lululemon Athletica outperforms its struggling rivals, CEO Laurent Potdevin told CNBC that brick-and-mortar retail won’t fade into obscurity anytime soon for one simple reason. “If you think about the evolution of how people lead their life and the evolution of athletic, mindful lifestyle[s], we know for a fact that people continue to crave human […]
Read moreAfter months of hearing about scandals at Uber and the privately-held company’s very public search for a new CEO, CNBC’s Jim Cramer finally found something to be pleased with. “I spend a lot of time criticizing boards of directors for failing to fire chief executives who’ve so obviously done a poor job of creating value […]
Read moreAfter a hack at Equifax potentially put the information of 143 million U.S. consumers at risk, Palo Alto Networks Chairman and CEO Mark McLaughlin shed light on the measures the firm could have taken to ensure it was protected. “Companies have been running very siloed, disparate capabilities for a very long time, and that’s what […]
Read moreKnowing when rallies are sustainable is critical to any investor’s portfolio, so CNBC’s Jim Cramer looked back on his decades of experience to pinpoint exactly what makes a rally trustworthy. “There are such things as bad rallies,” the “Mad Money” host warned. But Wednesday’s jump on President Donald Trump’s announcement on tax reform was not […]
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