China’s move to lower tariffs on imported autos and vehicle parts is a step in the right direction, but it’s a tiny one. The news China would lower tariffs on some imported vehicles by 10 percent drove shares of U.S. automakers Ford, GM and Tesla higher in Tuesday morning trading. The decision is encouraging for […]
Read moreMark Zuckerberg is meeting with European Union leaders Tuesday in his third appearance before regulators to address Facebook‘s Cambridge Analytica scandal. The social media founder and CEO spent 10 grueling hours before the U.S. Congress last month. He’s likely to face harsher questioning from European leaders, who have historically been tougher on Silicon Valley and […]
Read moreMark Zuckerberg is meeting with European Union leaders Tuesday in his third appearance before regulators to address Facebook‘s Cambridge Analytica scandal. He’s likely to face harsh questioning about widespread abuse on the platform and foreign meddling in world elections. The meeting will be lived streamed on CNBC starting at 12:15 p.m. ET. Here’s some of […]
Read moreIf you’re a recent college graduate or headed into your senior year of school and wondering where your generation is looking for work, here’s a tip: try IBM, JP Morgan Chase, Amazon, Tesla and Deloitte. Those firms receive more entry-level job applications from college students than any other companies. That’s according to a new annual […]
Read moreTrump's hawkish national security advisor John Bolton jumps into the White House's China trade talks
As the U.S. and China continue hashing out trade negotiations, a new player has joined the fray: President Donald Trump‘s national security advisor, John Bolton. A National Security Council official told CNBC that it was only “natural” that Bolton be involved in recalibrating the U.S. trade relationship with China. “Rebalancing trade and investment relations are […]
Read morePaul Tweed made his name suing news organizations like CNN, Forbes and The National Enquirer on behalf of Hollywood movie stars, winning high-profile cases for celebrities like Britney Spears and Justin Timberlake by hopscotching among Belfast, London and Dublin to take advantage of their favorable defamation or privacy laws. So it was telling last year […]
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One of the main ways hedge funds make money is betting against companies they believe are overvalued, so investors should be wary of stocks with high levels of so-called short interest. Goldman Sachs listed which stocks professional managers are short selling the most in its latest “Hedge Fund Trend Monitor” report by Ben Snider on […]
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Secretary of State Mike Pompeo has announced a list of a dozen demands that Iran must meet before the United States lifts punishing sanctions against the country. However, the list is a non-starter and raises the specter of a prolonged standoff in the world’s busiest oil exporting region. Pompeo articulated the list at the conservative […]
Read moreThe American Civil Liberties Union and other privacy activists are asking Amazon to stop marketing a powerful facial recognition tool to police, saying law enforcement agencies could use the technology to “easily build a system to automate the identification and tracking of anyone.” The tool, called Rekognition, is already being used by at least one […]
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Investors and policymakers have gone looking for inflation over the past decade and largely have come up empty. It could, however, come barreling at them soon like an 18-wheeler. Multiple signs of inflation in freight-related industries are at or near historical highs, in what could be an early sign that price pressures are building and […]
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