A former software engineer at Uber Technologies filed a lawsuit on Monday against the ride-hailing service on Monday, claiming she was subjected to years of sexual harassment there and subjected to retaliation for complaining about it. The lawsuit by Ingrid Avendano provides an early test of Uber’s new policy allowing people claiming sexual harassment and […]
Read moreSelf-driving cars are scaring more Americans than they used to. More people now say they would not ride in a fully autonomous car than those surveyed in late 2017, according to AAA. Some 73 percent of U.S. drivers surveyed by AAA said they would be afraid to ride in a self-driving vehicle, a 10 percent […]
Read moreDonald Trump’s approach to foreign relations has never been subtle. But the president’s recent declarations about leveling the trade playing field with China, premised on market competition, are more political than economic, the chief executive of Barings said Tuesday. “It’s definitely about voters now and that’s where you get the rhetoric,” Tom Finke, CEO and […]
Read moreCurrency, United States Finance
UK government looks to force open $640 million fund untouched since 1928 to pay off national debt
The U.K. government will go to the country’s highest court Tuesday in a bid to force open a £475 million ($640 million) charity fund set up 90 years ago with the intention of paying off the national debt. The “National Fund” was opened in 1928 by an anonymous benefactor who donated £500,000, but on the […]
Read moreA concerning disconnect may be emerging between equities and the market’s measure of volatility, according to one portfolio manager. Dennis Davitt of Harvest Volatility Management told CNBC’s “Trading Nation” he’s carefully watching the Cboe Volatility Index, widely considered the market’s “fear gauge” as it measures equities’ expected volatility over 30 days. Here are his reasons […]
Read moreAirbus said on Tuesday it had taken steps to comply with a World Trade Organization (WTO) ruling on subsidies for its A350 and A380 jets, which has seen the United States and Europe trade legal blows on behalf of Boeing and Airbus. The move comes after the United States won the right to seek sanctions […]
Read moreGwynne Shotwell was a teenager when she met a woman working as a mechanical engineer. Now the president and COO of SpaceX, the most disruptive space company in the world, told CNBC’s Morgan Brennan that this female role model is why she came to be where she is today. “I loved what she was doing, […]
Read moreThe bond market is signaling an upcoming correction and investors should sell their shares in listed companies, a strategist told CNBC Tuesday. Borrowing costs have gone up over the last few weeks, with the yield on both the 10-year U.S. Treasury note and the two-year bond reaching multiyear highs last Friday. Higher yields, which move […]
Read moreIndigo Agriculture CEO David Perry grew up raising corn and cows on his family’s farm in Arkansas. While he wasn’t the type to set up a lemonade stand, he did show early entrepreneurial tendencies. He remembers gathering receipts and diving into the books of the family business at age 11 to figure out whether corn […]
Read moreAmerica’s wide lead in venture capital is fading, threatened by Asia and its rising brain center: China. A surge of new money from China and the rest of Asia helped drive funding totals to the stratosphere and transformed the venture landscape. Last year Asia directed 40 percent of the global total versus 44 percent from […]
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