U.S. stocks lost steam while the dollar edged down from three-month highs ahead of Asia’s Tuesday trading day. Stocks on Wall Street closed lower on Monday as the most packed week of earnings season kicked off, with a fall in shares of General Electric weighing on sentiment. The Dow Jones industrial average shed 0.23 percent, […]
Read moreSchlumberger’s third-quarter earnings results shed more light on the state of the oil and gas industry than Wall Street realized, CNBC’s Jim Cramer said on Monday. “The long-term commentary here was a lot more bullish than some people seem to realize. After spending years in purgatory, Schlumberger now says that the oil industry’s about to […]
Read moreWhile the chances of lawmakers drastically cutting 401(k) contribution limits are slim, CNBC’s Jim Cramer still doubled down on why the cuts would be especially harmful to the middle class. “The whole point of a 401(k) plan is that your contributions are tax-deductible up to $18,000 a year. They want to slash that to $2,400? […]
Read moreFacebook may make it harder for people to see publishers’ stories, unless those publishers pay to promote them. As part of a new test in six countries, Facebook is taking content from publishers and businesses out of its main feed. Instead, those posts will exist in a separate, hard-to-find feed that Facebook recently launched for […]
Read moreAs the record-hitting market charges into one of the biggest earnings weeks of 2017, CNBC’s Jim Cramer highlighted a unique group stocks that have proved to be major winners. “The biggest winners so far of the earnings season ahead of what’s going to be an amazing week? It’s the stocks of companies that were supposed […]
Read moreNimble Pharmacy’s CEO Talha Sattar got the idea for his prescription delivery company while waiting in line at the pharmacy to pick up meds for a family member. Sattar told CNBC that he wondered why it’s quick and easy to order luxury items like a car valet on demand, but not potentially life-saving medications. “The […]
Read moreApple co-founder Steve Wozniak said he’s not in a hurry to buy the next iPhone — even though he usually rushes out to upgrade on opening day. “I’d rather wait and watch that one. I’m happy with my iPhone 8 — which is the same as the iPhone 7, which is the same as the […]
Read moreCurrency, United States Finance
Russia sanctions advocate Bill Browder says 'there may be something sinister at foot' if visa issue lingers
A major advocate for Russian sanctions told CNBC that his U.S. visa issues should raise a red flag if they linger. Over the weekend, The Guardian reported that Russia was finally successful in pushing Interpol to place Bill Browder on its wanted list. Browder, a British citizen, explained that his authorization to travel to the […]
Read moreThe dust-up over 401(k)s is a good opportunity to remind everyone how bad the state of the average person’s retirement plan is. The good news: the total value of investment in 401(k)s and other defined contribution plans are at a new high, thanks to the stock market rally. The bad news: the numbers are still […]
Read moreAmazon CEO Jeff Bezos is the face of his business empire that now spans everything from e-commerce and cloud computing to hardware devices and even grocery stores. But behind the wide-ranging company is a team of 10 top executives, who report directly to Bezos himself, based on a list compiled by CNBC. While most of […]
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