British Brexit minister David Davis said Monday that the government would allow parliament the opportunity to debate, scrutinize and vote on any final Brexit agreement, offering a concession to Conservative Party rebels. Prime Minister Theresa May is under pressure to offer parliament the chance to have a ‘meaningful vote’ on any deal on Britain’s departure […]
Read moreCadillac is expanding its subscription car service to Los Angeles and Dallas, the company said Monday. Cadillac launched the month-to-month subscription service, called BOOK, in New York City earlier in 2017. It is one of a growing number of all-inclusive subscription services launched by companies luring car buyers who want the benefits of owning a […]
Read moreStart-ups are worried about one part of the Senate’s tax reform proposal that would hurt their ability to compete: taxing stock options when they vest, instead of when they are exercised as is currently done. Companies, often Silicon Valley start-ups such as Twitter, typically compensate employees with the promise of being able to cash out […]
Read moreThe upcoming worldwide workforce reckoning that artificial intelligence is expected to bring will happen much sooner than many experts predict, the former president of Google China told CNBC on Monday. Kai-Fu Lee, now chairman and CEO of Sinovation Ventures, believes that about half of all jobs will disappear over the next decade and be replaced […]
Read moreSnapchat its getting its first daily sports show, courtesy of SportsCenter. SportsCenter on Snapchat will be a three to five-minute version of ESPN’s flagship program, the companies said on Monday. The debut episode, which posts at 5 p.m. Monday, will be hosted by Katie Nolan. Other future hosts will include Elle Duncan, Cassidy Hubbarth, Jason […]
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It doesn’t sound like much: General Electric is cutting its dividend from 96 cents a year to 48 cents. But GE has a lot of shares outstanding: 8.67 billion. Reducing the dividend by 48 cents with 8.67 billion shares outstanding means shareholders are getting $4.1 billion less in dividends each year. On an historic basis, […]
Read moreOn June 26, 2013, LGBT Americans across the country were celebrating the historic Supreme Court opinion issued by Justice Anthony Kennedy overturning the Defense of Marriage Act (DOMA), the pernicious law signed by President Bill Clinton in 1996 that prevented the federal government from recognizing same-sex civil marriages. The LGBT conservatives of Log Cabin Republicans […]
Read moreAirbus is making progress on its new electric-powered vertical take-off and landing aircraft — colloquially (and incorrectly) known as a “flying car.” The European aerospace giant posted a series of photos today from its Vahana project, showing its team working on a pair of single-seat, tilt-rotor vehicles with a paint job that would make a […]
Read moreGeneral Electric has a lot that’s wrong with it, and the stock is not worth $20 per share — around the level where it opened on Monday, CNBC’s Jim Cramer said. Shares of GE were off sharply — and even went below $20 per share in early trading — after the conglomerate said before the […]
Read moreWall Street rarely talks about its mistakes, but BMO Capital Markets admitted in a note to clients Sunday that it messed up with its bearish call for Nvidia shares. The firm’s analyst raised his rating for the chipmaker to market perform from underperform, saying his predictions and forecasts were way off base. “We have been […]
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