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United Auto Workers summons local union leaders to Detroit as GM strike enters fifth week


Created: Tue, 15 Oct 2019 02:02 GMT

Author:

A letter to local union leaders said the agenda for the meeting included a "contract update and any other agenda items to be determined," leaving the door open for talks to continue to potentially reach a tentative agreement ahead of the meeting.

Read more: United Auto Workers summons local union leaders to Detroit as GM strike enters fifth week


TikTok has moved into Facebook's backyard and is starting to poach its employees


Created: Tue, 15 Oct 2019 00:04 GMT

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TikTok, the upstart social media app, has opened an office in Silicon Valley and begun to poach Facebook employees, multiple people familiar with the matter told CNBC.

Read more: TikTok has moved into Facebook's backyard and is starting to poach its employees


Here's who's left on Facebook's Libra project after exodus of top payments companies


Created: Mon, 14 Oct 2019 22:00 GMT

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The Libra Council now consists of 21 members, down from the 28 corporate backers who initially said they would join the project.

Read more: Here's who's left on Facebook's Libra project after exodus of top payments companies


Ohio soybean farmer says he wouldn't vote for Trump again even if he could 'walk across my pond'


Created: Mon, 14 Oct 2019 21:05 GMT

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"I don't believe it until [the crops are] on the boat. This is deja vu all over again," Ohio farmer Chris Gibbs says about agriculture buys announced in a "phase one" U.S.-China deal.

Read more: Ohio soybean farmer says he wouldn't vote for Trump again even if he could 'walk across my pond'


Big bank earnings are about to kick off—here are 3 ways to play the deluge


Created: Mon, 14 Oct 2019 20:20 GMT

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Top financial companies mark the unofficial start of earnings season with their reports this week, and experts offer recommendations for trading the moves.

Read more: Big bank earnings are about to kick off—here are 3 ways to play the deluge


Wall Street faces a tough earnings season: 'Caution probably makes sense right now'


Created: Mon, 14 Oct 2019 19:24 GMT

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As the season kicks into gear this week, S&P 500 firms are expected to report a 4.6% earnings decline over a year ago.

Read more: Wall Street faces a tough earnings season: 'Caution probably makes sense right now'


Investors seem 'comfortable' with GM strike despite mounting costs, analyst says


Created: Mon, 14 Oct 2019 18:07 GMT

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Wall Street analysts estimate GM has lost more than $1 billion due to the United Auto Workers' strike, which began Sept. 16.

Read more: Investors seem 'comfortable' with GM strike despite mounting costs, analyst says


Bloomberg is talking about running for president as Biden struggles against Warren


Created: Mon, 14 Oct 2019 17:29 GMT

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Bloomberg could be in for a showdown with Elizabeth Warren, whether he runs or not.

Read more: Bloomberg is talking about running for president as Biden struggles against Warren


Stocks making the biggest moves midday: Blackstone, HP, AMC, Tapestry & more


Created: Mon, 14 Oct 2019 17:08 GMT

Author:

Check out the companies making headlines in midday trading:

Read more: Stocks making the biggest moves midday: Blackstone, HP, AMC, Tapestry & more


Watch now: ETF Edge on the bitcoin ETF rejection, race to zero commissions and investing in space


Created: Mon, 14 Oct 2019 16:55 GMT

Author:

Read more: Watch now: ETF Edge on the bitcoin ETF rejection, race to zero commissions and investing in space


Trump 'strongly condemns' doctored video showing him killing news outlets, foes, spokeswoman says


Created: Mon, 14 Oct 2019 16:44 GMT

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White House press secretary Stephanie Grisham tweeted that Trump had not seen the video depicting him going on a bloody rampage but "he will see it shortly."

Read more: Trump 'strongly condemns' doctored video showing him killing news outlets, foes, spokeswoman says


Trump needs more than a 'phase one' US-China trade deal to boost 2020 odds, GOPers say


Created: Mon, 14 Oct 2019 15:56 GMT

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State polls show that Trump's standing has weakened in some states hurt by the trade war.

Read more: Trump needs more than a 'phase one' US-China trade deal to boost 2020 odds, GOPers say


94% of the time when this happens, stocks are a winning bet over bonds


Created: Mon, 14 Oct 2019 15:46 GMT

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Bank of America says investors should still look to stocks for value rather than bonds.

Read more: 94% of the time when this happens, stocks are a winning bet over bonds


VC firm with ties to Charles Koch expected to reach $100 million in new funding


Created: Mon, 14 Oct 2019 14:47 GMT

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Trust Ventures targets tech companies tackling broad public issues but facing high regulatory barriers.

Read more: VC firm with ties to Charles Koch expected to reach $100 million in new funding


Mnuchin says libra backers dropped out because project is 'not ready' to meet standards


Created: Mon, 14 Oct 2019 13:20 GMT

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Treasury Secretary Steven Mnuchin says he told libra representatives that he would take action if libra didn't meet regulatory standards.

Read more: Mnuchin says libra backers dropped out because project is 'not ready' to meet standards


Bernie Sanders unveils plan to raise corporate tax rate to 35% and ban stock buybacks


Created: Mon, 14 Oct 2019 12:51 GMT

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Sanders, who is recovering from a heart attack, reveals the new tax plan a day before the third Democratic debate.

Read more: Bernie Sanders unveils plan to raise corporate tax rate to 35% and ban stock buybacks


Vague US-China deal fails to 'clear the air' for companies to start spending and investing again


Created: Mon, 14 Oct 2019 12:50 GMT

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Wall Street analysts were largely skeptical of Trump's announcement on Friday of a substantial trade deal.

Read more: Vague US-China deal fails to 'clear the air' for companies to start spending and investing again


Apple's 'key growth driver' in 2020 will be a new $399 iPhone, top analyst says


Created: Mon, 14 Oct 2019 12:28 GMT

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Apple will release the iPhone SE2 early next year for $399, analyst Ming-Chi Kuo says.

Read more: Apple's 'key growth driver' in 2020 will be a new $399 iPhone, top analyst says


Mnuchin says he expects tariffs to go up in December if there is no China deal in place


Created: Mon, 14 Oct 2019 12:15 GMT

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"But I expect we'll have a deal," Mnuchin tells CNBC.

Read more: Mnuchin says he expects tariffs to go up in December if there is no China deal in place


Mnuchin says China and the US have a 'fundamental agreement that is subject to documentation'


Created: Mon, 14 Oct 2019 12:06 GMT

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The Treasury secretary expresses optimism that the U.S. and China have a workable first-phase agreement.

Read more: Mnuchin says China and the US have a 'fundamental agreement that is subject to documentation'


Stocks making the biggest moves premarket: Boeing, Facebook, Nike, Lyft, Kohl's, GM & more


Created: Mon, 14 Oct 2019 11:42 GMT

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Names on the move ahead of the open.

Read more: Stocks making the biggest moves premarket: Boeing, Facebook, Nike, Lyft, Kohl's, GM & more


WTO formally backs US tariffs on EU goods


Created: Mon, 14 Oct 2019 08:33 GMT

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The United States has cleared the final procedural hurdle in order to impose tariffs on billions of dollars of European products later this month.

Read more: WTO formally backs US tariffs on EU goods


Stocks slip as doubts emerge about the China-US trade agreement


Created: Mon, 14 Oct 2019 06:23 GMT

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Stocks closed slightly lower on Monday as new worries around a U.S.-China trade agreement emerged.

Read more: Stocks slip as doubts emerge about the China-US trade agreement


NASA chief: SpaceX and Boeing have critical tests ahead but could fly astronauts in early 2020


Created: Sun, 13 Oct 2019 20:00 GMT

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SpaceX and Boeing are each in the final stages of developing the spacecraft needed for the U.S. to once again fly astronauts.

Read more: NASA chief: SpaceX and Boeing have critical tests ahead but could fly astronauts in early 2020


Ambassador to EU plans to tell Congress he doesn't know why Ukraine aid was held up


Created: Sun, 13 Oct 2019 16:36 GMT

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Gordon Sondland plans to testify, before House impeachment committees Thursday, that he doesn't know why aid to the Ukraine was held up.

Read more: Ambassador to EU plans to tell Congress he doesn't know why Ukraine aid was held up


These telemedicine doctors are getting licenses in all 50 states to treat patients in remote areas


Created: Sun, 13 Oct 2019 16:09 GMT

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As virtual medicine tips into the mainstream, doctors are getting licenses everywhere so they're not limited in who they can treat.

Read more: These telemedicine doctors are getting licenses in all 50 states to treat patients in remote areas


Trump defends Syria withdrawal amid reports of atrocities and ISIS supporters escaping


Created: Sun, 13 Oct 2019 15:53 GMT

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Turkey's invasion of northeastern Syria began Wednesday after Trump ordered U.S. troops to pull back from the area.

Read more: Trump defends Syria withdrawal amid reports of atrocities and ISIS supporters escaping


Don't make this $42,000 mistake


Created: Sun, 13 Oct 2019 13:45 GMT

Author:

Elder financial fraud is a serious and growing problem; however, there are ways to protect yourself, or someone you love, from such scams with a series of checks and balances.

Read more: Don't make this $42,000 mistake


Hunter Biden resigns from Chinese firm following Trump attacks


Created: Sun, 13 Oct 2019 13:35 GMT

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Hunter's vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption.

Read more: Hunter Biden resigns from Chinese firm following Trump attacks


Battle for client assets heats up as brokers cut fees to zero


Created: Sun, 13 Oct 2019 13:30 GMT

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The race to zero appears to be nearing the finish line after several brokerage giants cut commissions on all U.S. equities, options and ETFs in the last few weeks.

Read more: Battle for client assets heats up as brokers cut fees to zero

 
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