Disney is taking a $157 million write-down on Vice Media as the site is reportedly laying off 15% of its staff

CNBC(USA) 2018-11-08 22:26:57

Disney reported the $157 million write down in its fourth-quarter earnings report Thursday, a day after the Wall Street Journal wrote that Vice Media plans to cut up to 15 percent of its workforce.

FDA plans to restrict flavored e-cigarette sales to vape shops, ban menthol cigarettes from market

CNBC(USA) 2018-11-09 00:57:13

The Food and Drug Administration plans to limit sales of some flavored e-cigarettes to vape shops and move forward with a ban on menthol cigarettes, according to senior agency officials, who asked not to be named because the proposal is not yet public.

China s Xi tries to reassure the country s worried private companies

CNBC(USA) 2018-11-08 23:27:42

President Xi Jinping has offered an olive branch to China s private companies by offering tax breaks and verbal reassurance that they will remain an integral part of the economy.

October s meltdown may have been the best thing for this market, Cramer says

CNBC(USA) 2018-11-08 23:11:32

Jim Cramer says October s sell-offs set key stocks up for a stronger November.

Alibaba aims to make cloud computing its main business

CNBC(USA) 2018-11-08 22:30:43

Alibaba CEO Daniel Zhang told CNBC that "every business in the future will be powered by cloud" and that division of the company will eventually be the "main business."

Alibaba s CEO started Singles Day to promote a new brand. Now it s a $25 billion phenomenon

CNBC(USA) 2018-11-08 22:30:14

Alibaba s first Singles Day event in 2009 raked in gross merchandise value of $7.8 million. In 2017, the same event brought in more than $25 billion.

Disney is taking a $157 million write-down on Vice Media as the site is reportedly laying off 15% of its staff

CNBC(USA) 2018-11-08 22:26:57

Disney reported the $157 million write down in its fourth-quarter earnings report Thursday, a day after the Wall Street Journal wrote that Vice Media plans to cut up to 15 percent of its workforce.

Education activists were big players in this year s elections, but they ran into a red wall in GOP-friendly states

CNBC(USA) 2018-11-08 22:26:35

Democratic challengers backed by education activists failed to unseat Republican governors in Arizona and Oklahoma, while ballot initiatives in Oklahoma and Utah were defeated. Though some key governor s races fell their way, notably in Kansas, teacher advocates say overall the victories were overshadowed by losses.

Google has hired Geisinger s David Feinberg to lead its health strategy, source says

CNBC(USA) 2018-11-08 21:53:54

Google is hiring Geisinger Health CEO David Feinberg to define its strategy in the $3 trillion medical sector and coordinate work across its various teams, according to a source familiar and the Wall Street Journal. Google AI chief and Jeff Dean is involved in the search, and candidates have included people from the hospital, insurance and health consulting businesses.

P&G to restructure company as maker of Gillette razors simplifies business units

CNBC(USA) 2018-11-08 21:49:17

Activist investor Nelson Peltz joined P&G s board in March. Peltz had critiqued P&G s organizational structure, saying it made the owner of Tide more ineffficent.

Shoemaker Crocs rockets 27% as demand for clogs drives surprise profit

CNBC(USA) 2018-11-08 21:40:55

Shares of shoemaker Crocs rallied 27 percent Thursday after CEO Andrew Rees said strong clog sales helped the company post a surprise profit in the third quarter.

Disney s new Netflix rival will be called Disney+ and launch late 2019

CNBC(USA) 2018-11-08 21:38:10

The company is removing all its movies from Netflix, and start its own streaming service for its past content as well as more original shows and movies.

Yelp tanks more than 25% after announcing third quarter earnings

CNBC(USA) 2018-11-08 21:12:53

Shares of Yelp tanked more than 25 percent Thursday after the company announced its third quarter earnings report.

This map shows where Sears is closing stores next

CNBC(USA) 2018-11-08 20:49:39

The 40 Sears and Kmart locations are set to close in February of next year, with liquidation sales starting late next week.

Disney slated to report earnings after the bell

CNBC(USA) 2018-11-08 20:32:28

Disney s earnings come as investors continue to seek more information on the company s long-term vision for its various streaming investments as well as how it plans to integrate assets recently acquired from Twenty-First Century Fox.

More drama in Florida: Senate race heads toward a recount as gubernatorial contest tightens

CNBC(USA) 2018-11-08 20:31:40

The Florida Senate and gubernatorial races could be headed for recounts as Republican Gov. Rick Scott and the GOP s Ron DeSantis hold narrow leads over Sen. Bill Nelson and Andrew Gillum, respectively.

Fed unwavering in message that interest rates will keep going higher

CNBC(USA) 2018-11-08 20:24:24

The Federal Reserve made clear it is in a near perfect environment to keep raising interest rates, and that it was undeterred by recent market volatility.

Sears to shut 40 more stores early next year

CNBC(USA) 2018-11-08 19:58:23

The new store closures are in addition to the 142 stores Sears is already expected to close toward the end of 2018.

Acting Attorney General Whitaker s views on Mueller probe prompt calls for recusal from Democrats and legal experts

CNBC(USA) 2018-11-08 18:56:48

The Trump administration s shake-up, which saw Attorney General Jeff Sessions resignation less than a day after Democrats won the House in the midterms, is also raising concerns about whether Whitaker s appointment constitutes a potential obstruction of justice.

Billionaire investor Mario Gabelli recommends buying Tribune Company aggressively

CNBC(USA) 2018-11-08 18:44:26

The founder and CEO of Gamco Investors joined CNBC s "Halftime Report" to discuss his picks as well as his views on the markets broadly.

You can now use Amazon Alexa on a Windows 10 computer — Here s how

CNBC(USA) 2018-11-08 18:32:27

WIndows 10 users can now use Amazon Alexa, and you don t need to own an Amazon Echo or any other gadget. Here s how to set up Amazon Alexa on your Windows 10 computer.

Treasury Department announces new sanctions for Russian activities in Crimea

CNBC(USA) 2018-11-08 18:30:57

The announcement came just days before President Donald Trump and Russian President Vladimir Putin are both scheduled to attend events in Paris, France on Sunday to commemorate the end of the First World War.

Tesla s pick for a new chairwoman is boring, but that s exactly what the company needs, experts say

CNBC(USA) 2018-11-08 18:08:27

Denholm has been on the board at Tesla since 2014, which many said is the only real downside to the appointment.

Forget financials  payment stocks could be your best way to play the space

CNBC(USA) 2018-11-08 17:55:43

Avoiding financials and opting for financials-adjacent picks in the tech space could be a sensible move, says one trader.

Voters defeat most state tax measures on midterm ballots

CNBC(USA) 2018-11-08 17:49:08

Tax measures on the ballot could have a major impact on consumers finances. But more were defeated than approved. Here s what voters said "yes" and "no" to.

Former NJ Gov. Chris Christie visits the White House as Trump considers him to replace Jeff Sessions as attorney general

CNBC(USA) 2018-11-08 17:29:25

Christie was at the White House to meet with President Donald Trump s son-in-law and senior adviser, Jared Kushner, to discuss prison reform efforts, a White House official told NBC News. A criminal case brought by Christie in 2004 sent Kushner s father, Charles Kushner, to prison.

J.P. Morgan sees three potential long-term stock winners from blockchain

CNBC(USA) 2018-11-08 17:03:15

J.P. Morgan named three public companies that are potential long-term winners in emerging blockchain technology.

Republican Dino Rossi concedes to Democrat Kim Schrier in competitive Washington House race

CNBC(USA) 2018-11-08 16:42:47

With Schrier s win, Democrats are set to pick up another House seat and pad their projected House majority.

Interest rates could hit new decade high even if Fed does nothing at its meeting

CNBC(USA) 2018-11-08 16:30:53

The Fed could make no new comment at all after its meeting and still sound hawkish, sending the bond market into a tizzy.

The bull market s biggest buyer is back — companies are doing buybacks at a record pace this month

CNBC(USA) 2018-11-08 15:59:05

The stock market s biggest buying force is on track to post a historic November as corporations resume a rapid pace of share buybacks following third-quarter earnings.

Trump should raise the federal gas tax to help pay for infrastructure fixes, former Transportation Secretary Ray LaHood says

CNBC(USA) 2018-11-08 15:37:32

Trump should seize on the post-midterm enthusiasm for an infrastructure deal, Ray LaHood, a Republican who served under President Barack Obama, tells CNBC.

Trump s Deutsche Bank ties just one of several issues for House, Rep. Waters says

CNBC(USA) 2018-11-08 15:30:55

Rep. Maxine Waters said an investigation into President Trump s personal financial dealings with Deutsche Bank is just one of several issues the House Financial Services Committee has on its plate.

Tesla shares rise on hopes stock will join the S&P 500 benchmark, unleashing new investor money

CNBC(USA) 2018-11-08 15:20:02

Macquarie estimated the electric automaker may qualify to join the benchmark S&P 500 index as early as the second quarter of 2019.

Georgia s GOP gubernatorial candidate Brian Kemp to resign as secretary of state

CNBC(USA) 2018-11-08 15:09:15

Kemp is the state s top election official as he runs to become its governor.

This holiday season could seal Barnes & Noble s fate as the bookseller considers selling itself

CNBC(USA) 2018-11-08 15:01:41

Barnes & Noble must prove during the holidays it can deliver sales growth in its core book business.

Cramer predicts oil prices as low as $40 a barrel as US crude falls into bear market

CNBC(USA) 2018-11-08 14:58:55

U.S. oil prices are in a "ferocious" bear market, and crude could fall to as low as $40 per barrel, CNBC s Jim Cramer predicts.

Wizard of Oz draft scripts head for the auction block

CNBC(USA) 2018-11-08 14:25:39

A collection of draft scripts for "The Wizard of Oz" and other material from the archives of the 1939 film are going up for auction in December and could fetch up to $1.2 million. Los Angeles auctioneers Profiles in History said on Thursday four handwritten draft screenplays by Noel Langley were being sold.

Supreme Court Justice Ruth Bader Ginsburg, 85, breaks ribs in fall

CNBC(USA) 2018-11-08 14:07:26

Supreme Court Justice Ruth Bader Ginsburg, 85, fell in her office at the court and fractured three ribs, according to a release from the court Thursday.

The worst of the correction could still be ahead for the market, and one chart offers evidence

CNBC(USA) 2018-11-08 13:23:53

Stock market euphoria could be short-lived and one chart gives evidence, says ECRI s Lakshman Achuthan.

Stocks making the biggest move premarket: ARRS, COMM, PRGO, DHI, PRTY & more

CNBC(USA) 2018-11-08 13:20:14

These are the stocks posting the largest moves before the bell.

TripAdvisor shares pop 8% on fast-growing leisure offerings

CNBC(USA) 2018-11-08 13:04:11

TripAdvisor shares rose in premarket trading Thursday after the travel company reported third-quarter earnings were boosted by its growing non-hotel business.

Wynn Resorts shares plunge 14% after CEO sees slowdown in Macau

CNBC(USA) 2018-11-08 12:48:25

Chief Executive Matthew Maddox said results since China s seven-day Golden Week holiday have been "choppy" during the week and "sporadic" on the weekends.

Facebook s former CIO was told to fix its calendar system, or else — now, his new start-up aims to solve the same problem for everybody

CNBC(USA) 2018-11-08 12:31:31

Tim Campos left Facebook in late 2016 to build his own company, Woven. It s an intelligent calendar tool that helps professionals and small businesses schedule meetings, and it s launching Thursday.

One online retailer s stock is crushing Amazon this year

CNBC(USA) 2018-11-08 12:02:04

Amazon has long been dubbed Wall Street s king of retail, but not this year. Shares of online marketplace Etsy have soared 145 percent this year, nearly triple Amazon s gains.

One online retailer is crushing Amazon this year

CNBC(USA) 2018-11-08 12:02:04

Amazon has long been dubbed Wall Street s king of retail, but not this year. Shares of online marketplace Etsy have soared 145 percent this year, nearly triple Amazon s gains.

Norwegian warship at risk of sinking after collision with oil tanker

CNBC(USA) 2018-11-08 11:43:16

All 137 crew have been evacuated from the ailing frigate.

Fed is set to keep rates on hold before a hike later in the year

CNBC(USA) 2018-11-08 11:27:10

The Federal Reserve appears on track to raise interest rates once more this year but will likely hold off on any action when its latest policy meeting ends Thursday.

White House bans CNN reporter Jim Acosta after a confrontation with Trump

CNBC(USA) 2018-11-08 11:02:38

The White House ban of CNN reporter Jim Acosta comes after he and President Donald Trump had a heated confrontation during a news conference.

2-year Treasury yield hits highest level since 2008 after Fed signals no change in rate hike plans

CNBC(USA) 2018-11-08 10:43:47

U.S. government debt yields were higher Thursday as investors awaited the latest decision on monetary policy from the Federal Reserve.

S&P 500 falls as the Fed looks to stay the course on raising rates

CNBC(USA) 2018-11-08 09:33:45

The S&P 500 closed lower on Thursday following big gains in the previous session as investors digested the latest monetary policy decision from the Federal Reserve.

Multiple injuries reported at a shooting in Thousand Oaks, California, authorities say

CNBC(USA) 2018-11-08 08:42:03

A mass shooting at a restaurant in Thousand Oaks, California, has caused multiple injuries, local authorities said late Wednesday, with the perpetrator believed to be still at large.

Robyn Denholm will replace Elon Musk as Tesla s board chair

CNBC(USA) 2018-11-08 06:26:14

On Wednesday, Tesla said Robyn Denholm will replace Elon Musk as Tesla s board chair.

India, not China, to take center stage in Netflix s expansion plan in Asia

CNBC(USA) 2018-11-08 06:01:19

Netflix is on a mission to expand its audience across Asia, and the country set to account for the bulk of that growth is India — not China.

Here are the Asian countries that win and lose from the trade war

CNBC(USA) 2018-11-08 05:25:13

While short-term disruption can be expected in Asia due to the trade war between the U.S. and China, other regional players could stand to benefit in the long run, Nick Marro analyst at The Economist Intelligence Unit told CNBC.

Ford to buy San Francisco-based scooter sharing company Spin to beef up mobility business

CNBC(USA) 2018-11-08 05:02:28

Ford has been making moves into new mobility businesses as a hedge against potentially declining interest in car ownership. The acquisition of Spin is the latest example.

More Americans are meditating than ever before, as mindfulness goes mainstream

CNBC(USA) 2018-11-08 05:02:24

Meditation is on the rise among both adults and children, a new report from the CDC shows. Apps such as Headspace and Calm have helped raise awareness and teach people how to meditate.

Walmart is holding parties in its stores on Thanksgiving, kicking off online deals earlier than ever before

CNBC(USA) 2018-11-08 05:02:20

Walmart will hold new events in stores on Nov. 22, Thanksgiving Day, from 4 p.m. to 6 p.m. with free coffee and cookies. It will also kick off Black Friday deals online earlier than it ever has before.

Ping An Technology CEO expects exponential growth in financial technology

CNBC(USA) 2018-11-08 04:58:25

Ping An Technology CEO Ericson Chan told CNBC that years of investment and research into fintech is paying off.

US crude falls into bear market as growing oil output points to oversupply

CNBC(USA) 2018-11-08 02:51:36

Oil rose on Thursday, recovering modestly from this week s three-week lows, after record Chinese crude imports soothed some concern that demand in the world s largest commodity buyer may be flagging just as global supply is rising.

Trump s new acting Attorney General Matthew Whitaker, who has criticized the Mueller probe, will now oversee it

CNBC(USA) 2018-11-07 20:01:08

The report followed Trump s announcement in a tweet that Attorney General Jeff Sessions would be replaced by Whitaker, who was Sessions chief of staff at the Justice Department.

Embattled Attorney General Jeff Sessions resigns under pressure from Trump

CNBC(USA) 2018-11-07 19:45:39

The 71-year-old Sessions departs after the president repeatedly hammered him about his decision last year to recuse himself from the investigation into Russian interference in the 2016 election and whether the Trump campaign colluded with the Kremlin. Trump says that moment opened the door to special counsel Robert Mueller s probe, which the president has repeatedly called a "witch hunt."

This 43-year-old running for president in 2020 wants to give everyone $1,000 a month in free cash

CNBC(USA) 2018-04-11 15:24:40

Andrew Yang says a universal basic income payment is a necessary because automation is replacing American jobs.