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CNBC Business
Feb 21, 2019

SpaceX, Boeing design risks threaten new delays for US space program
NASA is paying SpaceX $2.6 billion and Boeing $4.2 billion to build rocket and capsule launch systems to return astronauts to the International Space Station from US soil.

CNBC Business
Feb 21, 2019

Samsung and Apple are losing ground to Huawei because their phones are too expensive
Research released by Gartner shows China's Huawei is gaining ground over major rivals like Samsung and Apple.

CNBC Business
Feb 21, 2019

The world's largest shipping firm warns of US-China trade war risk in 2019
Danish shipping group Moller-Maersk reported fourth-quarter earnings in line with expectations on Thursday, but warned a long-running trade conflict between the world's two largest economies could hamper growth in 2019.

CNBC Business
Feb 21, 2019

Stocks set to open slightly higher amid reports of US-China trade breakthrough
Reports said the U.S. and China have begun drawing up memorandums of understanding over trade.

CNBC Business
Feb 21, 2019

European markets open mixed amid earnings, economic data
European stocks opened mixed Thursday morning, amid cautious optimism the world's two largest economies could soon secure a trade deal to end a protracted dispute.

CNBC Business
Feb 21, 2019

European markets seen mixed amid earnings, economic data
European stocks are set to open mixed Thursday morning, amid rising hopes the world's two largest economies could soon secure a trade deal to end a protracted dispute.

CNBC Business
Feb 21, 2019

Pentagon is scrambling as China 'sells the hell out of' armed drones to America's allies
Washington is pushing policy changes to expand drone sales to Gulf allies in the face of Chinese competition

CNBC Business
Feb 21, 2019

Pentagon is scrambling as China 'sells the hell out of' armed drones to US allies
Washington is pushing policy changes to expand drone sales to Gulf allies in the face of Chinese competition

CNBC Business
Feb 21, 2019

Pedestrian crash avoidance systems pass tests, with one notable exception
In recent years automakers have been adding pedestrian crash avoidance technology to the safety packages offered in many vehicles, but as of now, these systems are not mandatory in all vehicles.

CNBC Business
Feb 20, 2019

US economic momentum can hold the cycle for a 'few more quarters,' JP Morgan's Kolanovic says
"[The economy's] slowing down, but ... we think it's way above the stall speed," top J.P. Morgan strategist Marko Kolanovic says.

CNBC Business
Feb 20, 2019

Nestle and others have suspended YouTube ads over news of a pedophile network on the site
The move is a familiar black eye for Google-owned YouTube, which frequently battles content moderation challenges.

CNBC Business
Feb 20, 2019

Disney and other companies reportedly suspend YouTube ads over news of pedophile network on the site
The move is a familiar black eye for Google-owned YouTube, which frequently battles content moderation challenges.

CNBC Business
Feb 20, 2019

It seems impossible that Tesla will have full self-driving car tech ready in a year, says analyst
Karl Brauer of Cox Automotive told CNBC he suspects Elon Musk is misleading people about how far along Tesla is in self-driving technology.

CNBC Business
Feb 20, 2019

Mark Zuckerberg says Facebook has been an 'innovator in privacy'
Mark Zuckerberg that while it's not a "mainstream view," Facebook has been focused on privacy since the company's early days at Harvard.

CNBC Business
Feb 20, 2019

Samsung just announced four pricey new Galaxy phones to take on the iPhone
Samsung just announced its family of Galaxy S10 phones, including the Galaxy S10e, Galaxy S10, Galaxy S10 and Galaxy S10 5G. Here's a first look.

CNBC Business
Feb 20, 2019

Tesla has lost more than 40 execs since 2016 — here's an updated list
Tesla's executive exodus continued on Wednesday with the departure of general counsel Dane Butswinkas.

CNBC Business
Feb 20, 2019

Southwest feuds with mechanics' union over 'unprecedented' number of out-of-service planes
Southwest Airlines says it will investigate maintenance reports as it feuds with its mechanics' union over canceled flights. The airline says the number of planes taken out of service due to unexpected maintenance issues has been double the average.

CNBC Business
Feb 20, 2019

Report of a Model 3 leasing program could be a bad sign for Tesla investors
The timing of the report that Tesla may be starting a Model 3 leasing program could be a sign that falling federal credits are hurting demand for the cars, CFRA analyst Garrett Nelson says.

CNBC Business
Feb 20, 2019

Reports of a Model 3 leasing program could be a bad sign for Tesla investors
The timing of the reports that Tesla may be starting a Model 3 leasing program could be a sign that falling federal credits are hurting demand for the cars, CFRA analyst Garrett Nelson says.

CNBC Business
Feb 20, 2019

Zuckerberg, forgetting about Facebook's Portal, doesn't want 'a camera in everyone's living room'
Zuckerberg seemed to forget his company makes a connected camera designed for the living room.

CNBC Business
Feb 20, 2019

Old problems worry investors as CVS tries to head in a new direction
CVS gave its 2019 earnings forecast, which fell well short of expectations, disappointing investors and stoking fears about CVS' core business.

CNBC Business
Feb 20, 2019

Victims of that other Ponzi scheme—Allen Stanford's—say they have been short-changed
The SEC shut down R. Allen Stanford's operations 10 years ago this week. As with Madoff, it missed warning signs of the $8 billion fraud for years.

CNBC Business
Feb 20, 2019

Victims of that other Ponzi scheme—Stanford—say they have been short-changed
The Securities and Exchange Commission shut down R. Allen Stanford's operations 10 years ago this week. As with Madoff, the SEC missed warning signs of the $8 billion fraud for years.

CNBC Business
Feb 20, 2019

Starboard Value has 1 million-share stake in Bristol-Myers Squibb, has met with management
Bristol-Myers Squibb confirms Starboard's stake in the company and says the $74 billion deal to acquire cancer drugmaker Celgene is "on track" to close during the third quarter.

CNBC Business
Feb 20, 2019

Chocolatier Godiva to sell Asian-Pacific operations to MBK Partners
Godiva Chocolatier, has agreed to sell parts of its Asia-Pacific business to private equity firm MBK Partners, Godiva CEO Annie Young-Scrivner told Reuters.

CNBC Business
Feb 20, 2019

Serena Williams joins online retailer Poshmark's board of directors
Poshmark CEO Manish Chandra says Williams will help the retailer through its next phase of growth.

CNBC Business
Feb 20, 2019

Starboard reportedly target Magellan Health to explore potential sale
U.S. healthcare plan and pharmacy benefits manager Magellan Health will explore selling itself after coming under pressure to do so from activist hedge fund Starboard Value LP, people familiar with the matter said on Wednesday.

CNBC Business
Feb 20, 2019

Amazon is projected to steal advertising market share from Google in 2019
The numbers are a boon for Amazon's growing advertising segment, which offers a third stream of revenue for the company apart from its e-commerce and cloud businesses.

CNBC Business
Feb 20, 2019

Amazon's ad business will steal market share from Google this year, says eMarketer
The numbers are a boon for Amazon's growing advertising segment, which offers a third stream of revenue for the company apart from its e-commerce and cloud businesses.

CNBC Business
Feb 20, 2019

Tesla is going to be the next Amazon, says a major shareholder with a $4,000 per share target
Tesla is experiencing the same kind of skepticism that Amazon faced in its early days, says ARK Invest chief Cathie Wood.

CNBC Business
Feb 20, 2019

Chinese electric automaker Kandi shares rocket 40% higher on approval to import cars to the US
Shares of Kandi Technologies Group rocketed up more than 35 percent in trading Wednesday after the Chinese electric automaker announced it received approval to import two of its cars to the United States.

CNBC Business
Feb 20, 2019

Chinese electric car maker Kandi shares rocket 40% on approval of US imports
The Chinese electric car maker announces it has received approval to import two of its cars to the United States.

CNBC Business
Feb 20, 2019

Manchester City's owners buy stake in third-tier Chinese soccer club
The parent company of English Premier League champions Manchester City announced Wednesday that it has added a seventh soccer club to its growing stable.

CNBC Business
Feb 20, 2019

Amtrak's plan to boost ridership could hurt long-distance routes, report says
Amtrak is preparing to boost ridership of its trains, which could endanger its storied long-distance routes, the Wall Street Journal reported.

CNBC Business
Feb 20, 2019

Fake milk is real news, as synthetic alternatives threaten traditional dairy farms
To prevent consumers from becoming confused between regular milk and plant-based milk, dairy farmers are asking the FDA to enforce the definition of milk as "lacteal secretion from milking one or more healthy cows," NBC News reports.

CNBC Business
Feb 20, 2019

Royale video game rumble: 'Apex Legends' smashing 'Fortnite' records
For the first time since its meteoric rise, "Fortnite" is no longer a no-doubt victory royale atop the video game industry.

CNBC Business
Feb 20, 2019

'Young blood' company Ambrosia halts patient treatments after FDA warning
A company that charged patients thousands of dollars for infusions of blood plasma from younger donors said Tuesday that it had stopped treating patients after the Food and Drug Administration warned consumers against such treatments, purported to prevent aging and memory loss, NBC News reports.

CNBC Business
Feb 20, 2019

Huawei president promises not to spy on US as Trump considers banning the company's equipment
Ren, whose daughter is being held by Canada, denies U.S. allegations that the company aids Chinese intelligence by building a backdoor in its devices.

CNBC Business
Feb 20, 2019

Huawei president: We're not going to spy on the US, even if the Chinese government says we have to
Huawei Founder and President Ren Zhengfei said the company would not help China spy on the U.S. even if mandated by law.

CNBC Business
Feb 20, 2019

Southwest Airlines cuts revenue forecast on $60 million government shutdown hit, shares sink
The 35-day government shutdown, which ended late last month, stalled the launch of new jets and routes, including Southwest's long-awaited service to Hawaii.

CNBC Business
Feb 20, 2019

Elon Musk tweeted, then revised, Tesla financial guidance. He probably shouldn't have.
The incident raises questions about the effectiveness of an SEC fraud settlement and attempts to reign in Musk's online antics.

CNBC Business
Feb 20, 2019

A tiny start-up based in Brooklyn has a 3D-printed rocket engine it says is the largest in the world
A small start-up based out of New York's Brooklyn Naval Yard is staking its claim among the next generation of rocket companies.

CNBC Business
Feb 20, 2019

Tesla is fairly priced to get bought by a tech giant like Apple, fund manager says
Tesla is "quite possibly going to get bought out" by a large tech player like Apple, according to one fund manager.

CNBC Business
Feb 20, 2019

Winter storm grounds more than 1,000 US flights, airlines waive change fees
A mix of snow, sleet and rain forecast to hit the mid-Atlantic and Northeast on Wednesday grounded more than 1,000 flights. Airlines waived date-change fees for travelers affected by the storm.

CNBC Business
Feb 20, 2019

Winter storm grounds more than 1,300 US flights, airlines waive change fees
A mix of snow, sleet and rain aiming at the mid-Atlantic and Northeast grounds more than 1,300 flights. Airlines waive date-change fees for travelers affected by the storm.

CNBC Business
Feb 20, 2019

Morgan Stanley: Push to electric vans and trucks will be led by Amazon and other 'megafleets'
Amazon is one of many technology and logistics companies with a "megafleet" of vehicles and Morgan Stanley thinks the e-commerce giant's goal of carbon neutrality will take "EVs to the next level."

CNBC Business
Feb 20, 2019

Tesla replaces general counsel Dane Butswinkas after two months
Tesla's current vice president of legal, will take over Butswinka's position, effective today.

CNBC Business
Feb 20, 2019

SoftBank's latest real estate bet is in a start-up that's taking on the physical storage industry
SoftBank's Vision Fund led a $200 million investment in Clutter at a $600 million valuation.

CNBC Business
Feb 20, 2019

Massive winter storm expected to dump rain, ice, snow on much of US
New Jersey has preemptively declared a state of emergency, NBC News reports.

CNBC Business
Feb 20, 2019

Fashion label Burberry apologizes for 'suicide' hoodie
Burberry apologized after a hoodie with ropes resembling a noose was featured in a catwalk event at London Fashion Week.

CNBC Business
Feb 20, 2019

Kim or Trump? Hanoi barber offers leaders' hairdos for free
In a Hanoi barbershop, about a dozen customers are getting free Kim Jong Un or President Donald Trump hairstyles. Kim is coming to the Vietnamese capital next week for his second summit with Trump.

CNBC Business
Feb 20, 2019

Garmin forecasts higher full-year revenue, shares rise
Garmin reported quarterly results that beat Wall Street estimates on Wednesday on the back of higher demand for its smartwatches and navigation systems and forecast full-year revenue above expectations.

CNBC Business
Feb 20, 2019

UBS downgrades Charles Schwab to sell, says buybacks can't cushion blow from rising costs
UBS lowered its rating of Charles Schwab stock to sell from neutral on Wednesday, saying the financial services company is facing barriers to growth and revenue

CNBC Business
Feb 20, 2019

Bank of America Merrill Lynch: A strong China trade deal could unleash a double-digit rally
The "real deal" could spark a 10 percent rally in the S&P, Bank of America's Savita Subramanian says.

CNBC Business
Feb 20, 2019

Goldman Sachs downgrades Southwest Airlines because new Hawaii route could be too costly
Southwest's service to Hawaii may be profitable eventually, but the offering will hurt profit in the near term, according to Goldman Sachs.

CNBC Business
Feb 20, 2019

Electric-plane start-up gets propulsion boost from Siemens
German industrial conglomerate Siemens is eyeing electric flight in deal to make propulsion systems for electric-plane start-up Eviation. The start-up wants to bring battery-powered flight to short-haul trips.

CNBC Business
Feb 20, 2019

CVS shares drop on mixed results, disappointing forecast
CVS Health reported mixed fourth-quarter results. CVS' 2019 forecast fell short of Wall Street's expectations. The company closed its $70 billion acquisition of health insurer Aetna in November.

CNBC Business
Feb 20, 2019

CVS shares tumble 9% as forecast takes a hit from investments in Aetna
CVS Health shares crater after the company disappointed investors with a lower-than-expected earnings forecast for the year as it integrates Aetna.

CNBC Business
Feb 20, 2019

CVS shares tumble as forecast takes a hit from investments in Aetna
CVS Health shares tumbled Wednesday after it disappointed investors with a lower-than-expected earnings forecast for the year as the company integrates health insurer Aetna.

CNBC Business
Feb 20, 2019

Tesla to reportedly offer to lease Model 3s to boost demand
Tesla is preparing to launch its leasing products for Model 3, news website Electrek said on Tuesday, citing an email sent to employees.

CNBC Business
Feb 20, 2019

With elections ahead, Greece's opposition is promising lower taxes and 'aggressive' growth
Greece's opposition leader has promised sweeping changes to the economy at a time when the country is slowly back from the brink of an economic collapse.

CNBC Business
Feb 20, 2019

Greece's opposition leader promises lower taxes and 'aggressive' growth as election nears
Greece's opposition leader has promised sweeping changes to the economy at a time when the country is slowly back from the brink of an economic collapse.

CNBC Business
Feb 20, 2019

Dow futures point to slightly lower open amid US-China trade talks; Fed minutes due
U.S. stock index futures were mixed Wednesday morning, with market participants monitoring the latest round of trade talks between the world's two largest economies.

CNBC Business
Feb 20, 2019

Stock rally pauses as investors await details in Federal Reserve meeting minutes
Stocks were little changed to start off Wednesday's session, taking a breather from a recent rally, as investors looked ahead to the release of a summary from the Federal Reserve's meeting in January.

CNBC Business
Feb 20, 2019

Stock rise as investors await details in Federal Reserve meeting minutes
Stocks rose slightly on Wednesday as investors looked ahead to the release of a summary from the Federal Reserve's meeting in January.

CNBC Business
Feb 20, 2019

European markets open slightly higher amid US-China trade talks
European stocks opened higher Wednesday, amid rising hopes the world's two largest economies could soon secure a trade deal to end a protracted dispute.

CNBC Business
Feb 20, 2019

European markets rally amid earnings, US-China trade talks; Sainsbury shares tumble 12%
European stocks were higher Wednesday, amid rising hopes the world's two largest economies could soon secure a trade deal to end a protracted dispute.

CNBC Business
Feb 20, 2019

European markets edge higher amid earnings, US-China trade talks; Sainsbury shares dive 15%
European stocks were slightly higher Wednesday morning, amid rising hopes the world's two largest economies could soon secure a trade deal.

CNBC Business
Feb 20, 2019

European markets edge higher amid earnings, US-China trade talks; Sainsbury shares dive 16%
European stocks were slightly higher Wednesday morning, amid rising hopes the world's two largest economies could soon secure a trade deal.

CNBC Business
Feb 20, 2019

European markets seen slightly higher amid US-China trade talks
European stocks are set to open slightly higher Wednesday morning, amid rising hopes the world's two largest economies could soon secure a trade deal to end a protracted dispute.

CNBC Business
Feb 19, 2019

Amazon changed how it reports its retail footprint — and now it's not as clear
Amazon changed the way it accounts for its physical store footprint, causing its total square footage to decline despite rapid expansion.

CNBC Business
Feb 19, 2019

Microsoft is taking a slow and steady approach toward integrating GitHub, job listings suggest
Job posting suggest that Microsoft is looking to make GitHub an easier option for its software engineers to use.

CNBC Business
Feb 19, 2019

Elon Musk: Tesla will have all its self-driving car features by the end of the year
Tesla will have the technology to pick up passengers and drive them to destinations by the end of the year, said CEO Elon Musk said on a podcast with an investor.

CNBC Business
Feb 19, 2019

Trump officially directs Pentagon to create Space Force legislation for Congress
President Donald Trump signed a directive on Tuesday that ordered the Department of Defense create a Space Force as a sixth military branch.

CNBC Business
Feb 19, 2019

Ford will stop selling commercial trucks in South America
Ford will stop selling heavy trucks in South America, a region where the automaker has long struggled.

CNBC Business
Feb 19, 2019

Southwest Airlines grounds more jets due to maintenance issues
Southwest Airlines has issued an "operational emergency," requiring its scheduled mechanics to show up at work or risk getting fired.

CNBC Business
Feb 19, 2019

'Dune' takes release date from 'Fantastic Beasts 3,' signaling trouble for the 'Harry Potter' film
"Dune" finally got a release date last week, but the film's Nov. 20, 2020, trip to theaters is upending another popular movie franchise: "Harry Potter."

CNBC Business
Feb 19, 2019

Amazon isn't killing Walmart online
Walmart's latest earnings report shows the largest bricks-and-mortar retailer in the world is making progress in building out its website, despite Amazon's looming presence.

CNBC Business
Feb 19, 2019

Google acquired a small cloud start-up as it looks to catch up to Amazon and Microsoft
Google announced Tuesday it plans to acquire cloud migration company Alooma, marking its next play in the competitive space.

CNBC Business
Feb 19, 2019

Google acquires a small cloud start-up as it looks to catch up to Amazon and Microsoft
Google announces plans to acquire cloud migration company Alooma, marking its next play in the competitive space.

CNBC Business
Feb 19, 2019

Here's a map of where Payless ShoeSource is closing 2,500 stores
Payless ShoeSource filed for bankruptcy protection on Monday, a day after it began winding down its 2,500 U.S. stores.

CNBC Business
Feb 19, 2019

Germany says it's 'not legally possible' to block Huawei from its 5G network
A spokesperson for Germany's interior ministry told CNBC on Tuesday that the nation was not planning to shut any firm out of its 5G network.

CNBC Business
Feb 19, 2019

Germany says it's not ready to bar Huawei in potential US snub
A spokesperson for Germany's interior ministry told CNBC on Tuesday that the nation was not planning to shut any firm out of its 5G network.

CNBC Business
Feb 19, 2019

FDA discourages people against 'young blood' infusions, which make unproven claims to reverse aging
The FDA is advising against "young blood" infusions, in which people are infused with plasma from young donors. It warns consumers that clinics are making unproven claims that the treatment can reverse aging.

CNBC Business
Feb 19, 2019

People are pumping young blood into their bodies to reverse aging, but the FDA says don't do it
The FDA is advising against "young blood" infusions, in which people are infused with plasma from young donors. It warns consumers that clinics are making unproven claims that the treatment can reverse aging.

CNBC Business
Feb 19, 2019

Amazon plans to produce more films each year, including 'sexy date-night movies'
Amazon is reportedly planning to debut about 30 original movies per year with budgets ranging from a few million dollars to over $50 million.

CNBC Business
Feb 19, 2019

Half of European companies have no carbon reduction plan, report finds
Non-profit firm CDP published its annual carbon disclosure report on Tuesday, which found that 53 percent of European firms had no plans in place to reduce their carbon emissions.

CNBC Business
Feb 19, 2019

Facebook wants to make a new virtual assistant that's smarter than Siri or Alexa, report says
"If there's any stone unturned, we're going to work on it," Yann LeCun, Facebook's chief AI scientist told the Financial Times.

CNBC Business
Feb 19, 2019

Tesla doesn't have enough of the batteries that can power your home
A survey from EnergySage says Tesla's Powerwall batteries are in short supply among solar panel installers in the United States.

CNBC Business
Feb 19, 2019

PG&E shares jump 12% after Citi upgrades, says the stock could double despite bankruptcy
Investors should buy embattled utility PG&E as lawmakers work toward a deal with California's electric and gas providers, Citi says.

CNBC Business
Feb 19, 2019

PG&E shares jump 14% after Citi upgrades, says the stock could double despite bankruptcy
Investors should buy embattled utility PG&E as lawmakers work toward a deal with California's electric and gas providers, Citi says.

CNBC Business
Feb 19, 2019

PG&E shares jump after Citi upgrades and says the stock could double despite bankruptcy filing
Investors should buy embattled utility PG&E as lawmakers work toward a deal with the state's electric and gas providers, Citi says.

CNBC Business
Feb 19, 2019

Estonia shuts Danske Bank branch at heart of money laundering saga
Estonia ordered Danske Bank to close its local branch within months on Tuesday.

CNBC Business
Feb 19, 2019

Navient rejects $3.2 billion takeover bid from Canyon Capital and Platinum Equity
Student-loan servicer Navient Corp has rejected a $3.2 billion takeover bid from two investors as it believes the offer undervalues the company.

CNBC Business
Feb 19, 2019

Apple's priorities are shifting as iPhone sales continue to sink
Apple has made several moves in recent months to boost offerings outside the iPhone, such as artificial intelligence and health.

CNBC Business
Feb 19, 2019

Medtronic quarterly profit beats on strength in surgical products
Medical device maker Medtronic on Tuesday beat Wall Street estimates for quarterly profit, driven by higher sales in its surgical products unit and restorative therapies group.

CNBC Business
Feb 19, 2019

There's a pizza price war going on and Papa John's is likely to be the big loser, Stifel says
Papa John's investors will be disappointed as the company struggles to balance declining transactions and slumping profitability.

CNBC Business
Feb 19, 2019

There's a pizza price war going on, and Papa John's is likely to be the big loser, Stifel says
Papa John's investors will be disappointed as the company struggles to balance declining transactions and slumping profitability.

CNBC Business
Feb 19, 2019

Legendary fashion designer Karl Lagerfeld dies at age 85
In 1983, he became creative director of the privately-owned Chanel.

CNBC Business
Feb 19, 2019

Auto industry urges Trump not to hit imported cars and auto parts with steep tariffs
The U.S. auto industry urged President Donald Trump's administration on Monday not to saddle imported cars and auto parts with steep tariffs.

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