Refueling your Chevy car or truck is about to get a little easier with the launch of Chevy’s new in-dash payment system. The in-dash service will only be available at participating Shell (RDS-A, RDS-B) stations in the near term, but will reach all stations by the end of the year. Chevy says it’s also working with ExxonMobil to bring the service to that company’s gas stations, though no timeline has been announced.
Former Yahoo Chief Executive Officer Marissa Mayer is starting a technology business incubator, Lumi Labs, with longtime colleague Enrique Munoz Torres.The venture will focus on consumer media and artificial intelligence, according to the company’s website
Amazon CEO Jeff Bezos’s annual shareholder letter, released on Wednesday evening, included an unexpected reveal. Your first question might be to wonder how that number compares to other subscription services for streaming content. To be sure, these are not apples-to-apples comparisons, since Prime is not only for video—in fact, it’s likely that the vast majority of Prime members pay for the service to get the shipping benefits, not for Prime Video.
CNBC's Morgan Brennan talks with Blue Origin CEO Bob Smith about the company's new engine for it's latest suborbital rocket and new opportunities in space exploration.
Personal income in the United States has been steadily rising. Consumers in North America are most likely to spend on technology, according to a new global survey from Acceleration Partners, a UK-based digital marketing agency. A disproportionate amount (34%) of North American respondents said tech-related purchases were their biggest sector spend.
This includes some pretty great dividend stocks. There are now plenty of dividend stocks that have wonderful long-term futures that have only been blurred by the recent downturn and volatility. There’s nothing wrong with them, their cash flows or other important dividend-related metrics.
DUBAI/LONDON (Reuters) - Top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a barrel, three industry sources said, a sign Riyadh will seek no changes to an OPEC supply-cutting deal even though the agreement's original target is within sight. OPEC is closing in on the original target of the pact - reducing industrialised nations' oil inventories to their five-year average. There is no indication yet, however, that Saudi Arabia or its allies want to wind down the supply cut.
David Hogg, an 18-year-old high school senior and survivor of the mass shooting at Marjory Stoneman Douglas High School, is now an outspoken gun law activist. He took to Twitter on Tuesday to encourage a boycott of BlackRock (BLK) and The Vanguard Group. BlackRock, Invesco (IVZ) and Vanguard are the top three institutional holders of American Outdoor Brands (AOBC), the parent company of Smith & Wesson Corp., one of the world’s largest gun manufacturers. BlackRock and Vanguard are also the largest holders of gunmaker Sturm Ruger (RGR).
Elaine Wynn is looking to reconstitute the board of Wynn Resorts Ltd., the casino company she co-founded, after a sex-harassment scandal toppled her ex-husband Steve Wynn from his job as chief executive officer. Wynn, who settled all litigation with her ex-husband this week in exchange for $25 million, said she wanted to remake the board with a majority of new members, according to a regulatory filing Tuesday. Steve Wynn stepped down from the luxury resort operator in February after a series of articles detailed his alleged harassment of female employees at the company. Wynn subsequently sold all of his shares and settled a long-running dispute with his ex-wife that now allows her to vote or sell her 9 percent stake in the company.
AT&T Inc. and Time Warner Inc. may have gained an edge in the biggest merger trial in decades as the companies have exposed weaknesses in the Trump administration’s antitrust lawsuit to block their $85 billion merger, according to lawyers and economists following the battle. As the U.S. rested its case Tuesday in the fifth week of the trial, AT&T and Time Warner have poked holes in the Justice Department’s claim that the deal would give them the power to raise prices on cable and satellite-TV competitors, and disadvantage competitors by coordinating with Comcast Corp., a major rival that went through a similar merger when it bought NBCUniversal. On Wednesday, the corporate titans themselves will face off against the government’s antitrust enforcers with Time Warner Chief Executive Officer Jeff Bewkes expected to take the stand, followed by AT&T’s CEO Randall Stephenson on Thursday.
Starbucks, moving swiftly to confront a racially charged uproar over the arrest of two black men at one of its stores in Philadelphia, plans to close more than 8,000 U.S. stores for several hours next month to conduct racial-bias training for nearly 175,000 workers. Philadelphia police released a recording of the call from the Starbucks employee that led to the arrests. In the recording, a woman is heard saying, "Hi, I have two gentlemen in my cafe that are refusing to make a purchase or leave." She gives the address of the Starbucks store, and the entire call lasts less than 30 seconds.
As bearish as I’ve been on Advanced Micro Devices, Inc. (NASDAQ:AMD), I can’t say I saw the recent decline in AMD stock coming. Just north of that level, Advanced Micro Devices stock does look more interesting. Cryptocurrency mining weakness and reports of serious flaws have weighed AMD stock down so far.
Energy sector earnings season starts rolling later this week, and as always, the party will kick off with the so-called big three oilfield services providers: Schlumberger Ltd. Schlumberger is a holding in Jim Cramer's Action Alerts PLUS. While oilfield services stocks have been riding the energy stock outperformance wave of late, investors are mostly still sitting on the sidelines, according to Tudor, Pickering, Holt & Co. analysts.
Apr.18 -- On "Charting Futures," Dennis Gartman, editor of The Gartman Letter, joins Abigail Doolittle to talk about the "most important" chart of the year and one that shows a cross between the two-year yield and the S&P 500's dividend yield. Find out why Gartman thinks this is a bearish signal for stocks.
HONG KONG (AP) — Asian shares rose on Thursday as improving optimism about the global economy helped investors shake off worries about geopolitical risks for the moment.KEEPING SCORE: Japan's benchmark Nikkei 225 index rose 0.6 percent to 22,293.97 and
Peris Kimeli and Betsy Cheruyot were students at Kenyatta University thinking about launching a business when they applied for their first loans from the mobile lending company, Tala. Kimeli and Cheruyot took that $15 loan and went to Nairobi's famous secondhand market, Gikomba, where they bought 15 dresses at 100 shillings each and resold them in dorms and hostels for 200 shillings. Similar stories are playing out in cities across the world -- in countries like India, Mexico, the Philippines and Tanzania -- all because of Tala, a young, Santa Monica, Calif.-based, financial services startup.
Iran will start reporting foreign currency amounts in euros rather than U.S. dollars, state media said on Wednesday as part of the country's effort to reduce its reliance on the U.S. currency due to political tension with Washington. Central bank governor Valiollah Seif said last week that Supreme Leader Ayatollah Ali Khamenei had welcomed his suggestion of replacing the dollar with the euro in foreign trade, as the "dollar has no place in our transactions today". U.S. President Donald Trump has threatened to exit a 2015 nuclear deal Iran made with world powers unless it is revised.
My “It's only Wednesday? Really!?” morning train reads:Tesla CEO Elon Musk’s email to employees (Electrek); see also The Half-Life of Danger: The Truth Behind the Tesla Model X Crash (the Drive)The II300: How the Largest Asset Managers Are Bracing for
Stocks are struggling to consolidate Tuesday's gains and are also dealing with some rotation. There isn't much follow-through in yesterday's big gains although the FAANG names and Amazon , in particular, are holding up well. At around 180, there are
The news sent SunPower's shares up 12 percent on the Nasdaq to their highest level since before President Donald Trump imposed 30 percent tariffs on imported solar panels in January. SunPower is based in San Jose, California but most of its manufacturing is in the Philippines and Mexico.
The U.S. and Russia have put off decisions on economic sanctions against each other, but the logic of their downward-spiraling relationship suggests that further restrictions are inevitable. It's difficult to predict where the U.S. will land on the issue, and who might end up suffering the consequences. The Kremlin's response is all but certain: It will intentionally target Russians more than Americans. Whoever came up with the idea of making it impossible for UC Rusal, the aluminum company of Russian billionaire Oleg Deripaska, to operate in the U.S. probably didn't consider its unintended effects. For example: What would it do to the global aluminum industry's supply chain? Or Australian-British
Elon Musk wants staff to cut short unproductive phone calls and meetings as he aims to boost production of the Tesla Model 3 over the next few months. Work has temporarily halted at Tesla plants in California for upgrades aimed at increasing output from 2,000 to 6,000 cars per week by the end of June. A leaked email outlined other ways staff could help streamline operations. These include walking out of meetings, sidestepping the chain of command and ignoring company rules on occasion. Increasing production of the Model 3 is considered key to shifting Tesla from loss-making to profitability, but the firm has repeatedly missed previous production targets. In the leaked email, published by website
Cramer praises Home Depot's tech-centered push 8 Mins Ago | 00:53 CNBC's Jim Cramer has found one surefire way to boost your stock on a tepid day like Wednesday: say you're making investments in technology to make your company more efficient. "Just look at the stock of Home Depot," the "Mad Money" host said. "[It] announced this morning that it's hiring 1,000 technical professionals as part of its $11 billion strategic investment plan, and [its stock] was rewarded with a nearly 3 percent rally." Home Depot's stock finished Monday's trading session at $179.85 a share, up $4.94 per share. While some might argue that Home Depot is just a "publicity-hungry" retailer trying to artificially raise
New York’s attorney general has launched an initial probe into 13 cryptocurrency exchanges, one of them being the Gemini exchange that’s run by the Winklevoss twins, Cameron and Tyler. Coinbase, the U.S.’s biggest cryptocurrency exchange, was also included. Attorney General Eric Schneiderman said Tuesday that he wants to “improve transparency and accountability” in the sector.
Procter & Gamble has added to its consumer health business by acquiring a unit from Germany’s Merck KGaA for about $4.21 billion. The purchase adds a portfolio of physician-supported brands to P&G brands such as Vicks, Metamucil, Pepto-Bismol, Crest and Oral-B. “We like the steady, broad-based growth of the OTC Healthcare market and are pleased to add the Consumer health portfolio and people eoif Merck KGaA, to the P&G family,” said David Taylor, Chairman of the Board, President and Chief Executive Officer.