Alberto Salazar Phil Noble | REUTERS Nike says it’s taking allegations about the body-shaming that went on at the Oregon Project “seriously,” and that it will launch an “immediate” investigation to hear from runners on the now-shuttered team. “These allegations are completely inconsistent with our values,” a spokesperson told CNBC in an emailed statement. On
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Workers load goods for export onto a crane at a port in Lianyungang, Jiangsu province, China June 7, 2019. Reuters China’s exports and imports beat forecasts in October, Reuters reported citing data from the country’s customs. In dollar terms, exports fell 0.9% while imports fell 6.4% from a year ago in October. Trade balance for
CNBC’s Jim Cramer explains why the stock market’s recent rally creates an opportune time to make a profit. The “Mad Money” host also argues that China’s crackdown on fentanyl is a concrete sign that Beijing is serious about trade talks. Later on, Cramer dissects why 5G is back in vogue on Wall Street and learns
Drake performing at the 2017 Coachella Valley Music And Arts Festival in Indio, California. Christopher Polk | Getty Images Canopy Growth is forming a new cannabis wellness company with musician Drake as it expands its portfolio of celebrity partners, the company announced Thursday. The Ontario-based cannabis company is launching the More Life Growth Co. with the
An Airbus A380-800 passenger plane of the Emirates Airlines at Moscow’s Domodedovo Airport. Mikhail Tereshchenko | TASS | Getty Images DUBAI — Emirates airline reported a massive comeback in its half-year earnings Thursday with a 282% jump in profits to 862 million dirhams ($235 million), thanks in part to lower fuel prices. The head-turning figure
CNBC’s Jim Cramer explains why Xerox’s reported bid for HP will not materialize, while also giving his thoughts on the benefits of mergers and acquisitions. The “Mad Money” host also talks with CVS’ CEO on the health-care giants’ impressive quarter and his reflections on teen vaping. Later on, Cramer explains why Lyft’s stock is worth
John Barrasso, a U.S. senator from Wyoming and a physician, slammed Democratic presidential candidate Elizabeth Warren‘s “Medicare for All” plan, saying Wednesday on CNBC that patients would pay more through higher taxes for less coverage and wait longer for nonemergency treatment. “Even Democrats are pushing the panic button on this one,” said Barrasso, the third-ranking
Impossible Foods, the maker of plant-based meat, sees a “huge opportunity” in China — one of the world’s largest meat consuming markets, its CEO Pat Brown told CNBC. The company was present at the China International Import Expo in Shanghai this week, where it said it expects to serve about 50,000 free samples of its
CNBC’s Jim Cramer breaks down why Wall Street is turning down some high-growth stocks in lieu of other value stocks. The “Mad Money” host sits down with FireEye CEO Kevin Mandia to get insight into what role cybersecurity will play in the 2020 election. Later in the show he takes a look at three high-yield
Disney releases Frozen II trailer to hit theaters in Nov. 2019. Source: Disney In its first day of advanced ticket sales, “Frozen 2” has sold the most tickets of any other animated feature on Atom Tickets. Advanced tickets became available on Nov. 4, just a few weeks before the film’s release on Nov. 22. Disney
LOS ANGELES — As Hollywood’s ticket sales slow in the U.S. — thanks to piracy and streaming services like Netflix and Hulu — China’s growing appetite for movies is helping to make up the difference. Experts predict that by 2020, China will be the world’s largest cinema market, with box office revenue expected to jump
LendingTree, Inc.: “I like LendingTree in this environment. Doug Lebda is killing it. He’s crushing it. We are Lebda supporters from way back. It’s buy time.” Avita Medical: “What’s the one? … I don’t know that one. I’ll have to come back on that. That’s a foreign company.” Scorpio: “It’s crazy town in that group.
Cecilie_Arcurs | E+ | Getty Images Workers in the technology industry are some of the happiest overall, and why shouldn’t they be? With their high salaries, enviable perks, and jobs that really are changing the way the world works, tech workers are a lot better off than workers in struggling industries. In the latest quarterly
The Boeing 737 Max aircraft has the potential to be a “game changer” despite its delayed return to service following safety concerns, Ryanair CEO Michael O’Leary said Monday. Speaking to CNBC, O’Leary said the Irish budget airline is not expecting its first delivery of the 737 Max until March or April 2020, adding that time
Kevin Plank, founder and CEO of Under Armour sportswear, in his office in Baltimore, Maryland on October 1, 2009. Bill O’Leary | The Washington Post | Getty Images Under Armour faces a federal criminal investigation over accounting practices allegedly used to make its finances look healthier, The Wall Street Journal reported Sunday, citing people familiar with
Rolls-Royce Cullinan Source: Rolls-Royce Rolls-Royce, Bentley, Lamborghini and Maserati have long histories of building high-end, exclusive cars for wealthy clients. All four, though, have introduced SUVs in recent years to help claim their share of the rapidly expanding market. It’s working. The Rolls-Royce Cullinan, Bentley Bentayga, Lamborghini Urus and Maserati Levante have all been triumphant
UAW President Gary Jones will take a leave of absence effective Sunday after a vote by the union’s executive board. “The UAW is fighting tooth and nail to ensure our members have a brighter future. I do not want anything to distract from the mission. I want to do what’s best for the members of
Google hired David Feinberg from Geisinger Health, a system of hospitals based in Pennsylvania, toward the end of 2018 and put him in charge of a newly created division called Google Health. But the company has remained quiet about the division’s scope and goals. Now he’s beginning to talk publicly about his plans, and appeared
Farmer walks through his soy fields in Harvard, Illinois. Nova Safo | AFP | Getty Images Farm bankruptcies in September surged 24% amid a perfect storm created by President Donald Trump’s trade war with China and Europe, slumping commodity prices, and a year of unfavorable weather. This August, the USDA reported that more than 19.4
October’s robust jobs report doesn’t reflect an economy that’s falling into recession, CNBC’s Jim Cramer says before giving a preview into what’s on his trading calendar for next week. The “Mad Money” host is bullish on the housing market and offers suggestions to play the homebuilder sector. Later in the show he takes aim at