This photo taken on October 17, 2018 shows a worker inspecting shoes at a factory in Qingdao in China’s eastern Shandong province. STR | AFP | Getty Images China’s manufacturing activity expanded in August, according to results of a private survey released on Monday amid the country’s escalating trade war with the U.S. The Caixin/Markit
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The 2019 Mercedes G550 SUV Mack Hogan | CNBC Mercedes first build the Geländewagen, which literally translates to off-road or all-terrain vehicle, as a military vehicle for the King of Iran. Repurposed for civilians in 1979, that rugged, archaic first-generation G-Wagen would stay in production for 39 years and eventually catch on with rappers, celebrities
In this handout photo provided by the Office of Inspector General, overcrowding of families is observed by OIG at U.S. Border Patrol Weslaco Station on June 11, 2019, in Weslaco, Texas. Office of Inspector General/Department of Homeland Security via Getty Images) Office of Inspector General | Department of Homeland Security | Getty Images Nearly 900
Gary DAngelo (L) and central Florida residents wait on the line to buy propane in preparation for hurricane Dorian at BJ’s store on August 29, 2019 in Orlando, Florida. Gerardo Mora | Getty Images As Hurricane Dorian approaches Florida as an extremely dangerous and potentially life-threatening storm, residents are scrambling to secure supplies at crowded
U.S. President Donald Trump speaks with Tim Cook, chief executive officer of Apple Inc., during an American Workforce Policy Advisory board meeting in the State Dining Room of the White House in Washington, D.C., U.S., on Wednesday, March 6, 2019. Al Drago | Bloomberg | Getty Images If you need a new television, you might
Jack Dorsey, chief executive officer and co-founder of Square Inc., speaks during a Bloomberg Television interview on Wednesday, Aug. 2, 2017. Bloombeg | Getty Images Twitter CEO Jack Dorsey’s account on the social network was compromised on Friday and began sending out erratic tweets. Dorsey’s account began sending a flurry of tweets, including some with
The CEO of Boston Beer Company told CNBC on Friday that the brewer is looking to enter the cannabis market next after its success in the hard seltzer business. “We’re not going to be the first one in, but we’re going to study and learn once the [hard seltzer] category develops. We’ll play it sometime
In normal times, the U.S. Treasury market could be described as “stable,” “reliable” or even “boring.” August, however, was not normal. Long-term government debt yields in August posted one of their most dramatic downswings in recent memory as a surge in global demand for bonds forced prices up and rates down. The benchmark 10-year Treasury
Despite recent recession fears and yield curve inversions, the bull market should live on until early 2021, analyst Tom McClellan said Thursday on CNBC’s “Closing Bell. “ “Everyone needs to just keep their pants on for now and realize that the yield curve gives a really long early warning about trouble,” said McClellan, editor of the
File photo of a ride-sharing driver displaying Lyft and Uber stickers on his front windshield in downtown Los Angeles. AP Photo | Richard Vogel Uber and Lyft on Thursday pledged $60 million to a California ballot initiative for the 2020 election that would maintain the status of their drivers as contract workers. The companies have been
American Airlines plane Silas Stein | picture alliance | Getty Images Hurricane Dorian is strengthening and forecast to hit Florida as a Category 4 storm, threatening to derail travel during the busy Labor Day weekend. Hurricane Dorian is projected to make landfall on Florida with winds reaching 130 miles per hour, according to the National
Elon Musk (R) and Jack Ma speak onstage during the the World Artificial Intelligence Conference in China on August 29, 2019. Hector Retamal | AFP | Getty Images Tesla CEO Elon Musk on Wednesday said that computers are getting smarter than humans in more and more spheres and that the trend will continue. “We will
Promotional still of Rise of the Resistance, a new ride coming to Disney’s Star Wars: Galaxy’s Edge in Orlando and Anaheim. Disney The resistance is recruiting and you answer the call. Tucked away in the old outpost on Batuu is a winding path that leads to a secret base, the home of resistance fighters like
Supporters wave signs during an address at the Time Warner Cable Arena in Charlotte, North Carolina, on September 5, 2012 on the second day of the Democratic National Convention (DNC). Mladin Antonov | AFP | Getty Images DETROIT – Federal agents raided the home of United Auto Workers President Gary Jones on Wednesday, the Federal
Ethos co-founders Lingke Wang, left, and Peter Colis, right. Ethos Ethos, the Silicon Valley start-up taking on America’s life insurance industry, just snagged $60 million in funding. The San Francisco-based company announced on Wednesday that it raised the fresh funds in a Series C round led by GV, Alphabet’s venture arm, and backed by Goldman Sachs. Existing
Oklahoma Attorney General Mike Hunter talks with the media during a break the Opioid trial in Norman, Okla., June 26, 2019. Sue Ogrocki | AP SC Johnson, maker of Drano, Pledge and other household products, is threatening to sue Oklahoma Attorney General Mike Hunter for citing the company’s slogan in the state’s opioid lawsuit against
Traders on the floor of the New York Stock Exchange. Getty Images Check out the companies making headlines midday Tuesday: Philip Morris, Altria — Altria shares popped as much as 11.3% after the tobacco giant, along with Philip Morris, confirmed the two companies were in merger talks. The deal would be an all-stock merger of
Johnson & Johnson, the conglomerate that makes every thing from pharmaceutical drugs to consumer packaged goods, was dealt a $572 million set back by an Oklahoma judge for having a hand in igniting the state’s opioid epidemic. It’s the first court case where an American drugmaker was found responsible for influencing the opioid crisis, which
Johnson & Johnson, the conglomerate that makes every thing from pharmaceutical drugs to consumer packaged goods, was dealt a $572 million set back by an Oklahoma judge for having a hand in igniting the state’s opioid epidemic. It’s the first court case where an American drugmaker was found responsible for influencing the opioid crisis, which
A Spirit Airlines airplane takes off from Newark Liberty Airport. Gary Hershorn | Getty Images How much 2 fly 2 Orlando 2 morrow? Discount carrier Spirit Airlines is planning to roll out next month booking services via text message, allowing travelers to buy flights and change reservations through text messaging platform WhatsApp — with almost as