U.S. manufacturing output was unchanged in March after two straight monthly declines, leading to the largest quarterly decrease in production since 2017. The Federal Reserve said on Tuesday manufacturing production last month was restrained by weak motor vehicle output. Data for February was revised up to show output at factories falling 0.3 percent instead of
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The United States will push its allies at a meeting in Prague next month to adopt shared security and policy measures that will make it more difficult for China’s Huawei to dominate 5G telecommunications networks, according to people familiar with the matter and documents seen by Reuters. The event and broader U.S. campaign to limit
The much anticipated eighth season premiere of “Game of Thrones” aired Sunday — and viewership was hotter than dragon fire. Coming back from its longest hiatus in series history, “Game of Thrones” earned its highest showing for a first-run telecast with an average of 17.4 million viewers, exceeding the previous series high of 16.9 million
Best Buy on Monday said Corie Barry, currently the company’s chief financial and strategic transformation officer, will become its new chief executive officer, effective June 11, making her the first woman ever to serve in this role. Hubert Joly, who is Best Buy’s current board chairman and CEO, will become executive chairman of the board,
A few years ago, Adidas was struggling to find much interest in its TaylorMade golf clubs. After Tiger Woods’ historic Masters win on Sunday, it may want them back. The sportswear giant put the unit up for sale in 2016 to focus on its shoes and clothing, as the golf industry was under pressure. Woods
French ad holding company Publicis said Sunday it would pay about $4.4 billion for marketing services company Epsilon to give it a leg up in digital marketing and to help clients better personalize their advertising. The deal with Alliance Data Systems Corporation will entail Publicis acquiring its Epsilon business for a net purchase price of
On April 1, PagerDuty launched its IPO roadshow. CEO Jennifer Tejada had to assure employees, customers and investors that this was no April Fool’s joke. tweet But over the next 11 days, leading up to the software company’s debut on the New York Stock Exchange on Thursday, Tejada was committed to having fun amid the
Star Wars fans can finally take a vacation to a galaxy far, far away. Galaxy’s Edge, the newest Disney theme park adventure, is opening in about month in California and in Florida in August. On Saturday, during Star Wars Celebration in Chicago, executives from Walt Disney’s Imagineering and Lucasfilm revealed details about what fans can
Even though it wasn’t the rocket’s debut, “there’s been a lot of anticipation” for the massive Falcon Heavy rocket’s first commercial launch, said Ann Kim, a managing director at Silicon Valley Bank. SpaceX flew Falcon Heavy flawlessly on Thursday, putting into orbit a large Saudi Arabian communications satellite. But to Kim, while the launch’s execution
Square Inc.: “I like it. It’s fintech. I do like PayPal a little more, but PayPal is going so far so fast, and this one’s been stuck ever since the fabulous [former CFO] Sarah Friar left. Square is O.K.” Cabot Oil & Gas Corp.: “High-quality company … I think it is a good one.” Philip
The major U.S. indexes all rallied Friday on the backs of Walt Disney, J. P. Morgan Chase, and Chevron, but CNBC’s Jim Cramer warned that “this positivity” will be hard to sustain. The Dow Jones Industrial Average moved forward nearly 270 points, the S&P 500 advanced 0.66%, and the Nasdaq Composite added 0.46% during the
Disney wouldn’t have spent $73 billion on 21st Century Fox assets including National Geographic, “The Simpsons” and its movie studio if it didn’t have plans to launch its own streaming service, according to the company’s top executive. Disney Chairman and CEO Bob Iger told CNBC on Thursday that his conversations with Fox’s Rupert Murdoch were
Disney Chairman and CEO Bob Iger explained to CNBC’s David Faber that he believes customers will flock to the company’s new streaming service, Disney+, thanks to a unique combination of factors. “I’m pretty optimistic about the ability for this thing to work. Particularly when you make it accessible because of the content we’re putting on,
Jeff Bezos‘ challenge to other retailers to match Amazon‘s $15 minimum wage is just the latest boast from a high-profile company about improving worker compensation as federal lawmakers make little progress. The $15 minimum wage became a popular target for both legislators and companies alike thanks to the Fight for $15, an organization founded by
Apple has convinced its top manufacturing partner, Foxconn, and its primary chip manufacturer, TSMC, to commit to powering their operations making Apple products with renewable energy, the company announced Thursday. The two manufacturing giants are part of a new batch of 15 suppliers which have committed to run production for Apple products using clean energy,
Facebook on Wednesday announced a slew of new features in its ongoing fight against fake news, and one of them is taken directly from the playbook of bitter rival Google. The social media company said it will use a new approach called Click-Gap to reduce the amount of low-quality content, such as fake news, that
Oprah Winfrey has tapped Prince Harry to help it make a new TV show for Apple’s planned online streaming service, Apple TV+. Prince Harry is the latest of a long string of global celebrities to be attached to an Apple production. In addition to British royalty, Apple has tapped Hollywood royalty to produce and star
European stocks are set to open slightly higher Wednesday morning, with EU leaders likely to grant British Prime Minister Theresa May a second delay to Brexit. The FTSE 100 is seen little changed from the previous session at 7,427, the CAC is expected to open up around 7 points at 5,443, while the DAX is
The Senate Finance Committee on Tuesday grilled executives of five of the health care industry’s top pharmacy benefit management companies for their alleged role in raising drug costs in the U.S. Sen. Ron Wyden, D-Ore, the ranking Democrat on the committee, said Tuesday that so-called PBMs are middlemen that strike mysterious deals with drugmakers. “In
[The stream is slated to start at 10:15 a.m. ET. Please refresh the page if you do not see a player above at that time.] Executives from five of the health care industry’s top pharmacy benefit management companies are set to testify Tuesday at a hearing on the rising cost of drug prices in the