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New York City Caps Restaurant Delivery Fees
2020 May 27, 5:05pm | 395Read More...New York City is the latest major city to address how restaurants are faring during the coronavirus pandemic. De Blasio Signs Restaurant Delivery Legislation New York City Mayor Bill de Blasio signed on Tuesday a new set of guidelines on how the government can help bars and restaurants...
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The Most Popular Smartphone Model Of Q1
2020 May 27, 4:31pm | 494Read More...The coronavirus pandemic did little to wrest away Apple Inc.'s (NASDAQ: AAPL) pole position as the vendor of the most popular smartphone model in the first quarter, according to a report released by technology research and consultancy firm Omdia. Apple iPhone 11 Surges Ahead The...
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Why Bill Ackman Is No Longer A Berkshire Shareholder
2020 May 27, 4:13pm | 381Read More...Billionaire hedge fund manager Bill Ackman told investors on Wednesday his Pershing Square fund no longer holds any shares of Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B). Ackman's Rationale Ackman made the decision to sell Pershing's roughly $1-billion...
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Disney CEO Says The World Is 'Ready To Get Back To Some Magic'
2020 May 27, 2:45pm | 380Read More...Walt Disney Co (NYSE: DIS) on Wednesday confirmed a phased reopening of its Florida-based properties. The company will first reopen the Walt Disney World's Magic Kingdom and the Animal Kingdom on July 11, followed by Epcot and Hollywood Studios on July 15. What To Know About The Reopening...
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Sony May Hold PlayStation 5 Conference As 'Early As Next Week'
2020 May 27, 1:41pm | 258Read More...Sony Corp. (NYSE: SNE) could be holding a conference detailing news about the PlayStation 5 console as well as details surrounding the system's game lineup, Bloomberg reported. The digital event could happen as early as next week, with hints suggesting June 3. However, the date could change...
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Jay Leno Takes Elon Musk For A Drive In A Tesla Cybertruck
2020 May 27, 1:20pm | 340Read More...Comedic legend Jay Leno recently drove around in a Tesla Inc (NASDAQ: TSLA) Cybertruck with CEO Elon Musk and the two talked about the car's production process on CNBC's "Jay Leno's Garage." Here is a summary of what Musk told Leno about the truck: The final car is expected...
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Andrew Ross Sorkin, Joe Kernen Get Into Heated On-Air Argument Over Coronavirus, Trump
2020 May 27, 12:57pm | 505Read More...The coronavirus stress may have gotten to Andrew Ross Sorkin and Joe Kernen on CNBC’s "Squawk Box" on Wednesday. In many ways, the argument between Sorkin and Kernen reflects nationwide polarization over just how aggressive the U.S. should have been in combating COVID-19. What...
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What To Know About NASA And SpaceX's Crew Dragon Launch
2020 May 27, 12:01pm | 524Read More...Elon Musk’s SpaceX Falcon 9 was scheduled to launch the Crew Dragon Wednesday afternoon with two NASA astronauts on board. Due to weather conditions, the launch has been delayed — or in space jargon, the launch is scrubbing. The next opportunity to launch will be Saturday, May 30 at 3:...
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Jamie Dimon Says JPMorgan Chase 'Will Earn Quite A Bit Of Money' In 2020
2020 May 27, 10:12am | 445Read More...JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon spoke during the Deutsche Bank Global Financial Services Conference Tuesday and argued the bank's stock is "very valuable" at current levels, CNBC reported. JPMorgan Will Make Money, Dimon Says A "base case" for...
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Boeing Gearing Up To Cut US Workforce This Week, Plans To Let 2,500 Employees Go
2020 May 27, 7:21am | 308Read More...Boeing Co. (NYSE: BA) is planning to announce cuts to its domestic workforce as early as Friday. What Happened After announcing a 10% reduction in its global workforce, Boeing is cutting its workforce in the United States this week, according to a spokesperson for the Society of Professional...
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Cramer Weighs In On Beyond Meat, Canopy Growth, Penn National And More
2020 May 27, 7:14am | 316Read More...On CNBC's "Mad Money Lightning Round," Jim Cramer said Newell Brands Inc (NASDAQ: NWL) is not high quality and it doesn't have a great balance sheet. Instead of Caesars Entertainment Corporation (NASDAQ: CZR), Cramer would buy Penn National Gaming, Inc (NASDAQ: PENN)....
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YouTube Makes Its Dedicated Children App Available On Apple TV
2020 May 27, 6:30am | 288Read More...Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary YouTube on Wednesday announced its app dedicated to children is now available for download on Apple Inc.'s (NASDAQ: AAPL) TV devices. What Happened YouTube Kids will work on both HD and 4K versions of the Apple device, it said. Parental...
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Tencent To Invest $70B In Cloud, AI Projects In China, As Country Looks To Move Past Pandemic
2020 May 27, 6:10am | 351Read More...China's Tencent Holdings Ltd. (OTC: TCEHY) has committed nearly $70 billion for investment in the emerging technology sector in the country over the next five years, CNBC reported Tuesday. What Happened The WeChat parent company will invest in startups working with technologies like artificial...
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Tesla To Reduce Car Prices In North America And China
2020 May 27, 5:50am | 300Read More...Tesla Inc. (NASDAQ: TSLA) announced price cuts for all electric vehicles on Wednesday. The reduction will come into effect after coronavirus lockdowns are eased. What Happened The prices will be reduced by 6% in North America, according to Reuters. The demand for Tesla cars has dwindled...
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Justice Department Ends Probe Into Three Senators For Coronavirus-Related Insider Trading, Burr Still Under The Radar
2020 May 27, 5:36am | 343Read More...The United States Department of Justice has ended its investigation into three senators for insider trading accusations related to the novel coronavirus (COVID-19) pandemic, according to a Wall Street Journal report Tuesday. What Happened Republican senators Richard Burr, Kelly Loeffler and James...
