The federal government ran the second highest monthly surplus on record this April as tax revenues were pushed higher by a change in the deadline for corporate tax payments.
In its monthly budget report, the...
Wednesday, May 10, 2017 at 02:41 PM PDT
Snap Plunges on First Earnings Report as Public Company
Snap, parent company of social media site Snapchat, reported quarterly financial results for the first time on Wednesday, posting revenue that missed estimates and slower-than-expected user growth.
Wednesday, May 10, 2017 at 06:02 AM PDT
Amazon Fires Back at Wal-Mart, Lowers Free Shipping Minimum
Amazon has lowered its free shipping threshold from $35 to $25, undercutting Wal-Mart by $10 and escalating a battle between the the e-commerce giant and the largest big-box retailer, CNBC reported.
Monday, May 8, 2017 at 06:03 PM PDT
Buffett Faults United, But Sticks With Airlines Investments
Warren Buffett said Monday that United Airlines bungled the case of the passenger dragged off a plane last month, and he criticized the CEO's handling of the incident.
Buffett also said airplanes "may become...
Monday, May 8, 2017 at 01:06 PM PDT
Sinclair to Buy Tribune Media, Expanding Its Local TV Reach
Sinclair Broadcast Group, already the nation's largest local TV station operator, wants to be even bigger.
The company announced Monday that it will pay about $3.9 billion for Tribune Media and its 42 stations,...
Friday, May 5, 2017 at 09:00 PM PDT
Punching in Past 65: Older-Worker Rate Highest Since 1962
More Americans age 65 and over are still punching the clock, and the last time the percentage was this high was when John F. Kennedy was in the White House.
Last month, 19 percent of Americans age 65 and...
Friday, May 5, 2017 at 11:49 AM PDT
Feds Probe Uber's Use of Fake App to Stymie City Inspectors
The Justice Department is probing allegations that Uber used phony software to thwart city efforts to make sure the ride-hailing company follows local regulations.
The city of Portland, Oregon, says in an April...
Friday, May 5, 2017 at 06:18 AM PDT
New York City Cafe Says Starbucks Stole Its Unicorn Drink
A Brooklyn cafe that created a "Unicorn Latte" is accusing Starbucks of "overshadowing" its health-conscious drink with the sugary Unicorn Frappuccino in a new lawsuit.
The End, in New York City's Williamsburg...
Wednesday, May 3, 2017 at 04:28 PM PDT
Apple Pledges $1 Billion Boost to US Manufacturing
Apple plans to start a $1 billion fund to create more advanced manufacturing jobs in the United States, company CEO Tim Cook told “Mad Money” host Jim Cramer on Wednesday.
As CNBC reports, the fund fits into...
Tuesday, May 2, 2017 at 08:57 PM PDT
Apple's Growing Cash Stash Spurs Talk of Huge Acquisition
As Apple's stash of cash grows, so does the possibility that the world's most valuable company will use some of the money for a huge acquisition that would expand its empire beyond iPhones and other gadgets.