Business Insider•21 hours agoDelta is cracking down on people who use fake emotional-support animals to let their pets fly for free (DAL)
Delta Air Lines is adopting stricter regulations for people who travel with service animals or emotional-support animals. The airline says the new rules are in response to a rise in safety incidents involving untrained or improperly trained animals. The stricter standards are designed to prevent people from using the airline's allowance of emotional-support animals to let their pets fly for free.
- Zacks•14 hours ago
Gilead Collaborates with Pfizer for Yescarta Combo Study
Gilead Sciences’ GILD subsidiary Kite announced that it has entered into a collaboration with Pfizer, Inc. PFE to evaluate a combination of its newly approved CAR-T therapy Yescarta (axicabtagene ciloleucel) and Pfizer's utomilumab, a 4-1BB agonist, for
CNBC.com•13 hours agoCramer's lightning round: Buy Cisco before its quarterly earnings report
AU Optronics Corp.: "OK, if you're new – and you don't want to buy a Taiwanese company to start – [and] you want to buy in that area, you want to buy Cisco. [CEO] Chuck Robbins is redoing everything. Get in Cisco before the quarter." Mondelez Intl: "I think the stock is inexpensive and the group is starting to get a couple bids underneath. I think that you could do far worse than buying Mondelez." Mitsubishi Financial Group: "You know what, you actually should [add Mitsubishi to your portfolio]. I've been working on Japan and that is a great way to play Japan. I'm going to endorse that." JetBlue: "JetBlue is OK. I'm actually talking about Southwest. My charitable trust should not have sold it.
- CNBC.com•2 days ago
Another top Silicon Valley investor slams politically correct tech culture, praises China
Mike Moritz, a top partner at Silicon Valley's most successful venture capital firm, says that the local tech culture has descended into "soul-sapping discussions" about "the inequity of life," and compared it unfavorably with the work ethic in the Chinese tech scene. Moritz, a managing partner at Sequoia Capital, wrote in the Financial Times that Silicon Valley's culture is becoming "unhinged" with discussions of things like the politics of speakers at tech companies, debates over work-life balance, and "grumbling about the need for a space for musical jam sessions." He contrasts this with China, where: "Top managers show up for work at about 8am and frequently don't leave until 10pm. Most of
- CNBC.com•2 days ago
Wrong on GE, market-beating value investor Bill Nygren says he is sticking by tanking blue chip
Oakmark's Bill Nygren shared his market views and top stock ideas in an interview Thursday on CNBC's "Halftime Report." General Electric was "the worst performing stock in our portfolio. We were seriously off," he said. However, he added his fund is sticking with its position and expressed confidence in the industrial company's new management team. "In this case, there has been a tremendous change in people," the investor said. "We think [their businesses] deserve better than average multiples. We think with a fresh look GE deserves to be in the portfolio." John Flannery succeeded Jeff Immelt as General Electric's CEO in August. Nygren said his fund owns more shares of General Electric after
Reuters•16 hours agoDelta Air to tighten rules for onboard service animals
Delta Air Lines is tightening the requirements for passengers traveling with onboard service and emotional support animals, the carrier said on Friday, following a sharp uptick in pet-related safety issues in recent years. Effective March 1, Delta, the second largest U.S. airline by passenger traffic, said it will require passengers seeking to fly with pets to present additional documents outlining the passenger's need for the animal and proof of its training and vaccinations, 48 hours prior to the flight. This comes in response to what the carrier said was a 150 percent increase in service and support animals - pets, often dogs, that accompany people with disabilities - carried onboard since 2015.
- CNBC Videos•2 days ago
Cramer: I've never seen market FOMO like this in my life
Jim Cramer said an overload of buyers in the stock market is resulting in dramatically rising stock prices.
Yahoo Finance•2 days agoMeet the man behind those ‘bitcoin genius’ ads all over the internet
There is an advertisement online that’s been stalking people as they surf around the internet. You’ve probably seen them, too: A man with wild hair and wire-rimmed glasses, staring out into the beyond, with bitcoin logos next to his face. The ad might say something like “Crypto-Genius Reveals the ‘Next Bitcoin’” or “California genius says, this is the next bitcoin.” Some even use a variation on the classic clickbait syntax: “bitcoin won’t want you knowing this cryptocurrency,” as if bitcoin were a corporation, trainer, or language professor.
Reuters•15 hours agoFTC makes second request on Broadcom's bid for Qualcomm
As part of its defense against Broadcom, Qualcomm has argued that any deal faces a long antitrust review. Broadcom said that it had anticipated the second request as a normal part of the regulatory approval process.
- Zacks•17 hours ago
Upcoming Consumer Earnings Reports to Watch: JNJ, F, SBUX
Fourth-quarter earnings season is finally underway, and investors are already getting excited about the upcoming reports from market-moving tech companies like Netflix NFLX. In the coming weeks, we will see reports from the world’s biggest and most relevant companies, meaning that investors need to be prepared for the ensuing movement that is likely to occur throughout the market. According to the latest report from Sheraz Mian, the head of the Zacks Equity Research department and an acknowledged earnings expert, earnings growth is expected to be positive for 13 of the 16 Zacks sectors—and growth rates are projected to hit the double digits for our Energy, Technology, Construction, Industrial Products, Basic Materials, and Automotive groups.
- Bloomberg•2 days ago
Ajit Jain Reports $109 Million Stake in Berkshire Hathaway
One of Warren Buffett’s top deputies has amassed a stake in Berkshire Hathaway Inc. valued at more than $100 million. Ajit Jain, the insurance executive who was named a vice chairman of Buffett’s conglomerate earlier this month, disclosed the holdings in a regulatory filing on Thursday. A large portion of the stake is held by a foundation and trusts in his family’s name, and his wife also owns some of the shares. Jain directly controls about $22 million of the stock. The disclosure offers a glimpse into the finances of one of Berkshire’s most important executives. Jain, 66, joined the Omaha, Nebraska-based conglomerate three decades ago and led a push into the reinsurance industry. Eventually
Reuters•19 hours agoAmazon boosts monthly fee for Prime by $2, maintains yearly rate
Amazon.com Inc raised the monthly fee for the U.S. version of its fast-shipping and video-streaming service Amazon Prime by $2 on Friday, making the case for subscribers to upgrade to an annual plan. It was the first increase of Prime fees in almost four years and comes at the end of another bullish year and holiday season for Amazon's dominant online shopping platform. The move also follows a rise in fees by video streaming rival Netflix Inc in October.
Reuters•15 hours agoJudge overseeing AT&T, Time Warner merger trial hears document dispute
AT&T (T.N), owner of DirecTV, is asking for documents from a long list of companies as part of preparation for a trial to determine if they will be allowed to buy movie and TV show maker Time Warner (TWX.N), their lawyer Daniel Petrocelli said in a pre-trial hearing on Friday. The Justice Department sued in November to stop AT&T, the No. 2 U.S. wireless company, from buying Time Warner for $85 billion because of concerns that it could raise prices for rivals and pay-TV subscribers as well as hamper the development of online video. Daniel Petrocelli, who represents AT&T and Time Warner, said that his team had been unable to get data requested from third parties, who had said they no longer had some of it.
- Bloomberg•yesterday
Google, Tencent Agree to Share Patents in Global Tech Alliance
Alphabet Inc.’s Google and Tencent Holdings Ltd. have agreed to share patents covering a range of products and technologies, an alliance between two of the world’s largest corporations. The cross-licensing deal comes with an understanding that the search giant and Tencent -- the world’s second largest and fifth largest company, respectively -- will team up on developing future technologies. The agreement may smooth the U.S. company’s business in China while helping Tencent’s push to expand beyond its dominant position on the mainland. The agreement is a typical industry arrangement between corporations designed to minimize patent infringements, with the U.S. company signing similar deals with
- The Street•22 hours ago
60 Seconds: Here's How Your Paycheck Will Change Thanks to the New Tax Law
Thanks to the new tax law there are new lower tax rates - that means there also need to be different withholding rates -- and THAT could that your paycheck is going to change. But give us 60 seconds and you'll tell you why you shouldn't get too excited yet. The withholding tables tell your employer how much to withhold from your paycheck each pay period so that you pay in enough tax throughout the year. Come February, many of you will have less money withheld and watch your paychecks go up. Or not. So watch our video to see if you are one of the lucky ones. (Fingers crossed for your sake.)
- SiliconBeat•yesterday
Google CEO Sundar Pichai: Coding alone can't save us from the skills gap
Too much importance put on the writing of code has created a skills gap in America’s technology industry and much of its workforce, Google CEO Sundar Pichai said in a Jan. 18 op-ed in which he called for accessible, continuous medium-level tech training — and touted Google-grown examples. “The focus on code has left a potentially bigger opportunity largely unexplored,” Pichai wrote in an article larded heavily with descriptions of Google’s own explorations into said opportunity. Flexible, ongoing educational options must be available if people are going to “thrive in the digital world,” Pichai said. “Rather than thinking of education as the opening act, we need to make sure it’s a constant, natural
- CNBC Videos•2 days ago
Steve Wozniak is still on Apple's payroll four decades af...
Apple co-founder Steve Wozniak told an audience of Silicon Valley veterans that he's still a company employee after four decades.
- Bloomberg•15 hours ago
Bitcoin Futures Cop Says It Will Remain on Beat During Shutdown
The U.S. Commodity Futures Trading Commission said it would keep tabs on Bitcoin futures trading and other markets during a government shutdown, even though it would be forced to halt many other normal activities. “One component of the agency’s mission is to oversee orderly derivatives markets, and to police those markets to ensure they are free of fraud and manipulation,” the CFTC said in a statement Friday. “In the event of a shutdown, the agency will have ‘excepted’ staff in place who will continue to perform this function across the derivatives markets -- including the virtual currency derivatives market.” The regulator’s cryptocurrency oversight responsibilities greatly increased last month
- Zacks•2 days ago
The Secret Winners from Amazon's Second Headquarters Shortlist
Amazon AMZN announced on Thursday that it had officially narrowed the list of candidates for its second headquarters down to 20, eliminating the vast majority of the reported 238 applicants and brining the remaining cities one step closer to the 50,000 jobs promised by the e-commerce behemoth. Not surprisingly, Amazon’s shortlist includes several locations in the Midwest and South and on the East Coast. Getting from 238 to 20 was very tough – all the proposals showed tremendous enthusiasm and creativity,” said Holly Sullivan, Amazon’s head of economic development, in a press release.
Associated Press•yesterdayUS oil output is booming and seen outpacing Saudis, Russia
U.S. oil production is booming and is forecast to top that of heavyweight Saudi Arabia and rival Russia this year, a global energy agency said Friday. The International Energy Agency said in its monthly market report that U.S. oil production, which has already risen to its highest level in nearly 50 years, will push past 10 million barrels a day in 2018 as higher prices entice more producers to start pumping. The price of crude has risen about 50 percent since June, with the U.S. benchmark now trading around $63 a barrel, on evidence of strong global economic growth and a pact among OPEC countries and Russia to limit their production.
Reuters•15 hours agoWall Street ends higher despite government shutdown threat
By April Joyner NEW YORK (Reuters) - Wall Street rose on Friday, led by gains in consumer stocks, even as a possible government shutdown loomed. The S&P 500 and the Nasdaq hit record closing highs, while the Dow ended the day higher after trading in a
Business Insider•2 days agoTHE TECH COMPANIES IN PAYMENTS REPORT: How technology giants are using their reach and digital prowess to take on traditional banks (GOOG, GOOGL, AAPL, FB, MSFT, AMZN)
As headlines like "Amazon Is Secretly Becoming a Bank" and "Google Wants to Be a Bank Now" increasingly crop up in the news, tech giants are coming into the spotlight as the next potential payments disruptors. To mitigate potential losses under this scenario, traditional players will have to grasp not only the level of the threat, but also which segments of the financial industry are most at risk of disruption. Google, Apple, Facebook, Amazon, and Microsoft, collectively known as GAFAM, are already active investors in the payments industry, and they're slowly encroaching on legacy providers' core offerings. Each of these five companies has introduced features and offerings that have the potential to disrupt specific parts of the banking system.
- 24/7 Wall St.•yesterday
Why Schlumberger Q4 Earnings Disappointed Investors
Schlumberger Ltd. (SLB) reported fourth-quarter and full-year 2017 results before markets opened on Friday. The oil field services firm reported adjusted diluted quarterly earnings per share (EPS) of $0.48 on revenues of $8.18 billion. In the same period
Reuters•14 hours agoVenezuela's woes poised to hit U.S. oilfield service firms' earnings
Insufficient investment, payment delays to suppliers, and the sanctions imposed by the administration of U.S. President Donald Trump have hammered Venezuela's oil industry and saw crude oil production fall 13 percent in 2017. On Friday, Schlumberger disclosed a $938 million write-down on its Venezuelan assets and receivables, citing political and economic woes affecting the country. Schlumberger and other suppliers accepted promissory notes or reclassified Venezuelan receivables in recent years as a way to manage debts from PDVSA [PDVSA.UL].
The Street•15 hours agoBitcoin Today: Crypto Regulation Takes Center Stage Ahead of Davos
It was another wild week for bitcoin. From price swings to the CFTC to the SEC and all the way to Davos, here's what you can't miss this Friday, Jan. 19. Crypto Trader Gets Caught The U.S. Commodity Futures Commission announced that it is charging Patrick K. McDonnell and his company CabbageTech with "fraud and misappropriation in connection with purchases and trading of Bitcoin and Litecoin." The Staten Island, NY-based outfit had promised customers real-time trading advice, which it never provided before it essentially disappeared after receiving payment. The commission wants to return funds to defrauded customers. SEC Nixes Crypto ETFs The Securities and Exchange Commission said that there
