President Donald Trump on Friday signed a trio of executive orders to overhaul the federal bureaucracy by making it easier to fire federal workers for poor performance and misconduct, requiring that departments and agencies negotiate better union contracts and limiting the amount of time certain federal workers can spend on union business. "These executive orders will make it easier for agencies to remove poor performing employees and ensure that taxpayer dollars are more efficiently used," Andrew Bremberg, Trump's chief domestic policy adviser, told reporters at a briefing.
The Trump administration has told Congress that it's reached a deal that would allow Chinese telecommunications giant ZTE Corp. to stay in business, a source familiar with the talks who spoke on condition of anonymity to discuss a confidential matter said Friday. A resolution of the ZTE case could clear the way for the United States to make progress in its high-stakes trade talks with China. Under the agreement, ZTE would oust its management team, hire American compliance officers and pay a fine.
Oil prices fell more than $2 per barrel on Friday as Saudi Arabia and Russia discussed easing production cuts that have helped push crude prices to their highest since 2014. Brent crude futures (LCOc1) fell $2.35, or 3 percent, to settle at $76.44 a barrel. U.S. West Texas Intermediate (WTI) crude (CLc1) slumped $2.83, or 4 percent, to finish at $67.88 a barrel.
FRANKFURT/SAN FRANCISCO — Tesla Inc has flown six planes full of robots and equipment from Europe to California in an unusual, high-stakes effort to speed up battery production for its Model 3 electric sedan, people familiar with the matter told Reuters this week.
Fiat Chrysler is recalling more than 5.3 million vehicles in the U.S., Canada and elsewhere because in rare but terrifying circumstances, drivers may not be able to turn off the cruise control. The company is warning owners not to use cruise control until the cars, SUVs and trucks can be fixed with a software update. Fiat Chrysler says the condition can occur if the cruise control accelerates at the same time an electrical short-circuit happens.
Mario Batali's three Las Vegas Strip restaurants will shut down July 27, officials said Friday, as the celebrity chef faces sexual misconduct allegations from multiple women. Batali & Bastianich Hospitality ...
Year-to-date, Wells Fargo & Co (NYSE:WFC) stock is lagging the group, down 10% while other bank stocks like Bank of America Corp (NYSE:BAC) and JPMorgan Chase & Co. (NYSE:JPM) are 10 points better off. WFC stock so far has been able to withstand selling pressure from tremendous market-wide fears, its own inflammatory headlines and tremendous global volatility, and has remained in line with price expectations.
Amb. Lincoln Bloomfield, former assistant secretary of State, and Amb. Joseph Detrani, former U.S. special envoy to North Korea, discuss the outlook for North Korea relations following the cancellation of the summit between President Trump and Kim Jong...
Chesapeake Energy Corporation (NYSE:CHK) could be poised for a comeback. Now, as the company strives to repair its balance sheet, profit forecasts, as well as an emerging export market, could turn the company around and lead to massive gains in CHK stock. While the market cap and debt levels have improved over the last year, the company remains in a precarious financial position.
Following in the footsteps of BMW's custom M3 pickup trucks, engineers at Honda's Civic hatchback factory in the U.K. built their own high-performance pickup out of a 2018 Honda Civic Type R. The car is just as absurd as you would hope. The roof from behind the B-pillars has been chopped out to create a truck bed, one filled with diamond-pattern steel. The engineers managed to retain the curves of the original sheet metal, and shaped the tops of the bed sides to mirror them.
CNBC's Eamon Javers reports President Trump says he has spoken to South Korean and Japan and they are ready and willing to shoulder much of the cost associated by the United States if military operations become necessary against North Korea.
A vegetarian diet won’t just help to keep your waist slimmer — it’ll also keep your wallet fatter. Researchers from the European Association for the Study of Obesity compared a vegetarian diet with the Mediterranean diet, which is based on eating habits of those in Greece and Italy and relies heavily on fish and fruits and vegetables, and the so-called “U.S.-healthy diet” based on government-distributed dietary guidelines. To produce the analysis, researchers created two-week menu plans assessed for their nutritional quality and used the cheapest price available from Amazon (AMZN).
The Meghan Markle effect has spread to yellow gold jewelry, helping boost United States sales in the first quarter of 2018 with further gains expected, jewelers said. The first three months of the year were the strongest first quarter for gold jewelry demand in the United States since 2009, according to the World Gold Council. Sellers say that is due in no small part to the public's fascination with American actor Meghan Markle, who was engaged to Britain's Prince Harry last November and who married him in a dazzling ceremony on Saturday.
Taiwan’s loss of a second diplomatic ally in less than a month suggests China’s efforts to isolate the island are accelerating. The West African nation of Burkina Faso broke off formal relations with Taipei in favor of Beijing on Thursday, reducing to 18 the number of countries that recognize Taiwan, formally known as the Republic of China. The setback -- coming just four weeks after the Dominican Republic did the same -- puts Taiwan’s fragile diplomatic position into focus as the rift with Beijing escalates.
Filling the fuel tank for vacation driving this summer will be pricier than it has been in nearly four years for American motorists, as gasoline prices nationwide rise toward the expected average seasonal price of $3 a gallon. Lower-income consumers could be most likely to rethink their driving habits as pump prices rise, the American Automobile Association said. Prices ease as the peak summer season ends around September, AAA said, but they could remain at seasonal highs not seen since 2014.
Remember President Trump’s 2019 budget — that big document released in February and then immediately dismissed or ignored? Well, a new analysis released Thursday by the nonpartisan Congressional Budget Office finds that the president’s proposal won’t rein in rising deficits like the White House claims.CBO estimates that, over the 10 years from 2019 to 2028, the Trump budget request would cut the deficit by $2.9 trillion compared to the current baseline. The White House estimated that the deficit reduction over that time would total $5.2 trillion. ...
One big problem is uncertainty surrounding some of the new rules, especially as they relate to the taxation of international profits. The old tax law had many problems, Gleckman writes, but the flawed system at least provided the certainty that many businesses say they need to plan new capital spending. Numerous critics have pointed out that the promised surge in domestic investment as a result of the corporate tax cut has yet to materialize, and Gleckman thinks that uncertainty over how the new rules will work in practice and the possibility that they may see substantial adjustments in the near future are leading companies to sit on the cash or simply return it to shareholders through dividends and buybacks.
Tesla CEO Elon Musk has been on an extended Twitter rant against critics of the company. Tesla CEO Elon Musk now appears to think the media is his enemy. The whole thing spewed from an extended Twitter rant on Wednesday, which should be understood in the context of Musk's using the platform to manipulate the message around Tesla's numerous struggles and crises.
Wednesday was the 16th anniversary of Netflix's initial public offering. Wednesday was the 16th anniversary of Netflix's initial public offering, and an investor buying in then would have made a very impressive return over the years. After initially offering its stock at $15 per share on May 23, 2002, Netflix closed its first day of trading at $16.75, or $1.20 per present-day share after adjusting for stock splits, according to data from Yahoo Finance.
If he did, he would have details about the things that matter to customers and shareholders — the progress of the Model 3, his company's profitability, and continued efforts to make his cars as safe as possible. In light of Tesla founder Elon Musk's tweetstorms railing against media coverage against the company, I think it's a good time to remind you of something I've mentioned here before. By you I mean his customers, Wall Street, his shareholders, his creditors, his employees, and anyone who just might be interested in learning more about electric cars.
In an emotional break-up letter, president Donald Trump today canceled his summit with North Korea’s Kim Jong Un. It would be “inappropriate” to have the much-anticipated meeting, he wrote, given “the tremendous anger and open hostility displayed in [North Korea’s] most recent statement.” Trump was referring to a statement released yesterday in the name of…
California is the biggest car market in the country, with $2 million in annual sales. Shortly after Donald Trump was elected President, the Detroit big three automakers — General Motors, Ford, and Fiat Chrysler Automobiles — saw an opportunity.