Top News

Top News

Jay Leno reveals what he thinks is the genius behind Elon Musk and Tesla

JAY LENO'S GARAGE -- Season 5 -- Pictured: Jay Leno -- (Photo by: Paul Drinkwater/CNBC) Jay Leno said he thinks the genius of Tesla’s CEO Elon Musk is that “he was building the infrastructure as he was building the vehicle.”

Top News

Fed allows banks to resume share buybacks, JPMorgan stock jumps 5%

The Federal Reserve announced on Friday that it will allow the nation’s big banks to resume share buybacks in the first quarter of 2021 subject to certain rules and that the industry fared well in a second round of stress tests.

Top News

Traders brace for wild action and historic volume ahead of Tesla’s entry into the S&P 500

Electric vehicle maker Tesla is poised to enter the S&P 500 in what will be the largest rebalancing in the history of that index. The new index with Tesla in it begins trading on Monday, but all the trading...

Top News

Microsoft was swept up in SolarWinds hack

Microsoft was hacked in connection with the attack on SolarWinds’ widely used management software, Reuters reported on Thursday. Like with the cyberattack of SolarWinds, hackers infiltrated Microsoft products and then went after others, Reuters said, citing people familiar with...

Top News

Coca Cola to cut 2,200 jobs worldwide in restructuring

Coca Cola will cut 2,200 employees in its global workforce as part of previously announced restructuring plans that have been accelerated by the coronavirus pandemic. “We’ve been challenging legacy ways of doing business and the pandemic helped us realize...

Top News

Largest U.S. cryptocurrency exchange Coinbase files for IPO as bitcoin soars past $23,000

Digital currency exchange Coinbase is going public as renewed investor interest in cryptocurrencies has pushed bitcoin to an all-time high. On Thursday the company announced that it has confidentially submitted a draft registration statement on Form S-1 with the...

Top News

U.S. to Blacklist SMIC and Dozens More China Firms, Reuters Says

The U.S. is preparing to blacklist Semiconductor Manufacturing International Corp. and dozens of other Chinese companies, Reuters reported, citing people familiar with the matter. Shares in China’s top chipmaker slid as much as 4.3% Friday afternoon in Hong Kong...

Top News

Here’s more evidence U.S. economy cooled in December

The numbers: A pair of surveys of U.S. businesses added to mounting evidence on Wednesday that the economy is slowing in the wake of a record coronavirus outbreak. IHS Markit said its “flash” survey of executives at service-oriented companies...

Top News

China should consider alternatives for Australian iron ore as trade tensions simmer, analyst says

SINGAPORE — As tensions between Australia and China continue to simmer, Beijing needs to think about diversifying the supply of one key commodity from Down Under, according to an analyst. Beijing imports 60% of its iron ore from Australia,...

Top News

Honda recalls 1.4M U.S. vehicles for software, other problems

Honda is recalling over 1.4 million vehicles in the U.S. to repair drive shafts that can break, window switches that can overheat and a software flaw. The software recall includes 737,000 Accords from 2018 to 2020 and Insights from...

Most Viewed

Trending Now