Please refresh the page if you do not see a player above at that time.] President Donald Trump’s impeachment trial resumes Wednesday, with the Senate poised to question his legal team and the House managers. In Monday’s arguments, Trump’s lawyers ignored the news, based on an unpublished manuscript of Bolton’s forthcoming memoir. “You cannot impeach a president on an unsourced allegation,” Sekulow said, calling the report “inadmissible” as evidence, though he did not deny the allegation. Followi

President Donald Trump’s impeachment trial in the Senate is set to resume Wednesday afternoon, with the upper chamber poised to question his legal team and the House managers. Senators will have 16 hours over two days to ask questions of the House managers and the defense team. The relationship between the abruptly halted aid and the investigations Trump wanted is at the heart of the impeachment case. Mitt Romney of Utah and Susan Collins of Maine signaled an increased interest in voting to allo

Bernstein analyst Toni Sacconaghi defended his cautious view on Apple on Wednesday, telling CNBC he still believed the stock has become overvalued. Apple reported revenue growth of 9% to $91.8 billion, led in part by larger-than-anticipated growth in iPhone sales. Apple didn’t beat expectations on services, while most thought it would “at least meet or beat” forecasts, Sacconaghi said. Sacconaghi incorrectly suggested Apple’s wearables business, which includes products such as the Apple Watch an

skynesherThe Federal Reserve’s decision Wednesday to keep interest rates steady came as a relief to many. “If the Fed is on hold, we are at least on hold with lower interest rates,” said Greg McBride, chief financial analyst at Bankrate.com. When the Fed raises or lowers short-term rates, the prime rate moves in lock step and credit card rates follow suit. Those burdened with high-interest debt can reach out to their issuer directly to request a break on interest rates. “You are in a position to

Federal Reserve Chairman Jerome Powell speaks Wednesday with reporters following the central bank’s two-day policy meeting. The central bank decided to keep rates unchanged on Wednesday. Over the past few months, Powell had been saying the Fed is unlikely to change interest rates so long as growth remains stable and inflation is contained. Besides looking at monetary policy, the central bank also has a number of other tasks on its table. Follow CNBC’s live Fed blog for highlights of the Powell p

WASHINGTON — While the Federal Reserve kept its benchmark rate steady, it did make an adjustment Wednesday to the interest it pays on funds stored at the central bank. The Fed boosted the interest on excess reserves rate 5 basis points to 1.6% even as it kept the benchmark funds rate in a target range of 1.5% to 1.75%. The Fed had cut the IOER last year as the funds rate moved to the top of its range. In recent months, though, the funds rate had been near the bottom of its range, around 1.55%, w

Tesla co-founder and CEO Elon Musk gestures while introducing the newly unveiled all-electric battery-powered Tesla Cybertruck at Tesla Design Center in Hawthorne, California on November 21, 2019. Tesla bear Bank of America was forced to hike its forecast on the electric carmaker’s stock, after its massive rally has left the bank’s old target in the dust. Analysts at the bank reiterated their underperform rating on Tesla, while raising its 12-month price target on Tesla to $350 from $240 on Wedn

Coming soon to your smartphone: a Goldman Sachs digital checking account. The bank is working to release a digital wealth management tool this year and a checking account in 2021, Goldman executive Eric Lane said Wednesday at the New York-based bank’s first investor day. “We aspire to be the leading digital consumer bank,” Lane told investors. “We’re starting with loans, we added savings and cards, and we’re working to build out the balance of the digital products suite, including wealth and che

Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, October 23, 2019. Wall Street analysts think Facebook investors are in for another big quarter when the company reports its fourth-quarter earnings report on Wednesday after the bell. The company has a wide-ranging platform with features like Stories, Messenger, and WhatsApp that analysts say should accelerate growth. Analysts will also be listening closely for commentary on politic

The word “virus” or “coronavirus” was mentioned by 27 different S&P Composite 1500 companies on earnings calls this week, according to CNBC’s screening using FactSet. The Wuhan virus has infected more than 6,100 people in China, topping the number of cases from 2003’s SARS virus. McDonald’s management also called the Chinese virus “concerning” on its earnings call on Wednesday. Here are some of the other companies mentioning the virus on earnings calls this week. Smith”At this time, our supply c

This is what Apple’s Macintosh computer looked like in 1983Here’s a look at what one of Apple’s earliest desktop computers looked like in 1983.

Steve Jobs talks about Apple’s Macintosh computer in 1983Watch the late Steve Jobs discuss one of Apple’s first personal desktop computers, the Macintosh.

But in the early 1980s, Microsoft was one of Apple’s biggest software developers, with Gates and his team creating Microsoft software specifically for the new Macs, including the first version of Microsoft Word. In the 16-minute internal promo video from 1983, Gates notes that Microsoft had already been working with Apple on the Macintosh for roughly two years. Embedded below is a clip of Gates discussing Microsoft’s work on Macintosh software from the 1983 promo video. Embedded below is a clip

Home buying is expected to keep picking up in 2020, with mortgage rates around a full percentage point lower than they were this time last year. Prices are getting a boost in many markets, too, with housing inventory low across the country. The prices reflect the typical monthly mortgage payment for buyers in April 2020, based on a 3.6%, 30-year fixed mortgage rate. The 10% down payments include a typical PMI payment. Your actual rates and mortgage payments will, of course, vary depending on you

Why Goldman Sachs is hosting an investor day for the first timeCNBC’s Wilfred Frost reports on why they’re holding its first-ever investor day from their office in New York.

Fed keeps rates unchangedThe Federal Reserve votes to keep interest rates unchanged. CNBC’s Steve Liesman reports.

Why trademarks and patents are so valuableImagine Nike without the swoosh, McDonald’s with no golden arches or Apple without an apple. Trademarks and patents can make or break a company. In the U.S. alone, intellectual property-intensive industries contribute trillions of dollars to the economy every year, and IP has become a key battleground between the world’s biggest economic powers, the U.S. and China. Watch the video to find out what makes them so profitable.

Penn National Gaming — Shares of the casino company soared 12% after Penn National said it is buying a 36% stake in media company Barstool Sports. Dow — Shares of Dow are up roughly 5.2% after the company beat expectations on the top and bottom lines. Raymond James upgraded the social media company to strong buy from outperform on optimism that it will beat earnings expectations. The company beat on top and bottom line in its fourth-quarter results, however. McDonald’s — Shares of McDonald’s ros

U.S. President Donald Trump’s peace plan faced swift criticism after it was announced on Tuesday stateside. But one analyst told CNBC that America and Israel may have a “window of opportunity” to push this deal through. That’s because there are “looming issues” in the Middle East and priorities in the Muslim world appear to have changed, said Ryan Bohl, Middle East and North Africa analyst at Stratfor. “There are bigger issues, bigger fish to fry in the Middle East,” he said, citing the possibil

Big companies, from Apple to Ford to Kraft Heinz, have restricted their employees’ China business travel or scaled back operations because of the virus. The virus is spreading as the pace of global air traffic growth has begun to moderate. November traffic growth rose 3.3% from a year earlier, the International Air Transport Association, or IATA, reported earlier this month. Boeing CFO Greg Smith noted in a call with analysts Wednesday the moderation in air traffic growth and said the “impact of