They will talk about how their companies have tackled societal issues — from diversity to climate change. Issues like climate change are more tangible, due to disasters like the wildfires in Australia. Shareholder advocacy groups like As You Sow are pushing for shareholder votes on issues including climate change and human rights. Muilenburg was a board member of the Business Roundtable until he was ousted as Boeing CEO in December. But the minimum wage debate — like climate change, board divers

What world leaders coming to Davos know is that history’s course is up for grabs again. As with the end of World War I, the Cold War’s end in 1989 spawned premature declarations of democracy’s triumph. As world leaders gather in Davos next week at the dawn of the 2020s, they confront a similarly decisive historic moment and a comparable set of dashed hopes. A century ago this month, the Treaty of Versailles went into effect, bringing World War I to an end. A century ago, the failure of global le

Bill Lee speaks during a Gospel Music Association ceremony in Nashville. He plans to sign an adoption bill that the LGBTQ community and many businesses say is discriminatory. Bill Lee’s plans to sign an anti-LGBTQ adoption bill into law. Dubbed the “Slate of Hate” by activists, the proposals have prompted several businesses to reaffirm their opposition to anti-LGBTQ laws. In April of last year, 11 companies signed a letter in coalition with the Human Rights Campaign denouncing Tennessee’s anti-L

This massive 17,300-square-foot, waterfront villa on the market for $25 million is one of the largest homes in all of Los Angeles’ Bel Air neighborhood. Aaron Kirman PartnersThe home has nine bedrooms and 15 bathrooms, including a very spacious master suite with breathtaking water views. Waterfront views Aaron Kirman Partners”[The master] is as big as most people’s actual houses are,” says Luxury broker Aaron Kirman who has the listing. Wine cellar Aaron Kirman PartnersAnd there’s also a subterr

Anchorage, AlaskaOverall score: 41.21 Yearly cost of living rank: 4 Daily cost of living rank: 1009. Arlington, TexasOverall score: 41.27 Yearly cost of living rank: 9 Daily cost of living rank: 95Wichita, Kansas. Wichita, KansasOverall score: 41.31 Yearly cost of living rank: 8 Daily cost of living rank: 77. Gilbert, ArizonaOverall score: 45.32 Yearly cost of living rank: 1 Daily cost of living rank: 66Plano, Texas. The city scored poorly in several categories, including the percent of median i

Larry Kudlow, director of the U.S. National Economic Council, speaks to members of the media outside the White House in Washington, D.C., U.S., on Monday, Oct. 7, 2019. WASHINGTON — The Trump administration is “looking at” making changes to a decades-old global anti-bribery law, White House economic advisor Larry Kudlow told reporters on Friday. “We are looking at it, and we have heard some complaints from our companies,” Kudlow said, responding to a question about the Foreign Corrupt Practices

Technology executives said that Apple’s App Store platform has too much power in a congressional hearing in Boulder, Colorado on Friday. For Apple, the entrepreneurs focused on Apple’s App Store, which is the only way for most people to install software on an iPhone. “Every application maker using the App Store lives in fear that their application is denied,” Hansson said. Developers who disagree with an App Review decision, which is made based on Apple’s App Store guidelines, can appeal to a bo

Chime CEO Chris Britt on teaming up with NBA’s Dallas MavericksChime CEO and co-founder Chris Britt joins CNBC’s “Power Lunch” team to discuss the online banking company, the financial sector and his outlook for the company and the industry. Also, the Dallas Mavericks secured a jersey patch sponsorship with Chime for roughly 3 years. NBA jersey patch sponsorships can currently earn up to $20 million per season.

Why American Eagle closed all its shops in the UKIn 2014, American Eagle Outfitters opened two stores in London and one in Kent. Those stores didn’t last long — the teen and young adult retailer closed them just three years later. Retail experts say American retailers don’t do enough to tailor their products to what UK consumers want.

Sonos CEO Patrick Spence, PopSockets CEO David Barnett, Basecamp CTO David Heinemeier Hansson and Tile General Counsel Kirsten Daru took the stand. On Friday, executives from four companies aired their grievances about the Big Tech giants to Congress without the protection of a closed door. Like any brand, however, PopSockets is free to choose which retailers it supplies and chose to stop selling directly through Amazon. The witnesses described some of the tactics that could make smaller players

The major averages closed out a strong week with slight gains amid strong economic data and earnings results. Meanwhile, 72% of the S&P 500 companies that have reported thus far have beaten analyst expectations, FactSet data shows. To be sure, the recent run-up in stocks has led some investors to worry the market may be getting ahead of itself. Boeing and JB Hunt shares slideBoeing shares dropped 2.36% after news broke that of the aircraft manufacturer’s beleaguered 737 Max plane was experiencin

Former Walmart chief executive David Glass, who owned the Kansas City Royals for nearly two decades before selling the franchise last fall, died last week of complications from pneumonia. The Glass family said the businessman died Jan. 9. Glass began negotiations early last year to sell the Royals, who reached the World Series twice under his ownership and won the title in 2015. The deal valued at about $1 billion with a group led by Kansas City businessman John Sherman was completed Nov. 26 aft

The Supreme Court will decide whether Electoral College voters have a constitutional right to cast ballots for candidates who didn’t win their state’s popular vote, the justices announced in an order on Friday. The justices said they will hear two cases brought by Electoral College voters in Washington state and Colorado who refused to vote for Hillary Clinton in 2016 despite her wins in those states. Like most states, Washington and Colorado require their electors to follow the will of their st

A division of the U.S. Department of Transportation is looking into driver complaints that Tesla electric vehicles may suddenly accelerate on their own. These complaints, when tallied, allege that unintended acceleration of Tesla electric vehicles may have contributed to or caused 110 crashes and 52 injuries. This time, what Terry describes as sudden unintended acceleration (SUA) led to a four-car crash that injured two people. I didn’t expect to see such a large number of [sudden unintended acc

The Treasury Department is issuing a 20-year bond for the first time in 34 years to help pay for the ballooning $1 trillion dollar budget deficit. On Friday, news of the 20-year triggered a so-called “steepening” trade where Treasury yields on the long end of the curve rose, like 10-year and 30-year yields, and shorter duration yields, like the 2-year, fell. Strategists say investors were betting the new 20-year will help drive rates higher at the long end of the Treasury curve. “At that time, w

U.S. health and Homeland Security officials will begin screening at major U.S. airports for the new Chinese Coronavirus that has caused two deaths and more than 40 infections in China. “Investigations into this novel coronavirus are ongoing and we are monitoring and responding to this evolving situation,” he said in a statement. The CDC will monitor the outbreak of the coronavirus, which originally started in Hubei Province, China. But it’s rare for an animal coronavirus to evolve and infect peo

Worldwide oil demand forecasts may be lower than in previous years, but OPEC Secretary-General Mohammed Barkindo said Friday to CNBC that demand growth is still “robust” and could surprise to the upside over the course of 2020 as trade tensions subside. In December OPEC+, which is the 14-member cartel as well as its allies, agreed to cut production by an additional 500,000 barrels per day for the first quarter of 2020. This lifted total production cuts to 1.7 million barrels per day, above the 1

Just a few dozen S&P 500 companies report in the four-day trading week, including IBM Tuesday and Intel on Thursday. The S&P 500 gained nearly 2% in the past week, its best week since August. The S&P 500 closed at a record 3,329 Friday and is now up about 3% since the start of the year. The Nasdaq rose 2.3% in the past week, ending at 9,388. If not for the drag from energy companies, profits for S&P 500 companies would have been 1.9% higher.

The S&P 500 has already jumped nearly 3% for 2020, rising more than 1% this week to reach fresh record highs. Historically, the S&P 500 has lost an average of 5% annually since 2006 when the composite is above 62.5, or showing excessive optimism. The S&P 500 has also gone a long time without posting a big drawdown. Still, overall S&P 500 earnings are still forecast to fall by more than 2% for the fourth quarter following last week’s reports. The forward S&P 500 price-to-earnings ratio — a widely

The goal for the program, as explained to CNBC, is to create a “loyalty group” for Bloomberg’s campaign, according to one of the organizers. Presidential candidate Mike Bloomberg is creating a team of fundraising experts to recruit wealthy donors. “As you’ve previously reported, the Bloomberg campaign is recruiting a broad group of supporters who are interested in defeating Donald Trump,” Wood said. In Hollywood, people close to film executive Jeffrey Katzenberg, who has donated to a wide range