Former U.S. Rep. Chris Collins (R-NY) exits federal court on October 1, 2019 in New York City. Disgraced former Rep. Chris Collins faces sentencing Friday in the insider-trading case that led him to give up his seat in Congress. ET in federal court in lower Manhattan. Chris Collins himself did not trade Innate stock after learning about the test results. The younger Collins and Stephen Zarsky, his fiancee’s father, will be sentenced next week in the insider trading case.

Adidas is banking on pop icon Beyonce, who’s dominated the airwaves for more than two decades, to do the same for the company with her new adidas x Ivy Park activewear collection, which makes its debut in adidas stores and online at midnight. Beyonce’s Ivy Park collection originally rolled out in 2016 with Topshop, but the singer pulled the line after sexual harassment claims were filed against owner Sir Philip Green. Beyonce fully acquired full control of Ivy Park brand by purchasing back share

Usually, NFL head coaching deals don’t exceed five or six years, but Gruden changed that with this agreement. “It raised the bar,” former NFL head coach Tony Dungy told CNBC in an interview. In the NFL, coaching contracts are not included in a team’s salary cap, so those numbers don’t typically get released. Head coach Matt LaFleur of the Green Bay Packers is congratulated by head coach Pete Carroll of the Seattle Seahawks after their 28-23 win in the NFC Divisional Playoff game at Lambeau Field

The “Mad Money” host sat down with the CEO and CFO of Microsoft to get a deeper look in to the software giant’s ambitious sustainability plan. Later in the show he got insight into CBD medicine sales with the head of British pharmaceutical company GW Pharmaceuticals. Cramer is bullish on Microsoft’s ambitious sustainability plansSatya Nadella, chief executive officer of Microsoft Corp., speaks during a climate initiative event at the Microsoft Corp. campus in Redmond, Washington, U.S., on Thursd

Microsoft’s stock price has more than quadrupled since Satya Nadella took over as CEO six years ago, thanks to the company’s rapid growth in cloud computing. But Nadella credits his predecessor, the louder and more outspoken Steve Ballmer, for making the decision to take on Amazon Web Services in cloud infrastructure, where Microsoft is now the clear No. “The guy who gave me permission to do all this was Steve Ballmer,” Nadella told CNBC’s Jim Cramer on Thursday, in an interview on “Mad Money” f

Jim Cramer: Microsoft’s attempt to fight climate change matters”Whether or not Microsoft can save the environment, what matters is that they’re making the attempt and the stock wasn’t punished for it,” CNBC’s Jim Cramer says.

Red Robin and Taco Bell are both addressing manager turnover by improving compensation. Red Robin’s turnover rates for managers and general managers fall below the industry average, according to its investor presentation at the ICR Conference on Tuesday. But the casual dining chain is still looking for ways to get general managers to stick around even longer. Earlier in the week, Red Robin said it expects same-store sales to rise 1.3% in its fourth quarter, but customer counts fell 3.4%. Red Rob

Microsoft is on a mission to become carbon negative in the next decade, and CNBC’s Jim Cramer thinks the ambitious plan has some teeth to it. Earlier, Microsoft CEO Satya Nadella announced the company’s goal to not only curb its carbon footprint but to extract more carbon than it emits by 2030. Microsoft’s plan includes a $1 billion “Climate Innovation Fund” that would be invested over four years in carbon removal technology. “The president doesn’t seem to regard climate change as a serious issu

The new rule would limit states from waiving those standards, instead restricting their use to those areas that have a 6% unemployment rate or higher. The national unemployment rate in October was 3.6% . The coalition said the rule undermines Congress’ intent for SNAP and that the USDA violated the federal rulemaking process. They also argue that the rule would impose significant regulatory burdens on states and harm states’ economies and residents. In the lawsuit, the states argue that the admi

Looking at sales from pickup trucks as a proxy for the health of small businesses in the U.S., DataTrek Research found that 2019 ended on a strong note, and that sales show “little sign of turning lower as we start the new decade.” The firm says this data gives a read on the economy since it encapsulates everyone from an “oil field service company” to the “local arborist,” and is typically a discretionary purchase. “Purchasing a new vehicle is entirely discretionary; they can always fix the old

Solid economic data coupled with strong quarterly earnings and a tailwind from the U.S.-China trade deal signing lifted stocks to record highs. Morgan Stanley’s quarterly earnings also helped improve sentiment around the season and added to a solid start to the reporting period. To be sure, with stocks trading at all-time highs, corporate earnings will have to be good enough to justify the market’s high valuation. Morgan Stanley jumps on earningsShares of Morgan Stanley jumped 6.61% after the ba

[The stream is slated to start at 12 p.m. The Senate is slated to hear the articles of impeachment against President Donald Trump on Thursday, marking the start of the historic trial. House impeachment managers marched the articles to the Senate on Wednesday evening after House Speaker Nancy Pelosi signed off on them. The impeachment inquiry was triggered by Trump’s July 25 phone call with Ukrainian President Volodymyr Zelenskiy. While withholding congessionally approved military aid, Trump in t

President Donald Trump on Thursday announced a series of new rules and guidance memos designed to push federal funds to religious organizations and advance prayer in public schools. In a reversal of Obama-era requirements that tightly restricted religious organizations receiving taxpayer money, almost a dozen federal agencies are rolling out proposals meant to ease those restrictions on religious groups, including schools and churches. The rule could override the Blaine Amendments, which prohibi

You may have noticed Google’s search results look a little different this week. Google has added small logos to each search result that appear when someone enters a search query on their desktop. For example, a CNN or Fox News logo appears next to results that come from their respective news sites. But the logos show up for each search result — not just news and ads. “This new design allows us to add more action buttons and helpful previews to search results cards, all while giving you a better

Carlos Beltran talks after being introduced as manager of the New York Mets during a press conference at Citi Field on November 4, 2019 in New York City. The New York Mets announced Thursday that manager Carlos Beltran will leave the team after he was named in the MLB report on the Houston Astros sign-stealing scandal. Considering the circumstances, it became clear to all parties that it was not in anyone’s best interest for Carlos to move forward as Manager of the New York Mets.” Beltran, who p

Comcast-owned NBCUniversal unveiled details of its new streaming service Peacock on Thursday afternoon, and it promises to be light on ads. Viewers will see fewer than five minutes of ads per hour on both the free version of Peacock and Peacock Premium, the latter of which is included with Comcast and Cox subscriptions but otherwise costs $4.99 per month. Hulu, which is majority-owned by Disney, told CNBC that it shows roughly nine minutes or less of commercials per hour on its $5.99 ad-supporte

In this Wednesday, Jan. 15, 2020, photo, Belith Ariza, a barista trainer at Starbucks, opens the doors to the community meeting space at a local Starbucks Community Store, in Phoenix. The effort will bring to 100 the number of “community stores” Starbucks has opened since it announced the program in 2015. The coffee shops are profitable, he said, and have the same menu as regular Starbucks stores. Brett Theodos, a senior fellow at the Urban Institute who studies economic development, said he has

Jim Cramer, host of CNBC’s “Mad Money,” is looking at one particular group of stocks after the first leg of the deal. “Our tariffs really didn’t come down much at all with the expectation that China scratches our backs and we’ll scratch theirs. We’ve just been lightening up as the market keeps going up and up and up despite fundamentals. David Lebovitz, global market strategist at J.P. Morgan Asset Management, is going back to earnings and the fundamentals. Steven Milunovich, managing director a

The science is clear that environmental sustainability must factor in a corporation’s growth plans, or the capitalist and economic system the U.S. enjoys “will fundamentally be in jeopardy,” Microsoft CEO Satya Nadella told CNBC Thursday. Climate change has emerged as a top global concern and many executives are rolling out new models to become more eco-friendly. I think that’s one of the things that we’ve prided ourselves on, whether that’s investing in the region through the housing or whether

The apparel maker also announced that Neil Fiske, president and CEO of the Gap brand, is departing. Gap Inc. has called off plans to split Old Navy into a separate public company, the company announced in a press release Thursday. Gap’s plans to spin off its once-star Old Navy brand — which were first announced last February — were called into question with the ouster of former Gap Inc. CEO Art Peck in late 2019. With Peck’s abrupt departure, analysts and investors began to doubt that a looming