A federal judge in California on Wednesday revoked the bail of disgraced attorney Michael Avenatti, a day after he was dramatically arrested for allegedly committing new financial crimes while free and awaiting trial for three federal criminal cases. Avenatti engaged in those alleged crimes to hide money from creditors, who he owes more than $10 million, prosecutors said. On Wednesday, a federal judge in New York City rejected Avenatti’s request to dismiss charges in the Nike extortion case. Ave

Invesco’s Kristina Hooper expects a majority of multinational companies to turn more optimistic this earnings season. The firm’s chief global market strategist cites the easing of the U.S.-China trade war threat as a major catalyst. Hooper believes a trade deal will bring back capital expenditure spending plans as companies revert to a calmer global environment. “It’ll be important to hear from companies confirming that assumption — saying that they do feel better about the outlook given that si

Then Rep.-elect Ann Kirkpatrick, D-Ariz., arrives for New Member Orientation at the Courtyard Marriott in SE, on November 13, 2018. Democratic Rep. Ann Kirkpatrick is taking time off from her role in Congress to treat alcoholism, she said in a written statement on Wednesday. The fall was serious, but with physical therapy I will fully recover,” Kirkpatrick said in the statement. Beginning next week, I will receive treatment that I have struggled to ask for, to treat my alcohol dependence,” she a

With Google facing intensifying pressure from regulators to bolster privacy protections, the company now plans to phase out third-party cookies in its Chrome browser within two years. Here’s what analysts had to say about some of the biggest ad-tech companies in the aftermath of Google’s announcement. Morgan Stanley analysts wrote on Wednesday that they viewed the announcement “as at least a net neutral, and potentially a positive” for LiveRamp. Jeff Green, CEO of The Trade Desk Scott Mlyn | CNB

The government of the U.S. Virgin Islands on Wednesday sued the estate of late accused sex trafficker Jeffrey Epstein, alleging the wealthy investor raped and otherwise sexually abused young women and girls — as young as 12 years old — at his secluded private island getaways in that territory. Epstein’s criminal enterprise — from 2001 through 2018 — “facilitated … the sexual molestation and exploitation of numerous girls” on his two private islands, claims the lawsuit filed by Attorney General

Apple CEO Tim Cook greets customers as they prepare to purchase a new iPhone X at an Apple Store on November 3, 2017 in Palo Alto, California. The segment includes products like iCloud storage, App Store sales, Apple Card, Apple Music subscriptions and the billions Google pays to be the default search engine on Apple products. Apple made an even bigger push into services last year with the launch of several new subscription products, like Apple News+, the Apple Arcade gaming service and the stre

“We believe this tail risk is under-appreciated by the market and should be hedged.” For a moment stocks fell and oil moved higher as the Street considered whether or not Iran would target production in the oil-rich region. Kolanovic’s reports have moved markets in the past and he’s made some good calls on equities by analyzing various quantitative factors such as fund flows and volatility. For example, he predicted the big rotation into value stocks last year. While Iran tensions appear to have

3 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. Academy award-winning director Greta Gerwig shares her insights on why Hollywood needs more female directors and how they are not a bad investment in movie-making.

Greta Gerwig makes movies for women and about women, including 2017’s “Ladybird” and 2019’s adaptation of “Little Women.” Both films received critical acclaim and multiple Oscar nominations, including Best Picture. But Gerwig’s fans were furious this week when she didn’t get a Best Director nod for “Little Women,” despite the film getting six nominations including Best Adapted Screenplay. For Gerwig, the hardest part of being a woman in a male-dominated industry is convincing others that stories

In the U.S., 90% of companies offer additional benefits to married employees and families over single staffers, according to “The Cost of Being Single Revealed,” a 2019 report from employee benefits provider Thomsons Online Benefits, which surveyed 300 human resources decision makers in the U.S. This benefits gap is a problem, says Matthew Jackson, vice president of client solutions at Thomsons Online Benefits. Where the disparity liesBenefits disparities between single and married employees var

Luke Kuechly surprised the sports world on Tuesday when the 28-year-old Pro Bowl linebacker announced his retirement from the NFL after just eight seasons in the league. Starting in 2012, Kuechly earned more than $63.8 million in total from his NFL contracts with the Panthers, according to Spotrac. In 2015, he signed a five-year, $62 million contract extension with the team that made him the highest-paid player in the NFL at his position and would have run through 2021. Forbes also reported in 2

Trump making progress on 2016 trade promises, says AEI’s Derek ScissorsDerek Scissors, Asia economist at the American Enterprise Institute, and Joel Trachtman, professor of international law at Tufts’ Fletcher School, join “The Exchange” to discuss the signing of a phase one trade deal between the U.S. and China.

Amazon’s Jeff Bezos announces $1 billion investment into India businesses as business owners protest his visit1 Hour AgoAmazon CEO Jeff Bezos made the announcement at Amazon’s Smbhav event in New Delhi. Smbhav is a two-day event that Amazon holds to connect with small and medium-sized businesses. At the same time as the event, small business owners across 300 cities in India protested his trip to the country.

These are the top moments from January’s Democratic debate in Iowa3 Hours AgoJoe Biden, Bernie Sanders, Elizabeth Warren, Amy Klobuchar, Pete Buttigieg and Tom Steyer spent two hours at Drake University in the last debate before the first-in-the-nation Iowa caucuses. The debate came amid tension between the two chambers of Congress as a Senate trial for President Donald Trump’s impeachment looms next week. Things got testy between Warren and Sanders, who are both progressives and reputed friends

The status the U.S. has enjoyed as the investing destination of choice looks to be in jeopardy for 2020, according to private equity giant KKR. “We think the U.S. ends its reign as the dominant equity market in 2020,” wrote KKR experts led by Henry H. McVey, the firm’s head of global macro and asset allocation. At the same time, long-term investors are advised to look past the election “noise” and consider what ramifications the changing political landscape will have. “President Trump did not cr

You’re a forceful person,” Trump said at the signing ceremony of a phase one trade deal between China and the U.S., which Warsh attended. Trump then talked up the benefits of negative interest rates, which have been implemented by in the European Central Bank and others. Negative interest rates have been used to stimulate economic growth, but whether they have achieved that objective is still being debated by experts. I don’t know where all that leads, but we have to pay,” Trump said. Our intere

President Donald Trump will likely be questioned on his climate change beliefs when he visits Switzerland for the World Economic Forum on Tuesday next week. That’s the opinion of WEF President Borge Brende who told CNBC’s Steve Sedgwick Wednesday that Trump appreciated candid conversation about any topic. The Norwegian politician added he was “pretty sure” that when Trump was in Davos, surrounded by 2,000 world CEOs and environmental leaders that climate change and a loss of biodiversity would b

Ahead of the 2018 holiday season, Target added a quarter-million square feet of space permanently dedicated to toys across more than 500 stores. Target didn’t have the strong holiday in the toy department that many expected, ringing alarm bells for the entire industry. Then there is the lingering pain from the Toys R Us bankruptcy. When Toys R Us shuttered, toymakers lost a lot of shelf space and also had huge inventory issues. The only true winner this holiday season was Amazon, which continued

The trade agreement signed Wednesday by President Donald Trump and China includes a provision to stanch the sale of counterfeit goods on e-commerce platforms like Amazon. China has agreed to consider revoking an e-commerce platform’s operating license if there are repeated sales of counterfeit or pirated goods. The U.S., meanwhile, has agreed to study additional measures of combating the online sale of counterfeit or pirated goods. China shall provide that e-commerce platforms may have their ope

The trade agreement President Donald Trump signed with China on Wednesday includes provisions on intellectual property enforcement and protections against forced technology transfers. Here’s what the agreement says about IP enforcement:Each Party shall determine the appropriate method of implementing the provisions of this Agreement within its own system and practice. If necessary, each Party shall provide suggestions for the amendment of laws to its legislative body according to its domestic le