The House of Representatives voted Wednesday to pass a resolution sending articles of impeachment against President Donald Trump to the Senate for a trial on whether to convict him and remove him from office. House Speaker Nancy Pelosi is scheduled to sign a copy of the resolution later Wednesday during an engrossment ceremony with the newly announced team of Democratic House impeachment managers. Trump’s impeachment trial in the Senate is expected to begin Tuesday, according to Senate Majority

China agreed to purchase an additional $200 billion in U.S. goods over the next two years as part of the “phase one” trade deal. The two nations signed the first-phase trade agreement Wednesday afternoon at the White House. The phase one deal is seen as a sort of truce and includes concessions by the Chinese to crack down on intellectual property theft and the forced transfer of American technologies. But it also includes import targets for Beijing, which has promised to buy a host of American p

Through the deal, the Trump administration aims to resolve some longstanding American concerns about Chinese trade abuses. President Donald Trump signed a partial trade deal with China on Wednesday as the world’s two largest economies try to contain an economic struggle. The Chinese leader called the trade deal “good for China, for the U.S. and for the whole world,” according to a translation. In other words, we’re negotiating with the tariffs,” Trump said. Still, the White House has said it wil

Apple’s impressive rally in 2019 will continue this year thanks to iPhone dominance and the new 5G cycle, according to Canaccord Genuity Capital Markets. The firm raised its price target on Apple to $355 per share from $275 per share, implying 12% upside from Tuesday’s closing price of $312.68 per share. “We believe the potential launch of a low-cost iPhone combined with a 5G upgrade cycle will drive further demand through 2021,” Canaccord Genuity analyst T. Michael Walkley in a note to clients

Turns out, according to personal finance site MagnifyMoney, investing brings a host of bad feelings. The most common regrets: not starting to save for retirement earlier (31%) and not investing in stocks sooner (24%). Even young Gen Z has fear of missing out: Sixty-nine percent of respondents age 18 to 22 said they feel bad about not investing sooner. Given the past 10 years of a bull market, Cummins thinks his retirement money could be as much as six figures higher. “It is very difficult to bea

Scott Olson | Getty ImagesAs the Democrats battle for the 2020 nomination, a recurrent theme has cropped up: Who can excite the base and drive turnout in November. The history of presidential elections suggests that candidates may have a limited role in pushing turnout. What may drive up turnout is the perception that the vote will count because the race will be close. The 2000 Bush-Gore race saw lower turnout than in 1992 or 2004. A close race

will lead a new class into the Rock and Roll Hall of Fame, joined by Depeche Mode, the Doobie Brothers, Nine Inch Nails, and T-Rex. 1 singles: “Saving All My Love for You,” “How Will I Know” and “The Greatest Love of All.” Leader Trent Reznor has become a go-to soundtrack producer in addition to his continued work with Nine Inch Nails. The Doobie Brothers weren’t critical favourites, but they had some indelible rock hits in the 1970s, including “Listen to the Music,” “Black Water” and “China Gro

A bulldozer moves coal that will be burned to generate electricity at the American Electric Power coal-fired power plant in Winfield, West Virginia. Every year, BlackRock CEO Larry Fink releases a highly anticipated letter to CEOs and clients. In this year’s letter, out yesterday, Fink announced that the asset management giant would change direction. And it represents a significant change from just a year ago when Fink’s annual letter didn’t even mention climate change. But as we celebrate Fink’

Beyond Meat has proved challenging for its short-sellers, who are currently short roughly 40% of the float but frequently find themselves caught in short squeezes. For Bill Baruch, founder and president of Blue Line Capital and Blue Line Futures, the key level to watch in Beyond Meat is $70 a share. “A close below 70 is very, very bearish,” Baruch told CNBC’s “Trading Nation” on Tuesday, pointing to the chart of Beyond Meat’s stock since the initial public offering last May. But from a fundament

Here are the biggest calls on Wall Street on Wednesday:”As the risk/reward has become less attractive following the recent rally, we are downgrading Beyond Meat from Outperform to Market-Perform while keeping our target price at $106. In particular, we believe that Beyond Meat’s near-term sales growth potential in the U.S. is largely priced in at this point.” Canaccord raised its price target on the stock and said it was encouraged by the strong demand for the iPhone 11 line-up. “We believe Appl

MaskotIf you waited more than a month for the IRS to process your tax return and get a refund last year, you’re in good company. These taxpayers were flagged because they claimed the earned income tax credit, the additional child tax credit or they had incomplete wage and withholding data on their Form W-2. Approximately 275,000 of these tax returns were held for more than 40 days, resulting in financial hardship for people who relied on those refunds. While delayed refunds may be a nuisance for

Please refresh the page if you do not see a player above at that time.] House Speaker Nancy Pelosi is expected Wednesday morning to reveal which Democrats will serve as impeachment managers responsible for presenting evidence to the Senate during President Donald Trump’s trial. McConnell vowed to set impeachment rules over Democrats’ objections, denying the request to guarantee that witnesses would be called. The impeachment inquiry was triggered by Trump’s July 25 phone call with Ukrainian Pres

National Economic Council Director Larry Kudlow, a top economic adviser to President Trump, said Wednesday that the White House plans to unveil a plan for additional tax cuts later in 2020. “I am still running a process of Tax Cuts 2.0. We’re many months away – it’ll come out something later during the campaign,” Kudlow told CNBC. “Tax Cuts 2.0 to help middle-class economic growth: That’s still our goal.” As one of the Trump administration’s biggest victories of the president’s first term in off

CEO of Amazon Jeff Bezos (R) greets along with Amit Agarwal, senior vice president and country manager for Amazon India, during the Amazon’s annual Smbhav event in New Delhi on January 15, 2020. Bezos appeared on stage Wednesday at Amazon’s Smbhav event in New Delhi for a fireside chat alongside Amit Agarwal, who heads Amazon’s India operations. The company said there are more than 550,000 sellers on the Amazon India marketplace and more than 60,000 Indian manufacturers exporting their goods wor

Google recently launched an update to its Google Smart Lock app on iPhone that allows you to use your iPhone to securely log into a Google account. For example, you can set it up to receive a special code via text message when you try to log into Google. But with the Google Smart Lock update, you just have to tap a confirmation box on your iPhone that you’re trying to log in. To get started, just download the new Google Smart Lock app from the iTunes App Store and follow the setup steps that ask

Shake Shack’s exclusive partnership with GrubHub will ultimately be good for the fast food chain, according to Goldman Sachs, who sees the restaurant’s stock rallying 80% from here. Goldman Sachs, which has a buy rating on Shake Shack, has a price target of $115 per share, while the fast food company closed at $64.10 a share on Tuesday. Shares of Shake Shack tanked about 14% in November after its third quarter earnings showed disappointing same-store sales growth. Some analysts attribute the wea

Goldman Sachs sold its entire stake in ride-hailing giant Uber in the fourth quarter, according to a person with direct knowledge of the move. The sale, which likely resulted in a large gain for the early investor in Uber, helped New York-based Goldman beat analysts’ expectations for revenue in the period. It couldn’t be immediately determined why the bank sold its stake. In the past, Goldman’s public and private holdings in companies from Uber to WeWork have caused volatility in quarterly resul

CNBC’s Jim Cramer said Wednesday that “tariffs worked” as a means to prod China to agree to a phase one trade deal with the United States. “Tariffs were not supposed to work,” said Cramer, who has all along been a supporter of President Donald Trump’s hard line approach towards China. The centerpiece of the initial trade deal is a pledge by China to purchase an additional $200 billion worth of U.S. goods. It also cut in half to 7.5% the levy rate on about $120 billion worth of other China import

According to Glassdoor economist Daniel Zhuo, there are a number of unfilled jobs after the holiday slump that recruiters are eager to fill at the top of the year. “Our advice to job seekers is to be patient but proactive,” says Zhuo. Using data from its platform, Glassdoor created a list of the best jobs in 2020 that job seekers should keep a close eye on. Seven of the top 10 jobs on the list are in tech, with front-end engineer coming in at the top spot. Take a look below to see what roles rou

Target had been expected to be a standout among retailers for holiday sales, but the big box retailer reported disappointing results Wednesday. Especially this holiday season, Target was expected to be a winner in the toys category. But this holiday season, Target said toy sales were about flat with the prior year. Target said electronics sales were down more than 6% in November and December, while sales of home items were down about 1%. The firm said the apparel category grew just 1%, while dep