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  • Uber’s investigation into former Uber engineer Susan Fowler’s claims of sexual harassment and general workplace hostility at the company will conclude by the end of the month. Key executives may come under scrutiny as part of the investigation, according to multiple people familiar with the matter. The two names we’ve heard time and time again: Board director Ryan Graves and CTO Thuan Pham. The reasons that Graves and Pham may come under pressure are fairly straightforward. According to an inter
    Uber board director and CTO come under pressure in sexual harassment investigation

  • This year’s college graduates are enjoying the best job market in years, but they are also saddled with record student loan debt and little in the way of disposable income. That makes picking a place to live, work and play all the more important for those just starting out. Three-quarters of new grads are willing to relocate to a different state to score the right job, according to a report by Accenture Strategy – and it’s likely they’ll need to. The cities that fared the best – with the excepti
    The best and worst places to start a career

  • Breitbart, unsurprisingly, blamed it all on a supposed “deep state” of US national security officials committed to harming the Trump presidency. (The Post said the information had to do with an ISIS “terrorist threat related to the use of laptop computers on aircraft.”) One thing is very clear, however: Trump doesn’t seem to know or care about the possible repercussions of his actions. In the age of Trump, that information is literally handed to them in the Oval Office on a whim. “I get great in
    Trump is a serious threat to national security-commentary

  • As housing prices continue to rise, it becomes increasingly difficult for first-time home buyers to break into the market. But not all markets are created equal. While you’d need to make upwards of $100,000 to afford a home in San Francisco, that number drops to around $20,000 for one in Pittsburgh. That data comes from home investment company Unisom, whose recently released the Unisom Home Affordability Report compares housing affordability rates in major cities across the U.S. For the report,
    The salary you need to afford a home in 20 major US cities

  • It is not irrational for President Donald Trump to be seeking a strategic alliance with the Russian government against ISIS, a former CIA official told CNBC on Tuesday. Republican Sen. Bob Corker of Tennessee said he was worried about a White House “on a downward spiral.” Trump responded to the report on Tuesday, saying “As President I wanted to share with Russia.” Sweet also said he found the recent White House leaks about Trump’s meeting “disturbing.” “As a CIA official as well as Homeland, I
    Trump info sharing might justify the ends with Russia concerning ISIS, says ex-CIA official

  • Hourly jobs, particularly in North America, will not be cut as the company works to keep up with demand for new vehicles, which remains relatively strong. In a statement, Ford would not confirm it is slashing jobs. During the company’s annual meeting last week, Ford Chairman Bill Ford was asked about the company’s slumping stock, which is hovering near a five-year low. “We’re as frustrated as you are by the stock price,” Ford said. Since CEO Mark Fields took over in July 2014, Ford’s stock is do
    Ford cutting jobs to jump-start stalled stock

  • Yahoo said on Tuesday it would buy back $3 billion of its common shares, ahead of the company’s pending deal with Verizon Communications. Shares in Yahoo, which has a 15 percent stake in Chinese e-commerce company Alibaba, were up about 1.5 percent at about $50.60 a share in Tuesday morning trading. Yahoo said it would pay between $50.79 and $44.74 per share based on its calculations, Alibaba’s share price and timing of the buyback. Verizon agreed to buy Yahoo’s core internet properties last yea
    Yahoo stock: YHOO announces $3 billion share buyback

  • This year’s Disruptor 50 companies have the potential to upend multibillion-dollar industries. Thirty-one of this year’s Disruptor 50 companies have valuations of $1 billion or more — the unicorns. Here’s how we picked the 2017 CNBC Disruptor 50. 2017 is the fifth year for the Disruptor 50 list. Read More: THE COMPLETE HISTORY OF THE CNBC DISRUPTOR 50Other names have come and gone and now come back.
    How we chose 2017's most disruptive innovators

  • Dick’s Sporting Goods’ shares tanked Tuesday as the sporting goods retailer struggled to grow first-quarter same-store sales as much as Wall Street was expecting. Shares of the stock were dropping more than 10 percent Tuesday, on track for their biggest one-day decline in three years. The sporting goods retailer reported earnings of 54 cents per share adjusted on sales of $1.83 billion for the first quarter. Analysts were expecting Dick’s to post earnings of 54 cents a share on sales of $1.84 bi
    Dick's Sporting Goods' stock tumbles on weak sales, tracking for biggest 1-day drop in 3 years

  • Trump: I wanted to share facts on terrorism and flight safety with Russia 3 Hours Ago | 02:46Russia’s Foreign Ministry has rebuked claims that U.S. President Donald Trump divulged highly classified information to Russian officials during a visit to the Oval Office, calling them “harmful” and “dangerous.” Maria Zakharova, Russian Foreign Ministry spokeswoman, dismissed the claims in a Facebook post Tuesday, the day after reports emerged that Trump had revealed intelligence about a planned Islamic
    Russia hits back at claims Trump shared classified information, calls them ‘dangerous’

  • “So you subscribe to the Uptake platform, and what you get … presents to you analytic insights specific to the issues in your industry.” Now Warren Buffett’s Berkshire Hathaway Energy — a portfolio worth $85 billion that includes renewable-energy companies — is getting in on the action. Wind turbines today are outfitted with hundreds of sensors, each one tracking different pieces of data: wind speed, oil pressure, torque, vibrations in the wind blades and more. Uptake’s analytics platform does
    Why Warren Buffett is betting on this software start-up

  • Brunch may be overpriced — and it may also be the reason so many millennials aren’t buying homes. That’s the contention of 35-year-old Melbourne millionaire and property mogul Tim Gurner, who appeared on a recent episode of Australia’s “60 Minutes.” What they’re doing, ultimately, is frittering away money on “smashed avocado” and lattes that they should be saving, he said. Self-made millionaire Grant Cardone recently made a similar point for CNBC when he told millennials, “Don’t travel — yet.” A
    Millionaire tells millennials: If you stopped buying avocado toast, you could afford a home

  • “I think we’re coming up into our 2,500 target” on the S&P 500, Gordon predicted on “Squawk Box.” “At 2,500, it’s not just psychologically important but I think that’s technical resistance,” he said. “Energy stocks … [and] financial stocks are underperforming.” For bulls playing the indexes, he said, “Thank God for Apple, Amazon and Facebook.” Those three stocks are among the most heavily weighted names in the S&P 500 and the Nasdaq.
    'Thank God for Apple' and other tech stocks — they're propping up the market

  • Self-professed “crazy-entertainment officer” Hiroshi Saijou still doesn’t think of work as ‘work’ despite spending more than 20 years at Yamaha Motors innovating and developing new technologies. But by giving himself only two weeks of vacation each year, Saijou bucks the trend of Silicon Valley chief executives striving for the perfect work-life balance. “I really don’t like the term ‘work-life balance’ because work is part of my life. Private is also part of my life. I want to enjoy both.”
    Why this Silicon Valley CEO doesn’t believe in work-life balance

  • President Donald Trump took to Twitter on Tuesday morning to defend his sharing of what is reportedly highly classified information with Russian officials — a story that has exploded overnight. The Washington Post reported Monday that Trump divulged the information during a meeting with last week with Russian officials including Foreign Minister Sergei Lavrov. Current and former intelligence officials told the Post that the president disclosed highly classified information pertaining to the Isla
    Trump defends sharing information with Russia, 'which I have the absolute right to do'

  • Some Starbucks customers looking for their cup of Joe Tuesday morning were out of luck. The coffee chains’ payment system was down and baristas were unable to complete transactions. “A limited number of locations remain offline, and we are working swiftly to resume full operations in each of these stores,” Starbucks added. The issue, first reported by Twitter users, is affecting chains across the U.S. and parts of Canada. For some locations, the registers in-store are working, but their mobile p
    Starbucks sees payment system outage in US and Canada

  • Just under an hour later, Fox News ran a banner reading, “McMaster: Washington Post story on Russia meeting is false,” while CNN’s banner read, “Sources: Trump shared classified info with Russian foreign minister.” The story about Trump was programmed beneath that under the headline, “‘It didn’t happen’: WH denies report Trump revealed classified info.” On Breitbart, the top headline read “Deep State Strikes: Leaks Classified Info To Washington Post To Smear Trump, LOL: Reporters Negate Oversold
    Conservative media not sold on story of Trump revealing classified info

  • The winning argument in each was that states had no right to impose their laws on federally regulated national banks. And the man who helped make that powerful argument was Keith Noreika — President Trump’s pick to head the federal agency that oversees national banks. Among the targets may be the 2010 Dodd-Frank Wall Street overhaul, which made it easier for states to hold national banks accountable. In 2007, as Dugan presided over the OCC, Noreika and his Covington colleagues won the biggest pr
    Trump's new bank regulator: Lawyer who helped banks charge more fees

  • “The collective intelligence on Wall Street runs circles around the intelligence in Washington, with way less ideology in the mix.” The stock market is populated by the smartest, most pragmatic people in the world and they sniffed this out in February or March. International stocks, healthcare stocks, tech stocks – these were all supposed to be the losers of the Trump era, not the winners. Overseas, there are more than 25 major foreign stock markets that are up 10% or more, beating the S&P 500.
    Fake 'Trump trade' dies on the vine—commentary

  • But 2016 marked the worst year since 2005 for the 25 managers who made the most money, as ranked in the annual Rich List from Institutional Investor’s Alpha. Hedge funds overall, as gauged by the HFRI Fund Weighted Composite Index, returned just 5.5 percent compared with the S&P 500’s total return of just below 12 percent. Assets edged over $3 trillion for the first time, despite $70.1 billion in redemptions. There were just two billion-dollar earners on the Rich List: James Simons, of Renaissan
    Rough year for hedge funds: Only two managers topped $1 billion

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