The Trump administration on Thursday weakened Obama-era regulations designed to reduce climate-warming methane gas emissions from oil and gas fields. The Environmental Protection Agency’s new rule, which has been in progress for over a year, would eliminate federal requirements for oil and gas companies to monitor and repair methane leaks from pipelines, storage facilities and
Month: August 2020
Some Americans may still be recovering from the disappointment they felt after receiving stimulus checks for less than anticipated. One particular cohort that may have received reduced checks: those who were due $500 payments for children under age 17. The U.S. government rushed out $1,200 stimulus checks to Americans this spring after Congress passed the
CNBC’s Jim Cramer is worried President Donald Trump‘s administration will keep applying pressure to China into the election, creating a headwind for the market. “I think that the president is keeping the heat on. I expect more negatives about China,” Cramer said on “Squawk on the Street.” Cramer’s remarks Thursday come as the relationship between
The number of empty apartments for rent in Manhattan soared to their highest level in recent history, topping 13,000, as residents fled the city and landlords struggled to find new tenants. The number of apartments for rent, or listing inventory, more than doubled over last year and set a new record in the 14 years
The Robinhood application is displayed in the App Store on an Apple Inc. iPhone in an arranged photograph taken in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Robinhood is raking in more money than ever on customer trades as new investors flood the stock market during the pandemic. Despite not charging customers to
Chuck Robbins, chief executive officer of Cisco Technologies Inc., pauses during a panel session on day two of the World Economic Forum in Davos, Switzerland, on Jan. 22, 2020. Jason Alden | Bloomberg | Getty Images Cisco shares fell about 6% in extended trading on Wednesday after the maker of computer networking equipment provided a
Members of the American Red Cross remove influenza victims in 1918. St. Louis Post-Dispatch | Tribune News Service via Getty Images The coronavirus is at least as deadly as the 1918 flu pandemic and the death toll could even be worse if world leaders and public health officials fail to adequately contain it, researchers warned in
Chip Somodevilla | Getty Images Capitol Hill has come to a standstill following heated discussions last week on what to include in the next coronavirus stimulus package. One thing they did seem to agree on was another set of $1,200 checks to Americans, similar to the payments that went out this spring. While Treasury Secretary
Jocko Willink, a former Navy SEAL commander, host of the “Jocko Podcast,” and the author of “Discipline Equals Freedom: Field Manual,” believes your best chances might be to run from a fight. Following is a full transcript of the video. Jocko Willink: If someone attacks me and they want to punch or kick me, I can just run
By 2050 it’s estimated there’ll be over 6.5 billion people living in urban spaces, and vertical farming could play a growing role in feeding them. The farms use far less space, water, and transport than traditional methods of farming, although their power consumption is a constant challenge. Persis Love travels to Germany and the UK
The venture capitalist says anyone building a startup now must be able to do one thing “uniquely well.”
Kamala Harris made history Tuesday when presumptive Democratic presidential nominee Joe Biden announced the California senator as his running mate. Harris is first Black woman and first Asian American to be the vice presidential nominee of a major party. Being the daughter of immigrants — her father is Jamaican and her mother was Indian — helped
Stocks may see a super-sized comeback deep into next year. The Leuthold Group’s Jim Paulsen sees the depression-like collapse setting the stage for a wartime-type boom. “It forced companies to just knee-jerk react — to cut everything they could to try to survive this pandemic,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Wednesday.
A traveler wearing a protective mask waits to put a suitcase in the back of ride-sharing car displaying Lyft signage at San Francisco International Airport on Monday, May 4, 2020. Paul Morris | Bloomberg via Getty Images Lyft just reported second-quarter earnings including a 61% revenue drop versus the same period last year, but a glimmer
A state-funded Covid-19 mobile testing site stands in Miami Beach, Florida, U.S., on Wednesday Aug. 5, 2020. Jayme Gershen | Bloomberg | Getty Images For the first time in months, the daily growth of new coronavirus cases in the U.S. has steadily fallen over the past two weeks, giving some hope to U.S. officials who proclaimed
RichLegg | E+ | Getty Images Racial and economic inequities have long existed in America’s school systems, and it’s about to get worse, experts warn. With coronavirus cases still high around the country, half of U.S. elementary and high school students will attend school only virtually this fall, according to a study by Burbio, which
Kamala Harris made history on Tuesday as the first Black woman and the first Asian American to be selected as a the vice presidential candidate for a major party in the U.S., when presumptive Democratic presidential nominee Joe Biden announced her as his running mate. Harris, 55, who is the daughter of immigrants — her father
Nima Ghamsari, co-founder and chief executive officer of Blend, speaks during the Sooner Than You Think conference in Brooklyn, New York, Oct. 16, 2018. Alex Flynn | Bloomberg | Getty Images Digital lending start-up Blend raised $75 million in fresh funding amid surging demand for streamlined mortgage applications during the coronavirus pandemic. The move values the
A Stein Mart store in King of Prussia, PA. Google Earth The off-price chain Stein Mart announced Wednesday it has filed for Chapter 11 bankruptcy protection and plans to permanently close most, if not all, of its stores, adding to the turmoil in a retail industry that has been hammered by the coronavirus pandemic. The
President Donald Trump speaks at an Aug. 10 White House news conference. Alex Wong | Getty Images News | Getty Images An extra $400 Trump’s executive order was one of four measures signed on Saturday to address jobless benefits, evictions, student loans and payroll taxes. Top Democratic lawmakers and White House officials have struggled to
Former Theranos founder and CEO Elizabeth Holmes (L) leaves the Robert F. Peckham U.S. Federal Court on June 28, 2019 in San Jose, California. Justin Sullivan | Getty Images Seven months and nine days from now Elizabeth Holmes will face charges that she defrauded investors of her blood-testing company Theranos. That was the decision on
People wearing protective masks walk along the Jubilee Bridge at the Marina Bay waterfront on June 7, 2020 in Singapore. Suhaimi Abdullah | Getty Images Singapore’s three largest banks reported a sharp fall in second-quarter net profits compared to a year ago as they beefed up reserves in anticipation of the challenges ahead. The trio —
Russia said it will produce thousands of coronavirus vaccines per month before the end of the year. Carol Smiljan | NurPhoto | Getty Images Scientists and public health officials are skeptical about Russian President Vladimir Putin‘s claim that the country’s potential vaccine for the coronavirus “works quite effectively,” saying Tuesday that the vaccine still needs critical testing to
seksan Mongkhonkhamsao Americans should be wary of fraud as Washington lawmakers debate the contours of another round of potential financial relief, according to an alert issued Tuesday by the Federal Trade Commission. Consumers should be cautious of solicitations asking them to pay for access to certain financial assistance, like stimulus checks and job opportunities, according
A worker wearing a protective mask adjusts a torque wrench inside the service area at a Harley-Davidson dealership in Oakland, California, on Thursday, July 16, 2020. David Paul Morris | Bloomberg | Getty Images The dark side of good earnings: Companies are talking about turning “furloughs” into permanent layoffs. You knew this was coming. It’s
A passion for eating permeates Istanbul, a city that famously straddles Europe and Asia, one whose cuisine has long been known for its variety and quality. In addition to the traditional purveyors of impeccable grilled fish and meats, intoxicating street food and famously fragrant desserts, several restaurants are taking the concept of “Turkish cuisine” in
President Donald Trump speaks during a news conference at the White House on Monday, Aug. 10. Stefani Reynolds/CNP/Bloomberg via Getty Images President Trump’s executive order to boost unemployment benefits would give jobless Americans $708 a week in total aid, on average. Yet some may get less or none at all, given many caveats to the
The Lucid Air sedan is expected to go into production at a plant in Arizona in 2021. Lucid The first all-electric car from Lucid Motors is expected to set a new industry benchmark — and record — with more than 500 miles of range per charge, easily topping leading EVs from Tesla, General Motors and others.
Justin Horrocks | Vetta | Getty Images You probably heard that President Trump signed an executive order to provide an extra $400 a week in unemployment benefits. Be aware that it’s not a done deal. And, based on the contents of a Department of Labor memo sent out Sunday and reviewed by CNBC, that amount
A stack of Starlink internet satellites just before a launch. SpaceX SpaceX is manufacturing its Starlink satellites at an unprecedented rate for the space industry, analysts say, as the company dives headlong into building a space-based global internet service. Elon Musk’s company told the Federal Communications Commission in a presentation last month that its Starlink unit
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