Business

President Donald Trump late Friday applauded a federal judge’s ruling in Texas that ruled former President Barack Obama’s signature health-care law was unconstitutional, and called on Congress to replace the current mandate with a new bill. U.S. District Court Judge Reed O’Connor of Texas issued the decision, declaring that key portions of the legislation were
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China on Friday reported industrial output and retail sales growth for the month of November that missed expectations, data from the National Bureau of Statistics showed. Industrial output in November grew 5.4 percent from a year ago, lower than the 5.9 percent analysts in a Reuters poll predicted. That figure was 5.9 percent in October.
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Jonathan Bush, founder and former CEO of health information technology Athenahealth, defended himself in an interview with CNBC on Wednesday and blasted Elliott Management, the activist investment firm that took a stake in his company and eventually bought it after Bush stepped down from the company. “My experience is running a company with a gun
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In this market, investors should opt for individual stocks instead of exchange-traded funds, which often lump together shares of companies with conflicting trajectories, CNBC’s Jim Cramer said Tuesday after a turbulent trading session. Using the technology sector as an example, the “Mad Money” host outlined the crosscurrents making the group particularly “complicated.” Apple’s stock has
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Too many different regulations are hampering companies’ ability to deal with cyberattacks, said Goldman Sachs‘ chief information security officer Tuesday. “What’s frustrating for me is how much of my time, my team’s time and my resources are spent on having to answer a never-ending stream of regulator requests,” said Andy Ozment. “In my mind, it’s
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For investors scouring the increasingly volatile stock market in search of good investments, CNBC’s Jim Cramer suggested an under-the-radar name on Monday: Zuora Inc. “[CEO] Tien Tzuo delivered a good number,” in late November, Cramer, host of “Mad Money,” told a lightning round caller. “It’s just that this stock is just violently out of favor.”
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Google just revealed its vision for a massive development in its home city of Mountain View, California, outlining plans for a combination of office, retail, public and residential space. The documents, published late Friday, center on the North Bayshore area of Mountain View, and include 3.12 million square feet of new and redeveloped offices, up
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When the stock market sells off, CNBC’s Jim Cramer always advises searching for stocks that have been dragged down with the broader market despite the strength of their underlying businesses. The last time the market endured a major sell-off, those stocks ended up being the “cloud kings,” Cramer’s group of top-quality plays in the cloud-computing
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Stifel on Wednesday published a note saying it has lowered its rating for Facebook shares from “Buy” to “Hold,” saying political and regulatory blowback could restrict how the company operates in the long term. “Facebook’s management team has created too many adversaries — politicians/ regulators, tech leaders, consumers, and employees — to not experience long-term
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Security start-up Pindrop has raised $90 million from investors including Vitruvian Partners and Goldman Sachs. The seven-year-old firm, which uses artificial intelligence (AI) technology to detect fraudulent phone calls, said Wednesday that it would use the latest funding to boost its European expansion plans. Vitruvian, a European private equity firm that has invested in the
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Uber has been selling off its local businesses in big emerging markets like China and Southeast Asia. But the company’s India unit isn’t going anywhere. In an email obtained by CNBC, Uber’s India head Pradeep Parameswaran told company executives, including CEO Dara Khosrowshahi and CFO Nelson Chai, that Uber India reached an annualized bookings rate
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Toll Brothers stock fell on Tuesday after the luxury-home builder gave weaker than expected guidance for the first quarter next year, while pointing to reports about the slowing housing market as the cause of the housing slowdown. “In November, we saw the market soften further, which we attribute to the cumulative impact of rising interest
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Facebook should not disband its election war room, a former Obama administration official told CNBC. Otherwise, Russia and other foreign nations could take it as a signal to ramp up disinformation campaigns on the social network. “If Facebook is not watching, Moscow, Beijing and Tehran will try to exploit that episodic engagement and achieve gains,”
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