Business

Liberty Global CEO Mike Fries does not seem overly concerned about the cord-cutting and phone-streaming era. He thinks the old-guard telecom company holds the “killer app”: broadband technology. “There are pros and cons in cord-cutting,” Fries told CNBC from the World Economic Forum in Davos, Switzerland, on Thursday. “We’ve always been a video aggregator, whether
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An ambulance worker in protective clothing boards an ambulance outside the Infectious Disease Centre at Princess Margaret Hospital in Hong Kong, China, on Wednesday, Jan. 22, 2020. Justin Chin | Bloomberg | Getty Images The World Health Organization postponed making a decision Wednesday on whether the mysterious coronavirus that has killed at least 17 people
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Michael Avenatti Lucy Nicholson | Reuters A federal judge ordered prosecutors to explain by Tuesday afternoon why controversial lawyer Michael Avenatti is under tough jail restrictions typically imposed on accused terrorists and drug lords. Avenatti is awaiting trial on an extortion charge in a jail cell that reportedly once housed Joaquin “El Chapo” Guzman. Judge
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Solar panels pictured at a tropical hotel resort. Marc Romanelli Businesses need to be singing from the same hymn sheet if they want to make meaningful progress in combatting the climate crisis, said the environmental director of one of Asia’s leading hotel groups, Hong Kong and Shanghai Hotels. Janice Lao, director of group corporate responsibility
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If you can’t beat ’em, join ’em. Fast-casual restaurant chains like Chipotle Mexican Grill and Sweetgreen have been stealing customers from full-service restaurant chains like Outback Steakhouse and IHOP. To fight back, some casual dining chains have been launching spinoff restaurants that copy that business model. Fast-casual restaurants are smaller in size, with less seating
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Corie Barry, chief executive officer of Best Buy Co., speaks during the Fortune’s Most Powerful Women Summit in Washington, D.C., U.S., on Wednesday, Oct. 23, 2019. Sarah Silbiger | Bloomberg | Getty Images Best Buy‘s board is probing allegations that the CEO Corie Barry had an “inappropriate” relationship with another company executive, the Wall Street Journal
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Airbus looks to have taken pilotless commercial jet flight one step closer after revealing that one of its test aircraft has taken off automatically. The European planemaker said that in tests conducted at Toulouse-Blagnac airport on December 18, an A350-1000 with two pilots sitting ready to take over, conducted eight takeoffs on auto-pilot. Accompanying the
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CNBC’s Jim Cramer attributed late-Tuesday’s market sell-off to China tariffs worries combined with an overbought market. The “Mad Money” host sat down with Medtronic’s outgoing CEO Omar Ishrak to get an update on robotic-assisted surgery systems. Later in the show, he broke down what climate change will impact investing on Wall Street. The rise comes
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David Katzman, CEO of SmileDirectClub stands with founders Jordan Katzman and Alex Fenkell as the company debuts its IPO at the Nasdaq MarketSite in New York, September 12, 2019. Lucas Jackson | Reuters SmileDirectClub stock rose 15% on Monday after it announced that it will start selling its teeth-straightening products to dentists and orthodontists. The
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Shipping containers sit stacked at Qingdao Port after snow on February 14, 2019 in Qingdao, Shandong Province of China. Visual China Group | Getty Images China’s exports and imports both rose in 2019, Reuters reported citing data from the General Administration of Customs released on Tuesday. In yuan terms, 2019 exports rose 5% from a year ago while
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Natalie Mayflower Edwards Source: Alexandria Sheriff’s Office A former U.S. Treasury official pleaded guilty Monday in a case where she was accused of leaking highly confidential documents about suspicious financial transactions of ex-Trump campaign chief Paul Manafort and others to reporters at BuzzFeed News. The official, Natalie Mayflower Sours Edwards, leaked so-called suspicious activity reports,
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Taiwanese president Tsai Ing-Wen (center) thank her supporters at the victory rally after winner the election. The president of Taiwan Tsai Ing-wen won a landslide victory in the 2020 presidential election by securing over 57% of the votes beating her major opponent Han Kuo-yu who only secured 38% of the votes. Chan Long Hei |
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A NFL playoff logo is seen during the NFC Divisional Playoff. Jonathan Bachman Getty Images The National Football League continues the postseason with its Divisional Round this weekend with Super Bowl LIV in Miami nearing. But player revenue shares will also be up for grabs, with one team remaining that qualifies for the playoff jackpot.
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Customers at a McDonald’s restaurant Scott Mlyn | CNBC McDonald’s is facing a lawsuit from executives alleging that the chain fired African American leadership, pushed black franchisees out and lost African American customers as part of a broader racial discrimination problem at the company. Two senior executives, Vicki Guster-Hines and Domineca Neal, allege in the
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