A leading Democratic bundler who helped former President Barack Obama raise money during his two presidential campaigns has been indicating to friends that he's likely to support Beto O'Rourke in the 2020 race, CNBC has learned. Mark Gallogly, the co-founder of investment firm Centerbridge Partners, has signaled to associates that he's likely going to help…
Joshua Roberts | Reuters Jeff Bezos, president and CEO of Amazon and owner of The Washington Post, speaks at the Economic Club of Washington DC's "Milestone Celebration Dinner" in Washington, U.S., September 13, 2018. As Amazon steps up its effort to show Wall Street it can generate profits, the e-commerce giant is aggressively blocking money-losing…
Trade negotiations between the United States and China have boiled down to whether President Donald Trump can trust the Chinese or not, CNBC's Jim Cramer said Wednesday. "It's not about the trade gap, people. It's about the trust gap," the "Mad Money" host said. "Until investors realize that's what's driving these negotiations, we'll forever be…
CNBC's Jim Cramer on Wednesday said he thinks a federal judge should put a "special master" on Tesla's board of directors to make CEO Elon Musk comply with a court-approved deal between him and the Securities and Exchange Commission. Musk has been under pressure for his practice of relaying important business information about Tesla through…
Bill Ackman's hedge fund is roaring back from a recent losing streak. Pershing Square is up 31.9 percent so far this year as of Wednesday, according to the New York-based firm's website. The solid returns follow a string of recent losses for the activist investor. In early 2018, the fund's assets were down by roughly…
Andrew Harrer | Bloomberg | Getty Images Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, March 20, 2019. Trump has publicly pushed the central bank to hold steady on rates, even saying he is "very unhappy"…
Often touted for being highly nutritious, kale has joined the list of 11 other fruits and vegetables known to be "dirty," according to an analysis by the Environmental Working Group. The watchdog group publishes its "Dirty Dozen" list annually, in which it ranks the 12 produce items that contain the highest amount of pesticide residues.…
Saul Loeb | AFP | Getty Images Federal Reserve Board Chairman Jerome Powell arrives to speak at a press conference after the Fed announced interest rates would remain unchanged, in Washington, DC, January 30, 2019. Markets are becoming more convinced that the Federal Reserve will be more accommodative on rates. The fed funds futures market…
Sean Gallup | Getty Images In this photo illustration Levi's 501 blue jeans by U.S. clothing manufacturer Levi Strauss are seen on March 8, 2018 in Berlin, Germany. Blue jeans giant Levi Strauss & Co.'s Thursday initial public offering is more than 10 times oversubscribed, three sources familiar tell CNBC. The world's largest jeans seller…
Robert Kraft, the owner of the Super Bowl champion New England Patriots, reportedly will reject a deal that could lead prosecutors to drop criminal charges against him for allegedly soliciting prostitution. CNN reported Wednesday that Kraft, 77, is turning down the proposed deferred prosecution deal extended Monday to him by the Palm Beach County State's…
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