Japan’s SoftBank Group Corp is planning to lend up to $20 billion to its employees, including Chief Executive Masayoshi Son, to buy stakes in its second Vision Fund, the Wall Street Journal reported on Saturday, citing people familiar with the matter. Son hi…
Do your homework! Clean your room! Count your Weight Watchers points? Weight Watchers, which now calls itself WW, this week introduced a new app called Kurbo by WW to “help kids and teens ages 8-17 reach a healthier weight.” WW last year acquired Kurbo, a di…
President Donald Trump held a conference call with the CEOs of the three biggest U.S. banks as the stock market tanked Wednesday. Trump held the call with J.P. Morgan Chase CEO Jamie Dimon, Bank of America’s Brian Moynihan and Citigroup’s Michael Corbat, acc…
China’s central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for companies and support a slowing economy that has been hurt by a trade war with the United States. The People’s Bank of China (PBOC) said it will impr…
The United States has issued a warrant to seize an Iranian oil tanker caught in the standoff between Tehran and the Westin a last ditch effort to prevent the vessel from leaving Gibraltar. The Grace 1 was seized by British Royal Marines at the western mout…
If ever the U.S. economy could use a strong tax cut tail wind, it could use one now as conditions weaken around the world. But the tail wind isn’t there. Instead, benefits from what President Donald Trump called “the biggest reform of all time” to the tax c…
Fired Johns Hopkins professor Daniel Povey will not work for Facebook after all, he told CNBC on Friday. In May, Povey used bolt cutters to attempt to forcibly enter one of the school’s buildings that had been occupied by student protesters. The school infor…
Air travelers faced delays at airports around the country on Friday after a computer problem prevented U.S. immigration officials from processing arriving passengers during a busy summer travel day. It wasn’t immediately clear what caused the problem at U.S.…
Longtime Republican strategist and former Trump campaign advisor Roger Stone wants a clip from “The Godfather Part II” to sleep with the fishes at least during his upcoming trial. The conservative provocateur and the Department of Justice have been sparring …
If the markets get their way, Fed Chairman Jerome Powell will use the Fed’s Jackson Hole symposium to clarify whether the Fed is at the beginning of a serious rate cutting cycle or just intending to cut a few times, as insurance against a possible downturn. …
The “Never Trump” movement has a new ally: hedge fund boss Anthony Scaramucci, who was fired in 2017 after serving 11 days as communications director in President Donald Trump’s White House. Anti-Trump pundit and veteran Republican operative Bill Kristol con…
Following the mass shooting in his hometown of El Paso, Texas last week, Democratic presidential candidate Beto O’Rourke is seeking to hold social media companies accountable for the hateful content their users post. As part of a plan released on his campaig…