US Secretary of Education Betsy DeVos attends the “Getting America’s Children Safely Back to School” event in the State Room of the white House in Washington, DC, on August 12, 2020. NICHOLAS KAMM/AFP via Getty Images U.S. Department of Education Secretary Betsy DeVos announced on Friday that the payment pause and interest waiver for student
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President Donald Trump has a bill on his desk that could kick several Chinese companies off of U.S. stock exchanges and inflame an already strained relationship between Washington and Beijing. The Holding Foreign Companies Accountable Act would force companies to give up their listings on Wall Street if they refuse to open their books to
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One of the United States’ top financial regulators said Thursday that new regulations on bitcoin and other cryptocurrencies were coming soon, but he downplayed concerns that the new rules would be disruptive. Brian Brooks, the acting comptroller of the currency, told CNBC’s Melissa Lee on “Squawk Box” to expect “clarity” on cryptocurrency in the next
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A significant percentage of corporate chief financial officers are making 2021 spending and hiring plans around vaccine optimism, but the current case surge in the U.S. and Europe is making a dent in confidence. Robyn Beck | AFP | Getty Images Millions of Americans are still hoping for a second round of stimulus checks to
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Wall Street may be underpricing a risk associated with the next Federal Reserve meeting on interest rates. According to Richard Bernstein Advisors’ Michael Contopoulos, it may come down to President-elect Joe Biden’s pick for Treasury secretary: former Fed Chair Janet Yellen. Contopoulos speculates the Fed could see her appointment as a dovish influence and it
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California governor Gavin Newsom Rich Pedroncelli | Pool | AP California will impose a limited stay-at-home order on certain regions of the state where Covid-19 cases are placing a strain on intensive care units, Gov. Gavin Newsom announced Thursday. The state will be split into five regions — the Bay Area, Greater Sacramento, Northern California,
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Cuban cigars hold a reputation as the world’s most opulent tobacco product. A box of good quality Habanos can cost thousands of dollars. Every hand-rolled Cuban cigar goes through about 500 manual tasks from seed to cigar. But over the last 25 years, cigars made in other countries in the Caribbean and Central America have
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Tony Hsieh, former CEO of Zappos.com Bloomberg | Bloomberg | Getty Images Former Zappos CEO Tony Hsieh, who died last week from injuries sustained in a house fire, did not leave behind a will, according to published reports. Hsieh, who retired in August from the shoe and clothing online retailer, succumbed to complications from smoke
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Many of the nation’s top companies, including Amazon, Goldman Sachs, Ford, Google and Walmart, are calling on the new administration to address climate change and come up with long-term solutions in response to concerns from investors, customers, communities and employees. In a letter to President-elect Joe Biden and the new Congress, 42 corporations urged the government
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Although negotiations surrounding a new coronavirus relief bill have resumed between Democrats and Republicans, it is still unclear whether new legislation will pass before the new year. Over nine months have passed since President Donald Trump signed the $2.2 trillion Coronavirus Aid, Relief, and Economic Security, or CARES, Act. Since, Congress has remained at an
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Check out the companies making headlines before the bell Thursday: Express (EXPR) — Shares of Express tanked 25% after the retailer reported a wider-than-expected earnings loss. Express said it lost $1.39 per share in the third quarter, versus an estimated loss of 51 cents per Refinitiv. Its revenue also missed expectations. Tesla (TSLA) — Shares
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Joachim Kuhn, chief executive officer of Vac-Q-Tec, looks at global distribution screens at the company’s factory in Wurzburg, Germany, on Wednesday, Nov. 18, 2020. Alex Kraus | Bloomberg | Getty Images IBM cyber security analysts on Thursday said they uncovered an email phishing scheme targeting global coronavirus vaccine supply chains, and urged cold-chain companies to
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There may be more juice left in the fourth quarter. Ally Invest’s Lindsey Bell said she believes the backdrop supports December gains. “We’re positive that it will be a good end to 2020,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Wednesday. Bell sees optimism surrounding another coronavirus aid package providing a near-term
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Frank Slootman, CEO of Snowflake Inc. on Sept. 16th, 2020. CNBC Shares of Snowflake fell as much as 8% in extended trading on Wednesday after the data-warehousing software maker issued its first quarterly financial results as a public company. Here’s how Snowflake performed: Earnings: Loss of $1.01 per share. Revenue: $159.6 million. Snowflake’s revenue grew
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