cnbc.com
cnbc.com
CNBC is an American pay television business news channel that is owned by NBCUniversal Broadcast, Cable, Sports and News, a division of NBCUniversal, with both being ultimately owned by Comcast.Source
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West Virginia is still waiting on a game-changing $84 billion investment from China that was promised in 2017

West Virginia is still waiting on a game-changing $84 billion investment from China that was promised in 2017

Key PointsWest Virginia is still waiting on a game-changing $84 billion investment from ChinaWASHINGTON BOTTOM, W.V. – Beijing billed as — rolling out the red carpet for an unprecedented private dinner in the Forbidden City, marching a military parade through Tiananmen Square, and hosting a signing ceremony in the colossal Great Hall of the People to unveil .One-third of that value was supposed to flow to West Virginia, an energy-rich but high-poverty state whose manufacturing and energy workers handed Trump his widest margin of victory in 2016. He captured more than more than 67% of the...

June 21, 2019
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Both Facebook and Twitter are getting it wrong when it comes to political ads

Both Facebook and Twitter are getting it wrong when it comes to political ads

Key Points and have both drawn their lines in the sand on political advertising ⁠— or rather, they've removed the lines altogether.Taking an approach of all () or nothing (), the CEOs of both companies have championed how their decisions will uphold a true and fair democracy. Political ads make up such a tiny fraction of their revenues, both CEOs have said, that this is a matter of principle, not profit.But here's the subtext:Political advertising matters much less to Twitter than Facebook because political advertisers already leaned much more heavily on Facebook to get their messages out....

November 5, 2019
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Alphabet rises after earnings beat, announces $25 billion share repurchase

Alphabet rises after earnings beat, announces $25 billion share repurchase

Key PointsAlphabet revenues beat expectations at $38.94 billionShares of parent company rose more than 9% after the company second-quarter earnings that beat estimates Thursday.Alphabet said its board of directors approved a repurchase of up to an additional $25 billion of its Class C capital stock. On a call with analysts, CFO Ruth Porat said the capital would be used to support growth and acquisitions and investments.Here are the key numbers:Alphabet beat analysts' expectations on revenue and EPS and had even lower traffic acquisition costs (TAC) than analysts were hoping for. The metric...

July 26, 2019
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There's a battle over Breitbart on Facebook's new journalism section, and Instagram's boss got involved

There's a battle over Breitbart on Facebook's new journalism section, and Instagram's boss got involved

Key PointsInstagram chief Adam Mosseri said on Sunday he doesn't want Breitbart to be part of new journalism tab, but defended the company's choice to include it.a day agoMosseri, who has run Facebook-owned Instagram since October of last year, initially responded to a tweet from New York Times opinion writer Charlie Warzel, who shared an he wrote analyzing Facebook's inclusion of the far right news outlet in its . Breitbart, which was previously run by President Donald Trump's former advisor Steve Bannon, has been accused of , both in and on Twitter. This is in part why Mosseri was...

October 30, 2019
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Bitcoin sinks to lowest level since May, falling $3,000 in a month as China accelerates crackdown

Bitcoin sinks to lowest level since May, falling $3,000 in a month as China accelerates crackdown

Key PointsBitcoin falls to near 6-month lows. Is a bigger crypto crush ahead?What a tough month it has been for bitcoin.The world's most popular cryptocurrency sank to $6,558.14 on Monday, its lowest level since May, according to industry site CoinDesk. It lost $3,000 in value in just a month as China accelerated a crackdown on businesses involved in cryptocurrency operations, a reversal from President Xi Jinping's previous signal to be more open to the blockchain technology. The coin last traded at $7,150.79. Bitcoin jumped to above $10,000 briefly last month after and called on...

November 25, 2019
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Sarin possibly detected at Facebook mailing facility

Sarin possibly detected at Facebook mailing facility

Key PointsA machine at a mailing facility in Menlo Park, California, alerted employees Monday that a package might contain sarin, according to fire officials.No employees have been exposed to the substance, the Menlo Park Fire District said.The defines sarin as a "human-made chemical warfare agent classified as a nerve agent."Facebook runs all of its mail and packages through a machine that can detect dangerous substances, according to the fire district. That machine notified workers that the package in question might contain the substance.Fire officials initially reported that two people...

July 1, 2019
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Jeff Bezos unveils sweeping plan to tackle climate change

Jeff Bezos unveils sweeping plan to tackle climate change

Key PointsAmazon to meet Paris climate goals 10 years ahead of schedule CEO Jeff Bezos unveiled a sweeping new plan on Thursday to tackle climate change, committing the retail giant to .In what he is calling the "Climate Pledge," Bezos also promised to measure and report the company's emissions on a regular basis, implement decarbonization strategies and alter its business strategies to offset remaining emissions.Bezos expects 80% of Amazon's energy use to come from renewable sources by 2024, up from a current rate of 40%, before transitioning to zero emissions by 2030."We want to use our...

September 20, 2019
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The housing market is about to shift in a bad way for buyers

The housing market is about to shift in a bad way for buyers

Key PointsCompetition in the housing market finally began to cool this year, as listings multiplied and price gains moderated. Bidding wars became less frequent and spring sales perked up a bit. Well, forget that. The heat is on yet again.The housing shortage that fueled competition and resulted in sky-high price gains throughout 2017 and the first half of 2018 is on the horizon yet again. Supply is soon expected to drop and potentially hit a new low, according to realtor.com, after increasing in the second half of last year.a day agoThe number of for-sale listings was up 2.8% annually in...

July 10, 2019
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Boeing's 737 Max troubles deepen, taking airlines, suppliers with it

Boeing's 737 Max troubles deepen, taking airlines, suppliers with it

Key PointsBoeing has named Stan Deal as new head of commercial airplanes shares continued their slide Monday after last week revealed a top pilot had concerns about a system on the 737 Max that was later implicated in two fatal crashes.Several Wall Street analysts downgraded Boeing, fretting about the fallout from the crisis that has barred the manufacturer from delivering its best-selling planes that make up around 40% of its profit.Boeing's stock fell 3.8% Monday to a two-month low of $331.06, shaving 88 points off the , but had pared losses from earlier in the session.The messages made...

October 21, 2019
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Op-Ed: America just took out a man many consider the world's No. 1 bad guy

Op-Ed: America just took out a man many consider the world's No. 1 bad guy

Key PointsIran's supreme leader vows revenge after US kills top general in airstrikeSo, just who is this top Iranian general ?For many of us who watch and analyze news out of the Middle East daily, he was the world's number one bad guy.Qasem Soleimani has been in control of Iran's Quds Force for more than 20 years. His current greatest hits include helping Bashar al Assad slaughter hundreds of thousands of his own people in the Syrian civil war, stoking the Houthis in Yemen's civil war, and overseeing therecently demonstrating against Iranian influence in their country.But most importantly...

January 6, 2020
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