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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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U.S. sanctions Hong Kong leader Carrie Lam for carrying out Chinese 'policies of suppression'

U.S. sanctions Hong Kong leader Carrie Lam for carrying out Chinese 'policies of suppression'

Keep Me Logged InKey PointsU.S. imposes sanctions on Hong Kong Chief Executive Carrie LamWASHINGTON — The Trump administration will impose a fresh round of sanctions on 11 individuals, including Hong Kong leader Carrie Lam, as tensions between the United States and China accelerate.The Treasury Department designated Lam for her role in overseeing and "implementing Beijing's policies of suppression of freedom and democratic processes."According to the department, Lam, the city's chief executive, pushed last year to allow for extradition to mainland China, setting off a series of massive...

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63% of U.S. consumers are willing to pay more to have seats blocked—here are the airline policies on this

63% of U.S. consumers are willing to pay more to have seats blocked—here are the airline policies on this

Keep Me Logged InCNBC Select may receive an affiliate commission when you click on the links for products from our partners. to read our full advertiser disclosure.Consumer spending continues to be affected by the coronavirus, and many Americans have canceled or postponed upcoming travel plans. Major have incurred the brunt of the impact, with many receiving bailouts from the government.But one thing that could be a win-win for both consumers and airlines is increased health and safety measures. In fact, 63% of U.S. consumers are willing to pay extra to have every other seat free on a...

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Alexandria White
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'More cautious' over tech stocks with heightened U.S.-China tensions: Deutsche Bank

'More cautious' over tech stocks with heightened U.S.-China tensions: Deutsche Bank

Keep Me Logged InAlthough Deutsche Bank is "a bit more cautious" given headwinds from U.S.-China tensions, tech stocks are still likely to do well given the coronavirus pandemic's impact on our way of life, says Tuan Huynh. He adds that the firm remains constructive on Chinese equities and bonds.02:26a few seconds agoGot a confidential news tip? We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services. © 2020 CNBC LLC. All Rights Reserved. Data is a real-time snapshot *Data...

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Sen. Sanders proposes one-time tax that would cost Bezos $42.8 billion, Musk $27.5 billion

Sen. Sanders proposes one-time tax that would cost Bezos $42.8 billion, Musk $27.5 billion

Keep Me Logged InKey PointsBernie Sanders goes after billionaires who made 'outrageous profits' during the pandemicTop tech leaders and other billionaires would be forced to hand over billions of dollars in wealth they've gained during the coronavirus pandemic under a , I-Vt., Ed Markey, D-Mass., and Kirsten Gillibrand, D-N.Y.The "Make Billionaires Pay Act" would impose a one-time 60% tax on wealth gains made by billionaires between March 18, 2020, and Jan. 1, 2021. The funds would be used to pay for out-of-pocket health-care expenses for all Americans for a year. As of Aug. 5, the bill...

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More than 60 NFL players choose to opt out of season due to coronavirus concerns

More than 60 NFL players choose to opt out of season due to coronavirus concerns

Keep Me Logged InKey PointsThe deadline for players to opt out of the upcoming National Football League season has officially passed, and more than 60 individuals have decided to sit at home for the 2020 season due to the coronavirus pandemic, the Thursday.The NFL's deadline was 4 p.m. ET on Thursday for voluntary opt-opts, and the league allowed players with high-risk, pre-existing medical conditions to sit aside. Players who opt out of the season are paid $150,000, which is labeled a "salary advance" and will be paid back, while high-risk players have more detailed processes.Players who...

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Some foreign workers were sent stimulus checks in error. Fixing the mistake won't be easy

Some foreign workers were sent stimulus checks in error. Fixing the mistake won't be easy

Keep Me Logged InKey PointsWhen the U.S. government sent out urgent stimulus checks this spring, some people who had already died received money.Now it seems another ineligible group may be getting checks: foreign workers. this week that a number of those recipients are now living in their home countries. Just how big the problem could be is unknown.To date, an estimated have been sent, according to the Treasury Department.More from Personal Finance:"They were learning while doing," Janet Holtzblatt, senior fellow at the Urban-Brookings Tax Policy Center, said of the IRS. "They did an...

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Lorie Konish
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New York AG seeks to dissolve NRA in lawsuit accusing leaders of self-dealing, causing $64 million in losses

New York AG seeks to dissolve NRA in lawsuit accusing leaders of self-dealing, causing $64 million in losses

Keep Me Logged InKey PointsNY State Attorney General: We're seeking an order to dissolve the NRA in its entiretyNew York Attorney General Letitia James on Thursday announced that the state is seeking to dissolve the National Rifle Association in a lawsuit that accuses the leadership of the flagging nonprofit of diverting millions of dollars for their own personal use. According to the lawsuit, the senior leadership of the NRA squandered millions in donations on personal trips, private jets and expensive meals. The failure to lawfully manage the organization's funds contributed to losses of...

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Tucker Higgins
1d ago
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Nikola's entire quarterly revenue of $36,000 was from solar installation for the executive chairman

Nikola's entire quarterly revenue of $36,000 was from solar installation for the executive chairman

Keep Me Logged InKey Points entire second quarter revenue of $36,000 was related to solar installations for Executive Chairman Trevor Milton, according to a filing with the Securities and Exchange Commission."During the three months ended June 30, 2020 and 2019 the Company recorded solar revenues of $0.03 million and $0.04 million, respectively, for the provision of solar installation services to the Executive Chairman, which are billed on time and materials basis," the company's 10-Q said. "During the six months ended June 30, 2020 and 2019 the Company recorded solar revenues of...

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Pippa Stevens
2d ago
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New York Times' digital revenue tops print for first time in 'watershed moment,' CEO says

New York Times' digital revenue tops print for first time in 'watershed moment,' CEO says

Keep Me Logged InKey PointsThe NY Times CEO on digital subscriber growth: We've made real progress for the first time Wednesday reported higher revenues from its digital business than its print operations, a "watershed moment" in the newspaper's nearly 170-year history, according to CEO . "And we don't think it's likely we're going to go back from this moment," Thompson said on CNBC's The Times reported $185.5 million in revenues from digital subscriptions and advertisements, compared with $175.4 million in revenues from print subscriptions and advertisements. In the year-ago quarter, the...

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Kevin Stankiewicz
2d ago
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Facebook releases its second attempt to copy rival TikTok by leveraging Instagram's popularity

Facebook releases its second attempt to copy rival TikTok by leveraging Instagram's popularity

Keep Me Logged InKey PointsInstagram its short-form video feature, Reels, broadly on Wednesday, in an effort to compete with the rapidly-growing TikTok.Instead of operating as a separate app, Reels can be found within the Instagram app itself by selecting "Reels" at the bottom of the Instagram camera. Reels allows users to create 15-second clips, like TikTok, and share them publicly or with friends within the Instagram app.The editing software operates much like TikTok. Users can overlay audio, select augmented reality effects and upload video clips in a similar manner. Reels was launched...

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Jessica Bursztynsky
2d ago
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Bezos sells more than $3 billion in Amazon shares

Bezos sells more than $3 billion in Amazon shares

Keep Me Logged InKey Points CEO this week has sold more than $3.1 billion worth of shares in his company, with the Securities and Exchange Commission compiled by OpenInsider.The sales were part of a prearranged 10b5-1 trading plan, according to the filings. , Bezos sold more than $4.1 billion worth of shares in the company. The sales this week bring his total cash out in 2020 to slightly more than $7.2 billion so far. He still owns more than 54 million shares, worth more than $170 billion, making him the richest person in the world. By way of comparison, Bezos sold $2.8 billion worth of...

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Salvador Rodriguez
2d ago
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Trump says there's no question the coronavirus 'will go away'

Trump says there's no question the coronavirus 'will go away'

Keep Me Logged InKey PointsPres. Trump says the virus will just go awayPresident Donald Trump reiterated Wednesday that the coronavirus will "go away," and he continued to push for schools to reopen since the virus "doesn't have much of an impact" on children. "It's going away. It'll go away. Things go away. No question in my mind that it will go away," Trump said during a White House press briefing. Trump applauded the country's coronavirus vaccine and therapeutic development, saying it has had "tremendous success" and is "ready to deliver them literally as soon" as they're...

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Noah Higgins
2d ago
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Nikola founder attempts to restore confidence and curb investor expectations as shares plunge

Nikola founder attempts to restore confidence and curb investor expectations as shares plunge

Keep Me Logged InKey PointsFull interview with Nikola Founder Trevor Milton Executive Chairman Trevor Milton on Wednesday attempted to restore confidence and curb investor expectations in the company as the stock plunged by more than 10% a day after its first quarterly earnings report."We're a pre-revenue company. We told everyone from the beginning of the year, look, give us until the end of this year," Milton said on CNBC's  "People want us to be Tesla in our first three weeks. … That's not going to happen."Nikola, which went public in early June, is still conducting research and...

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Michael Wayland
2d ago
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Microsoft could buy TikTok for as much as $30 billion

Microsoft could buy TikTok for as much as $30 billion

Keep Me Logged InKey PointsMicrosoft is seeking transfer of TikTok's 15 million lines of code: Faber ReportMicrosoft plans to finish its acquisition talks with TikTok within the next three weeks, ahead of the Sept. 15 deadline,  CNBC's reported Wednesday. The deal could be worth up to $30 billion.If the deal goes through, Microsoft has already agreed with the U.S. government to bring TikTok's code from China to the U.S. within one year. Faber also reported that the two sides haven't landed on a price for TikTok yet, but it could be between $10 billion and $30 billion. Treasury Secretary...

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Jessica Bursztynsky
2d ago
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New York City sets up quarantine checkpoints as it toughens state travel restrictions

New York City sets up quarantine checkpoints as it toughens state travel restrictions

Keep Me Logged InKey PointsNew York City sets up quarantine checkpoints as it toughens state travel restrictionsNew York City is setting up quarantine checkpoints at "key entry points" along main bridges and tunnels to the city to screen travelers coming from more than 30 states with bad outbreaks, Mayor Bill de Blasio said Wednesday. "Travelers coming in from those states will be given information about the quarantine, they will be reminded that it is required, not optional," de Blasio said at a press briefing. "They'll be reminded that failure to quarantine is a violation of state law and...

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Noah Higgins
2d ago
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The $600 unemployment boost is gone. Now 6 million Americans can't pay their bills

The $600 unemployment boost is gone. Now 6 million Americans can't pay their bills

Keep Me Logged InKey PointsLosing a puts 6 million people at risk of not being able to pay their bills this month, a new survey found.That financial hardship comes at a time when , lawmakers are at an impasse over and eviction moratoriums have in around 30 states. A federal moratorium ended in late July.The $600 unemployment subsidy, created by a federal coronavirus relief law in March, of the traditional benefits states pay.More from Personal Finance:Those state benefits averaged about $308 a week (roughly $1,232 a month) in June, according to most recent Labor Department . They dipped as...

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Greg Iacurci
2d ago
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Trump banned Jeffrey Epstein from Mar-a-Lago after sex criminal hit on member's daughter, book claims

Trump banned Jeffrey Epstein from Mar-a-Lago after sex criminal hit on member's daughter, book claims

Keep Me Logged InKey PointsPresident banned his former friend, the wealthy investor Jeffrey Epstein, from his exclusive Mar-a-Lago Club for hitting on the teenage daughter of another member, The late Epstein's banishment by Trump from the Palm Beach, Florida, club , which included paying But it also seems to have happened more than two years after a state grand jury charged Epstein with soliciting prostitution. also says that despite claims to the contrary by Trump's company, Epstein had been himself a member of Mar-a-Lago before he was banned.A Trump Organization official last year denied...

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Dan Mangan
3d ago
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Flu shot makers plan to supply record numbers of vaccine doses amid Covid-19 pandemic

Flu shot makers plan to supply record numbers of vaccine doses amid Covid-19 pandemic

Keep Me Logged InKey PointsFlu-shot manufacturers plan to ship record numbers of vaccine doses to the U.S. this year as public health officials prepare to urge as many Americans as possible to protect themselves amid the ."Though we don't yet have a vaccine for Covid, we do have a tool to prevent influenza," said Dr. Nancy Messonnier, director of the Centers for Disease Control and Prevention's National Center for Immunization and Respiratory Diseases, in a recent podcast interview.The four makers of flu vaccines have said they plan to ship almost 200 million doses to the U.S. this year, up...

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Meg Tirrell
3d ago
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Kodak reportedly under SEC investigation over disclosure of U.S. drug producing deal

Kodak reportedly under SEC investigation over disclosure of U.S. drug producing deal

Keep Me Logged InKey PointsEastman Kodak CEO James Continenza on shift to drug productionThe Securities and Exchange Commission is investigating 's disclosure about getting awarded a $765 million loan from the U.S. government to start producing drug ingredients, which sent the stock up on heavy volume ahead of the official announcement, On July 27, a day before Kodak, as well as President Donald Trump, announced the deal to make ingredients in generic drugs in response to the , shares of the film pioneer soared nearly 25% with trading volumes far exceeding those in previous sessions. The...

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Yun Li
3d ago
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Microsoft reveals more details about its 'Netflix for games' service, launching Sept. 15

Microsoft reveals more details about its 'Netflix for games' service, launching Sept. 15

Keep Me Logged InKey Points announced Tuesday it will be launching its -style cloud gaming service on Sept. 15 as part of a $15-per-month subscription bundle.The company it would make its xCloud streaming platform a free add-on to its Xbox Game Pass Ultimate service last month. Xbox Game Pass Ultimate, which costs $15 a month, is the firm's top subscription product and gives gamers access to a catalog of games on its Xbox One console and Windows 10 PCs.A beta version of Microsoft's cloud gaming software will be included with the Xbox Game Pass app on Sept. 15, allowing users to jump into a...

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Ryan Browne
3d ago
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Trump suggests Jeffrey Epstein might have been killed, defends well wishes for Ghislaine Maxwell

Trump suggests Jeffrey Epstein might have been killed, defends well wishes for Ghislaine Maxwell

Keep Me Logged InKey PointsPresident in a new interview suggested that accused child sex trafficker Jeffrey Epstein might have been killed in jail instead of having committed suicide, and defended .Trump also said, "First of all, I don't know that," when he was reminded that Maxwell "But I do know that her friend or boyfriend [Epstein] was either killed or committed suicide in jail," Trump said of the British socialite Maxwell. "She's now in jail.""Yeah, I wish her well. I'd wish you well, I'd wish a lot of people well," he told Jonathan Swan of Axios in the interview."Good luck, let them...

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Dan Mangan
3d ago
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Chinese state media slams U.S. as a 'rogue country' for its planned 'smash and grab' of TikTok

Chinese state media slams U.S. as a 'rogue country' for its planned 'smash and grab' of TikTok

Keep Me Logged InKey PointsState media says China may retaliate against potential sale of TikTok to MicrosoftChinese state media labeled the U.S. a "rogue country" and dubbed the potential sale of social media firm TikTok to as "theft," adding that Beijing could retaliate if a deal is sealed. Microsoft announced plans on Sunday to  — the U.S., Canada, Australia and New Zealand. , President Donald Trump said that buying only part of the app will be "complicated"— but he still gave Microsoft CEO Satya Nadella the go ahead. Trump added that some "key money" would have to be paid to the U.S....

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Arjun Kharpal
4d ago
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The record-setting jobs comeback looks like it could be coming to an abrupt halt

The record-setting jobs comeback looks like it could be coming to an abrupt halt

Keep Me Logged InKey PointsRecord-breaking job creation in May and June appear to be giving way to a more subdued pace, with a possibility that some of those gains even will be reversed.Current consensus is for July nonfarm payrolls to rise by 1.26 million, according to economists surveyed by Dow Jones. The number would be well below the previous month's 4.8 million but still easily better than anything the U.S. has seen in the pre-Covid 19 era. Still, recent signs are indicating that while the previous two months showed surprises to the upside, adding 7.5 million jobs in just two months,...

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Jeff Cox
4d ago
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Virgin Galactic partners with Rolls-Royce as it looks to build an aircraft for supersonic air travel

Virgin Galactic partners with Rolls-Royce as it looks to build an aircraft for supersonic air travel

Keep Me Logged InKey PointsVirgin Galactic partners with Rolls Royce to build a supersonic aircraftSpace tourism venture  announced it signed an agreement with Rolls-Royce to develop an aircraft for supersonic travel, giving a first look on Monday of the coming vehicle's design.Supersonic travel is a long-term bet for Virgin Galactic, which has been developing reusable spacecraft capable of sending people on short trips to the edge of space for more than a decade. Virgin Galactic said it completed a mission concept review alongside NASA of its supersonic vehicle design and now will work...

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Michael Sheetz
4d ago
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Twitter warns about possible $250 million FTC fine

Twitter warns about possible $250 million FTC fine

Keep Me Logged InKey Points on Monday that it expects to lose as much as $250 million for using personal information users provided for security purposes to target advertising instead, after receiving a draft complaint from the Federal Trade Commission. The stock dropped about 1% after hours on the announcement.The company made the disclosure in its with the SEC, saying that, "The allegations relate to the Company's use of phone number and/or email address data provided for safety and security purposes for targeted advertising during periods between 2013 and 2019. The Company estimates that...

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Salvador Rodriguez
4d ago
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