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Monthly Archives: January 2019

As Intel plunges, here’s what every major analyst had to say about its dismal report

Justin Sullivan | Getty Images The Intel logo is displayed outside of the Intel headquarters in Santa Clara, Calif. Rising competition weighed on analysts minds following Intel’s dismal report after the bell Thursday. Wall Street largely believes the company’s sales shortfall is an Intel-specific problem and they remain bullish on …

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Facebook and others pledge millions of dollars to affordable housing

Mark Zuckerberg (R), founder and CEO of Facebook, and wife Priscilla Chan arrive on the red carpet during the 2nd annual Breakthrough Prize Award in Mountain View, California November 9, 2014. Facebook and the nonprofit Chan Zuckerberg Initiative are among the participants in a new group that’s promising to commit …

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Experts say Trump’s border wall will take years longer than he claims

Mandel Ngan | AFP | Getty Images President Donald Trump (C) is shown border wall prototypes in San Diego, California on March 13, 2018. President Trump claimed this week that his long-promised wall — the solution for what he describes as an illegal immigration crisis at America’s southern border — …

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Trump demands payment on wall as Schumer and McConnelll try to reach shutdown deal

Andrew Harrer | Bloomberg | Getty Images Senate Majority Leader Mitch McConnell, a Republican from Kentucky, right, talks to Senate Minority Leader Chuck Schumer, a Democrat from New York, while walking towards the Senate Chamber at the U.S. Capitol in Washington, D.C., U.S., on Wednesday, Feb. 7, 2018. Funding for …

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Venezuelan government could topple on its own, even without new U.S. sanctions, economists say

Threatened U.S. sanctions on Venezuelan oil could further destabilize the beleaguered country, but some economists say there’s already a good chance the Latin American country could collapse on its own. Venezuela’s 14 months of hyperinflation is among the worst in recent history, and that could be its undoing, according to …

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Microsoft Bing restored in China after nearly a day-long outage

Mark Kauzlarich | Bloomberg | Getty Images Microsoft CEO Satya Nadella speaks at an Economic Club of New York event in New York on Feb. 7, 2018. Microsoft’s Bing search engine was restored in China Thursday after a nearly day-long outage, a company spokesperson confirmed to CNBC. Users first reported …

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US economy now growing at less than 2 percent due to government shutdown, JP Morgan says

Scott Olson | Getty Images Government workers protest the government shutdown during a demonstration in the Federal Building Plaza on Jan. 10, 2019 in Chicago, Illinois. J.P. Morgan economists said the government shutdown is beginning to take a bigger toll on the U.S. economy, and growth is now below 2 …

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Intel earnings Q4 2018

Samyukta Lakshmi | Bloomberg | Getty Images Bob Swan, interim chief executive officer and chief financial officer of Intel Corp., reacts during the inauguration of the company’s research and development facility in Bengaluru, India, on Thursday, Nov. 15, 2018. Intel will report its fourth-quarter earnings after market close on Thursday. …

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US and China are in cold war that ‘threatens to turn into a hot one’

Matthew Lloyd | Bloomberg | Getty Images George Soros, billionaire and founder of Soros Fund Management LLC, looks on during an interview at the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 21, 2016. Liberal billionaire George Soros on Thursday warned that the U.S. and China, the world’s …

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Government shutdown sparks safety concerns among aviation workers

Jonathan Ernst | Reuters Federal air traffic controller union members protest the partial U.S. federal government shutdown in a rally at the U.S. Capitol in Washington, U.S. January 10, 2019. Hayes said JetBlue has not experienced a decline in bookings due to the shutdown, but added that its own employees …

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