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Monthly Archives: January 2018

Deficit will rise by $31 billion from Obamacare tax suspension

Joe Raedle | Getty Images Pedro Rojas holds a sign directing people to an insurance company where they can sign up for the Affordable Care Act, also known as Obamacare Check out your big bill from Congress having given insurance companies, medical device makers and employers yet another break on …

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Cramer’s charts show oil prices could soon peak

Rising oil prices have breathed new life into the oil patch, but the sudden enthusiasm has made CNBC’s Jim Cramer wonder if it can all be chalked up to irrational exuberance. So the “Mad Money” host called on technician Carley Garner, the oil-savvy co-founder of DeCarley Trading and author of …

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Trump rejects bipartisan immigration proposal

Andrew Harrer | Bloomberg | Getty Images President Donald Trump, right, listens while Senator Dick Durbin, a Democrat from Illinois, speaks during a meeting with bipartisan members of Congress on immigration in the Cabinet Room of the White House in Washington, D.C., U.S., on Tuesday, Jan. 9, 2018. President Donald …

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Jerome Powell gets final approval to take over as Fed chairman

Joshua Roberts | Getty Images Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on his nomination to become chairman of the U.S. Federal Reserve in Washington, November 28, 2017. Jerome Powell will take the helm as the 16th chairman of the Federal Reserve, after the Senate …

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Facebook buys Boston software company that authenticates IDs

Getty Images | Bloomberg Mark Zuckerberg, chief executive officer and founder of Facebook Inc., waves after the morning session during the Allen & Co. conference in Sun Valley, Idaho, U.S., on Thursday, July 13, 2017. Facebook is buying Boston-based software company Confirm, which specializes in authenticating government-issued identification cards, a …

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Special counsel in Russia probe wants to question Trump on Flynn, Comey exits

Saul Loeb | AFP | Getty Images President Donald Trump in the Roosevelt Room of the White House in Washington, DC, January 11, 2018. The special counsel probing Russian meddling in the 2016 election wants to question President Donald Trump in the next several weeks, according to a new report. …

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Amazon will turn over third-party seller tax data to Massachusetts

Jeffrey Dastin | Reuters An employee collects items ordered by Amazon.com customers through the company’s two-hour delivery service Prime Now in a warehouse in San Francisco, December 20, 2017. Some Amazon sellers could soon get calls from Massachusetts state officials asking for unpaid sales taxes. On Tuesday, Amazon notified its …

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Johnson & Johnson gives 2018 guidance

Andrew Harrer | Bloomberg | Getty Images Johnson & Johnson Listerine brand cool mint mouthwash bottles move through the production line on a conveyor at the J&J consumer healthcare products plant in Lititz, Pennsylvania. Johnson & Johnson shares slipped Tuesday after the company clarified its forecast for the year might …

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Stocks have not been this overbought in 22 years, says technician

The stock market is its most overbought since Bill Clinton was president, but that may actually be a good thing. The S&P 500’s 14-month relative strength index (RSI) surpassed the 87 level for the first time in nearly 22 years, Ari Wald, head of technical analysis at Oppenheimer, told CNBC’s …

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125,000 Disney employees to receive $1,000 cash bonus, company launches new $50 million education program

Getty Images Chief executive officer and chairman of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York Stock Exchange (NYSE), November 27, 2017 in New York City. Disney announced Tuesday it will pay over 125,000 employees a one-time cash …

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