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Amazon Prime Air pilots to protest at shareholders meeting

When Mike Griffith, a career pilot, learned last year that his company Atlas Air signed a big contract to fly for Amazon's Prime Air program, he was ecstatic to take part in what he believed to be the future of logistics. Griffith, 52, is so concerned about his company's ability to hold up its end of the Amazon deal that he's heading to Seattle for its shareholders meeting on Tuesday. Griffith will be picketing along with about 50 other pilots from Atlas and air cargo conglomerate Air Transport

By | 2017-05-21T17:00:00+00:00 May 21st, 2017|companies|0 Comments

The 10 colleges that produce the most billionaires

We've all heard about college dropouts who became billionaires. Bill Gates, Mark Zuckerberg and Michael Dell all left college without a diploma only to succeed wildly. According to research firm Wealth-X, 70 percent of billionaires have a bachelor's degree. Wealth-X also provided CNBC with the top "billionaire universities" in the world, along with the number of current billionaires who received degrees (bachelor's, master's, MBA, JD, MD or PhD) from each. Read on to see which institutions yield

By | 2017-05-21T17:00:00+00:00 May 21st, 2017|companies|0 Comments

Facebook leaks reportedly reveal why it allows some videos of suicide and deaths to stay online

Facebook's internal guidelines on how it deals with a swathe of posted content from violence to revenge porn, has been leaked and published by The Guardian. The documents reveal the often strenuous conditions moderators work under which includes having to make a decision on whether a post should be removed in just 10 seconds, according to the report. The Guardian said it had seen over 100 internal training manuals, spreadsheets and flowcharts, on how Facebook moderators treat issues such as viol

By | 2017-05-21T17:00:00+00:00 May 21st, 2017|companies|0 Comments

White House looking at using ethics rule to weaken special investigation: Sources

The Trump administration is exploring whether it can use an obscure ethics rule to undermine the special counsel investigation into ties between President Donald Trump's campaign team and Russia, two people familiar with White House thinking said on Friday. Legal experts said the ethics rule can be waived by the Justice Department, which appointed Mueller. Even if the Justice Department granted a waiver, the White House would consider using the ethics rule to create doubt about Mueller's ability

By | 2017-05-19T17:00:00+00:00 May 19th, 2017|companies|0 Comments

Kudlow: Don’t Bet against Tax and Health-Care Reform in 2017

And while there's never 100 percent probability in forecasting political risk, it seems the likelihood of health-care reform by the summer and tax reform by year end (or early 2018), is quite high. Paradoxically, special counsel Robert Mueller will provide cover for President Trump, as it will take him many months to complete his investigations. Acting FBI director Andrew McCabe told Congress there's been no interference in the FBI's investigations and no request for additional funding. He think

By | 2017-05-19T17:00:00+00:00 May 19th, 2017|companies|0 Comments

After a sudden crash, investors are betting on a rebound in this market

This is the optimal time to play Brazilian equities with options, said Stacey Gilbert, head of derivative strategy at Susquehanna. This would suggest buying call options — which offer unlimited upside potential with fixed downside risk — rather than the ETF outright. Looking to year-end, the options market is pricing in almost a 40 percent probability that Brazilian equities advance or decline 30 percent from current levels, Gilbert pointed out. From a fundamental standpoint, the Brazilian marke

By | 2017-05-18T17:00:00+00:00 May 18th, 2017|companies|0 Comments

A Virginia man was just arrested for allegedly making a fake takeover offer for Fitbit’s stock

"As alleged, Robert Walter Murray created a fake tender offer for Fitbit to drive up its share price and then illegally profit from his manipulation of the market. After profiting at the expense of the public, Murray allegedly took elaborate steps to hide that he was behind the fraud," acting U.S. Attorney Joon H. Kim said in the statement. Murray allegedly bought call options for Fitbit stock around Nov. 9, 2016, and then sold the options for a profit after the "sham tender offer" moved the com

By | 2017-05-18T17:00:00+00:00 May 18th, 2017|companies|0 Comments

It’s all about the upsell: UBS explains how Tesla can make money on the Model 3

Tesla can break even, or perhaps turn a profit, on its Model 3 sedan, if enough of its customers spend a few extra thousand dollars on options, according to a new report from UBS. Analysts from UBS's Global Automobiles practice estimate that Tesla will incur an EBIT (earnings before interest and taxation) loss of $2,800 per Model 3 sold at its base price of $35,000 but the company will break even if it can achieve an average sale price of $41,000 — a level UBS thinks will most likely be exceeded

By | 2017-05-18T17:00:00+00:00 May 18th, 2017|companies|0 Comments

4 tricks to save on summer travel

Here's how to save on your summer travels Monday, 1 May 2017 | 10:14 AM ET | 00:55If you're planning a summer getaway, better start hunting for deals. Prices for summer airfares are expected to be up to 5.8 percent from last year, according to travel site Hopper. "Our advice is always to plan ahead as early as possible," said Patrick Surry, chief data scientist at Hopper. "We're already starting to see [summer] prices rise." Travelers may have already missed one deal window: Comparison site Hipm

By | 2017-05-18T17:00:00+00:00 May 18th, 2017|companies|0 Comments

Foursquare CEO says ‘there’s no limit’ to the industries that mobile data will disrupt

The refurbished platform allows Foursquare, No. There's different WiFis that are available on the tenth floor than the third floor, GPS signals, Bluetooth beacons. "But in the process of checking in at 100 million places, they've mapped the world for us. "It allows us to make technology that lets you tag a tweet on Twitter from where you're standing. Uber drivers, if you use that app, they're using our database of the world's places kept fresh by people checking in and a million different people

By | 2017-05-18T17:00:00+00:00 May 18th, 2017|companies|0 Comments
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