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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

Trump reportedly wants to kill critical Obamacare subsidies

Their filings said Trump is using decisions that could affect health insurance for millions of people "as little more than political bargaining chips," according to their court filing. On Monday, the Trump administration is scheduled to tell the U.S. Court of Appeals for the District of Columbia how, or if, it will resolve the House's lawsuit. A staunch critic of Obamacare, Trump could order an end to the payments even as that appeal, now being handled by his administration, remains pending. Sil

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

4 hacks to stretch your summer vacation budget

A stealth budget buster: the intersection of travel season and wedding season. In a recent Priceline.com survey, 15 percent of travelers say they have spent more than $1,000 on wedding-related travel. If there's a wedding (or more likely, weddings) on your summer calendar, factor those in as part of your overall budget, Sophia Bera, a certified financial planner and founder of Gen Y Planning in Austin, Texas, told CNBC. "You don't have to go to every wedding you're invited to," she said. Read mo

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

Trump’s trip and retail earnings: Here’s what could drive the market next week

President Trump's tripGibbs is keeping an eye on Trump's first foreign trip as president, a voyage that includes visits to Israel, Saudi Arabia and the Vatican. "Trump's first trip is very unusual because, typically, presidents don't do such a long marathon, hitting five cities. Retail earnings on tapRetail stocks have struggled this year, and Gibbs is watching quarterly earnings set for next week. Lowe's is set to report the same morning before the market's open, and analysts are expecting earn

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

Donovan dropping out as Trump’s nominee for deputy Treasury secretary

Jim Donovan is dropping out as President Donald Trump's nominee to serve as deputy Treasury secretary. The Goldman Sachs executive, nominated in March to serve as Treasury Secretary Steven Mnuchin's No. "I am deeply honored by President Trump's decision to nominate me as Deputy Secretary of the U.S. Department of the Treasury," Donovan said in a statement. "Secretary Mnuchin offers Jim his support and friendship as he focuses his attention on his family," Treasury spokesman Tony Sayegh said in a

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

Trump and Saudi Arabian prince may have figured out art of the deal

President Donald Trump's visit to Saudi Arabia could be a boost for the big ambitions of Saudi Arabia's young deputy crown prince, who is trying to steer the kingdom's fortunes away from oil. Trump's support in the White House statement for it when MBS was in D.C. were helpful to MBS. Such support also helps MBS in his ambition to be the new face of Saudi Arabia. Trump also visits Saudi Arabia just ahead of Thursday's OPEC meeting where the kingdom will lead the cartel in a decision on extending

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