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Wednesday, March 1, 2017

Actually, Harley-Davidson doesn't pay India's 100% motorcycle tariff

President Trump decried India's 100% tariff on motorcycles as hurting Harley-Davidson, but iconic U.S. company has a plant in India to avoid that tax.

Published 3:24 PM

Harley-Davidson gets a serious presidential shout-out

We can be certain that Harley-Davidson has never had so much said about it in a president's address to a joint session of Congress. How the tax that Donald Trump mentioned will play out under his economic policies is less certain.

Published 3:12 PM

Trump is a buzzkill for pot stocks

Innovative Industrial Properties and other marijuana-related stocks took a dive after the White House signaled tougher enforcement of federal pot laws.

Published 3:02 PM

Should Millennials buy Snapchat stock?

It's one of the most eagerly awaited IPOs in years. But Snapchat's IPO might not be a smart investing choice for young Millennials who love the app. Snapchat is losing money and user growth is sluggish.

Published 2:22 PM

McDonald's to launch ordering app, expand delivery

McDonald's is looking to beef up its sales with new tech. The company said Wednesday that it plans to launch an app where diners can place orders for pickup, and it'll start expanding its delivery services.

Published 2:08 PM

Labor Department calls to delay major rule about retirement advice

The Labor Department has proposed delaying a rule that would require retirement advisers to act in the best interest of their customers.

Published 1:23 PM

Wells Fargo strips CEO and 7 top execs of 2016 bonuses

Wells Fargo's board announced plans on Wednesday to strip CEO Tim Sloan and seven of his top lieutenants of their 2016 bonuses and slashed stock awards they were due to be paid.

Published 12:35 PM

Dishwasher made partner at one of the world's top restaurants

Copenhagen's famous Noma restaurant has made its long-time dishwasher a new business partner.

Published 12:11 PM

Venezuela is down to its last $10 billion

Venezuela only has $10.5 billion in reserves, according to its most recent stats. Debt payments loom amid the country's economic crisis.

Published 12:09 PM

Trump's first address to congress scores solid ratings

President Donald Trump brought in solid ratings for his first address to congress on Tuesday night.

Published 12:06 PM

Rolls-Royce makes a mini-Rolls for sick kids

There is only one Rolls-Royce SRH. It was created for the young patients at a nearby children's hospital.

Published 11:50 AM

Ethics concerns shadow new Trump hotel in Vancouver

Beneath the excitement and opposition, a new Trump property in Canada stands as a reminder of how difficult it will be for Trump to shed concerns over possible ethics violations. It also illustrates the lack of transparency around the Trump Organization's deals.

Published 11:45 AM

CNN: Whistleblower reveals passport fraud

Are Venezuelan passports falling into the wrong hands? In a CNN exclusive interview, a whistleblower reveals alarming allegations to CNN's Drew Griffin.

Published 11:43 AM

Big reveal for little Rolls-Royce

Rolls-Royce created a tiny version of their luxury cars to give some young patients a bit of fun before an operation.

Published 11:34 AM

Oprah helps Weight Watchers but Nutrisystem thriving too

Weight Watchers reported earnings that topped forecasts as celebrity spokeswoman and investor Oprah Winfrey has helped the company add subscribers. But rival Nutrisystem is doing extremely well also.

Published 11:22 AM

Space Tourism 101: How to prepare to fly around the moon

SpaceX is sending tourists around the moon. But the training will likely be intense.

Published 11:19 AM

White House: Conway acted 'without nefarious motive' in Ivanka Trump plug

A White House letter to the Office of Government Ethics says a White House lawyer met with Kellyanne Conway to review federal rules prohibiting endorsements by government employees. It makes no mention of plans for disciplinary action.

Published 11:10 AM

Analyzing Trump's $1 trillion infrastructure promise

In his first address to Congress, President Donald Trump said he wants $1 trillion in infrastructure investment "financed through both public and private capital." Economists Austan Goolsbee and Stephen Moore debate the plan that could be bipartisan, but lacks specifics.

Published 11:06 AM

The world will have 43% more super-rich people by 2026

The number of super-rich individuals is slated to explode over the next decade, driven by a huge increase of wealth in Asia.

Published 11:01 AM

Do you really need to invest in bonds?

After seven years or so of pundits crying wolf that interest rates are about to surge and send bond prices reeling, it seems that the time for rising rates has finally arrived.

Published 10:37 AM

Facebook wants to get smarter about suicide prevention

Facebook announced new suicide prevention tools for users, including crisis support via Messenger and artificial intelligence to help detect users in distress. It is also rolling out its safety tools to Facebook Live.

Published 10:30 AM

Odds of a Fed rate hike in March surge

The chances of a rate hike in March surged to 66% Wednesday from 35% Tuesday after New York Fed President William Dudley said the case for raising rates is "more compelling."

Published 10:15 AM

Trump speech sends Dow above 21,000

The Dow topped the 21,000 level for the first time ever following Trump's address to Congress. The milestone comes barely a month after the Dow hit 20,000 for the first time.

Published 10:13 AM

Uber CEO apologizes after abusive rant caught on video

Travis Kalanick says he needs to "grow up" as the company scrambles to deal with yet another public relations crisis.

Published 10:03 AM

Dow soars 300 points, zooming past 21,000 for the first time

Wall Street is giving President Trump's first speech to Congress a standing ovation. The Dow raced above the 21,000 level on Wednesday for the first time ever, as investors cheer the tone of Trump's speech.

Published 9:54 AM

Snapchat's $4 billion man

Evan Spiegel, the CEO and cofounder of Snap, is due for a big payday.

Published 9:51 AM

Twitter rolls out more anti-harassment measures -- like automating Twitter jail

Twitter continues to roll out anti-harassment measures.

Published 9:00 AM

Billionaire inventor James Dyson planning a huge U.K. expansion

Dyson -- famous the world over for its sleek vacuum cleaners -- has purchased a massive 517-acre facility in England that will be dedicated to research and development.

Published 8:18 AM

Trump promises more coal and steel jobs. China is cutting 500,000

As President Trump talked about reviving "dying industries," China said it plans to ax 500,000 coal and steel jobs this year.

Published 7:50 AM

NATO countries are spending more on defense but Trump can't claim credit

It's true that NATO countries are increasing their defense spending, but it has little to do with Trump.

Published 7:49 AM

Trump details plan for health care reform

President Donald Trump lays out a series of guiding principles to Congress for his vision of a better health care system for Americans.

Published 7:17 AM

McConnell: Americans expect Obamacare repeal

Republican Sen. Mitch McConnell stated his support for the repeal and replacement of Obamacare, saying the American people are ready and expect it to be done.

Published 7:16 AM

Trump's speech to Congress in 90 seconds

Here are all the key moments from President Donald Trump's first address to a joint session of Congress.

Published 7:09 AM

Trump voters give speech an A: He 'stepped up his game'

President Trump's supporters overwhelmingly give him an A grade for his first big speech to Congress. They like what he said -- and how he said it.

Published 7:07 AM

Higher-income Americans win under Republican plan to repeal Obamacare

Wealthier and younger Americans will get more in tax credits under the Republican plan to repeal Obamacare than they do under Obamacare's subsidies.

Published 6:30 AM

Trump is (still) spoiling for a trade war

While President Trump softened his tone Tuesday, his views on trade still alarm many CEOs, economists and investors.

Published 6:27 AM

Dow streak ends; Rate hike talk; Trump's big speech

Here's what you need to know about the markets before you start your business day.

Published 5:14 AM

NASA's women space pioneers to star in new Lego set

Lego says a new set will feature some of the pioneering women who played vital but sometimes under-appreciated roles in the U.S. space program.

Published 3:01 AM

Trump International Vancouver opens amidst protests

Don Jr. and Eric Trump were on hand to cut the ribbon on the new Trump International Condo and Hotel in Vancouver. The project has been controversial, with the mayor calling for the developer to remove the Trump name.

Published 1:39 AM