US News

Hercules Investments CEO and CIO James McDonald. CNBC A former investment company CEO who previously appeared as a paid contributor to CNBC was arrested on fraud charges after more than two years as a fugitive from a Securities and Exchange Commission investigation, federal prosecutors said. The defendant, James Arthur McDonald Jr., is accused of misrepresenting
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Zoom In IconArrows pointing outwards Merck’s new pneumococcal vaccine. Courtesy: Merck The Food and Drug Administration on Monday approved Merck‘s new vaccine designed to protect adults from a bacteria known as pneumococcus that can cause serious illnesses and a lung infection called pneumonia, the drugmaker said. Merck’s shot, called Capvaxive, specifically protects against 21 strains
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U.S. Treasury bond yields ticked higher Monday, following comments by Minneapolis Federal Reserve President Neel Kashkari indicating the central bank may not cut rates until December. The 10-year Treasury yield was trading 2 basis points higher at 4.236% at 6:17 a.m. ET. The 2-year Treasury note yield was also up around 2 basis points at
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Tesla shareholders on Thursday voted to ratify CEO Elon Musk’s mammoth 2018 pay plan, five months after a judge in Delaware ordered the company to rescind the package, finding it had been improperly granted by the board. At Tesla’s annual meeting in Austin, Texas, the vote in support of the compensation plan, doesn’t override the
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As sea levels rise and storms intensify, coastal real estate is seeing flooding and erosion like never before. From Dana Point, California, to Long Island, New York, and Nantucket, Massachusetts, some of the nation’s priciest coastal real estate is in an increasingly precarious position due to climate change. This year’s hurricane season is already underway,
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Dried cocoa beans at the Somos Cacao farm and production facility in Ragonvalia, Norte de Santader department, Colombia, on Friday, March 22, 2024.  Ferley Ospina | Bloomberg | Getty Images There’s pricing pressure taking hold of a specific corner of global agriculture — and it’s bittersweet. Prices of cocoa have more than tripled over the
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On Wednesday June 12th something frightening happened. The Russian Northern Fleet naval group completed “precision missile weapons” drills East of the Florida Keys, within easy nuclear missile distance of the United States.  Then the four ships of mass destruction sailed to Cuba, only 106 miles from the beaches of Florida, anchored at Havana Harbor and were
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Solugen makes water treatment chemicals and others from renewable feedstock. Todd Spoth for Solugen A Houston-based startup called Solugen has locked in a $214 million loan commitment from the U.S. Department of Energy via the program that’s most famous for financing electric vehicle maker Tesla in its early years. According to Solugen CEO Gaurab Chakrabarti
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This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting that concluded May 1. Text removed from the prior statement is in red with a horizontal line through the middle. Text appearing for the first time in the June statement is in red and underlined. Black text appears in
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Oracle shares jumped as much as 11% in extended trading on Tuesday after the software maker announced cloud deals with Google and OpenAI, despite fourth-quarter results that fell short of Wall Street expectations. Here’s how the company did in comparison with LSEG consensus: Earnings per share: $1.63 adjusted vs. $1.65 expected Revenue: $14.29 billion, vs.
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General Motors CEO Mary Barra, center, at the New York Stock Exchange, Nov. 17, 2022. Source: NYSE DETROIT – General Motors on Tuesday announced a new $6 billion stock repurchase authorization has been approved by its board. The new buyback authorization comes as an accelerated $10 billion share repurchase program announced in November 2023 is
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Hunter Biden, son of U.S. President Joe Biden, arrives at the federal court for his trial on criminal gun charges in Wilmington, Delaware, U.S., June 7, 2024.  Hannah Beier | Reuters This is developing news and will be updated throughout the day. The criminal gun trial of Hunter Biden resumes Monday morning with the chance
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South Dakota Governor Kristi Noem speaks at the NRA-ILA Leadership Forum during the National Rifle Association (NRA) annual convention in Houston, Texas, U.S. May 27, 2022.  Shannon Stapleton | Reuters South Dakota Gov. Kristi Noem, once a strong contender to be former President Donald Trump‘s vice presidential pick, suggested on Sunday that the presumptive Republican
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