Other major tech companies have also come up with similar consumer or small-business offerings. It’s the kind of trend that has some investors seeing a future in which tech companies without a financial services business are the outliers. Some major tech companies are already experiencing the pitfalls of consumer lending. Bringing financial services to underserved populations has been a rallying cry for tech companies seeking to enter the world of banking. Nof warned that it’s easy for lending s

T-Mobile CEO John Legere could handle the top WeWork job because he’s shown that he’s not afraid of tough situations, Yale School of Management’s Jeffrey Sonnenfeld told CNBC on Monday. Sonnenfeld’s appearance on “Power Lunch” came after reports surfaced Monday that Legere was in talks with WeWork to become CEO of the troubled coworking company. “Wherever John Legere goes, that’s the place to buy,” Sonnenfeld said. “I thought that WeWork was circling the drain until this kind of news, but I woul

Why Google keeps selling hardwareGoogle’s hardware business is really confusing. It considers companies like Samsung both a partner and a competitor. Despite a roughly $900 billion market capitalization, Google parent Alphabet doesn’t make much money from hardware. Through acquisitions, partnerships and internal design and developments, Google has stitched together a product line that’s extensive but complex. Watch CNBC’s in-depth video on Google’s hardware business.

A spokesman for the trader, Scott Hapgood, said the 44-year-old Darien resident cannot “return to Anguilla to clear his name” because authorities there “will not give him a fair trial or guarantee his safety.” The case has sparked outrage on Anguilla, where Hapgood’s release on bail was heavily criticized. “We understand there will be people in Anguilla who say Scott is running from a trial. “Will be looking into the Scott Hapgood case, and the Island of Anguilla,” Trump wrote in a tweet. The Wh

Three administration officials are set to testify in public hearings, taking the impeachment investigation into new territory in accordance with a resolution passed by House Democrats late last month. U.S. charge d’affaires in Ukraine Bill Taylor and Deputy Assistant Secretary for European and Eurasian Affairs George Kent are set to testify before Congress in a public hearing Wednesday. Ambassador to Ukraine Marie Yovanovitch is scheduled to testify in public at 9 a.m. President Donald Trump, me

President Donald Trump attends the opening ceremony of the Veterans Day Parade in Madison Square Park on November 11, 2019 in New York City. A federal judge in Washington, D.C., on Monday dismissed President Donald Trump’s lawsuit seeking to bar a House committee from using a New York state law to obtain his state tax returns, suggesting the president’s legal action belonged in another courthouse. The ruling by Judge Carl Nichols does not mean that Trump’s state tax returns will be released to t

Generation Z may be the first generation to have grown up with cellphones and laptops, but that doesn’t mean they’ll do their holiday shopping online. The young generation is less likely than millennials and Generation X to shop online, according to a report from The NPD Group based on online surveys of 3,485 consumers in September. “College students are coming home, and now they have the opportunity to shop with either family or friends,” Cohen said. He added that they like to use the mall as a

Boeing on Monday said it expects to resume deliveries of its grounded 737 Max planes as early as next month and that airlines could be able to restart commercial service in January, setting off the biggest rally in the company’s shares since June. Boeing’s 737 Max planes have been grounded since mid-March after two fatal crashes killed 346 people. If the grounding is lifted in December and training approved in January “airlines could resume commercial service,” a Boeing spokesman said. “The FAA

“I know that the gaming world is major,” said Palmer. So when [Riot] came to me, I didn’t know about League of Legends, but I knew this was the real deal.” True Damage, as the hip-hop group is known, featured Palmer alongside artists Becky G, Soyeon, Duckwrth and Thutmose, who impersonated some of League of Legend’s most popular characters. It’s also just the latest in a long line of projects Riot Games has put out in an attempt to establish itself as more than just a game developer. Riot Games

Moderate Democrats such as Joe Biden and Mike Bloomberg are bigger threats to the pharmaceutical industry than Sen. Elizabeth Warren, Bernstein analyst Ronny Gal told CNBC on Monday. Warren expects that her proposal will bring down Medicare prices for brand-name prescription drugs by 70% and prices for generics by 30%. He too is advocating for the government to negotiate drug prices, but it’s unclear if there would be other provisions like a limit on negotiations. Gal said some Republicans are a

Southwest has completed the FAA’s tasks for most of the planes but has yet to provide documentation on 38 more that are still flying. “If the FAA’s concerns are not adequately addressed, the FAA may exercise remedies up to and including grounding the aircraft” until Southwest complies, the letter said. Southwest told the FAA it would ramp up inspections to complete them by Jan. 31, instead of a deadline of July 1, 2020, the Senate Committee on Commerce, Science and Transportation said. The paper

Step one of his fix was to name Marcelo Claure , SoftBank’s operating chief, to be WeWork’s executive chairman. Claure is in charge of hiring a new CEO and has begun talks with T-Mobile CEO John Legere on taking the job, sources told CNBC on Monday. Yet, that’s exactly what he tweeted about Legere in 2016, when T-Mobile and Sprint were heated rivals in wireless. Now, the two executives are on the same wireless team, and Legere is among several candidates being considered for the top WeWork job.

Apple is wrong to try and deflect responsibility regarding claims of gender bias involving the Apple Card to Goldman Sachs, the man whose viral tweets sparked an investigation by Wall Street regulators told CNBC on Monday. The New York Department of Financial Services opened an investigation into Goldman’s credit card practices after Hansson’s tweets. “I don’t feel like I’m a customer of Goldman Sachs,” Hansson, creator of the Ruby on Rails programming framework, said on “Closing Bell.” In a Mar

Investors are watching the broad-based sector for a take on consumer strength and to seek out the group’s individual winners. But traditional retailers may not have the run of things this earnings season. U.S. ETFs like the VanEck Vectors Retail ETF (RTH), which tracks 25 of the market’s top retail stocks, are following suit, Kilburg noted. I think Walmart has a chance here on their earnings day on Thursday, so pay attention there and that’s where I want to be long.” “The key is, really, is this

Doctors in the U.K. who recently treated a teenage boy with respiratory failure are warning that the fluid in e-cigarettes could trigger a life-threatening allergic reaction that causes inflammation in the lungs. The patient in the U.K. had a fever, persistent cough and increasing difficulty breathing throughout the week before the hospital visit. The first is always to consider a reaction to e-cigarettes in someone presenting with an atypical respiratory illness,” the doctors wrote. The patient

House impeachment investigators on Monday released a transcript of testimony delivered last month behind closed doors by Laura Cooper, deputy assistant secretary of defense for Russia, Ukraine and Eurasia. Cooper’s testimony suggests that top officials also questioned the legality of Trump’s actions as soon as they learned of them. That statement, Volker and Sondland hoped, would persuade Trump to release the frozen aid. Politico first reported on the frozen aid on Aug. 28, sparking questions th

Big Tech must protect user data against spying, security expert saysAlex Stamos, former chief security officer at Facebook who is now an adjunct professor at Stanford University, joins “Squawk Box” to discuss. Last week, federal prosecutors charged two former Twitter employees with spying on users on behalf of Saudi Arabia’s government.

“It’s a nervous superstition that I always have before we go on a broadcast,” Cena, a 16-time World Champion and one of the highest-paid wrestlers in the WWE, told Clarkson. He typically eats the Tic Tacs about 20 minutes before he has to compete on live television, he said. “It’s pretty much 10,000 calories in straight sugar,” Cena said. (In reality, a single mint Tic Tac is only 1.9 calories, and a standard pack contains 60 Tic Tacs, so three boxes would be 342 calories. Plus, Tic Tacs are mad

Kardashian West’s comments came several days before Instagram CEO Adam Mosseri announced on Friday that the company will begin hiding ‘likes’ for some users in the United States. Kardashian West added that Instagram executives have reached out to her to get her thoughts on the matter and it makes her “happy” to see them taking action. Speaking at The New York Times DealBook event on Wednesday, Kardashian West said, “As far as mental health, I mean it’s something that taking [Instagram] ‘likes’ a

According to a 2019 report by economists Emily Gallagher and Jorge Sabat, $2,467 is a good “minimum savings rule,” for low-income households, specifically. If you have that much saved, your probability of falling into financial hardship — defined as not being able to pay rent, bills or for medical care — is low. But once you have at least $2,467, “all of a sudden, saving an additional dollar didn’t seem to be that helpful anymore,” says Gallagher. Having $2,467 in savings isn’t optimal, Gallaghe