For Uber shareholders, Wednesday is a landmark day, presenting the first opportunity for most of them to sell stock since the company’s IPO six months ago. Of the roughly 1.7 billion Uber shares outstanding, about 1 billion have been locked up since the IPO in May. Wednesday is expiration day and, according to analysts at MKM Partners, about 90% of Uber’s stock will be available for sale, with some insiders still restricted from unloading portions of their stake. According to the company’s IPO p

As a possible trade deal gets closer, investors are less fearful of a recession and interest rates are in a new trend higher. “The one thing in Washington that’s affecting markets, and the only thing, is the trade deal,” said Andrew Brenner of National Alliance. … How quickly you resumed higher rates and how quickly the curve is steepening out tells me the trend is changing, and we’re moving to a very large trend higher in interest rates.” “I think a lot of this is optimism over the trade deal

“I think the first place will be where we make sure we really cut down on costs,” Goel told CNBC. Goel says the company is also trying to deepen its customer relationships and pressing the pause button on certain areas of expansion. Ameri-Source sits at the edge of deep-blue Allegheny County, but most employees commute from surrounding counties that backed Trump in 2016. Flooded with resumes for jobs that don’t existSince Trump’s inauguration, companies have added more than 400,000 manufacturing

Jamie Dimon is wading into the ongoing feud between Sen. Elizabeth Warren and American billionaires including money manager Leon Cooperman. Dimon, himself a billionaire thanks to his decades running some of the biggest U.S. lenders, was asked by CNBC’s Wilfred Frost if presidential hopeful Warren was anti-business. “You really have to ask her what she really means,” Dimon said in the interview, parts of which were scheduled to air on CNBC’s “Closing Bell.” “She uses some pretty harsh words, you

Some Robinhood users have been manipulating the stock-trading app to trade with what they’re calling “infinite leverage.” Through Robinhood Gold, the start-up’s subscription service, users can borrow money from the company to make trades. The backdoor was essentially free money and was being called “infinite leverage” and the “infinite money cheat code” by Reddit users who discovered it. It lets traders borrow money to buy stocks: the buyer puts down a percentage and the brokerage acts as the le

Twitter CEO Jack Dorsey doesn’t appear to be a big fan of Facebook’s new branding. In a tweet on Tuesday, Dorsey made fun of Facebook’s new corporate logo by calling out its all-caps design. Last week, mere minutes before Facebook’s earnings call, Dorsey announced Twitter would no longer allow political ads on its website. Without naming Zuckerberg, Dorsey took a jab at the Facebook CEO’s longstanding rhetoric around political ads, saying the move to ban ads on Twitter wasn’t related to free spe

In this Tuesday, July 10, 2018, file photo, President Donald Trump is joined by Gordon Sondland, the U.S. ambassador to the European Union. Sondland went on to say that the Ukrainian official had pressed him for details about exactly what Trump wanted in exchange for releasing the aid, which had been appropriated by Congress. one of the investigators asked Sondland, according to his October testimony released Tuesday..”Ultimately, yes,” Sondland replied. Giuliani and Trump wanted Ukraine to anno

In a new patch, Fortnite has added a new Harpoon Gun. The Harpoon Gun is essentially an upgraded version of the fishing pole that arrived when this season began. It’s unclear if the Harpoon Gun has all of the same uses as a fishing pole, but it does seem likely. That would mean that you can use the Harpoon Gun to grab loot from a distance, while also being used for fishing. The Harpoon Gun deals 75 damage if you shoot a player with it, while also pulling them towards you.

On Nov. 1, Blizzard announced Overwatch 2, a new Overwatch experience the developer promised will put story into the game. Clearly, time’s passed between Overwatch and Overwatch 2, something explicit in the visual changes to the game’s heroes. Overwatch fans online immediately noticed Mercy’s new ‘do, a short cut that’s not unlike “The Karen.” The confusing part is that in the Overwatch 2 cinematic, Mercy’s wearing her old uniform and clearly has a ponytail. Regardless, most of the Overwatch fan

With Red Dead Redemption 2 now available on Windows PC, graphics card manufacturer Nvidia has announced its guidance for hitting 4K at 60 frames per second. Turns out that even its most expensive consumer-level GPU, the roughly $1,200 GeForce RTX 2080 Ti, can’t get there at the highest settings. But, as it turns out, we weren’t actually playing at the highest settings. As Nvidia revealed in its blog post, the press was working with a mix of medium and high settings at 4K. At the very least, be s

Now, publisher Devolver Digital says, those features have been plagiarized by the makers of a health and fitness app. “The Fabulous app (@GetTheFabulous) ripped off GRIS,” Devolver tweeted this morning, “and is a reminder to all devs to be mindful of big companies and brands stealing creative work from smaller studios.” The Fabulous app (@GetTheFabulous) ripped off GRIS and is reminder to all devs to be mindful of big companies and brands stealing creative work from smaller studios. pic.twitter.

Critical Role: The Legend of Vox Machina, the upcoming animated series from popular “actual play” role-playing podcast Critical Role, will stream exclusively on Amazon Prime. The show will run for two, 12-episode seasons and will be animated by Titmouse (Big Mouth, The Venture Bros.). Critical Role originally launched a Kickstarter for a possible animated episode. The show will be an adult-animated comedy, taking place in the Critical Role universe with Laura Bailey, Taliesin Jaffe, Ashley Johns

Former UK Prime Minister Tony Blair: Leave US politics to the USBritish Prime Minister Boris Johnson has found himself in a new war of words with Labour Leader Jeremy Corbyn, who is calling on voters to back him with a pledge to “get Brexit sorted” in six months if he becomes prime minister. CNBC’s Wilfred Frost sat down with former U.K. Prime Minister Tony Blair to get his thoughts on the latest headlines.

With eight weeks until 2020, one of Morgan Stanley Investment Management’s top fund managers is positioning for a market breakout that he thinks is just beginning. Andrew Slimmon, who has $5 billion in assets under management, sees the S&P 500 rallying another 5% before the new year. “There is so much cash on the sidelines coming into year-end,” he told CNBC’s “Trading Nation” on Monday. That would bring the S&P 500 above 3,225, based on Monday’s close. So, he decided to take money out and put i

Regeneron Pharmaceuuticals – The drugmaker reported quarterly profit of $6.67 per share, 31 cents a share above estimates. Shake Shack – Shake Shack came in 6 cents a share ahead of estimates, with adjusted quarterly earnings of 26 cents per share. Xerox – Xerox will sell its 25% stake in Fuji Xerox to Fujifilm for $2.3 billion, ending a 57-year joint venture between the two companies. Occidental Petroleum – Occidental said it will slash capital spending by 40% in 2020, after reporting lower-tha

Tim Seymour was a buyer of the iShares MSCI Brazil ETF. Tim is on the advisory board of Green Organic Dutchman, Heaven, Kushco, Dionymed, Tikun Olam, CCTV, and Canndescent. Dan is Long TLT Dec call spread. NKE Nov / Dec Call calendar. DIS Nov / Dec Call Calendar.

The U.K. Civil Aviation Authority (CAA) launched a national drone registration program Tuesday. If registration is not carried out by November 30, then drone users could be penalized with a fine of as much as £1,000 ($1,289). As well as the registration program, the CAA has also launched a “Drones Reunited” platform which will seek to return lost drones to their owners. Access to this is free when users sign up to the registration program. The launch of the drone registration program by the CAA

EU Chief Negotiator on Brexit Michel Barnier delivers a speech during the annual Web Summit technology conference in Lisbon, Portugal on November 5, 2019. (Photo by Pedro Fiúza/NurPhoto via Getty Images)LISBON, Portugal — The European Union’s top Brexit negotiator said Tuesday that he still hasn’t heard an adequate argument explaining the benefit of the U.K. withdrawing from the bloc. “Until now, no one has ever managed to explain to me the added value of Brexit,” Barnier told an audience at the

A de-escalation of trade tensions is in the interests of all parties in the Sino-U.S. trade war and should come “over time,” Steve Schwarzman, the co-founder, chairman and CEO of Blackstone Group, told CNBC Tuesday. They had, in effect, an agreement in principle and that’s in the process of being written down and those discussions appear to be going well,” he said. Sounding a note of caution, however, Schwarzman would not comment on a possible timeline for such a thawing in tensions. “I wouldn’t

Millennials are facing a shortfall compared to other generations when it comes to their paychecks. Overall, millennials earn 20% less than baby boomers did at the same stage of life, according to “The Emerging Millennial Wealth Gap,” a recent report from the nonprofit, nonpartisan think tank New America. “Millennials are going to be on a completely lower trajectory than previous generations,” says Reid Cramer, director of the Millennials Initiative at New America. The average millennial’s wealth