The contract, which is worth up to $10 billion over the next 10 years, will see Microsoft build cloud resources for the Department of Defense. Nadella said he understands not all Microsoft employees will agree with the decision to pursue and fulfill the contract, but he is committed to being forthright about how the leadership team makes these decisions. When Microsoft executives expressed interest in bidding on the contract roughly one year ago, employees pushed back with an open letter that ca

How Oatly took over AmericaOatly sat in relative obscurity in Sweden for its first 20 years. In 2012, the oat milk company brought in a new CEO, Toni Petersson, with a radical new vision for the brand and with a new look and a tasty product, Oatly set its sights on America.

Aside from buying a home , a car is probably the second-most expensive purchase you will ever make in your life. If you make the median household income of about $62,000 a year, don’t spend more than $6,200 on a car. It’s simple: Spend no more than 10% of your gross annual income on the purchase price of a car. Worst of all, after they pay a 20% effective tax rate on their annual gross income, they’ll be spending almost 100% of their net income on the car! When you spend more than 10% of your in

In the U.S., home prices are continually on the rise, and as a result, 60% of millennial homeowners say housing costs make it difficult to achieve their financial goals. Specifically, nearly half (42%) worry about whether they’ll be able to save enough to pay for their children’s college tuition. In its 2019 Homeownership Study, Hometap surveyed 675 homeowners, including 241 millennials, in order to take a closer look at how high housing costs impact U.S. homeowners. In fact, 59% of well-off mil

But even with good health insurance, the bills piled up. An increasingly common plightSam is not alone in struggling to balance health-care costs with savings. Even more troubling, health-care expenses are one of the leading causes of personal bankruptcies in the U.S. “Health care is ridiculously expensive right now,” Jonathan Wiik, principal of health-care strategy at TransUnion Healthcare, tells CNBC Make It. Health-care costs hitting younger generations

Billionaire investor Leon Cooperman teared up on Monday as he discussed the political divide in the U.S. and his concerns about the American dream. Cooperman’s response came in the midst of a political battle between the longtime investor and presidential hopeful Sen. Elizabeth Warren. Cooperman has been a vocal critic of Warren’s proposed wealth tax and her general distrust of America’s richest individuals. The two have sparred in recent weeks, with Warren contending that the billionaire should

McDonald’s confirmed Monday that its Chief People Officer David Fairhurst has departed the company, effective immediately. Fairhurst’s departure follows the company’s announcement Sunday evening that the board fired CEO Steve Easterbrook for violating company policy by having a relationship with an employee. McDonald’s declined to comment further, citing company policy to not comment on personnel matters or disclose the specifics of company policy. Prior to that role, he was McDonald’s chief peo

Trump’s lawyer, Jay Sekulow, said the president would ask the U.S. Supreme Court to overturn the ruling by the 2nd Circuit Court of Appeals. In a unanimous ruling, the three-judge appeals panel in New York rejected Trump’s argument that he is immune as president from criminal investigation while in the White House. A federal appeals court ruled Monday that President Donald Trump’s tax returns must be turned over to a state grand jury. The appeals panel ruled that presidential immunity should be

The bitter feud between Sen. Elizabeth Warren and Wall Street is spilling into Democrats’ efforts to take back the Senate next year. They believe Republicans could keep her potential administration in check if the GOP holds onto or expands its Senate majority. Republicans have a 53-47 majority in the Senate; Democrats need to flip a net of four seats to take control. They see it as a way to put pressure on the party as a whole to move away from Warren.” He also said he doesn’t believe that there

Pokémon Sword and Shield aren’t out until November 15, but the internet is buzzing with leaked information from the games already. The following contains major Pokemon: Sword and Shield spoilers. We already know that Sword and Shield won’t contain every single Pokémon in existence — that fact has become a huge controversy for players who have diligently collected and transferred every creature across games. Green denotes Pokémon still in the game, while dark green signals that creature has a new

Faze Jarvis, a YouTuber with nearly 2 million subscribers, has been permanently banned from playing Fortnite after uploading videos where he uses cheating software to kill enemies. While some believe this is a cut and dry situation, others, like popular YouTuber The Fortnite Guy, are calling it unfair. “We have a zero tolerance policy for the usage of cheat software,” Epic says. The professional players temporarily banned earlier this year teamed up and made an agreement, whereas aimbots are som

Under Armour – Under Armour said it is the subject of a U.S. accounting probe, confirming an earlier Wall Street Journal report. The investigation is said to center around whether the athletic apparel maker shifted sales from quarter to quarter to improve financial metrics. Separately, Under Armour reported quarterly profit of 23 cents per share, 5 cents a share above estimates. Under Armour cut its full-year revenue outlook, but said its full-year earnings per share would be at the high end of

Goldman Sachs has shifted to a slightly more aggressive stance in its global foreign exchange recommendations amid what it sees as a “tentative stabilization” in global growth and a cooling of geopolitical risk. In a note to investors published late on Friday, the Wall Street giant said it sees greater opportunities in the global FX market, after major risk events such as a “no deal” Brexit and possible U.S. tariff increases were averted in recent weeks. “Plus, while incoming data on the global

The European Union pays out $65 billion in farm subsidies every year, but some of this money is going into the pockets of oligarchs and other powerful individuals, the New York Times reported Sunday. European farm subsidies are meant to help farmers across the 28-member states. European funds are allocated based on the size of the land owned by a farmer. The European Commission said Monday that European governments have the biggest responsibility in checking the allocation of funds. To read the

Consumer goods giants Kraft Heinz and Unilever have been criticized for advertising products on Pornhub, a site where users can upload and watch pornographic video content. A campaign for Kraft Heinz frozen food brand Devour ran on Pornhub in January, stating “Hot food porn. In an email to CNBC, a Unilever spokesperson said the company does not support advertising on porn websites and is “extremely concerned” about the reported ads from Dollar Shave Club, adding that the company retains operatio

River taxis wait for customers at the dock in the town of Bartica, Guyana on June 6, 2016. The International Monetary Fund (IMF) believes one of South America’s smallest countries is likely to see a dramatic upswing in economic growth next year. Guyana, a country of about 780,000 which shares a border with Brazil, Suriname and Venezuela in the northeast of South America, will see economic growth of 86% in 2020, according to the IMF. Such an explosive expansion of annualized real GDP (gross domes

Aramco oil facility near al-Khurj area, just south of the Saudi capital Riyadh on Sept. 15, 2019. And they believe there are plenty of reasons why international investors should be wary. Meanwhile, analysts at Bernstein noted that it was hard to evaluate a company like Aramco, which it likened to a “monster oil” company. In addition, Parker said the valuation might also be a factor adding to international investors’ concerns. “International investors might say well perhaps I need a discount to w

Piper Jaffray said it is being cautious on McDonald’s stock after its CEO’s sudden departure. The firm downgraded McDonald’s to neutral from overweight and slashed its price target to $195 from $224 per share.

Piper downgraded the stock after the company’s CEO change and said that these kinds of changes are “disruptive.” “It is by now fairly common knowledge that McDonald’s has made a change at the CEO level. Albeit unfortunate, we believe the company acted in a timely and effective manner for the reason if only company policy was violated. While fundamentals are solid (nowhere more apparent than last week’s earnings results), changes of this magnitude tend to be disruptive. Our experience leads us to

Piper Jaffray said it is being cautious on McDonald’s stock after its CEO’s sudden departure. The firm downgraded McDonald’s to neutral from overweight and slashed its price target to $195 from $224 per share.