The iconic tight black pants and leather jacket Olivia Newton-John wore as “cool” Sandy in the finale of the 1978 movie “Grease” will go to auction and could sell for $260,000, according to Julien’s Auctions. After seeing an auction Julien’s held for some of Bette Midler’s performance costumes, Newton-John thought “I could do that! A portion of the proceeds from the Julien’s auction will go to the Olivia Newton-John Cancer & Wellness Research Centre in Melbourne, Australia. Julien’s AuctionsMany

The much anticipated “Game of Thrones” prequel staring Naomi Watts will not be coming to HBO. According to a report from Variety, HBO passed on the pilot for the series, which was set thousands of years before the events of the original. The pilot was one of several “Game of Thrones” projects that HBO had put into development before the David Benioff and D.B. The news comes just months after “Game of Thrones” aired its critically-panned final season. The show, which is still in production, is ex

The company’s shares tanked on Tuesday after it warned of competitors entering the alternative meat space and a lockup period expired. I think it’s very hard for an incumbent to focus the way we do, to move as quickly as we do. So, my view is that as more entrants get into the market or raise awareness, we’ll continue to lead it. And I think that’s what this is because there wasn’t any new news today, in terms of the lockup or illuminating anything. Dan Nathan of Risk Reversal Advisors said that

The company also said auditors had completed their investigation into allegations that the company had made accounting errors in historical periods. The whistleblower letter had been made public in August as Mattel was nearing a sale of senior notes due in 2027. Mattel said it earned $70.6 million, or 20 cents a share, in the quarter, compared with $6.3 million, or 2 cents a share, in the year-ago period. The earnings beat is good news for Mattel, which has been working on a strategic turnaround

House Democrats on Tuesday released the text of a resolution outlining guidelines for conducting the impeachment probe into President Donald Trump. The document appears to expand the scope of the inquiry by allowing the House Judiciary Committee to “conduct proceedings related to the inquiry.” “The House impeachment inquiry has collected extensive evidence and testimony, and soon the American people will hear from witnesses in an open setting. Since Pelosi announced the impeachment inquiry last

Sen. Warner: Facebook’s ad policy allows politicians to ‘lie with impunity’CNBC’s “Closing Bell” team is joined by Senator Mark Warner (D-Va.) to discuss his letter to Facebook CEO Mark Zuckerberg, asking the CEO to reconsider the social media giant’s political ad policies.

Twitter stock has lost almost all its 2019 gains, and CNBC’s Jim Cramer says the current share price will “prove to be a gift” in the long term. After climbing above $45 in early September, the stock price has tumbled under $30, with 23% of those losses coming since its disappointing third-quarter earnings report Thursday. Cramer also recalled that many companies, including Salesforce, missed a chance to purchase Twitter in 2016 when the stock traded below $20. “If this thing keeps coming down,

Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Tesla’s third-quarter revenue tumbled 39% in the United States, its first drop in more than two years, but sales in China and other regions surged, the electric car maker’s break down of sales by geography showed on Tuesday. U.S. sales, which account for the biggest share of the company’s total revenue, fell to $3.13 billion from $5.13 billion a year earlier. The drop in sales in

Facebook is suing an Israeli cybersecurity company over claims it hacked WhatsApp users earlier this year. NSO Group could not immediately be reached for comment. Facebook also names Q Cyber, a company affiliated with NSO, as a second defendant in the case. NSO used its flagship software, “Pegasus,” Facebook alleges, not only to access messages sent via WhatsApp, but also messages sent on competing platforms, including Apple’s iMessage, Microsoft’s Skype, Telegram, WeChat and Facebook Messenger.

Companies also have a responsibility not to attract bad actors to their services, according to Megan Gray, general counsel and policy advocate at DuckDuckGo, a search engine alternative to Google. “It’s incumbent on the companies to not create these honeypots of data,” Gray said on a panel about tech regulation at a CNBC Technology Executive Council event on Tuesday. DuckDuckGo is best known for its privacy-focused search engine, which relies on contextual ads, rather than behavioral ads that tr

Palo Alto Networks CEO Nikesh Arora left SoftBank in 2016, a year before the company placed its first big bet on WeWork. Arora advised against doing the deal while he was there, and now says that a mountain of cash is not always the right thing for tech founders. At WeWork, SoftBank has now invested about $18.5 billion and was forced to put forth a bailout package after the public markets shunned the office-sharing company last month. “Money in the right hands and right founders, right potential

All 23 seasons of “South Park” will be heading to HBO Max in June 2020. In addition to hundreds of episodes, HBO Max will house new episodes from the shows next three seasons 24 hours after they debut on Comedy Central. The company didn’t disclose the financial terms of the deal with Viacom and “South Park” creators Trey Parker and Matt Stone. Earlier this month, it was reported that “South Park’s” streaming rights were set to be sold between $450 million and $500 million. Adding legacy shows li

Facebook board member and Trump supporter Peter Thiel called Elon Musk a “negative role model” because his many innovations make him difficult to emulate. Thiel was debating Robert Metcalfe, a professor innovation and entrepreneurship at University of Texas at Austin, on the question, “has true innovation stalled?” it’s a negative role model where the basic response is, ‘well that’s too hard, I can’t do that.'” Thiel and Musk go way back: Thiel is the co-founder of PayPal, which later merged wit

Apple AirPods Pro Todd Haselton | CNBCI just started testing Apple’s new $249 AirPods Pro headphones, which land in stores tomorrow and are already available to order. Here’s what I think so far:Active noise cancellation is greatApple AirPods Pro Todd Haselton | CNBCApple did a really good job with noise cancellation. They’re really comfortableApple AirPods Pro Todd Haselton | CNBCThe AirPods Pro are far more comfortable than AirPods and the Amazon Echo Buds, which I recently reviewed. Audio qua

AT&T’s WarnerMedia said on Tuesday that its HBO Max streaming service will launch in the U.S. in May of 2020. HBO Max is one of the newest additions to an extremely crowded streaming market that will soon include Disney+ and Comcast’s Peacock. HBO Max will start with about 10,000 hours of content, including movies, original content and classic TV shows. There will be 50 HBO Max originals in 2021. HBO will launch an advertisement-based HBO Max offering in 2021, less than a year after the ad-free

House of Commons – PA Images | PA Images | Getty ImagesThe United Kingdom is to hold a December general election for the first time since 1923 in a bid to break the Brexit impasse. On Tuesday evening, lawmakers from parties across the U.K. Parliament voted by 438 to 20 to hold a nationwide poll on December 12. Amendments to the bill, including an alternative Dec. 9 election date and a lowering of the voting age to 16, were earlier rejected. Polls currently suggest that Johnson’s government could

Senate Minority Leader Chuck Schumer (D-NY) talks to reporters after the weekly Senate policy lunches at the U.S. Capitol in Washington, October 29, 2019. Siphiwe Sibeko | ReutersChuck Schumer, the top Senate Democrat, said Tuesday that he worries President Donald Trump will shut down the federal government to divert attention from the House’s impeachment probe. “But I’m increasingly worried that President Trump may want to shut down the government again because of impeachment, an impeachment in

Boeing executives admitted to lawmakers in a tense hearing on Capitol Hill on Tuesday that the company made mistakes in developing its troubled 737 Max plane, grounded worldwide after two crashes killed 346 people. An Ethiopian Airlines 737 Max crashed in March, less than five months later, killing all 157 people on board. Sen. Maria Cantwell, D-Wash., the state where the 737 Max is produced, asked Muilenburg and the commercial airplane unit’s chief engineer whether its safety assumptions and as

This stock market rally to records is starting to look shaky. The S&P 500 refreshed its record again on Tuesday ahead of an expected rate cut from the Federal Reserve, but looking under the hood, investors are increasingly flocking to one of the safest pockets of the market — defensives. Health care stood out as the best-performing sector on Tuesday, lifted by Pfizer, Merck and HCA’s earnings beats. However, growth and more cyclical names — tech, communication services and consumer discretionary

The NCAA is embracing “change” and starting the process of allowing student-athletes to profit off of their name, image and likeness, the organization announced on Tuesday. The organization’s top governing board voted unanimously to allow college athletes to be compensated, though the NCAA’s three divisions must still craft their own rules and detail the specifics. The decision is a major shift for the organization, which had historically been steadfast in prohibiting college athletes from being