President Donald Trump has told delegates attending the World Economic Forum to “put their own citizens first,” but that approach has already been criticized by other public figures advocating a multilateral and consensual approach to global affairs. “How can you deal with international trade if not multilaterally?,” he said, speaking to CNBC’s Steve Sedgwick at the forum in the Swiss Alps. “How can you deal with things like migration, how can you deal with things like climate, for that matter,

In comparison, the European Union approved a sweeping data privacy law in 2018 known as the General Data Protection Regulation (GDPR), aimed at giving users a bigger say over their own data. “There is no question there needs to be some sort of regulation in the United States. It would be terrific if we had a national data privacy law; instead we have privacy by zipcode, which is not a good outcome,” he said. Concerns over data privacy have come to the forefront of public debate in particular sin

Teen-age activist Greta Thunberg told world political and business leaders in Davo, Switzerland, on Tuesday that their inaction on the climate crisis was “fueling the flames by the hour.” The 17-year-old exhorted the World Economic Forum audience to “act as if you loved your children above all else.” And by panic, Thunberg said this did not mean relying on technologies that don’t yet, or may never, exist on scale, or by talking about reaching carbon neutrality by “cheating and fiddling” around w

If you think bringing a new human into the world is daunting, wait until you see what he or she will do to your budget. In fact, your child is costing you a bundle before you even bring him or her home. With the proper planning, you can work your child’s expenses into your cash flow — and even set aside some money for those far-off college costs. “It’s an exciting time,” said Winnie Sun, founding partner of Sun Group Wealth partners in Irvine, California. “Some of us think, ‘How am I going to af

Senator Susan Collins, a Republican from Maine and chairman of the Senate Appropriations Subcommittee on Transportation. Sen. Susan Collins is facing new backlash from Democrats for her 2018 vote to confirm Justice Brett Kavanaugh to the Supreme Court, putting the Maine Republican on the defensive as she seeks a fifth term. The campaign comes as Collins is seeking reelection to the Senate, where she has cast herself as a moderate. Brian Fallon, Demand Justice’s executive director, said in a stat

Democratic presidential contender Elizabeth Warren said Tuesday she would create an independent task force in the Justice Department to investigate corruption by government officials during the Trump administration. Warren, who has been a fierce advocate of anti-corruption legislation, went a step further on Tuesday by calling for investigations and possible prosecutions of Trump administration officials. Trump has come under scrutiny for his attempts to wield the power of the Justice Department

Starbucks announced Tuesday that it will strive to become “resource positive,” storing more carbon than it emits, eliminating waste and providing more clean freshwater than it uses. The coffee chain is among the growing number of companies that are announcing sweeping sustainability goals as consumers grow increasingly concerned about climate change. The company plans to formalize those goals by March 2021, when it celebrates its 50th anniversary. As part of its far-reaching goal to become resou

Anheuser Busch InBev is betting on hard seltzer as beer consumption continues to fall in the United States. “It is something that’s profitable, it’s here to stay,” CEO Carlos Brito said on CNBC’s “Squawk Box” on Tuesday. The Bud Light brewer owns Bon & Viv, one of the top three seltzer brands, along with White Claw and Boston Beer’s Truly. But it also sells seltzer from Natural Light, one of its beer brands, and will showcase its new Bud Light Seltzer with a Super Bowl advertisement. U.S. beer c

A person enters Morgan Stanley headquarters in New York, on Thursday, July 12, 2018. Morgan Stanley’s stock is “fairly valued,” according to Citigroup. The firm downgraded shares of Morgan Stanley to neutral from buy, sending the stock down 1.2% in premarket trading on Tuesday.

Minerd: Don’t see any reason why we can’t keep pushing asset prices higherScott Minerd, global chief investment officer at Guggenheim Partners, joins CNBC’s “Squawk Box” team at the World Economic Forum in Davos, Switzerland.

Traders work during the opening bell at the New York Stock Exchange (NYSE) on January 13, 2020 on Wall Street in New York City. Best Buy (BBY) – Best Buy is investigating allegations that CEO Corie Barry had an inappropriate romantic relationship with a fellow executive. Uber (UBER) – Uber sold its Eats business in India to Ant-Financial backed Zomato, in exchange for a 9.99% stake in its local rival. Logitech (LOGI) – Logitech reported quarterly profit of 84 cents per share, 5 cents a share abo

President Donald Trump’s top economic advisor, Larry Kudlow, told CNBC on Tuesday that GDP growth in the U.S. should hit at least 3% in 2020. “This is a long cycle, and what you’ve got here in the Trump years is essentially a mini upcycle,” said Kudlow, National Economic Council director. Economic growth slumped to 2% in the second quarter and 2.1% in the third quarter, according to government data. That would make it extremely tough for the U.S. economy to hike its growth for the year above 3%.

Oppenheimer said in its upgrade of the stock that it saw an attractive valuation and upbeat top line trends among other things. Since late August COST shares have lagged up 3% vs. a gain of 14% in the S&P 500. With a now more accommodative valuation on a relative basis, the potential for well above peer top-line trends set to continue, and prospects for a special dividend, we again see the case for outperformance. As we look to the balance of 2020, we overall see a muted upside outlook for our f

Democratic presidential nominee former Secretary of State Hillary Clinton (L) speaks as U.S. Sen. Bernie Sanders (I-VT) looks on during a campaign rally at University of New Hampshire on September 28, 2016 in Durham, New Hampshire. In an interview with The Hollywood Reporter in advance of a new Hulu docuseries profiling Clinton, the former Democratic presidential nominee slammed Sen. Bernie Sanders as a political hack who supports sexist attacks on his rivals. It’s his online Bernie Bros and the

Shares of Tesla have more than doubled over the last 3 months, and New Street Research believes strong demand and management execution will drive shares even higher. On Tuesday the firm raised its target on the stock to a Street high of $800, which is roughly 57% above where shares currently trade.

Policies implemented under the Trump administration seem to be boosting the U.S. economy, private equity billionaire David Rubenstein said on CNBC on Tuesday. “Some of these policies seem to be working,” The Carlyle Group co-founder told “Squawk Box” from the World Economic Forum in Davos, Switzerland, without getting specific. “There’s some bragging about the economy, but the economy is in really good shape,” said Rubenstein, whose Carlyle has $222 billion of assets under management. Rubenstein

Professional investors spent most of 2019 worrying about the U.S.-China trade war. As a new year has dawned, so has the focus of most concern. The first Bank of America Global Research fund manager survey of 2020 shows the highest risk is now the looming presidential election, according to the 249 panelists surveyed. The survey, widely followed on Wall Street, found that 29% said they consider politics the biggest potentially disruptive issue in the year ahead. Since June 2018, the U.S-China tar

The XLI industrials ETF, which includes Boeing and Honeywell, notched record highs on Friday for the second day in a row. The ETF is also up more than 3% this month in one of the top performances in the S&P 500. Craig Johnson, chief market technician at Piper Sandler, likes the group as a whole but says one stock stands out. “Look at stocks inside of [the XLI], take a look at the chart of 3M. Textron, Lockheed and Northrop have all outperformed the market this month.

Store closures by Pier 1 Imports could mean good news for other retailers that sell home furnishings and other knickknacks. Still, there’s one company you might have expected to be on Telsey’s list but isn’t: Bed Bath & Beyond. Telsey’s analysis showed that Bed Bath & Beyond has the most geographic overlap with Pier 1 across the U.S. But the firm said Bed Bath hasn’t been able to “capitalize on Pier 1’s displaced sales …. given its own struggles.” Forth-seven percent of Bed Bath’s stores are w

The Senate impeachment trial of U.S. President Donald Trump resumes on Tuesday. President Donald Trump’s impeachment trial is set to convene Tuesday afternoon in the Senate, with Republicans and Democrats expected to clash over the rules and a possible motion to dismiss. McConnell on Monday released an outline of the trial rules that largely resemble former President Bill Clinton’s 1998 impeachment trial. Pelosi selected seven House Democrats to serve as impeachment managers in Trump’s trial. A