A man takes photos of a house damaged by a 5.8 earthquake in Guanica, Puerto Rico on January 6, 2020. A 5.2 magnitude earthquake cracked walls and brought down power lines in Puerto Rico on Friday as the Caribbean island was recovering from its worst quake in over a century on Tuesday. Puerto Rico Governor Wanda Vázquez and U.S. They said Trump pledged his support for Puerto Rico after he earlier in the week approved an emergency declaration to mobilize resources for recovery efforts. In the aft

Oman’s Sultan Qaboos bin Said, one of the Middle East’s longest serving rulers who maintained the country’s neutrality in regional struggles, died on Friday and state media said his cousin Haitham bin Tariq al-Said was named his successor. The casket, draped in the Omani flag, was then carried into Sultan Qaboos Grand Mosque in the capital Muscat, where prayers were being held. Qaboos had no children and had not publicly appointed a successor. A 1996 statute says the ruling family will choose a

There isn’t much variation among player salaries in the first several years. MLB players are no longer eligible for arbitration once they hit six years in the Major Leagues and become free agents. Betts and the Boston Red Sox reportedly agreed to a one-year, $27 million deal ahead of the deadline, according to a tweet from ESPN’s Jeff Passan. There were reports that Indians shortstop Lindor also reached a $17.5 million deal, according to MLB.com. If a settlement has not been reached by the deadl

Self-driving technology supplier Mobileye CEO Amnon Shashua told CNBC Friday that the first phase of autonomous driving will come in the form of cab services. The roll-out of self-driving cars must be marketed to fleet operators before it will be available to the general public, Shashua explained to show host Jim Cramer. The company is projecting that the consumer market could come as soon as 2025. “When you think about the cost of the technology — the self-driving system — today it’s somewhere

Scenes of riot police firing tear gas canisters into crowds of protesters have become a frequent image. With unrest intensifying in places such as Hong Kong and Iraq, the nonlethal weapons industry is expected to surge. So, where does all this tear gas come from? The U.S. is the largest developer, operator and exporter of nonlethal weapons, according to Stratistics. Watch the video above to find out more about the tear gas industry and why the demand for nonlethal crowd-control weapons is on the

The Dow Jones Industrial Average on Friday broke above 29,000 for the first time ever. Four experts discuss the record and what it means for the rest of 2020. Andrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management, sees a pattern in the market’s rally. Kate Moore, head of thematic strategy for BlackRock’s global allocation investment team, said a looming election could curtail investment spending. “Important for the Fed is the delineation between the stock market indice

Companies rushed to sell $69 billion in high-grade bonds this week, the second-highest weekly amount ever, according to BofA Securities. “I think this is going to be another year where issuance volumes are down,” said Hans Mikkelsen, head of investment grade corporate strategy at BofA Securities. He said the rate on the ICE/Bank of America investment grade bond index is 2.87%, about the same it was at in early September. That represents the rate on corporate bonds at all investment grade rating

General Motors’ Hummer was an SUV based on the design of the military vehicle known as the High Mobility Multipurpose Wheeled Vehicle, or “Humvee.” DETROIT — General Motors is resurrecting the Hummer, buying Super Bowl airtime to debut an all-electric pickup version of its gas-guzzling, military-style SUV, which was discontinued a decade ago, according to people familiar with the plans. The vehicle, which was first reported Friday by The Wall Street Journal, will be sold under the automaker’s GM

Brendan McDermid | ReutersGoldman Sachs is telling its wealthy clients not to expect 2019’s blowout returns again this year. “Strong erstwhile returns have borrowed from future gains,” Sharmin Mossavar-Rahmani, Goldman Sachs Investment Strategy Group CIO, said in the group’s 2020 outlook. Goldman’s base case estimates the S&P 500 will return 6% in 2020, with a 55% probability. The S&P 500 returned a whopping 30% in 2019, helped by the Federal Reserve’s three rate cuts to spur economic growth. Th

“Our analysis doesn’t point to compelling evidence that AAPL’s strength over the last year has been attributable to either buybacks or other technical factors such as the migration to passive,” Sacconaghi said. Equity funds globally saw outflows every year between 2015 and 2018, data from Refinitiv shows. “When assets move from active to passive, Apple goes from being an underweight among active managers to a market weight,” the analyst said. Equity ETFs saw just over $97 billion in inflows last

If you beat the odds stacked against hitting the Powerball jackpot, there’s an estimated $277 million waiting for you in Saturday night’s drawing. And while the chance of winning the jackpot is about 1 in 292 million, at some point, someone will get really lucky. Here are some tips for protecting your windfall if you hit the jackpot in Saturday night’s Powerball drawing. For this $277 million jackpot, the cash option — which most winners go with — is $188.4 million. The 24% federal withholding w

The report also found that, “Unbeknownst to any members of MIT’s senior leadership … Epstein visited MIT nine times between 2013 and 2017.” Ito resigned last year after revelations about Epstein’s donations to the Media Lab. Lloyd received two donations of $50,000 in 2012, and the remaining $125,000 in 2017, according to the report. “Epstein viewed the 2012 gifts as a trial balloon to test MIT’s willingness to accept donations following his conviction” in Florida, MIT said. “Professor Lloyd kn

Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the closing bell on October 2, 2019 in New York City. Drew Angerer |Getty ImagesDow Jones Industrial Average falls 133 pointsThe Dow slid 133.13 points, or 0.46%, to 28,823.77 after briefly breaking above 29,000 for the first time. Wall Street slipped from record highs after disappointing jobs data was released to end a wild week. That’s below the Dow Jones estimate of 160,000. Still, the data was not

SoftBank is still “the Berkshire Hathaway of tech” despite its recent pitfall at WeWork and key differences in investment style between Warren Buffett and Masayoshi Son, according to Bernstein. Investments in either SoftBank or Berkshire Hathaway would have served investors well over the past 10 years. As the analysts note, an investment in SoftBank would have generated returns of over 300% in Japanese yen and 230% in U.S. dollars. But notwithstanding similar equity returns, the Bernstein compar

The Federal Aviation Administration is seeking a $5.4-million fine against Boeing for faulty wing parts on dozens of 737 Max planes. The planes have been grounded worldwide since March after two fatal crashes, but FAA’s proposed penalty does not refer to the flight-control software that was implicated in those two deadly flights. The proposed fine caps a devastating week for Boeing. A Boeing plane crashed in Iran killing all 176 people on board and hundreds of internal messages were released tha

Bryan R Smith | ReutersHere’s what you need to know about Monday before you hit the door for the weekend. The Dow Jones Industrial Average set a new intraday high on Friday, briefly topping the 29,000 level before finishing down slightly for the session. JP Morgan healthcare conferenceThe J.P. Morgan healthcare conference kicks off on Monday, with more than 450 companies slated to present over four days in San Francisco. J.P. Morgan research analysts said in a note to clients that four stocks, i

“I need time with family and friends where I’m not ‘Mark Zuckerberg’ but just me as a person,” he wrote in the comment. In March, Zuckerberg said private messaging and “small groups” are “by far the fastest growing areas of online communication,” in a Facebook post. Of course, as Zuckerberg admitted in the March post, Facebook doesn’t “currently have a strong reputation for building privacy protective services.” Zuckerberg predicted in Thursday’s post that it will take five or more years for our

“What’s special about Bill and worth incredible praise is that he’s as generous as he is brilliant,” Johnson says in his Instagram post. “With all of his admirable self-made success, he’s also dedicated his life to philanthropy in education, health and poverty.” (Microsoft did not immediately respond to CNBC Make It’s request for comment on whether Johnson is a paid spokesperson for the company.) The Bill and Melinda Gates foundation, which Gates co-founded with his wife, is dedicated to support

New York Mayor Bill de Blasio speaks to the media during a press conference at City Hall on January 3, 2020 in New York City. New York Mayor Bill de Blasio said Friday that the city —”because of the possibility of a criminal act” — notified Manhattan prosecutors after news reports that the Trump Organization gave conflicting information about income and expenses to city tax officials and investors. ProPublica and WNYC reported in October that documents showed that Trump’s businesses gave lenders

Banks are first up with J.P. Morgan Chase, Citigroup and Wells Fargo releasing earnings Tuesday, and Bank of America and Goldman Sachs reporting on Wednesday. “I think earnings are going to be a good component,” said Michael Arone, chief investment strategist, U.S. SPDR Business at State Street Global Advisors. The China trade deal is expected to be signed on Wednesday, and while it may be a nonevent, it has the potential for surprises. Peter Boockvar, chief investment strategist at Bleakley Adv