Juul tapped its brand new chief financial officer to run the embattled e-cigarette maker’s $1 billion restructuring effort, the company confirmed to CNBC on Monday. Guy Cartwright, who became Juul’s CFO in October, will become the company’s chief transformation officer, according to a Juul spokesman. Chief Administrative Officer Ashley Gould and Chief Financial Officer Tim Danaher, two veteran employees at the young start-up, are gone. The leadership changes come as Juul faces mounting litigatio

Amazon is adding exotic Italian automaker Lamborghini and Michigan-based electric vehicle startup Rivian to its growing list of partners that will integrate its Alexa voice-enabled assistant into upcoming vehicles. Amazon on Monday said Lamborghini will include Alexa in its $200,000-plus Huracan Evo and Rivian will integrate Alexa into its first two all-electric vehicles, the R1S SUV and R1T pickup, beginning later this year. Rivian also will include Alexa in its previously-announced fleet of 10

“The Middle East has been a tinderbox and especially over the last three years. We’ve seen multiple headlines over the last several years where we’re being told that we’re on the brink of war. Alli McCartney, managing director at UBS Private Wealth Management, says markets will eventually refocus on the fundamentals. Diana Amoa, senior fixed income manager at J.P. Morgan Asset Management, says markets are in wait-and-see mode. “The reaction in equity markets so far has been fairly muted, but tha

AMD announced new PC chips and graphics cards that they claim can deliver better performance than alternatives from Intel and Nvidia. Intel announced 10-nanometer chips last year and is working to release its first 7-nanometer products in 2021. Meanwhile, AMD also has 7-nanometer server chips that challenge Intel. The Radeon RX 5600 XT, boasting up to 7.19 teraflops of power, can offer better performance than Nvidia’s GTX 1660Ti, AMD said. In October Microsoft announced 15-inch versions of the S

Hyundai flying taxi Source: HyundaiBest known for its affordable automobiles, South Korean carmaker Hyundai Motor aims to take flight with Uber to develop a line of flying taxis for the Uber Elevate aerial ridehailing service. Uber Elevate is planning to begin demonstration flights this year. Hyundai flying taxi Source: HyundaiFor its part, Hyundai said its decision to develop the S-A1 is part of its broader goal of becoming a “smart mobility solution provider.” “Our vision of Urban Air Mobility

Lenovo unveiled the first Windows laptop with a foldable display during CES 2020. It’s called the Lenovo ThinkPad X1 Fold and features a 13.3-inch screen that can bend in half when you shut the laptop closed. When it’s unfolded, you can use the ThinkPad X1 Fold just like a regular tablet. But, when you need to use it like a laptop computer, you can fold the screen upward and attach a magnetic keyboard. So, you might have a presentation on one half of the screen and a video chat on the other half

The record highs come as both companies face ongoing antitrust investigations by coalitions of state attorneys general. In September, 50 attorneys general announced the launch of an investigation into Google over possible antitrust violations in its advertising business. The next month, CNBC reported that the attorneys general were preparing to expand their investigation into Google’s Android and search businesses. Alphabet’s record high comes nearly a month after former CEO and Google co-founde

Stocks bounced back from Friday’s sell-off, but it’s not the opportune time for investors to jump back in the market at full force, CNBC’s Jim Cramer advised Monday. The major indexes, however, are all still within a percentage point of their Thursday closes, which preceded a U.S. airstrike that killed Iran’s top general. “I’m still recommending proceeding with caution, at least until we get a clearer sense of Iran’s next move,” Cramer said. However, the host contended that the market is overbou

Online reviews help consumers make decisions about everything including where to eat, what to buy and how much to pay for goods and services. They’re also increasingly a place job seekers turn in order to evaluate whether they want to work for a potential employer. In fact, one in three workers has turned down a job offer after reading negative reviews about a company online, according to a recent survey from Fractl. Whether employers respond to negative reviews online also sends a message. D’Ot

“We’re all long-winded at some level when we go out because that’s the hardest part of the show,” Cuban told fellow Shark Barbara Corcoran on a November episode of “888-Barbara.” According to billionaire Mark Cuban, the “hardest part” of being on ABC’s “Shark Tank” is saying two words: “I’m out.” Greiner said it reminded her of her own success, because she didn’t get outside investment in her own business early on. But it wasn’t the disaster Corcoran thought. But before the SlumberPod founders c

If you already have a fully-funded emergency fund and make regular contributions to a retirement account like a 401(k), you’re way ahead of the curve. Most people should start with a Roth IRAIf your goal is retirement or long-term wealth accumulation, Guay recommends stashing any extra savings in a Roth IRA, which is a tax-free investment account. Morningstar’s director of personal finance, Christine Benz, also recommends investing in a Roth IRA before opening a brokerage account. Investing in s

Bob Doll: Inflation will move up a bit due to wage pressureBob Doll, chief equity strategist at Nuveen, discusses his 2020 predictions for stocks and the U.S. economy on “Closing Bell.”

The ISM index is calculated such that readings above 50 represent expansion, and readings below 50 represent contraction. Trade balanceThe Commerce Department will release the trade deficit numbers for November, and economists polled by Dow Jones expect the deficit to be $43.6 billion. The trade deficit was $42.7 billion in October, the latest month available. The deficit with China made up most of the total, coming in at $27.8 billion. The trade deficit with China was a major talking point for

Stocks rally after Fed cutsLooking ahead, Wien said that in 2020 a recession will be avoided, but that economic growth will fall short of estimates. This is a widely followed metric on the Street, since recessions are typically preceded by a steepening of the yield curve. According to CNBC’s “Market Strategist Survey,” the average 2020 year-end S&P target is 3,330. Tech will underperformTechnology led all sectors in 2019 after returning 48% — its best year in a decade — but Wien envisions 2020 s

Maintenance workers cover the engine of an American Airlines Group Boeing 737 Max plane at Tulsa International Airport (TUL) in Tulsa, Oklahoma, May 14, 2019. Microchip Technology — Shares of Microchip rose over 4% after releasing updated guidance that put projected sales near the top of its previous range. Texas Instruments — Shares of the semiconductor company rose about 2% in extended trading after fellow chipmaker Microchip released updated guidance and express confidence about the industry

In 2017, a man claiming to be a member of the ultra-wealthy Saudi royal family, named Prince Khalid Bin Al-Saud, entered into talks with real estate developers to make a $400 million investment in an iconic luxury hotel on Miami Beach. In fact, Gignac told investors they could make “five times” their initial investments once the company went public. At the time, authorities said Gignac had told store employees that he was a Saudi prince worth nearly half a billion dollars. Gignac told authoritie

Tauseef Mustafa | AFP | BloombergIranian hackers are likely planning social engineering and phishing efforts as retaliation for the U.S. military’s killing of Iranian military chief Qasem Soleimani, according to security experts in government and the private sector. But the flurry of website defacements and social media rancor over the weekend are unlikely to be important, and might not have originated from Iran at all. Russia has also assisted Iran in hacking efforts, and used the country as a

The Pentagon on Monday said that a U.S. general’s letter informing Iraq’s Defense Ministry that U.S.-led coalition troops would leave Iraq “was a mistake,” and American Defense officials insisted that the troops would remain there. Secretary of Defense Mark Esper told reporters earlier, “We are repositioning forces throughout the region, No. “Beyond that with regard to the letter, which I’ve read once, I can’t tell you the veracity of that letter,” Esper said. The letter to Iraq’s Defense Minist

Boeing and Southwest Airlines ⁠— the largest U.S. operator of the 737 Max ⁠— disclosed they had reached an agreement last month. He added that the airlines some 4,000 Boeing 737 pilots can’t simply start flying an Airbus plane. American in October forecast the Max grounding would cost it $540 million in pretax income in 2019. Regulators worldwide grounded the jets after an Ethiopian Airlines 737 Max crashed less than five months after a nearly new 737 Max in Indonesia went down, killing all 346

Pier 1 Imports on Monday said it intends to close up to 450 locations, or almost half its fleet of 942 stores, as it unexpectedly reported quarterly earnings amid bankruptcy rumors. “Fiscal third quarter sales and margins remained under pressure,” CEO Robert Riesbeck said in a statement. Pier 1 had already been on many analysts’ bankruptcy watch lists, with its weakening financial situation and large debt load. Before joining Pier 1, Riesbeck was CFO at FullBeauty Brands, in addition to serving