Pelosi asks House Judiciary Committee to proceed with articles of impeachmentHouse Speaker Nancy Pelosi on Thursday asked the House Judiciary Committee to proceed with articles of impeachment against President Donald Trump. “The president’s actions have seriously violated the Constitution,” Pelosi said at a news conference on Capitol Hill. He “leaves us no choice but to act,” she said. CNBC’s Ylan Mui reports.

Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 203,000 for the week ended Nov. 30, the lowest level since mid-April, the Labor Department said on Thursday. Claims data tend to be volatile around holidays like last week’s Thanksgiving Day, which was later this year compared to 2018. The Labor Department said no states were estimated last week. The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out

Goldman said China would be a key driver of growth for Nike. “We believe Nike is a unique asset, where a strong brand combined with a disruptive and innovative strategy are positioning the business for multi year growth, expansion in margins, and higher returns on invested capital. In this report, we present a deep dive analysis across several facets of the Nike model. In summary, we believe Nike will drive growth across geographies, categories and channels, where benefits of scale and scaled om

The United Auto Workers union international executive board on Thursday named the acting president Rory Gamble to serve in the job until June 2022 after its previous president resigned last month. Gary Jones resigned after 17 months in office as the union moved to remove him from office. U.S. prosecutors are widening a criminal investigation into illegal payoffs that so far has seen about a dozen plead guilty. Gamble has announced a number of reforms to clean up the union as he works to avoid a

The date is when the Trump administration plans to put through its next set of tariffs on Chinese goods if it can’t reach a trade deal with Beijing. With the market pricing in not just a pause in tariffs, but a rollback, Maley said the risks were still brewing. He warned that stocks could pull back by 4-6% even if the Dec. 15 round of tariffs were postponed instead of canceled. So it’s kind of a win-win situation, again, after a little bit of a breather on the near term.” On the trade front, Bap

Oracle chief technology officer Larry Ellison speaks at a company event in Redwood Shores, Calif., on Aug. 7, 2018. Fitch Ratings cut its Oracle rating to A from A+ last year. Buybacks that were already ongoing before the tax cuts kept surging, drawing down Oracle’s cash from more than $70 billion just after the law passed. Goldman analyst Heather Bellini, who declined an interview request through spokeswoman Megan Riley, has Oracle on the firm’s Conviction Buy list. Morgan Stanley, meanwhile, s

The 71-year-old Abagnale is a reformed con artist and author of “Scam Me If You Can.” He was famously portrayed by Leonardo DiCaprio in the 2002 movie “Catch Me If You Can.” Scams used to require face-to-face interaction and meant that a scammer needed make a human connection with their target. Technology lets scammers target countless people online and avoid ever meeting them in person. Whether it’s a fast-talking con artist or a random message on social media, check out this video to learn abo

If you tied the knot this year (or plan to this month), it’s worthwhile evaluating what getting married will mean for your 2019 tax situation. No matter when you get married during the year, you’ll be required to file your 2019 tax return next spring as a married couple. There also are other parts of the tax code that can cost married couples more. Singles with modified adjusted gross income above $200,000 pay the tax, while married couples filing jointly pay it if their income exceeds $250,000.

DETROIT – General Motors and LG Chem will invest up to $2.3 billion by 2023 to form a joint venture in Ohio for the production of battery cells for electric vehicles. The joint venture could decide to supply to other companies in the future, according to GM. The plant, according to GM, is expected to drive cost per kilowatt-hours, a key metric for making electric vehicles more affordable, to “industry-leading levels.” Tesla last year said its Gigafactory 1 battery plant with Panasonic in Nevada

The clothing and accessories rental service has teamed up with Marriott International’s W Hotels brand to launch a one-of-a-kind rental experience at four locations: W Aspen, W South Beach, W Washington D.C. and W Hollywood. Rent the Runway will ship the items to W Hotels, where they will be delivered to one’s hotel room. Sullivan said the plan is to grow to other properties in W Hotels’ portfolio, over time. And she added that Rent the Runway is exploring other businesses to work with in a simi

Trump campaign manager Brad Parscale also echoed the White House message. Democrats, “should just get on with it so we can have a fair trial in the Senate and expose The Swamp for what it is. WASHINGTON — White House press secretary Stephanie Grisham on Thursday responded to House Speaker Nancy Pelosi’s announcement that she would ask the House to proceed with articles of impeachment against President Donald Trump, tweeting moments after Pelosi finished, “We look forward to a fair trial in the

HSBC said regulatory overhang is equivalent to 38.5% of Facebook’s current valuation. But HSBC said its only a matter of time before the stock prices in the real threat of privacy, regulatory and antitrust risk. The results of the regulatory crackdown, including fines and policy changes could cost Facebook almost 40% of its market value, the firm said. Trust-busting, anti-competitive fines, privacy fines, taxation, merger control and telecoms-type regulation all pose potential implications to va

Buy 2019’s laggards as they will likely be 2020’s early leaders, Goldman Sachs said. The strategy to pick up battered stocks in the beginning of a given year has a good track record of beating the market, according to Goldman. In 2019, this laggard trade outperformed the S&P 500 by 3.7 percentage points, Goldman said. Under Armour, Etsy, Twilio, Westlake Chemical and GoDaddy are among the names on that list. Petrochemical manufacturing company Westlake Chemical and web hosting company GoDaddy bo

Senator and presidential hopeful Elizabeth Warren is drafting a bill that would ban “mega mergers” between the nation’s largest companies as well as try to improve the bargaining power of short-term and temporary workers. It would also grant gig workers the power to unionize, a potential landmark change for rail-hailing companies like Uber Technologies and Lyft, the person told CNBC. Under existing regulation, the federal government’s antitrust policies assess mergers based on their potential to

An Aramco oil tank is seen at the Production facility at Saudi Aramco’s Shaybah oilfield in the Empty Quarter, Saudi Arabia. DUBAI — Saudi Arabian Oil Company, or Saudi Aramco, has priced its shares at the top of its indicative range for its initial public offering (IPO), Reuters reported Thursday citing three sources familiar with the decision. The shares have been priced at 32 riyals ($8.53), with a formal announcement expected later on Thursday, according to the news agency. That 1% is equiva

Oil moved higher on Thursday on reports that OPEC would announce a larger-than-expected cut at its biannual meeting, which kicked off Thursday in Vienna. Ahead of the meeting, analysts had widely expected a 400,000 barrel production cut. Production cuts were first implemented in January of 2017 in an attempt to bolster prices as the U.S. kicked up its shale oil production, among other things. As the meeting kicked off reports conflicted over who proposed the cuts. WTI briefly sold off after CNBC

The growing influx of beer brands into the seltzer space might suggest that adult beverage makers might be worried about hard seltzer eclipsing the popularity of beer. Truly features one gram of sugar, verus two grams for White Claw and zero for Bon & Viv. “Many hard seltzers are low-carb, low-sugar — and they’re doing a really fantastic job at communicating that to consumers,” says Nielsen’s Kosmal. Hard seltzers can also provide a gluten-free alternative to traditional beers brewed with barley

Robot intensity refers to the number of industrial robots per 1,000 human workers. The higher the number, the more robots there are in the workplace alongside humans. Areas with the highest robot intensity are home to some of the of the biggest manufacturing industries in the country. Nationwide, there are about 0.34 robots per every 1,000 human workers. These are the major cities and metro areas that have the highest concentration of robots compared to human workers in the workplace.

The rise of White Claw2019 was the unofficial summer of Hard Seltzer … and none made a bigger splash than White Claw. Sales of white claw were up 250% since it was introduced in 2016. Now White Claw is the #1 hard seltzer brand fronting a $1 billion industry. But White Claw is just one of many brands enjoying the recent growth in demand for hard seltzer. What does the added competition mean for White Claw?

Holiday gift giving (and spending) can be one of the most exasperating shopping experiences. It’s important for people to remember that gift giving really is really dependent on your personal budget. Post: When it comes to gift giving in the workplace, we tend to not go up the ladder, but instead down the ladder. First and foremost, I would say don’t donate to a charity in someone else’s name without checking with them first. Even with gift cards, sometimes you need to know your audience prefere