Kudzi Chikumbu: Gen Z’ers are creative storytellersKudzi Chikumbu, Director of Creator Community at TikTok, discusses the viral social media app on CNBC’s “Closing Bell.”

Daniel Acker | Bloomberg | Getty ImagesHere are the most important things to know about Wednesday before you hit the door. Economic dataWe’ll get a bunch of economic data on Wednesday including durable goods and pending home sales. Pending home sales are released at 10:00 a.m. on Wednesday and economists are expecting home sales to slow from September’s growth of 1.5%. Economists are expecting a 0.2% increase in pending home sales for the month of October, according to FactSet. Fed’s Beige BookT

Shares of Box spiked more than 6% after the cloud computing company reported a third-quarter revenue beat and matched EPS loss expectations. Revenue came in at $177.2 million, while Wall Street expected $174.6 million, according to analysts polled by Refinitiv. The PC giant earned $1.75 per share excluding certain items, exceeding the earnings of $1.62 per share analysts expected. VMWare, which Dell has a major stake in, earned $1.49 per share excluding certain items and reported revenue of $2.4

Revised data released Monday by Mexico’s National Institute of Statistics and Geography showed the country’s economy contracted by about 0.1% for three straight quarters before flat lining in the third trimester of 2019. The last Mexican economic recession that was not accompanied by a U.S. slowdown took place in the 1990s during the so-called Tequila Crisis, Capistran points out. Those events increased the risk premium on Mexican assets, including the peso and weighed on the country’s economy.

Excluding certain items, 60 cents per share, vs. 58 cents per share as expected by analysts, according to Refinitiv. Xerox was prepared to offer $22 per share to HP shareholders for a transaction that would have been worth $33.5 billion. (On Nov. 5, prior to a Wall Street Journal report that Xerox was thinking about offering to buy HP, HP shares ended trading at $18.40 per share.) With respect to guidance, HP is forecasting 53 cents to 56 cents in earnings per share, excluding certain items, for

Paying off thousands of dollars in student loan debt is no easy task. Nelson, 31, paid off $35,000 in student loan debt, including interest, within 2.5 years, starting in Nov. 2011 and ending in April 2014. “I ended up doing what a lot of other college students do, which is take out more money … more loans,” Nelson says. Then, she mapped out a repayment plan for the rest of her student loans and started “tackling them one by one.” And now that she’s eliminated her student loan debt, she doesn’

Pavel Golovkin | Pool via ReutersOPEC and Russia are likely to extend their oil production deal at least through midyear, but if they were to cut more output, as some speculate, it would blindside what has become a complacent market, analysts said. The ministers head into the Dec. 5 and 6 meeting with oil prices near their highest levels in two months. Many other analysts expect the cuts will be extended as well, but some believe OPEC and Russia could cut even more. “It wouldn’t surprise me if t

Facebook on Tuesday announced its acquisition of Beat Games, the studio behind hit virtual-reality game “Beat Saber.” “Beat Games’ accomplishments are already impressive, but Facebook and the Beat Games team know that there is so much more that can be done across VR, games, and music,” said Mike Verdu, Oculus director of content, in a blog post. Beat Games will join the Oculus Studio division of Facebook, but it will operate independently out of Prague, the company said. “Beat Saber” is one of t

TikTok’s logo on a stand at The First International Artificial Products Expo Hangzhou on October 18, 2019 in Hangzhou, Zhejiang Province of China. The Chinese government’s discriminatory treatment of the country’s Muslim Uighur population is well documented. “TikTok does not moderate content due to political sensitivities,” a TikTok spokesperson said in a statement to CNBC. But, in an interview with the Post, Aziz said the reference to bin Laden was a “joke.” And it clearly was, here’s the video

While episodes of old Disney shows can be watched one right after another, all of Disney’s new programming is being doled out in weekly installments, just like traditional cable. As a new streaming service, Disney+ has a bit of catching up to do against rival streaming giants. Not to mention HBO, a premium station with a streaming service option, has 34 million U.S. subscribers and 8 million HBO Now subscribers. HBO’s streaming service is directly tied to its HBO channel, so it releases episodes

The stock market continues to rally, even though the trade war has not been resolved, the yield curve is flattening again, and some opioid makers are facing another criminal probe. CNBC’s Jim Cramer on Tuesday explained why it is happening, starting with the fact retailers haven’t been as hurt by tariffs in the U.S.-China trade dispute as expected. That is representative of the broader environment, Cramer said, in which there are more positives than negatives. “And money managers do not want to

CBD products flooded the market this year after Congress legalized hemp last December. Abernethy leads a working group at the FDA tasked with crafting regulations to bring legal CBD products to market. However, it’s currently illegal for companies to sell CBD-infused food and beverages across state lines and to market any CBD products with health claims the FDA has not evaluated. The FDA said it “has seen only limited data about CBD safety and these data point to real risks that need to be consi

The FAA issued a new statement, saying, “The FAA has not completed its review of the 737 Max aircraft design changes and associated pilot training. With just 35 days left in 2019, the FAA is making it increasingly clear it is unlikely to recertify the Boeing 737 Max this year, a target Boeing has been eyeing for months. Four days after Boeing’s statement, Dickson released an internal letter he sent to the FAA’s associate administrator who oversees the Max certification process. For the 737 Max t

He followed that claim by posting a video of the Cybertruck prototype ostensibly hauling a Ford F-150 uphill. However, Musk and Tesla didn’t say which exact configuration of the Cybertruck, or F-150, they used for the stunt. And some viewers lobbed criticisms of an unfair fight at Musk, after seeing what was apparently an all-wheel-drive Cybertruck pulling a rear-wheel-drive Ford F-150 in the Tesla video. A Ford spokesperson told CNBC that Madra’s tweet was “tongue-in-cheek to point out the absu

Melanie Whelan is resigning from her position as chief executive officer of SoulCycle, effective Tuesday, the company told CNBC Make It. Whelan joined SoulCycle in 2012 as the chief operating officer and became chief executive officer in 2015. Before SoulCycle, Whelan was the vice president of business development for the gym chain, Equinox. Prior to that, Whelan worked in corporate development at Virgin USA and Starwood Hotels. While at Virgin USA, she was one of the founding members of the air

Trump campaign: Big Tech trying to suppress voter turnoutCNBC’s Eamon Javers reports that the Trump campaign is criticizing Google’s ad policy and Big Tech ahead of the 2020 Elections, saying it’s trying to suppress voter turnout.

The House Oversight Committee filed a lawsuit on Tuesday against Attorney General William Barr and Commerce Secretary Wilbur Ross over the Trump officials’ refusal to turn over documents related to the administration’s decision to add a citizenship question to the 2020 census. “President Trump and his aides are not above the law,” Committee Chairwoman Rep. Carolyn Maloney, D-N.Y., said in a statement. A spokesperson for the Commerce Department said in an email that the lawsuit was “fueled by ove

Judge Richard Berman also is calling for reforms to be carried out in the U.S. prison system in light of Epstein’s death in a Manhattan federal jail, which authorities have ruled was a suicide by hanging. and to carry out appropriate reforms,” wrote Berman, who serves in U.S. District Court in Manhattan. “We all agree that it is unthinkable that any detainee, let alone a high-profile detainee like Mr. Epstein, would die unnoticed at the Metropolitan Correctional Center,” Berman wrote in his lett

An longtime advisor to billionaire Democratic presidential candidate Mike Bloomberg has cut ties with a Ukrainian oligarch who once made a six-figure donation to President Donald Trump’s now-defunct foundation. And did this the moment Mike Bloomberg made clear his intentions to formally announce his candidacy for president,” said Schoen, a veteran consultant and lobbyist who once worked as President Bill Clinton’s pollster. Pinchuk is also on the board of the Yalta European Strategy, or YES, a f

Secretary of State Mike Pompeo played coy when asked at the State Department on Tuesday if he would testify in the House impeachment inquiry into President Donald Trump. A spokeswoman for Pompeo said at the time that Sondland “never told Secretary Pompeo that he believed the President was linking aid to investigations of political opponents.” Pompeo is also rumored to be looking to leave the Trump administration soon and run for a U.S. Senate seat in Kansas. Trump, however, has continued to floa