Google said its Chrome browser will stop showing ads on sites that have “disruptive” video ads later this year based on a new set of standards released by the Coalition for Better Ads. The coalition’s “Better Ads Standards” define ad experiences that would not be acceptable for consumers and would be most likely to drive consumers to install ad blockers. The group’s board members include Google itself, and other companies including Facebook, Microsoft and Unilever. About two years ago, Google be

Walking through its turnaround plans with investors, the department store chain said Wednesday that it is on track for its private brands to make up 25% of sales by 2025. And Macy’s said it will grow four of its “best” in-house brands — International Concepts, Alfani, Style & Co., and Charter Club — to be worth $1 billion each. “We’re already well on our way,” Patti Ongman, Macy’s chief merchandising officer, told investors at the New York Stock Exchange. “Private brands are already among our hi

“The consumer increasingly cares about sustainability,” Nike CEO John Donahoe told CNBC’s Sara Eisen on Wednesday, marking his first television interview since taking the helm at the retailer last month. Donahoe, who was already a Nike board member, succeeded Mark Parker. As CEO, Donahoe is expected to focus and build on Nike’s digital investments, such as its mobile apps, given his background in the tech industry. “Climate change is impacting sport,” Donahoe said, adding that the Olympics this

Tesla shares are in reverse. After gaining 36% in two days, shares of the automaker fell back 15% on Wednesday. Here’s what four experts are watching. Matthew Patsky, CEO of Trillium Asset Management, says he is concerned over Tesla’s valuation. Alan Patricof, founder and managing director at Greycroft LLC, says Tesla’s popularity is in relation to consumers’ familiarity with the company.

While investors may not be able to make up their minds about Tesla, with its stock whipsawing in recent days, the electric carmaker has a strong base of fans within the NFL. Speaking at a media day, multiple players for the Super Bowl champion Kansas City Chiefs told CNBC that Teslas are the NFL’s hottest new ride. Rookie Jody Fortson, a wide receiver for the Chiefs, owns a Tesla and is a big fan. Even for NFL players, Elon Musk’s electric vehicles can be costly. Backup quarterback Chad Henne bo

A view of the Casper mattresses during Casper’s LA celebration at Blind Dragon on July 9, 2015 in West Hollywood, California. Investors push back against money-losing companiesOn one level, Casper represents a push-back against companies that are losing money and do not have any imminent path to profitability. “This is reflecting the attitude toward money-losing companies, not specifically to IPOs,” Jay Ritter, a professor from the University of Florida and an IPO expert, said on CNBC. “These co

Epic Systems CEO Judy Faulkner recently urged some of the largest health systems in the country to sign a letter opposing proposed rules designed to make it easier for patients to obtain their medical information and share it with apps. Epic’s CEO Judy Faulkner previously urged health care executives to take a stand with her: “HHS needs to hear from you so they understand that you feel these issues are important,” it says. “Our ultimate goal is to ensure that patients are able to easily access t

Kirk Douglas, known as one of the most beloved tough guys in Hollywood history on screen and a defender of blacklisted artists off screen, died Wednesday at age 103. The actor’s son, Michael Douglas, announced his death on behalf of the Douglas family Wednesday in an Instagram post. Douglas was also a committed philanthropist and the father of an iconic actor in his own right, Michael Douglas. “I’ve known Kirk Douglas personally and appreciate his friendship,” President Jimmy Carter said while a

Peloton shares plummeted as much as 12% in extended trading Wednesday after the fitness company reported mounting losses and slower revenue growth. Although the revenue growth topped predictions, it was a slower pace than in the prior quarter, when revenue more than doubled year over year. Peloton also reported strong growth of its connected fitness subscribers, defined as a Peloton user with a paid subscription. However, average net monthly churn, which Peloton uses to measure retention of conn

Ancestry, the largest seller of at-home DNA tests for health and genealogy reports, is laying off about 100 people, approximately 6% of its total workforce. Ancestry confirmed the layoffs and shared a copy of a blog post written by CEO and President Margo Georgiadis that will publish on Wednesday. The post cites “a slowdown in demand across the entire DNA category” now that “most early adopters have entered the category.” In the post, the company stressed that it is making a long-term commitment

Tesla CEO Elon Musk personally thinks the company’s Cybertruck is Tesla’s “best product ever,” but he wasn’t sure many other people would like its futuristic design. “I wasn’t sure if nobody would buy it or if a lot of people would buy it,” Musk said of the truck’s November debut on a recent Third Row Tesla podcast. “A lot of reasons why people buy pickup trucks in the U.S. is because it’s the most bad-ass truck. But according to Musk, the broken window didn’t impact the number of Cybertruck pre

President Trump has been acquitted by SenateThe Senate voted 52-48 to acquit the second article of impeachment on obstruction. CNBC’s Ylan Mui reports.

The company reported earnings of $1.05 per share on revenue of $1.22 billion while analysts expected earnings of $1.14 per share on revenue of $1.23 billion, according to Refinitiv. Zynga reported revenue of $433 million while analysts expected $419 million, according to Refinitiv. Earnings came in at $0.00 per share, while analysts expected 6 cents per share. Fox reported earnings of 10 cents per share excluding certain items on revenue of $3.78 billion. Analysts expected a loss of 2 cents per

Mario Tama | Getty ImagesU.S. travel restrictions implemented in recent days to keep a fast-moving virus that has crippled much of China from spreading across America won’t work, a top epidemiologist told U.S. lawmakers Wednesday. Other witnesses included Jennifer Bouey, senior policy researcher at the Rand Corporation, and Ron Klain, former White House Ebola response coordinator. Rep. Ami Bera, D-Calif., chairman of the House Foreign Affairs Subcommittee on Asia, the Pacific, and Nonproliferati

Samurai Messenger Service prepares to deliver a packaged mattress from the bed delivery company Casper in New York. Casper on Wednesday evening priced its initial public offering at $12 per share. The online mattress retailer had cut its price range from $17 to $19 a share, to $12 to $13 a share, according to a Wednesday regulatory filing. The New York-based company’s investors include retailer Target, actor Leonardo DiCaprio and investment firms Lerer Hippeau Ventures, IVP and NEA. The mattress

eBay in January discontinued its shuttle service, which transported employees from around the San Francisco Bay Area to its offices. The service wasn’t being used by enough employees to justify the cost, according to a person close to the company. The majority of eBay’s shuttle service operated between San Francisco (the North Bay) and San Jose (the South Bay), where the company already has two offices respectively, this person said. Silicon Valley tech companies including Facebook, Google and A

The technical committee, which consists of country representatives from OPEC and Russia, extended its two days of meetings into Thursday, in an effort to find a consensus. She said it was unclear, as of Wednesday evening, whether OPEC and Russia would agree to hold a ministers meeting. OPEC and its non OPEC partners, including Russia, are currently holding back 1.8 million barrels a day, with Saudi Arabia reducing its output the most. Platts Analytics worst-case scenario shows a drop of 2.6 mill

Bernie Madoff, the notorious Ponzi schemer, says that he is dying from kidney disease, and is seeking an early release from prison on compassionate grounds so that he can die at home. Madoff, 81, currently is serving a 150-year prison sentence in a North Carolina federal facility for orchestrating the largest Ponzi scheme in history, to which he pleaded guilty in 2009. Madoff, while running Bernard L. Madoff Investment Securities in New York City, swindled thousands of investors out of billions

WASHINGTON – The Senate on Wednesday voted to acquit President Donald Trump of both counts in his impeachment trial. Forty-eight senators, including one Republican, found Trump guilty of abuse of power, while 52, all Republicans, voted to acquit him. Two Republicans voted with Democrats to admit additional evidence, Romney and Maine Sen. Susan Collins, but the measure was defeated. Following the vote, the seven Democratic House impeachment managers defended their case in an op-ed for The Washing