Credit card start-up Brex is getting its own new line of credit. The San Francisco-based company, last valued at $2.6 billion, secured $200 million in debt from Credit Suisse to grow its business of issuing corporate cards to fellow start-ups, according to chief financial officer Michael Tannenbaum. Having a bigger line of credit could be key for two-year old Brex as it seeks to compete with the likes of American Express. This is Brex’s second line of credit following a $100 million line from Ba

GM President Mark Reuss introduces the 2021 Chevrolet Suburban (left) and Chevrolet Tahoe on Dec. 10, 2019 in Detroit, Michigan. 1 seller of full-size SUVs with its newly redesigned Chevrolet Tahoe and Chevrolet Suburban. General Motors unveiled redesigned versions of the Chevrolet Suburban (pictured) and Chevrolet Tahoe on Dec. 10, 2019 in Detroit. General Motors unveiled redesigned versions of the Chevrolet Suburban and Chevrolet Tahoe on Dec. 10, 2019 in Detroit. Michael Wayland / CNBCProfita

[The stream is slated to start at 10 a.m. Please refresh the page if you do not see a player above at that time.] Justice Department Inspector General Michael Horowitz, who released a report on Monday that investigated the FBI’s probe of possible Russian coordination with President Donald Trump’s 2016 campaign, is set to testify Wednesday before the Senate Judiciary Committee. The inspector general’s 400-page report found no evidence of political bias at the root of the FBI’s Russia investigatio

The combination of the massively successful launch of Disney+ alongside a record $10 billion in global box office sales has made Disney CEO Bob Iger Times businessperson of the year. Iger has been at the helm of Disney since 2005 and has laid the groundwork for this impressive year. “In 2006, he made a $7.4 billion deal to buy Pixar from a guy who hated Disney,” Luscombe wrote. “Then he bought Marvel, a company built on the mercurial fantasies of adolescent males, then Lucasfilm, when the Star W

Employees sort packages at the United Parcel Service (UPS) Chicago Area Consolidation Hub in Hodgkins, Illinois. Here are the biggest calls on Wall Street on Wednesday:Bank of America said it remains bullish on Apple as the company heads into 5G adoption. “We expect Apple shares to benefit from (1) 5G adoption driving consistent 200mn+ iPhone units C20-22, (2) wearables portfolio attractively priced to support adoption ($169 Airpods, $200 Apple Watch), (3) continued strong demand for iPhones, (4

WAYV CEO & founder Keith McCarty (L) wants to make digital payments easier for the marijuana industry. Customers — especially Millennials— don’t like using cash, and cash sitting in a back office isn’t secure. The one-year-old company provides an Amazon-like platform for legal marijuana retailers in California to do online sales and next day delivery. McCarty calls it the first time a marijuana marketplace and logistics platform has been combined with a payment system. “I believe we’ve got rough

Google released its annual analysis of the top trending search terms around the world Wednesday, with the company announcing that, “In 2019, searches for heroes soared.” However, the term that topped the list of trending searches in the U.S. was Disney’s month-old streaming service, Disney+. Google’s analysis is not tied to search volume, but rather depends on how the company defined “trending.” While Disney+ made a splash in the U.S., the streaming service didn’t capture much attention among th

A Silicon Valley start-up called Aeva is inching closer to its goal of making self-driving technology more affordable. Volkswagen Autonomy, a division of Volkswagen that’s tasked with building self-driving modules for the company’s different car brands, is evaluating Aeva’s new product. “Aeva just sticks out with its technology,” Hitzinger said. “I don’t have a problem with other OEMs using Aeva’s technology,” Hitzinger said. WATCH: ARK Invest’s Tasha Keeney on the self-driving car showdown

Google-owned YouTube will no longer allow anyone on its platform to post content that “maliciously insults” others based on protected traits including race, gender expression and sexual orientation, the company announced Wednesday. The change, which was issued as part of YouTube’s regular harassment policy update, comes after the company was forced to publicly address a harassment claim one of its creators lodged against another. Maza’s story sparked a public outcry against YouTube, urging the c

Since then, the company reported the Disney+ service had 10 million signups through smart TVs, mobile devices and desktops after its first day. Now, independent app-tracking company Apptopia reports Disney+ has been downloaded 22 million times to mobile devices since its launch, and the app has averaged 9.5 million daily active mobile users, ranking in the top spot in both Apple and Google’s app stores. Apptopia only measures mobile downloads and usage, and does not include usage on devices like

After developing a competitive crispy chicken sandwich, McDonald’s next hurdle is to find enough chickens to support demand, said Wall Street firm Stephens. While investors were hoping for an early 2020 launch of McDonald’s new crispy chicken sandwich, Stephens forecasts the fast food chain will run into supply issues, delaying the launch. “We believe the high-quality chicken sandwich market is a place MCD wants to become more relevant and anticipate a mid-year national launch,” sad Stephens ana

Tim Cook, CEO of Apple laughs while Lana Del Rey (with iPad) takes a photo during a launch event at the Brooklyn Academy of Music on October 30, 2018 in New York City. Bank of America and Evercore ISI both raised their price targets on Apple shares on Wednesday, with the former expecting strong demand for 5G iPhones beginning next year while the latter firm sees solid holiday demand for Apple’s wearables. Apple shares rose 0.6% in trading from its previous close of $268.48. Bank of America raise

A UPS driver pushes a load of packages from his truck to a building in downtown Los Angeles, California, July 22, 2019. UPS was downgraded on Wednesday by an analyst at BMO Capital Markets who cited concern about the logistics company’s ability to improve its profitability. Analyst Fadi Chamoun lowered his UPS rating to market perform from outperform. He also trimmed his price target on the stock to $123 per share from $125. That represents a 3.7% upside from Tuesday’s close of $118.54.

Employees sort packages at the United Parcel Service (UPS) Chicago Area Consolidation Hub in Hodgkins, Illinois. Here are the biggest calls on Wall Street on Wednesday:Bank of America said it remains bullish on Apple as the company heads into 5G adoption. “We expect Apple shares to benefit from (1) 5G adoption driving consistent 200mn+ iPhone units C20-22, (2) wearables portfolio attractively priced to support adoption ($169 Airpods, $200 Apple Watch), (3) continued strong demand for iPhones, (4

Greta Thunberg, the soft-spoken Swedish teen who became a global conscience for climate change and environmental activism, has been named Time’s Magazine’s Person of the Year for 2019. The magazine announced 16-year old Thunberg as its choice Wednesday exclusively on “TODAY.” Thunberg quickly bloomed into one of the world’s most notable and youngest climate change activistsShe sparked a collective movement to fight climate change after protesting alone outside the Swedish parliament during schoo

Boeing 737 MAX airplanes sit parked at a Boeing facility adjacent to King County International Airport, known as Boeing Field, on May 31, 2019 in Seattle, Washington. Boeing 737 MAX airplanes have been grounded following two fatal crashes in which 346 passengers and crew were killed in October 2018 and March 2019. U.S. aviation regulators won’t likely clear Boeing’s troubled 737 Max airplanes for flight until 2020, Federal Aviation Administration chief Steve Dickson told CNBC on Wednesday. Boein

“Nihilistic forces are dismantling policies to protect our air, water, and climate,” Volcker wrote at the end of “Keeping At It: The Quest for Sound Money and Good Government.” Later, he formulated the Volcker rule banking reform that restricted risk-taking on Wall Street. The president has demanded the central bank lower rates and has called officials there “boneheads” and said Chairman Jerome Powell was “clueless.” “Not since just after the second world war have we seen a president so openly s

U.S. software firm Salesforce is predicted to be the best company to work for in France in 2020, according to rankings by global jobs site Glassdoor. The analysis was based on reviews from companies with more than 1,000 employees, with at least 20 current and former workers rating their employer across eight attributes. In fourth place, German software firm SAP was the only other company not headquartered in France to make the top 10. In fact, in the wider rankings, companies headquartered in Fr

Sitting on cash”On the fixed income side of things, the big mistake of last year was to sit in cash,” says Kathy Jones, Schwab’s chief fixed income strategist. Bonds, such as U.S. Treasurys, are the most common type of fixed income investment. Balances in money market funds hit $353 billion over the past three years, a 55% increase, according to analysis from research firm DataTrek. By comparison, Vanguard’s Prime Money Market Fund has earned 2.13% year-to-date, while the top high-yield savings

“Consolidating can be a great tool for your student loans,” says Tiffany Aliche, personal finance expert and founder of The Budgetnista. But it pays to understand how the process works and which types of student loans benefit the most from refinancing. Private student loans typically work bestThere are fundamental differences between public and private student loan options. “The thing that people don’t realize is that a private student loan is really just a loan. For the 2019-2020 school year, f