Electric scooter start-up Lime has raised a ton of money since launching in 2017 as part of a massive land grab in the fast-growing market. But the company says that, by one important measure, it expects to become profitable as soon as next year. Lime is aiming to be “EBIT positive” by 2020 as it looks to build a more sustainable business, a company spokesperson told CNBC. The Wall Street Journal first reported on Lime’s plans on Tuesday as part of a broader focus on profitability in Silicon Val

President Donald Trump’s reelection campaign condemned Google’s recent changes to its political advertising policy Tuesday, this time joined by several Republican election committees. They’re targeting Trump because he’s the big dog, but they’re also after Dems like Sanders & Warren.” Tuesday’s statement shows the Trump campaign is backed by the rest of the GOP election apparatus in its condemnation of Google’s changes. But Democratic campaign strategists have similarly claimed that Google’s pol

“Historically, [department stores] were the ones around that had the biggest voices in the ’70s and ’80s,” said Sucharita Kodali, retail analyst at Forrester Research, in an interview. Department stores have relied on winning shoppers’ dollars on Black Friday more than other types of retailers, she said. “Holiday shopping now occupies much of November and has warmups much earlier in the year, as holiday shopping increasingly becomes a year-round activity.” Still, retailers, and department stores

She said tools such as quantitative easing showed limits that yield caps might not. The Federal Reserve should consider capping the level of interest rates the next time it is confronted with future economic downturns, Fed Governor Lael Brainard said Tuesday. The yield cap idea is not new for the Fed; officials discussed the option at their October meeting, and literature on yield caps goes back to at least 2010. During the financial crisis, the Fed took its benchmark rate to near-zero and insti

Andrew Harrer | Bloomberg | Getty ImagesPresident Donald Trump won a temporary victory at the Supreme Court this week, when a majority of the justices voted to temporarily halt a subpoena issued by Congress for his financial records. Trump has bucked recent precedent by refusing to voluntarily disclose his financial records. Court weighs a separate decisionThe court is already weighing whether it will review a separate decision over the president’s financial records issued by a federal appeals c

CNBC’s Jim Cramer, often a critic of Tesla stock, said Tuesday he’s in the market for a Tesla Model X sport utility vehicle because his wife, Lisa, really wants one. “She wants an X. Over the years, Cramer has been outspoken about Tesla CEO Elon Musk’s missteps, calling Musk a modern day “P.T. Cramer tries to avoid bashing or recommending the stock because of the blowback from Tesla adherents and Tesla haters on Twitter. On Monday morning, Cramer first talked about riding in a Tesla, and said wi

UPS CEO David Abney on the shipping company’s holiday outlookUPS CEO David Abney, joins “Squawk Alley” to discuss how the company is prepared for the influx of packages for the holiday season.

Former Office Depot CEO predicts this holiday season to be strongSteve Odland, and former Office Depot CEO, joins CNBC’s “The Exchange” team to disucss the consumer confidence index and what it indicates about the holiday season.

The bullish chorus on stocks is getting louder heading into Thanksgiving as the market looks to regain its winning ways around the holiday. But the Dow has suffered losses for the past two straight years in the trading days surrounding Thanksgiving. The S&P 500 is up 25% in 2019, on track for its biggest one-year gain since 2013. Historically, the S&P 500 has carried over its momentum into the following year after an annual gain of at least 25%. The worst two-day performance goes to 2011, when t

Dollar Tree — Shares of the discount retailer tanked 15% after lowering its fourth quarter guidance, blaming tariffs for 6 cents off of its next quarter earnings per share. Dollar Tree also missed on its earnings for the third quarter, reporting $1.08 per share, while analysts estimated $1.13 per share. Dick’s Sporting Goods — Shares of the retailer soared 20% after the company beat top and bottom line estimates for its third quarter earnings. Abercrombie and Fitch — Shares of the retailer dropp

The U.S. Army is still reviewing whether the popular social-networking app TikTok, which it has used for recruitment, poses a data security or intelligence risk because of its Chinese ties. “We’ve begun a review with Army Cyber Command on the potential vulnerabilities associated with that app,” McCarthy said. He said he expects to receive a brief on any vulnerabilities associated with TikTok “right around the Christmas holiday.” TikTok CEO Alex Zhu told The New York Times in November that if ask

Ola cab drivers talk with each other as they wait for passengers by a roadside in Amritsar. Indian ride-sharing firm Ola says it has started registering drivers in London as it prepares to launch in the U.K. capital. The company, which is backed by Uber investor SoftBank, said it would look to launch its services in the city “in the coming weeks.” The announcement comes just a day after Uber was stripped of its London license by the local transport regulator. Ola received its own permit to opera

Google announced its intentions to acquire Fitbit on Nov. 1 for about $2.1 billion in cash, or $7.35 per share. Facebook views the sale process as complete and doesn’t plan to bid again now that Google has agreed to the purchase, one of the people said. According to the filing, Fitbit CEO James Park had dinner with “the chief executive officer of Party A” on June 11, 2019, to discuss the wearables technology landscape. Park and other members of Fitbit’s senior management had dinner with Zuckerbe

That pain, Abrams says, is something she wants everyone to recognize whenever they experience a career setback or failure. “I still feel pain,” the 45-year-old politician told a crowd at The Riveter Summit earlier this month regarding her loss. When Abrams was 18, the pain from a failed relationship helped her learn to process the meaning behind her emotions. Now, years after starting that spreadsheet, Abrams is channeling the pain from her 2018 election loss into another goal: combating voter s

There’s a strong demand for advanced tech skills in the workforce, and that demand won’t be slowing down any time soon. That’s according to Udemy’s 2020 Workplace Learning Trends Report, which indicates workers across some of the largest industries are heavily focused on learning data science and technology skills. The online learning platform analyzed user data to determine what classes are the most popular among engineering, marketing, sales and financial teams that use its workplace learning

You’ve probably heard this common financial tip before: If you want to save money, stop buying coffee out and make it at home instead. Below, four financial experts weigh in on whether it’s worth it to stress about small expenses like your daily latte. Sallie Krawcheck: ‘There are layers of things that are wrong with this'”There’s this terrible advice that goes around: ‘Don’t buy the latte. Even with a 7% rate of return, you’d still have around $250,000. Suze Orman”You need to think about it as:

Today Beverly is the Toastmasters’ 2019 World Champion of Public Speaking. Identify your fearThough many people say they are scared of public speaking, Beverly believes most people are just scared of a particular aspect. “That fear stayed with me and once I identified what that specific fear was, I was able to confront it,” Beverly says. In fact, before his first Toastmasters speech in 2009, he pulled an all-nighter. Beverly says that doing public speaking again and again also helped to melt awa

Tennis legend Roger Federer is used to partnering with some of the biggest brands in sports. But a recent deal the 20-time Grand Slam tennis champ made speaks to an off-the-court passion: sneakers. During an event for his new deal with Swiss shoemaker On, Federer talked about how important it is for young people to have an obsession. “You don’t have to have 250 pairs of sneakers,” Federer tells CNBC Make It. “But I think obsession can definitely lead to some good things sometimes because you rea

First lady Melania Trump was greeted with resounding boos at an opioid awareness event in Baltimore on Tuesday, even as her husband, President Donald Trump, donated his salary for the third quarter of the year to combat the opioid crisis. Melania Trump was loudly booed as she was introduced at the B’More Youth Summit on Opioid Awareness at the University of Maryland, Baltimore County. The first lady’s Be Best public awareness initiative is focused on promoting well-being and online safety for ch

Amazon CEO Jeff Bezos, worth about $111 billion, dropped $65 million on a Gulfstream G-650ER private jet and spends millions on real estate and other expensive toys. And Spanx founder Sara Blakely, worth $1 billion, comfortably paid $162,000 for Newton-John’s finale outfit from the movie “Grease.” “Casa Dragones, a.k.a. Casa Dragones has a blend made for mixing called Blanco, which is sold for $75, and a blend for sipping called Joven, which is sold for $285. “I’ve sampled tequilas all over the