Google’s AI subsidiary DeepMind has come under fire again for its partnership with the UK’s National Health Service (NHS). According to a leaked letter from the government’s top data advisor, the company’s deal to train a new medical app using health data from 1.6 million NHS patients was conducted on an “inappropriate legal basis.” The issue being debated is whether or not DeepMind had legal authority to handle the personally identifiable medical records of 1.6 million UK patients without askin

This time, it’s teen clothing company Rue21, which filed for Chapter 11 bankruptcy protection Monday in a Pennsylvania court. “The restructuring is an important step forward in rue21’s ongoing business transformation into a more focused and highly performing retailer,” the company added in a statement. Rue21 also warned that it could evaluate additional store closures now, in addition to the already-planned 400 closures that began in April. In April, for example, discount shoe retailer Payless S

Home Depot comp sales will continue to beat throughout the year: Analyst 4 Hours Ago | 02:15Home Depot just showed Wall Street how it can buck the latest negative trends in retail, with both profit and same-store sales handily outpacing Wall Street estimates. Here’s what the company reported vs. what the Street was expecting:Earnings per share: $1.67 vs. forecast of $1.62, according to Thomson Reuters consensus estimates. Revenue: $23.89 billion vs. estimate of $23.74 billion, Thomson Reuters sa

TJX Cos., the owner of off-price chains T.J. Maxx and Marshalls, on Tuesday posted its slowest comparable-store sales growth in more than 10 quarters, adding to the gloom in the retailindustry. Shares of the company skidded more than 5 percent to $72.99 before the bell. TJX’s 1 percent rise in comparable-store sales in the first quarter ended April 29 missed the 1.5 percent rise estimated by analysts polled by research firm Consensus Metrix. The company reported a 3.2 percent rise in sales to $7

If both stones are bought by the same buyer, and each stone fetches a price within its estimated range, the diamonds would become the most expensive earrings ever sold at auction, topping the $17.6 million price of the Miroir de l’Amour earrings sold by Christie’s last year. This spring the auction house broke the world record for the most expensive diamond ever sold at auction with the $71.2 million sale of the “Pink Star” diamond. “In the last five to 10 years, the price seems to be escalating

Such exports could be at risk, should the nuclear agreement – officially known as the Joint Comprehensive Plan of Action (JCPOA) – be weakened or abandoned under the next president. However, their commitment in practice cannot be assured, asserts Helima Croft, global head of commodity strategy at RBC Capital Markets. The brinksmanship and its capacity to destabilize the sanctions waiver, depending upon the relationship between Trump and his Iranian counterpart after the elections, has oil trader

It was the president’s interview with the Economist magazine during which he sums up “Trumponomics” as having to do with national “self-respect” and the pursuit of fair trade. The president’s protectionist bent is hardly news, but the priority it commands in an interview containing scarce detail on tax reform should unnerve investors. Not a sterling example of the supply-side tax reform markets are banking on. When it comes to the politics of tax, Trump displays cautious optimism that his plan w

In the interview, the 35-year-old stressed how hard he worked when he was young. Gurner told the Australian television version of 60 minutes that the problem lay with reality TV stars who give millennials unrealistic expectations. “This generation is watching the Kardashians and thinking that’s normal – thinking owning a Bentley is normal. “I have seen young people order smashed avocado with crumbled feta on five-grain toasted bread at $22 a pop and more. U.S. congressman Jason Chaffetz also rai

Construction of new homes fell for a second straight month in April, pushing activity to the lowest point in five months. The Commerce Department says housing starts fell 2.6 percent in April to a seasonally adjusted annual rate of 1.17 million units. That followed a 6.6 per cent decline in March and left home building at its lowest point since last November. The weakness was led by a big drop in construction of apartments, a volatile sector.

Too bad it’s so closely followed by something else: your first student loan bill. Seven in 10 seniors graduate with debt, owing about $30,100 per borrower, according to the most recent data from the Institute for College Access & Success. For this year’s graduates, including those who don’t have a job yet, the repayment process is about to begin. Employed or not, starting out with such a hefty debt load is overwhelming. Many grads said they don’t even know what they owe on their student loans, w

The quantitative criteria were ranked by their ability to disrupt established industries and public companies. This year the council found that scalability and user growth were the most important criteria, and these categories received the highest weighting. This reflects the growth of entrepreneurial ecosystems emerging in all parts of the world. Not surprisingly, more than a dozen companies on this year’s list are IPO candidates. Bloom Energy, the fuel-cell maker, filed with the SEC for a prop

In honor of graduation season, CNBC Make It is rolling out the speeches and pieces of advice that America’s leaders are most excited to share with the Class of 2017. Comedian icon Will Ferrell started his career broke, surviving on spaghetti with mustard and hustling to get stand-up gigs. It took years for his career to gain momentum, and even after he started getting traction, there were discouraging setbacks on the way to success. In a commencement address delivered to his alma mater, the Univ

A daily morning look at the financial stories you need to know to start the day. STOCKS/ECONOMY-Stock futures are higher after Monday’s record high closes for the S&P 500 and NASDAQ. We get housing starts and industrial production numbers later this morning. -In a good sign for the overall economy, Home Depot just reported better than expected sales, revenues and profits. MOVING AMERICA-Ford is reportedly cutting 10 percent of its global workforce.

Housing starts dataMonthly U.S. homebuilding data is due out before the bell Tuesday. “During the last recession, housing starts completely collapsed, especially for new home sales. It’s a general rule that the greater the housing starts, the further away the recession,” Elfenbein said Monday on CNBC’s “Trading Nation.” Home Depot quarterly earningsHome Depot reported its fiscal first-quarter earnings Tuesday before the opening bell. The office products and services retailer reported fiscal firs

Tesla’s most prominent bull on Wall Street may have downgraded the stock, but the charts are pointing to a record run ahead for the nation’s most valuable automaker. Tesla shares fell by about 3 percent Monday after a downgrade to equal weight by Morgan Stanley analyst Adam Jonas. But that’s not stopping Rich Ross of Evercore ISI or Eddy Elfenbein, editor of the Crossing Wall Street blog, from making a case that the stock is heading higher. “Admittedly, this is one of the most divisive stocks on

The company added a few other creative tools Tuesday, including a “rewind” mode that plays videos in reverse. The app will also add hashtag stickers and a new eraser brush. With the eraser brush users can erase things they’ve drawn and replace it with something else, or play around with color. Facebook, the parent company of Instagram, has been criticized for copying a number of Snapchat’s features, though the company recently surpassed Snap in total users.

When the couple divorced a few years later, Sall found himself in debt again. Because he wanted to keep the house, he owed his ex $21,000, plus the $60,000 left on the mortgage. He became debt-free just shy of his 30th birthday. His ability to pay off his debt wasn’t made possible by a high-profile job or a windfall. In addition to working full-time as a financial analyst, Sall also honed his personal finance knowledge with the help of a few useful books.

American industry expanded production last month at the fastest pace in more than three years as manufacturers and mines recovered from a March downturn. The Federal Reserve said Tuesday that U.S. industrial production at factories, mines and utilities shot up 1 percent in April from March, biggest gain since February 2014. Factory production rose 1 percent after declining 0.4 percent in March. Mine production increased 1.2 percent after falling 0.4 percent in March. And utility output rose 0.7

Etsy shares are surging Tuesday after two private equity firms disclosed ownership in the online crafts site, requesting it consider strategic alternatives. In separate filings with the Securities and Exchange Commission Monday evening, TPG Group Holdings reported a 4.3 percent stake in Etsy, while Dragoneer Investment Group said it now has 3.7 percent ownership. Both firms are saying they’ve asked Etsy “to engage in discussions regarding strategic alternatives.” Etsy CEO Josh Silverman wrote: ”

Technology is one area where Lyft has an edge over Uber, in part because of the type of patents both companies claim. Lyft has a relatively small number of patents, but they’re superior, according to a CNBC analysis conducted by MCAM International. “Uber has many more patents than Lyft, but they are, in my opinion, more protectionary than visionary,” says Dex Wheeler of MCAM International. The not-so-long-term goal for Uber and Lyft is to build a network of vehicles that operates without drivers