Oil prices struck a new 2017 low on Thursday as mixed U.S. stockpile data compounded bearishness that has permeated the energy complex in recent weeks. U.S. West Texas Intermediate 3-day performanceThe move lower came after the U.S. Energy Information Administration reported a much smaller-than-expected drop in crude oil inventories and another week of soft gasoline demand. John Kilduff, founding partner at energy hedge fund Again Capital, said there was no one headline moving oil on Thursday. O

House Republicans are rushing to vote on the latest version of their health-care bill Thursday and get past an embarrassing setback on their first major legislative item of the Trump era. The GOP thinks it has enough support to pass the American Health Care Act, an amended version of the proposal that failed dramatically in March in the face of opposition from the party’s conservative and moderate wings. The latest in a series of tweaks has House Republicans confident about its passage, even if

The Republican bill to repeal and replace Obamacare does not allocate nearly enough money to protect people with pre-existing health conditions from potentially higher insurance premiums, an analysis finds. That’s only 5 percent of the 2.2 million current enrollees in the individual insurance market with some type of pre-existing chronic condition. To offset some of the cost of those higher charges, the bill also sets aside funding to subsidize coverage for people with pre-existing conditions th

That’s a sign that things are beginning to stabilize,” said Peter Cardillo, chief market economist at First Standard Financial. Wall Street also set its sights on Washington, as the House of Representatives voting on a controversial health care bill that would repeal and replace key components of Obamacare. The health care sector was among the best performers on Thursday, rising 0.5 percent ahead of the vote. That’s why you’re not seeing much of a reaction in health care stocks,” said Lindsey Be

A daily morning look at the financial stories you need to know to start the day. STOCKS/ECONOMY-Stock futures are higher after Wednesday’s mostly flat close. We get weekly jobless claims numbers and trade deficit data later this morning. OBAMACARE REPLACEMENT-The House GOP leadership now believes it has the votes to pass its Obamacare replacement bill and the vote is scheduled to take place today. APPLE MOVE-Apple CEO Tim Cook announced on CNBC last night that the company is starting a $1 billio

According to Juliet Jordan, the director of the American Academy of Pet Grooming, a grooming school, the job is flexible and portable. Mackensie Murphy, a nationally ranked competitive pet groomer, learned the art from her mother, Jodi Murphy, another top-ranked groomer. Ms. DeFilippo, a pet groomer from Massachusetts, got into the industry as a “fluke” after a career as a surgical dental assistant. She was looking for something new to do, and ended up buying a friend’s grooming salon after a ye

The quiet swath of rolling hills and horse farms President Donald Trump is expected to use as a weekend summertime retreat is a world apart from his more notable haunts in Palm Beach and New York City. For about 20 years before her death in 1994, Jacqueline Kennedy Onassis spent weekends a short gallop away in Bernardsville. A weekend trip by President-elect Trump in November cost nearly $4,000 in police overtime, Parker said. New York has spent close to $30 million, and Palm Beach County has sp

A House panel has approved legislation that would undo much of the Dodd-Frank law enacted after the 2008 economic meltdown. The bill cleared the Republican-led House Financial Services Committee by a vote of 34-26. Republicans are arguing that the law passed under President Barack Obama is slowing economic growth because of the cost of compliance and by curbing lending. Democrats warn the GOP bill will create the same conditions that led to the financial crisis and pushed the economy to the brin

The House debated the bill to replace the Affordable Care Act on Thursday ahead of what could be a tight vote on the divisive plan. After a series of last-minute amendments to appease both moderate and conservative Republican lawmakers, the GOP believes it has the support to pass the proposal. It would then go to a much more skeptical Senate, where Republicans hold a narrower majority. Democrats have slammed Republicans for pushing for a vote without an assessment of its costs from the nonpartis

Bryan Kravitz has seen his career come full circle. He began repairing typewriters in the 1970s and continued his work until computers came on the scene. And now Kravitz, at age 67, is back in the business of fixing them with his new company, Philly Typewriter. “I’m in really good health, I feel really good and I get up every day — what can I do, go to the golf course? Kravitz says some writers prefer the sound and syncopation of typewriters when working, and he sees children come in the shop wi

Religious leaders prayed in the garden just before the executive order was signed. While the executive order signals a promise kept, the amendment would require Congressional action to repeal it fully. Thursday’s executive order, called “Promoting Free Speech and Religious Liberty,” also gives relief to companies that object to an Obamacare mandate for contraception in health care. While an earlier draft of the religious liberty order would have let federal contractors discriminate against LGBT

Jason Myers, a touring musician and senior account executive at the Content Factory, was jumping from job to job before he joined the Pittsburgh firm in 2010. The work-life culture of the company that enables employees to work remotely — even from exotic destinations. “As with all employees [at the Content Factory], I was able and encouraged to do my job remotely, so long as I was getting results for the clients,” said Myers. “I’d be lying if I said that evaluating financial sustainability came

Shares of General Mills briefly surged more than 7 percent Thursday on speculation the maker of Cheerios cereal could become the next target of private equity firm 3G Capital. Sources told CNBC that General Mills had not struck a deal to be acquired by either 3G or Kraft Heinz. In afternoon trading, General Mills was up 91 cents, or 1.6 percent, to $56.96. The stock spiked above $60 earlier in the session before falling after the CNBC report. General Mills stock is down 7 percent so far this yea

Iceland has seen consistent, strong growth in its tourism industry, which has turbo-charged the economy and offset poor performance in other sectors, analysts say. Many of those tourists first glimpsed Iceland’s scenery as backdrops in the fantasy series, the eighth series of which is expected in 2018. Portugal, Margeirsson says, has a population of about 10 million and receives about 40 million arrivals through its airport in Lisbon a year. Game of Thrones films in locations including Lake Mýva

Worrying about debt can make you sick , while being in debt could result in collector harassment. To get your debt paid down, take a careful look at ways to put more money toward debt repayment. You can also ask who owns the debt and how they obtained the right to collect it,” Magnify Money advised. To settle debt , communicate in writing — find sample letters and agreements online — and be prepared for back-and-forth negotiation. Known as wage garnishment, this is when part of your paycheck is

Technology stocks could see a 15 percent correction in a few months, one fund manager told CNBC on Thursday, adding that he is selling shares of Apple, Alphabet, and Microsoft because they are “fully priced”. “I feel sad, but I’m selling all my big cap tech companies. For years and years, I’ve been coming on talking about Apple’s cheap, Alphabet’s cheap, Microsoft’s cheap, and they’re above market multiples now. We have been reducing them into the rally for the past few weeks and they are gettin

Despite worries about ad growth, Facebook is moving in the right direction, Aegis Capital internet analyst Victor Anthony told CNBC on Thursday. “Fifty percent advertising revenue growth. The company earned $7.86 billion in advertising revenue in the quarter, above the $7.68 billion expected by a StreetAccount estimate. Wall Street analysts expect Facebook’s full-year revenue growth to slow next year. Facebook also reported last month that Instagram Stories now has 200 million daily active users

By 2020 the global market for 3-D printing technology is expected to reach $9.6 billion, according to Global Industry Analysts. A report from SmarTech Markets published last September said that the automotive market for 3-D printing is already worth $600 million. Volkswagen and Ford, for instance, both use 3-D printing for prototyping to decrease design time. Ford, in fact, has been creating prototypes using 3-D printing for almost two decades. But how soon 3-D-printed parts make their way into

Shipt, a grocery delivery start-up, is expanding its partnership with Costco and plans to double its overall market size this year. It doesn’t appear to include FreshDirect, an online grocery delivery service known in the New York market. However, the analyst pointed out that the online grocery category still is “underpenetrated at just 1 to 2 percent share of total grocery spending.” Wells Fargo’s research concluded that “consumers appear more resistant” to online grocery services than investor

President Donald Trump should give Apple’s Tim Cook a call after the CEO announced the company would start a $1 billion fund to promote advanced manufacturing jobs in the U.S., CNBC’s Jim Cramer said Thursday. Cook announced the fund in an exclusive interview Wednesday with Cramer on CNBC’s “Mad Money.” Cook said Apple will announce the first investment later this month. Trump has vowed to bring millions of jobs back to the country, and has pressured several American companies to hire U.S. worke