The booming business of F1 to be explored in CNBC documentary airing ahead of Las Vegas Grand Prix
Formula One fanatics will get more behind-the-scenes access to the global motorsports series through a new CNBC documentary that explores the business aspects of the highest form of racing in the world.
An unwelcome prank: Volkswagen purposely hoodwinks reporters
Several news organizations, including The Associated Press, USA Today, CNBC and The Washington Post, had reported the original press release as real news, some after being assured specifically that it was no joke. It was a similar story at USA Today, where a reporter specifically asked if it was a joke and was told โno,โ said the newspaper's spokeswoman, Chrissy Terrell. โWe are disheartened that the company would choose this type of disingenuous marketing.โThe USA Today reporter who was initially lied to was more blunt. โAbout that plan to change Volkswagen of America's name.โ wrote USA Today's Mike Snider. AdGlover said the company landed millions of dollars in publicity from a press release.
Jump in hiring fuels optimism for US economic recovery
That is down dramatically from 14.8% last April, just after the virus erupted in the United States. AdAlso hiring last month were retailers, which added 41,000 jobs, health care companies, with 46,000, and manufacturers, with 21,000. But state and local governments have slashed 1.4 million jobs since the pandemic erupted, including 86,000 last month, and most have instituted hiring freezes. The Congressional Budget Office projects the nation will add a substantial 6.2 million jobs this year. Sounding an optimistic note, he said: โThereโs good reason to expect job creation to pick up in the coming months."
Report: MyPillow CEO says Bed Bath & Beyond, Kohlโs will stop selling his companyโs products
MyPillow CEO Mike Lindell said retailers including Bed Bath & Beyond and Kohlโs are removing his companyโs products from their stores, according to a report from CNBC. Lindell has repeated false claims that President Donald Trump did not lose the election, according to the report. โI just got off the phone with Bed Bath & Beyond,โ Lindell said during an interview Monday evening with the Right Side Broadcasting Network, according to CNBC. โTheyโre scared. Like a Bed Bath & Beyond, theyโre scared.
Pelosi and Mnuchin have 'extensive' talks on COVID relief
We still donโt have an agreement," Mnuchin said after meeting with Pelosi and briefing top Senate Republican Mitch McConnell. At the very least, the positive tone set by Pelosi and Mnuchin represented an improvement over earlier statements. That's well above what many Senate Republicans want but would probably be acceptable to GOP pragmatists and senators in difficult races. The โtop line" limit upon which Pelosi, the Trump administration and Senate Republicans might be able to agree has been a subject of considerable speculation. Pelosi and Mnuchin have ramped up talks in recent days but remain far apart.
Nearly a year after sudden exit, Shepard Smith returns to TV
The 56-year-old newsman, a Fox News original who joined that network at its start in 1996, says he's relishing the fresh start. Smith left more questions than answers upon his Fox exit, leaving others to speculate about why. His 3 p.m. newscast stood out at a network where opinion is king, and sometimes he challenged statements made by the network's prime-time hosts. Asked about it, Smith said that โI had felt like it was time for a new challenge for a long time. With CNN, MSNBC and the broadcast networks courting Smith, CNBC was considered an underdog, at best.
CNBC's Cramer apologizes for calling Pelosi 'crazy Nancy'
NEW YORK โ CNBC's Jim Cramer apologized Tuesday for calling House Speaker Nancy Pelosi โcrazy Nancyโ during an interview, saying he was trying to make a point about Washington intolerance that fell flat. The fast-talking former hedge fund trader, one of CNBC's leading personalities for two decades, was interviewing Pelosi on negotiations on a relief bill for those hurt financially by the pandemic. โWhat deal can we have, crazy Nancy?โ he said during the interview. He immediately indicated that he was channeling President Donald Trump, who has repeatedly used that derisive nickname for Pelosi. โIt's time that CNBC takes steps to remove toxic misogyny from its airwaves, and that starts by firing Jim Cramer,โ Thomas said.
Report: Quicken Loans is planning to go public
DETROIT โ Americaโs largest mortgage lender, Quicken Loans, is planning an IPO, according to reports. According to CNBC, billionaire Dan Gilbertโs company has filed paperwork that let it go public by next month. Quicken Loans is working with Morgan Stanley, Goldman Sachs, Credit Suisse and JPMorgan to manage the deal, CNBC reports. The value is expected to be in the tens of billions of dollars worth. Gilbert founded Quicken 35 years ago and eventually moved its headquarters to Downtown Detroit where he has built a real estate empire.
Wall Street feuds with Warren, much to her apparent delight
One key proposal of her campaign is a 2% tax on every dollar of an individualโs wealth above $50 million. As Warren has moved up in the polls among the Democratic candidates, the reaction from Wall Street and the financial industry has become louder and more antagonistic. He did note that Warren was โnot my candidate, but we align on many issuesโ without specifying which issues. The campaign has released an ad highlighting her wealth tax. Wall Street is a popular punching bag for politicians in an election season.
Nearly 1,400 People Hit the Lottery With Same Winning Numbers: 2222
Imagine finding out youve won the lottery, but you have to split the winnings with almost 1400 other people. CNBC reports that it happened in South Carolina, after they all happened to select the same exact winning numbers in the states Pick 4 game: 2-2-2-2. South Carolina Educational Lottery officials are paying out a record prize of $3.4 million in last Saturdays game. One person played the winning combination 16 times, snagging them $80,000. RELATED STORIESMan Takes Detour Home From Lunch, Wins $10M LotteryMan Hits Lottery Twice in 2 YearsMan Says Good Deed Led Him to Win Lottery