Twitter says the number of government demands for user data are at a record high. In its latest transparency report covering the six months between January and June, the social media giant said it received 7,300 demands for user data. That’s 6% ahead of last year, but that the number of accounts affected declined by 25%.

Berkshire Hathaway, run by Warren Buffett, ended the 3rd quarter of 2019 with a record $128 billion in cash because Buffett has had trouble finding companies to purchase that aren’t over-valued.

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Federal regulators are taking a closer look at Under Armour Inc.’s accounting practices. The probe is examining whether the sportswear maker shifted sales from quarter to quarter to appear healthier, according to people familiar with the matter.

As part of the probe, which hasn’t been made public, investigators questioned people in Baltimore last week.

The company says it is cooperating with investigators.

Warren Buffett is one of the world’s most successful investors, and it looks like he’s preparing for a major stock market crash after cashing out on 60% of his investment portfolio. This is the same strategy he successfully used to prepare for the last market crash back in 2008.

Tesla has unveiled its first electric pick-up truck that looks like a futuristic angular armoured vehicle in gunmetal grey, as the California company takes aim at the heart of Detroit car makers’ profits. If we don’t have a pick-up truck, we can’t solve it. The top three selling vehicles in America are pick-up trucks. To

The attack came as state-owned oil giant Saudi Aramco has been plotting a massive initial public offering. Reports indicated that other Gulf markets, including Kuwait and Dubai were down 0.4% and 0.5% respectively on Sunday following Saturday’s attack. But if it results in higher energy prices, Ryan Kellogg, an economist at the University of Chicago told The Journal, it could

The fact that everyone saw the yield curve inversion and started planning for it could mean it won’t have the predictive power that it used to when it wasn’t a commonly-watched recession indicator. In the case of BAC stock, the bank announced a plan to repurchase more than $30 billion, or close to 12% of the total outstanding share base. All else equal, even if net

Despite uncertainty around the U.S. economic outlook and disagreements over the direction of future monetary policy, the Federal Reserve is still widely expected to cut interest rates to a range of 1.75% to 2% on Wednesday. Historically, stocks tend to fare better when the Fed takes a more cautious approach, Dow Jones Market Data shows . … Powell will have to walk a fine

Residential starts hit a 1.36 million annualized rate in August, according to data released Wednesday by the US Census Bureau. US housing starts leaped in August to the highest level since July 2007, climbing on increased apartment and single-family home construction. The upward trend follows “softness” from earlier in the year, the JPMorgan economist Daniel Silver said in a note. The report’s positive guidance suggests

Adam Neumann cofounded WeWork in 2010 and built it into a global chain of coworking spaces with 528 locations in 111 cities across 29 countries and more than 500,000 members, according to its recent IPO prospectus. But concerns about the company’s path to profitability, its corporate governance, and Neumann’s personal and professional behavior since the company stated its intent

Nike hit a record high on Wednesday after reporting strong earnings that exceeded even the most optimistic Wall Street estimate. The shoe giant’s stock climbed more than 6% in early trading, hitting $92.79, handily beating the previous intraday high of $90 set on April 18. “Even amidst the increasingly volatile macroeconomic and geopolitical environment, we expect our unrelenting focus on better serving the consumer

“We are seeing a huge rotation out of high multiple, ‘high flying’ tech stocks this week for a few reasons,” said Jeff Marks, an analyst with Jim Cramer’s Action Alerts PLUS Charitable Trust Portfolio. “First, I think the fiasco of the WeWork IPO has caused investors to rethink the frothy valuations placed on similar high growth but low-to-no-profit companies. “With these

The Dow Jones Industrial Average tumbled more than 300 points after disappointing economic data halted an early rally in the stock market today. That marked the second straight month below 50, indicating continued China-U.S. trade war concerns are taking a toll on the sector. Visa and Apple were two stocks that bucked the trend and posted modest gains. Visa has been consolidating below the 50-day line the past

Kroger is laying off hundreds of employees across the family of grocery stores it owns, a person familiar with the situation tells CNBC. In September, CEO Rodney McMullen told analysts Kroger would not be “reconfirming” its expectation that it would add $400 million in incremental operating profit as part of its three-year restructuring plan. After threats of a strike

U.S. unemployment dropped to a half-century low in September and job growth continued at a modest pace, signs the economy is holding up despite a broader global slowdown. The jobless rate dropped to 3.5% in September from 3.7% in August, marking the lowest rate since December 1969 when it also logged in at 3.5%. Employers added 136,000 jobs in September,

All three major indexes fell well below their 50-day moving average lines at the open, failing a key test of support. But the market headed sharply lower after the U.S. imposed visa bans on Chinese officials for human rights violations against Muslims in Xinjiang. Chip stocks selling off more than 3% apiece included Marvell Technology ( MRVL ), Monolithic Power Systems

Associated PressUS central bankers have explored the possibility of developing a digital currency that would be directly available to businesses and households. “We have assessed and we continue to carefully analyze the costs and benefits of pursuing such an initiative in the U.S.,” Federal Reserve Chairman Jerome Powell wrote in a letter to lawmakers this week. In September, Reps. French Hill

X Amazon.com ( AMZN ), if analysts are right, is next up to be worth $1.1 trillion, a year from now, based on the average 12-month stock price target collected by S&P Global Market Intelligence. It would put the online retailer just ahead of the $1 trillion they think Apple ( AAPL ) will be worth in 12 months . The retailer,

The Los Angeles Times reported that more than 100 Uber and Lyft drivers wearing neon green shirts attended the Tuesday morning meeting. Many Uber and Lyft drivers in California argue it’s getting harder to make ends meet due to rising housing costs and gas prices. Lyft spokesperson Lauren Alexander said the company provides a “guaranteed wage floor” and that driver

In Christiansburg, the small Virginia town chosen as Wing’s test location, the 22,000 residents can order products normally shipped by FedEx, medicine from Walgreens and a selection of candy from a local business — all of which will arrive via drone. One family used the Wing app to order Tylenol, cough drops, Vitamin C tablets, bottled water and tissues, the statement said. The yellow

WeWork founder and former CEO Adam Neumann is set to receive almost $1.7 billion from the Japanese investor as part of the deal, which will see him step off the board, The Journal reported. Neumann will reportedly sell about $1 billion worth of shares to SoftBank, plus receive additional credit and a consulting fee. WeWork’s main backer, SoftBank, will reportedly give its cofounder

Cars at the 2020 Tokyo Olympics will be equipped with Toyota’s “Chauffeur” software, which the automaker has previously described as “focused on full autonomy, where the human is essentially removed from the driving equation, either completely in all environments, or within a restricted driving domain.” Toyota has a second AV product called “Guardian,” which is essentially an advanced driver-assist system, akin to Tesla’s

NEW YORK CITY – SpaceX President and COO Gwynne Shotwell outlined plans for its two development programs at a recent investor conference, giving her forecast for when the company will fly people on its next-generation rocket and begin offering internet from its satellite network. The company has raised more than $1.3 billion this year to build both Starship, the massive

The group’s top governing board voted unanimously to allow college athletes to be compensated, though the NCAA’s three divisions must still craft their own rules and detail the specifics. Despite the NCAA’s latest decision, the organization said California’s law is still “likely unconstitutional” and is considering all potential next steps as states continue to address the subject of student-athlete pay. “We must embrace change to provide the best

Shares of the Walt Disney Co. gained 5% in after-hours trading Thursday after it reported quarterly results roughly in line with Wall Street analysts’ estimates — days before its much-anticipated streaming service begins. Analysts polled by FactSet had expected Disney to report adjusted fiscal fourth-quarter earnings of 94 cents a share on sales of $19.2 billion. The company’s

Still, customer after customer strode up to a stainless steel wall lined with beer taps to insert a card, touch a screen and pour a glass of self-serve beer. At Walters, the beer wall cuts customers off after they pour 32 ounces — the equivalent of 2 pints. The beer wall set him back about $100,000, but he believes it

A massive database storing tens of millions of SMS text messages, most of which were sent by businesses to potential customers, has been found online. The database is run by TrueDialog, a business SMS provider for businesses and higher education providers, which lets companies, colleges, and universities send bulk text messages to their customers and

There has so far been just over $72 billion spent online since the beginning of November. The $3 billion of products purchased via smartphones accounted for about one-third of all sales. In itself, this is huge, as smartphone growth was up 46%: in other words, smartphone growth is outpacing and very much driving overall growth of online sales.

That would make it the largest on record, beating out Alibaba’s $25 billion IPO in 2014. Saudi Aramco is expected to sell 3 billion shares, or a 1.5% stake in the company, at 32 Saudi riyals ($8.53) each, The Journal reported. The state-owned oil company is expected to raise $25.6 billion from the IPO, The

Uber is set to lose just over $1 billion from its market cap after the ride-sharing company said that roughly 6,000 sexual assault cases took place in its cars over the last two years. In a tweet, Uber CEO Dara Khosrowshahi said: “Doing the right thing means counting, confronting, and taking action to end sexual

Student loans are a lot like the 2007-08 subprime mortgage debacle, says a watchdog group. “We projected over 2 million subprime mortgage foreclosures back in 2007, and the response was we were ridiculed by the industry,” he says. Now he’s watching student loans, “and there are a lot of similarities,” he says. “Already in the

Indeed’s annual list of the “25 best jobs of 2019” named machine learning engineer as the No.1 job. Jobs site Indeed notes that artificial intelligence engineers in San Francisco rake in $120,000 to upwards of $160,000 as a base salary. So what’s behind this rapid growth in AI jobs? “While many of these jobs are

To put that in perspective, a decked-out Mac Pro costs about 56% above the median annual U.S. income. The Apple Mac Pro isn’t aimed at the typical American, however. Here’s how the Mac Pro’s price tag reaches nearly $52,600:$5,999 for the Mac Pro tower. Buying Apple’s new Pro Display XDR monitor — with standard glass

It’s because they treat their leisure time differently than the average person, reported Dawn Teh for Forge, a Medium publication. Both millionaires and the average person allocate the same amount of their time for leisure (around 46% of their time), she wrote, citing a new study published in the journal Social Psychological and Personality Science.

A new analyst report suggests that Netflix lost 1.1 million subscribers to Disney+ during the month of November. Cowen & Co. analyst John Blackledge expects Netflix to hit its fourth-quarter subscriber forecasts despite the increased competition. In fact, Blackledge notes in the report that the firm still expects Netflix to hit or exceed its fourth-quarter

On average, those working in jurisdictions with minimum wage hikes will see their annual earnings increase by $150 to $1,700, the EPI reports. “Local communities all around the country strongly support raising the minimum wage, because people see their friends, neighbors or themselves working hard but not getting ahead.” Following the increases on New Year’s

Executives are selling in droves, according to new data from a provider of insider trading and data analytics. The ratio of companies with insider buying compared to insider selling stood at 0.27 in July, said the Washington Service. This is the lowest level since at least the year 2000 Overall, six million shares were sold

Uber lost $1.78 billion in the second quarter as the pandemic carved a gaping hole in its ride-hailing business, with millions of people staying home to reduce the spread of the coronavirus. The San Francisco-based ride-hailing giant brought in $2.24 billion in revenue during the second quarter, down 27% from the same time last year,

Thanks to the First Amendment, the state of California can’t ban residents from vanity license plate messages that it deems “offensive to good taste and decency.” A federal court ruled Tuesday that the state rule was an unconstitutional restriction on free expression. The case against the California Department of Motor Vehicles—heard by the U.S. District

The Dow Jones Industrial Average hit a record high of 30,000 on Tuesday, a symbolically significant benchmark in a year that has been whipsawed by the economic fallout of the coronavirus pandemic and a bruising election cycle. The Dow rose by over 450 points to close the day at 30,045, a record high for the