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President Donald Trump late Friday applauded a federal judge’s ruling in Texas that ruled former President Barack Obama’s signature health-care law was unconstitutional, and called on Congress to replace the current mandate with a new bill. U.S. District Court Judge Reed O’Connor of Texas issued the decision, declaring that key portions of the legislation were
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A federal judge in Texas ruled on Friday the Affordable Care Act unconstitutional, potentially threatening health-care coverage for millions of Americans and setting up a new legal showdown over former President Barack Obama’s signature policy initiative. U.S. District Court Judge Reed O’Connor of Texas issued the decision, declaring that key portions of the legislation were
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Pessimism among investors shouldn’t deter people from carefully buying shares of high-quality companies that have endured massive declines, CNBC’s Jim Cramer said Friday after a widespread sell-off in the stock market. On Thursday, survey results from the American Association of Individual Investors showed that pessimism among retail investors was at its worst in some 5½
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The Children’s Place Inc.: “Children’s Place is in a bear market. There’s a big retail bear market going on. That quarter wasn’t that bad. This stock is now down 67 straight points. But I’ve got to tell you, it’s probably not done going down. But they are a good company, so if you want to
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The new partnership between coffee giant Starbucks and Uber’s delivery division, Uber Eats, came around in part because of Uber’s continued efforts to improve its culture, Uber CEO Dara Khosrowshahi told CNBC on Friday. In a joint “Mad Money” interview with Starbucks President and CEO Kevin Johnson, Khosrowshahi told CNBC’s Jim Cramer that “culture work
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Pessimism among investors shouldn’t deter people from carefully buying shares of high-quality companies that have endured massive declines, CNBC’s Jim Cramer said Friday after a widespread sell-off in the stock market. On Thursday, survey results from the American Association of Individual Investors showed that pessimism among retail investors was at its worst in some 5½
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On Friday, Reuters published a story charging that Johnson & Johnson knew back in 1971 that “its iconic baby power sometimes contained asbestos and failed to alert authorities.” The story also cited a Missouri court of 22 women who said their use of baby powder “caused them to develop ovarian cancer.” The stock market reacted
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Johnson & Johnson lost $39.8 billion in market value Friday after Reuters said the company knew for decades that its baby powder contained asbestos, an allegation the company denied. J&J said the story was “one-sided, false and inflammatory” and an “absurd conspiracy theory,” according to a statement. Thousands of lawsuits have accused J&J’s talc-based baby
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Private equity firm Thoma Bravo is in early discussions to acquire security software company McAfee from TPG and Intel for a significant premium over the company’s 2016 $4.2 billion valuation, according to people familiar with the matter. Talks may still fall apart and a deal announcement isn’t expected soon, said the people, who asked not
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Robinhood’s news this week inspired a Twitter debate over FDIC versus SIPC coverage. And the most vocal critics of the limitations of SIPC coverage were financial advisors. Jude Boudreaux, partner and senior financial planner at The Planning Center, was one of them. Without more detail on Robinhood’s accounts, Boudreaux said there’s “no way” he would
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Adam Jeffery | CNBC Jerome Powell, Chairman of the Federal Reserve, speaking at the New York Economic Club on Nov. 181128. The economy is showing signs of weakness that should make the Federal Reserve think twice about raising interest rates after December’s widely anticipated hike, Cramer warned on Thursday. “There’s enough conflicting evidence that the
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