US sanctions on Iran are set to keep oil prices elevated, analysts say

US sanctions on Iran are set to keep oil prices elevated, analysts say

U.S. sanctions on Iranian crude could soon push oil prices above $90 a barrel, one analyst told CNBC ahead of the penalties snapping back into place. “As we go more towards (the fourth quarter) … that’s when we really see the risk of prices going well into the 80s and potentially even into the 90s […]

Asian shares gain despite China's newest tariff threat against the US

Asian shares gain despite China's newest tariff threat against the US

In South Korea, the Kospi added 0.44 percent, with automakers, steelmakers and retailers contributing to overall gains. Index bellwether Samsung Electronics added 0.77 percent in morning trade. Down Under, the S&P/ASX 200 rose 0.44 percent, with the materials subindex leading gains in the morning as mining majors climbed. BHP was up 2.19 percent and Rio […]

Why Warren Buffett Should Buy Facebook Stock

Why Warren Buffett Should Buy Facebook Stock

For the vast majority of his career, Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) CEO Warren Buffett has avoided tech stocks. Buffett has said he doesn’t like to invest in tech companies as he finds them difficult to value and their futures difficult to predict. Historically, he has preferred stocks with consistent recurring business models like Coca-Cola or Wells Fargo. However, in recent […]

Wells Fargo says hundreds of customers lost homes because of computer glitch

Wells Fargo says hundreds of customers lost homes because of computer glitch

Hundreds of people had their homes foreclosed on because software used by Wells Fargo incorrectly denied them mortgage modifications. The embattled bank revealed the issue in a regulatory filing this week and said it has set aside $8 million to compensate customers affected by the glitch. The same filing also disclosed that Wells Fargo (WFC) […]

Democratic candidates told not to use ZTE, Huawei devices: source

Democratic candidates told not to use ZTE, Huawei devices: source

WASHINGTON (Reuters) – The Democratic National Committee warned party candidates running in November elections not to use devices made by Chinese telecommunications companies ZTE Corp and Huawei Technologies because they pose a security risk, a Democratic source said on Friday. FILE PHOTO: People walk past a Huawei sign at CES (Consumer Electronics Show) Asia 2018 […]

Bezos is throwing cash at his rocket program as the private space race heats up

Bezos is throwing cash at his rocket program as the private space race heats up

SEATTLE (Reuters) – Amazon.com founder Jeff Bezos is racing to pull his private space company out of start-up mode and move into production amid signals that his firm’s heavy rocket set for lift-off in 2020 may slip behind schedule, according to people familiar with the project. Blue Origin has added hundreds of engineers over the […]

395 people sickened in McDonald's salad outbreak

395 people sickened in McDonald's salad outbreak

Story highlights Illnesses have been reported in 15 states Cyclosporiasis can be treated with antibiotics The total number of laboratory-confirmed illnesses from this outbreak is now 395, according to a statement from the US Food and Drug Administration. At least 16 of the sick individuals have been hospitalized. The cyclospora parasite causes intestinal illness in […]

'You're getting nothing': Steve Jobs' daughter wrote a heartbreaking memoir about their often brutal relationship

'You're getting nothing': Steve Jobs' daughter wrote a heartbreaking memoir about their often brutal relationship

Lisa Brennan-Jobs, a daughter of the longtime Apple CEO Steve Jobs, has published an excerpt from her coming memoir, “Small Fry” — and it contains heartbreaking details about her difficult relationship with her father. This is the first time Brennan-Jobs has written in depth about her father, who initially denied paternity and refused to pay […]

Tesla shares surge as upbeat Musk sees profitable second half

Tesla shares surge as upbeat Musk sees profitable second half

Tesla is now aiming for a 6,000 vehicle per week rate, which it hopes to achieve by the end of August. By year-end it hopes to ramp up to a rate of 10,000 per week. Musk said the company is still aiming to produce 1 million cars per year by 2020, but that a number […]