NYC opens homeless shelter on billionaire's row

CNBC's Contessa Brewer reports that New York City Mayor Bill de Blasio has announced a plan to open a men's homeless shelter in one of New York's most expensive neighborhoods.


South Korea is considering shutting down all virtual currency exchanges, regulator says

Choi Jong-ku, chief of the country's Financial Services Commission, announced the news on Thursday.


Shares of H&R Block jump after it announces an exclusive partnership with Walmart

Shares of H&R Block jumped nearly 1 percent Tuesday after the company announced an exclusive partnership with Walmart.


Senate Dems searching for one last vote to revive FCC's net neutrality rules

Republican Sen. Susan Collins recently announced her support of the bill, joining all of the Senate Democrats.

United States

Walmart is reportedly planning to cut over 1,000 corporate jobs

News comes after Walmart announced raising its minimum wage and later acknowledged Sam's Club store closures.

United States

Facebook should get rid of its news product entirely

Facebook announced new changes to its platform that will show fewer news posts. But it shouldn't show any at all.


GameStop tanks 11% after it says people are not upgrading smartphones at phone-selling locations

GameStop stock dropped 11 percent in trading Friday after the company announced it expects impairment charges of between $350 million to $400 million.

United States

Watch: Treasury Secretary Mnuchin discusses new tax withholding tables at White House briefing

The briefing came as senators announced that they had reached a bipartisan immigration deal.

United States

As companies give bonuses, prospect of pay gains still hazy

The companies say the bonuses announced are a way to share some of the tax cut bounty with workers.


Walmart to raise its starting wage to $11, give some employees bonuses following tax bill passage

Walmart announced it will be increasing its starting wage rate for hourly employees in the U.S. to $11 from $9.

United States

California GOP Rep. Darrell Issa will retire, giving Democrats another chance to win a seat

Issa's decision to leave Congress follows the announced retirement of Rep. Ed Royce, R-Ca.


Kodak shares have more than tripled since company announced its new cryptocurrency 'KodakCoin'

A faded American industrial brand pivots to the newfangled world of digital currency


Trump aims to open nearly all federal waters to offshore drilling in biggest lease sale ever

The Trump Interior Department on Thursday announced plans to offer blocks in the Arctic, Atlantic and Pacific oceans for oil and gas exploration.

United States

Amazon Alexa will soon control microwave ovens

Amazon announced new tools that will allow users to control smart microwaves using the Alexa voice assistant.

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