10:18 am: Dow turns red for JanuaryAs the losses on Friday mount, the Dow has turned negative for January. —Fitzgerald10:08 am: Sell-off accelerating in morning tradingThe Dow is now down 300 points, with Chevron and Exxon Mobil leading the decline in the 30-stock average. The consumer products company also forecast 2020 revenue would growth between 4% and 6%, above the 3.8% pace analysts expected. Friday’s surge would bring Amazon’s market cap back above $1 trillion, based on the share count fr

The chief executive of Britain’s National Health Service (NHS), Simon Stevens, reportedly said Gwyneth Paltrow’s Netflix show, “the Goop Lab,” pushes “dubious wellness products and dodgy procedures.” The documentary series, which premiered on Netflix on January 24, follows Paltrow and the team at her wellness brand Goop, exploring experimental health trends such as psychedelic therapy and energy “exorcisms.” He argued Paltrow’s brand “peddles psychic vampire repellent, says chemical sunscreen is

Brexit is “nowhere near” the most important factor in the future of the U.K.’s economic growth, according to Chatham House Chair Jim O’Neill. The U.K. is set to leave the European Union officially at 11:00 p.m. London time on Friday, and the Bank of England on Thursday estimated trend GDP (gross domestic product) at an anemic 1.1% per year over the next three years, having believed several years ago that Britain’s economy could sustainably grow at around 2.5% a year. However, the former Goldman

Goldman Sachs believes the fast-spreading outbreak of China’s coronavirus will act as a drag on U.S. economic growth during the first three months of the year. This will likely be followed by a subsequent rebound in the second quarter, “boosting” annualized growth by 0.3-0.4 percentage points. “The drag on growth operates mostly through lower tourism from China and lower U.S. goods exports to China,” they added. Goldman’s prediction comes as market participants try to assess the potential econom

A growing number of airlines have suspended flights in and out of China Friday as seat cancellations rise and carriers try to help prevent the global spread of the coronavirus. Air New Zealand has now said it will reduce services to four a week rather that its current daily flights. New Zealand has seen its currency shed 2% against the U.S. dollar this week on coronavirus fears. Chinese carrier Shanghai Airlines said Friday it would suspend its flights to Hungary from the cities of Chengdu and X

Cruise lines around the world are taking new measures to reduce the risk of a coronavirus outbreak onboard their ships. P&O announced earlier this week that one of its routes would be diverted to call at Singapore instead of Hong Kong. The company also said it had canceled all cruises to China and Hong Kong until mid-February. “Due to the growing concern regarding coronavirus infections in China, we are implementing non-touch temperature screenings for all passengers embarking in Hong Kong. Our

Here’s how cybercriminals gain access to customer data through e-skimmingBritish Airways, Puma, Ticketmaster are just some of the companies that have been recent target of dangerous cyber attacks. CNBC’s Rahel Solomon reports.

E-skimming is getting more common with the rise of online shoppingSkimming credit card information from ATMs and gas pumps has now gone digital with criminals stealing info from online transactions. Millions of consumers already have been hit, according to the FBI. CNBC’s Rahel Solomon reports.

Skimmers, or hidden devices designed to steal credit card information, have long been a threat for consumers at the gas pump or ATM. Interpol, which helps coordinate police agencies in 194 countries, said Monday it arrested three people from Indonesia who allegedly compromised hundreds of online shopping websites. Cybercriminals can compromise websites in many ways, including breaking into the web server directly or breaking into a common server that supports many online shopping websites, to co

CBS CEO and chairman Joe Ianniello is departing the company, ViacomCBS announced Friday. George Cheeks, vice chairman of NBCUniversal Content Studios, will take over as CEO and president of CBS Entertainment Group effective March 23. Cheeks will report directly to ViacomCBS CEO Bob Bakish. Ianniello was appointed as acting CEO of CBS while the media company searched for a successor for Les Moonves, who left the company amid sexual misconduct allegations. Last April, CBS said it would suspend its

Amazon’s advertising segment was just one factor in the company’s blowout fourth-quarter, but the company outlined where it sees growth for the high-margin business. Amazon’s “other” category, which is mostly made up of its advertising business, generated $4.8 billion in revenue during the quarter, a 41% increase from the year-ago period. Asked by analysts how the company’s ads business is working with brands, Fildes said the company is particularly excited about the Amazon’s “stores,” allowing

Scammers have found a new way to wring money out of unsuspecting victims of the 2015 breach of the Ashley Madison affair-dating website, by using their stolen credentials in an amped-up version of the common “sextortion” scam. Researchers at email security company Vade Secure found the new scam earlier this year, when they saw a small number of targeted emails with apparent information from Ashley Madison breach victims. The threats are a worrying evolution of the sextortion scam because they ap

Shares of Amazon hit a new all-time intraday high Friday, climbing more than 9.4% in early trading. Amazon saw its market cap gain almost $96 billion from yesterday’s close, which is bigger than the market value of UPS and 3M. In order for Amazon’s market cap to rise $100 billion on Friday, the stock will need climb above $2,063.99. In crossing the threshold, Amazon joins Apple, Alphabet and Microsoft, all of which have hit the key milestone. Amazon reached a $1 trillion market cap for the first

Amazon CEO Jeff Bezos laughs at a discussion at the Air Force Association’s Air, Space and Cyber Conference in National Harbor, Md., Sept. 19, 2018. Amazon reported blowout earnings for its fiscal fourth-quarter on Thursday after the bell, surprising even the most bullish Wall Street analysts. The e-commerce giant’s investments in its various initiatives like one-day shipping continues to pay off, easing analyst concerns over the cost of heavy spending. In addition, the company reported a record

JPMorgan said in its view of the ridesharing company that it sees it “driving” towards profitability. “Uber occupies a leadership position in Rideshare and Food delivery in most parts of the world and has rapidly increased its gross bookings from ~$34B in 2017 to an estimated $65B in 2019. freight), which provide optionality. With key events like the lock-up behind us, we believe Uber looks attractive at ~3.3x our 2020E Adj. net revenue.”

Hidden skimming devices (commonly thought to be attached to gas station pumps and ATMs) have gone high-tech. But one thing we know for sure is that millions of credit card numbers have been stolen, even over the course of the past two years,” Herb Stapleton, section chief for the FBI’s cyber division told CNBC. Cybercriminals can gain access to your personal and credit card information in a number of ways. “It’s nearly impossible for a consumer to detect that this has happened to them before the

7:30 am: China says confirmed cases of coronavirus climbs to nearly 10,000The number of confirmed coronavirus cases has risen to 9,782 in mainland China, according to Chinese authorities. The new cases in China bring the global total to nearly 10,000 cases with at least 213 deaths. 6:50 am: Singapore bans Chinese travelersSingapore’s health ministry banned entry to all Chinese visitors and foreigners with a recent history of travel to China. It is the first Southeast Asian country to implement a

Owner of Racing Point Lawrence Stroll walks in the Paddock before the F1 Grand Prix of Spain on May 12, 2019. Canadian billionaire Lawrence Stroll will take an up to 20% stake in Aston Martin for nearly 200 million pounds ($263 million) as the ailing carmaker raises funds after a sales drop put pressure on its finances. The company will raise a total of 500 million pounds, including a rights issue from existing major shareholders, it said on Friday, as it begins building its first SUV. “He bring

The overall feeling at the European Parliament, the EU’s only directly-elected institution, is sadness. “Very emotional moment, sad moment, I would say in the history of Europe,” Pedro Silva Pereira, a Portuguese lawmaker at the European Parliament, told CNBC Thursday. The U.K. has been a member of the EU for 47 years. In stark contrast to the U.K. government, the EU has not prepared any events to celebrate Brexit on Friday. The U.K. and the EU agreed to implement a transition period after Brexi

Two patients from the same family in England have tested positive for the coronavirus, according to the country’s chief medical officer. In a statement Friday, England’s Chief Medical Officer Chris Whitty said the patients were now in the care of the country’s National Health Service (NHS). “The patients are receiving specialist NHS care, and we are using tried and tested infection control procedures to prevent further spread of the virus,” he said. Whitty added that his team was “working rapidl