U.S. consumer sentiment came in marginally above expectations and within striking distance of a cyclical peak amid strength in the labor market and strong increases in income, data released Friday showed. The University of Michigan’s consumer sentiment index came in at 99.8 for January. Economists polled by Dow Jones expected consumer sentiment to come in at 99.1. “The resilience of consumers is remarkable and due to record low unemployment, record gains in income and wealth, as well as near rec

Chevron posted a $6.6 billion loss in the fourth quarter due to $10.4 billion worth of write-offs related to the company’s shale gas production sites in Appalachia and deep-water projects in the Gulf of Mexico. In December, the company warned that this charge would be between $10 billion and $11 billion. The company’s upstream operations in the U.S. lost $7.5 billion in the quarter, down from earnings of $964 million a year earlier. In the same quarter a year earlier the company reported EPS of

CNBC’s Jim Cramer said Friday he’s done with fossil fuel stocks because young investor’s concerns about climate change are holding them down. On “Squawk Box,” Cramer compared oil and other fossil fuel stocks to the sigma attached to investing in tobacco companies, saying they are in the “death knell phase.” He added, “They’re tobacco. I think they’re tobacco.” However, Cramer said that better financial performance for oil companies wouldn’t even turn their stocks around.

Dresden, Dakota, and Ariana Peters known as the “Chicks with Kicks” discuss their more than 6,000 pair sneaker collection. What may be the largest sneaker collection in the world belongs to three 20-something women. The Peters sisters sneaker collection on display in their Miami Heat-themed NBA size basketball court. Rare Adidas Kanye West Prototype Rod Laver from 2005 that the Peters sisters sold for $7,840. Because of this, the Peters sisters say sneaker collectors are willing to pay a premium

From the time he was 14, Rob Gronkowski was committed to reaching the NFL. With the Patriots, Gronkowski — aka “Gronk” — won three Super Bowls rings and earned more than $50 million. In his 2015 book “It’s Good to Be Gronk,” Gronkowski said that at the start of his career he decided to save all his NFL paychecks and live off endorsement money instead. It feels good just to go out there and try to find things that I would just love to do,” Gronkowski says. In October, FOX NFL Sunday hired Gronkow

Dow now on pace for worst week since AugustPhil Camporeale, managing director at JPMorgan Asset Management, and Omar Aguilar of Charles Schwab Investment Management discuss markets after the opening bell on “Squawk on the Street.”

How to earn $60,000 in interest alone every year in retirementAn “interest-only” retirement plan can fund your retirement without draining your savings, but you will need to save a lot of money to make it possible. NerdWallet crunched the numbers, and we can tell you how much you need to save every month, broken down by age, to get $60,000 every year in an “interest-only” retirement. Check out this video to learn how much you will need, in order to make it a reality.

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