Goldman Sachs wants to be more transparent in how it rates its employees, according to a new report. The investment bank plans to roll out a new review system, in which employees will receive continual feedback from managers and peers, The Wall Street Journal reported on Friday. “The same approach that we take to our revenue-producing businesses, we have to apply to our investment in people,” Cooper told the newspaper. “If you’re giving [employees] lots of feedback and being transparent, that wi

“On the one hand the S&P 500 is not that far from its all-time high,” said Koesterich, portfolio manager of BlackRock’s $47 billion Global Allocation Fund. But a near-term question hanging over the market is this weekend’s first-round voting in the French presidential election, he said. Far-right leader Marine Le Pen, far-left firebrand Jean-Luc Melenchon, conservative Francois Fillon, and centrist Emmanuel Macron were all in the margin of error in the latest polls. “If we were to see a Le Pen a

A correction is coming—here’s how bad it will be: Wells Fargo 23 Hours Ago | 03:22Investors should anticipate a 5 to 10 percent correction as confidence around policy change in Washington wanes, Wells Fargo Investment Institute head global market strategist Paul Christopher said in a recent interview. The stock market has rallied since the election in November in part because investors anticipate corporate tax cuts under the Trump administration. The S&P is up about 5 percent this year, and has

The White House hopes language on a possible health-care deal can come as early as Friday or Saturday, leaving the potential for an agreement next week, a White House official told CNBC. The Senate Budget Committee is giving technical assistance with the language. An attempt to replace President Barack Obama’s landmark health-care law failed last month as House Republicans could not gather enough support. It is unclear if the revised version of the health-care plan reported by multiple outlets T

The Trump administration will not grant special permission to U.S. companies, including Exxon Mobil, to carry out oil and gas drilling in Russia while sanctions remain intact, according to a statement from Treasury Secretary Steve Mnuchin on Friday. Shares of Exxon Mobil were marginally lower on the New York Stock Exchange Friday. Exxon tried to secure a waiver that would let it drill in parts of Russia currently blocked by U.S. sanctions, the Wall Street Journal reported this week. After long p

The key to running a successful company: hire the right people Tuesday, 26 Apr 2016 | 7:13 AM ET | 01:49″Prior to being tapped as CEO, the U.S. executives toiled, on average, for 20 years within their companies, while their European counterparts attained the top job after no more than 14 years, on average, on the inside,” it adds. Notably, it also found that CEOs in the U.S. are more commonly promoted from within than in other countries. For instance, 85 percent are given the top spot after work

President Donald Trump says businesses and individuals will receive a “massive tax cut” under a tax reform package, though the timing of that package was unclear. “We’ll be having a big announcement on Wednesday having to do with tax reform. Earlier, in an interview with The Associated Press, Trump says the plan will result in tax cuts for both individuals and businesses. He would not provide details of the plan, saying only that the tax cuts will be “bigger I believe than any tax cut ever.” Tre

A power outage on Friday morning in San Francisco hit about 90,000 people, utility PG&E said, and at least several blocks of the financial district lost electricity. The outage affected central and northern parts of the city, according to the city’s Department of Emergency Management. Spokesman Francis Zamora said the cause was not yet clear and that crews were responding to try to fix the problem, which began around 9 a.m. Pacific (12 pm ET).

One of the five most heavily shorted stocks in the S&P 500 could spell opportunity for contrarian-minded investors. “We like Discovery,” Erin Gibbs, equity chief investment officer at S&P Global, said Thursday on CNBC’s “Trading Nation.” “We think they are a transitioning company, we do see some potential earnings growth going forward and valuations really are at three-year lows [and have been] very stable, so we really see this as a good buying opportunity for where they are.” Of the five names

Despite their reputation as intense and time-consuming fields of study, science, technology, engineering and mathematics (STEM) majors reported having some of the most down time. One reason these students may feel so laid back is their strong likelihood of finding well-paid, high-quality jobs upon graduation. According to the Bureau of Labor Statistics, software engineers earn an annual $102,280, computer scientists earn $111,840 and astronomers earn $114,870 a year. Across fields, STEM majors c

President Donald Trump says he believes Thursday’s attack in Paris will “probably help” far-right candidate Marine Le Pen in France’s upcoming election. In an interview with The Associated Press, Trump says he is not explicitly endorsing Le Pen. But he says he believes she will be helped by the attack that left a Paris police officer dead, because she’s the candidate who is “strongest on borders, and she’s the strongest on what’s been going on in France.” Trump says he believes the attack will i

The stream started at 2:55, ET. Please refresh the page if you do not see a player above at that time. President Donald Trump and Treasury Secretary Steve Mnuchin discuss the financial services executive order.

Five companies have become the pillars of the stock market in 2017, and their names shouldn’t sound unfamiliar, either. Apple, Alphabet, Microsoft, Amazon and Facebook are carrying a load of weight on their shoulders. As the Nasdaq hit a record high Thursday, it’s important to note that the top five S&P 500 stocks by market capitalization represent 12 to 13 percent of the index’s overall weight, and all of them — technology-related stocks — are trading in positive territory year to date. But abo

Elon Musk’s newest venture Neuralink, a start-up on a mission to link human brains with computers, may sound like science fiction, for Qualtrics CEO Ryan Smith the concept isn’t so far-fetched. “This is what we all wanted,” the founder of the software company told CNBC. “I think that to watch entrepreneurs or technologists go over and tackle these moonshots … that’s what we have all been hoping for,” said Smith. Smith says there is still a lot we don’t know about the human brain, and believes

Residents in San Francisco now have a new option when ordering falafel or a kabab: Robot delivery. Marble is a 20 person start-up in San Francisco that is building and deploying a handful of robots in a partnership with Yelp. Customers place an order using Yelp’s Eat24 app, which then allows them to opt-in for robot delivery right to their doorstep. Tech giants like Amazon, Alphabet and Uber are also interested in rethinking “last mile” delivery. For example, Marble’s robots are currently accomp

“The general move [in implied tech volatility] is powerful enough to show we went from extreme complacency in tech to rational concern as tech continued to move higher,” he said, also noting that “it’s hard to see other groups step in and provide leadership if tech begins to roll over.” Tech is the top-weighted sector in the S&P 500 and has been the best performer year-to-date with gains of 12 percent. Now it appears traders are worried that fundamentals like big tech earnings won’t support thos

A federal watchdog is investigating whether the Trump administration abused its legal powers when it sought to force Twitter to unmask an anonymous so-called “alt agency” account that has been tweeting criticism of the president. In response, Twitter sued the Trump administration, claiming it was trying to stifle free speech — and federal officials quietly withdrew their request. It also confirmed in writing to Wyden that it would not try to determine the identify of that anonymous Twitter user.

The Galaxy S8 and Galaxy S8+ are capable of supporting HDR video from Amazon, which means they’re running some of the highest quality content, including movies and TV shows, with technology that’s typically only reserved for high-end TVs. Sure, you could go for the normal Galaxy S8, but it also has a smaller battery. In my tests, I found the battery life of the Galaxy S8+ to be much better. On T-Mobile, for example, the Galaxy S8+ costs $850, or a full $100 more than the standard model. Check ou

Federal Reserve’s Stanley Fischer discussed his views on the market and deregulation in an exclusive wide-ranging interview Friday on CNBC’s “Squawk on the Street.” When asked about the White House’s financial deregulation plans: “I want to say something about Dodd-Frank and about the financial crisis. This is serious business,” Fischer said. “We seem to have forgotten that we’ve had a financial crisis, which was caused by behavior in the banking and other parts of the financial system. Millions

An Australian social media platform is looking to lure new parents away from Facebook and Instagram. Sydney-based Tinybeans markets itself as a secure way for protective parents to digitally document their children’s lives amid a growing clamor for greater internet privacy. Unlike most social media channels, users on Tinybeans own the images and videos they upload, CEO Eddie Geller told CNBC’s “Street Signs” on Friday. “Those moments you’re adding to Facebook, Instagram, and those generic platfo