Chris Christie has been sentenced to two years in prison for his role in a political revenge plot involving traffic jams at the country’s busiest bridge. He was convicted in November for his role in lane closures near the George Washington Bridge, which links New Jersey and New York City. A prosecution witness testified the plot was to punish a mayor who didn’t endorse the Republican governor. Baroni was a top Christie appointee to the Port Authority of New York and New Jersey, which operates th

The company also is adding 211,000 vehicles to a 2015 recall to replace faulty door latches. The expansion brings the total from the 2015 recall to nearly 757,000. Door latches have been a major problem for Ford vehicles during the past three years, resulting in investigations by the National Highway Traffic Safety Administration and recalls of over 3 million vehicles. The company says it’s unaware of any crashes or injuries involving the vehicles added to the 2015 recall. Last year door latch r

White House press secretary Sean Spicer on Wednesday outlined the Trump administration’s possible next steps on health-care policy and defended the House Intelligence Committee chairman’s actions amid concerns about his independence from the White House. House Republicans and President Donald Trump have said they will seek a new proposal after their first health-care legislation attempt failed last week, though they have not committed to a firm timeline. Nunes admitted to meeting with a source o

U.K. Prime Minister Theresa May took questions from Parliament Wednesday and addressed the House regarding the triggering of Article 50, the clause in the Lisbon Treaty which began the formal process of the U.K. exiting the European Union. CNBC has all you need to know about Article 50 and the Brexit process as well as a round up of how the U.K. media is covering the historic event.

[The stream is slated to start at 11 a.m., ET. Please refresh the page if you do not see a player above at that time.] Samsung hosts an Unpacked event in New York, when it plans to unveil its newest Galaxy smartphone.

Though the exact value of China’s spending on its space programs remains shrouded in secrecy, many analysts peg its civilian space budget at around $3 billion annually in recent years, a fraction of the $19.3 billion the United States allocated to NASA in 2016. Prior to 2003 China — whose space program dates back to the 1950s — had never put an astronaut (a “taikonaut” in Chinese nomenclature) into orbit. In the years since, it has moved rapidly toward parity with space powers like Russia and th

AI, robots and automation could replace humans in the food services industry “by the mid [2020s],” Yum Brands CEO Greg Creed told CNBC on Tuesday. The Yum executive says his company, which owns several fast-food restaurant brands, including Pizza Hut, KFC and Taco Bell, has already set up automated kiosks in Shanghai, China. In one case a Pizza Hut customer is greeted by a robot, he said. “I’m not sure we’re going to have robots replace people.” Creed told CNBC he disagrees with Mnuchin and beli

Fixing Uber’s culture and image has become a top priority for the privately held company, which is valued at nearly $70 billion. Ms. Hornsey, a former executive at Google, has also moved into the hot seat. Along with resources, Ms. Hornsey has embarked on a “listening tour” with employees who wish to share grievances. “We have to build more trust with our employees, and transparency will build that trust,” Ms. Hornsey said of the report. That skewed the development of the organization into somet

The move could hurt revenues and profit margins for Cisco’s switching business, the company’s largest business segment by revenue. The risk is that customers will simply buy Cisco’s software without the higher-margin hardware, and use cheaper boxes instead. In the fiscal year ended July 30, 2016, Cisco’s switching segment booked $14.7 billion in revenue, 36 percent of the company’s total. Like all legacy technology vendors, Cisco is under pressure from cloud providers and software-based infrastr

Taiwanese manufacturer Hon Hai Precision Industry could be a big winner in Apple’s supply chain in the next round of iPhones expected to be launched later this year, according to investment bank JPMorgan. The newest iPhone model reportedly will boast a series of upgraded specifications including OLED display and a larger screen size that experts say could create a “super-cycle ” for Apple. This, along with better average selling price, should help Hon Hai’s market share in iPhone assembly to sta

Facebook is doing all that it can to take every last feature from Snapchat and build it into either Instagram or Facebook Messenger. In its latest move, it’s adding all sorts of features into Facebook Messenger including camera effects, a new option called “Facebook Direct” and Facebook Stories.” These are all clear rip-offs of, respectively, Snapchat Filters, Snapchat Snaps and Snapchat Stories. This is far from the first time Facebook has blatantly ripped off Snapchat in an effort to wound the

President Donald Trump swept into office pledging to get American factories up and running again. “We will follow two simple rules: buy American and hire American,” the nation’s 45th President said during his inauguration speech. This means that all significant parts and processing that go into the product must be of U.S. origin, with “no — or negligible — foreign content,” according to the FTC rules. But for technology start-ups, producing a high-tech device in the U.S. without any foreign cont

If history is any guide, retail stocks should lead a gain in the U.S. stock market over the next week and month after March’s consumer confidence reading blew past the Wall Street consensus Tuesday morning. The Consumer Confidence Index for March was 125.6, according to the Conference Board, compared with the 114 level expected by economists polled by FactSet. The beat was more than two standard deviations higher than the average surprise. Using hedge fund analytics tool Kensho, we looked at wha

A daily morning look at the financial stories you need to know to start the day. STOCKS/ECONOMY-Stock futures are flat this morning after stocks finished just a bit lower Monday. Later this morning we get the Case Shiller home price data. -Americans paid a record $540 billion in property taxes in 2016. OIL/ENERGY-President Donald Trump will sign an executive order today to roll back many Obama administration emissions policies.

President Donald Trump will try to pass tax reform and an infrastructure spending package at the same time this year, according to a report from Axios that’s got Wall Street buzzing Tuesday. The president wasn’t expected to tackle infrastructure until next year, but now it appears he would like to pair it with tax reform in a splashy, bipartisan comeback from the health-care bill defeat, which has weighed on markets. Wall Street is ready with plays for clients on how to invest in Trump’s buildin

Apple shares can rise substantially if the company innovates in new product categories and significantly increases its capital return program to investors, according to UBS, which reiterated its buy rating on the smartphone maker. For the stock to reach $200 by fiscal year 2019 “we assume strong growth in the ‘other hardware’ category as investors underestimate Apple’s potential in wearables and the Ambient Paradigm begins to take hold,” analyst Steven Milunovich wrote in a note to clients Tuesd

Another leading company in this category, already gaining traction in schools, is Wonder Workshop. It brings coding to life by teaching kids to program its robots with any device. “These robots are actually very affordable for the teacher,” said Wonder Workshop CEO Vikas Gupta. Wonder Workshop’s technology is only possible because of the ubiquity of devices like iPads in the classroom and smartphones at home. The company leverages Bluetooth technology and the computing functions of tablets to ke

Technology has the potential to be a game changer for teachers in far-flung places and schools with few resources. A range of software platforms offer teachers the ability to learn from best practices, customize lesson plans, manage assignments and complete evaluations. It’s not just schools using this technology. Its Brightspace software platform incorporates big data to help teachers manage their teaching as well as messaging and grading. It’s used by more than 700 clients and 8 million studen

With a little work, you can make sure your children are self-confident, self-reliant and built for success. Always encourage your kids with their dreams, and never discourage them from dreaming big. The more you talk about success, model being successful and encourage them to dream about success, the more you’ll place in your kids the hope and drive to make success happen in their lives. To do this, of course, you need to define what success is to you and your family. Since success really can be

Mired in scandal over possible political ties to Russia, President Donald Trump took to Twitter Monday night to turn the blame to his former political adversary Hillary Clinton. Rattling off a list of the Clintons’ ties to Russia, Trump raised a widely debunked pay-for-play allegation that Clinton personally profited from a 2009 Uranium deal with Russia during the Clinton-led State Department’s “reset” campaign to soften relations with the country. During this same period, a Russian investment b