Someone needs to tell House Intelligence Committee Chair Devin Nunes to stop digging. Nunes later acknowledged he had no such evidence and apologized for personally briefing top White House officials about the supposed information before speaking to the rest of his committee. [House] Speaker [Paul] Ryan must insist that Chairman Nunes at least recuse himself from the Trump-Russia investigation immediately. But as every new twist of the Trump wiretapping scandal has shown, that type of assurance

Shares of Darden Restaurants jumped more than 6 percent Tuesday, a day after the company posted better-than-expected fiscal third-quarter earnings and said it would buy Cheddar’s Scratch Kitchen. According to Darden, Cheddar’s has seen revenue growth of 12 percent to 15 percent in the last 10 years. Cheddar’s same-store sales were “outperforming the industry,” but Lee declined to provide a more specific growth rate. On Monday, Darden also revised its 2017 same-store sales outlook to an expected

Mexico’s peso and stock market apparently do well when President Donald Trump does not. The peso, supported by Mexican central bank rate hikes, has also been rising in lockstep with the Mexican stock market. Crushed after Trump won the presidential election, the currency has been rebounding and is now up just about 6 percent against the dollar in March alone, a top performer against the greenback among the world’s major currencies. Trump has ordered a wall to be built on the Mexican border, is r

Prakken said a proposed bill in the Senate would limit immigration, reducing it to roughly half the 1.1 million immigrants who arrived in 2015. He said over time, that could dent the secular growth rate of 2 percent by about a quarter point. “The effect gets bigger over time because the Census assumptions for immigration keep growing and and growing and growing, and the bill would not allow any growth,” he said. In its forecast in future years, the Census Bureau shows immigration growth well abo

The world’s biggest money manager has faced active stock fund withdrawals and the revamp is its biggest attempt yet to engineer a turnaround. Among the changes, BlackRock is removing some seven traditionalist “Fundamental” portfolio managers from their current assignments, according to a source familiar with the matter. The company will also cut fees on some products that are being rebranded as an “Advantage” series of lower-cost active funds. Much of the company’s active stock franchise is from

The impact of artificial intelligence (AI) on society will be “positive”, Twitter Chief Executive Jack Dorsey told CNBC on Tuesday, who also offered to help the U.S. government prepare for the impact of the technology if it wasn’t prepared. AI has received a mixed reception in the technology community even as companies strive towards developing it. Even Google founder Sergey Brin noted recently that he was “surprised” by the pace of advancements in AI but ultimately welcomed it. Other leaders su

Facebook has taken its most aggressive steps yet to counter Snapchat’s popularity among teens. Over the last year the company has duplicated a number of features that Snapchat made famous, including Instagram Stories, which lets users compile multiple annotated photos into a narrative story that disappears, and a very similar basic camera interface. But this morning, Facebook unveiled three new features that essentially finish the job:Facebook Camera Effects = Snapchat Filters: According to a b

The lawsuit, filed by the California Civil Rights Law Group, said while Lambert worked at the Oakmont plant between the summer of 2015 and the spring of 2016 he was subjected to “continuous” abuse. Lambert himself described working at the plant as a “dream job that turned into a nightmare.” The complaint alleges that Tesla failed to properly investigate the issue or subsequently take action to protect Lambert. Tesla, in a statement released Tuesday, rejected the accusation that it did not proper

The personal finance site analyzed the expenses of a baby’s first year in two sample households — one with a $40,000 annual income and one with a $200,000 income — to illustrate how families with different resources might cope with all of the expenses associated with a bundle of joy (including food, housing, transportation, diapers and health care). In both cases, expectant parents, including those currently pregnant and those planning to have a child in the next three years, dramatically undere

Investors should sell shares of L Brands because the company will report earnings below Wall Street expectations in the coming year, according to Jefferies, which reiterated its underperform rating on the specialty retailer. “Our data-driven analyses show the PINK brand is peaking, further cracking the VS monopoly. “We see risks at LB owing to increased competition and pricing compression as VS’s core business is changing.” L Brands is the owner of Victoria’s Secret and Bath & Body Works. The co

Traders who have ridden gold higher over the past few months might want to think about cashing out. So far this year, gold has climbed 9 percent, nearly doubling the performance of the S&P 500. “I would be selling into the strength on gold.” Nick Colas, chief market strategist at Convergex, is of a similar mind. However, one strategist think that future political uncertainty could make the metal a better pick than equities.

After Trump’s presidential victory, materials stocks, financials and small caps all surged. And over the past week, the “Trump portfolio” fell to the lowest level since the week of the election. The weakness in this theoretical portfolio comes after Republicans failed to pass a bill repealing the Affordable Care Act. Consequently, it makes sense that stocks that saw a huge surge following increased expectations after Trump’s win would see fit to slip. “I do think the ‘Trump trade’ will reignite

Cramer Remix: Why Hostess could be too risky for your taste 19 Hours Ago | 01:21Hostess Brands may be floating along well so far, but Jim Cramer is worried about this consumer foods play for a host of reasons. And while Cramer has nothing against private equity practices, some of them could endanger the interests of Hostess’ public shareholders, he added. “That’s why my takeaway here is simple: if you like Hostess, I bet you’ll love Flowers Foods, FLO, a pure-play bakery company and the owner of

Jim Cramer rang the lightning round bell, which means he gave his take on caller favorite stocks at rapid speed:Pfizer: “Well, Pfizer’s kind of sitting there. They need to do a deal, they need to split up or buy someone. We do like the fact that Klaus Kleinfeld split the company up and created a lot of value, though.” Because it’s either going to go to $50 or it’s going to go to $9. Mad Money Twitter – Jim Cramer Twitter – Facebook – Instagram – VineQuestions, comments, suggestions for the “Mad

General Mills is an international giant, meaning its numbers rely in part on the direction of the U.S. dollar. Following that, Williams decided to track General Mills’ stock alongside the Dollar Index. That chart indicated that the dollar’s moves actually predict where General Mills shares will go five months later. But if General Mills sees a turnaround, its 3.25 percent yield could make it an attractive buy, or an interesting takeover target for Kraft Heinz. “The charts … suggest that the be

Cramer’s take on how this beauty stock could climb to $100 19 Hours Ago | 09:51In the analyst note, JPMorgan argued that Estee Lauder is well positioned for growth as it is in a secular industry. The analyst note argued that concern about store closures are overblown, and that retailers like Macy’s shutting down underperforming locations actually benefits Estee Lauder by cutting expenses. Cramer disagreed about the concern surrounding brick-and-mortar retailers, but he saw how specialty cosmetic

Cramer: Why it might be time for you to unfollow @POTUS 19 Hours Ago | 12:15″Perhaps it’s time to unfollow the president and stay focused on the facts,” Cramer said. And to Cramer, the facts are simple: “Some stocks just refuse to roll over and play dead.” Cramer applauded Red Hat for its best earnings report in history, and cited a UBS note on Apple’s promise that sent the stock upward. The consumer’s cruising and eating out and generally having a jolly old time,” Cramer said. Mad Money Twitter

Gene Munster, who was Piper Jaffray’s widely followed Apple analyst before leaving to launch Loup Ventures, said Tuesday on CNBC’s “Power Lunch” that such a move could well be in the cards. For these two reasons, the next several months should be “clear sailing for Apple investors,” Munster said. Looking forward, Wald forecasts that the stock’s break above its prior $90 to $135 range “measures to $180.” By this logic, after trading in a $45 range, the stock will move $45 above $135. Interestingl

My roommate and I would stumble down the streets of NYC at five in the morning and talk about anything and everything our brains could handle. (As for why we decided to wake up at dawn, it was because our third roommate didn’t think we could do it. We’d see the world wake up, right in front of us. But I never forgot just how empowering it felt to be awake before the rest of the world had even wiped the sleep from their eyes. So, I set one resolution this year: Every morning, I will wake up at 5

The dollar also got a boost from Chicago Fed President Charles Evans, who said he was in line with most of his colleagues in supporting further rate hikes this year. Evans is known as one of the Fed’s most consistent supporters of low interest rates. Investors saw it as an indication Trump was likely to have difficulty with other parts of his agenda including tax reform and fiscal spending that are likely to increase U.S. inflation. Those fears may have been overdone, analysts said, and with Fed