There’s Trumpcare prices, and then there’s Obamacare prices. California will let health insurers submit two different sets of rate request for their individual health plans for 2018 because of continued uncertainty over the fate of Obamacare, the Golden State’s insurance commissioner said Friday. That uncertainty has led to fears that insurers will raise prices sharply to account for potential changes to the Affordable Care Act. Insurers who sell plans in California — whose individual market is

Tax reform will take time to work through the legislative process, but there is a “very, very high” likelihood it will get passed this year, Rep. Tom Cole, R-Okla., told CNBC on Friday. An outline of President Donald Trump’s plan was unveiled Wednesday. Cole said whether or not he voted for Trump’s plan depends on if he thought it would generate enough growth in a reasonable period to pay for itself. Trump’s plan resembles aspects of the tax ideas he campaigned on last year. Watch: Former OMB Di

By stock market standards, President Donald Trump has been a smashing success in his first 100 days and in the days following his election. The more than 11.4 percent gain since Election Day also ranks third, behind the same two presidents—John F. Kennedy and George H.W. “Tax reform, regulatory relief and infrastructure spending — that’s the big three the market was taking away from the Trump election.” S&P 500 performance in first 100 days, and election through 100 DaysSource: CFRA, data as of

President Donald Trump has promised voters his administration’s policies will quicken the pace of U.S. growth to three percent a year or more. Even if his administration hits that target for the national economy, some states will likely continue to be left behind. The latest government data Friday shows just how much work the Trump administration faces if it hopes to fulfill its growth target. The U.S. economy grew at its slowest pace in three years in the first quarter of this year, held back b

Right now, Gates stands as the most likely candidate to reach that milestone. If his investments keep doing as well as they have, the 61-year-old billionaire could indeed become the world’s first trillionaire. But if Bezos’ wealth continues to rise at the same clip, he could very well reach trillionaire status first. Their fellow billionaire Mark Cuban has another prediction for who will first cross that finish line: entrepreneurs working with artificial intelligence. Don’t miss: This is how Jef

A Connecticut man who was charged with murdering his wife — after police built a case based, in part, on the victim’s Fitbit data — pleaded not guilty on Friday. The 39-year-old computer technician had a pregnant girlfriend and had promised her he was getting a divorce, the warrant says. “I’ll see you tomorrow my little love nugget,” he wrote in a text message to the woman the day before the murder. He also called about his wife’s $475,000 life insurance policy five days after she was killed. In

The National Security Agency says it will no longer collect certain communications moving on the internet simply because they mention a foreign intelligence target. The move is being applauded by privacy advocates. The agency says it will now limit such collection to internet communications sent directly to or from a foreign target. The NSA says the change reduces the chance of sweeping up communications of U.S. citizens or others not involved in direct contact with a foreign intelligence target

Lockheed Martin is being awarded a $1.38 billion defense contract for 130 F-35 Lightning II aircraft, the Pentagon said on Friday. The advance acquisition contract covers long-lead time materials, parts, components and work for low-rate initial production of the fighter jets for the Air Force, Navy, Marine Corps, non-U.S. Department of Defense participants and foreign military sales customers, the Pentagon said in a statement. Watch: Inside the F-35

Stock investors were ultimately rewarded by the Reagan administration, which followed through on its promises with major deregulation of industries such as telecommunications, among others. But those returns were sharply curtailed by the crash of 1987, which wiped out more than 25 percent of the market’s value in a week. The biggest market rally for a change in administration followed the swearing-in of Lyndon Johnson after the assassination of President John F. Kennedy in November 1963, which s

North Korea test-fired a ballistic missile on Saturday in local time, but the missile exploded soon after launch, U.S. officials told NBC News. One official told NBC that the U.S. had warning of the test and watched it closely. Saturday’s missile test comes as the United States reconsiders its strategy in dealing with the isolated nation. Earlier in April, North Korea conducted a missile test a day after the country held a military parade celebrating leader Kim Jong-un’s grandfather, Kim Il-sung

Apple and other major corporate earnings could boost stocks in the week ahead, but it’s the jobs report Friday and other economic data that may ultimately matter most. So far the stock market has ignored the economic data misses and focused instead on this quarter’s super-strong earnings. “It is very important to observe the economic data next week, the point being that the consumer sentiment index actually declined a little bit. Earnings, earnings, earningsBy the end of the coming week, most S&

President Donald Trump said on Friday that the United States should be able to boost gross domestic product growth far beyond its current levels over time. “I really believe it,” Trump said in an interview with Fox News. “We’re saying 3 (percent) but I say 4 over the next few years. And I say there’s no reason we shouldn’t be able to get at some point into the future to 5 and above.” Last year the U.S. economy grew 1.6 percent, it’s worst performance since 2011.

After three of the biggest cloud providers — Amazon, Microsoft and Google — all reported their first-quarter growth on the same day, researchers have crunched the numbers on cloud market share. And despite growing 93 percent from a year ago, Microsoft’s Azure hasn’t made a dent in Amazon’s share of the $10 billion cloud market, according to Synergy Research. Amazon’s AWS held steady at 33 percent of the worldwide market share of cloud infrastructure service providers in the first quarter, accord

Twitter CEO Jack Dorsey reasserted his love for his company by saying he bought more than 574,000 shares in the company late Friday afternoon. The CEO said he has purchased 1 million shares in the company so far this year. Twitter posted much better than expected earnings this week, with revenue at $548 million versus a Thomson Reuters consensus estimate of $511.9 million. Monthly active active users climbed to 528 million, while daily active users increased 14 percent. However, despite the seem

The “Mad Money” host said that with the federal government funded through the next week, investors can finally relax and gear up for yet another earnings-filled agenda. Maybe numbers come down, maybe that’s your chance,” the “Mad Money” host said. Apple: Expectations are sky-high for the tech titan’s after-the-bell earnings report, and Cramer thinks they are justified. The “Mad Money” host credited the company’s execution for the rise, saying that it has outperformed Starbucks in terms of stemmi

Cramer explains what Amazon and Alphabet want you to get from their earnings reports 6 Hours Ago | 07:28Amazon then erased doubts about their ability to execute by reminding investors about their massive cash flow. “It remains one of the greatest stock stories ever told,” Cramer said. They talked about how their search engines help local businesses and about their cloud operations, which compete with Amazon Web Services and Microsoft Azure. With Alphabet’s foray into the cloud still in its early

The “Fast Money” traders debated whether to stick with high performing technology and healthcare stocks or take a chance with financial and energy names in the stock market, following President Donald Trump’s first 100 days. Since Trump’s inauguration, the financial and energy sectors lagged behind other areas, despite high expectations for the industries with Trump’s policies. Trader Dan Nathan said he likes large-cap technology names like Apple because of the Trump administration’s push for re

As the busiest week of earnings season came to a close, Cramer breathed a sigh of relief despite Friday’s mild pullback caused by a weaker-than-expected GDP number. On Monday, Advanced Micro Devices reports earnings, and after shares of competitor Intel slid on its earnings miss on Thursday, Cramer is unsure that even the best of earnings reports from this chipmaker will garner a positive market reaction. Aside from Apple, Tuesday will bring an earnings report from health-care retailer CVS, wher

Two years ago, former venture capitalist Bipul Sinha had 25 developers working on his new start-up Rubrik, aiming to revolutionize the boring data back-up space. Rubrik now has 330 employees and Sinha said the company has just raised $180 million at a $1.3 billion valuation in an investment round led by Institutional Venture Partners. Lightspeed Venture Partners, Sinha’s former employer and the initial investor in Rubrik, raised a separate $95.5 million pool of cash, according to an SEC filing o

Big tech didn’t deliver on everything Wall Street wanted Thursday night — but that didn’t stop investors from handing $27 billion to Amazon, Microsoft and Alphabet combined. That added more than $30.6 billion to Alphabet’s Class A market capitalization, $14.2 billion to Amazon’s market capitalization, and $6.7 billion to Microsoft’s market cap, reaching about $52 billion. Alphabet and Microsoft had market caps of about $636 billion and $529 billion, respectively, according to FactSet. Either way