Rex Tillerson is out as Secretary of State and CIA director Mike Pompeo is in. President Trump made the announcement in a tweet on Tuesday morning just minutes after a report in the Washington Post was published. Tillerson disagreed with the White House on a number of issues such as the Iran nuclear deal and the best approach to talks with North Korea. Gina Haspel will became the new CIA director once Pompeo becomes Secretary of State. She is the first woman to ever serve in this role.
Meanwhile, President Trump issued an executive order blocking Broadcom's hostile takeover bid for rival chipmaker Qualcomm. Trump cited national security concerns as the reason for interfering with the acquisition. Many experts speculate this is part of growing concerns over China's influence in mobile technology. Qualcomm is the largest mobile chipmaker in the U.S. Broadcom is currently based in Singapore but is moving its headquarters back to the states next month.
Olympic gold medalist and author Scott Hamilton joins us to talk about his figure skating career and his new book. In his book, "Finish First," Hamilton talks about how winning and losing has shaped him as a person. He also opens up about his numerous health struggles in the past few decades. Hamilton is a cancer survivor and is currently living with a brain tumor.
Plus, Kristen Scholer sits down with Brooklyn Decker and Whitney Casey at SXSW to talk about their start-up Finery. The two recently secured $5 million in seed funding for the online wardrobe company. Decker and Casey discuss the future of artificial intelligence and how the technology could potentially play a role in their company soon.
Apple has rolled out an update to its operating system this week with a feature called Stolen Device Protection. It makes it a lot harder for phone thieves to access key functions and settings, and users are being urged to turn it on immediately.
The U.S. economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and frustrating price levels.
Alan Becker, CEO and Investment Adviser Representative at Retirement Solutions Group and RSG Investments, shares his thoughts on the latest GDP data plus why he's not sold cryptocurrency as a long-term asset.
The Biden administration wants to ban another type of bank “junk fee," targeting fees that are typically charged by banks when a transaction is declined in real time.
Al Root, senior writer at Barron’s, breaks down everything expected from Tesla’s earnings report, from Elon Musk’s demands from the board to why the market has been looking for affordable EV options.
Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce. The announcement follows similar moves by other tech companies that ramped up hiring during the pandemic while people spent more time and money online.
Tony Drake, CFP at Drake and Associates, LLC shares thoughts on whether the record gains in technology will broaden to other sectors, the risks of the Fed keeping interest rates higher for too long, and the health of the U.S. consumer.
