A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard said the British tanker, Stena Impero, failed to follow international maritime rules.World Newsread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
"You need to understand that we're about to embark on the busiest week of the year for industrial earnings," CNBC's Jim Cramer says.Mad Money with Jim Cramerread more
Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can...The Fedread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
Trump's constant berating of the Fed and its actions does not influence the central bank's decisions, Boston Fed's Eric Rosengren says.The Fedread more
The lawsuits allege J&J's talc-based baby powder contained asbestos and caused ovarian and other cancers.Health and Scienceread more
Executives from United Airlines and American Airlines were "shocked" that state-owned airline Qatar Airways CEO Akbar Al Baker was also invited to the meeting, according to a...Airlinesread more
J.C. Penney on Friday afternoon issued a statement responding to a report that the embattled department store chain had hired advisors to explore debt restructuring options,...Retailread more
Online home-rental marketplace Airbnb is one of three firms being considered to provide additional rooms for the 2016 Summer Olympic Games in Rio de Janeiro, as the city scrambles to accommodate visiting fans and athletes, three sources with direct knowledge of the situation told Reuters.
An Olympics contract would be a significant step into the mainstream for Airbnb, which allows home owners to rent their properties on a temporary basis. The company has become one of Silicon Valley's most successful start-ups in the five years since it was founded by a trio of graduates from the Rhode Island School of Design and Harvard.
It would also potentially be the first time a major sporting event turned to the general public, and their extra rooms, to solve a short-term spike in demand for accommodation. By contrast, in London for the 2012 Olympics some home owners faced potential fines for renting their properties during the Games.
Airbnb declined to comment.
The two other short-listed firms are AlugueTemporada and Hotel Urbano.
Accommodation in Rio has long been a concern for the International Olympic Committee and it was singled out again as an area where progress needed to be made by Nawal El Moutawakel, IOC Coordination Commission Chairperson, at a news conference in Rio on Wednesday.
Speaking at the same conference, Carlos Nuzman, president of the Local Organising Committee, said Rio already had 36,000 of the 40,000 or so rooms it needs for the Olympics. But he added that the committee was working to secure more accommodation.
"We might be in a position in which we can offer much more than forecast and the additional supply could reach 18,000, half of the total amount we have at the moment," Nuzman said.
Partnering with a company such as Airbnb could also help to provide more economic options for visiting fans. The football World Cup, held in Brazil in 2014, was criticized for the cost of accommodation, particularly in Rio where the final was played.