In a series of tweets, the president addressed an unusual controversy stemming from a speech Thursday that New York Fed President John Williams delivered.Marketsread more
Four members of the House Armed Services Committee, including ranking member Rep. Mac Thornberry, R-Texas, said moving forward with the contract was critical to U.S. national...Technologyread 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
Walmart is making further organizational changes to further integrate its store and digital operations and leadership, according to a memo obtained by CNBC that was sent by...Retailread more
George Nader helped arrange a January 2017 meeting in the Seychelles between Erik Prince and the head of Russia's sovereign wealth fund, who reported directly to Vladimir...Politicsread more
"I'm not hearing people blame the Fed as much as they're blaming tariffs," says CNBC's Jim Cramer.US Economyread more
Earlier, Williams said in a speech that "it's better to take preventative measures than to wait for disaster to unfold."The Fedread more
Gold has been on fire this year and some investors think it is poised to do something it has only done twice since World War II.Marketsread more
The University of Michigan's preliminary print on its consumer sentiment index ticked up to 98.4, from 98.2 in June. Economists polled by Refinitiv expected the preliminary...Economyread more
The mega-cap tech stocks that have led much of the record-long bull run have started to lose steam, but investors are still giving them the benefit of the doubt.Marketsread more
Houston, we have liftoff. Fifty years ago, man landed on the moon and McDonald's and a handful of other stocks took off into the stratosphere. Two of them have more fuel in...Trading Nationread more
As if being nominated for the film industry's biggest prize wasn't enough, Academy Award nominees in five categories will receive the annual "Oscar swag bag" — a goodie-bag worth upward of $220,000.
Los Angeles-based Distinctive Assets puts together the bags independent of the Oscars. The bags are known for pricey items like last year's $20,000 worth of "mind control lessons." Nominees for best actor/actress, best supporting actor/actress and best director will receive them Feb. 28.
"To be part of the film industry's biggest night on any level is thrilling," Lash Fary, Distinctive Assets' founder, said in a statement. "We always look forward to introducing standout entertainers to an array of companies with fabulous gifts to share."
The Academy, however, was not too keen about Distinctive Assets' swag bag. The organization filed a lawsuit against Fary on Tuesday, citing trademark infringement and perpetuating a connection between the company and the Oscars, according to the Hollywood Reporter.
"Distinctive Assets' continued use of the Academy's trademarks not only infringes the Academy's trademarks, but it is also likely to dilute the distinctiveness of the Academy's famous trademarks and tarnish their goodwill," the lawsuit states. "Press about the 2016 gift bags has focused on both the less-than-wholesome nature of some of the products contained in the bags ... and the unseemliness of giving such high value gifts, including trips costing tens of thousands of dollars, to an elite group of celebrities."
The swag in this year's bag has a value more than 30 percent higher last year's $160,000 bag.
Among the expensive and obscure gifts are a $1,900 Vampire breast lift treatment, which uses a woman's own blood to improve skin appearance and softness.
Nominees will also receive Haze Dual V3 Vaporizers ($250 each), personalized M&Ms ($300), a Steamist spa package ($5,060), more than $5,000 worth of treatments from 740 Park Plastic Surgery, and a lifetime supply of Lizora Pu-erh Tea Nourishing Cream and Pu-erh Tea Cleansing Bar, a value of $31,200.
Although not a complete list, the swag bag also contains: