The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Samsung Electronics Co was sued on Friday by a Florida man who said he suffered severe burns after his Galaxy Note 7 smartphone exploded in his front pants pocket.
The lawsuit by Jonathan Strobel may be the first in the United States by a Samsung phone user against the South Korean company over a battery defect linked to the Note 7.
It was filed one day after Samsung recalled about 1 million Note 7s sold in the United States.
Samsung has received 92 reports of batteries overheating in the United States, including 26 reports of burns and 55 reports of property damage, U.S. safety regulators said.
"We don't comment on pending litigation," Samsung spokeswoman Danielle Meister Cohen said in an email. "We are urging all Note 7 owners to power their device down and exchange it immediately."
Strobel, 28, of Boca Raton, said he was in a Costco store in Palm Beach Gardens on Sept. 9 when his Note 7 exploded.
He said the phone burned directly through his pants, resulting in severe burns on his right leg.
Strobel said he was also severely burned on his left thumb, after he reached over to try to remove the phone from his pants.
"He has a deep second-degree burn, roughly the size of the phone, on his right thigh," Strobel's lawyer Keith Pierro said. "Unfortunately for my client the recall came too late."
The lawsuit seeks unspecified damages for medical bills, lost wages, pain and suffering, and other alleged injuries. It was filed in a Florida state court in Palm Beach County.
The case is Strobel v Samsung Electronics America Inc et al, Florida Circuit Court, 15th Judicial District, Palm Beach County.