Former FDA Commissioner Dr. Scott Gottlieb speaking at the Healthy Returns conference in New York City on May 21, 2019. Astrid Stawiarz | CNBC Scott Gottlieb, who stepped down as Food and Drug Administration Commissioner in April, will join Pfizer‘s board of directors, the company announced Thursday. Gottlieb resigned from the agency this spring after
Month: June 2019
NEW YORK, NY – APRIL 24: Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell, April 24, 2019 in New York City. U.S. stocks started the trading day mixed, following Tuesday’s closing record highs for the S&P 500 and Nasdaq. Drew Angerer | Getty Images
Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) ahead of the closing bell, June 21, 2019 in New York City. Drew Angerer | Getty Images Check out the companies making headlines after the bell: Shares of several major financial firms rose in extended trading after news that they
Bernard Weil | Toronto Star | Getty Images Planet Fitness’ affordable and inclusive business model is working for the stock and will drive future growth, according to Raymond James. Raymond James initiated coverage on Planet Fitness with an outperform rating and a 12-month price target of $80, betting that the the gym’s unique business structure
Aimstock | Getty Images A measure under consideration in Congress could have big implications for how you view your Social Security statements. The bill, called the Beneficiary Education Tools, Telehealth, and Extenders Reauthorization Act of 2019, or BETTER Act, includes a provision that would reinstate mailed Social Security statements. Since 2012, the Social Security Administration
The virtual currency of Facebook Libra is a worthy effort but not the reason to invest in Facebook. Getty Facebook has started its own currency, the Libra. Bitcoin proved that you can create a currency without any government involvement although its wild price swings have kept it from being widely used. Facebook can give its currency the scale needed to achieve a
12 Hicks Lane in Sands Point Steven Bababekov of TourFactory “The Stars and Stripes Forever” and other cherished marches from American composer John Philip Sousa will be heard across the country on the Fourth of July next week, so what better place to watch fireworks than from the lawn of his Long Island estate? Sousa,
Digital economy. Getty The G20 leaders are currently meeting in Japan to discuss closer economic cooperation, including in the domain of digital trade. At the preparatory G20 meeting of finance ministers earlier this month a notable progress was made towards an agreement on the reform of the international corporate tax framework. The proposed changes would lead
SpaceX launches its Falcon Heavy rocket for the STP-2 mission. SpaceX SpaceX is raising yet another round of funding, a month after completing its second fundraising of the year. The latest round, filed on Monday, seeks to raise $314.2 million at a price of $214 a share, according to a document seen by CNBC. The
A pedestrian crosses the street in front of a Rite Aid Corp. store in Los Angeles, California. Patrick T. Fallon | Bloomberg | Getty Images Shares of Rite Aid seesawed premarket trading Thursday on disappointing quarterly earnings results as the drugstore chain struggles to prove itself as an independent company. Rite Aid lost 99.3 million,
Morgan Stanley CEO James Gorman said that China and the U.S. must come to a truce in its trade dispute because a full-blown trade war would be devastating for the global economy. “We can’t have a trade war,” Gorman said in an interview Thursday with CNBC’s Wilfred Frost. “It will have a devastating effect to
David R. Weinreb CEO of The Howard Hughes Corporation. David Grogan | CNBC The Howard Hughes Corporation, an owner, manager and developer of different types of real estate throughout the U.S., has hired bankers at Centerview Partners to explore strategic alternatives that include a sale of the company, according to people familiar with the situation.
John Lund/Marc Romanelli | Getty Images It’s no secret that Americans are staying on the job longer, or returning to work after retiring. In some cities, though, the 65-and-older crowd is more of a presence in the workforce than others. To identify where those older workers are clocking in the most, retirement community operator Provisional
President Donald Trump greets well-wishers after arriving at Des Moines International Airport, en route to a campaign fundraising dinner in Des Moines, Iowa, June 11, 2019. Kevin Lamarque | Reuters President Donald Trump’s popularity with the general public has been wobbly but his standing with business continues to be strong. Small business owners in particular
There’s a particular period when your retirement plan is at the highest risk of being derailed by market forces outside your control. Anyone’s plan can be upset at any time by overspending, bad investment decisions, and other personal actions. But there’s a particular time when retirees and pre-retirees are especially vulnerable to adverse market forces.
Share to facebook Share to twitter Share to linkedin This new fixer upper mortgage product from Freddie Mac can be used for major renovations, even natural disaster repairs and prevention. Photographer: Eric Taylor/Bloomberg BLOOMBERG NEWS Mortgages may be on the pivot again. They have made it through a period of tight lending conditions all the
(Photo by Getty) Getty Retirees have a difficult challenge on their hands, which is to replace the income they will no longer receive from a paycheck. Social Security helps in this regard, as does a pension for those who have one. But many retirees will still face an income shortfall, cautions Ben Reynolds, a contributor to
U.S. stock index futures were higher Thursday morning, amid hopes the world’s two largest economies could soon reach a truce in their protracted trade war. At around 02:10 a.m. ET, Dow futures rose 66 points, indicating a positive open of more than 72 points. Futures on the S&P and Nasdaq were both seen slightly higher.
Sanjay Mehrotra, CEO, Micron Technology Scott Mlyn | CNBC Shares of memory and storage company Micron rose more than 7% after-hours Tuesday after the company beat analysts’ expectations for its fiscal third quarter of its 2019 earnings. Here are the key numbers: Earnings: $1.05 per share, excluding certain items, vs. 79 cents per share as
People using their mobile phones on July 17, 2016 in Surakarta, Indonesia. Solo Imaji | Barcroft Media | Getty Images Indonesian e-commerce platform Bukalapak has expanded into five overseas markets in Asia since its founding in 2010 — and the Middle East could be next, the company’s co-founder said Thursday. Bukalapak is one of the
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