(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) Investors lately have been heeding that classic bit of advice for writers: “Kill your darlings.” Rather than a writer deleting his most cherished but overwrought passages, investors are ditching some of the
Month: November 2019
A button for launching the Netflix application is seen on a remote control in this photo illustration in Warsaw, Poland on April 25, 2019. Jaap Arriens | NurPhoto | Getty Images Netflix needs a cheaper streaming option to survive the streaming wars, according to Needham. The firm said the streaming platform needs advertising dollars to
Many people don’t worry about retirement until a looming number acts as a lightbulb. In 2017, Wendy Mays was in her mid-40s and at the tail end of adopting several young children. “I was very scared,” said Mays, a former criminal defense attorney in San Diego who has a podcast on financial independence for families.
Mature couple doing family finances at home. Senior couple discussing home economics sitting at … [+] table. Happy couple sitting at home planning household financials. Getty I recently illustrated the dangers of trusting the Dividend Aristocrats to take care of your retirement needs. Their average yield of 2.4% is a fraction of what you’ll need
Until very recently, the national commercial real estate conversation was focused primarily on “the big six” cities: Boston, Chicago, Los Angeles, New York, San Francisco and Washington, D.C. These so-called 24-hour cities offered the best investment opportunities and therefore attracted the most attention. Today, though, the conversation has changed. Investors are looking beyond the big
DES MOINES, IA – AUGUST 10: Former mayor of New York City, and Everytown for Gun Safety founder, … [+] Michael Bloomberg speaks during a forum on gun safety (Photo by Stephen Maturen/Getty Images) Getty Images Whatever else they do, the wealth taxes proposed by senators and Democratic presidential hopefuls Elizabeth Warren (D-MA) and Bernie
Google hired David Feinberg from Geisinger Health, a system of hospitals based in Pennsylvania, toward the end of 2018 and put him in charge of a newly created division called Google Health. But the company has remained quiet about the division’s scope and goals. Now he’s beginning to talk publicly about his plans, and appeared
Chinese President Xi Jinping (R) and US President Donald Trump at the Great Hall of the People in Beijing on November 9, 2017. Nicholas Asfouri | AFP | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) After nearly
The global art market was valued at $67.4 billion in 2018, the second highest year ever. The United States, United Kingdom and China are the three largest art markets. They account for 84% of the global market, with the U.S. capturing over half of that. Auction houses are one of the biggest drivers of the
A Delta Air Lines jet taxis beyond parked Southwest Airlines planes at McCarran International Airport September 12, 2005 in Las Vegas, Nevada. Ethan Miller| Getty Images Here are the biggest calls on Wall Street on Friday: Citi initiated Delta Airlines & United Airlines as ‘buy’ Citi initiated several airline stocks and said it liked Delta’s
Meb Keflezighi, of the United States, reacts after winning the 118th Boston Marathon, April 21, 2014. John Tlumacki | The Boston Globe | Getty Images When Meb Keflezighi ran his first competitive race in the seventh grade, his motivation was simple: to get a t-shirt for his school’s running club that his older brothers also
A forensic review of the endangered mine workers pension should be undertaken immediately. Workers and retirees deserve answers and once the Pension Benefit Guaranty Corporation takes over the plan, it will be too late. The bankruptcy of Murray Energy, America’s largest private coal mining company has coal workers “nervous and scared” for their pensions,
When faxes first came in I was still working primarily as an agent, and they seemed like magic. A … [+] document which, in the past, would have been mailed or hand-delivered was suddenly available almost instantaneously. What could be better? Getty The fax machine transformed our business. At first, I thought that was great.
Most multinationals expect that public country-by-country reporting will become a reality within the next few years — even if politicians can’t yet agree on the proposals. Getty In surveys conducted in 2018 and 2019, Deloitte (which has been tracking business reactions to base erosion and profit-shifting initiatives) found that over 75 percent of multinational respondents see public CbC
Farmer walks through his soy fields in Harvard, Illinois. Nova Safo | AFP | Getty Images Farm bankruptcies in September surged 24% amid a perfect storm created by President Donald Trump’s trade war with China and Europe, slumping commodity prices, and a year of unfavorable weather. This August, the USDA reported that more than 19.4
Dryden Pence, chief investment officer at Pence Wealth Management. Source: Pence Wealth Management (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) There are several approaches to investing in capital markets that have yielded strong returns. For Dryden Pence, the backbone
Matt Bonner #15 of the San Antonio Spurs reacts against the Miami Heat during Game Five of the 2014 NBA Finals at the AT&T Center on June 15, 2014 in San Antonio, Texas. Andy Lyons | Getty Images SAN ANTONIO – Retired San Antonio Spurs forward Matt Bonner didn’t do any research when he and
An employee passes the Google logo. Carsten Koall/Getty Images Democrats and Republicans don’t agree on much these days, but their mutual distrust of big tech stocks poses an underappreciated threat to companies like Google and Facebook, according to Goldman Sachs. And while the Department of Justice and the Federal Trade Commission already announced investigations into
When it comes to renovating your home, the last thing you want is surprises. So before you start swinging a hammer, it’s important to take steps that can help you avoid costly blunders, according to Drew and Jonathan Scott, the stars of HGTV’s “Property Brothers.” “[The] No. 1 common mistake that so many people make
Getty This past summer, Next Avenue published “Retiring on a Shoestring,” about a newly retired couple trying to live well on a limited budget. It hit a nerve with readers. But even though it’s not easy to live large on savings, some retirees are enjoying the extras of retirement. They’re getting deals on travel, dining