Uber CEO Dara Khosrowshahi, third from left, attends the opening bell ceremony at the New York Stock Exchange, as his company makes its initial public offering, Friday, May 10, 2019. Richard Drew | AP Uber’s underwriters, led by Morgan Stanley, were so worried the company’s initial public offering had run into trouble, they deployed a
Month: May 2019
How you should prepare for retirement has a lot to do with whether you grew up listening to The Beatles or Bon Jovi. Experts say you’ll typically need at least $1 million saved for retirement, and sometimes more. A new report from the Wells Fargo Investment Institute, titled “Reimagining Retirement, ” offers tips to the
Founders: Rob Frohwein (CEO), Kathryn Petralia (President), Marc Gorlin Launched: 2009Headquarters: AtlantaFunding: $489 millionValuation: $1.2 billion (PitchBook)Key technologies: Artificial intelligence, cloud computing, machine learningIndustry: Credit, financial services, lending Small businesses are continuously touted as the lifeblood of the U.S. economy, but it doesn’t seem like the big banks know that. Getting a loan from any
Americans have a problem with retirement confidence. The problem is that they’re too confident about their retirement finances. More retired Americans than ever are confident they will be able to live comfortably in retirement, but many of them could be fooling themselves. The percentage of retirees who are confident they’ll be able to live comfortably
New York Stock Exchange MaxPixel In reviewing Pinterest’s S-1 IPO filing, I noticed something unusual: Ben Silberman, founder and CEO, had 31.2 million vested and unexercised stock options in his company. While those options on IPO day would be worth a fortune of roughly $750 million, they would also likely carry a tax bill $150
Despite interest rates sinking to 14-month lows earlier this year, overall mortgage originations dipped over the first quarter of the year—and pretty significantly. According to the latest data from the Federal Reserve Bank of New York, mortgage originations fell to $344 billion for Q1 2019, down nearly $60 billion from last quarter and the poorest-performing
The CEOs of companies with outsized exposure to China are anticipating that the United States will escalate trade tensions even further by extending tariffs to more Chinese products, CNBC’s Jim Cramer said Tuesday. Though President Donald Trump’s trade strategy is “flawed,” a 25% tariff on all Chinese imports could force the country to change its
Jeffrey Gundlach Jin Lee | Bloomberg | Getty Images DoubleLine CEO Jeffrey Gundlach warned investors Tuesday that the U.S. is unequipped for recession as it becomes increasingly strapped by debt. “Any thoughtful person would be concerned,” the so-called “bond king” said in a webcast. “It’s sounding like a pretty bad cocktail of economic risk, and
Ethan Brown, founder and CEO of Beyond Meat, prepares to ring the opening bell to celebrate his company’s IPO at the Nasdaq Market site in New York, May 2, 2019. Brendan McDermid | Reuters Shares of Beyond Meat, which makes plant-based meat substitutes, surged more than 14% on Tuesday, adding to their stellar start in
Comstock Images | Stockbyte | Getty Images People who have trouble focusing see an optometrist. Those with back pain perhaps visit a chiropractor. Similarly, individuals in unique financial situations, who earn money in a special way or belong to a specific social group may have considered consulting not only one of the nation’s 300,000 or
Jamie Grill | Image Bank | Getty Images Recent market volatility is shining a spotlight on equity funds, but make sure you don’t overlook the risks hiding in the “stable” part of your 401(k). Generally, investors think of bonds as a safe corner of their portfolio, offsetting the day-to-day dramatic movements you might see in
Congress is on the verge of passing legislation that could lead to millions of small business employees get workplace retirement savings plans for the first time, two key Senators said Photo credit: Associated Press Congress is ready to boost the access for millions of small business employees to workplace savings plans, two key Senators said today.
Cargo ships berth at a port in Qingdao in China’s eastern Shandong province on May 8, 2019. Photo credit:STR/AFP/Getty Images) AFP/Getty Images President Trump’s increases in tariffs on imported goods from China and elsewhere are effectively reversing a big chunk of the 2017 Tax Cuts and Jobs Act. For many low- and middle-income consumers,
ShopPremiumOutlets.com will operate similar to a marketplace open to brands that are tenants of Simon Premium Outlets Simon Property Group Recently, Simon Property Group’s CEO David Simon told analysts on a post-earnings conference call “I think most of the bad news is behind us,” referring to store closures and retail bankruptcies. “But I can’t guarantee
Prosecutors in Tokyo asked a judge for permission to remove one of the key financial misconduct charges facing former Nissan Chairman Carlos Ghosn, an allegation that he diverted company cash to a Saudi friend. The move came on the same day that Japan’s second-largest automaker announced its 2018 fiscal earnings had plummeted to their lowest
The logos of QQ Music, Kugou and Kuwo are seen on the screen of an iPhone on June 12, 2018 in Paris, France. QQ Music, Kugou and Kuwo are the three streaming Chinese music services owned by Tencent. Chesnot | Getty Images China’s Tencent Music Entertainment Group said it had started charging for more of
Shoppers pass the Christmas lights and Coca-Cola truck in Liverpool city centre. Peter Byrne | PA Images | Getty Images Check out the companies making headlines midday Tuesday: Coca-Cola — Coca-Cola rose 2% after Morgan Stanley upgraded the company to overweight from equal weight. Morgan Stanley said it raised Coke’s valuation because the company’s current
Niklas Halle’n | AFP | Getty Images Democracy and capitalism are being threatened by growing economic inequalities in both the U.S. and the U.K., new research warned on Tuesday. The report, from the Institute for Fiscal Studies (IFS), was published as the organization launched a wider review into inequality around Britain, which will be chaired
Mark Cuban, billionaire investor and owner of the NBA’s Dallas Mavericks, told CNBC on Tuesday that Uber’s disappointing initial public offering last week was “not a surprise” because the ride-hailing company waited too long to go public, losing the momentum early companies typically have. “It’s not a growth company,” Cuban said in a phone interview
Sprinklers water the lawns of a housing development in Hesperia, California. (Photo by David McNew/Getty Images) David McNew | Getty Images News | Getty Images You probably have a rough idea of how much energy and water your home uses, based on your utility bills. But new technologies aim to turn the tables, letting you
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