A file photo of a Barclays ATM machines in London last May. Simon Dawson | Bloomberg | Getty Images Companies around the world need to focus on the economics of supply chains amid uncertainties such as the U.S.–China trade dispute and Brexit — the U.K.’s exit from the trade bloc, said the CEO of Barclays
Month: October 2019
Rachel Robasciotti, CEO of Robasciotti & Philipson in San Francisco, attended the conference where Ken Fisher made his comments on Oct. 8. She spoke out against the remarks. Nathan Phillips Billionaire investor Ken Fisher has made headlines for lewd comments at an investment conference earlier this month. For many women in the financial services industry,
The Federal Reserve just cut interest rates for the third time this year and said it will likely pause from here. That scenario is usually very good for stocks. CNBC used Kensho, a hedge fund analytics tool, to track what happened to the market after the Fed cut interest rates at least three times. In
The Federal Reserve‘s decision to cut interest rates by a quarter point for the third time this year is meant to bolster the economy. Everyday Americans may lose some ground. On the one hand, lower rates often mean cheaper loans, which can impact your mortgage, home equity loan, credit card, student loan tab and car
It’s not always easy to find ways to cut when developing your budget. But there are definitely line items we turn to first. Splurges get axed before any other expense, whether it’s travel or eating out, according to a new survey by credit repair service Lexington Law. What’s often ignored: the low-cost monthly subscriptions. The
Rendering of Hope on Alvarado, a new modular housing concept created by HBG Construction Corp, KTGY … [+] Architecture + Planning, and Aedis Real Estate Group. KTGY Architecture + Planning Los Angeles, Calif. — Slated to open in early 2020, Hope on Alvarado is a pioneering concept in affordable housing created by HBG Steel, KTGY Architecture +
Share to facebook Share to twitter Share to linkedin The Fed indicated it would pause the rate-cutting cycle. Samuel Corum/Getty Images Topline: In a widely expected move, the Fed continued its “mid-cycle adjustment” by cutting interest rates to the 1.5% to 1.75% range on Wednesday, but also indicated that it would pause the monetary easing
Spotify has solved a number of pressing questions that made investors skeptical about owning the stock, CNBC’s Jim Cramer said Wednesday. The music-streaming platform surprised Wall Street on Monday when it recorded a profit including robust subscriber growth in its third quarter, sending the stock up more than 16% that trading day. The stock is
Apple reported fourth-quarter earnings that beat analyst expectations on Wednesday, thanks to strong performance in services and its fast-growing wearables business. Although Apple’s iPhone’s business was down 9% year-over-year, the company signaled that it expected a big holiday quarter, and Apple stock rose over 1% in after-hours trading Here’s how the company did compared with
The Lyft logo is shown on the screen at the Nasdaq offices in Times Square on March 29, 2019 in New York. Don Emmert | AFP | Getty Images Check out the companies making headlines after the bell: Lyft shares climbed during extended trading following the company’s raised full-year revenue guidance and posted better-than-expected earnings
Mary Smyth | Moment | Getty Images For older adults, perhaps nothing is scarier than the prospect of spending their later years in a nursing home. More than 1 in 2 adults aged 50 and over said that they would rather die than live in a long-term care facility, according to a recent survey from
Former Exxon CEO Rex Tillerson said the company tried to understand the impact of climate change, and tried to accurately communicate the impact to shareholders, as he testified on Wednesday in New York during the second week of a trial against the oil giant. The case, brought by New York Attorney General Letitia James, alleges
If you hate paying taxes, at least it’s a reason to pretend you’re glad you never win big in the lottery. So far this year, the 12 winners who have hit Powerball and Mega Millions jackpots — worth an advertised $3.3 billion in all — have collectively fed roughly $505.5 million to the IRS. And
Financial advisors need a succession plan to ensure their clients’, and the industry’s, future. Andrey Popov | Getty Images Learning to expect the unexpected is a time-honored rite of passage for every small business owner. But when unpredictability strikes in the form of a key executive suddenly resigning or, worse, passing away, the fallout can
A regenerative medicine company in Vancouver, British Columbia that focuses on treatments for nerve damage and neurodegenerative diseases announced it will begin Phase 1 studies in early 2020 on a new treatment for Alzheimer’s disease. NervGen Pharma wants to advance its proprietary therapeutic technology platform, currently in development for spinal cord injury and multiple sclerosis
Hotel in Palm Beach Florida Getty Palm Beach Vs. Palm Springs, here’s how much house you can get for $5 million in each playground of the wealthy. You may be surprised that a beautiful expansive home in Palm Springs is practically a bargain compared to Palm Beach. Palm Beach long the bastion of old
We are entering the giving season when the majority of charitable donations are made. Most affluent individuals make charitable donations, but the vast majority continue to simply pay cash. That’s the most expensive and inefficient possible method to benefit their charitable causes. It’s easy to write a check or pull out your credit card, but
Traffic in Los Angeles Barry Lewis | Getty Images President Donald Trump, General Motors, Toyota and Fiat Chrysler are holding us all hostage to a dying planet. Four major automakers — Ford, BMW, Honda and Volkswagen — entered into a voluntary compromise agreement with California to limit emissions across the country, recognizing that it is
A customer rides his bike in front of a Taco Bell restaurant in Novato, California. Justin Sullivan | Getty Images Taco Bell’s parent company Yum Brands reported quarterly earnings on Wednesday that fell short of analysts’ expectations. Shares of the company were flat in premarket trading. Here’s what the company reported compared with what Wall
Chile said it’s calling off the Asia Pacific Economic Cooperation summit in Santiago in mid-November. President Donald Trump and Chinese leader Xi Jinping were scheduled to meet at the summit to discuss a possible “Phase One” deal that the two countries are close to finalizing. The cancellation was due to protests, according to Chile President
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