CNBC’s Jim Cramer breaks down what bear investors are getting wrong about the stock market and why the bulls have prevailed. The “Mad Money” host sits down with Norwegian Cruise Line CEO Frank Del Rio for an interview on the company’s newest addition to its fleet of ships. Later in the show he defends CEO
Month: November 2019
China could start rolling out its digital currency as early as the next two to three months, predicted the managing partner of an investment firm backed by Foxconn Technology Group. China has developed a framework called the Digital Currency Electronic Payment or DCEP, according to Jack Lee, managing partner of HCM Capital. That would allow
With the decade drawing to a close Bank of America has identified 10 important investing themes to watch over the next 10 years. Underpinning the list is the tectonic societal shifts that the firm anticipates will play out over the next decade. The firm said that the coming decade will be “unlike any before it”
If you’re on Medicare, the cost of your coverage for doctor’s appointments and other outpatient services is about to rise. The standard monthly premium for Medicare Part B will be $144.60 for 2020, up $9.10 from $135.50 in 2019, the Centers for Medicare & Medicaid Services announced Friday. The annual deductible for Part B will
Getty This might be the most asked question I receive. My typical response to this question is there are as many good reasons as bad reasons to file early, and, there are as many good reasons as bad reasons to file later. This article is written for single people who have never been married and
Private first-floor garage. StreetEasy via Nest Seekers Attention Little Monsters: A massive downtown Manhattan townhouse once rented by Lady Gaga is on the market for $17.99 million. The 11,000-square-foot, five-bedroom, 12-bath mansion at 347 W. 17th St. in Chelsea was built in 1920 but was recently gut-renovated, and Mother Monster is reportedly the only person
Share to facebook Share to twitter Share to linkedin The billionaire investor and Shark Tank host didn’t hold back. Steven Ferdman/Getty Images Topline: Famed investor and Shark Tank host Mark Cuban became the latest billionaire to criticize Elizabeth Warren’s proposed wealth tax in a series of tweets over the weekend, calling her the “smartest of
Hill Street Studios | Getty Images Generation Z may be the first generation to have grown up with cellphones and laptops, but that doesn’t mean they’ll do their holiday shopping online. The young generation is less likely than millennials and Generation X to shop online, according to a report from The NPD Group based on
J.P. Morgan Chase CEO Jamie Dimon should have defended his 2018 $31 million compensation during his recent “60 Minutes” interview, CNBC’s Jim Cramer argued Monday. Dimon, in an interview that aired Sunday on the CBS show, was asked if his pay package last year was too high. Dimon sharply responded that the board of directors
Patek Philippe Grandmaster Chime Source: Christie’s A one-of-a-kind Patek Philippe watch sold for $31 million at a charity auction in Geneva, making it the most expensive wristwatch ever auctioned. The steel Patek Philippe Grandmaster Chime Ref. 6300A-010 smashed the previous record for an auctioned watch — the $17.7 million fetched in 2017 for the Rolex
Traders work after the opening bell at the New York Stock Exchange (NYSE) on August 15, 2019 at Wall Street in New York City. JOHANNES EISELE | AFP | Getty Images Earnings in 2019 are setting a low bar to clear in 2020, paving the way for stocks to continue their record-setting rally, according to
There’s an expense lurking down the road for many retirees that is largely unpredictable but likely: long-term care. With premiums soaring on insurance policies designed to cover that cost, financial advisors are turning to a variety of other strategies to help clients prepare for a day when they might need help with daily living activities
Holiday shoppers at the Time Warner Center in New York. Scott Mlyn | CNBC You’ve likely heard the pitch, “Would you like to apply for a store card?” as you’re making purchases. Many times, you should just say no to that offer, new research shows. That’s because many stores will try to lure customers with
U.S. military veterans are a force to be reckoned with on the battlefield — and in business. Many choose entrepreneurship as their career after returning from service, equipped with a cadre of unique leadership and time-management skills. Currently they own about 2.5 million small businesses in America in a host of industries, according to the
Singles Day is more than a shopping extravaganza, it is reflective of a demographic trend … [+] transforming society, retirement & entire industries. Getty It’s the biggest shopping day on the planet. Alibaba alone chalked up $38 billion in sales for 2019. No, it’s not a religious, patriotic holiday, or even the one time biggest
One only needs to go back in time a little over ten years, to the Great Recession of 2008, to understand the relationship between the health of and machinations about the residential real estate market, on the one hand, and the overall health of the domestic economy, on the other. Which brings us to the
A business woman checks her smart phone while getting a ride on a moto taxi in downtown Nairobi, … [+] Kenya. Getty Martin Hearson, the international tax program lead at the International Center for Tax and Development, discusses how the OECD’s work on taxation of the digital economy affects developing countries. Read the podcast transcript
A large fracking operation becomes a new part of the horizon with Mount Meeker and Longs Peak looming in the background on December 28, 2017 in Loveland, Colorado. Helen H. Richardson | Denver Post | Getty Images Oil is a “broken barometer” and a “lagging indicator of Middle East stress,” according to Helima Croft, managing
Pro-democracy protesters hold banners as they march during a rally ahead of Hong Kong Chief Executive Carrie Lams annual policy speech outside of Central Government Complex on October 16, 2019 in Hong Kong, China. Anthony Kwan | Getty Images Pro-democracy protests have hurt the Hong Kong economy, but the chief executives of two major banks
SpaceX founder Elon Musk reacts at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an uncrewed test flight to the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, March 2, 2019. Mike Blake | Reuters Tesla founder Elon Musk has fired
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