A Chinese and U.S. flag at a booth during the first China International Import Expo in Shanghai, taken on taken on November 6, 2018. Johannes Eisele | AFP | Getty Images Beijing called Washington’s potential restrictions on U.S. investments in China “the latest attempt at a decoupling,” in a Global Times piece published on Sunday.
Month: September 2019
People walk past a board with the logo of Bitcoin in a street in Yerevan, Armenia September 9, 2019. Anton Vaganov | Reuters This has been a tough week for bitcoin. The world’s first and largest cryptocurrency plunged more than 20% over seven days, hitting a low of $7,757 Friday — its lowest level since
If you want to know where the wealthy prefer to put their money, you might be surprised to find out it’s in cash. A Capgemini report found that cash surpassed equities for high-net-worth individuals as their No. 1 asset class in the first quarter of 2019. The reason: market uncertainty. In North America, those wealthy
KUALA LUMPUR (Sept 27): The FBM KLCI drifted lower in early trade Friday and remained below the 1,600-point level as investor sentiment stayed tepid as Malaysian bonds were kept review for a downgrade by index provider FTSE Russell. FTSE Russell said on Thursday that Malaysian bonds, which were on review for a downgrade that would
Pedestrians cross a street in front of a Rite Aid store in Oakland, California. David Paul Morris | Bloomberg | Getty Images Rite Aid’s stock surged by more than 11% on Thursday after the pharmacy chain reported better-than-expected earnings under new CEO Heyward Donigan. Overall sales, however, fell short of analysts’ forecasts for its fiscal
A San Francisco-area police department says it still has full faith in a pilot program to use a Tesla electric patrol car, even though the vehicle reportedly ran low on power last week during a pursuit. The East Bay Times newspaper reported that a Fremont police officer in the Tesla Model S, which the department
Arianna Huffington speaks onstage in “Digital Detox” on day 2 of POPSUGAR Play/Ground on June 10, 2018 in New York City. Brian Ach | Getty Images Entertainment | Getty Images When Arianna Huffington spoke at a women’s conference hosted by Alibaba and its co-founder Jack Ma, she wasn’t expecting career advice from Ma himself. It
Stephane de Sakutin | AFP | Getty Images Credit Suisse just joined a slew of analysts worried about Netflix‘s earnings. Shares of the streaming video giant turned negative for the year this week, prompting many Wall Street analysts including KeyBanc and Pivotal Research Group to sound the alarm on Netflix’s future. Credit Suisse on Wednesday
People walk past a Nike store in New York. Carlo Allegri | Reuters Check out the companies making headlines after the bell: Shares of Nike hit an all-time high, surging more than 5.5% during extended trade, following strong first-quarter earnings. CEO Mark Parker credited the earnings beat to product innovation and stronger e-commerce business. The footwear
CNBC’s Jim Cramer on Monday told investors to beware the hyped-up IPOs these days like WeWork and Uber with overly ambitious mission statements that don’t accurately reflect their actual businesses. “How about Peloton? Do we want shares of Peloton? See, here’s what I think happens [with unicorns]. First we think Uber is a platform, then
Sen. Elizabeth Warren’s proposed wealth tax may create a new incentive for rich couples to divorce to avoid the tax. In a recent analysis of the Democratic presidential candidate’s signature tax, Harvard economist N. Gregory Mankiw said that because of the nature and structure of the tax, ultra-wealthy couples could split their fortunes in half
Oliver Furrer | Cultura | Getty Images You don’t have to be a hedge fund guru to discuss alternative investments with your clients, yet it doesn’t hurt to get educated. It’s no secret that portfolio diversification protects investors from the whims of the stock market, blunting the volatility you get in equities by including an
Democratic presidential hopefuls in partnership with Univision at Texas Southern University in Houston, Texas on September 12, 2019. Frederic J. Brown | AFP | Getty Images Student loan borrowers have reason to pay close attention to the 2020 presidential campaign. Many of the Democratic presidential candidates have detailed plans to address what increasingly is called
KUALA LUMPUR (Sept 20): A reform of the civil service pension scheme has been studied for years but left on the backburner for fear of upsetting a sizeable vote bank. Yet the painful reform that could cost the Pakatan Harapan government the next election is necessary and overdue. “We are paying pension to wives and
Senior Sales Staff Mark Warner shows a bump stock installed on an AR-15 rifle at Blue Ridge Arsenal in Chantilly, Virgina. Jim Watson | AFP | Getty Images Colt will suspend production of AR-15 rifles for civilian sales, saying there’s an “adequate supply” of the high-powered weapons already in the market, the famed gun manufacturer
Check out the companies making headlines before the bell: General Mills – The food producer beat estimates by 2 cents a share, with adjusted quarterly profit of 79 cents per share. Revenue came in short of forecasts, however. General Mills said it saw improvement in North American retail sales and in its pet unit, although
TransferWise co-founders Taavet Hinrikus and Kristo Kaarmann. TransferWise Financial technology firm TransferWise booked a profit for the third year in a row, a rare show of growth for an industry littered with start-ups that have struggled to break even. The London-based company said on Wednesday that its net profit after tax climbed to £10.3 million
Bill Gates Chesnot/Getty Images Bill Gates is not taking a defensive approach with his billions of dollars of wealth. The founder of Microsoft added $16 billion to his net worth this year, despite giving away over $35 billion to charity, according to Bloomberg. That brings Gates’ total wealth to $106 billion, the second largest fortune
A woman fuels her SUV at an Exxon Mobile gas station in Chicago. Getty Images Oil prices are surging and if history is any guide, a handful of stocks are going to outperform the market over the next week. Drone attacks on Saudi Arabian oil facilities over the weekend forced the kingdom to cut its
RgStudio | E+ | Getty Images You can get 50,000 bonus miles or a $100 statement credit. How about free checked bags or rental insurance? Sound good? Well, have we got a card for you. So goes the irresistible sales pitch of sexy rewards and perks that many credit card issuers make to an American
This past week, the Recording Industry Association of America (RIAA) released its mid-year report. It showed that 80% of the of music industry’s revenue comes from streaming, but it also showed that revenue from sales of vinyl records is on track to overtake that of compact discs by the year’s end, should current trends continue.
AirAsia Group Bhd has long had a tumultuous relationship with its landlord, Malaysia Airports Holdings Bhd (MAHB). Both companies have clashed in the past over issues related to klia2, ranging from its location, cost and facilities to delays in its completion. But the feud has escalated of late because of differences over the passenger service
Ms. Monopoly game. Source: Hasbro The typical 8-year-old probably doesn’t know much about the gender pay gap. Now the topic could come up if she or he plays the new game, Ms. Monopoly. Some critics are skeptical, however, of how helpful those conversations will be. Toymaker Hasbro announced this week the rollout of the board
Apple‘s iPhone extravaganza is still the biggest product event of the year for a simple reason: The iPhone remains the single most successful hardware product of the PC era. So what happened this week? Three new iPhones were announced: The iPhone 11, 11 Pro and 11 Pro Max. A new Apple Watch with a screen
T. Boone Pickens, BP Capital Management Scott Mlyn | CNBC Magnates and friends of prominent wildcatter T. Boone Pickens remembered him fondly in comments to CNBC following his passing. Pickens died Wednesday of natural causes at age 91. Billionaire investor Warren Buffett told CNBC’s Becky Quick on Thursday that “they grow big personalities in Texas,
Petri Oeschger | Moment | Getty Images One of the best ways financial advisors can bolster their credibility and reach potential clients is available for free. It’s called social media. However, merely joining Twitter and Facebook won’t cut it, according to Dasarte Yarnway, founder of Berknell Financial Group in San Francisco. He shared his views
It’s a debate that typically comes up when discussing whether to delay Social Security benefits: Will that result in less total money over your lifetime? The longer you wait on those retirement checks — up until age 70 — the larger the monthly payments you’ll receive. That’s why experts generally advise you to hold off,
Still from Warner Bros.’ “It: Chapter 2.” Warner Bros. “It: Chapter Two” wasn’t able to scare up more ticket sales than the first installment of Warner Bros. two-part adaptation of Stephen King’s famed novel, but it did manage to have the second-highest horror movie opening of all time. The film, which takes place 27 years
Westend61 | Westend61 | Getty Images Chad Chubb, a certified financial planner, walked a 66-year-old client through four premium increases on her long-term-care insurance policy. In all, the retiree, who is single, has seen her annual premiums rise by more than 60% over the last six years. Her cost in 2018 was $2,721, up from
The testimony of Datuk Amhari Efendi Nazaruddin, the former special officer to Datuk Seri Najib Razak, at his 1Malaysia Development Bhd (1MDB) trial was the most explosive so far, with revelations of secret missions to China to get bailout money in return for billion-dollar rail and pipeline contracts. Low Taek Jho or Jho Low is
