Two years ago, Facebook CEO Mark Zuckerberg announced a renewed focus on communities and its Groups feature, boasting that it would help create a more “meaningful” social infrastructure. It worked. Last month, Zuckerberg told investors that “hundreds of millions” of users reported belonging in “meaningful groups,” up from one million in 2017, when the company
U.S. hedge fund Tiger Global Management has sold all of its stake in British bank Barclays, according to a report by the Financial Times. The New York-based hedge fund had been one of the top 10 investors in Barclays and held a stake of 2.5 percent in the bank. It, however, started reducing its position
The two far-right eurosceptic groups among the eight in the current parliament would see their share rise to 14 percent from 10 percent, despite the loss of Brexit campaigners the UK Independence Party. That reflects gains for Italy’s League, adding 21 seats, Germany’s AfD, gaining 11, and Marine Le Pen’s French National Rally, which would
Global growth is expected to slow in the coming months, but Asian economies could hold up reasonably well, thanks to several “mitigating factors,” according to the chief executive of Southeast Asia’s largest bank. “The overall macro-economy will be a tad bit slower, but I do think that there are some mitigating factors: Monetary policies are
Markus Matzel | ullstein bild | Getty Images Attendees walk the floor at IDEX, the International Defence Exhibition and Conference, in Abu Dhabi in 2015. The United Arab Emirates announced about $1.35 billion in defense deals with local and international companies on the opening day of IDEX 2019, the International Defence Exhibition and Conference, in
Mariotti pointed to a number of strong film releases as one reason that Funko is set for a stellar year. This year, the company will have figures tied to “Captain Marvel,” “Avengers: Endgame,” “Spider-Man: Far From Home,” “Frozen 2,” “It 2,” “Star Wars: Episode IX,” “Star Wars: The Mandalorian,” “Aladdin,” “Men in Black International,” and
David Paul Morris | Bloomberg | Getty Images Exhibitors ride in a 1922 Hispano Suiza H6B Chapron Splendid Landaulet motor vehicle during the 2016 Pebble Beach Concours d’Elegance in Pebble Beach, California, on Sunday, Aug. 21, 2016. But it will be back at the Geneva Motor Show in the form of the all-terrain concept. Though
Trade talks between the U.S. and China appear to be making some progress and are scheduled to continue in the coming week. That has helped lift stocks, with the S&P 500 up 2.5 percent and the Dow gaining 3 percent in the past week. The Federal Reserve’s about-face on policy in January has also helped
“There’s a number of things attractive about renewables, besides the low carbon part of it. Prices are coming down to historic lows, and it makes sense from a price perspective,” said Daniel M. Kammen, professor of energy, UC Berkeley and former science envoy for the U.S. State Department. The price to generate solar power has
Still, most consumers don’t check the interest rates on their savings accounts, and that can cost them. According to the FDIC, the average savings account rate is a mere 0.09 percent or even less at some of the largest retail banks. Online banks pay 10 or 20 times that. “With inflation at 2 percent, earning
Are tech titans about to enter the world of ETFs? Given that Alibaba’s Ant Financial Group is already the world’s largest money market fund, Dave Nadig from ETF.com says it’s not such a far-out idea. As investing becomes more automated, tech companies like Amazon, Apple and Alphabet could bring their expertise to an industry stymied
Still, there are questions about how fully aware young investors are about where and how their money is being allocated — particularly as apps like Stash and Acorns effectively sweep spare change into ETF investments. “Some robo-investing apps give you an overview of sector,” said Libatique. “But you have to dig deeper to review the
Money manager Douglas Gordon is worried about a potentially widespread problem in long-term investors’ portfolios. Gordon, who’s instrumental in building Russell Investments’ asset allocation strategies, believes many investors haven’t rebalanced their portfolios to reflect the historic 2019 stock market rally. According to Gordon, the market rally’s robust gains are tilting investors too far into stocks.
NBA Commissioner Adam Silver is flattered by the reports that the NFL and Fortune 500 companies are interested in recruiting him for future leadership positions. That said, he has a message for those indulging in the speculation: He’s not going anywhere. “I love my job at the NBA,” he told CNBC on Saturday. “The NBA
A new corporate accounting rule is about to pull an estimated $3 trillion out of the shadows. Starting this year, companies are required to record the cost of renting assets used in their operations, such as office space, equipment, planes and cars, on their balance sheets rather than bury that expense in the footnotes of
Saddle River’s municipal tax rate has gone down six years in a row, said Dr. Al Kurpis, mayor of Saddle River and a dentist at Kurpis Center for Advanced Dentistry in nearby Ridgewood. Even still, residents have access to top-quality police force and public schools, according to Kurpis. The borough, which has money to spare
A representative of the United States government said Saturday that it would not help Saudi Arabia develop nuclear technology without guarantees that it would only be used for civilian purposes. Saudi Arabia has put the U.S. on a shortlist with China, Russia and others to bid for nuclear power projects in the country. Washington sees
Since I have been thinking and writing about how investors benefit from experience, a commodity of which I have significant quantity, I decided to review some other factors that might influence our investment results. That led to consideration of whether arguing with my partners about stocks has improved or hampered results. Even if I came
Investors are often told that uncertainty is inevitable. No risk, no reward. Well, for those whose stomachs harden at the unknown, there’s some good news. A growing number of tools prepare you for the threats lurking around the market, from a trade war to climate change, by letting you test them out on your investments
Bloomberg | Bloomberg | Getty Images Southwest Airlines Co. planes stand on the tarmac at San Francisco International Airport (SFO) in San Francisco, California, U.S., on Friday, Jan. 19, 2018. Southwest Airlines Co. is scheduled to release earnings on January 25. Photographer: David Paul Morris/Bloomberg via Getty Images Southwest Airlines told its mechanics on Friday
Investors can trust that Nvidia’s stock has bottomed following its upbeat earnings report for a few key reasons, CNBC’s Jim Cramer said Friday after the chipmaker’s shares gained 1.82 percent. The first is CEO Jensen Huang’s own outlook for his industry, which he put quite simply on the post-earnings conference call: “The world needs more
The Walt Disney Co.: “Don’t sell Disney yet. [CEO] Bob Iger’s doing an amazing job. I don’t know about this next couple of quarters. He’s got to do this big transition with the over-the-top. But I think, long term, you want to own Disney very badly.” American Superconductor Corp.: “I think it’s been too hot,
CVS: Cramer said this will be one of the most critical shareholder calls to come this earnings season. As Amazon makes a foray into health care, CVS has aimed to bolster its competitive stance with its acquisition of health insurer Aetna. It’s a part of the company’s strategy to change focus from a brick-and-mortar franchise
Payless ShoeSource will begin to close its U.S. stores on Sunday, a spokesperson for the shoe retailer told CNBC in a statement. The retailer will begin liquidation sales for its U.S. stores on Feb 17. It is also winding down its e-commerce operations. It expects all stores to remain open until at least the end
Shares of toy maker Mattel plunged more than 15 percent on Friday after the company posted weaker-than-expected full year 2019 guidance during an analyst meeting in New York. The company said it expects adjusted EBITDA to be in a range of $350 million to $400 million for 2019, below analysts expectations of $551.6 million, according
Famed short-seller and Democratic donor Jim Chanos plans to support former vice president Joe Biden if he runs for president in 2020. “Like many other Americans, I certainly hope Vice President Biden decides to run in 2020. If he does run, I fully expect to support him any way I can,” Chanos said in a
Most CEOs would not balk at the idea of Apple buying their company. But Epic Systems CEO Judy Faulkner is not like most CEOs. In January, CNBC’s Jim Cramer suggested that Apple should consider buying Epic, one of the largest private health IT companies in the world. The move would help Apple convince customers and
Check out the companies making headlines midday Friday: XPO Logistics – XPO stock tanked a whopping 12.7 percent after the transportation company reported disappointing fourth-quarter results. Its earnings came in eight cents shy of estimates with adjusted quarterly profit of 72 cents per share, and the company’s revenue also fell short of expectations. XPO also
In order to take customer deposits in the United States, a company needs federal deposit insurance. It’s an elite club that is not eagerly looking for members. “It’s very difficult, if not impossible for a nonbank to get an account with the Fed,” said Amias Gerety, partner at QED Investors and a former acting assistant
Marcy Maloy | Photodisc | Getty Images More than half of Americans think about retirement at least four times per week, according to a new survey. It’s no secret that for most retirees, Social Security is an important part of their income. Exactly how much varies from individual to individual — and, apparently, from city
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