A contractor for First Solar Inc. works on construction of the Tenaska Imperial Solar Energy Center South project in Imperial County, California. Sam Hodgson | Bloomberg | Getty Images Check out the companies making headlines after the bell: Dropbox — Shares of the data services company soared 13% during extended trading after the company announced
Month: February 2020
After a solo trip to Las Vegas, I needed some time away from bright lights and late nights. On a friend’s recommendation, I headed into Utah, to the Red Mountain Resort near St. George, about a two-hour drive northeast of Sin City. And I learned there’s a lot to do in Utah than go skiing.
Morgan Stanley’s acquisition of brokerage firm E-Trade has been a long time coming, the investment bank’s chairman and CEO James Gorman told CNBC’s Wilfred Frost on Thursday. “In truth, [conversations] started in 2002,” Gorman said on CNBC’s “Squawk on the Street.” “I called [E-Trade] back then when I was at Merrill [Lynch] because I was
Democratic presidential candidate Michael Bloomberg — whose wealth is estimated at $60 billion — says his tax return is probably thousands of pages long and he can’t use TurboTax to finish it. Most taxpayers don’t deal with such complications. While preparing taxes can be a headache and may involve a lot of pages, using online
Marc Romanelli | Getty Images Small business sentiment is on the rise to kick off 2020, with confidence nearing all-time highs, according to data from CNBC and SurveyMonkey. The CNBC/SurveyMonkey Small Business Confidence Index climbed two points in the first quarter, from 59 to 61, as concerns over trade policy impacts lessened, thanks to a trade
A interview and Q&A with billionaire debt investor and founder of Oaktree Capital Management, Howard Marks. In this interview, Howard discusses the importance of having a margin of safety and why value investing is the superior investment strategy. Howard also talks about market cycles, arguing that investors should be greedy when other are fearful. 📚
2020 Chevrolet Corvette Michael Wayland / CNBC LAS VEGAS – The success of the 2020 Chevrolet Corvette won’t solely be defined by the car’s profits, performance or initial sales, which the company is describing as “unprecedented.” The success of the eighth-generation Corvette will largely rest on whether the mid-engine vehicle can attract a new generation
A Stamps.com promotional image Source: Stamps.com There’s volatility and then there’s Stamps.com. Shares of Stamps.com rallied more than 50% on Thursday after the mailing and shipping services company posted quarterly numbers that blew away analyst expectations. The company reported an adjusted profit of $2.12 per share for the fourth quarter on revenue of $160.9 million.
Houston Texans’ outside linebacker Whitney Mercilus proved his worth this year, recording 48 tackles, 7.5 sacks, two interceptions, four forced fumbles and one fumble recovery. All this has earned the 2012 first-round pick four additional years with the franchise — and a deal worth $54 million, $28.5 million of which is guaranteed. The deal makes
CNBC’s Jim Cramer said Thursday that he found the Democratic debate in Las Vegas difficult to watch as Sen. Bernie Sanders assailed billionaire Mike Bloomberg and the wealthy. “It was painful because your wealth was really under fire last night,” Cramer said on “Squawk Box.” “How did this get to be, that if you’re wealthy
James Gorman, chief executive officer of Morgan Stanley, fixes his jacket during a Bloomberg Television interview on the sidelines of the Morgan Stanley China Summit in Beijing, China, on Thursday, June 1, 2017. Giulia Marchi | Bloomberg | Getty Images Goldman Sachs had plenty of chances to make an offer for discount brokerage E-Trade before
James Gorman, chief executive officer and chairman of Morgan Stanley, speaks during the International Economic Forum Of The Americas (IEFA) in Montreal, Quebec, Canada, on Wednesday June 12, 2019. Photographer: Christinne Muschi/Bloomberg via Getty Images Bloomberg Financial services firms are moving out of their comfort zone. Some of the most recognizable names on Wall Street,
A rally for a $15 minimum hourly wage in New York City in 2015. The city raised its minimum wage to $15 in 2018, while New York State raised its minimum wage to $11.80 in December 2019, and that will increase statewide at the end of 2020 to $12.50. Getty Images Looking for another sign
Sixty-four percent of small business owners approve of the way Donald Trump is handling his job as president, the highest approval rating for Trump among entrepreneurs since CNBC and SurveyMonkey began conducting a quarterly survey in 2017. The spike in approval among small business owners follows a pivotal period for Trump. This CNBC|SurveyMonkey Small Business
A Domino’s Pizza food delivery courier drives a moped away from a Domino’s Pizza store in Hanwell, London. Jason Alden| Bloomberg | Getty Images Domino’s Pizza on Thursday reported quarterly earnings and revenue that topped analysts’ expectations after strong U.S. sales, despite increased competition. Shares of the company soared 17% in premarket trading. Here’s what
Federal Reserve Vice Chairman Richard Clarida doused talk of a rate cut, saying in an interview Thursday with CNBC that he doesn’t think most market participants really expect one or that it is noted. “Market pricing for rate cuts is a little tricky, because there’s market expectations for rates, there also can be term and
Virgin Galactic’s spacecraft Unity flies to its new home in at Spaceport America in New Mexico on Feb. 13, 2020. Virgin Galactic Virgin Galactic‘s monster stock rally in the past few months has taken even bullish Morgan Stanley by surprise, with shares of the company nearing $40. “A modest correction is overdue, and frankly, healthy,
Thanagon Karaket / EyeEm | EyeEm | Getty Images You may be overlooking one retirement investment choice. That’s the ability to put away post-tax money through a Roth individual retirement account. Recent research from TD Ameritrade finds that many individuals are confused when it comes to Roth IRAs. And that means many people are leaving
An interview with billionaire investor and founder of GAMCO Investors, Mario Gabelli. In this interview, Mario discusses his approach to value investing and explains what his favourite investments are and why. Mario also talks about clients, BREXIT and interest rates. 📚 Books by Mario Gabelli are located at the bottom of the description❗ Like if
This is a live blog. Please check back for updates. All times below are in Eastern time. Total confirmed cases: More than 75,200 Total deaths: At least 2,007 12:49 pm: Fed’s Kashkari warns US could feel economic impact from persistent outbreak Minneapolis Federal Reserve President Neel Kashkari warned the U.S. would likely feel economic effects
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