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Yuriko Nakao | Getty Images Today, we’re on the precipice of what could be the largest transformational period in global history. With the first Industrial Revolution, new technologies like assembly lines, factories and transportation fundamentally changed society. This time, instead of cogwheels doing the work, blockchain-based digitalization will continue to drive transactions. Specifically, this latest
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Billionaire global investor Barry Sternlicht said Thursday he’s concerned about the long-term viability of current conditions in the stock market, warning that some aspects feel reminiscent of the dot-com bubble back in the 1990s. “I don’t think we’re having a problem in the stock market near term,” Sternlicht said on “Squawk Box.” “The stimulus is
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Even as cases of coronavirus rise, restoring in-person education remains a top priority for the new administration. On his first full day in office, President Joe Biden released a plan to reopen schools, which includes ramping up testing, accelerating the pace of vaccinations and providing more funding for educational institutions. Under Biden’s plan, schools could tap disaster relief
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Belk department store John Greim | LightRocket | Getty Images KKR, Blackstone and other major lenders to Belk are in talks with the North Carolina-based department store chain to keep it out of bankruptcy, according to a Wall Street Journal report. The company, its lenders and the private-equity firm Sycamore Partners are inching closer toward
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Famed investor Jeremy Grantham on Thursday reiterated his warning that Wall Street is in a bubble as individual traders get “carried away.” “They’re becoming euphoric … They’re borrowing money. They’re trading more shares,” Grantham, co-founder and chief investment strategist at Grantham, Mayo, & van Otterloo told CNBC’s “Squawk Box Asia” on Thursday. In recent months,
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