SpaceX’s Crew Dragon capsule splashed into the Atlantic Ocean after completing its test flight for NASA. NASA TV LOS ANGELES — SpaceX is in the final stages of developing the capsule it will use to launch astronauts, a project that has commanded the company’s resources and even finances over the last few years. Known as
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The state of Michigan has pulled $600 million of its pension fund from wealth management company Fisher Investments after the company’s founder and CEO Ken Fisher made sexist comments at a summit in San Francisco this week. At the Tiburon conference, Fisher compared his wealth management strategy to picking up women for sex, made explicit
Chinese President Xi Jinping (R) and US President Donald Trump attend their bilateral meeting on the sidelines of the G20 Summit in Osaka on June 29, 2019. Brendan Smialowski | AFP | Getty Images President Donald Trump has the upper hand in the China trade war because tariffs are hurting the Chinese economy way more
President Donald Trump speaks after announcing and initial deal with China while meeting the special Envoy and Vice Premier of the People’s Republic of China Liu He at the Oval Office of the White House in Washington, DC on October 11, 2019. Nicholas Kamm | AFP | Getty Images After a partial trade deal, what’s
Fidelity Investments has joined its rivals by offering zero-commission online trades, but it’s trying to differentiate itself by not selling the right to execute trades to third-party firms, brokerage executive Kathleen Murphy told CNBC on Friday. “We do not take payment-for-order-flow on equity orders,” said Murphy, president of Fidelity’s personal investing business. “Many competitors do
Fidelity clients saving for retirement are starting to move some money out of stocks in the recently volatile market, the brokerage’s personal investing president told CNBC on Friday. “The average investor that doesn’t trade a lot that’s really looking to save for their retirement — we have millions of customers like that — we’ve seen
President Donald Trump meets with China’s President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lemarque | Reuters A slimmed-down trade deal, stalled talks and a “fluid” situation are just some of the conflicting reports that have surfaced this week as the
CNBC’s Jim Cramer is warning against trading stocks on the roller coaster of U.S.-China headlines as the two countries restarted high-level talks aimed at ending their 15-month-old trade war on Thursday. Markets are “hostage to events that are not only totally out of our hands, but I think totally out of the president’s hands,” Cramer
An attendee uses his smartphone to record a facial-recognition demonstration on himself at the Beijing Megvii booth at the MWC Shanghai exhibition in Shanghai, China, on June 27, 2019. Qilai Shen | Bloomberg | Getty Images President Donald Trump’s move to blacklist Chinese tech companies is threatening to derail what could be the first Chinese
Tanya Baker is the Global Head of GS Accelerate. Source: Goldman Sachs Goldman Sachs, famed adviser to Silicon Valley for decades, is turning to what it considers fertile ground for the next billion dollar business: its own employees. Earlier this year, 500 teams of workers pitched the bank on potential start-ups, according to Tanya Baker,
A trader works on the floor of the New York Stock Exchange (NYSE) in New York. Michael Nagle | Bloomberg | Getty Images It might be time to buy into small-cap stocks even though they are lagging their large-cap counterparts, some strategists say. The Russell 2000 — which tracks small-cap stocks — has dropped more
Traders work on the floor of the New York Stock Exchange (NYSE) on July 17, 2014 in New York City. Spencer Platt | Getty Images News | Getty Images With massive spending on the new streaming platform and the costly integration of Fox, Disney is putting its stock at a vulnerable place in the near-term,
Getty Images Investors, business owners and consumers should be heeding the message that the inverted yield curve is sending, according to the researcher who pioneered the economic forecasting model. Duke University professor Campbell Harvey said people shouldn’t wait for the economic downturn he anticipates before taking preventive measures. “This is the time where you need
There’s a correlation between recent weakness in the stock market — led by certain sectors — and Elizabeth Warren’s surge in the polls, according to some analysts and strategists on Wall Street. One banking analyst, Oppenheimer’s Chris Kotowski, went so far as to title his latest research note “The Warren Correction,” where he pointed out
People carry retail shopping bags during Black Friday events on November 25, 2016 in New York City. Getty Images One major cluster of data shows the U.S. economy is doing well despite concerns of a potential recession. The hard data, which refers to actual numbers about the economy such as unemployment and retail sales, continue
A worker looks at the 9HA Gas Turbine, at the General Electric plant in Belfort, France. Frederick Florin | AFP | Getty Images General Electric‘s announcement that it is freezing pension plans for about 20,000 U.S. employees is part of the company’s “next steps in the balance sheet unwind,” J.P. Morgan analyst Stephen Tusa wrote
Charles Schwab, chairman of Charles Schwab Corp., speaks in Chicago, Illinois, on Wednesday, Nov. 20, 2013. Daniel Acker | Bloomberg | Getty Images This is a breaking news story. Please check back for updates. Charles Schwab said the broker’s latest move to zero commissions was a long-time goal to deliver to investors. “It was sort
The Wendy’s Co. logo is seen on a cup displayed for a photograph at a restaurant location in Daly City, California. David Paul Morris | Bloomberg | Getty Images Many investors may be concentrating on some of Wall Street’s biggest companies but analysts told clients this week not to overlook these other compelling stocks. CNBC
Google CEO Sundar Pichai testifies before U.S. House of Representatives Judiciary Committee during a hearing “Transparency & Accountability: Examining Google and its Data Collection, Use and Filtering Practices” on Capitol Hill in Washington D.C., the United States, on Dec. 11, 2018. Liu Jie | Xinhua News Agency | Getty Images FANG became FANG out of
For months now, we’ve been repeating the refrain “the consumer is strong, the consumer represents two thirds of GDP, the consumer will keep the economy growing” until it is the last thing we utter at night and the first words out of our mouth in the morning. The stock market has been a believer. As