A security guard show the way to a man outside of the Davos Congress Centre under snow ahead of the opening of the World Economic Forum (WEF) annual meeting, in Davos, eastern Switzerland. FABRICE COFFRINI | AFP | Getty Images It’s that time of the year again: Policymakers, politicians, bankers, activists, journalists and a swathe
Jamie Dimon, Chairman and CEO of JP Morgan Chase. Adam Jeffery | CNBC J.P. Morgan Chase announced the creation of a new business called the Development Finance Institution to boost private investment in emerging-market development projects. The lender said it can finance more than $100 billion annually from its investment bank and created a formal
Superman Man of Steel Source: Warner Brothers Superman is getting a new show on Warner Bros.’ CW network, but so far, the big screen has proven to be his kryptonite. The box office flop of “Justice League,” along with negative reviews for a majority of films that included America’s favorite hero in blue in the
Top Wall Street economist Michael Gapen believes the market’s record rally has stamina. The Barclays head of U.S. economics research cites a calm economic backdrop as a major driver. “We’re kind of sitting at a trend-like outlook where growth is around 2% this year,” he told CNBC’s “Trading Nation” on Friday. “It’s a very benign
Hanno Renner, co-founder and CEO of Personio. Personio Hanno Renner was 25 when he set up Personio, a software start-up looking to take the myriads of boring admin tasks and piles of paper out of human resources. Before he became a tech entrepreneur, Renner was a student at Germany’s Technical University of Munich, where he
The tails of Boeing 737 MAX aircraft are seen parked at Boeing facilities at the Grant County International Airport in Moses Lake, Washington, September 16, 2019. Lindsey Wasson | Reuters Boeing is talking to banks about borrowing $10 billion or more, according to people familiar with the matter, as the company faces rising costs stemming
Anastasia Usenko Student debt is consuming an ever larger share of household budgets. Today, more than two-thirds of college graduates have student debt, compared with less than 50% in the early 1990s. And, back then, the average balance was $9,000 – now it’s $30,000. The typical monthly bill is nearly $400. Americans are more burdened
Solar panels pictured at a tropical hotel resort. Marc Romanelli Businesses need to be singing from the same hymn sheet if they want to make meaningful progress in combatting the climate crisis, said the environmental director of one of Asia’s leading hotel groups, Hong Kong and Shanghai Hotels. Janice Lao, director of group corporate responsibility
Tim Cook, CEO of Apple (L), Satya Nadella, CEO of Microsoft (C) and Sundar Pichai, CEO of Google. Getty Images The stock market travels on the currents of supply and demand. That’s uncontroversial. Yet as the indexes have sped to new highs, plenty of observers have argued that a relative shortage of stocks combined with
From the moment they decided to open a distillery in Australia’s Yarra Valley, the co-founders of Four Pillars Gin — Stu Gregor, Cam MacKenzie and Matt Jones — knew it was serious business. “When we started, we didn’t want to make the best gin in Melbourne,” said Gregor, “but one that would be considered a
The 2019 GMC Sierra AT4 Mack Hogan | CNBC DETROIT – General Motors is once again taking shots at its competitors’ pickup trucks in a new ad campaign for its GMC Sierra, highlighting the strength and toughness of its all-new carbon fiber pickup box. The Detroit automaker will air a new ad during the NFC
Nestle Health Lab Imagine receiving customized nutrition advice based on your personal biologic or genetic profile. That’s the “future of food,” according to a UBS analyst, who sees diet personalization as the next plant-based meat. Personalized nutrition could generate annual revenues as high as $64 billion by 2040, the firm said. Plus, big-name companies such
Thomas Trutschel | Photothek | Getty Images The world’s 2,153 billionaires have more wealth between them than a combined 4.6 billion people, new research has claimed. In a study published Monday, international charity Oxfam called on governments to implement policies that may help to reduce wealth inequality. The report comes as delegates gather in Davos,
Tera Images If you play your cards right, small everyday purchases put on plastic can add up to big savings over time. That’s thanks to increasingly generous credit card cash-back rewards programs — provided you pay your bills promptly — according to one credit-card comparison website. In addition, the right card for you likely depends
The 2020 Genesis G70 Mack Hogan | CNBC For decades, car companies from around the globe have been trying to replicate the BMW 3 Series. Mercedes, Jaguar, Audi, Lexus, Cadillac and other have all tried to match the iconic BMW’s well-rounded blend of comfort, excitement, interior quality and value. And for the longest time, no
Traders signal offers in the Ten-Year Treasury Note Options pit at the Chicago Board of Trade. Scott Olson | Getty Images Wall Street firms just posted the biggest surge to bond-trading revenue in years, helping several banks break records for annual profit — but don’t expect the party to last. Morgan Stanley said earlier Thursday
A man runs past the New York Stock Exchange (NYSE). Bloomberg There already have been six new all-time highs for stocks in the 12 trading days of 2020, putting the S&P 500 up close to 3% since the year started. After a 2019 in which the equity index gained over 30%, is it too much,
Most American adults own life insurance, yet the buying process can be perplexing and pose traps for the unwary — and cause financial problems years down the road. Around 57% of adults in the U.S. own a life insurance policy, according to a joint study by Limra, a trade group, and Life Happens, a nonprofit
Oscar Statue at the Academy of Motion Picture Arts and Sciences on February 23, 2019 in Beverly Hills, California. Rodin Eckenroth Four years after it introduced major changes to its voting and recruitment rules, the organization behind the Academy Awards still has a diversity problem. The Academy of Motion Picture Arts and Sciences in 2016
People shop at the newly opened Amazon Go Store on May 07, 2019 in New York City. The cashier-less store, the first of this type of store, called Amazon Go, accepts cash and is the 12th such store in the United States located at Brookfield Place in downtown New York. Spencer Platt | Getty Images