New indoor/outdoor food hall, the SteelCraft Bellflower, is created from 14 repurposed cargo containers. Studio One Eleven BELLFLOWER, Calif. – Architecture, urbanism and landscape-design firm, Studio One Eleven recently completed an innovative commercial real estate project, transforming discarded shipping containers into a robust al-fresco food hall in downtown Bellflower, California. Bellflower is considered a “first-ring” suburb of
An interview and Q&A with billionaire business magnate and CEO of LVMH, the world’s largest luxury goods company, Bernard Arnault. In this interview, Bernard discusses how he first entered the luxury goods business and how he gained control of LVMH, building it into the largest luxury goods company. Bernard also talks about how he enters
CNBC’s Jim Cramer says it’s a positive sign that bank stocks rallied after Federal Reserve Chairman Jerome Powell announced the central bank would issue a quarter-point cut in the federal funds rate. The “Mad Money” host tries to make sense of trouble that appears to be on the horizon for Adobe and FedEx. He goes one-on-one
Chewy shares fell 2% in extended trading Tuesday despite reporting a narrower-than-expected second quarter loss. The pet food and product retailer posted net sales of $1.15 billion, topping estimates of $1.13 billion, according to a survey of analysts by Refinitiv. Sales also grew 43% from last year. The company’s second quarter loss widened to $82.9
People walk past an AT&T store in New York on October 23, 2016. Kena Betancur | AFP |Getty Images Check out the companies making headlines after the bell: AT&T shares climbed more than 2% in extended trading following a Wall Street Journal report that the company is exploring a spinoff of DirectTV unit as its
Lacy O’Toole | CNBC Berkshire Hathaway‘s executive Tracy Britt Cool is leaving the firm after a decade to start a company that replicates Warren Buffett’s business model. Cool, who joined Berkshire in 2009 as Buffett’s financial assistant, said she’s building an investment vehicle that acquires companies “too small for Berkshire,” The Wall Street Journal reported.
Damir Khabirov | iStock | Getty Images “He who makes no mistakes makes nothing.” Talk about a silver lining, especially when applied to finance. This 200-year-old quote, attributed to Casanova, gives hope to all those ruing a grave error or missed opportunity. And it’s true: We learn what not to do going forward when we
Tereza | Twenty20 As the Federal Reserve lowers rates, it’s a good idea to make sure your savings are still getting the biggest boost. The central bank cut its benchmark short-term interest rate by a quarter of a point. In July, the bank cut rates for the first time since the Great Recession. As a
The head of an IT products and services distributor told CNBC on Tuesday that small- and medium-sized businesses have not slowed down investing like larger corporations, and it’s showing up in the company’s results. “Anecdotally, we think SMB is much stronger than large enterprise [now] … and we’re taking advantage of that,” Tech Data CEO
The new Medicare Plan Finder raises some security concerns Getty By now, most who work with the Medicare Plan Finder have had a chance to familiarize themselves with the new version. The most onerous change is that beneficiaries must log into their MyMedicare.gov account to access saved information. If they don’t have an account and they
Start your marriage off on the right financial footing. WINDSOR, UNITED KINGDOM – MAY 18: Thomas Kingston and Lady Gabriella Windsor kiss as they leave St George’s Chapel after their wedding on May 18, 2019 in Windsor, England. (Photo by Pool/Max Getty Images Whether you are just getting married or have been married for years,
“For the world’s wealthy, France remains the ultimate home away from home.” (Photo by Emeric Fohlen/NurPhoto) NurPhoto via Getty Images The number of British buyers of luxury property in France has dropped by 40% in less than five years due to Brexit and the weakening of the pound sterling. UK money now accounts for one
Singer John Legend at the PLUS launch event in New York City Tom Vickers Casper, the bed-in-a-box start-up that reached a $1 billion valuation selling mattresses over the internet, is getting more serious about providing customers better sleep. This week it launched a new line of melatonin and CBD-infused gummies in partnership with Plus Products,
TransferWise co-founders Taavet Hinrikus and Kristo Kaarmann. TransferWise Financial technology firm TransferWise booked a profit for the third year in a row, a rare show of growth for an industry littered with start-ups that have struggled to break even. The London-based company said on Wednesday that its net profit after tax climbed to £10.3 million
Traders work on the floor of the New York Stock Exchange (NYSE) on August 23, 2019 in New York City. Eduardo Munoz Alvarez | Getty Images Check out the companies making headlines in midday trading: FedEx — Shares of the shipping giant dropped more than 14% on the back of weak quarterly earnings. FedEx reported
Like vast wealth, the view from the 123rd floor of the tallest apartment building in the world can quickly warp your perspective on life. At nearly 1,400 feet, looking down on the Empire State Building, you aren’t just above New York City – you lord over it. Cars become toys and people become dots. Central
This is breaking news. Please check back for updates. DoubleLine Capital CEO and longtime bond investor Jeffrey Gundlach said Wednesday that the odds of a recession before the 2020 presidential election are rising. “I think the economic data has gotten a little bit better, yet I still think, when we put it all together … it seems
Maskot | Maskot | Getty Images It’s an email every financial advisor should expect to receive at least once. Financial advisor Charles Failla recalls receiving an email from a client asking for about $5,000. She was vacationing in the Caribbean and claimed the hotel where she was staying didn’t accept credit cards. “She needed cash,”
Grandfather and grandson walking on the country road freemixer | E+ | Getty Images Apparently, your rich grandpa can’t donate his fortune to charity in peace. While handing off wealth to the next generation is a major component of estate planning, few people discuss their philanthropic goals with their heirs. Indeed, 8 out of 10
Daymond John Photo by Greg Doherty As the U.S.-China trade war continues to evolve, many small business owners are growing increasingly unsettled by a fickle economy and fearful of what some believe is a looming recession. A recent CNBC|SurveyMonkey Small Business Survey found that confidence among small business owners has dropped to its lowest level