Share to facebook Share to twitter Share to linkedin AFP/Getty Images Topline: WeWork parent firm We Co is considering slashing its share offering by half, which could take the company’s valuation to $20 billion in its anticipated IPO and far below the $47 billion that the fast-growing real estate firm, with hundreds of office-sharing spaces
Kevin Johnson, CEO, Starbucks Scott Mlyn | CNBC CHICAGO — As 12,000 Starbucks store managers from the U.S. and Canada descended on Chicago this week, the coffee chain announced a series of changes coming soon that will affect employees. Starbucks’ Leadership Experience was the first conference for its employees since 2014 and CEO Kevin Johnson’s
DocuSign CEO Dan Springer. Source: DocuSign Shares of enterprise cloud company DocuSign shot up about 19% Friday morning after the company reported better-than-expected revenue and strong guidance. The rally added about $1.5 billion to the company’s market cap, bringing it to $9.6 billion. For its second quarter of 2020, DocuSign reported $236 million in revenue,
Stocks will look to build on their strong recent momentum and reclaim their record highs next week amid a slew of economic data while trade war fears decrease. The S&P 500 is about 2% from an intraday record reached on July 26 after notching back-to-back weekly gains. The broad index is up 1.8% this past
Federal Reserve Chairman Jerome Powell said Friday that the ongoing trade war between China and the U.S. is weighing down companies’ investment decisions. “I think it is the case that uncertainty around trade policy is causing some companies to hold back now on investment,” Powell said in Switzerland. ”We’ve been hearing quite a bit about uncertainty. So
Jill Fromer | E+ | Getty Images While you might feel numb to data breaches due to their increasing frequency, experts say you shouldn’t be indifferent to the possibility of one actually causing you harm. Two years after the announcement of the massive Equifax breach — a cyberattack that compromised the personal information of about
For years, many workers nearing retirement have professed plans to work part-time during retirement. But few retirees have actually continued working part-time. Things are changing. A recent survey of pre-retirees and retirees shows that the gap between planning to work in retirement and doing so has narrowed. I have to confess I was a little
Just because somebody believes things that I find preposterous and even harmful, doesn’t stop me from liking them. That’s the situation with me and Peter Hendrickson, author of Cracking The Code. The view that I find both preposterous and harmful is that the Internal Revenue Code is very narrow in its application and that the IRS
Share to facebook Share to twitter Share to linkedin Kim Kardashian and Kanye West at the 2019 Met Gala. AFP/Getty Images Topline: Kanye West added a sprawling, 9,000-acre ranch located outside Cody, Wyoming to the collection of homes he has with his wife Kim Kardashian, who had said she wanted to move their family there.
Melissa Eamer is currently VP of Sales & Marketing for Amazon Devices. Source: Glossier Glossier, the online beauty brand recently valued at $1.2 billion, has poached a top Amazon exec, Melissa Eamer, to become chief operating officer, CNBC has learned. Eamer ended a 19-year run at Amazon last week. Most recently, she was vice president
Three of Wall Street’s top-performing IPO stocks in 2019 tumbled late on Thursday after the companies’ quarterly results failed to satisfy investors and justify their high valuations. Zoom Video Communications dropped 2% in extended trade, even after the videoconferencing provider’s quarterly results and full-year outlook beat analysts’ expectations. Cybersecurity company Crowdstrike tumbled 8.7% after it
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Dec. 2, 2016. Michael Nagle | Bloomberg | Getty Images Without the temporary hiring of Census workers, the disappointing August jobs report would have been even worse. The federal government hired 25,000 temporary workers in preparation
As U.S. colleges and universities brace for a drop in high-paying Chinese students this fall, one university has discovered a potential hedge: insurance. The University of Illinois’s Gies College of Business and its Grainer College of Engineering took out an insurance policy two years ago to protect the schools from a possible drop in revenue
CNBC’s Jim Cramer said Friday that Federal Reserve Chairman Jerome Powell should admit he was wrong to increase interest rates so aggressively last year, as the U.S.-China trade dispute was escalating, economic growth was starting to cool and the stock market was tanking. Powell should acknowledge the mistake and change course, Cramer said. “Why can’t
Just under a quarter of Americans are “very confident” they’ll have enough money to retire comfortably. And many expect to delay retirement at least until age 65, according to recent studies. So what’s a person who’s ready to call it quits at the office to do? Relocating to more affordable climes is one option. Personal
Donor-advised funds are becoming the prime tool of charitable giving for many Americans. The use of donor-advised funds (DAFs), also known as charitable gift funds, is likely to be more widespread primarily because of the changes to the tax rules made in the Tax Cuts and Jobs Act, enacted in 2017. DAFs give everyone else
i Getty How often have you heard a value equity manager say his sector is overdone? Or have you ever heard a growth manager shout from the rooftops that growth stocks are overvalued? Probably not. Well, as a bond manager I will break the rules and tell you municipal bonds issued by high tax states
Share to facebook Share to twitter Share to linkedin The U.S. government took control of Fannie Mae and Freddie Mac in 2008. (AP Photo/Manuel Balce Ceneta) ASSOCIATED PRESS Topline: The Trump administration on Thursday proposed a plan that would bring mortgage buyers Fannie Mae and Freddie Mac out of government conservatorship, where both have been
American Airlines Boeing 737-800 plane seen in Caracas Simón Bolívar International Airport, Venezuela. Nicolas Economou | NurPhoto | Getty Images An American Airlines mechanic has been arrested and charged with sabotaging an aircraft’s navigation system before a flight in July, forcing crew to abort takeoff from Miami, according to an affidavit filed in federal court
A display for facial recognition and artificial intelligence is seen on monitors at Huawei’s Bantian campus on April 26, 2019 in Shenzhen, China. Kevin Frayer | Getty Images China’s seemingly unfettered push into facial recognition is getting some high-level pushback. Face-swapping app Zao went viral last weekend, but it subsequently triggered a backlash from media