Share to facebook Share to twitter Share to linkedin Uber’s ex-CEO is reunited with one of his biggest backers. Justin Sullivan/2018 Getty Images Topline: Billionaire Travis Kalanick’s secretive new food startup, CloudKitchens, quietly raised $400 million from Saudi Arabia’s sovereign-wealth fund—the Saudi’s first known deal in Silicon Valley since the murder of American journalist Jamal
Source: Coca-Cola Coca-Cola on Thursday unveiled a new sparkling water line, its first new brand in more than a decade. The beverage giant will launch AHA in early 2020. The announcement comes as American consumption of soda continues to fall, forcing Coke and its rival PepsiCo to invest more in marketing of their legacy soda
The GoDaddy banner hangs outside of the New York Stock Exchange as the website hosting service makes its initial public offering on April 1, 2015 in New York City. Getty Images GoDaddy on Wednesday announced its biggest-ever share buyback of $500 million and reported a 12% rise in quarterly revenue as the web hosting company
Wells Fargo Securities’ Christopher Harvey is looking for a signal that it’s time to take risk off the table, and he expects it’ll come sooner rather than later. The firm’s head of equity strategy is worried market sentiment is becoming too optimistic as stocks trade near all-time highs. “We kinda hate this market,” Harvey told
Take one look at filmmaker Spike Lee’s outfit and you know he’s all about the New York Knicks. A lifelong fan, Lee, at age 14, watched Willis Reed’s amazing performance against the Los Angeles Lakers in the seventh game of the 1970 NBA finals from the “nosebleed” (upper tier) section. During the heated Knicks-Pacers playoff
For some savers, the lure of moving assets to a Roth individual retirement account from a traditional IRA or 401(k) plan often boils down to the tax-free income it will deliver in their golden years. Yet there are some less obvious reasons for certain retirees or retirement savers to consider doing a so-called Roth conversion.
Trickle-down tax cuts do not build a strong middle class Getty Many families still struggle financially, even though the economy has been on the mend for more than a decade. It becomes increasingly clear that something must fundamentally change for a broad and secure middle class to reemerge. Real economic security for more families won’t
Getty The Internal Revenue Service (IRS) has announced the annual inflation adjustments for the year 2020, including tax rate schedules, tax tables and cost-of-living adjustments. These are the numbers for the tax year 2020 beginning January 1, 2020. They are not the numbers and tables that you’ll use to prepare your 2019 tax returns in 2020 (you’ll find them here). These
The Las Vegas City Council approved an ordinance Wednesday that criminalizes camping or sleeping on … [+] downtown streets when beds are available at established shelters. Getty Images The Las Vegas City Council approved a controversial ordinance Wednesday that makes it illegal to rest, sleep or camp on streets and sidewalks in public areas downtown
Jack Ma, CEO of Chinese e-commerce giant Alibaba, speaks during his visit at the Vivatech startups and innovation fair, in Paris on May 16, 2019. Philippe Lopez | AFP | Getty Images Jack Ma, the founder of Alibaba Group, topped the Forbes China Rich List for the second year running in 2019. Ma, who stepped
The Humana headquarters office stands in Louisville, Kentucky. Ty Wright | Bloomberg | Getty Images U.S. health insurer Humana reported a third-quarter profit that beat Wall Street estimates on Wednesday on higher sales of its government-backed Medicare Advantage health plans and raised its full-year earnings forecast. Here’s what the company reported compared with what Wall
Netflix has built itself into a $125 billion company by accumulating global subscribers — a number that hit 164 million when the company announced third-quarter results last month. But CEO Reed Hastings said Wednesday that subscriber counts aren’t the right metric to track who’s winning the streaming wars — what’s really important is how viewers
A customer pays for his purchases inside a Lowe’s store in Cary, North Carolina. Jim R. Bounds | Bloomberg | Getty Images Here are the biggest calls on Wall Street on Wednesday: Raymond James initiated Lululemon & Nike as ‘outperform’ & Footlocker as ‘underperform’ Raymond James said in its initiation of several retailers that overall
ferrantraite | E+ | Getty Images You may have the perfect plan for holiday season travel. Yet one wrong move and your carefully crafted budget could fly out the window. “The holidays are a really busy time and there are already so many things to do – from checking off wish lists to holiday functions,”
Businessman looking tired while working at his office desk Getty Real estate investment trusts (REITs) are on fire—and we need to be very careful not to get burned. Here’s the twist: there’s plenty more upside ahead—and you can thank the Fed for that. Its latest rate cuts will keep powering REITs higher, for two reasons:
Economic Security Planning, Inc. Today’s column addresses the possibility of suspending a retirement benefit to then get spousal benefits, when spousal benefits can be paid, suspending a benefit after receiving disability, potential merits of early filing and voluntarily paying into Social Security. Larry Kotlikoff is a Professor of Economics at Boston University and the founder
The Pinnacle penthouse Williams New York After sitting on the market for several years, “The Pinnacle” penthouse at the top of New York City’s famed Woolworth Building is relisted with its first furnished renderings and a lower price. Originally listed for $110 million in 2017, the property, which spans the top five floors of the
Rory Gamble, acting president of the United Auto Workers, speaks with CNBC at the union’s temporary headquarters in metro Detroit on Nov. 6, 2019. Michael Wayland / CNBC DETROIT – Rory Gamble, acting president of the United Auto Workers, is concerned that an ongoing federal corruption probe into the union could lead to a RICO
Getty Images Altice USA missed expectations for third-quarter results on Tuesday due to weakness at its pay-TV division and the cable TV provider cut its full-year sales forecast, sending its shares down 10%. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per
Gotham | GC Images | Getty Images NEW YORK — If it weren’t for the industrious work ethic of the Kardashians, rapper Kanye West may have been content to squander his days as “the greatest artist in human existence.” West — donning a cobalt blue hoodie among a sea of Wall Street suits — said