In this photo illustration, a visual representation of a cryptocurrency sits on display in front of a Facebook logo. Chesnot | Getty Images Facebook unveiled its Libra cryptocurrency on Tuesday, and it didn’t go unnoticed by European officials. Hours after the company announced its crypto ambitions, French Finance Minister Bruno Le Maire poured cold water
Month: June 2019
In leadership, there is no straightforward formula to becoming the ideal boss. Some employees look for someone that they can look up to who is also approachable, while others expect tenacity and a passion for delivering the best results. Whatever that may be, 10 chief executives have been recognized by Glassdoor as being highly-admired by
Jamie Grill | Getty Images As the calendar crosses the mid-year mark, are you on track to reach your retirement savings goals? The IRS has raised the limits for what you can put away in pre-tax retirement savings account this year. That means you can sock away as much as $19,000 in your 401(k), 403(b),
manusapon kasosod | Moment | Getty Images As Generation X and millennials inherit their baby boomer parents’ assets amid the so-called Great Wealth Transfer, some will look to invest it in rental property to generate income. This property might be a duplex, an apartment building or, depending on the location, a single-family house that could
Facebook announced its cryptocurrency, called Libra. Chesnot | Getty Images News | Getty Images The cryptocurrency industry cannot get enough of Libra, touting its ability to gain mainstream adoption which bitcoin strived to do for years. “Libra is potentially one of the most positive external tailwinds in Bitcoin in its 10-year history,” said Spencer Bogart,
Donald Gruener | iStock | Getty Images Americans gave less to charity in 2018 than a year earlier, following changes in the tax law and fourth-quarter declines in the stock market, according to a new report. Charitable giving by individuals America fell 1.1% to $292 billion in 2018 compared with 2017, according to Giving USA.
The U.S. Capitol building is seen reflected in a puddle at sunrise on the day of the U.S. midterm election as voters go to the polls across the country to elect 33 U.S. senators and all 435 members of the U.S. House of Representatives in Washington, U.S., November 6, 2018. Jim Bourg | Reuters The
Adobe’s upcoming earnings report could be a moment for traders to cash in. The options market is implying about a 4% move in either direction for shares of the cloud giant after it issues fiscal second-quarter results, Dan Nathan, co-founder and editor of RiskReversal.com, said Monday. “That’s in line with the average over the last
Blockchain experts on Tuesday said Facebook’s new Libra cryptocurrency promises to introduce introduce billions of new users to the world of digital coins, but there are several concerns over how the social network’s checkered past when it comes to trust and privacy could impact the new currency. Facebook on Tuesday unveiled its long-rumored digital coin
Just graduated? Take a close look at your digital footprint. Hiring managers often review a candidate’s Facebook and Instagram accounts, not because they want to find reasons to reject someone but for deeper understanding. “It tells so much more than a resume ever could,” said Jennifer Bodner, CEO of Babbit Bodner, a public relations firm
Beyond Meat CEO Ethan Brown (C) celebrates with guests after ringing the opening bell at Nasdaq MarketSite, May 2, 2019 in New York City. Drew Angerer | Getty Images The red-hot market for new public companies in 2019 like Beyond Meat and Chewy could spell bad news for the broader stock market in the year
Sotheby’s auction in Hong Kong. Anthony Wallace | AFP | Getty Images Sotheby’s auction house announced Monday that it has signed an agreement to be acquired by BidFair USA, a venture wholly owned by French media entrepreneur and art collector Patrick Drahi. Sotheby’s stakeholders will receive $57 per share in cash as a result of
Christian Kober | Getty Images There are signs that ongoing trade tensions are putting some pressure on China‘s job market — despite Beijing’s efforts to emphasize the negative impact of tariffs on the U.S. According to China’s top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.
U.S. stock index futures were mixed Tuesday morning, as market participants braced for the first day of the Federal Reserve‘s interest rate meeting. At around 02:00 a.m. ET, Dow futures dipped 25 points, indicating a negative open of more than 15 points. Futures on the S&P and Nasdaq were seen pointing in opposite directions. Market focus is largely attuned
Stocks that pay dividends have, over long periods, outperformed stocks that do not. GlobalStock | Getty Images What would you be willing to do if you never had to manage your personal finances again? A new survey from Merrill Edge posed that question to 1,000 investors with up to $250,000 in investible assets. And some
A man takes a photo of new Google products on display during the Google I/O conference at Shoreline Amphitheatre in Mountain View, California on May 7, 2019. Josh Edelson | AFP | Getty Images Not all FAANG stocks will survive and thrive in regulators’ battle to breakup big tech, according to Needham. Given an overall
The United States as a nation should provide monetary help to groups who have been “disproportionately discriminated against historically,” says former Facebook executive Chris Hughes, who has been working to reduce income inequality. The Facebook co-founder, a supporter of providing people in need with a basic income supplement, told CNBC’s “Squawk Box” he met Aisha Nyandoro, CEO of
Andy Warhol’s artwork, ‘Silver Car Crash (Double Disaster)’ is displayed while being auctioned at Sotheby’s on November 13, 2013 in New York City. Andrew Burton | Getty Images Check out the companies making headlines midday Monday: Sotheby’s — Sotheby’s shares jumped 57.2% on news that European art collector Patrick Drahi planned to acquire the art
Airbus A321XLR Soruce: Airbus American Airlines is edging towards a deal with Airbus to buy up to 50 newly launched A321XLR extended-range narrow-body aircraft including some converted from existing orders of other models, people familiar with the matter said. Airbus and American Airlines declined comment. The people said the order, if confirmed, could be announced
When it comes to learning about money, parents have a big influence on their kids. In fact, 65% of U.S. adults learned about saving from their parents, a recent survey by CreditCards.com found. About 45% learned about spending from them, according to the survey, which polled 2,694 adults in the U.S. With Father’s Day just
A Broadcom chip in an Apple iPhone. Brent Lewin | Bloomberg | Getty Images The financial fallout from the U.S. China trade war is beginning. But a day after after chipmaker Broadcom reported disappointing earnings, Wall Street analysts are urging investors to stay calm. The report sent chip stocks plummeting after the company cut its
Omar Marques | LightRocket | Getty Images Bitcoin leapt across the $9,000 mark on Sunday, boosted by reports that Facebook is soon set to launch its own cryptocurrency. The world’s largest digital coin traveled as high as $9,381.82 in the last 24 hours, according to CoinDesk’s bitcoin price index. The last time bitcoin hit a
Shoppers pack an aisle during a Black Friday sale at a Target store, Friday, Nov. 23, 2018, in Newport, Ky. John Minchillo | AP Target customers Sunday reported issues checking out at stores across the country, after registers were down for nearly two hours Saturday due to a system outage that created long lines. The
The summer travel season is almost here. This year, millions of Americans are expected to take some sort of getaway, with two-thirds of leisure travelers planning a trip in the coming months. With the average price per vacation expected to be $2,523, you may want to add one more item to your packing list: travel
Facebook’s founder and CEO Mark Zuckerberg speaks to participants during the Viva Technologie show at Parc des Expositions Porte de Versailles on May 24, 2018 in Paris, France. Chesnot | Getty Images RBC Capital Markets believes that Facebook has a “crypto opportunity,” explaining in a note to investors the firm’s high expectation for the tech giant’s coming
Westend61 | Westend61 | Getty Images Going on a summer vacation this year? You’re in good company. Almost 100 million Americans, or 4 in 10 U.S. adults, will take a family trip in 2019, according to AAA. That’s up slightly from last year. Meanwhile, financial website Bankrate.com found in a March 2019 survey of 2,577
Picture of a cup of coffee at a Luckin Coffee location. Fred Dufour | AFP | Getty Images Beijing-based coffee chain Luckin Coffee is catching the eye of Wall Street analysts who are hoping the newly public company’s technology-driven business model will fuel growth in an underpenetrated coffee market in China. Luckin, which is the
The 2019 Ford F-150 Raptor Mack Hogan | CNBC The Ford F-150 Raptor is the ultimate version of Ford’s perennial bestseller. Built for everything from lumber hauling to desert dune jumping, it’s a performance machine with a pickup bed. Nearly ten years after the original Raptor was rolled off the assembly line, nobody has quite
In this May 6, 2012, photo, a woman enters a Wells Fargo bank in New York. Cx Matiash The Great Recession has officially been over for a decade. For many Americans, there’s little reason to celebrate. Many people’s finances haven’t recovered from the recession’s blows, according to a new survey by personal finance website Bankrate.com.
Elon Musk Joe Skipper | Reuters One of Wall Street’s most optimistic Tesla analysts is sticking with his call for the stock to double over the next 12 months, telling clients that recent negative sentiment is “decoupled from reality.” The market fails to understand Tesla’s “technological and cost advantage” and remains on track for solid
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