Oscar Munoz, CEO of United Airlines. Adam Jeffery | CNBC United Airlines is encouraging staff to hold planes for connecting passengers, even if it means the flights depart a few minutes later than scheduled. On-time departure scores “be damned,” CEO Oscar Munoz said at CNBC’s Evolve summit in Chicago on Tuesday. “We don’t care. We
Month: September 2019
Jose Luis Pelaez Inc | DigitalVision | Getty Images Yes, you can max out your 401(k) plan at work, go on vacation and enjoy your Netflix, too. Close to half of the so-called “super-savers” polled by Principal Financial Group said they not only saved aggressively their retirement plan at work, but they also still maintained
The Netflix logo is seen on a mobile phone. Jaap Arriens | NurPhoto | Getty Images What a difference the past two months made for Netflix. It was just early July when the streaming video giant’s stock was flirting with new record highs. Now after an unexpected loss of subscribers and increased competition in the
European markets are set to open higher on Tuesday as traders monitor the latest U.S.-China trade developments. European Markets: FTSE, GDAXI, FCHI, IBEX Britain’s FTSE 100 is seen rising 26 points to 7,353, Germany’s DAX up 31 points at 12,376 and France’s CAC up 14 points at 5,647, according to IG index data. Traders were
Budweiser beer bottle labels during a Anheuser-Busch InBev NV news conference in Hong Kong, China, on Tuesday, Sept. 17, 2019. Kyle Lam | Bloomberg | Getty Images Anheuser-Busch InBev has priced its Budweiser initial public offering at HK$27 a share, a source familiar with the matter told CNBC’s Emily Tan. At that pricing, the company
Oliver Furrer | Cultura | Getty Images You don’t have to be a hedge fund guru to discuss alternative investments with your clients, yet it doesn’t hurt to get educated. It’s no secret that portfolio diversification protects investors from the whims of the stock market, blunting the volatility you get in equities by including an
CNBC’s Jim Cramer on Monday told investors to beware the hyped-up IPOs these days like WeWork and Uber with overly ambitious mission statements that don’t accurately reflect their actual businesses. “How about Peloton? Do we want shares of Peloton? See, here’s what I think happens [with unicorns]. First we think Uber is a platform, then
Sen. Elizabeth Warren’s proposed wealth tax may create a new incentive for rich couples to divorce to avoid the tax. In a recent analysis of the Democratic presidential candidate’s signature tax, Harvard economist N. Gregory Mankiw said that because of the nature and structure of the tax, ultra-wealthy couples could split their fortunes in half through
Protests in Hong Kong won’t prevent Standard Chartered from pursuing its ambitions to launch a virtual bank in the city, CEO Bill Winters said on Monday. The British multi-national, which has a significant presence in emerging markets, is part of a joint venture that was granted a license to operate a digital bank in the
Former Nissan Motor Chariman Carlos Ghosn leaves the Tokyo Detention House in Tokyo, Japan April 25, 2019. Issei Kato | Reuters The U.S. Securities and Exchange Commission settled charges Monday against former Nissan CEO Carlos Ghosn and former director Gregory Kelly over false financial disclosures that omitted more than $140 million in total compensation. Ghosn, with
Bronsyn Foster‘s 8-year-old son wondered why his mother was still in school. “He said, ‘Why couldn’t you just finish school before you had me?'” said Foster, now 48. “It’s hard for a little kid to understand why you can’t be around more often.” Yet he was one of the main reasons she was, at nearly
The Amazon logo on a pickup and collect locker at Newbury Park railway station in London. Chris Ratcliffe | Bloomberg | Getty Images Amazon will soon integrate another step of the e-commerce pipeline after the construction of an in-house fleet of carbon-neutral delivery trucks on par with established players like UPS and the U.S. Postal
If Hong Kong loses its status as one of Asia’s top financial centers, it would be disastrous for the Asian financial hub, said the founder and chief executive officer of Citic Capital. There is “no lack of competition for financial centers,” said Zhang Yichen, who is also chairman at the investment firm — a Hong
D. B. Weiss (C, speaking), David Benioff (3rd L) and cast and crew of ‘Game of Thrones’ accept the Outstanding Drama Series award onstage during the 71st Emmy Awards at Microsoft Theater on September 22, 2019 in Los Angeles, California. Kevin Winter | Getty Images Entertainment | Getty Images Despite mixed fan and critic reactions
Plenty of parents start their kids off with a piggy bank to underscore the importance of savings. Very few teach their children how to invest. “Investing is something a lot of parents struggle with,” said Roger Young, a senior financial planner at T. Rowe Price in Owings Mills, Maryland. Parents who don’t have best habits
Cans of Molson Coors Brewing Co. Miller Lite and Coors Light brand beer Daniel Acker | Bloomberg | Getty Images Here are the biggest calls on Wall Street on Friday: MKM initiated Constellation Brands as ‘buy’ MKM said in its initiation note that it likes the “strength” of Constellation’s Modelo brand. “The unrelenting strength, and
Goldman Sachs CEO David Solomon performs at Schimanski night club in Brooklyn, New York, October 14, 2018. Trevor Hunnicutt | Reuters To the many titles of David Solomon, including CEO of Goldman Sachs and electronic music performer DJ D-Sol, add one more: music impresario. Solomon launched Payback Records last year as his music career was
The 2019 Jeep Gladiator Mack Hogan | CNBC When Fiat and Chrysler merged to create Fiat Chrysler, it looked as though the company would use Fiat’s small-car know-how to create a leaner, more efficient lineup better suited for the post-recession era. But that’s not exactly how it went. It turns out that, when gas stays
Self-made billionaire Warren Buffett has been called the greatest investor in the world. So it should come as no surprise that the Berkshire Hathaway CEO has scores of investors hoping to follow in his footsteps by adopting his investing principles. Former hedge-fund manager and Buffett follower Whitney Tilson attributes the 89-year-old’s success to his “off-the-charts
CNBC’s Jim Cramer raised concerns Friday about a major part of the U.S. economy. The “Mad Money” host said he’s feeling a new level of “anxiety about industrial” companies. “Small- and medium-sized businesses [are] doing well; big industrial just not doing well.” Smaller companies are faring OK because U.S. consumer activity, which accounts for two-thirds
A trader works at the New York Stock Exchange in New York. Wang Ying | Xinhua News Agency | Getty Images What exactly happened during the “once in a decade” stock market rotation earlier this month that rocked investors? It might’ve just been a one-off technical move and not based on fundamentals. A huge rotation
Shane Gillis performs onstage at the 2019 Clusterfest on June 21, 2019 in San Francisco, California. Jeff Kravitz | FilmMagic, Inc | Getty Images Four days after it was announced that Shane Gillis would join the cast of “Saturday Night Live” for the show’s 45th season, Gillis was fired. The backlash came quick after a
Democratic presidential hopefuls in partnership with Univision at Texas Southern University in Houston, Texas on September 12, 2019. Frederic J. Brown | AFP | Getty Images Student loan borrowers have reason to pay close attention to the 2020 presidential campaign. Many of the Democratic presidential candidates have detailed plans to address what increasingly is called
Andrew Harrer | Bloomberg | Getty Images The world’s second-largest payment processor is approaching a decade-long run for the company’s stock. Shares of MasterCard are getting a boost, as U.S. consumers embrace the secular shift from cash to card, and more recently card to digital. MasterCard’s stock is up 46% this year, compared to the
With the S&P 500 about one percent from its all-time highs, Wall Street bull Edward Yardeni is predicts a record breakout is coming. The Yardeni Research president believes between now and the end of next year, the index will soar 17% from current levels. “I’ve got 3,500 as my target for next year,” he told
From the movie “Boss Baby.” Source: DreamWorks Animation According to the International Franchise Association, almost 4% of all small businesses in the U.S. are franchises. It’s an industry that generates more than $ 2.1 trillion and employs 18 million Americans. One of the most appealing reasons to buy a franchise is that you’re buying a
Amy Blacklock, 51, is on track for financial independence well before age 60, though she started far later than the standard recommendation. Blacklock and her husband, who live in metro Detroit, assumed they would need to work until their mid-60s. Then, they discovered the FIRE movement (financial independence/retire early), which transformed their view of their
Traders work after the closing bell at the New York Stock Exchange (NYSE) on August 12, 2019 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images For investors taking a breather from the chaos in August, buckle up as the market is about to go crazy again, Goldman Sachs warned.
California Governor Gavin Newsom signed a bill into law, AB5, that would force more companies to treat more workers as employees, not contractors. What’s the big deal? Whether it’s ride-sharing companies like Uber and Lyft, or delivery companies like Postmates, Doordash and Instacart, a slew of companies have grown up in the smartphone era with
Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City. Drew Angerer | Getty Images Developments in U.S.-Chinese trade talks and the comments from a host of Fed speakers could be important for markets in the week ahead,
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