In this article 1060-HK Joe Tsai, co-founder and executive vice chairman, Alibaba Group. S3studio | Getty Images News | Getty Images Alibaba co-founder Joe Tsai is the mystery buyer behind a $157 million apartment deal in Manhattan’s most prestigious condo tower, according to people familiar with the deal. Tsai, who also owns the Brooklyn Nets
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Ben Rains discusses some reasons for the recent market pullback amid a strong start to the second quarter earnings season. The episode then explores three ‘Strong Buy’ stocks—Chewy (CHWY), Tempur Sealy (TPX), and Nike (NKE)—for investors to consider adding as stocks fall from their records in the early weeks of Q3. (0:45) – Stock Market
In this article FB FHN The flow of Americans from the coasts to southern states has been a boon for First Horizon Bank, CEO Bryan Jordan told CNBC Monday. “We’re seeing an influx of people into the South. It’s been very, very positive, and we will continue to see that,” he said in a “Mad
Swiss banking giant UBS has beaten second-quarter earnings expectations, reporting net profit attributable to shareholders of $2 billion. This is up from $1.23 billion reported for the same period last year, and significantly above analysts expectations of $1.34 billion, according to Refinitiv data. This is a developing story and will be updated shortly.
Many Americans are seeking quiet, secluded trips to the great outdoors this year — only to find millions of others are doing the exact same thing. Travelers hoping to avoid the throngs in cities and theme parks are finding themselves among record numbers of visitors to national parks and coastal destinations. Americans searched for national
In early July, the U.S. Education Department under President Joe Biden canceled nearly $56 million in student loan debt for some 1,800 borrowers, bringing the administration’s total to about $1.5 billion erased. While a win for many borrowers, it isn’t a sign that broad-based student loan debt forgiveness will necessarily come anytime soon, experts say.
Cutting the cord can also mean cutting your tax bill. Cable companies providing TV packages are commonly charged franchise or right-of-way taxes as a sort of payment for the easements allowing them to run cable, while streaming services operating over the internet remain untaxed in this way (except for sales taxes, which a majority of
The Evergrande Group or Evergrande Real Estate Group logo of a Chinese real estate company is seen on a smartphone and a PC screen. SOPA Images | LightRocket | Getty Images BEIJING — The Hong Kong-listed shares of China Evergrande Group fell Tuesday to four-year lows following news of an asset freeze that renewed attention
All eyes will be on these five companies. Can they beat again?
A Company with a Game Changer in the EV Industry and the Worldwide Leader in Visual Computing Technologies.
The market euphoria is coming to an end after Wall Street was overtaken by rampant speculation, CNBC’s Jim Cramer declared after stocks fell hard Monday. “Once the speculators are blown out … and the stocks that are already down huge start rallying, then we can find a tradeable bottom,” the “Mad Money” host said. “We’re
In this article IBM Wired senior staff writer Cade Metz and Arvind Krishna, IBM CEO and then senior vice president and director at IBM Research, speak onstage at the Wired Business Conference in New York on June 16, 2016. Brian Ach | Wired | Getty Images IBM shares rose 3% in extended trading on Monday
Traders on the floor of the New York Stock Exchange. Source: NYSE Stock futures climbed in overnight trading on Monday after concerns about the spread of Covid-19’s delta variant sent investors dumping equities, especially those directly affected by pandemic restrictions. Futures on the Dow Jones Industrial Average rebounded 80 points. S&P 500 futures gained 0.3%
Vlad Tenev and Baiju Bhatt, who co-founded Robinhood. Mark Neuling | CNBC Fintech is minting billionaires by the month. Already this year, Coinbase’s co-founders have joined the billionaire ranks, along with the founders of Affirm and Marqeta. For years, Silicon Valley has been taking on the banking incumbents with promises of a better customer experience,
Virojt Changyencham | Moment | Getty Images Stocks took a steep dive on Monday amid fears that the coronavirus pandemic will be hard to pull out of. The Dow Jones Industrial Average shed more than 700 points by mid-day. The S&P 500 is down 1.9%, and the Nasdaq Composite has lost 1.6%. Despite the uncertain
Sam Edwards | Getty Images When it comes to planning for retirement, it’s important to consider how taxes could gnaw away at your nest egg once you reach your golden years. Assuming you’ve left work earnings behind you, any amount owed to the IRS will come out of your retirement savings or income. So the
A contractor works on the roof of a house under construction in the Stillpointe subdivision in Sumter, South Carolina, on Tuesday, July 6, 2021. Micah Green | Bloomberg | Getty Images The price of lumber on the future’s market has given up all of its gains for this year, falling by more than 50% in
Water sustainability is a growing concern for many investors.
Passengers board an American Airlines flight at Ronald Reagan Washington National Airport in Arlington, Virginia on April 11, 2021. Andrew Caballero-Reynolds | AFP | Getty Images U.S. airline stocks tumbled in early trading Monday as an uptick in Covid-19 cases raised concerns about the economic recovery and hitting one of the sectors most closely tied
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman said Monday that the spread of the delta variant doesn’t pose a threat to the economic reopening, seeing interest rates rising on the back of the big comeback. “I hope what it does is that it motivates anyone