International travel is likely to recover soon despite progress being slowed by the omicron variant, according to AirAsia chief executive Tony Fernandes. “I do believe that we’re at the beginning of the end,” he told CNBC’s “Squawk Box Asia” on Monday, noting that the recovery has already begun in earnest. “The good thing is, this time last
Market bull Julian Emanuel sees a dot-com era dynamic that could shatter the S&P 500’s record highs. In his first TV interview since starting at Evercore ISI, Emanuel told CNBC’s “Fast Money” an emotionally charged public could drive the index to 5,509 this year. “They really haven’t committed sort of every last dollar in the
Georgijevic | E+ | Getty Images The start of the year is the perfect time to review your retirement savings, including pre-tax versus Roth 401(k) contributions. Roughly 86% of 401(k) plans offered a Roth account in 2020, up from 75% in 2019, according to the Plan Sponsor Council of America. While pre-tax deposits offer a
An elderly couple walk past a sign in front of Shimao Tower, developed by Shimao Group Holdings Ltd., in Shanghai, China, on Saturday, Jan. 8, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese real estate developer Shimao Group Holdings pushed back Tuesday on reports of default and sales of prime property. Shimao
Pfizer CEO Albert Bourla addresses a press conference after a visit to oversee the production of the Pfizer-BioNtech COVID-19 vaccine at the factory of U.S. pharmaceutical company Pfizer in Puurs, Belgium April 23, 2021. John Thys | Pool | Reuters Pfizer CEO Albert Bourla on Monday said two doses of the company’s vaccine may not
In this article AMGN WYNN MU INTC Signage at the entrance to the Intel headquarters in Santa Clara, California, U.S., on Tuesday, Oct. 19, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in after-hours trading. Intel — The tech giant jumped more than 4% after hours after the
Actor, producer and entrepreneur Kevin Hart is the one of world’s highest paid stand-up comedians and owns a successful venture capital firm — but he didn’t get where he is in the business world without learning from his mistakes. On Friday’s episode of ABC’s “Shark Tank,” the guest Shark turned down an offer from Candi
A trader in a face mask works on the trading floor at the New York Stock Exchange (NYSE) as the Omicron coronavirus variant continues to spread in Manhattan, New York City, U.S., December 20, 2021. Andrew Kelly | Reuters The Nasdaq Composite and the tech sector of the S&P 500 slid sharply to begin the
Chesnot | Getty Images Major cryptocurrencies such as bitcoin and ether have had a rough start to 2022. For some investors, it may be an opportunity to buy into the risky digital assets. Bitcoin slumped as much as 6% Monday, falling below $40,000 per coin for the first time since September, according to Coin Metrics.
A pedestrian walks by a Wells Fargo home mortgage office in San Francisco. Justin Sullivan | Getty Images If you’re in the market for a home and haven’t locked in a mortgage rate yet, that home just got more expensive. The average rate on the popular 30-year mortgage hit 3.64% Monday morning, after rising sharply
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In this article JNJ Johnson & Johnson announced in November that it plans to spin off its consumer business into a new publicly traded company by November 2023. The news didn’t surprise Wall Street. “The analyst community has been talking about splitting up J&J for years,” said Jared Holz, health-care equity strategist at Oppenheimer. “The
In this article 2330-TW A man walks past TSMC’s logo at the company’s headquarters in Hsinchu, Taiwan. Sam Yeh | AFP | Getty Images Top chipmaker TSMC notched a new quarterly sales record at the end of 2021 boosted by continued demand from top clients including Apple and Qualcomm for semiconductors. The Taiwanese foundry, which
Take a look at some of the biggest movers in the premarket: Zynga (ZYNG) – The online game maker’s shares soared 48.2% in the premarket after it agreed to be acquired by video game maker Take-Two Interactive (TTWO) for $9.86 per share in cash and stock, implying a total deal value of $12.7 billion. Take-Two
Getty Images Many Americans are in the dark about one important aspect of their credit cards. Of those who carry a balance, 40% don’t know the interest rate they’re being charged on their primary card, a new survey from Bankrate found. That could wind up costing them a lot of money. “As much as we
For many homeowners, the pandemic offered an unprecedented opportunity to build wealth. Those opportunities still exist, even though they are getting harder to come by. Thanks to skyrocketing housing prices, the amount of home equity is at an all-time high. As of the third quarter of last year, homeowners held $9.4 trillion in equity to
Safeway pharmacist Ashley McGee fills a syringe with the Pfizer COVID-19 booster vaccination at a vaccination booster shot clinic on October 01, 2021 in San Rafael, California. Justin Sullivan | Getty Images Two doses of Pfizer and BioNTech‘s vaccine are highly effective at protecting children 12 to 18 from a severe inflammatory condition associated with
Traders work on the floor of the New York Stock Exchange (NYSE) on January 07, 2022 in New York City. Spencer Platt | Getty Images Stock futures were lower in overnight trading Sunday after a rocky start to 2022 for equity markets as interest rates rise. Futures on the Dow Jones Industrial Average shed about
In this article 813-HK Pedestrians near the Riviera Garden residential property, developed by Shimao Group Holdings Ltd., in Shanghai, China, on Saturday, Jan. 8, 2022. Qilai Shen | Bloomberg | Getty Images Shares of Shimao spiked nearly 7% on Monday after Chinese business publication Caixin reported the embattled developer is selling all of its real
Simu Liu stars as Shang-Chi in Marvel’s “Shang-Chi and the Legend of the Ten Rings.” Disney The Marvel Cinematic Universe propelled Disney to the top of the domestic box office in 2021. While the pandemic continues to weigh on the movie theater business, cinemas were able to collect $4.58 billion in ticket sales in the