Investor Paul Meeks is bracing for a bear market in technology. Meeks, who’s known for running the world’s largest tech fund during the dot-com boom, sees 20% pullback risks growing as the coronavirus outbreak spreads. “There is some comeuppance due, and unfortunately I think the coronavirus is that exogenous variable that is a catalyst to
Month: February 2020
Tourists take photos at the Overseas Passenger Terminal as the Norwegian Jewel cruise ship is in lock down while health authorities test a man for Coronavirus on February 14, 2020 in Sydney, Australia. Lisa Maree Williams | Getty Images Norwegian Cruise Line has canceled its voyages in Asia through the third quarter of 2020 and expects
At least a few executives at major automakers have indicated that electric cars are the way of the future, and several of them are making big bets on battery-powered vehicles. But at least in the United States, the market seems to belong almost entirely to Tesla. The California carmaker’s Model 3 midsize sedan far outstripped
Singapore’s Changi Airport just opened ‘Jewel,’ a $1.3 billion mall boasting the world’s tallest indoor waterfall, an IMAX movie theatre, and a hotel. MORE TRAVEL CONTENT: Inside America’s First Private Terminal For Millionaires 9 Of The Most Exclusive Spots In Disney Parks Why Amtrak Is So Expensive | So Expensive —————————————————— #Singapore #Airport #BusinessInsider Business
Read ‘Lockheed hails progress on hypersonic military aircraft’ here: bit.ly/1V1IrhG ►Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Flying one of the world’s fastest and most sophisticated weapons is usually a ride reserved for military personnel and dignitaries. Carola Hoyos reports from Saab’s headquarters in Sweden on what it is like to fly in one
Conde guitars have been inspiring artists from Leonard Cohen to Bob Dylan. They are made in a humble basement workshop in Madrid by a third generation of artisans. Video by Gloria Kurnik and Leila Hussain MADE is a Bloomberg Digital Original series focusing on craftspeople and their premium wares, all made the hard way.
Brothers Marc and Shanon Parker took their love for sci-fi and comic books and started Parker Brothers Concepts, where they build outrageous, street-legal vehicles for Hollywood and TV shows.
Swell Media Who among us has suffered an airline delay or cancellation, or even been bumped from a flight? Plenty. Who’s been compensated for the inconvenience? Probably not very many. One Berlin-based firm, AirHelp, is trying to rectify that, educating flyers around the world of their rights to compensation — and, for a fee, helping
Apple Inc. CEO Tim Cook attends China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse on March 24, 2018 in Beijing, China. China Development Forum (CDF) 2018 is hosted by the Development Research Center of the State Council of China on March 24-26 in Beijing. Visual China Group | Getty Images The coronavirus continues
A contractor prepares a sliding door for a home under construction at the Toll Brothers Inc. Enclave at Rye Brook housing development in Rye Brook, New York Michael Nagle | Bloomberg | Getty Images Owning a home has long been the individual investor’s opportunity to hold real estate. But the American millennial population is waiting
A Domino’s Pizza food delivery courier drives a moped away from a Domino’s Pizza store in Hanwell, London. Jason Alden| Bloomberg | Getty Images Domino’s Pizza on Thursday reported quarterly earnings and revenue that topped analysts’ expectations after strong U.S. sales, despite increased competition. Shares of the company soared 17% in premarket trading. Here’s what
The eighth-generation Chevrolet Corvette started its life as a Frankenstein test vehicle that parts of the previous generation sports car and Australian-made pickup called the Holden Ute, codenamed internally as “Blackjack.” That included exterior features of the pickup. Michael Wayland / CNBC LAS VEGAS – General Motors took unprecedented steps in an attempt to hide
Payday Loan Store (Photo by Interim Archives/Getty Images) Interim Archives You’ll find the words in Utah’s constitution: “No imprisonment for debt.” And yet more than 3,000 people in the state were served arrest warrants arising from an unpaid loan between September 2017 and September 2018, according to a new report on payday loans by the
As the energy industry faces a time of reckoning — pressured by consistently low oil prices, high operating costs and a growing sustainable investing movement — oil and gas companies are increasingly turning to Silicon Valley for help streamlining operations and boosting efficiencies. By some estimates, the addressable market for digital oil and gas solutions
Warren Buffett Gerard Miller | CNBC Warren Buffett thinks stocks are the place to be invested in for the long haul if interest rates and corporate taxes remain near current levlels. “If something close to current rates should prevail over the coming decades and if corporate tax rates also remain near the low level businesses
Boston Beer Company co-founder Jim Koch defended its heavy investment in hard seltzer Thursday as shares fell after weak guidance and a per-share earnings miss. “Sometimes growth, it’s not cheap, particularly in something capital-intensive like beer,” Koch said on “Closing Bell.“ Hard seltzer, in particular, demands significant investment because “it’s the biggest thing that’s come
2020 Chevrolet Corvette GM LAS VEGAS – The performance, price and mid-engine layout of the 2020 Chevrolet Corvette have been well-documented. If you need a reminder, the vehicle has Chevrolet’s LT2 small-block 6.2-liter V8 engine that’s rated at 495 horsepower and 470 pound-feet of torque. It can achieve 0 to 60 miles per hour in
Much of the film Interstellar is centered around the existence of a wormhole and black hole, which happen to be two of the most perplexing things in the universe. Astrophysicist and StarTalk Radio host Neil deGrasse Tyson explains how wormholes and black holes really work. ————————————————– Follow BI Video on Twitter: http://bit.ly/1oS68Zs Follow BI Video
► Try the Financial Times for 4 weeks for just £1. Start your trial now – http://bit.ly/2ry7Tkz ► Read more at https://on.ft.com/2FiDi0B House of Commons Speaker and MP for Buckingham John Bercow voted Remain in the 2016 referendum on whether the UK should leave the EU. ► Subscribe to FT.com here: http://bit.ly/2GakujT ► Subscribe to
In a small workshop in Florence, Saskia Wittmer crafts leather shoes that are as unique as each customer. MADE is a series of simple, lovely short films that demonstrate how everyday luxury objects are created. Video by Leila Hussain.
20 years ago, Bruce Francisco and his business partner bought an old Cold War missile base in the Adirondacks. After a few million dollars in renovations, the silo is now a luxury home.
If you want to improve your financial know-how, there are plenty of opportunities to do so. From short online tutorials to extensive in-person bootcamps, the number of “Money 101” classes has ballooned since the Great Recession. And yet, when it comes to financial literacy, Americans are still falling far short. According to a survey by
Warren Buffett David A. Grogan | CNBC Berkshire Hathaway’s Warren Buffett on Saturday will publish his much-awaited shareholder letter. The annual missives, which are logged here on Berkshire’s website going back to 1977, are considered required reading for investors large and small. And this year, investors will be especially interested to know whether Berkshire has
Tesla CEO Elon Musk unveils the Cybertruck at the TeslaDesign Studio in Hawthorne, Calif. The cracked window glass occurred during a demonstration on the strength of the glass. Robert Hanashiro | USA TODAY | Reuters Small investors are flocking to high-flying growth stocks after the brokerage industry made trading free. In the months since major
A Deere & Co. John Deere 9560 combine harvester unloads soft red winter (SRW) wheat during a harvest in the village of Kirkland in Dekalb, Illinois, July 9, 2018. Daniel Acker | Bloomberg | Getty Images Shares of Deere spiked Friday morning after the agriculture company topped estimates for its fiscal first quarter and said
Image of the 1:10 Hot Wheels R/C Tesla Cybertruck by Mattel. Mattel Image of the 1:10 Hot Wheels R/C Tesla Cybertruck by Mattel. The 1:64 scale model, around 3 inches long, is the same size as a traditional Hot Wheels car, so it can be used with any of Mattel’s car tracks, the toymaker said.
Democratic presidential candidate former New York City mayor Mike Bloomberg speaks during the Democratic presidential primary debate at Paris Las Vegas on February 19, 2020 in Las Vegas, Nevada. Mario Tama | Getty Images Michael Bloomberg, billionaire and former mayor of New York, is the latest Democratic presidential candidate to turn his attention to the
SpaceX is looking to raise about a quarter billion dollars in new funds, as Elon Musk’s company heads into a critical year for its three major projects. The company is seeking to bring in about $250 million at a price of $220 a share, according to people familiar with the financing. The new raise would
After a solo trip to Las Vegas, I needed some time away from bright lights and late nights. On a friend’s recommendation, I headed into Utah, to the Red Mountain Resort near St. George, about a two-hour drive northeast of Sin City. And I learned there’s a lot to do in Utah than go skiing.
When Wall Street expects the Federal Reserve to cut interest rates, should that influence the Fed’s decisions? Two Fed officials diverged on that issue in remarks Friday at a monetary policy conference in New York. The disagreement occurred just as the scenario is playing out in real life: Investors increasingly expect the Fed to cut