June 1 — Patrick McCurdy, head of capital introduction at Wells Fargo Prime Services, explains how small hedge funds go about raising capital and how much money is needed to start a fund. He speaks on “Market Makers.” — Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg Bloomberg Television offers extensive coverage and analysis of international business
Month: March 2020
Seattle-based startup VICIS has designed a new helmet that can reduce the impact of blows to the head. Can it make football safer?
sturti | Getty Images If your phone rings and someone says it’s the Social Security Administration, it probably isn’t. By now, you may have received one of those calls, or know someone who has. And because these scams, which try to dupe unsuspecting individuals into coughing up money are becoming more prevalent, the government is
Greycroft chairman Alan Patricof said Thursday the recent market pullback was a “blip” and that investors should remain calm. “This is a blip, and we’ve seen a lot of blips in the last 20 years,” Patricof said on CNBC’s “Closing Bell.” Stocks sold off dramatically again on Thursday, continuing a volatile period of trading that
Wall Street Democrat Roger Altman told CNBC on Thursday that the stock market’s reaction to Joe Biden‘s resurgence in the Democratic presidential primary is because his chief rival, Sen. Bernie Sanders, is viewed as unelectable. “The greater the extent that Biden is seen as the Democratic nominee, I think investors will be comforted,” Altman said
Eric Yuan, CEO, Zoom Video Communications Source: CNBC Shares of videoconferencing software company Zoom dropped as much as 10% and then pared back part of its losses in extended trading on Wednesday after the company reported earnings and guidance that exceeded analysts’ expectations. Zoom had been on a tear during the coronavirus outbreak, as companies
People wearing protective masks sit with a Minnie Mouse balloon inside the departure hall at West Kowloon Station, operated by MTR Corp., in Hong Kong, China, on Tuesday, Jan. 28, 2020. Justin Chin | Bloomberg | Getty Images The spread of coronavirus and cutbacks in domestic and international airline schedules continue to raise concerns and
A visitor holding a revolver by US manufacturer Smith & Wesson (S&W) at the IWA OutdoorClassics trade show for hunting, shooting sports, equipment for outdoor activities and for civilian and official security applications. Daniel Karmann | picture alliance | Getty Images Check out the companies making headlines after the bell. American Outdoor Brands — The gun
golero | Getty Images Longevity. Leaving work to care for kids or parents. Earning less. These are the headwinds most talked about among women when it comes to the retirement challenges many of them face. Women have retirement balances that are half the size of men’s, according to data from the Vanguard Center for Investor Research.
Sam Zell, who made his fortune scooping up distressed assets, told CNBC on Thursday that he’s been taking advantage of the stock market’s volatility. The billionaire founder of Equity Group Investments said in a “Squawk Box” interview, “We’ve been buying some stuff that we thought was ridiculously low” in the recent coronavirus-driven sell-offs on Wall
Confusingly named, enticingly remote and increasingly popular, the chilly island of Greenland is fast becoming the dark horse of 2020 travel destinations. Before planning their trips, most visitors know little about the Arctic destination beyond vague ideas about its misleading nomenclature — “Greenland is icy whereas Iceland is green, right?” — or its link to
A woman wearing a protective face mask to prevent contracting the coronavirus enters a subway station in Milan, Italy, March 4, 2020. Guglielmo Mangiapane | Reuters First quarter U.S. earnings estimates have been declining since coronavirus concerns became known toward the end of January, but Europe — now the cutting edge of the coronavirus epidemic
Gary Jones, the newly-elected President of the United Auto Workers (UAW), addresses the 37th UAW Constitutional Convention June14, 2018 at Cobo Center in Detroit, Michigan. Bill Pugliano | Getty Images DETROIT — Former United Auto Workers President Gary Jones was charged with embezzlement and defrauding the U.S. government as part of a multiyear corruption probe into
Check out the companies making headlines before the bell: Zoom Video (ZM) — The video conferencing company reported earnings of 15 cents per share on revenue of $188.3 million. Wall Street was expecting earnings of 7 cents per share on revenue of $176.5 million, according to Refinitiv. American Eagle (AEO) — The retailer’s quarterly earnings beat on
Competition and the current U.S. economic situation are forcing Disney Parks to expand and raise prices. In 2018 Disney World raised its prices twice and switched to a dynamic pricing model. The new model prices out its early adopters in the middle class from peak park months. —————————————————— #DisneyWorld #AmusementParks #BusinessInsider Business Insider tells you
A desert facility at Alice Springs gets a boost from storing grounded Boeing 737 Max airliners. Aerospace group Boeing is temporarily halting production of the planes in January following the jets’ grounding around the world in March after two fatal crashes. The FT’s Jamie Smyth reports. Read more at https://on.ft.com/36jKvK5 ► See if you get
On a remote island miles off the coast of Scotland, Mati Ventrillon makes hotly sought-after Fair Isle sweaters according to traditions that are centuries old. Made is a series of simple, gorgeous short films that demonstrate how everyday luxury objects are made, and honor the process and artisans behind them. ———- Like this video? Subscribe
We use social media documents our lives. But what happens to your posts, pictures and tweets when you die? CNN Tech Correspondent and “Mostly Human” host Laurie Segall explains what happens to your accounts when you’re no longer around.
Pink piggy bank on top of stack of books with dark blackboard or chalkboard background using as cost of knowledge and education, savings for college or scholarship concept. Nuthawut Somsuk With the stock market tumbling amid the coronavirus outbreak, you might be worried about meeting your financial goals. And if you had hoped to tap
Thomas Barwick The group that oversees certified financial planners is making it tougher for consumers looking for a new advisor to find out how a particular CFP gets paid. The CFP Board of Standards — a nonprofit that governs the CFP designation, held by 86,000 financial advisors in the U.S. — erased a part of its
As the sustainable investing movement gains traction investors have increasingly shied away from traditional energy stocks. But ValueAct Capital’s Jeffrey Ubben believes that oil and gas companies that are working to clean up their operations can belong in portfolios focused on sustainable companies. The activist investor, who is the co-portfolio manager of the ValueAct Spring Fund,
Hermes Birkin bags Mehdi Fedouach | AFP | Getty Images The artist Jean-Michel Basquiat has nothing on the Birkin bag. Handbags were a far better investment last year than art, according to according to a new report. While art had an overall return of 5% in 2019, handbags clocked in a 13% gain, making it
Nordstrom said Tuesday it is changing its leadership structure to retire its co-presidency, and naming Erik Nordstrom as its sole CEO. It announced the changes as it reported fourth-quarter earnings and sales that missed analysts’ estimates, sending shares tumbling. Its stock initially cratered more than 10% in after-hours trading following the release. Shares were recently down
This is a live blog. Please check back for updates. All times below are in Eastern time. Global cases: More than 95,000, according to data compiled by Johns Hopkins University. Global deaths: At least 3,250, according to data compiled by Johns Hopkins University. US cases: At least 138, according to data compiled by Johns Hopkins University. US deaths:
American clothing and accessories retailer American Eagle store seen in Tokyo. (Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images) Budrul Chukrut | SOPA Images | Light Rocket | Getty Images Check out the companies making headlines after the bell. American Eagle Outfitters — The clothing retailer’s stock was up 5% in extended trading after the company
Having $1 million in the bank has often been considered the gold standard of retirement savings. In some places, that kind of stash can stretch over 40 years. But in higher-priced cities, it may only last a decade — or less. Considering that Americans, as a whole, aren’t saving nearly enough for retirement, GoBankingRates measured how far $1
Jim Cramer Adam Jeffery | CNBC CNBC’s Jim Cramer said that the Federal Reserve‘s emergency interest rate cut on Tuesday morning makes him more concerned about the possible economic risks from the coronavirus. “It’s great that the Federal Reserve recognizes that there’s going to be weakness, but it makes me feel, wow, the weakness must
Bentley Mulliner Bacalar Bentley Bentley on Tuesday unveiled the all-new Mulliner Bacalar, a roughly $2 million two-seat, open-air luxury sports car that features 5,000-year-old wood in its interior dashboard. The iconic British automaker, which is owned by Volkswagen, is describing the car as the “rarest two-door Bentley of the modern era.” The company is only producing
Larry Culp, CEO, General Electric Scott Mlyn | CNBC General Electric on Wednesday reiterated its 2020 cash and profit targets but warned its first-quarter cash flow would take a hit of $300 million to $500 million due to the coronavirus outbreak. Shares of GE, which employs thousands of workers in China and had been seen
The silhouettes of travelers are seen walking past United Continental Holdings Inc. and Delta Air Lines Inc. planes at Ronald Reagan National Airport in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images U.S. airline CEOs and the industry trade group are scheduled to meet with Vice President Mike Pence in Washington D.C. on Wednesday,