The disappointing valuation of WeWork and the poor performance of Uber and Slack on the stock market are raising concerns that the world’s largest tech investor could be in trouble. Mercedes Ruehl from the FT’s Tech Scroll Asia newsletter explains why. Read ‘SoftBank to ”double down” on WeWork investment’ with one free article: https://on.ft.com/33SUlkB. Take
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Singapore had a severe housing shortage decades ago. But it developed one of the world’s best public housing programs, which has also allowed a huge number of its citizens to buy their own homes. Video by Vicky Feng, Robin Fall and Christian Capestany, with assistance of Melissa Cheok
The famed investor and chairman of Berkshire Hathaway took CNNMoney on a tour of his office. What we found might surprise you.
andresr/Getty Images This week was supposed to include Tax Day, when personal income taxes are traditionally due. Instead, it marked a different big milestone: the beginning of the coronavirus stimulus payments. Now, Congress has updated its timeline on when subsequent rounds of payments can be expected. Here’s the latest, according to the House Ways and
Scientist Xinhua Yan works in the lab at Moderna in Cambridge, MA on Feb. 28, 2020. Moderna has developed the first experimental coronavirus medicine, but an approved treatment is more than a year away. David L. Ryan | Boston Globe | Getty Images Biotech stocks surged Friday after new details on a closely watched clinical
The historic $2.2 trillion stimulus package dramatically expanded unemployment insurance benefits for the millions of workers losing jobs and wages during the coronavirus pandemic. But while the relief bill was signed into law on March 27, it’s taken weeks for the U.S. Department of Labor to roll out guidelines to states, which administer unemployment programs, on how
Secretary of the Treasury Steven Mnuchin speaks with President Donald J. Trump and members of the coronavirus task force during a briefing in response to the COVID-19 coronavirus pandemic on Thursday, April 02, 2020 in Washington, DC. (Photo by Jabin Botsford/The Washington Post via Getty Images) The Washington Post Veterans and their family members will
A box containing a 5-minute test for COVID-19 from Abbott Laboratories is pictured during the daily briefing on the novel coronavirus, COVID-19, in the Rose Garden of the White House in Washington, DC, on March 30, 2020. Mandel Ngan | AFP | Getty Images Abbott Laboratories says it is ramping up production of its coronavirus test
A man wearing a face mask walks across the street in San Francisco. San Francisco Mayor London Breed announced a new health order Friday requiring city residents and workers to wear face coverings at essential businesses and on public transportation. The order goes into effect at 11:59 p.m. on Friday, but will not be enforced
The seal of the Internal Revenue Service (IRS) hangs on a podium during an IRS Criminal Investigation 100th year anniversary event at the agency’s headquarters in Washington, D.C., U.S., on Monday, July 1, 2019. Photographer: Andrew Harrer/Bloomberg via Getty Images Bloomberg An unlikely group counts itself among the recipients of the coronavirus stimulus checks: the
Chad Springer It’s obvious we are living in highly uncertain times. Markets are extremely volatile, and monetary and fiscal policies change from day to day. Most clients are extremely anxious, unsure of how the market is going to move and how those moves will impact their portfolios. While financial advisors must continue being proactive –
Larry Fink, chief executive officer of BlackRock Inc., pauses ahead of a Bloomberg Television interview at the Blackrock Inc. wealth symposium in Zurich, Switzerland, on Thursday, March 7, 2019 Stefan Wermuth | Bloomberg via Getty Images Larry Fink, co-founder of the world’s biggest money management firm, told CNBC on Thursday the stock market’s coronavirus low
How Social Security benefits are calculated on a $35,000 salary Monthly retirement for a $50,000 salary factoring in Social Security and savings Here’s how to get into the habit of saving more and spending less How to pay less in taxes on your Social Security benefits How to earn $40,000 in interest every year in
James Bullard David A. Grogan | CNBC St. Louis Federal Reserve President James Bullard proposed what he sees as the best economic solution to the coronavirus crisis: Pay full costs for any firm that comes up with a test for the virus that can assure the public that it’s safe to resume activity. Doing so,
The number of companies withdrawing or declining to provide earnings guidance continues to grow, with Abbott, ConocoPhillips, Jack in the Box, GoPro, and Bed Bath & Beyond in just the last couple days. JPMorgan, in a note to clients, said that so far 86 S&P 500 companies have suspended earnings guidance. Not surprisingly, some in
Procter & Gamble on Friday reported that its fiscal third-quarter U.S. sales surged 10% as consumers stocked up on staples like Charmin toilet paper and Bounty paper towels ahead of the coronavirus outbreak. But the consumer products giant cut its revenue forecast for fiscal 2020, citing headwinds from foreign currency. Shares of the company rose less
There are plenty of ways to make a mistake when drafting a résumé. Take advice from Amanda Augustine, career-advice expert for TopResume, in order to ensure that you’re representing yourself in a way that will impress recruiters. ————————————————– Follow BI Video on Twitter: http://bit.ly/1oS68Zs Follow BI Video On Facebook: http://on.fb.me/1bkB8qg Read more: http://www.businessinsider.com/ ————————————————– Business
Economists are terrified of how slow growth, low inflation and low interest rates could hit the economy. The FT’s US economics editor Brendan Greeley explains why. Read more at https://on.ft.com/2uXZV9o See if you get the FT for free as a student: http://ft.com/schoolsarefree or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132. ► Check out our Community tab for
The Japanese Car Company is a corporate behemoth – but it’s done much more than just give us Corollas or Land Cruisers. It’s changed the way the world makes products. Here’s how. Video by Tom Gibson Bloomberg is the First Word in business news, delivering breaking news & analysis, up-to-the-minute market data, features, profiles and
One of YouTube’s top fast food reviewers is a college student who lives with his parents in suburban New York. Known as “ReportOfTheWeek,” he has a 1940’s look and a devoted fanbase. CNNMoney talks to him about how he got his start and his biggest competition. Produced by Jon Sarlin
Wondering where your coronavirus stimulus payment is? The delay could be due to a glitch related to your tax preparation service. A new report from The Washington Post on Thursday estimates that millions of Americans could still be waiting to see their stimulus money if they previously filed their taxes with companies like TurboTax, H&R
SpaceX CEO Elon Musk speaks at a press conference where he announced the Japanese billionaire chosen by the company to fly around the moon, on September 17, 2018 in Hawthorne, California. Mario Tama | Getty Images SpaceX is launching more often than any other country or company and CEO Elon Musk touted low insurance costs as proof
When Laura Nadal attempted to use the IRS Get My Payment tool to track her stimulus check, she was met with a series of error messages. After multiple attempts over two days to track her payment, she’s still unable to and doesn’t understand why. The tool keeps telling her that the information she inputs does
Investor Peter Boockvar anticipates another 20% pullback could hit the market. The Bleakley Advisory Group chief investment officer told CNBC’s “Trading Nation” on Thursday that the coronavirus’ economic fallout is trapping the S&P 500 in a trading range. “A lot of the bad news that we’re seeing now in terms of the numbers were priced
The world’s biggest asset manager BlackRock saw the capital it manages fall by almost $1 trillion in the first quarter as investors pulled money out of its marquee funds amid the most damaging stock market selloff in more than a decade. The company, a huge figure on global financial markets, reported a 23% drop in quarterly
A Gilead Sciences office is shown in Foster City, California, U.S. May 1, 2018. Stephen Lam | Reuters Gilead Sciences shares surged by more than 15% in after-hours trading Thursday after details leaked of a closely watched clinical trial of the company’s antiviral drug Remdesivir appeared to show promising results in treating Covid-19. The University
Jonathan Nackstrand | Getty Images For Americans sheltering at home, life, as they once knew it, is on hold. Because of the global pandemic, weddings and graduations are postponed, while upcoming conferences, concerts, sporting events and vacations are all canceled. That has left nearly 4 in 10 adults — or 59 million people — with out-of-pocket costs,
eclipse_images | E+ | Getty Images If you can’t beat the crypto crowd, it might be time to join them, experts say. Virtual currency and its underlying technology, blockchain, are here to stay – and that means both will play some role in investors’ lives. “It’s actually very hard to decouple blockchain and bitcoin,” said
CNBC’s Jim Cramer on Wednesday made a case for investors to choose individual stock picking over index funds going through market turmoil. The “Mad Money” host laid out a “shelter-in-place” list of companies that he projects can cut through the global economic challenges set off by the coronavirus pandemic. “For years, lots of very smart
The coronavirus pandemic has disrupted life for communities around the world and will continue to do so for the foreseeable future, with experts suggesting that social distancing measures will be a necessary part of confronting the pandemic for several more months if not years. For students setting their sights on a college education, life uncertainly