CEO Cussion Kar Shun Pang rings the opening bell at the NYSE. Photo: NYSE Check out the companies making headlines in midday trading: Tencent Music — Shares of Tencent Music rose 1.4% after Universal Music Group sold a 10% stake to a consortium led by the Chinese tech company. The deal values Universal Music at
Month: December 2019
Tim Cook, chief executive officer of Apple, Inc. Daniel Acker | Bloomberg | Getty Images 2019 is shaping up to be a historic year for the S&P 500, and the benchmark has two stocks to thank. Apple and Microsoft, which surged 85% and 55% this year respectively, together accounted for nearly 15% of the S&P
As we get ready to say goodbye to the 2010s, CNBC.com is taking a look back at the key players, events and transformations from Wall Street to Silicon Valley to corporate America to the White House that shaped a “Decade of Disruption.” In the lead-up to New Year’s Day 2020, CNBC’s online journalists will be
Peter Navarro, director of the National Trade Council, speaks during a Bloomberg Television interview outside the White House in Washington, D.C., U.S., on Wednesday, March 28, 2018. Andrew Harrer | Bloomberg | Getty Images White House advisor Peter Navarro on Tuesday said the “Phase One” trade deal between the U.S. and China is a certainty
Getty Images It’s never too early to resolve to save more for retirement and trim your tax bill. The IRS has made inflation adjustments to a range of key figures, from the amount you can put in a 401(k) retirement plan at work to the individual income tax brackets that help you determine your tax
Spartanburg is the most populous city in and the seat of Spartanburg County, South Carolina, United… [+] States Getty I was a developer for over 20 years, building shopping centers especially. That was back in the midst of a retail expansion like we’d never seen before and may never see again. Bankers were loaning money
A recent district court case demonstrated the interesting interaction between a tax overpayment, bankruptcy, and a Treasury offset under the Treasury Offset Program. In the case, the taxpayers borrowed money for a home purchase; the loan was insured by the United States Department of Housing and Urban Development (HUD). The taxpayers later defaulted on the
Share to facebook Share to twitter Share to linkedin House prices appreciated faster in Phoenix than in any of the other 20 metro areas covered by the S&P CoreLogic Case-Shiller Home Price Index. In real, inflation-adjusted values, house prices in Phoenix only increased 4% from October 2018 to October 2019. That 4% is good but
Ousted Nissan chairman Carlos Ghosn issued a statement on Tuesday confirming reports that he’s left Japan and is now in Lebanon. “I am now in Lebanon and will no longer be held hostage by a rigged Japanese justice system where guilt is presumed, discrimination is rampant, and basic human rights are denied, in flagrant disregard
U.S. government debt prices moved lower on Tuesday, the last trading day of the year. At 3:50 a.m. ET, the yield on the benchmark 10-year Treasury note rose to around 1.9034%, while the yield on the 30-year Treasury bond was also higher at 2.3574%. Bond yields move inversely to prices. Investors have been taking on
Stocks are acting like it’s only the second year of a bull market, strategist Jim Paulsen told CNBC on Monday. In an interview on “The Exchange,” Paulsen said he wasn’t arguing that the market is in a “fresh” bull phase, but only that “the market move this year is very comparable” to the first year
Activists participate in a rally urging the expansion of Social Security benefits in front of the White House July 13, 2015. Getty Images Raising the retirement age is an emotional issue. For evidence, just look at proposals to move up the full retirement age for Social Security. Even the idea upsets advocates who want to
“The End of Old Age: Living a Longer and More Purposeful Life, by Marc E. Agronin, M.D. Da Capo Press, 227 p. The title of this valuable book on aging seems over-reaching and marketing driven to to me. But I’ll concede the author’s premise: that our predisposition to view aging as a depressingly high hurdle
Concern about the $100 billion Mormon horde, the “scandal” I have dubbed EnsignGate seems to still be a thing. I have a little more to share on it, but I would also like to do a bit of review of my Mormon coverage. I have made an attempt to stake a big claim to the
Aerial view of Cowboy Recreation and Nature Trail in northern Nebraska, on a trestle over Long Pine … [+] Creek, along the preferred route of the Great American Rail-Trail Getty Twelve months after announcing the Great American Rail-Trail initiative, the Rails-to-Trails Conservancy (RTC) shared news this month that nearly $13 million has been secured for
This photo taken on May 3, 2018 shows a worker cutting steel at a factory in Huaibei in China’s eastern Anhui province. AFP | Getty Images China’s official Purchasing Managers’ Index for manufacturing came in slightly above expectations at 50.2 for the month of December, the country’s statistics bureau said on Tuesday. Economists polled by Reuters had
The amount of mergers and acquisitions in 2020 will trail the previous two years, transactions lawyer Michael Nemeroff told CNBC on Monday. “We still think 2020 will be robust, but not quite as robust as 2019 and 2018,” Nemeroff, the CEO of law firm Vedder Price, said on “Closing Bell.” The value of deals across
The need to adjust the federally mandated base pay is moot thanks to the strength and present dynamics of the U.S. economy, staffing expert Tom Gimbel told CNBC on Monday. “The days of a national minimum wage are really over,” Gimbel, founder and CEO of LaSalle Network, said on “The Exchange.” “That’s why the interesting
Traders work on the floor at the New York Stock Exchange, December 9, 2019. Brendan McDermid | Reuters The S&P 500 has risen nearly 30% this year on the back of stocks like Apple and AMD. The following stocks are Wall Street analysts’ picks to lead the benchmark in 2020. CNBC identified these stocks by
Hero Images | Getty Images When the clock strikes midnight on Dec. 31, it will not only usher in a new decade. It will also bring in a host of retirement changes. And that could have big implications for your money. The good news is that you will be able to save even more in
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