South Korean health officials spray disinfectant in front of the Daegu branch of the Shincheonji Church of Jesus in the southeastern city of Daegu on February 21, 2020. Jung Yeon-je | AFP | Getty Images This is a live blog. Please check back for updates. All times below are in Beijing time. 7:55 am: Hubei reports
Month: February 2020
CBS logo seen at the CBS Television City Studio in Los Angeles, California. SOPA Images | LightRocket | Getty Images ViacomCBS on Thursday said its earnings fell short of revenue and profit expectations in its first quarterly earnings results since closing its merger, sending shares down 7% in premarket trading. Viacom and CBS completed their
Wells Fargo will pay $3 billion in criminal and civil settlements with the Justice Department and the Securities and Exchange Commission over its fraudulent fake-account scandal, the U.S. Attorney’s Office said Friday. “This case illustrates a complete failure of leadership at multiple levels within the bank,” said U.S. Attorney Nick Hanna. “Simply put, Wells Fargo
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
An interview with venture capitalist and founder of Baseline ventures, Steve Anderson. In this interview, Steve discusses his unique approach to venture capital and creating Baseline Ventures. Steve also talks about the benefits of being a contrarian and the value of education. Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive Follow us on twitter:http://bit.ly/TwitterIA Other great
An interview with billionaire investor and founder of the world’s largest Hedge fund Bridgewater Associates, Ray Dalio. In this interview, Ray discusses the debt cycle and the similarities between now and 1930, including his thoughts on capitalism. Ray also talks about how investors should invest in the debt cycle and at what point. 📚Books by
Workers assemble cars at the factory of Chang’an Automobile in Dingzhou, north China’s Hebei Province, Feb. 16, 2020. Xinhua News Agency This is a live blog. Please check back for updates. All times below are in U.S. Eastern time. China’s National Health Commission said 2,345 people have died in the country from the coronavirus, and
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
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
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
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
A interview and Q&A with billionaire debt investor and founder of Oaktree Capital Management, Howard Marks. In this interview, Howard discusses how to master the market cycle and what drives cycles. Howard also talks about the psychology of an investor and how to have an advantageous mentality to investing. 📚 Books by Howard Marks and
An interview with private equity titans Robert F. Smith, Leon Black, Bruce Flatt and Jonathan Sokoloff. In this interview, the gentlemen discuss their private equity investment strategies and how they archive high returns. They also talk about the fund raising environment and give their global outlook on private equity. Like if you enjoyed Subscribe for
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
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
A trader works at his post on the floor of the New York Stock Exchange, December 19, 2018. Brendan McDermid | Reuters Trying to time the market can be dangerous, but there are certain signals that the professionals look for when trying to gauge future risk in stocks which could be helpful for regular investors
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
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
In this Monday, Dec. 16, 2019, file photo, a Boeing worker walks in view of a 737 MAX jet in Renton, Wash. Elaine Thompson | AP Teams looking in the fuel tanks of brand new Boeing 737 Max planes for foreign object debris will expand their inspections, sources familiar with the checks told CNBC on
Coca-Cola said Friday that the COVID-19 outbreak could drag down its first-quarter earnings by as much as 2 cents. The global beverage giant is forecasting that the virus will hit its quarterly earnings by 1 cent to 2 cents, unit case volume by 2% to 3% and organic revenue by 1% to 2%. Despite the
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