Tory Burch Source: Brigitte Lacombe Tory Burch, the fashion icon who launched a preppy-chic lifestyle brand in 2004 that now tops $1.5 billion in sales, is on a mission: to advance women empowerment and entrepreneurship by shattering stereotypes and creating new norms. Inspired by her own experience as a working mother launching a business, in which
Month: March 2020
Cleveland Federal Reserve President Loretta Mester Getty Images The U.S. Federal Reserve’s emergency 50 basis point rate cut on Tuesday was not driven by last week’s market capitulation, but it was taken into account, Cleveland Federal Reserve President Loretta Mester told CNBC. Speaking to CNBC’s “Squawk Box Europe” on Wednesday, Mester revealed that she supported
A security guard stands in a greenhouse of Tilray medical cannabis producer’s European production site in Cantanhede, on April 24, 2018. Patricia De Melo Moreira | AFP | Getty Images Canada-based pot firm Tilray reported a bigger quarterly loss on Monday, hurt by an impairment charge related to its assets and higher costs, as oversupply
Elon Musk speaks onstage during the E3 conference in Los Angeles on June 13, 2019. Charley Gallay | Getty Images Elon Musk jumped to the defense of fellow tech billionaire Jack Dorsey late Monday, as the latter faces pressure from an activist investor to step down as the CEO of Twitter. “Just want to say
Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, Wednesday, Oct. 30, 2019. Susan Walsh | AP The market’s disregard for the Federal Reserve’s emergency interest rate cut doesn’t surprise Josh Brown, who called the decision “ill thought out.” “This is to make people feel better. OK, fine. So then do it the
Javier Snchez Mingorance / EyeEm Wild swings in the stock market may have you itching to make changes to your portfolio. Yet any expert will tell you: You shouldn’t let your emotions drive your investment decisions. “That vacillation between excitement and panic — that is what hurts people financially,” said financial psychologist Dr. Brad Klontz, associate
A man wears a mask on Wall St. near the New York Stock Exchange, March 3, 2020. Brendan McDermid | Reuters World health officials said Tuesday the mortality rate for COVID-19 is 3.4% globally, higher than previous estimates of about 2%. “Globally, about 3.4% of reported COVID-19 cases have died,” WHO Director-General Tedros Adhanom Ghebreyesus said
Dina Rudick | The Boston Globe | Getty Images Kohl’s shares rose Tuesday morning as the retailer reported quarterly earnings and net sales that beat analysts’ expectations. Its shares were up more than 2% in premarket trading following the release. Here’s how Kohl’s did during its fiscal fourth quarter compared with what analysts were expecting,
A pedestrian carries a Nordstrom shopping bag in Chicago. Christopher Dilts | Bloomberg | Getty Images Check out the companies making headlines after the bell. Nordstrom — Shares of the fashion retailer dipped 8% in extended trading after the company missed analysts’ expectations on both earnings and revenue for the fourth quarter. The company reported earnings
When it comes to real estate, $1 million doesn’t go as far as it used to — especially in the world’s top cities. In Monaco, the world’s most expensive city on a per-square-foot basis, $1 million gets you 162 square feet of prime real estate, according to a report from real estate brokerage firms Douglas Elliman
People inside the offices of JP Morgan Chase in New York City. Getty Images Bank stocks sold off in unison on Tuesday following the Federal Reserve’s emergency rate cut to combat an economic slowdown triggered by the fast-spreading coronavirus. The weakness by the group kept the overall markets’ gains in check. Shares of JPMorgan and
Zelma Brezinska / EyeEm New York’s new ban on plastic bags is, on its face, an effort to reduce consumer waste. It likely also offers an important lesson on consumer psychology and how we think about money. As of Sunday, most businesses in the state can no longer offer single-use plastic bags to consumers. Several
Workers walk outside the Tesla Inc. Gigafactory in Shanghai, China, on Friday, Nov. 1, 2019. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Tesla — Shares of Telsa rose nearly 3% after JMP Securities upgraded the stock to market outperform from market perform and established a price target
A Target store in Culver City, California. Mark Ralston | AFP | Getty Images Target is set to to report its fourth-quarter and full-year earnings Tuesday before the bell. Here’s what Wall Street is expecting, based on a survey of analysts by Refinitiv: Earnings per share, adjusted: $1.65 Revenue: $23.50 billion Same-store sales growth: 1.5% Target
The Federal Reserve moved to an enact an emergency interest rate cut after officials saw the coronavirus having a material impact on the economic outlook, Chairman Jerome Powell said Tuesday. Powell held a news conference following the central bank’s decision to cut overnight interest rates by half a percentage point. He said the Fed “saw
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
Robinhood on Tuesday reported technical issues for a second day following an outage that kept clients from trading on a historic market rally. As U.S. stocks traded actively again in wake of a surprise Fed rate cut, Robinhood reported a “major outage” for trading across its platform. Earlier updates on the site said that all
In a rare move, the Federal Reserve announced an emergency rate cut of 50 basis points in response to the growing threat from the coronavirus outbreak. It’s the first time the Fed has cut rates by half a percentage point since late 2008. “The fundamentals of the U.S. economy remain strong,” Fed Chairman Jerome Powell said
CNBC’s Jim Cramer said the Federal Reserve‘s emergency interest rate cut on Tuesday morning makes him more concerned about the 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 be much more than I thought,” Cramer said
President Donald Trump speaks during a news conference on the coronavirus outbreak at the White House in Washington, February 29, 2020. Joshua Roberts | Reuters President Donald Trump once again called on the Federal Reserve to deliver some major policy easing measures, after the Australian central bank cut rates to record lows and noted the impact of the