Finance

John Legere, chief executive officer of T-Mobile US Inc. Chris Goodney | Bloomberg | Getty Images T-Mobile Chief Executive Officer John Legere isn’t taking the WeWork CEO job, according to people familiar with the matter. Legere, who became CEO of T-Mobile in 2012, has no plans to leave the company, said the people, who asked

Robert Iger, Chief Executive Officer of Disney, poses in “Star Wars: Galaxy’s Edge” during a media preview event at Disneyland Park in Anaheim, California, May 29, 2019. Mario Anzuoni | Reuters Disney+ is here, ushering in the unofficial kickoff to “The Streaming Wars” — the slew of monthly subscription services that are flooding the market

Even though stocks are trading around all-time highs, CFRA’s Sam Stovall thinks Wall Street isn’t bullish enough. According to the firm’s chief investment strategist, an under-the-radar historical trend suggests the S&P 500 will continue to reach record levels through December. He credits a phenomenon that’s only happened 28 times since WWII. Stovall highlighted the pattern

A Woman jogs past the U.S. Capitol in Washington, October 24, 2019. Siphiwe Sibeko | Reuters Washington can feel pretty gridlocked these days, with the impeachment proceedings against President Trump dividing politicians by party lines. Still, both Republicans and Democrats have rallied around a number of bills that could deliver real changes to your personal

Nick Schommer, Janus Henderson Source: Janus Henderson (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) Being a contrarian can make someone seem like a genius or idiotic. For Nick Schommer, it has been the former this year. Schommer manages the Janus

Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Stocks bounced on trade headlines on Friday, but the market could stall out in the week ahead if there is no real progress towards a deal. Stocks ended the week at record highs, but Treasury yields unwound half the big

David Heinemeier Hansson, a well-known software engineer, recently slammed the Apple Card on Twitter as sexist. His complaint: He was given a credit limit 20 times larger than his wife, even though she has the better credit score. In response, the New York Department of Financial Services announced it will investigate the Apple Card algorithm

A significant portion of sales during this year’s Singles Day shopping event in China came from spending on credit, according to estimates from analysts. While it’s common to use a credit card to shop in the U.S., China has been known for its high savings rate and preference for paying only with funds at hand.

Online fashion house Farfetch’s CEO Jose Neves and members of the company’s leadership team ring the opening bell to celebrate their IPO at the New York Stock Exchange in New York, September 21, 2018. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Farfetch shares surged 20% during extended trading after

Tim Cook, CEO of Apple Inc. Adam Jeffery | CNBC Since Apple launched its paid news app, Apple News+, in March and signed on 200,000 subscribers in 48 hours, the company has struggled to add customers, according to people familiar with the matter. Apple promoted the service at the time, telling potential customers that they

PNC Financial’s Amanda Agati believes stocks have more room to run to fresh all-time highs, but she doesn’t expect an easy run. “The challenge going forward is that all-important month of December,” Agati told CNBC’s “Trading Nation” on Wednesday. “It’s going to be a busy calendar month certainly with the next round of tariffs going

Secondary school students attend a rally at Edinburgh Place in Hong Kong on August 22, 2019. Anthony Wallace | AFP | Getty Images Even after months of protests and escalating violence, Hong Kong is still a “very good proxy” for foreign investors wanting to access the vast China market, an economist said on Wednesday. “Since

Sundar Pichai, chief executive officer at Google LLC, speaks during the Google Cloud Next ’19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019. Michael Short | Bloomberg | Getty Images Google is getting into banking — but not with the same motivations as Wall Street. The tech giant is launching customer checking

Brendan McDermid | Reuters Check out the companies making headlines after the bell: Shares of 2U Inc. surged more than 15% during extended trading after the cloud-based software company reported third-quarter earnings and updated its full-year revenue and net loss outlook. 2U expects revenue between $570 million and $575 million for the year, narrower than

A JD delivery cart stops at roadside.  Zhang Peng | LightRocket | Getty Images BEIJING – Alibaba, JD.com and Pinduoduo. For these three forces of China‘s online shopping market, winning the race to tap the country’s fastest-growing regions will depend largely on an efficient delivery strategy. China’s largest cities rival global metropolises in the variety

Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City. Drew Angerer | Getty Images The S&P 500 could surge in a powerful rally to 3,850, if stocks stage the same type of breakout they had after the

Partners and executives at European venture capital firm Balderton Capital. Balderton Capital Venture capital firm Balderton Capital has closed a new $400 million fund, which it says will be used to invest in early-stage European tech start-ups. Balderton said Tuesday that the fund is targeted at start-ups raising funds at the Series A stage —

China could start rolling out its digital currency as early as the next two to three months, predicted the managing partner of an investment firm backed by Foxconn Technology Group. China has developed a framework called the Digital Currency Electronic Payment or DCEP, according to Jack Lee, managing partner of HCM Capital. That would allow

Companies who deploy biased algorithms — even unknowingly — are still responsible for potential discriminatory outcomes, the Wall Street regulator who is probing Goldman Sachs‘ Apple Card told CNBC on Monday. “Algorithms don’t get immunity from discrimination,” said Linda Lacewell, superintendent of New York’s Department of Financial Services, which is investigating claims that Goldman Sachs’

Pro-democracy protesters hold banners as they march during a rally ahead of Hong Kong Chief Executive Carrie Lams annual policy speech outside of Central Government Complex on October 16, 2019 in Hong Kong, China. Anthony Kwan | Getty Images Pro-democracy protests have hurt the Hong Kong economy, but the chief executives of two major banks