Ray Dalio at the 2018 WEF in Davos, Switzerland on Jan. 23rd, 2018. Adam Galica | CNBC The largest hedge fund in the world has reportedly staked more than $1 billion that global equity markets will fall over the next three months. The wager placed by Bridgewater Associates would pay off for the firm if
SOPA Images | LightRocket | Getty Images While streaming platform Disney+ is off to a strong start, Wall Street analysts are not shying away from Netflix’s stock. In the week following Disney+’s launch, Netflix app downloads grew 4% year-over-year, Nomura Instinet noted, showing that Disney+ is not having a negative impact on Netflix’s growth potential.
President Donald Trump delayed announcing a flavored e-cigarette ban because he was “spooked” by the political ramifications, but a plan will likely still be implemented, former FDA Commissioner Scott Gottlieb told CNBC on Friday. “I think that something’s going to get done here,” Gottlieb said in a “Squawk Box” interview. “They wouldn’t be putting on
Share to facebook Share to twitter Share to linkedin Utilities are “the most underappreciated sector” in the market, according to T. Rowe Price. Robert Alexander/Getty Images Topline: While utilities have long been viewed as a safe investment for coupon-clippers, low-cost renewable energy like solar and wind power are quietly transforming the sector, resulting in strong
Share to facebook Share to twitter Share to linkedin More bad news for the embattled office-sharing startup. Scott Olson/Getty Images Topline: Troubled office-space startup WeWork is facing more bad news, with the company announcing today that it would lay off 2,400 employees, nearly 20% of its workforce, as it continues to cut costs in a
New Jersey Sen. Cory Booker, Massachusetts Sen. Elizabeth Warren and billionaire Tom Steyer … [+] discussed how to implement affordable housing during the fifth primary debate of the 2020 presidential election. Getty Images While the lack of affordable housing continues to plague the country, the question of what Democratic presidential candidates plan to do to
GUANGZHOU, China — As the hype over self-driving vehicles begins to wear a bit thin, it looks like the technology will come to trucks more quickly than passenger cars. Chinese autonomous driving company Pony.ai, which also has an office in California, has focused on applying the technology to passenger vehicles. Its latest funding round in
Fosun International still sees growth in China and is “confident in the Chinese market,” Thomas Xue, CFO of the Chinese conglomerate, told CNBC’s Sri Jegarajah on Thursday. “China is slowing down a little bit, but (it is) still one of the fastest growth economy,” Xue said, reiterating his confidence in the Chinese market. “The population
Las Vegas isn’t the first place you’d think of to go on vacation alone. But earlier this year after a conference at one of the giant hotels on the Strip, I was curious to see Sin City through fresh eyes and decided to stay five more days — by myself. Being alone in an adults’
Howard Stern Kevin Mazur | Getty Images Liberty Media CEO Greg Maffei believes the company is well positioned to capitalize on the growing popularity of podcasts and other audio content. Maffei, who joined CNBC’s David Faber from Liberty’s investor day in New York, said that while there is competition for audio content, exclusive agreements should
Moyo Studio | E+ | Getty Images If you have one resolution for 2020, make it to clear the decks on your credit card debt. About 2 out of 3 consumers with credit cards have been toting the same balance or higher over the last decade, according to a recent survey from Bankrate.com. The personal
A University of Alabama cancer geneticist is taking his anti-aging research to the next level to effectively end age-related hair loss, wrinkled skin and reduced energy. And he hopes to have products on the market in 5 years. A new startup out of the University of Alabama at Birmingham (UAB), Yuva Biosciences, is essentially the
Share to facebook Share to twitter Share to linkedin Trump is one of the only presidents in decades to withhold his tax returns from the public. MANDEL NGAN/AFP via Getty Image Topline: A law that would have required President Donald Trump to release his federal tax returns was unanimously struck down by the State Supreme
The view from the pool of the late Robin Williams’ home Homes.com The late beloved comedian Robin Williams’ house on San Francisco Bay just hit the market, listed at $7,250,000. Located in Tiburon, a very expensive address, the 6,517 square foot home sits on some of the country’s priciest real estate. Set on a third
Colin Kaepernick visits with fans following his NFL workout held at Charles R. Drew High School on November 16, 2019 in Riverdale, Georgia. Carmen Mandato | Getty Images Sport | Getty Images It’s been almost a week since the National Football League’s botched its scheduled workout with free-agent quarterback Colin Kaepernick, with no resolution in
Janet Yellen Scott Mlyn | CNBC NEW YORK — Pronounced wealth inequality that has built up for decades poses a major threat to a U.S. economy that is in otherwise “excellent” shape, former Federal Reserve Chair Janet Yellen said Thursday. The central bank leader from 2014-18 also said the U.S.-China tariff war is having a
Apple CEO Tim Cook and President Donald Trump were in Texas this week, in a high stakes photo-op at the factory in Austin where Apple’s Mac Pro computer is assembled. Cook no doubt wants to make it hard for the president to put tariffs on Mac Pro components. Cook has said unless Apple continues to
Chinese deities statue ready for export to China are waiting in Sagyin (“marble”) village located near the white marble Sagyin quarries. White marble is extracted from Sagyin quarries for centuries. Thierry Falise | LightRocket | Getty Images The best-performing stock in the world just lost nearly all its value in the blink of an eye.
Pedestrians pass in front of a Charles Schwab bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Financial advisors who hold their clients’ assets at TD Ameritrade are about to face a shake-up. Charles Schwab is in talks to purchase TD Ameritrade for $25 billion, and a deal could be announced
Many workers don’t need experts to tell them they aren’t putting enough away for their golden years — they apparently already know it. More than half of U.S. adults (52%) say they are behind where they should be when it comes to saving for retirement, according to a new survey from Bankrate.com. Among pre-retirees, the