Carl Icahn, billionaire activist investor, waits for Donald Trump, president and chief executive of Trump Organization Inc. and 2016 Republican presidential candidate, not pictured, to speak at an election night event in New York, U.S., on Tuesday, April 19, 2016. Victor J. Blue | Bloomberg | Getty Images Billionaire investor Carl Icahn is moving his
Month: October 2019
Although the supply/demand ratio is still lopsided, the recent supply surge has brought more balance in the muni market, causing rates to rise across the board and spreads to widen. However, muni investors will find good market entry points over the next couple of weeks. The market is expected to see around $12 billion of
Binance’s futures exchange is raising leverage to 125x with the launch of bitcoin (BTC)/tether (USDT) contracts today. The cryptocurrency exchange first announced its futures platform in early July, at the time hinting it would allow 20x leverage. Now, futures traders can now choose leveraged positions between 1x and 125x, it said Friday. “We have seen an increase
Libra, the underfire planned cryptocurrency led by Facebook (NASDAQ:FB), has been dominating headlines in the world of crypto for all the wrong reasons. Regulators on both sides of the Atlantic have been staunchly opposed to the development of the coin, labeling it a threat to the economic and monetary sovereignty of nations. However, in a
In this photo illustration, a container of Johnson’s baby powder made by Johnson and Johnson sits on a table on July 13, 2018 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading: Coca-Cola — Shares of Coca-Cola jumped more than 2.5% in midday trading after the beverage
Michael Jordan, seen here in November 2018 in Wilmingon, North Carolina, greets people and shares … [+] Thanksgiving meals with the community impacted by Hurricane Florence. Jordan was raised in Wilmington. (AP Photo/Gerry Broome) ASSOCIATED PRESS The swish of autumnal winds welcomed community members and guests to an outdoor ribbon-cutting ceremony yesterday. They had gathered
Real estate mogul Barry Sternlicht told CNBC on Friday that while WeWork has had its failures, there’s still a real business to be found at its core. “This company got a little off of the rails,” said Sternlicht, chairman and CEO of investment firm Starwood Capital, which has about $60 billion in assets under management.
Pimco founder and bond industry legend Bill Gross is done with his previous life running huge investment bonds and making market headlines. But that doesn’t mean he’s done as an investor. Instead, the one-time “bond king” is putting money to work for his own sake rather than running what was once the world’s largest bond
MBIA Inc. is seeking to have its $720 million suit against nine Puerto Rico bond underwriters returned to Puerto Rico’s local court system, where one observer said the bond insurer may expect a more receptive audience. MBIA and its subsidiaries, National Public Finance Guarantee and MBIA Insurance Corp., filed a motion for remand and memorandum
Bank of Canada, the Canadian central bank, is exploring the possibility of launching a digital currency that would replace cash and track how people spend their money. The aim of the proposed currency would be to mitigate the “direct threat” posed by cryptocurrencies to the economic sovereignty of governments and central banks, an issue that
Pedestrians pass in front of an E-Trade location in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of E-Trade whipsawed during extended trade Thursday, first climbing about 4% immediately after the market close before slipping and settling about 1.4% below the closing price following the company’s third-quarter earnings
150 Woodland Road Douglas Elliman The founder of sneaker giant Reebok has relisted his dream home in Massachusetts. Paul Fireman, together with his wife Phyllis, built their stately mansion at 150 Woodland Road (dubbed “Woodland Manor”) in 1999 on seven acres in the Boston suburb of Brookline, with the help of the international architecture firm
Carrie Lam, Hong Kong’s chief executive, speaks during a news conference in July 2019 in Hong Kong, China. Anthony Kwan | Getty Images News | Getty Images Hong Kong politician and businessman Bernard Chan said that the violence in Hong Kong “has to stop,” as the city prepares itself for another weekend of mass protests.
Goldman Sachs CEO David Solomon said Thursday that the company is just starting to build out its consumer-facing digital banking offerings. “We’re building for the long term. I feel good about the progress that we’re making,” the Goldman chief said in an interview with CNBC’s Wilfred Frost. “I think we’re in the early stages of
If you’re wondering whether environmental, social and governance (ESG) investing is taking off, consider this: the term ESG was used during 100% more S&P 500 corporate earnings calls in the second quarter of 2019 compared with the first quarter, according to FactSet. And while the actual number of mentions was only 24 (compared with 12
Kutak keeps third place Kutak Rock LLP remained number three, accounting for $11.75 billion , outpacing its $11.04 billion in deals it worked on in the same period last year. Norton nosedives Norton Rose Fulbright dropped from second to fourth, to $10.05 billion from $16.11 billion, as its market share fell to $3.8% from 6.8%.
CME Group, the Chicago-based exchange operator, said its bitcoin futures contracts grew in popularity last quarter, with the number of open contracts up 61 percent from a year earlier because of growing demand from institutional investors. Open interest, or the number of outstanding positions, rose to 4,629 contracts, up from 2,873 in the third quarter
eToro, the Israeli-based brokerage firm, has launched a new portfolio that uses AI to analyze Twitter for the latest social media perceptions of digital assets. The tool, which is called TheTIE-LongOnly CopyPortfolio, is a collaboration between eToro and cryptocurrency analytics firm The TIE. According to The TIE, the platform’s “proprietary machine learning and language processing models ingest
Nobel Prize-winning economist Robert Shiller came to the New York Stock Exchange to discuss his new book, “Narrative Economics.” It’s a book about storytelling: Humans understand the world by telling stories, Shiller says. “The most natural thing in our brains to talk about is gossip, okay?,” Shiller said. “We love these stories. We center around
Fans gather at the Netflix booth at a trade show. Mike Blake | Reuters Check out the companies making headlines after the bell: Shares of Netflix surged more than 9% during extended trading after the company had a third-quarter earnings beat, though fell just shy of revenue estimates. The streaming giant posted earnings of $1.47
BRAZIL – 2019/09/11: In this photo illustration the Massachusetts Institute of Technology MIT logo is seen displayed on a smartphone. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images The coming decade, between 2020 and 2030, is when America gets old. A just-announced joint venture’s primary purpose is to fuse
Contractors raise a wall while working on a new home under construction in Dublin, California. David Paul Morris | Bloomberg | Getty Images U.S. homebuilders are loving today’s lower mortgage rates, which are bringing buyers back and boosting sales. Builder confidence in the single-family market jumped three points in October to 71 on the National
In this photo illustration, an ‘Impossible Whopper’ sits on a table at a Burger King restaurant on April 1, 2019 in Richmond Heights, Missouri. Burger King announced on Monday that it is testing out Impossible Whoppers, made with plant-based patties from Impossible Foods, in 59 locations in and around St. Louis area. Michael Thomas |
Bloomberg News American flags fly at BlackRock Inc. headquarters in New York The brokerage fee wars are a big plus for the exchange-traded fund arm of investment company BlackRock BLK, +2.36% as more investors turn to ETFs, the company’s executives said Tuesday. BlackRock’s iShares has $1.6 trillion in ETF assets under management, and 39% of
Preston Hollow Capital LLC is seeking to keep its defamation claim against Nuveen Investments alive as a court decision looms on its lawsuit alleging Nuveen orchestrated an industry boycott against its smaller private lender rival. The Dallas-based lender made the request late last week to move the dismissed claim to the Delaware Superior Court, which
That notorious abyss of Crypto Twitter – where the XRP Army patrols, altcoins flourish and falter, and @Vitalik99832182 promising you infinity ETH – got a new plaything today: an eToro crypto portfolio calibrated to the tenor of its tweets. The new financial instrument is called TheTIE-LongOnly CopyPortfolio, and, as of Tuesday morning, it was live on
Libra, the highly-scrutinized planned cryptocurrency led by Facebook (NASDAQ:FB), officially launched in Geneva yesterday despite several high-profile defections from the project last week. Libra Launches With 21 Chartered Members The Libra Association, the non-profit governing body of the digital currency, officially signed on 21 charter members at a meeting at its Swiss headquarters. The association
United Airlines planes at Newark Liberty International Airport Leslie Josephs | CNBC Check out the companies making headlines after the bell: Shares of United Airlines climbed more than 2% during extended trading after the airline raised its full year adjusted earnings guidance range to between $11.25 and $12.25 per share. Analysts estimated full-year earnings of
Share to facebook Share to twitter Share to linkedin WeWork’s problems aren’t over yet. SOPA Images/LightRocket via Getty Images Topline: WeWork’s troubles look far from over, with massive layoffs, a fiasco with its phone booths and a tough choice between two financial bailout plans as the company scrambles to raise cash and save its business.
SoftBank Group founder, chairman and CEO Masayoshi Son announces his group’s earnings results on May 9, 2019, in Tokyo. Alessandro Di Ciommo | NurPhoto | Getty Images SoftBank is WeWork’s biggest outside shareholder. J.P. Morgan Chase was supposed to lead its IPO. Now the two firms are trying to pull together a financing package to
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