Investing

Ask people who shop at Costco Wholesale Corp. (COST) store if they like it and you will probably hear exuberant praise, along with a list of the great deals they scored on their last visit. More than 98 million people pay an annual membership fee just to get in the door, with fewer than 10%

CNBC’s Jim Cramer said Monday he thinks the stalemate in coronavirus stimulus discussions could be close to breaking, potentially giving a boost to stocks. “Talks this morning could be fruitful, and I think that therefore I wouldn’t bet against this market right now,” Cramer said on “Squawk on the Street.” House Speaker Nancy Pelosi, D-Calif.,

Donald Trump said on Monday afternoon that he would shortly be leaving Walter Reed military hospital, where he has spent the last three nights being treated for coronavirus. “I will be leaving the great Walter Reed Medical Center today at 6:30 P.M. Feeling really good!” Mr Trump wrote on Twitter. “Don’t be afraid of Covid.

Engie has agreed to sell the vast majority of its stake in French water and waste group Suez to Veolia, putting an end to the first phase of an acrimonious takeover attempt and teeing up the next. After first bidding for 29.9 per cent of Suez held by Engie at the end of August, rival

Have you ever considered owning your own small aircraft? Sure, we all have at some point. A plane represents a sense of independence, giving you the freedom to go wherever you want, whenever you want. And you’re not limited to just the road. But let’s face it. Having your own plane, say a Cessna, is

People walk by the New York Stock Exchange (NYSE) in lower Manhattan on October 02, 2020 in New York City. Spencer Platt | Getty Images The markets are coiling and compressing as they process jarring events and political suspense, with potential energy building up for eventual release. The stock market has been vibrating within a

Citigroup is not the strongest of America’s big banks. It is the most interesting. The job for Jane Fraser, its next chief executive, to make it a bit more dull. What makes Citi so fascinating and Ms Fraser’s task so hard, is the bank’s history. For much of the 20th century, Citi was the international

The French government has ordered the closure of bars and cafés in Paris for two weeks from Tuesday after declaring the city and its nearest suburbs to be zones of “maximum alert” for coronavirus infections. “Today we are entering a new phase,” said Didier Lallement, the Paris police chief, as he outlined the restrictions, including

Financial services have long been considered an industry where a professional can thrive and work up the corporate ladder to ever-increasing compensation structures. Career choices that offer experiences that are both personally and financially rewarding include: Three areas within finance, however, offer the best opportunities to maximize sheer earning power and, thus, attract the most

It is a grim irony that Donald Trump’s health and possibly his political future are now in the hands of highly trained physicians. Over the course of the coronavirus pandemic, he has regularly disparaged health experts. Even in last week’s presidential debate, just before his Covid-19 diagnosis, he took an idle potshot at Anthony Fauci,

Jasmine Cameron-Chileshe in London The number of positive coronavirus cases within the UK surged again on Sunday, with the government admitting that “technical” issues had caused delays in the publication of test results. A record 22,961 new coronavirus cases were confirmed on Sunday, an increase of more than 10,000 compared with 12,872 on Saturday. The

Whether you’re in a buyer’s or a seller’s market, you’ll want to buy a home as soon as you come across the right one. But it’s not always that simple. There are many financial issues that will determine whether you’ll be able to purchase the house, as well as the terms of your mortgage. Knowing

Heavy fighting over the disputed Caucasus mountain region of Nagorno-Karabakh intensified over the weekend as Armenian forces bombarded Azerbaijan’s second city in retaliation for attacks on the capital of the breakaway territory. One person was killed and more than 30 injured after several rockets landed on residential areas of Ganja on Sunday, according to Azerbaijani

Donald Trump could be discharged from hospital on Monday, after a weekend of obfuscation by the White House that played down the severity of the US president’s condition when he was admitted to the Walter Reed medical centre on Friday. Sean Conley, the White House physician, told reporters on Sunday morning that the medical team

Risk is anything that can result in an unexpected outcome or a loss. You can find risk in just about any industry—the financial sector, in transportation, even the health care sector. While all forms of risk can’t be avoided, there is a way they can be managed—through risk management. In the financial industry, you can

Boris Johnson has urged Britons to live “fearlessly but with common sense”, as he warned that the UK faced a very tough winter of dealing with coronavirus. Speaking as the Conservative party holds its annual conference online, the prime minister said he was taking a balanced approach to the pandemic while keeping as much of

Spencer Platt | Getty Images How can you find compelling investing opportunities in the current environment? With market volatility set to rise in the coming weeks, it’s best to be prepared. October is a notoriously volatile month, and this week’s heated presidential election debate did little to calm the markets — especially with the looming

Boris Johnson’s preferred choice to become chair of the BBC has pulled out of the contest, according to people familiar with the process. Charles Moore, the former editor of the Daily Telegraph newspaper and a prominent critic of the BBC’s licence fee, was frontrunner for the post after securing the enthusiastic support of the prime

Fees are an unavoidable evil of investing, but that doesn’t mean you have to overpay when it comes to them. Few people pay much attention to their investment expenses when times are good, but what they don’t realize is those pesky little fees can eat away at their returns. Take a $100,000 investment portfolio for

A former Chinese government official in his late twenties was in charge of deciding what content should be allowed on TikTok as the short-video app became a smash hit around the world, according to two people close to the company. Cai Zheng, who worked in China’s embassy in Tehran for four years according to a

Thailand’s democracy protesters will ratchet up their demonstrations this month until “the government accept our demands”, a leader of the movement has warned.  Anon Nampa, a human rights lawyer, also said that the protesters would not back down on addressing the divisive and until recently forbidden topic of the Thai monarchy. Activists want to curtail

Joint tenancy is an arrangement that allows beneficiaries to access your account without having to go to court. Couples and business partners can take title to each other’s bank accounts, brokerage accounts, real estate, and personal property as joint tenants with rights of survivorship (JTWROS). KEY TAKEAWAYS Some of the main benefits of joint tenancy

The White House doctor overseeing Donald Trump’s treatment at Walter Reed hospital sowed confusion about his health by suggesting the president had contracted Covid-19 on Wednesday, earlier than thought. Sean Conley, the White House physician, also said that he was “extremely happy” with the progress that the president had made since being admitted to the

The disclosure in the early hours of Friday morning that Donald Trump and his wife Melania had tested positive for coronavirus sent officials scrambling to find out who else in the president’s circle may have been infected. Hours earlier, Hope Hicks, a close aide, received a positive result, having come down with Covid-19 symptoms on

For much of the 20th Century, the Soviet Union rivaled the United States in political, military and economic strength. While the central command economy of the Soviet Union was diametrically opposed to the market liberalism of Western nations, the rapid economic development that the Soviets posted in the middle decades of the century made their

Private equity managers are turning to specialist borrowing facilities to ensure their highly leveraged strategies can survive the coronavirus pandemic, but there are growing concerns that the use of these complex financing deals poses new threats to investors. Demand for additional financing globally has shot up during the health crisis as private equity managers battle

Allbirds, the wool shoe brand that closed a $100m fundraising round this week, is backing bricks-and-mortar stores in spite of the pandemic. The new funding — which gives Allbirds a $1.7bn valuation — will partly support physical expansion in markets outside the US as well as increasing headcount, according to the company’s co-founder Joey Zwillinger.

Whenever someone talks about the stock market as a place to buy and sell equities, what usually comes to mind for most people is the New York Stock Exchange (NYSE) or the NASDAQ. There’s no debating why: these two exchanges account for the bulk of stock trading in North America and worldwide. At the same

Donald Trump was given an experimental drug as a “precautionary measure” and taken to Walter Reed military hospital on Friday, after developing a fever following his diagnosis with Covid-19. The decision to move Mr Trump to the national medical centre in Bethesda, Maryland, came after the White House doctor said in a memo that the

U.S. President Donald Trump approaches reporters as he departs on campaign travel to Minnesota from the South Lawn at the White House in Washington, September 30, 2020. Carlos Barria | Reuters Shares of companies tied closely to the economy reopening declined on Friday as President Donald Trump’s positive Covid-19 diagnosis raised concerns about a second