Which are the top Black-owned businesses in the U.S. today? With many successful businesses privately held—and not required to report detailed information to the SEC—this report focuses on publicly traded companies. Public vs. Private Many of the world’s most successful businesses are publicly traded companies, such as Amazon, which originally went public in 1997 and
Investing
“I’m starving!” declares Marcus Rashford on arriving ravenous — and a half-hour late — for our lunch at The Gilbert Scott restaurant in the St Pancras Renaissance Hotel. Rather than sitting in the grand neo-Gothic dining hall, we’re shuffled into a drab private room. Rashford is trying to keep a low profile. At 22 he
CNBC’s Jim Cramer said Thursday that investors will want to have money in the stock market if Congress approves another coronavirus relief bill. “If we get a stimulus package and you’re out of the market, you will feel awful,” Cramer said on “Squawk on the Street.” ”I do feel the stimulus package is very hard to get.
Wildfires in California over recent weeks have contributed to a drop in daily testing in the state, taking its more medium-term measures of tests below 100,000 a day on Thursday for the first time in more than two months. Florida reported its biggest increase in coronavirus cases in nearly a week, with further 3,255 people
Healthcare jobs topped the list of the highest-paying occupations, and the sector’s future is very bright. According to the BLS, employment of healthcare occupations is projected to grow 15% from 2019 to 2029—adding about 2.4 million new jobs. This growth “is mainly due to an aging population, leading to greater demand for healthcare services,” according
Snowflake IPO begins trading at the NYSE on Sept. 16th, 2020. Source: NYSE One of the biggest problems with the traditional IPO process (and there are several) is that it’s impossible to say whether a deal is a success or a failure. Snowflake, the cloud-based data management company that’s 2020’s biggest IPO, jumped 112 percent
How far can common sense take us in the field of statistics? At first glance, not very. The discipline may be vital but it is also highly technical, and full of pitfalls and counterintuitions. Statistics can feel like numerical alchemy, incomprehensible to muggles — black magic, even. No wonder that, as I described last week,
Tanya Taylor, New York Want to watch Hillary Clinton play fetch with her dog? You will have had your chance online yesterday. Designer Tanya Taylor forwent her spot on the New York Fashion Week calendar to host a celebrity filled online voter registration drive, made up of 12 two-minute, home-filmed videos streaming on the official
Apple Inc. is a global technology company that designs, manufactures, and sells smartphones, personal computers, tablets, wearables and accessories. Apple Inc. is listed on the Nasdaq exchange under the ticker symbol, AAPL. Some of its main products include the iPhone, the Mac line of personal computers and laptops, iPad, Apple Watch, and Apple TV. The
Rooftop solar generators, electric vehicle batteries and other small energy resources will be allowed to supply wholesale power markets in the US, in a challenge to top-down delivery systems controlled by electric utilities. New rules approved by the Federal Energy Regulatory Commission on Thursday put these dispersed energy resources in competition with big power plants
Herman Miller Aeron chair Source: Herman Miller Shares of office furniture retailer Herman Miller are surging after a blowout earnings report that showed the company is benefiting from the work-from-home trend. Herman Miller jumped more than 35% in midday trading on Thursday, while the broader market was under pressure. As the coronavirus pandemic forces millions
ByteDance has agreed to list TikTok on a US stock market at some point after its proposed partnership deal with American software group Oracle, as part of its effort to satisfy the Trump administration’s national security concerns with the video-sharing app. People with direct knowledge of the matter said that an initial public offering in
The cosmetics industry makes consumer beauty products such as makeup, lotions, shampoos, perfumes, hair colors, and accessories. Companies in this group include Revlon Inc. (REV), Inter Parfums Inc. (IPAR), and South Korea-based Amorepacific Corp. (090430). Although there is no direct benchmark for the cosmetics industry, these companies are part of the consumer discretionary sector. Cosmetics
Michael Miebach, left, and CEO Ajay Banga of Mastercard with Jim Cramer on CNBC’s Mad Money. Scott Mlyn | CNBC A large portion of gains in market value have come in 2020, as investors continue to reward software-based tech companies amid the pandemic. The ETFMG Prime Mobile Payments ETF, which tracks mobile payments stocks, is
The nerve agent used to poison Alexei Navalny in Siberia last month was found on a water bottle from his hotel room, the Russian opposition leader’s aides said on Thursday. After Mr Navalny rapidly fell ill on a flight to Moscow, the anti-corruption activist’s team took a water bottle he drank from in the Siberian
Global equity markets weakened on Thursday after the US Federal Reserve stopped short of promising changes to its massive bond-buying programme and the Bank of England held rates steady. Futures markets tipped the US blue-chip S&P 500 index to fall 1.5 per cent when Wall Street opens, having closed 0.5 per cent lower on Wednesday.
The U.S. economy is finally recovering from the 2008 Great Recession. Jobs are being created by the millions, wage growth is picking up, and foreign exports accounted for only 12.22 percent of the nation’s GDP in 2016, according to the latest data by Statista. These signs indicate a prosperous recovery and a healthy, self-sufficient economy.
Warren Buffett Gerry Miller | CNBC Warren Buffett, the man who pioneered buy and hold investing, just made quite a fast buck from a type of investment he once mocked. Berkshire Hathaway bought $250 million of Snowflake stock at the IPO price and an additional 4.04 million shares from another stockholder at the debut price.
Investment flows between China and the US fell to their lowest level in almost a decade in the first half of the year, as the coronavirus pandemic and political tensions cast a shadow over cross-border activity. Capital flows between the two countries amounted to $10.9bn in the first six months of 2020, lower than any
California became the first US state to have conducted 13m coronavirus tests, even as the wildfires there have resulted in a drop-off in testing in recent days and weeks. The state also had its biggest daily jump in coronavirus fatalities in about a fortnight, with authorities this afternoon reporting a further 164 deaths. That was
The oil & gas industry is comprised of companies involved in the exploration, extraction, refining, and transportation of oil and gas products. The industry also includes oil & gas companies that provide drilling and well-maintenance services. Some of the biggest names include Netherlands-based Royal Dutch Shell Plc. (RDS.A), Exxon Mobil Corp. (XOM), and France-based Total
CEO Michael Corbat answers questions at Citi’s 2017 Investor Day. Source: Citigroup.com Three years ago, Michael Corbat strode onto the stage of a ballroom in midtown Manhattan and proclaimed that a new day had arrived at Citigroup. The bank had set up the July 2017 event, its first investor meeting since the 2008 financial crisis
Michael Caputo, the communications chief at the US health department, is stepping down from his post for two months after accusing government scientists of being part of a criminal conspiracy to undermine the president. Mr Caputo will stand aside from his position for 60 days, the department said in a statement on Wednesday, days after
Julius Baer is in “advanced discussions” with the US Department of Justice to resolve allegations in a money laundering and corruption case linked to international football’s governing body Fifa, in a step towards drawing a line under the scandal for the Swiss bank. The Zurich-based group said in a statement on Wednesday that the talks
As your child moves toward adulthood, you face several milestone decisions. In each case, part of the decision involves a desire to help your child become more independent and responsible. But one milestone you may not anticipate—even though it will be part of their growing-up experience—is the filing of that first income tax return in your
When President Donald Trump landed in Sacramento this week as the worst wildfires in California’s history continued to burn, there were no state officials on the tarmac to welcome him. Instead California’s Democratic governor Gavin Newsom — a future presidential hopeful and the man charged with battling the blaze — ignored the usual protocols and
Crude prices have rebounded more than 4 per cent in two days after Hurricane Sally disrupted production in the Gulf of Mexico and data showed US stockpiles were shrinking. Brent crude, the international oil benchmark, rose more than 2 per cent on Wednesday to $41.43 a barrel, after a similar increase on Tuesday. West Texas
The solar energy industry has grown rapidly even as fossil fuels remain the dominant source of global energy use. Solar industry companies come from multiple sectors, including utilities, industrial, and energy, and include popular stocks such as First Solar Inc. (FSLR) and Sunrun Inc. (RUN). While some large utilities and energy companies have solar and
An independent review has raised concerns about Eastman Kodak’s corporate governance but found no evidence of insider trading when its top executive and a board member bought shares before the stock surged on news of a possible $765m loan from the US government. Jim Continenza, Kodak’s chairman and chief executive, and Philippe Katz, a board
Encouraging economic data boosted US stocks on Tuesday as investors bet on a recovery from the worst effects of the pandemic. The blue-chip S&P 500 index climbed 0.5 per cent while the tech-heavy Nasdaq Composite rose 1.2 per cent. Tesla and Netflix rose 7 per cent and 4 per cent respectively. Oracle ended the day