A Chinese passenger that just arrived on the last bullet train from Wuhan to Beijing is checked for a fever by a health worker at a Beijing railway station on January 23, 2020 in Beijing, China. Kevin Frayer | Getty Images Procter & Gamble said Thursday that it is monitoring the spread of the Wuhan
Intel CEO Robert “Bob” Swan announces the company’s Tiger Lake chips at the technology fair CES. Christoph Dernbach | picture alliance | Getty Images Intel shares jumped 7% in extended trading on Thursday after the chipmaker reported better-than-expected fourth-quarter earnings, extending a rally that’s pushed the stock to its highest since the dot-com bubble in
A food delivery courier working for Just Eat in London. Simon Dawson | Bloomberg | Getty Images Takeaway.com’s £6.2 billion ($8.1 billion) takeover of rival food delivery firm Just Eat has been delayed after the U.K.’s antitrust regulator launched an initial probe into the deal. The Competition and Markets Authority (CMA) said on Friday that
The Hudson River Valley has long attracted city dwellers trying to escape New York. The beautiful region — an 150-mile stretch from the northern tip of Manhattan to Albany — features abundant forests, fertile farmlands and dramatic views of the pristine Hudson River. Hudson Valley is popular in the autumn, but the winter — shown
Goldman Sachs CEO David Solomon told CNBC on Thursday that starting this year, his investment bank wouldn’t help companies go public without at least one “diverse” board member. “Starting on July 1st in the U.S. and Europe, we’re not going to take a company public unless there’s at least one diverse board candidate, with a
katleho Seisa Lawmakers have diluted a retirement tax break popular among wealthy Americans, leading many to consider a strategy known as a Roth conversion for individual retirement accounts to try softening the blow. A Roth conversion involves the owner of a traditional IRA, which is funded with pretax contributions, moving that money into an after-tax
Travelers wearing face masks stand in line inside the departure hall at West Kowloon Station, operated by MTR Corp., in Hong Kong, China, on Thursday, Jan. 23, 2020. Paul Yeung | Bloomberg | Getty Images Coronavirus, which has killed 17 people in China, infected at least 648 people around the world, including the first in
A display of Procter & Gamble’s Pampers diapers are seen on sale in Denver. Rick Wilking | Reuters Procter & Gamble on Thursday reported quarterly revenue that fell short of estimates for the first time in five quarters, hurt by a stronger dollar and a struggling baby segment, which includes Pampers diapers. But the consumer
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC J.P. Morgan Chase CEO Jamie Dimon got a 1.6% raise to $31.5 million for his work in 2019 after his bank posted record earnings and shares
Kanazawa is known as Japan’s “Little Kyoto” for a reason. Up until the late 19th Century, the castle town of Kanazawa flourished under the powerful Maeda clan, who ruled over an ancient province then known as Kaga. Cherry blossom petals fall in Nagamachi samurai district. DavidCallan Today, Kanazawa is a lively modern city with a
Virgin Galactic shares have been on a blistering run and analysts see a variety of factors driving the space tourism company’s stock momentum, from investor excitement about space to speculation about the company’s valuation. “Lately, we are having more conversations on SPCE than any other US stock in our coverage with the possible exception of
Thomas Barwick If you’re a Vanguard investor who is hoping to file your taxes early, you may be disappointed. Clients at The Vanguard Group who switched from the firm’s mutual fund platform to its brokerage account in 2019 will receive two sets of tax forms for that year, the company confirmed. These Form 1099s will
Cruise Origin driverless shuttle Cruise The future of the auto industry isn’t horsepower or style when it comes to autonomous vehicles and ride-hailing services. It’s a box. The most recent proof of this came Tuesday night with Cruise, a majority-owned subsidiary of General Motors, debuting its first vehicle specifically designed to operate without a driver.
An employee works on the assembly line installing parts on the Duratech 35 V6 engine at the Ford Motor Co. Engine Plant in Lima, Ohio, U.S. on Friday, March 28, 2014. Ty Wright | Bloomberg | Getty Images DETROIT — Ford Motor expects to take a pretax hit of about $2.2 billion in the fourth-quarter
Bill Miller Dan Mescon | CNBC Investor Bill Miller came back with a bang in 2019, riding the stock market’s relentless rally to record highs. He also thinks there may be more gains in 2020. Miller’s firm, Miller Value Partners, posted a return of 119.5% last year net of fees, he told investors in a
If you happen to hit the next Powerball jackpot, brace yourself for the life-changing decisions ahead of you. With no one matching all six numbers drawn on Wednesday, the top prize has jumped to $373 million for Saturday night’s drawing. And while winning such a huge amount could open a world of possibility, formulating a
Seth Klarman Getty Images Billionaire hedge fund manager Seth Klarman defended value investing, saying in a letter to clients that several factors, including the proliferation of passive investing, have created market mispricings that will soon lead to a payoff for the long underperforming strategy. Klarman, the CEO of the Baupost Group, said his fund posted
wecolmia | Getty Images Morgan Stanley Wealth Management clients now have a new way to manage their cash, with the launch of the asset manager’s CashPlus account. The new account aims to compete as an alternative to traditional banking. It is directed at the firm’s existing wealth management clients, who can open an account with
Ground operations employees load baggage onto a Southwest Airlines Boeing 737 aircraft on the tarmac at John Wayne Airport (SNA) in Santa Ana, California. Patrick T. Fallon | Bloomberg | Getty Images Southwest Airlines‘ fourth-quarter profit tumbled more than 21% after the grounding of the Boeing 737 Max drove up the Dallas-based carrier’s costs, it said
Brian Roberts, chairman and chief executive officer of Comcast Corp. Patrick T. Fallon | Bloomberg | Getty Images Comcast on Thursday reported fourth-quarter earnings that exceeded estimates for the top and bottom lines. Shares of Comcast were up as much as 2.1% in pre-market trading. Here are the key numbers: Earnings per share: 79 cents vs.
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