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Yearly Archives: 2019

White House games out potential new Trump infrastructure plan

Alex Edelman | AFP | Getty Images President Donald Trump speaks at a press conference in the Rose Garden of the White House in Washington, DC, on January 4, 2019. The Trump administration isn’t giving up hope of pursuing a “significant” infrastructure initiative during President Donald Trump’s first term. The …

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FTC is reportedly considering a ‘record-setting fine’ against Facebook

Saul Loeb | AFP | Getty Images Facebook founder and CEO Mark Zuckerberg arrives to testify following a break during a Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee joint hearing about Facebook on Capitol Hill in Washington, DC. The Federal Trade Commission is considering imposing a “record-setting …

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This sluggish market may call for a ‘low and slow’ portfolio, AB Bernstein says

Daniel Sorabji | AFP | Getty Images Traders work at the offices of CMC Markets in the City of London on December 10, 2018 as Britain’s Prime Minister Theresa May makes a statement in the House of Commons announcing the government’s intention to delay the ‘meaningful’ vote on the Brexit …

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Tesla has $920 million in debt that’s coming due, could affect cash

Tesla has a billion dollar debt coming due, and it could wipe out nearly a third of the company’s cash if the stock price doesn’t improve. About $920 million in convertible senior notes expires on March 1 at a conversion price of $359.87 per share. But Tesla’s stock hasn’t traded …

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The market is recovering because earnings are not so bad

Spencer Platt | Getty Images News | Getty Images A trader on the floor of the New York Stock Exchange the morning after the Dow Jones Industrial Average dropped over 1,000 points on Feb. 9, 2018.   Barring a major decline on Friday, the S&P 500 will record its fourth consecutive …

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Netflix, Boeing, Tesla, Eli Lilly & more

Drew Angerer | Getty Images News | Getty Images A trader works on the floor of the New York Stock Exchange (NYSE) ahead of the opening bell, January 4, 2019 in New York City. Following a strong December jobs report, the Dow Jones Industrial Average rose 350 points at the …

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China offers 6-year import boost to US in trade talks

China has offered a six-year boost in imports during its ongoing talks with the U.S., officials familiar with the matter told CNBC. Chinese officials made the offer during negotiations in Beijing earlier in January, Bloomberg News reported. China would increase its annual import of U.S. goods by a combined value …

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Trump cancels US delegation’s trip to Davos over government shutdown

Chris Kleponis | Getty Images President Donald Trump speaks to the media before departing the White House for Camp David on January 6, 2019 in Washington, DC. (Photo by Chris Kleponis – Pool/Getty Images) President Donald Trump has canceled his delegation’s trip to the World Economic Forum, citing the partial …

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NBA steps up its global plans to take basketball to new markets

Simon Cooper – PA Images | PA Images | Getty Images Washington Wizard’s Thomas Bryant (second right) shoots only to be Goaltending fouled for the winning points during the NBA London Game 2019 at the O2 Arena, London. Washington edged the game on Thursday night by a single point, with …

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JP Morgan CEO Jamie Dimon gets raise to $31 million

Janvhi Bhojwani | CNBC Jamie Dimon, CEO of JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit in Washington, D.C. on Dec. 6th, 2018.  J.P. Morgan Chase Chairman and CEO Jamie Dimon got a 5 percent bump — $2 million — in his pay last year following record annual …

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