A graduating student of the City College of New York wears a message on his cap during the College’s commencement ceremony in the Harlem section of Manhattan. Mike Segar | Reuters This was adapted from CNBC’s Work It newsletter on LinkedIn about all things work — from how to land …
Read More »Monthly Archives: April 2023
Fear creates growth opportunities in preferred stocks
Vgajic | E+ | Getty Images Seldom does an investment possess the combined virtues of manageable risk, rock-bottom prices and good prospects for growth, all with high dividend yields. These are the current characteristics of preferred stocks, a kind of bond-stock hybrid investment that trades like stocks but pays interest …
Read More »First Republic continues dramatic slide as it searches for rescue deal
Los Angeles, CA – March 13: People pass the First Republic Bank downtown on Monday, March 13, 2023 in Los Angeles, CA. Dania Maxwell | Los Angeles Times | Getty Images First Republic‘s stock sank again on Wednesday as investors kept an eye on a potential rescue deal for the …
Read More »Meta suffered a major Facebook ad glitch, clients asking about refunds
Mark Zuckerberg, chief executive officer of Meta Platforms Inc., speaks during the virtual Meta Connect event in New York, US, on Tuesday, Oct. 11, 2022. Michael Nagle | Bloomberg | Getty Images Over the weekend, Alex Gorlick experienced what he called the worst Facebook glitch he’s seen in the decade …
Read More »Britain blocks Microsoft acquisition of Activision Blizzard
An Activision Blizzard’s Call of Duty: Modern Warfare video game is inserted into the Microsoft’s Xbox One video game console arranged in Denver, Colorado, on Wednesday, Jan. 19, 2022. Michael Ciaglo | Bloomberg | Getty Images LONDON — Britain’s top competition regulator on Wednesday moved to block Microsoft‘s acquisition of …
Read More »Help now, or pay more later when it fails
Jakub Porzycki | Nurphoto | Getty Images The best hope for avoiding a collapse of ailing lender First Republic hinges on how persuasive one group of bankers can be with another group of bankers. Advisors to First Republic will attempt to cajole the big U.S. banks who’ve already propped it …
Read More »Bank of England’s Huw Pill says Brits need to accept ‘we’re all worse off’
Huw Pill, chief economist at the Bank of England, during a Bloomberg Television interview in London, U.K., on Friday, Feb. 4, 2022. Bloomberg | Bloomberg | Getty Images LONDON — Companies and workers are trying to pass the impact of inflation onto each other — and that risks persistent inflation, …
Read More »SK Hynix reports record quarterly operating loss, forecasts better outlook
South Korean chipmaker SK Hynix has reported a record quarterly operating loss of 3.4 trillion won ($2.54 billion) for the first quarter of the year. According to Reuters, this is its largest loss since the SK Group acquired Hynix in 2012. This is a reversal from the 2.84 trillion won …
Read More »Russia’s role in the global energy system is falling. Here are the beneficiaries
An LNG vessel in Tekirdag, Turkiye on April 12, 2023. ] Lokman Akkaya | Anadolu Agency | Getty Images Russia’s role as a global energy player is set to diminish, and the U.S. and Qatar are among a slew of nations ready to fill its shoes, analysts told CNBC. “Russia’s …
Read More »No. 1 mistake first-time investors make
A Roth individual retirement account can be a great option for those who want to start investing for the future, Tori Dunalp, self-made millionaire and founder of financial education platform Her First $100k, tells CNBC Make It. However, there’s a common mistake she sees many beginners make: not actually investing …
Read More »