Business

Global investor Barry Sternlicht told CNBC on Wednesday he continues to hold a cautious view on investing in China. “We’re not investors directly in China,” the chairman and CEO of Starwood Capital Group said in an interview on “Squawk Box.” “It’s not a China thing, so much as countries where we think the deck is stacked or we can’t

In this article WBA Elizabeth Holmes, the founder and former CEO of blood testing and life sciences company Theranos, arrives for the first day of her fraud trial, outside Federal Court in San Jose, California. September 8, 2021. Nick Otto | AFP | Getty Images SAN JOSE, CALIF. — A defense attorney for embattled Theranos

Federal Reserve officials could begin reducing the extraordinary help they’ve been providing to the economy by as soon as mid-November, according to minutes from the central bank’s September meeting released Wednesday. The meeting summary indicated members feel the Fed has come close to reaching its economic goals and soon could begin normalizing policy by reducing

In this article .XAL It’s been a busy week for the airlines. Delta reported a profit for the third quarter on Wednesday morning thanks to better demand than a year earlier. Meanwhile, Southwest Airlines dominated the headlines earlier in the week after a wave of cancellations – the company scrapped more than 2,200 flights from

In this article HOOD BLK AsiaVision | E+ | Getty Images Despite the high demand for values-driven investing, few individual shareholders participate in corporate decisions. But some companies and funds are making it easier for investors to voice concerns through a proxy voting process. When someone buys a stock, they become part-owner of the company

In this article SIG Signage for Kay Jewelers, a subsidiary of Signet Jewelers Ltd., is displayed on the exterior of a store in New York. Bloomberg | Bloomberg | Getty Images Signet Jewelers on Tuesday said it agreed to buy the off-mall jewelry chain Diamonds Direct USA for $490 million in cash, in a bid

In this article ELAN Marko Geber | DigitalVision | Getty Images Company: Elanco (ELAN) Business: Elanco is one of the largest global animal health pharmaceutical companies, developing and marketing products for both pet health and farm animals. It offers pet health disease prevention products, such as parasiticide and vaccine products that protect pets from worms,

For the first time in the 12-year history of “Shark Tank,” a Black woman is sitting in one of the investment chairs. Emma Grede, the 39-year-old co-founder and CEO of denim-brand Good American and founding partner of Kim Kardashian’s shapewear-apparel line SKIMS, is set to appear as a guest Shark on Friday’s season 13 premiere

JP Morgan CEO Jamie Dimon gives a speech during the inauguration of the new French headquarters of US’ JP Morgan bank on June 29, 2021 in Paris. Michel Euler| AFP | Getty Images Global supply-chain hiccups caused by the coronavirus have put a damper on economic growth, but the problem will be a fleeting one,

In this article CSG.N-CH LeoPatrizi | E+ | Getty Images More than a year and a half of concerns about inflation, rising interest rates and extreme government spending have increased the uncertainty of the investment markets. For this reason, it is imperative for seasoned and novice investors alike to protect their portfolios. I like to

Female doctor working with senior patient in a modern office clinic / hospital momcilog | E+ | Getty Images Sure, there are probably more entertaining things to do than review your Medicare coverage. Nevertheless, it’s about that time of year. Open enrollment, which starts Oct. 15 and runs through Dec. 7, is when you can

In this article LEVI Jeans are displayed at a Levi Strauss store in New York, March 19, 2019. Shannon Stapleton | Reuters Levi Strauss & Co. on Wednesday reported fiscal third-quarter earnings and sales that topped analysts’ expectations, as consumer demand picked up during the back-to-school season and shoppers looked to stock up on the

In this article GOOGL FB PTON Shannon Stapleton | Reuters Rising oil prices, the prospect of the Federal Reserve dialing back its easy-money policy and tension among lawmakers in Washington are just a few of the factors behind the latest bout of volatility in the markets. Top analysts are sticking by these names amid the

Ten years ago, Steve Jobs died at age 56 after a years-long fight with cancer — an untimely death for one of tech’s most influential presences. Collaborators and competitors alike have credited their success to the Apple co-founder, from current Apple CEO Tim Cook to Bill Gates and Elon Musk. Even some of today’s younger

In this article GSBD PNC A specialist trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York City, October 6, 2021. Brendan McDermid | Reuters Stocks proved hard to keep down this week, and the start of the earnings season next week could further bolster the comeback

People walk at a pedestrian crossing along the Orchard Road shopping district in Singapore on September 7, 2021. Roslan Rahman | AFP | Getty Images SINGAPORE — Singapore announced Saturday it will further tighten Covid restrictions for the unvaccinated, as Prime Minister Lee Hsien Loong predicted it will take between three to six months to

Two women sit at the Capitol Reflecting Pool in Washington, D.C. on Sept. 26, 2021. Samuel Corum | Getty Images Congress is hard at work on a deal to keep the U.S. government from defaulting on its debt this month. But the short-term agreement, which was passed by the Senate and is expected to go

A South Korean flag, left, and Samsung Electronics flag fly outside the company’s headquarters in Seoul, South Korea, on July 5, 2019. Jean Chung | Bloomberg | Getty Images Samsung Electronics shares edged higher on Friday after the company said its operating profit for the quarter that ended in September was likely 28% higher than

Boeing’s Starliner capsule sits on to an Atlas V rocket on the launchpad before the launch of the OFT-2 mission. United Launch Alliance NASA moved a pair of astronauts off Boeing’s first two crewed missions to a SpaceX mission next year, in a rare reassignment as the aerospace giant’s Starliner capsule remains delayed in development.

It’s one thing to come up with a $1 billion business idea. It’s quite another to come up with a string of them. But for entrepreneur Aaron Tan, it was fundamental. If he was going to start a business, it had to have room to grow. That’s a strategy instilled in him in his early

Lael Brainard, governor of the U.S. Federal Reserve, speaks during the National Association of Business Economics (NABE) annual meeting in Arlington, Virginia, on Monday, Sept. 27, 2021. Al Drago | Bloomberg | Getty Images Federal Reserve Governor Lael Brainard‘s increased influence ahead likely means substantial changes and challenges for the nation’s banking system. Considered a

In this article X CLF NUE STLD The Covid-19 pandemic threw supply chains into chaos, and steel — an essential metal used in everything from dishwashers to cars — was not immune to these disruptions. “Steel is certainly one of those examples of shortages, higher prices, and growing frustration among customers,” Associated Builders and Contractors

Alexandra Lashner of Bensalem, Pennsylvania, became frustrated after attempting to buy a house this year and decided to postpone homeownership. Source: Alexandra Lashner Alexandra Lashner and her husband were excited to buy their first home earlier this year. They saved up enough for a 20% down payment and had no debt. Yet they still couldn’t

In this article PEP Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo on Tuesday raised its full-year forecast after its quarterly earnings and revenue topped analysts’ expectations, despite higher costs and snarls in the supply chain. Shares of the company fell less than 1% in premarket

David McDonough, founder and CEO of Commonstock Commonstock A new social network is betting that enthusiastic retail traders are here to stay and that they want more transparency than what’s offered on Reddit.  Commonstock is a social media platform for talking about trades and financial markets. It features a Twitter-like news feed, with users ranking

SAN JOSE, CALIF. — A former lab director at Theranos testified on Tuesday he quit the company for one simple reason: The blood-testing technology just didn’t work. Adam Rosendorff, a key witness for the government, took the stand for the fifth day in the criminal fraud trial of ex-CEO Elizabeth Holmes. “There was tremendous pressure

In this article SWX Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Carl Icahn on Tuesday announced a sizeable stake in Southwest Gas, and the activist investor is pushing the Las Vegas-based utility company to drop its rumored acquisition of natural gas company Questar Pipeline.

In this article GM GM CEO Mary Barra talks with media prior to the start of the 2017 General Motors Company Annual Meeting of Stockholders Tuesday, June 6, 2017 at GM Global Headquarters in Detroit, Michigan. Photo by John F. Martin for GM DETROIT – General Motors CEO Mary Barra and other executives will detail

kate_sept2004 | E+ | Getty Images The recovery from the Covid-19 pandemic has been slower than a lot of people expected. For many Americans, that means their incomes are not yet back on track or may have suffered again during the onset of the delta variant. Data shows that hiring is still slow. Weekly initial

In this article F Thousands of Ford F-150s without chips are stored at Kentucky Speedway in Sparta, Kentucky, U.S., September 8, 2021. Jeff Dean | Reuters DETROIT – Ford Motor’s U.S. vehicle sales showed signs of improvement during the third quarter, but still fell by 27.4% from last year as an ongoing shortage of semiconductor