Ghosn’s latest bail hearing comes exactly two months after he was detained by Japanese authorities who were investigating allegations Ghosn and another Nissan executive, Greg Kelly, did not disclose the full amount of Ghosn’s compensation over several years. Last week, a judge in Tokyo denied Ghosn’s request for bail, clearing the way for him to
What’s your net worth? Even if you don’t fly on private jets or play polo, this simple equation is an important tool that says a lot about your financial health. Still, most people don’t bother to calculate it. That’s a mistake. “It’s the first snapshot into an overall look at your finances,” said Michael LaRiviere,
“I don’t think these responses show that a bottom has been reached,” Loewengart said of E-Trade’s latest survey. “We would see it in the asset allocation question and we not seeing it,” he said, pointing to findings in the survey that show the majority of investors with $1 million or more in their accounts are
President Donald Trump and his cabinet are skipping out on Davos this week, but he’ll still be the biggest presence at the annual gathering of the world’s richest and most powerful people. Whether it’s the U.S.-China trade dispute, Trump’s reported wish to withdraw from NATO, or the government shutdown threatening the world’s biggest economy, it’ll
January 20, 2009 was a historic day, as Barack Obama became the first African-American president in United States history. It was also a chilling time in the economy, as major financial institutions were still struggling and the country was bleeding hundreds of thousands of jobs every month. The government’s response was still uncertain, with many
“Drivers like these trucks because they are peppy and quiet,” Lindgren said. The fuel-cell system that will be used in the prototypes will be supplied by Toyota and is an updated version of an original test vehicle that operated at the ports this past year. The new trucks will actually pair two stacks producing about
When Goldman Sachs talks, investors listen. Goldman analyst Patrick Archambault, who covers Tesla, put out a report with a price target on the stock of $84, a 34 percent discount to the prior day close of $127.26. Archambault had come up with three scenarios for the company, based on how many cars it would sell,
In his last book, “Stay the Course,” Jack Bogle left investors and professionals a warning about a coming battle in investment management. He had been watching closely over the past few years as a growing number of academics raised questions about the size of big passive fund managers, such as Vanguard, BlackRock and State Street
Lewis Goldman, the chief marketing officer at at LendKey, said they were working to take such old ads off the internet. “We don’t make claims any more about absolute savings,” Goldman said. The CEO of Splash Financial, Steven Muszynski, said its advertised savings rate of $29,340 is “very sporadically used.” “We also are clear wherever
Redler said he’s still long the market, but is hedging because the quick gains have made it riskier. “The next stop traders are looking at is 2,700 to 2,730 … next week could be a good week for a pause while [the market] digests the move.” Redler said next week’s reports will be important, but
Comcast: The NBC and CNBC parent will report earnings Wednesday as it waits for its deal to buy a majority stake in European television network Sky to close. “I think the deal’s terrific because Comcast has grown so large that the regulators frown on them making more acquisitions here in the U.S.,” Cramer said. “The
Losses in streaming will likely surge in the early days of the venture, as content and technology costs spike, said Rich Greenfield, an analyst at BTIG. Disney has also yet to assume control of another 30 percent of Hulu, part of its $71.3 billion deal for the majority of 21st Century Fox. If Disney were
I remember it as if it were yesterday. It was the middle of November 2000. Thanksgiving was still a week in the distance but seemingly closer as the enthusiasm for the long weekend began to build, a waystation into a final push to year-end. I dreaded that time of year because, for me and the
David L. Ryan | The Boston Globe | Getty Images Mark Zuckerberg, Harvard dropout and CEO of Facebook, a company worth nearly $400 billion, is pictured at the Harvard University commencement in Cambridge, MA on May 25, 2017. Facebook is making yet another attempt to win back teens to its platform — this time, with
Tesla shares took a big hit to end the week after CEO Elon Musk announced that the company would cut 7 percent of its workforce in order to cut costs as the company prepares to ramp up production and boost margins as they get closer to releasing the long-awaited $35,000 version of the Model 3.
Bogle believed that culture trumped strategy every time and that Vanguard would be a place where everyone’s contribution was valued and respected, McNabb told CNBC on Friday. The culture Bogle fostered at Vanguard was one of hard work, treating everyone with respect, always doing the right thing and putting clients’ interests first, McNabb said. Bogle
Keon said the market is not signaling a recession although in the heat of December’s downdraft, many strategists said the market was reflecting that fear. “It’s way too early to say this is the beginning of a recession. the data has been mixed. Industrial production was good,” he said. However, consumer sentiment plummeted from December’s
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 fine” against Facebook for allegedly
Drew Angerer | Getty Images Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) ahead of the opening bell, January 4, 2019 in New York City. As the earnings season continues to turn up big winners, Morgan Stanley offers a list of its best trading ideas. Earnings season kicked
R. Kelly has been dropped by Sony Music, according to reports in Variety and Billboard. The news comes after Lifetime’s documentary series “Surviving R. Kelly” aired earlier this month. In it, several women accuse the R&B singer of sexual misconduct. Sony Music did not immediately respond to a request for comment. A protest occurred Wednesday
In addition, 73 percent of that same group said they would provide “student loan tools.” Some employers have adopted plans to help workers who are grappling with debt. For instance, Abbott introduced its Freedom 2 Save Plan: Employees who put 2 percent of their pay toward their student loans will receive a 5 percent “match”
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 weekly gain. The markets are
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 open on Friday morning. In
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 of over $1 trillion, the
With the government shutdown now in its fourth week, banks and credit unions are ramping up help to federal workers. Some 420,000 employees are considered “essential,” and are working without pay, while an estimated 380,000 others have been ordered to stay home. Colorado’s Alpine Bank has set aside $5 million to help furloughed workers. If
Still, picking up another job isn’t an easy process for government employees, said Richard Painter, a law professor at the University of Minnesota and the chief White House ethics lawyer for President George W. Bush. Government agencies typically require employees to obtain approval before they can take on an additional job, Painter said. Ethics lawyers
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 earnings for the company. Dimon’s
Eli Lilly said on Friday its cancer treatment Lartruvo, approved on an accelerated basis in 2016, failed to improve patient survival in a long-term study and will no longer be prescribed, driving shares down 3 percent before the bell. The company said it expects to take a charge in the first quarter of 2019 as
Tiffany tempered its yearly profit forecast on Friday after its holiday sales fell unexpectedly as Chinese tourists spent less globally and the U.S. luxury jeweler faced softer demand in Europe and at home. Like other firms which sell luxury products, Tiffany relies on demand from China’s burgeoning middle class as consumer demand for its rings,
The stock market’s positive response to a report that U.S. officials were considering lifting tariffs on China to get a trade deal was telling, but it wasn’t necessarily good, CNBC’s Jim Cramer said Thursday. “Stocks that had been crushed on Chinese worries roared higher like this arrangement was already a done deal” despite the report
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