As a result of both moves, the blacklist would maintain nine jurisdictions deemed to facilitate tax avoidance. The other six are American Samoa, Guam, Namibia, Palau, Samoa and Trinidad and Tobago. The document, prepared by EU officials and dated March 8, also adds Anguilla, The British Virgin Islands, Dominica and Antigua and Barbuda to a…
It has been one month since the market bottomed on Feb. 9. It was a wild week, one for the record books. The volatility index, the VIX, went from 17 to nearly 50 in a couple days. The S&P 500 dropped 10 percent from its Jan. 26 all-time high to the bottom on Feb. 9.…
A bet on Amazon at the stock market’s exact bottom of the financial crisis nine years ago Friday would have made brave investors a lots of money. Investors who put $10,000 in Amazon on March 9, 2009 — when the S&P 500 hit its closing low during the financial crisis — would have $250,000 today.…
Chip stocks have surged 15 percent from their 2018 lows in early February, and trader and CNBC contributor Todd Gordon believes Intel is the chip name to buy. “Intel and the rest of the chips have performed very well in this recent period of volatility that we’ve seen,” the founder of TradingAnalysis.com said Thursday on…
Who says the stock picker is dead? As volatility has returned to the markets, investors would be wise to turn to active management over passive management, one market watcher argues. While the market has managed to recoup most of its losses since the February lows, investors would be wise to consider active management, said Michael…
U.S. stocks have done extremely well since the end of the financial crisis, but real estate investment trust GGP has left everyone in the dust. GGP, which invests in shopping centers and changed its name in 2017 from General Growth Properties, is up more than 7,000 percent since the S&P 500 reached its financial crisis…
Tesla shareholders should use any rallies in the electric car maker’s stock to get out, according to one top Wall Street firm. Morgan Stanley reiterated its equal weight rating for Tesla shares, saying Amazon may lower transportation logistics costs, hurting the company’s trucking opportunity. “We expect that Tesla will successfully overcome bottlenecks and ramp Model…
Check out which companies are making headlines before the bell: Boeing — Chairman and CEO Dennis Muilenburg told Reuters the aerospace manufacturer has “plenty of cash horsepower” to make acquisitions, such as the proposed tie-up with Brazil’s Embraer. The chief executive said Boeing was “making progress” in its talks with Embraer and is looking at…
The rising yields on U.S. bonds have started a new trend: holding cash, a market strategist told CNBC on Friday. U.S Treasurys have seen yields rising since the start of the year on fears that inflation will creep up at a faster-than-expected pace, and the Federal Reserve will therefore be forced to increase interest rates…
Regional banks could see more shaky trading on Friday after an unpredictable Thursday. But don’t be spooked by swings. This is still the space to watch, says one market veteran. “We would continue to own the space,” Michael Bapis, partner and managing director at the Bapis Group at HighTower Advisors, told CNBC’s “Trading Nation” on…
Because many women take breaks from their career or plan on working past 65, it is imperative for them to keep their skills fresh. While not working full time, women can still continue to develop their skills by working on a contract basis through the gig economy, Collinson suggested. And women who are in the…
Now is the time to buy bitcoin, according to a new “misery index” for the cryptocurrency created by a Wall Street strategist. “When the bitcoin misery index is at ‘misery’ (below 27), bitcoin sees the best 12-month performance,” Fundstrat Global Advisors co-founder Thomas Lee said in a Friday report. “A signal is generated about every…
Lloyd Blankfein, Goldman Sachs’ chairman and chief executive, is preparing an exit by the end of the year after a 12-year tenure atop the Wall Street powerhouse, according to a report. Goldman shares took an immediate hit following the late Friday morning report from The Wall Street Journal but then stabilized and was up 1.5…
Many people believe that if their boss wasn’t happy with them when they stopped working, they won’t qualify for benefits, said George Wentworth, senior counsel at the National Employment Law Project. “The culture of the workplace is in many ways deferential to employer decisions,” he said. Workers generally can’t be disqualified for benefits due to…
A Lloyd Blankfein exit as Goldman Sachs chairman and chief executive makes sense because he’s concerned about the future of the bank, CNBC’s Jim Cramer said Friday. The Wall Street Journal reported Friday that Blankfein, 63, is preparing an exit by the end of the year after a 12-year tenure that saw the stock soar…
Eric Korsh became a problem shortly after he became the executive chef of North End Grill in the spring of 2014: He gave unwelcome massages to female staffers, made inappropriate comments about female customers that he found attractive, and regularly lost his temper at both kitchen and front-of-house staff, according to eight former staffers. Korsh’s…
New York is the favorite city of the world’s wealthy, as measured by where they want to put their families and their money, according to a new report. The Knight Frank City Wealth Index, created by the London-based real estate firm Knight Frank, ranked the world’s top cities by their appeal to the rich. New…
Not everyone on Wall Street will be sad to see Goldman Sachs CEO Lloyd Blankfein go, if he exits this year as reported by The Wall Street Journal on Friday. Banking analyst Dick Bove told CNBC the only disappointing thing about Blankfein’s reported departure plan is that it isn’t taking place right now. “I think…
Steven Bloom, director of governmental relations for the American Council on Education, said the endowment tax will do nothing but harm. “It just takes away money from schools that will be hit and sends the money to Washington,” Bloom said. “Those dollars could be used for things like financial aid.” One of the schools that…
Following the financial meltdown that rocked the U.S. economy a decade ago, Congress enacted a variety of regulations in the sweeping Dodd-Frank Act of 2010 to better protect consumers from risky mortgages. Loans that were little understood or that ended up being unaffordable contributed to millions of homeowners losing their homes to foreclosure. One of…