- S&P 5002,636.78-0.04%
- Dow 3024,370.24-0.22%
- Nasdaq7,031.83+0.16%
- Russell 20001,440.13-0.21%
- Crude Oil51.96+1.88%
- Gold1,248.40-0.08%
- Silver14.69+1.43%
- EUR/USD1.1321-0.3170%
- 10-Yr Bond2.8790+0.81%
- Vix21.76-3.89%
- GBP/USD1.2484-0.6230%
- USD/JPY113.3790+0.1024%
- BTC-USD3,410.60-1.63%
- FTSE 1006,806.94+1.27%
- Nikkei 22521,148.02-0.34%
Reuters•3 minutes agoChina's Tencent Music raises nearly $1.1 billion in U.S. IPO
China-based music streaming company Tencent Music Entertainment Group's (TME.N) has raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricing its American depositary shares (ADRs) at the low end of its indicated $13 to $15 per share range, a source said on Tuesday. The IPO shows how companies are defying a bout of stock market volatility with flotations. It tops off a bumper year for U.S. listings by Chinese companies, with $7.9 billion raised prior to Tencent Music's debut, Refinitiv data showed.
- InvestorPlace•6 hours ago
3 Chip Stocks to Buy for the Next 3 Years
Chip stocks have been among the market’s biggest winners over the past several years. Huge demand tailwinds from the data center, cloud computing, connected device and artificial intelligence (AI) markets have converged on a limited-supply base, creating a “high demand, low supply” dynamic in the chip market wherein chip prices are soaring. Such improvements have driven huge gains in chip stocks. Chip supply won’t remain subdued forever — it is already ramping to meet demand, and there are some reports out there that chip prices may have already peaked.
- American City Business Journals•yesterday
Big paychecks: Here's the typical employee salary at Intuit, Facebook, Google, Salesforce, Netflix, Box, Microsoft and 40 other big Bay Area tech employers
The latest big Silicon Valley tech employers to reveal how much they pay a typical worker are TurboTax maker Intuit Inc. and Guidewire Software, which makes back-end software for insurance companies. Like most of the region's biggest technology employers
- Bloomberg•52 minutes ago
AIG Returns to Booming CLO Market With First Post-Crisis Deal
The $500 million transaction is being arranged by Credit Suisse Group AG, and its most senior tranche was graded by S&P Global Ratings, Fitch Ratings, and Morningstar Credit Ratings. In May, the insurance giant purchased Charlotte, North Carolina-based Covenant Credit Partners, a small CLO manager led by industry veteran Marc Boatwright, to broaden its reach into the broadly-syndicated leveraged loan asset class. AIG had spun off its asset management arm in March 2010 to Pacific Century Group, which was renamed PineBridge Investments LLC.
- CNBC Videos•yesterday
Veteran trader Art Cashin: Markets are starting to see 's...
Art Cashin, UBS director of floor operations, speaks with CNBC's "Squawk Alley" on the slipping stock market.
- MarketWatch•9 hours ago
These Lowe’s stores are closing in the next three months
Lowe’s Companies said Monday that it will close 51 underperforming stores and other locations, including 20 stores in the U.S., as part of its plan to focus on its most profitable stores. The stores being closed in the U.S. are located across 13 states
- MarketWatch•3 hours ago
Here’s what smart rich people really do with their nest egg
Most people think they’re above average in intelligence, relationship status and professional achievement. Social scientists call this “illusory superiority.” My business partner Scott Puritz, has found the one area where even above-average people, objectively smart, rich, successful professionals, seem to wave the white flag and admit to not understanding — money and investing. “One of the most shocking things is the low-level financial literacy throughout our culture,” Puritz told the Washington Post.
- TheStreet.com•2 hours ago
Who Are the 9 Highest-Paid CEOs and How Much Do They Make?
In 2017, the CEOs of the top 350 companies in America had an average compensation of $18.9 million according to a study by the Economic Policy Institute. That is a 17.6% increase on the year prior. There is perhaps no clearer way to show the growing wage gap and wealth inequality in this country than in the salary of a CEO compared to that of other employees.
- SmartAsset•yesterday
How to Retire in Germany
Germany has become a popular destination for American retirees due to its reasonable costs, excellent healthcare system and well-kept infrastructure. As any financial advisor will tell you, one of the most important factors to consider when building a retirement plan is your cost of living. Like any other country, how much money you’ll need to live in Germany will depend on the city you choose.
- TechCrunch•3 hours ago
Tesla is suing alleged 'saboteur' for $167 million
Tesla is now seeking $167 million in a lawsuit against Martin Tripp, the former Tesla employee who CEO Elon Musk has referred to as a saboteur, CNBC first reported. The lawsuit, originally filed in June and seeking just $1 million at the time, alleges Tripp stole confidential and trade secret information, and gave it to third parties. Tripp, in July, filed a formal whistleblower tip to the U.S. Securities and Exchange Commission alleging Tesla misled investors and put its customers at risk.
Associated Press•2 hours agoCanada-China relations turn icy over arrest of Chinese exec
China has detained a former Canadian diplomat in Beijing in apparent retaliation for the jailing of a top Chinese executive at the request of the United States, escalating a legal and diplomatic wrangle between the three countries. Relations were shaken by Canada's arrest of Meng Wanzhou, chief financial officer of Chinese telecommunications giant Huawei and daughter of its founder. Canadian authorities detained Meng on Dec. 1 during a layover at the Vancouver airport.
- Fox Business•7 hours ago
Inside business in China: Motorola CEO details Huawei theft
Long before trade tensions between the U.S. and China, Motorola was thriving in what is now described as a “tough” environment to conduct business. It began more than 45 years ago, when President Richard Nixon first visited China and spoke on a Motorola-provided satellite phone, which eventually lead to Motorola becoming one of the first companies in China. In 1986 Robert Galvin, former chairman of the Motorola board of directors, led a delegation to China with the goal of learning how China and Motorola could benefit from investments and technology transfers.
- CNBC•8 hours ago
There could be an unlikely place to hide out if a recession is coming: Housing
The U.S. housing market has weathered all the recessions since 1980, with the exception of the Great Recession of 2008, Jefferies pointed out in a recent note. The FHFA U.S. house price index rose by an average of 7.4 percent in the year prior to a recession and prices rose an average of 2.7 percent from the start of a recession to the end, the note stated. "Other than during the GFC (Great Financial Crisis), home prices have kept rising even during recessions, probably because rates fall, the vast majority of people retained jobs and household formation continues," said Thomas J. Thornton, Jefferies' head of U.S. equity product management, in the note to clients Saturday.
- American City Business Journals•3 hours ago
DocuSign founder buys $13 million Mercer Island home after IPO
DocuSign founder Tom Gonser has purchased a $13.25 million Mercer Island home on the heels of the e-signature company’s $629 million initial public offering earlier this year. Gonser and his wife, Ellen Gonser, bought the 7,800-square-foot home last month, according to King County property records. Perched on Mercer Island’s Faben Point, the two-story home has five bedrooms with views of the Bellevue and Seattle skylines.
- CNBC Videos•23 hours ago
Apple stock action tells you all you need to know about t...
Jim Cramer argues that the market's lack of conviction is perfectly captured by the movements in shares of Apple.
- U.S.News & World Report•7 hours ago
Illegal Tax Moves to Avoid
Ignorance isn't bliss when it comes to the U.S. tax code. Failing to fill out your tax return correctly, even if you make an honest mistake, isn't going to earn you immediate forgiveness from the Internal Revenue Service. "When you sign your tax return, you're signing it (to say) that everything is accurate and true," says Mark Jaeger, director of tax development at tax software company TaxAct.
- American City Business Journals•yesterday
Boeing unveils new luxury VIP 777X business jet for world's wealthiest flyers (Photos)
Boeing unveiled a new luxury VIP business jet model for its massive new 777X widebody jet. Boeing said it plans to launch a 777X VIP luxury business jet that can fly more than half way around the world nonstop – farther than any business jet ever built. "Our most exclusive customers want to travel with the best space and comfort and fly directly to their destination," said Greg Laxton, head of Boeing Business Jets.
- American City Business Journals•5 hours ago
Where McDonald's reigns as most popular brand in 50 states
Burger behemoth McDonald’s no doubt will be happy to know it has emerged as one of two brands said to be the most popular among consumers in its home state of Illinois, according to a new study of the most popular brands state by state. UPS wasn’t just one of the two most popular brands in Illinois alone. The company also was cited as the single-most popular brand in six other states, including Idaho, Utah, Arizona, New Mexico, Texas and Maryland. UPS tied with Coca-Cola (NYSE: KO) and Mercedes-Benz as the most popular brands in Georgia.
- MarketWatch•3 hours ago
Suze Orman has a killer question for your retirement
Suze Orman is one of those singular personalities in the financial business who seems to be right on the pulse of everyone she meets. She’s written books, starred in her own television show and made innumerable appearances in person. Like Oprah and Bono, she’s nearly a one-name-only celebrity.
- CNBC•9 hours ago
Investors should be furious: 3 blue-chip stock buybacks that went horribly wrong
The top 20 stock buyback programs in corporate America have spent $1.4 trillion buying back their own shares since the Great Recession ended. Most of the stocks being repurchased by company management have not outperformed the S&P 500. The bull market that began after the Great Recession has been propelled (in large part) by one factor: a stock buyback program.
- Benzinga•10 hours ago
Jim Cramer Weighs In On Cisco, General Electric And More
On CNBC's "Mad Money Lightning Round", Jim Cramer said Zuora Inc (NYSE: ZUO) is a good stock in a bad market. He added that it's violently out of favor and this is when you put a stock like Zuora away. Before making a decision on Home Depot Inc (NYSE
- CNBC•14 hours ago
US has a 'concerted strategy' to push allies to reject Huawei's 5G equipment: Eurasia Group
The United States has a "concerted strategy" to pressure its allies to shun Chinese tech giant Huawei's 5G network equipment, Eurasia Group analyst Kevin Allison says. U.S. allies, including the U.K., Australia, New Zealand and Japan, are keeping Huawei out. G technology will "set the tone for the rest of the 21st century," according to Allison.
- U.S.News & World Report•yesterday
11 Steps to Retire at 50 According to FIRE Retirement Pros
If the financial independence, retire early (FIRE) movement is any indication, early retirement is consuming a larger and larger portion of the American psyche. FIRE retirement practitioners aren't waiting until 65 to retire. Instead, they're retiring early by achieving financial independence (when your money makes enough money that you no longer need to work) decades before conventional wisdom says they should be able to retire.
- Bloomberg•12 hours ago
The Madoff Players: Where Are They Now?
Here’s where they are today.The Family The Mastermind: Bernard Madoff The 80-year-old disgraced financier, whose epic scam started as early as the 1970s, is serving a 150-year sentence at a medium-security federal prison in Butner, North Carolina. He pleaded guilty to fraud in 2009. By now, Irving Picard, the trustee overseeing the firm’s liquidation in bankruptcy court, has recovered about 70 percent of approved claims, or $13.3 billion, with settlements such as a $162 million deal with the owners of the New York Mets back in 2012 and, just this year, a $280 million accord with the hedge fund operator and philanthropist J. Ezra Merkin. In the end, Madoff expressed regret -- for pleading guilty so quickly.
- SmartAsset•yesterday
Best Places to Retire in Nevada
If you’re looking for a tax-friendly retirement, Nevada is one of the places to be. Withdrawals from retirement accounts and public and private pension income are also not taxed. To find the best places to retire in Nevada, we looked at a few important factors.
