CNBC’s Scott Wapner talks to Chamath Palihapitiya, Social Capital Founder and Chief Executive Officer during the 2020 Delivering Alpha conference on Sept. 30th, 2020. CNBC Outspoken technology investor Chamath Palihapitiya said Wednesday that the Federal Reserve will have more influence over the markets in the next four years than whomever takes the White House in November.
Month: September 2020
Check out the companies making headlines in midday trading. Datadog — Shares of Datadog popped more than 11% after the cloud security platform announced a new strategic partnership with Microsoft’s cloud computing service Azure. Datadog will now be available in the Azure console as a first-class service, the company said. Nikola — Nikola soared 11% after
The Continuum in Miami has a sanitizing butler for their beachfront ESPR Mudrooms are out. Instead the real estate world is giving a hearty welcome to disinfection rooms—the same physical space that mudrooms took up in a house, but now they’re being rebranded as a place for homeowners or their guests to take steps to
A Canadian flag flies amid the Toronto skyline Roberto Machado Noa | Getty Images Despite a global recession brought on by the coronavirus pandemic, home values in major markets around the world continue to rise, with some at risk of overheating. Of 25 major cities analyzed, more than half are either at risk of a
Chicago-based CommonSpirit Health is eyeing the possible sale of up to $2 billion in the fourth quarter, the Chicago-based system reported in an investor notice. The system reported it was “currently evaluating” the financing to restructure and/or refinance existing debt including outstanding direct purchase bonds and to finance and reimburse itself for up to $750
Written by Nick Ackerman, co-produced by Stanford Chemist The Eaton Vance Enhanced Equity Income Fund II (EOS) has been on fire this year. This is thanks to its heavy weighting in tech. Led by a significant position in Amazon (AMZN). Eaton Vance runs a solid line-up of option-based funds. In this case, EOS is not
After Hadi Yousef began to invest in stocks, he soon learned the value of listening to a company’s earnings call. It didn’t take long for the then-Indiana University student to realize that tracking them down for a range of companies was a challenge. “Around that time, five years ago, I had really gotten into podcasts,
Earnings season kicks off in a couple weeks and here’s why it may be better than expected. The S&P 500 is down 4% for the month, the first down month since March, but investors are expecting big things from corporate earnings reports, which begin Oct. 13 when JPMorgan releases results. “September has been a rough
Ethan Brown, founder and chief executive officer of Beyond Meat, center, celebrates with his wife Tracy Brown, center left, and guests during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Thursday, May 2, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday
Gabriel Sofa Sixpenny While the economy has declined overall during COVID, home furnishing sales have been on the rise. This is especially true for direct to consumer brand Sixpenny, which at just three years old, is on its way to becoming a major player in the direct to the consumer furniture market. By the end
U.S. President Donald Trump arrives to speak about the administration’s coronavirus disease (COVID-19) testing plan in the Rose Garden at the White House in Washington, September 28, 2020. Carlos Barria | Reuters The Manhattan District Attorney’s Office said Tuesday it will not seek to enforce a subpoena for President Donald Trump‘s income tax returns until
New Jersey’s $32.7 billion budget for its shortened nine-month 2021 fiscal year includes the state’s largest reserve levels in more than a decade as a backstop for revenue hits that may result from a possible second wave of coronavirus. The approved spending plan, which Gov. Phil Murphy signed Tuesday afternoon, calls for a $2.5 billion
Currency has had a fruitful and largely charmed life, and watching it come into its crypto own is heart-warming indeed. Currency as we know it has been evolving throughout our lifetimes. Along the same timeline and gently curving slope that it has evolved along since the advent of currency. From bartering and trading for goods,
As you can see in the following chart, it’s been a fairly strong year for the gold bulls with the ProShares Ultra Gold ETF (UGL) seeing year-to-date gains of nearly 40%. It is my belief that UGL is headed higher over the next year. I believe that gold is set to rally over the next
Wharton School professor Jeremy Siegel told CNBC on Monday the stock market is likely primed for strong gains next year, regardless of whether President Donald Trump or Joe Biden occupy the White House. Siegel, who has been mostly bullish over the years, cited a number of reasons, including the increased money supply as a result of
Evan Spiegel, co-founder and chief executive officer of Snap Inc., speaks during the New Work Summit in Half Moon Bay, California, U.S., on Monday, Feb. 25, 2019. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines midday Monday: Devon Energy, WPX Energy — Shares of Devon jumped 9% while WPX
Will they be back? Barclays thinks not. At least not in their entirety. getty Is working from home here to stay? Barclays Capital thinks it is. In a special report published on September 22, Barclays equities analysts Ryan Preclaw in New York and Paul May in London wrote that working from home could reduce demand
People wait to visit a house for sale in Floral Park, Nassau County, New York, the United States, on Sept. 6, 2020. Wany Ying | Xinhua News Agency | Getty Images Exceptional demand for both new and existing homes, brought on by the stay-at-home culture of the coronavirus pandemic, has the housing market severely depleted.
Thirty-four S&P 100 companies that issued statements supporting racial equality will publicly disclose the composition of their workforce by race, ethnicity and gender, New York City Comptroller Scott Stringer said Monday. The firms agreed in response to a campaign on behalf of the New York City Employees’ Retirement System, Teachers Retirement System of the City
The Vanguard IT ETF (VGT) is up 23% YTD and 38% over the past year. It has been driven by a COVID-19 impacted market that has been rewarding the large-cap tech stocks for demonstrating excellent top- and bottom-line growth. This article will compare VGT with two leading technology ETFs and attempt to answer the most
A man wearing a face mask walks past a Nike store in Central Business District, Beijing, China on February 17, 2020. Andrea Verdelli | Getty Images The market is looking treacherous right now to end September, but top analysts still believe there are compelling stocks out there with robust upside ahead. Even in challenging economic
Take a look at some of the biggest movers in the premarket: Costco (COST) – Costco reported quarterly earnings of $3.04 per share, 20 cents a share above estimates. The warehouse retailer’s revenue also beat Wall Street forecasts. Comparable-store sales rose 11.4% compared to the 7.8% consensus estimate of analysts polled by Refinitiv. Costco also
California’s ultra luxury market is hot in Southern California getty In April when COVID hit California’s real estate market hard, I reached out to San Francisco-based Compass California President Mark McLaughlin and CoreLogic’s CLGX Deputy Chief Economist Selma Hepp, Ph.D. for their expert insights. Once again, we discuss market fundaments, as we move into Fall
The coronavirus remote work experiment will become a permanent trend, but at some point, employees will return to the office in numbers that match the past. When? It could take five years, according to a new forecast from Cushman & Wakefield. Global office vacancies will not return to their pre-Covid peak levels until 2025 and,
A project to bring a rail link to New York’s LaGuardia Airport is closer to breaking ground in the face of fiscal headwinds created by the COVID-19 pandemic. The Federal Aviation Administration released its draft environmental impact statement for the proposed AirTrain last month with the public comment period scheduled to conclude on Oct. 5.
As you can see in the following chart, the iPath S&P 500 Dynamic VIX ETN (XVZ) has somewhat surprisingly held its ground in the wake of the melt-up seen in the VIX earlier this year. In this article, I argue that while I believe XVZ has an above-average chance of rallying some over the next
Kim Sohee | Getty Images (CNBC Pro subscribers can access the 13D Active-Passive Investor Summit featuring the most influential activist investors by registering here with promo code ”13DCNBC20′ for a 20% discount.) Company: Apartment Investment and Management Co. (AIV) Business: Apartment Investment and Management Co. is a REIT that focuses on the ownership, management, redevelopment, and development
The Fearless Girl statue is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., June 11, 2020. Brendan McDermid | Reuters Stock market volatility, with sharp ups, downs and reversals, is likely to be the norm again in the week ahead, as investors await Friday’s jobs report and watch
Aviva is the Managing Broker of Sonenreich & Co, a third-generation commercial real estate broker, owner and investor in Denver, Colorado. getty Working in the family business — industrial real estate — I can’t help but encounter an overwhelming number of family businesses on both sides of the table. As my family decided to pass the
Ariel Skelley | DigitalVision | Getty Images It’s no wonder so many Americans retire down south. The Sunshine State has four of the top five places for retirement, according to the latest WalletHub Best & Worst Places to Retire report. “Florida is a tax haven for everyone, but especially for the elderly, so when it
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