Month: January 2018

Jeff Bezos’ wealth hit $105.1 billion, according to the Bloomberg Billionaires Index, passing Microsoft co-founder Bill Gates’ previous record from 1999. Bezos‘ net worth nudged upward thanks to a rise in Amazon stock, which is up 6.6 percent year to date. Bezos first passed $100 billion in November on impressive Black Friday sales. It seems
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The cryptocurrency market will strengthen after bitcoin alternatives that lack substance have failed, a former chief executive and co-founder of Ethereum said. “My personal opinion is that we’re going to see a consolidation after a crash,” Charles Hoskinson told CNBC in an interview Friday. Hoskinson now runs blockchain research firm IOHK, but was previously in
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As the stock market resumed its march higher on Monday, CNBC’s Jim Cramer pinpointed the main drivers fueling the monstrous rally. “First, let’s understand: this market is largely driven not by stock-pickers, but by index funds,” the “Mad Money” host said. “That index fund money comes in automatically, every day, over the transom. Billions of
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Samsung Electronics on Tuesday said it was expecting record operating profit of about 15.1 trillion Korean won (about $14.13 billion) for the December quarter. That number fell short of a Reuters average forecast of 15.9 trillion won in operating profit, but it was likely up 64 percent from a year ago. Samsung said its fourth-quarter
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President Donald Trump will likely get a polite reception from farmers and agribusiness leaders when he addresses the American Farm Bureau Federation’s convention Monday in Nashville, but there’s still challenges and uncertainties facing the industry whether on trade, labor or the farm bill. Farmers want assurances that trade disputes such as NAFTA won’t close markets
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The U.S. government continues to crack down on wacky trading activity in shares of companies involved in cryptocurrency. The Securities and Exchange Commission has halted trading in shares of UBI Blockchain Internet, a Hong Kong-based company, citing potentially inaccurate information in its disclosures to the regulator and unusual and unexplained market activity in the stock
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“One of the goals is to prevent terrorists from boarding commercial aircraft,” Yonkers said. All states are currently in the process of implementing Real ID programs. Twenty-eight states and territories are already fully compliant and 26 have been granted extensions through Oct. 10, 2018. Just two territories, American Samoa and Northern Mariana Islands, are still
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Sam Edwards/Caiaimage | Getty Images A dose of healthy fear is good for investors, even during bull markets. The year 2017 was a good year to be an investor. The Dow Jones Industrial Average just passed through the 24,000 level for the first time ever. The S&P 500, a broader measure of the market, finished
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With retailers reporting strong holiday sales, and some consumers saying they turned to plastic to fund those purchases, it looks like 2018 will be the year that credit card debt crosses $1 trillion. “The scary number — $1 trillion — we’ll definitely hit in 2018,” said Jill Gonzalez, an analyst with WalletHub. “It seems to
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The Federal Reserve should raise interest rates three times this year given the already strong economy will get a boost from tax cuts, and can tighten more or less aggressively if needed, a key U.S. rate-setter said on Saturday. In an interview, San Francisco Fed President John Williams painted a benign picture of the world’s
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Assoulin opened a New York City showroom in 2017 but intentionally keeps the inventory limited and the price point reasonable (she declined to discuss specific sales numbers). “It’s accessible rather than aspirational,” she said. “If you have $75, you can buy a bracelet.” There are now brightly colored earrings and necklaces as well, all in
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Pope Francis advised against making the pursuit of money, a career or success the basis for one’s whole life, urging people in his Epiphany remarks Saturday to also resist “the inclinations toward arrogance, the thirst for power and for riches.” Francis said during a homily at Mass in St. Peter’s Basilica that people “often make
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