Victoria’s Secret is back in the swimwear business — sort of. The lingerie retailer said Monday that its swim collection for 2019 is now available, but only online. “Due to overwhelming demand,” Victoria’s Secret said it just plans to sell pieces — a “limited assortment” — on its website, not in stores, for the upcoming
Andrew Harrer | Bloomberg | Getty Images Sheryl Sandberg, chief operating officer of Facebook Inc., left, listens during a Senate Intelligence Committee hearing in Washington, D.C., U.S., on Wednesday, Sept. 5, 2018. Facebook shares had their worst day of the year on Monday, falling nearly 4 percent and extending last week’s losses. The drop came
When it comes to passing on wealth to heirs, family dynamics can be the biggest obstacle. Indeed, nearly 8 out of 10 financial advisors polled by Key Private Bank said that navigating tricky familial relationships is the most difficult part of estate planning. The bank surveyed about 130 of its own advisors online in December
Saul Loeb | AFP | Getty Images Federal Reserve Board Chairman Jerome Powell arrives to speak at a press conference after the Fed announced interest rates would remain unchanged, in Washington, DC, January 30, 2019. Goldman Sachs says the Federal Reserve is likely to let inflation run higher than its 2 percent target. The central
Jackie Cook, a specialist in corporate environmental, social and governance (ESG) disclosure analysis and founder of FundVotes, which was acquired last year by Morningstar, said the “engagement first, voting later” rationale doesn’t add up, because there is no reason why these companies can’t do both. And the engagements suffer from a lack of transparency. “There
Daunting numbers indeed, but these conditions speak to priorities undertaken years earlier. Many families would list education as their No. 1 goal, and given the exorbitant cost of college tuition, it only makes sense that their nest egg is less than robust. This is an important distinction to make, that insufficient retirement savings could be
Ride-hailing platform Lyft said on Monday it would raise as much as $2 billion in an initial public offering. Lyft expects to price 30.8 million shares between $62 and $68 per share, it said in a filing. At the higher end of the range, the company will have a market valuation of $19.64 billion. Lyft
Simon Dawson/Bloomberg/Getty Images The Saudi Stock Exchange, also known as the Tadawul All Share Index, in Riyadh, Saudi Arabia Saudi Arabia’s stock exchange, the Tadawul, took its first step Monday of inclusion in two major international indexes: the FTSE Russell and S&P Dow Jones’ emerging markets indices. The inclusion marks a continuation of efforts by
Deripaska told CNBC that both countries are prepared to spend trillions of dollars on defense despite that more than half of such an expenditure was likely to be “unnecessary.” When asked whether the prospect of a change of president in the U.S. next year might present an opportunity for improved ties between Washington and Moscow,
Economic forecaster Lakshman Achuthan is warning investors they could get scorched by one of 2019’s most popular groups. Achuthan believes the semiconductor rally is showing signs of breaking down, and he’s blaming shipment demand. “Collapse comes to mind when you look at global demand for semiconductor chips,” he said Friday on CNBC’s “Trading Nation.” Achuthan,
Lyft’s IPO will mark the first time a ride-hailing company has debuted on the U.S. public markets. Lyft launched in 2012 and is led by its founders, Logan Green and John Zimmer. The ride-hailing industry, which touted $36.5 billion in sales globally in 2017, is expected to grow rapidly in the coming years, but is
If you and your estranged spouse are leading separate lives in separate homes, you might be thinking of filing your taxes that way, too. Most married couples residing together under the same roof would see fit to file their income taxes on one joint return. A number of couples have sought the alternative, which is
Source: Robin Coccomo Robin Coccomo, and her son Paul, 18, at home. However, all of those schools are expensive. The cost for tuition plus room and board at a four-year private school hit $48,510 for the current school year, according to the College Board. At public four-year institutions, the total was about half of that,
“It’s an emerging technology in the very, very early stages of commercialization,” said Dean Frankel, Solid Power’s head of business development. “It just takes time from a scale-up standpoint.” While some start-ups work toward perfecting and scaling up the solid-state battery, others like Sila Nanotechnologies hope to take advantage of current lithium-ion manufacturing processes to
Johannes Eisele | AFP | Getty Images A trader laughs ahead of the closing bell on the floor of the New York Stock Exchange (NYSE) on February 1, 2019 in New York City. Stocks hit a new high for the year this week, back on track to match a post-election pattern that has stood the
A merged bank would likely be the third largest in Europe after HSBC and BNP Paribas, with roughly 1.8 trillion euros ($2.04 trillion) in assets, such as loans and investments, and a market value of about 25 billion euros. However, skeptics questioned the wisdom of a merger. “We do not see a national champion here,
Whether the winner takes their prize as an annuity spread out over three decades or as an immediate reduced lump sum, lottery officials are required to withhold 24 percent for federal taxes. However, the top federal tax rate of 37 percent means the winner would owe a lot more at tax time. For Wednesday night’s
Microsoft has plenty of experience in the auto industry, beyond Volkswagen. The company has highlighted Aston Martin, Honda, Mazda and the Renault-Nissan Alliance as Azure customers, and Nadella said in a 2016 interview with the Wall Street Journal that Daimler, BMW, Ford and Toyota are “significant customers of ours.” “I’m very thrilled about all the
One canadian pot company is making a huge splash in the U.S. market. Earlier this week, cannabis product retailer Harvest Health and Recreation announced it would buy competitor Verano Holdings for $850 million in an all-stock deal, marking the largest U.S. cannabis deal to date. The combined company will be one of the country’s largest
ROME (AP) — Italy prosecutors have opened an investigation into the death of a Moroccan model who testified in one of the inquiries linked to ex-Premier Silvio Berlusconi’s “bunga bunga” parties. Imane Fadil, 34, died March 1 at a Milan hospital, where she had been treated since Jan. 29 exhibiting “symptoms of poisoning,” Milan prosecutor
Millennials have been accused of killing canned tuna, motorcycles and diamonds. But they’re actually helping at least one industry: Irish whiskey. Over the last five years, the volume of Irish whiskey sold in the U.S. grew by 61 percent, according to the Irish Food Board. In 2018 alone, sales grew by 9.4 percent compared to
Stocks kicked off 2019 with a bang as U.S.-China trade tensions simmered while the Federal Reserve signaled patience in raising rates. However, stocks will need improving economic data to make a run at the record levels set last year. The Dow Jones Industrial Average and S&P 500 are both 4 percent away from their all-time
IN THE CAR WHERE Paula Hanson lives, often parked outside a local sheriff’s station in Lancaster, California, her phone wouldn’t stop ringing. Hanson tried to explain to the employees at Discover Bank all that had happened to her. First, she had been laid off from her job, and then her father fell ill and she
Top young basketball players will soon have a choice of whether to take their talents to college hoops or to an alternate paid summer league while continuing to pursue their education, retired NBA champion David West told CNBC on Friday. West, who earned championship rings with the Golden State Warriors in 2017 and 2018, is
Helping kids get into college is a big business — and it’s growing fast. The industry gained some unwelcome notoriety early this week when dozens of people — including actresses Felicity Huffman and Lori Loughlin — were arrested in an admissions bribery scheme. The person behind it was William “Rick” Singer, founder of the Edge
The S&P 500 closed up 2.9 percent for the week, its best so far this year. It’s now at the highest level since early October, after breaking through key resistance levels near 2815, where it failed several times. The S&P is now less than 4 percent from the old historic closing high (2,930 on September
On Tuesday, the scheme’s mastermind, William “Rick” Singer, pleaded guilty to federal charges. Singer, founder and CEO of the Edge College & Career Network, had cooperated with investigators in the probe. Other parents who have been charged include PIMCO CEO Douglas Hodge, now-former Hercules Capital CEO Manuel Henriquez, top lawyer Gordon Caplan and investment fund
The Fed’s meeting is the big deal for markets in the coming week, and it is widely expected to send a message that investors in both bonds and stocks could find bullish. But analysts in both markets say the Fed’s message has been well telegraphed, and market response could be tepid or even a “sell
Activision Blizzard and Spotify were among the stocks Wall Street analysts recommended to clients as undervalued this week. CNBC combed through company research to find analysts discussing buying opportunities for stocks. Other names cited as possible values include: Newell Brands, Dollar General, Marvell, and Anthem Activision “is down nearly 50% in the past six months
Ali Balikci | Anadolu Agency | Getty Images Uber application logo is seen on a screen in front of taxi board in Ankara, Turkey on August 31, 2018. Uber is reaching for a lofty valuation in its upcoming initial public offering. An expected $120 billion valuation for the ride-hailing company would make it more valuable than