Ryan Graves was Uber’s first full-time CEO and employee, who was last senior vice president of global operations before announcing he would step down in August 2017. Graves said at that time he would remain on the board during the search for the replacement of his CEO successor, Travis Kalanick. Uber Uber said in a
From the outset, 2019 looked like it might be “The Year Of Retirement Reform” for Congress. Last year closed out with a number of retirement bills making real headway through DC, committees, think tanks and lobbyists, and we’ve been poised for major legislation to emerge. And now we have the first real movement of the
Traders work on the floor at the New York Stock Exchange May 7, 2019. Brendan McDermid | Reuters Trade headlines could be a big factor for markets in the week ahead, but investors will also be attuned to fresh inflation data and moves in the bond market, which is flashing new worries about the economy.
A beautiful beach house in Miami. Kobi Karp Architecture and Interior Design The start of summer means the beginning of outdoor living. But, that doesn’t mean you can’t live the outdoor life all year round. According to award-winning architect, Kobi Karp, founder and principal of Kobi Karp Architecture and Interior Design, one of the biggest trends in
Low-Tax States Are Now Adding Jobs 80% Faster Than High-Tax States Texas Public Policy Foundation Job growth has been running 80% stronger in low-tax states than in high-tax states since the passage of the Tax Cuts and Jobs Act of 2017 in December 2017. Understanding why holds important lessons for policy, economics, and politics. The
When the market hits an air pocket is often a good time to buy stocks. Getty When the market hits an air pocket, it is hard to buy stocks because of the fear in the air. But it’s times like this when stocks are cheapest because the fear has taken the optimism out of prices.
Daniel Loeb Simon Dawson | Bloomberg | Getty Images Daniel Loeb’s Third Point has built a stake in Centene as the health insurer works to complete its previously announced purchase of WellCare Health Plans. While the activist hedge fund confirmed on Friday that it has a financial position in Centene, neither the reason for its
Elon Musk Jim Watson | AFP | Getty Images SpaceX has raised just over $1 billion in financing since the beginning of the year, a filing seen by CNBC revealed on Friday, as the company seeks backing for its daunting plan to provide internet from a network of thousands of small satellites. The funds are
Investment banker Ken Moelis told CNBC on Friday that it’s “almost impossible” to get the boards of U.S. public companies to enter into China deals. The tense Washington-Beijing relations are impacting large-cap stocks, the deal-making powerbroker said on “Squawk on the Street. ” “What you’re seeing in this volatility is a macro risk: China trade
Michael Novogratz, CEO of Galaxy Investment Partners Adam Jeffery | CNBC Macro trader turned bitcoin bull Michael Novogratz is calling for fixes to capitalism — and a possible tax on Wall Street. The former Fortress hedge-fund manager pointed to a rising income gap and lack of investment in public education in the United States. One
Dr. Vasant Narasimhan, CEO of Novartis, speaking at the Healthy Returns conference in New York City on May 21, 2019. Astrid Stawiarz | CNBC The Food and Drug Administration on Friday approved Novartis‘ $2.13 million gene therapy for spinal muscular atrophy, sending the company’s shares traded in the U.S. 4% higher in midday trading. The
An American Airlines Boeing 737 MAX 8 flight from Los Angeles lands at Reagan National Airport shortly after an announcement was made by the FAA that the planes were being grounded by the United States in Washington, March 13, 2019. Joshua Roberts | Reuters United Airlines will extend flight cancellations through Aug. 3 as its
An employee arranges a sneaker display at a Foot Locker Inc. store inside the South Park Mall in Strongsville, Ohio. Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines midday Friday: Foot Locker — Shares of Foot Locker were down 17% in midday trading after the shoe retailer reported adjusted quarterly
For many seniors who are losing independence, the dilemma of how to manage looms. Millions of people over the age of 65 have barely enough to take care of living expenses for a few years, much less for a long retirement. What happens when your aging parent is one of them and she shows signs
U.S. President Donald Trump (Photo by Chip Somodevilla/Getty Images) Photo credit: Getty Images Getty The bond market suggests that president Trump will win the 2020 presidential election. Prices for corporate bonds point to a heating up of the U.S. economy early next year. And when it comes to who wins the White House, the strength of the
CNBC’s Healthy Returns Summit was held earlier this week in New York City, featuring keynote presentations and panel discussions on the future of the health-care industry. Topics ranged from controversial genetic-editing technique CRISPR to the way AI is changing the practice of drug discovery and medicine and reform of the U.S. health-care system. An audience
Jeffrey Sloan, CEO, Global Payments Scott Mlyn | CNBC Payment technology company Global Payments is nearing an agreement to acquire peer Total System Services for about $20 billion, in an all-stock deal that is expected to be announced Tuesday, people familiar with the matter tell CNBC. The people requested anonymity because the talks are confidential.
Bukharova | Getty Images One Wall Street strategist is warning that three factors could trigger the stock market’s next sell-off before the end of May and push the major indexes to lows as the summer season gets under way. The combination of mounting recession fears, bets on a more cautious Federal Reserve and a regular
With auto sales slowing, car shoppers are likely to find dealerships eager to move inventory over the Memorial Day weekend. While the holiday always marks a big sales push, this year it comes as cars are sitting on dealer lots longer before getting sold. The average in April was 75 days, about 6% higher than
A truck hauls a shipping container at Yusen Terminals (YTI) on Terminal Island at the Port of Los Angeles in Los Angeles, California Mike Blake | Reuters J.P. Morgan economists said they now see second-quarter growth of just 1%, down from their prior forecast of 2.25% and way off the 3.2% reported in the first