Stewart Butterfield (C), co-founder and chief executive officer of Slack, and Allen Shim (2nd L), chief financial officer of Slack, ring the opening bell the New York Stock Exchange (NYSE), June 20, 2019 in New York City. Drew Angerer | Getty Images Shares of Slack rose as much as 15% […]
CNBC News
Goldman Sachs bankers are using flying drones to help clinch billion-dollar M&A deals
Richard Newstead | Moment | Getty Images Drones have arrived on Wall Street. Goldman Sachs, the world’s top mergers advisor, is among investment banks using drone technology to give its clients a bird’s-eye view of the companies they are bidding on, according to Stephan Feldgoise, the firm’s global co-head of […]
Delta pilots approve cost-cutting measures to avoid furloughs until 2022
A pilot talks on a mobile device near a Delta Air Lines gate at the Salt Lake City International Airport. George Frey | Bloomberg | Getty Images Delta Air Lines pilots voted in favor of pay cuts that would avoid furloughs until 2022 as the industry reels from the coronavirus […]
Weekly jobless claims higher than expected as labor market takes hit from rising Covid cases
The pace of first-time filings for jobless claims picked up last week, with the jobs market showing increasing vulnerability to the coronavirus spread. Claims totaled 778,000 for the week ended Nov. 21, ahead of the 733,000 expectation from economists surveyed by Dow Jones and up from 742,000 the previous week, […]
L Brands names a new chief to lead Victoria’s Secret, as it works to revive the lingerie brand
A woman wearing a protective mask passes a homeless person during the coronavirus pandemic on May 12 2020 in New York City. John Lamparski | Getty Images L Brands announced Wednesday a new head of its Victoria’s Secret lingerie business, as it works to revive the brand. Effective immediately, the […]
Josh Brown says money can buy happiness if you invest right. Here’s how you need to build your portfolio
Investing should always start with a simple question, according to Josh Brown. “Why do you want to invest?” Every decision you make after forming an answer should serve that goal, Brown said. The CNBC commentator and co-editor of the new book, “How I Invest My Money,” asked 25 financial experts […]
Gold to $2,500: Two ETF analysts break down Citi’s bullish call for 2021
Gold’s 2021 prospects look bright. Citigroup in recent weeks came out with a $2,500 price target on the yellow metal for 2021, comparing its mosaic of catalysts to that of gold’s 1970-1980 bull market. Those catalysts are “very much in place,” GraniteShares founder and CEO Will Rhind told CNBC’s “ETF […]
UK announces largest peacetime borrowing ever as Covid fuels economic plunge not seen for 300 years
The U.K. has announced its largest peacetime borrowing level ever as the coronavirus pandemic is forecast to cause the largest plunge in economic output for 300 years. The British economy is forecast to contract by 11.3% in 2020, according to the Office for Budget Responsibility (OBR), before growing by 5.5% […]
Covid cases are exploding across U.S. and Thanksgiving could be an ‘accelerator event’
Travelers wearing protective masks wait in line to go through security at San Francisco International Airport (SFO) in San Francisco, California, on Monday, Nov. 24, 2020. David Paul Morris | Bloomberg | Getty Images With Covid-19 deaths rising rapidly and daily new cases and hospitalizations both reaching all-time highs, epidemiologists […]
The market is looking for clues from the Fed on whether it will adjust bond buying
U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell are seated to testify before a House Financial Services Committee hearing on oversight of the Treasury Department’s and Federal Reserve’s coronavirus disease (COVID-19) pandemic response on Capitol Hill in Washington, U.S., September 22, 2020. Joshua Roberts | Reuters The […]