Getty Images Got your first job at a start up? This workplace perk gives you a shot at a windfall — if you’re lucky. When offered as part of a compensation package, stock options give workers an opportunity to own a slice of the company. It can be an attractive […]
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Amazon’s Bezos starts sharing the spotlight with top lieutenants as he focuses on other projects
Jeff Bezos, founder and CEO of Amazon, center left, speaks with Amazon employees after he made a surprise appearance during a Amazon Veterans Day celebration, honoring the Warriors@Amazon, a group of employees who have served in the military and their spouses, in an event outside a hanger at the Long […]
The loft from MTV’s ‘Real World: New York’ is for sale for $7.5 million — take a look inside
The downtown Manhattan apartment where seven strangers lived together on the premiere season of MTV’s ‘The Real World: New York’ is for sale for $7.5 million. Castmates Becky Blasband, Andre Comeau, Heather B. Gardner, Julie Gentry, Norman Korpi, Eric Nies and Kevin Powell lived and filmed together for several months […]
Gen-Z’s favorite app TikTok is turning weird memes into money
Source: Chipotle In April, Marc Anthony True Professional started to notice some out-of-the-norm sales data from stores like Walmart and Target. Sales of a certain product in its line of “Strictly Curls” products, which promises to define curls and help with shine and humidity control, were seeing a “pretty dramatic […]
Big tech’s antitrust fears give investors a rare chance to buy Facebook, Amazon on the cheap
FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC Washington’s apparent assault on big tech companies like Alphabet, Facebook and Amazon could be a blessing in disguise for investors as they present a massive buying opportunity. Alphabet and Facebook shares fell 3.4% and 2.3%, respectively, for the week. Amazon […]
Inflation trend suggests Treasury yields will surprise the Street and won’t bottom for months
Economic forecaster Lakshman Achuthan sees a bearish trend unfolding that should keep Treasury yields at multi-year lows longer than Wall Street anticipates. Achuthan, co-founder of the Economic Cycle Research Institute, builds his case on a single chart showing forward looking inflation measures. His major takeaway: Inflation is in a downturn, […]
NYC to Shanghai in 40 minutes: SpaceX’s goal for point-to-point space travel
Sending everyday people to space has been a dream since the days of the Apollo missions but space travel has long been out of reach for all but a select few humans in history. However, space tourism is slowly coming closer to reality, with companies like Richard Branson’s Virgin Galactic […]
Trump is playing a risky game by weaponizing US economic power with tariffs
The effectiveness of President Donald Trump’s unprecedented weaponization of tariffs in addressing non-trade issues is facing its most significant tests yet in Mexico and China. In the case of Mexico, he had threatened new 5% tariffs on Mexican goods – which were to be imposed as early as Monday. The […]
There’s only a ‘very small’ chance of a no-deal Brexit, says UK’s Hammond
Chancellor of the Exchequer Philip Hammond leaves 11 Downing Street on May 22, 2019 in London, England. Peter Summers | Getty Images The key thing to remember is that Britain is a parliamentary democracy, and there is a clear majority in Parliament against a no-deal exit. Parliament will ensure, in […]
‘We’re at an impasse’ with China, says Canadian Finance Minister Morneau
Canadian Minister of Finance William Morneau speaks at the World Bank Group/International Monetary Fund Annual Meetings in Washington on October 12, 2017. Saul Loeb | AFP | Getty Images I can’t say that I necessarily have a sense of optimism, because we’re at an impasse. It’s a difficult moment. Bill […]