Billionaire investor Leon Cooperman slammed Democratic presidential candidates Elizabeth Warren and Bernie Sanders on their proposals to put an additional tax on the richest Americans. “Stop portraying billionaires as criminals,” Cooperman said on CNBC on Wednesday, the morning after Warren and Sanders in the latest Democratic debate cast themselves as […]
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Watch: Trump holds press conference with Italian President Sergio Mattarella
<![CDATA[ ]]> [The stream is scheduled to start at 12 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Donald Trump was slated to hold a press conference at the White House on Wednesday with Italian President Sergio Mattarella. The White […]
Here’s what each presidential candidate had to say about tech regulation at the Democratic debate
(From L) Democratic presidential hopefuls, Mayor of South Bend, Indiana Pete Buttigieg (L), entrepreneur Andrew Yang (C), former Representative for Texas Beto O’Rourke, participate of the fourth Democratic primary debate of the 2020 presidential campaign season co-hosted by The New York Times and CNN at Otterbein University in Westerville, Ohio […]
How Howard Schultz conquered self-doubt to build Starbucks into a $100 billion company
Despite having a net worth of more than $4 billion and being the driving force behind Starbucks for more than three decades, Howard Schultz says he’s just an average Joe, like you. “I don’t have an MBA. I did not go to an Ivy League school,” Schultz tells Masterclass.com in […]
Virgin Galactic and Under Armour unveil spacesuits for the first space tourists to wear next year
Virgin Galactic founder Richard Branson wearing the spacesuit Under Armour made for the space tourism venture’s astronauts. Virgin Galactic NEW YORK – Astronauts, meet athleisure. Under Armour on Wednesday unveiled the spacesuits it is making for people to wear on flights to the edge of space with Richard Branson’s Virgin […]
United Airlines CEO on Boeing 737 Max return: ‘No one knows’
A United Airlines airplane takes off at San Francisco International Airport. Gary Hershorn | Corbis News | Getty Images United Airlines CEO Oscar Munoz said Wednesday that a firm timeline for the return of the Boeing 737 Max, grounded since March after two fatal crashes, remains unknown. “No one knows,” […]
Pompeo says he and Pence expect to meet Turkish President Erdogan despite his refusal
President Donald Trump (R) talks with Secretary of State Mike Pompeo during a cabinet meeting at the White House July 16, 2019 in Washington, DC. Chip Somodevilla | Getty Images Secretary of State Mike Pompeo said on Wednesday that he and Vice President Mike Pence will meet with Turkish President […]
A meaningful surge to new market highs won’t happen until 2020, Medley Global predicts
Medley Global Advisors’ Ben Emons expects the market to break out in 2020. But his forecast doesn’t apply to the next few months. Despite this week’s strong market gains, the firm’s managing director of global macro strategy predicts uncertainty over the U.S.-China trade war and Brexit will prevail and continue […]
Weekly mortgage refinance applications rise, even as home purchase demand falls
Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Mortgage interest rates rose last week, but that didn’t throw any cold water on the mini-refinance boom that’s been going on for the past month. Applications for loans […]
Bank of America posts higher-than-expected profit on retail operations, expense discipline
Brian Moynihan, CEO of Bank of America, at the Goldman Sachs U.S. Financial Services Conference on December 4, 2018. Michael Newberg | CNBC Bank of America beat analysts’ estimates for profit and revenue as the firm’s consumer and banking businesses offset a slump in trading. The firm said net income […]