Proxy advisor Institutional Shareholder Services on Friday recommended investors vote against a stock plan for employees at Goldman Sachs Group Inc, concerned about its costs and the bank’s heavy use of stock-based compensation. In a report to clients sent by an ISS spokesman, the leading proxy advisor wrote that the […]
CNBC News
It’s ‘very important’ Europe reacts to Russia’s ‘unprecedented’ behavior, says EU’s Dombrovskis
It’s “very important” that Europe responds to Russia’s “unprecedented” behavior, the Vice President of the European Commission Valdis Drombrovskis told CNBC, in the wake of the nerve agent attack on a former spy. Several European countries decided to expel some Russian diplomats from their national territories last month. The decision […]
Europe is at a ‘critical juncture’ on economic reform, says EU’s Dombrovskis
The European Union is at a critical point regarding its economic future, the Vice President of the European Commission Valdis Drombrovskis told CNBC. The man in charge of the euro and financial stability wants to see the euro zone implementing key economic reforms — to be better equipped against a […]
Arizona, Texas send 400 National Guard troops to border as Mattis orders deployment of up to 4000
Arizona and Texas announced Friday that they would send 400 National Guard members to the U.S.-Mexico border by next week in response to President Donald Trump’s call for troops to fight drug trafficking and illegal immigration. Arizona Gov. Doug Ducey said about 150 Guard members would deploy next week. And […]
Give trade peace a chance, says Business Roundtable CEO Joshua Bolten
Thursday night, President Trump tripled down on his unilateral threat to impose tariffs on Chinese imports – upping the level from $50 billion to $150 billion and putting American businesses, consumers and the U.S. economy in the crosshairs of an escalating trade confrontation between the world’s two largest economies. The […]
Top VC deals: Spotify goes public, Mobike sells for $2.7 billion and Tesla investor Steve Jurvetson has a new fund
Here’s a round-up of the most important deals in venture capital from the past week. Spotify went public through a direct listing on the New York Stock Exchange on Tuesday. One analyst at Stifel called the music streaming service one of the best value deals on the internet behind Amazon […]
Veteran trader Art Cashin: We were close to having potential market ‘bloodbath’
U.S. stocks plunged on Friday, but things could have been much worse, closely followed trader Art Cashin told CNBC. “We were very close to having a potential bloodbath on the close,” Cashin said Friday on “Closing Bell.“ While the Dow Jones industrial average ultimately ended 572.46 lower, at one point […]
Cramer Remix: Don’t let fear keep you away from this ‘renaissance’ group
The major averages may have ended Friday in the red, but CNBC’s Jim Cramer didn’t want volatility to scare investors away from a group that’s coming back with a vengeance: Apparel retail. “I’m calling it the U.S. apparel renaissance,” the “Mad Money” host said. “Yep, we’ve gotten a series of […]
Low black unemployment doesn’t show the whole picture: Urban League CEO Marc Morial
The latest black unemployment rate, though near its historic low, does not paint a complete picture of African-Americans’ economic situation, said Marc Morial, president and chief executive officer at the National Urban League. “The black unemployment rate is still twice as high as the white unemployment rate,” Morial said Friday […]
Cramer: The market’s fear gauge is showing signs that stocks could be bottoming
On a turbulent day for the stock market as trade war worries mounted, CNBC’s Jim Cramer took to the charts to get a technical take on the market layout. “When the averages are falling apart, the thing to focus on is the CBOE Volatility Index, the VIX for short, also […]