The U.S. Securities and Exchange Commission obtained an emergency freeze of $27 million in profits from stock sales involving the CEO of cryptocurrency company Longfin and three other affiliated individuals, the agency said in a statement Friday. Longfin’s stock was halted on the Nasdaq as of 10:01 a.m. ET on […]
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How your sweetheart’s spending affects your well-being
Money habits matter a lot in a relationship, even if you’re not married or living together, concludes Melissa A Curran, an associate professor at the University of Arizona, in a new study published in the Journal of Family and Economic Issues. The way your romantic partner spends and saves directly […]
These 5 last-minute tax cheats will cost you
Think twice before claiming an $8,000 charitable deduction for those old t-shirts you gave away last year. A recent study by Credit Karma Tax showed that 6 percent of about 2,000 people polled ‘fessed up to fibbing on their taxes. This comes as no surprise to the Internal Revenue Service, […]
This 25-year-old guessed at 80% of his HQ Trivia questions — and won over $20,000
On March 28, Jason Varney, a 25-year-old admin from western Ohio, became one of a dozen winners who split a record $250,000 jackpot from popular live game show app HQ Trivia. The prize money, all $20,833.33 of it, appeared in his PayPal account this week, Varney tells CNBC Make It. […]
BET founder: Trump’s economy is bringing black workers back into the labor force
The growing U.S. economy and improving business environment is bringing black workers back into the labor force, BET founder Robert Johnson told CNBC on Friday. Johnson, the nation’s first black billionaire, spoke before Friday’s jobs report, which showed nonfarm payrolls rose 103,000 in March, falling well short of the 193,000 […]
Netflix is offering more than $300 million for an LA-based billboard company: Sources
Netflix is attempting its largest acquisition, offering more than $300 million to acquire a company that owns billboards across Los Angeles, including West Hollywood’s famed Sunset Strip, according to people familiar with the matter. The move illustrates how one of the most successful streaming media companies values physical advertising assets […]
Jamie Dimon sees the 10-year bond at 4 percent. These traders say that call is a long shot
JPMorgan CEO Jamie Dimon says the yield on 10-year Treasurys could get to 4 percent this year. Two market watchers aren’t buying that forecast. Boris Schlossberg of BK Asset Management says the struggle to 3 percent makes 4 percent a long shot, while Strategic Wealth Partners’ Mark Tepper definitely sees […]
‘Tired of being told no,’ Trump freezes out chief of staff John Kelly
When President Donald Trump made a congratulatory phone call to Russian leader Vladimir Putin, White House chief of staff John Kelly wasn’t on the line. When Trump tapped John Bolton to be his next national security adviser, Kelly wasn’t in the room. And when Trump spent a Mar-a-Lago weekend stewing […]
Key ECB policymaker warns that a trade war would have ‘damaging’ consequences for US jobs
A key policymaker at the European Central Bank (ECB) believes a trade war would have “damaging” consequences for the whole world, including the U.S. Benoit Coeure, an executive board member at the euro zone’s central bank, warned that the current rhetoric on trade could escalate and provoke severe shocks in […]
Guggenheim investment chief sees recession, 40% plunge in stocks ahead
Guggenheim’s head of investing sees a tough road ahead for the market and economy, with a sharp recession and a 40 percent decline in stocks looming. Scott Minerd, who warned clients in a recent note that the market is on a “collision course with disaster,” expects the worst of the […]