New York Knicks owner James Dolan’s actual passion project is futuristic, dome-shaped arenas
New York Knicks James Dolan has never made the team his number-one priority, much to the chagrin of the NBA team’s exasperated fan base. But many Knicks fans may not know that Dolan’s latest passion project involves futuristic, dome-shaped arenas...
Two risks that could surprise the market in the second half
While Wall Street focuses on U.S.-China trade war dangers, Medley Global Advisors’ Ben Emons sees two risks making a comeback. The way the world’s affairs are shaping up, he warns Brexit fallout and the threat of U.S. tariffs on European...
Trump keeps talking about ‘quantitative tightening,’ but he’s overstating its impact
President Donald Trump has railed repeatedly about the Federal Reserve’s “quantitative tightening” and the impact it has had on economic growth during his administration. The program will be over soon, which may not bring as much relief as Trump thinks....
80% of the stock market is now on autopilot
Traders work on the floor at the New York Stock Exchange, May 23, 2019. Brendan McDermid | Reuters It’s no secret that machines are taking up a bigger and bigger share of investing, but the extent of their influence is...
By the numbers: Best June for the Dow since 1938, S&P 500’s best first half in two decades
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Wall Street wrapped up a roaring June and first half of the year as investors cheered the prospects of easier monetary policy from the Federal...
Dish grabs leverage as it talks to Deutsche Telekom and DOJ about becoming fourth wireless network
Charles Ergen Andrew Harrer | Bloomberg | Getty Images Dish co-founder Charlie Ergen is back in wireless acquisition talks after several failures over the last six years. But this time, if Ergen can convince Deutsche Telekom, U.S. regulators and a group...
Facebook’s digital currency boss says he’d love somebody with central banking experience
David Marcus, vice president of messaging products for Facebook Inc., speaks during a Bloomberg Television interview on the sidelines of the Wall Street Journal D.Live global technology conference in Laguna Beach, California, U.S., on Wednesday, Oct. 18, 2017. Patrick T....
US consumer spending rises in May, but inflation remains muted
U.S. consumer spending increased moderately in May and prices rose slightly, pointing to slowing economic growth and benign inflation pressures, which could give the Federal Reserve more ammunition to cut interest rates next month. The Commerce Department said on Friday...
Here’s what every major Wall Street bank believes will happen at the Trump-Xi trade meeting
The countdown is on to this weekend’s G-20 showdown between President Donald Trump and Chinese President Xi Jinping. Reports surfaced on Thursday that Xi was prepared to present terms of an agreement but that China wanted a deal with “balance.”...
Trump might not need to hear much to strike a truce with China: Senior official
President Donald Trump wouldn’t need to hear much from Chinese officials to at least strike a truce in the trade war between the two sides, a senior administration official told CNBC. Trump and Chinese President Xi Jinping are set to...
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