The problem with housing is prices have recovered but demand hasn’t: Real estate mogul Sam Zell
U.S. home prices have rebounded from the 2008 housing market crash, but demand is still low due to changes in living and buying habits of millennials, real estate mogul Sam Zell told CNBC on Wednesday. (order building of house…) “It’s...
L’Oreal CEO sees no slowdown in China despite US trade tariffs
L’Oreal’s Chief Executive Jean-Paul Agon told CNBC Wednesday that he sees no slowdown facing Chinese consumers, despite simmering trade tensions between Beijing and Washington. “In terms of consumption, at least in our categories … we don’t see any slowdown in...
The founder of Uber’s Middle East rival says the Khashoggi killing won’t slow investor interest
The co-founder and CEO of Middle Eastern taxi app Careem told CNBC that bad press surrounding Saudi Arabia won’t quell investor appetite for the region. The Dubai-based ride-sharing service was founded in 2012 and has successfully launched in more than...
Nothing should derail consumer confidence this holiday season, says CEO behind survey
The holiday season is shaping up to be a “very strong” one, said Steve Odland, president and CEO of The Conference Board. Consumer confidence rose to an 18-year high in October, according to The Conference Board, a global, independent business...
Yellen says rising deficit is unsustainable: ‘If I had a magic wand, I would raise taxes’
The United States is taking on too much debt right now, a problem that is will only worsen moving forward, former Federal Reserve Chair Janet Yellen said Tuesday. “If I had a magic wand, I would raise taxes and cut...
Stocks making the biggest moves after hours: Facebook, Electronic Arts, T-Mobile and more
Check out the companies making headlines after the bell: Facebook shares initially fell, then turned positive and rose 2 percent in the extended session after the social media giant released a mixed third-quarter earnings report. The company reported earnings of...
Cryptocurrency start-up Coinbase valued at $8 billion despite bitcoin’s plunge
Bitcoin’s value has dropped drastically this year, but the value of cryptocurrency exchange Coinbase is skyrocketing in the opposite direction. The San Francisco-based company on Tuesday announced a $300 million fundraising round that puts Coinbase’s new valuation at $8 billion...
Consumer confidence rises to an 18-year high in October
U.S. consumer confidence rose to an 18-year high in October, driven largely a robust labor market, suggesting strong economic growth could persist in the near term. The Conference Board said its consumer confidence index increased to a reading of 137.9...
Home price gains fall below 6% for the first time in a year: August S&P Case-Shiller index
Mortgage interest rates didn’t begin their recent surge until the start of September, but home prices were already feeling pressure, as fewer people could afford what was for sale. Nationally, prices rose 5.8 percent in August compared with August 2017,...
Hedge fund manager on his New York Times stake: ‘Newspapers are mostly dead, but the news isn’t’
Technology-focused hedge fund SoMa Equity Partners told investors on Monday that one of its best investment ideas is a stake in The New York Times Company. “Newspapers are mostly dead, but the news isn’t dead,” Gil Simon, SoMa’s founder and...
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Trading education
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