Investing News

SpaceX President and COO Gwynne Shotwell Jay Westcott / NASA SpaceX president Gwynne Shotwell returned to her alma mater on Monday and delivered Northwestern University’s commencement address to the class of 2021. Speaking virtually, Shotwell gave Northwestern’s students an overview of her career, especially focusing on the nearly two decades that she’s worked for Elon
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Editorial Policy Updated August 8, 2019 Our mission is to simplify complex financial information and decisions so that our readers have the confidence to manage every aspect of their financial life. Your financial life is filled with personal decisions and challenges. Whether you are investing as a beginner or expert, planning your retirement, buying a
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There has never been agreement about what should be done to solve the ballooning U.S. debt problem. On one side are those who believe higher tax rates are required to bring in desperately needed revenue. On the other side are those who believe that raising taxes is a bad idea, especially during a recession, and
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A series of GEN1 satellites ready to head to a launch site. Kepler Communications Kepler Communications, a start-up that is building a satellite internet network for service outside of the Earth, raised $60 million in a new round to help the Toronto-based company grow, including an expansion in the U.S. “We’re not selling to businesses
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In this article PSTH Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Company: Pershing Square Tontine Holdings, Ltd. (PSTH) Business: Pershing Square Tontine Holdings is a special purpose acquisition company (“SPAC”). The firm does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition,
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In July 2011, the Consumer Financial Protection Bureau (CFPB), a federal government agency, began collecting consumer complaints about credit cards. Since then, it has expanded to collecting complaints about mortgages, bank accounts, student loans, consumer loans, credit reporting, money transfers, and debt collection. If you have a complaint about one of these financial services, here’s
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In this article TSLA AMZN CNBC’s Jim Cramer on Friday suggested the U.S. impose a surtax on billionaires following this week’s ProPublica report on how some of the richest people on the planet are avoiding taxes. In recent years, billionaires including Amazon CEO Jeff Bezos, Tesla CEO Elon Musk, and businessman Michael Bloomberg, investors Carl
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There’s no doubt that there’s been a rise in the popularity of marathons and their accompanying half-marathons—especially in recent years. But if you believe these events are reserved for elite athletes, think again. There’s a marathon for everyone—from people who just want to have a good time to those seeking an obstacle course. And don’t
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Financial services for cryptocurrency holders have been growing as a subset of the fintech industry for years. Now, crypto 401(k)s are entering the mix. A small 401(k) provider called ForUsAll is now allowing participants to allocate up to 5% of their retirement funds into cryptocurrency.  The offering includes 50 different crypto assets including bitcoin, which
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Costco Wholesale Corp (COST), the warehouse store that everyone either loves or loves to hate, has a secret. Costco members can buy cars through a little known program called the Costco Auto Program. Key Takeaways Costco offers its members discounts on new and pre-owned car purchases through an affiliate network of carmakers and dealerships. The idea
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In this article CLOV CLNE VIRT The frenzied activity involving so-called meme stocks is being driven by more than just retail investors, the CEO of market maker Virtu Financial told CNBC on Wednesday. “There’s a lot of institutions, professional traders, speculators, whatever you want to call them, engaged in this in both the cash equities
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In this article BRK.A Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles, California. May 1, 2021. Gerard Miller | CNBC Warren Buffett’s Berkshire Hathaway made a $500 million investment in the parent company of Nubank, a privately held digital bank based in Brazil, the South American company announced on Tuesday. Nubank, which was
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An artist’s rendition of a Terran R rocket launching to orbit. Relativity Space 3D-printing specialist Relativity Space raised $650 million to step up work on a fully reusable rocket that will attempt to challenge Elon Musk’s SpaceX in less than three years, the company announced on Tuesday. The money will be used “to accelerate some
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Bulge Bracket vs. Boutique Banks: An Overview Aspiring investment bankers can work in one of two types of investment banks: bulge bracket or boutique. Bulge bracket banks are multinational, brand-name banks that regularly handle billion-dollar transactions and employ thousands of people in financial centers around the world. Then there are boutique banks—smaller, younger banks that specialize
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