Investing News

Tesla, Inc.’s (TSLA) colorful CEO Elon Musk has provided updates on the company’s Cybertruck, launched with a splash in 2019, and suggested that it could end up becoming a flop in the market. On Twitter, Musk’s favorite social media platform, the CEO wrote that the car’s doors would not have handles. Instead, it would simply

Treasury Secretary Janet Yellen speaks during the daily press briefing on May 7, 2021, in the Brady Briefing Room of the White House in Washington, DC. Saul Loeb | AFP | Getty Images U.S. Treasury Secretary Janet Yellen will meet with the President’s Working Group on Financial Markets next week to discuss the role stablecoins

President Joe Biden has a unique and challenging task—managing the nation’s economic recovery after a global pandemic that caused unemployment to surge to levels not seen since the Great Depression. The International Monetary Fund (IMF) predicts U.S. economic output will drop 4.3% this year after 2.2% GDP growth last year. The expectation is that when

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2021. Brendan McDermid | Reuters Junk bonds aren’t so junky anymore, with a strong fundamental backdrop helping to underpin what traditionally has been one of the riskiest sections of the financial markets. Yields in the $10.6

Demographic changes in the United States and elsewhere have major implications for investment risks and returns. The combination of declining birth rates and increasing numbers of retirees could have disastrous consequences for retirement plans and wealth creation. Therefore, any portfolio should be constructed with the older population in mind. In this article, we’ll show you what

A Falcon 9 rocket booster lands after launching the company’s Transporter-2 rideshare mission on June 30, 2021. SpaceX Private investment in space companies hit $4.5 billion in the second quarter, a record for the sector, according to a report on Wednesday by New York-based firm Space Capital. “This was the largest quarter on record for

A put is a strategy traders or investors may use to generate income or buy stocks at a reduced price. When writing a put, the writer agrees to buy the underlying stock at the strike price if the contract is exercised. Writing, in this case, means selling a put contract in order to open a position. And in exchange for

In this article CLNE CLOVW GME AMC Pedestrians pass in front of an AMC theater in New York. Scott Mlyn | CNBC The price of AMC Entertainment stock has been cut in half from its peak amid a big rout in meme stocks this month as the reality of bubble-like rallies and failing businesses started

Who Enforces GAAP? Responsibility for enforcement and shaping of generally accepted accounting principles (GAAP) falls to two organizations: The Financial Accounting Standards Board (FASB) and Securities and Exchange Commission (SEC). The SEC has the authority under securities law to both set and enforce accounting standards, while the FASB, an independent non-governmental body tasked by the

The chairman and CEO of the world’s largest asset manager told CNBC on Wednesday that he worries about a “silent crisis of retirement,” citing global monetary policies that create disincentives for savers. “Unquestionably, as central banks keep rates low, or negative in Europe, the savers are getting slammed,” BlackRock co-founder Larry Fink said on “Squawk

What Is the Difference Between the Different Cost Types? Fixed costs, total fixed costs, and variable costs all sound similar, but there are significant differences between the three. The main difference is that fixed costs do not account for the number of goods or services a company produces while variable costs and total fixed costs

Nassim Nicholas Taleb, New York University professor and author Jerome Favre | Bloomberg | Getty Images Nicholas Nassim Taleb has reversed his stance on bitcoin. The “Black Swan” author said in a recent paper that the largest cryptocurrency by market cap has failed to satisfy the notions of it as a currency without government, a

The COVID-19 pandemic has made keeping up with monthly bill payments challenging for many Americans. As a result, many credit card companies have introduced policies to provide financial relief and help that can include a deferment of payments, fee waivers, and a reduced annual interest rate—or annual percentage rate (APR). Taking advantage of these benefits

David Solomon, chief executive officer of Goldman Sachs & Co., speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs CEO David Solomon said that China’s recent moves boosting oversight of its technology

In neoclassical economics, perfect competition is a theoretical market structure that produces the best possible economic outcomes for both consumers and society. A market that experiences perfect competition may be referred to as a “perfect” market by economists that subscribe to this school of thought. So, some economists use perfect competition as a benchmark to

For most securities, determining investment yields is a straightforward exercise. But for debt instruments, this can be more complicated due to the fact that short-term debt markets have various ways of calculating yields and they use different conventions in converting a time period into a year. Here are the four main types of yields: The

Hedge fund founder Anthony Scaramucci told CNBC on Wednesday that the Chinese government’s crackdown on Didi Global, just days after the ride-hailing giant went public in the U.S., is “a direct assault on global capitalism.” “The bad news for the Chinese and the United States now is, if you’re a capital allocator in the United

A pedestrian wearing a protective mask walks past a Wells Fargo & Co. bank branch in New York, U.S., on Thursday, July 9, 2020. Peter Foley | Bloomberg | Getty Images Wells Fargo is ending a popular consumer lending product, angering some of its customers, CNBC has learned. The bank is shutting down all existing

In this article DBX Dropbox CEO Drew Houston and Dropbox co-founder Arash Ferdowsi (C) celebrate the launch of Dropbox’s initial public offering as they ring the opening bell at Nasdaq MarketSite, March 23, 2018 in New York City. Getty Images Company: Dropbox Inc. (DBX) Business: Dropbox is a single organized platform where users can create

Kellogg Co. (K), known for its Kellogg’s brand breakfast foods, is a global food company that sells cereals and snacks such as Cheez-It crackers, Pringles and Eggo waffles. Kellogg was founded as the Battle Creek Toasted Corn Flake Company in 1906. Since then, the company has expanded into a sprawling multinational that manufactures products in