Nov.23 — PepsiCo Chief Executive Officer Indra Nooyi discusses the concept of “having it all” with David Rubenstein on the sixth episode of “The David Rubenstein Show: Peer-to-Peer Conversations.”
Month: March 2020
A beautiful 50-acre estate in the heart of the Berkshires has one unique feature: a luxurious, heated, self-cleaning pool that was converted from an old limestone rock quarry.
Cristiano Oliveira, co-founder and CEO of Olivia AI. When I got my first iPhone about 10 years ago, I didn’t think much of it. It was just like my old-school flip phone, but more brick-like and better at stretching out the pockets in my jeans. This was, of course, extremely shortsighted. More than 80% of
Ed Hyman, a widely followed economist on Wall Street, said the coronavirus outbreak could end up causing a recession in the U.S. and slashed his U.S. GDP forecast to zero growth in the second and third quarters of this year “More cases are showing up in the U.S. and seem likely to be just the
With the Federal Reserve expected to act soon in response to the coronavirus scare, there’s a chance that the central bank could take policy back to where it was during the financial crisis. Goldman Sachs economists said Sunday they see the Fed cutting rates by 50 basis points by its March meeting or sooner, and
Microsoft shares fell 2% in extended trading on Wednesday after the company said it doesn’t expect to meet the quarterly revenue guidance it previously provided for the segment that includes Windows. The move comes during a week that has seen a market selloff amid fears about the virus. Last week Apple disclosed that it did
Tourists wearing masks walk through Union Square in New York City on February 28, 2020, amid fears of the coronavirus and a global pandemic. Timothy A. Clary | AFP | Getty Images This is a live blog. Please check back for updates. All times below are in Eastern time. Total confirmed cases: More than 89,100
Jane Bryant Quinn, personal finance expert and author. Jane Bryant Quinn In an era when everyone with a checkbook fancies himself a money guru and blogger, it’s refreshing to see “How to Make Your Money Last” by Jane Bryant Quinn updated and reissued. Jane eschews the typical and bland bromides, such as “eat ramen” and
Traders work on the floor of the New York Stock Exchange. Jeenah Moon | Reuters It’s too soon to rush back into stocks after the market suffered its worst week since the financial crisis amid coronavirus concerns, strategists at major U.S. banks warned. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all fell
Many investors have been whipsawed by the market’s sharp downturn, but billionaire investor Leon Cooperman thinks reinstating an old trading rule could help protect them: The uptick rule. The uptick rule was a rule from the Securities and Exchange Commission that prevented short sellers from putting more pressure on a security that was already languishing.
A woman shops for clothing at the JC Penney store in the Roosevelt Field Mall in Garden City, New York. Saul Martinez | Bloomberg | Getty Images J.C. Penney‘s fourth-quarter earnings on Thursday topped analysts’ expectations, despite steep sales declines during the holiday season. While CEO Jill Soltau said she has been encouraged by Penney’s
A new Pininfarina SpA Battista luxury hypercar sits on display on the opening day of the 89th Geneva International Motor Show in Geneva, Switzerland, on Tuesday, March 5, 2019. Bloomberg | Bloomberg | Getty Images BMW, Porsche and Bentley are debuting their hottest new cars online after organizers of the Geneva International Motor Show canceled
The citizens of the United States have elected 44 presidents in 57 elections since the Constitution was adopted in 1789. Since the Civil War, presidential contests have been dominated by America’s two major political parties – the Republicans and the Democrats. But over the last 150 years, state allegiance to these two parties has shifted
The UK must this year borrow £131bn to repay its old debts and meet the day-to-day costs of running the nation. But with the country reliant on international owners of its debt, Elaine Moore asks: can it continue to attract foreign investors? ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content
Johnny Matheny is the first person to attach a mind-controlled prosthetic limb directly to his skeleton. After losing his arm to cancer in 2008, Johnny signed up for a number of experimental surgeries to prepare himself to use a DARPA-funded prosthetic prototype. The Modular Prosthetic Limb, developed by the Johns Hopkins Applied Physics Laboratory, allows
Stars of “The Ranch” Ashton Kutcher, Danny Masterson, and Sam Elliott tell Laurie Segall why Netflix was “the only choice” for their new sitcom.
Communal living space in California Source: Haven There’s a new solution for millennials struggling with rising rents, but it has a familiar feel. Communal living, or co-living, brings together a group of people, likely strangers, in a shared space. Often, there are private sleeping quarters but the kitchens and work areas are communal spaces. It’s
Colorox brand toilet bowl cleaner sits on display at a supermarket in Princeton, Ill. Daniel Acker | Bloomberg | Getty Images Consumer-staples giant Clorox, along with 10 other stocks have emerged as the definitive anti-coronavirus trades, as the only S&P 500 stocks avoiding correction territory. While the broader market craters, the well-known maker of bleach
A customer exits a Big Lots store in Clifton, New Jersey. Emile Wamsteker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Big Lots — Shares of Big Lots tumbled nearly 30% after the retailer posted a quarterly earnings miss. The company reported earnings per share of $2.39 in the
A view of a Best Buy retail store on August 29, 2019 in San Bruno, California. Justin Sullivan | Getty Images Best Buy‘s fourth-quarter results exceeded analysts’ expectations, driven by strong sales gains over the holidays. Shares are up less than 1% in premarket trading. Shares have gained about 36% over the past 12 months,
Microsoft founder Bill Gates Lintao Zhang/Getty Images Billionaire and Microsoft co-founder Bill Gates said the coronavirus that has killed at least 2,859 people and infected more than 83,700 globally may be the “once-in-a-century pathogen we’ve been worried about.” “I hope it’s not that bad, but we should assume it will be until we know otherwise,”
If you plan to travel abroad and are worried about medical coverage due to the coronavirus outbreak, there may not be a need to panic — or cancel your trip — just yet. Travel insurance policies that include emergency medical and evacuation coverage are still available, although the situation is fluid and could change as
In light of the tumultuous move in global stocks this week, I found it comforting, in that it-could-be-worse sense, to think about some excessively priced assets I’ve watched up close, as well as from a distance. One day within the dot.com bubble stands out very clearly. In December 1999, I sat in my mother-in-law’s room
A trader reacts on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 5, 2019. Brendan McDermid | Reuters The coronavirus wiped $3.18 trillion in market value from U.S. stocks this week, according to estimates from S&P Dow Jones Indices. The equity benchmark lost $203 billion in value on Friday,
A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images PayPal on Thursday said the coronavirus outbreak could have a negative impact on its revenue expectations, and warned that revenue for the first quarter of this year would be toward the lower end of the guidance it
Rolls-Royce Phantom Source: Rolls-Royce Phantom Sales of Rolls-Royces have fallen “pretty close to zero” in China because of the coronavirus, but the company sees early signs of possible recovery, the company’s CEO told CNBC. Rolls Royce said sales in China, its second largest market after the U.S., were hit especially hard as many parts of