Ariel Investments co-CEO and president Mellody Hobson speaks at the 2017 Fortune Most Powerful Women Summit in Washington, D.C. Paul Morigi | Getty Images Entertainment | Getty Images The lack of diversity across the highest ranks of corporate America is certainly not new, but in recent months social unrest has […]
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JPMorgan is buying fintech start-up 55ip to help financial advisors offer tax-efficient portfolios
Pedestrians walk in front of the JPMorgan Chase headquarters building in New York. Scott Mlyn | CNBC JPMorgan Chase said that its asset management division has agreed to buy a fintech start-up that helps financial advisors automate the construction of tax-efficient portfolios. The move to acquire Boston-based 55ip, announced Wednesday […]
Kaplan says he’s not in favor of Fed increasing bond purchases
Dallas Federal Reserve President Robert Kaplan said he wouldn’t be in favor of changing the central bank’s bond-purchasing program even though he sees some rocky times ahead for the U.S. economy. Speaking Wednesday to CNBC, Kaplan said financial conditions are such that the Fed probably doesn’t need to do more […]
Snowflake (SNOW) earnings Q3 2021
Frank Slootman, CEO of Snowflake Inc. on Sept. 16th, 2020. CNBC Shares of Snowflake fell as much as 8% in extended trading on Wednesday after the data-warehousing software maker issued its first quarterly financial results as a public company. Here’s how Snowflake performed: Earnings: Loss of $1.01 per share. Revenue: […]
Elizabeth Holmes Theranos trial to be held in person with masks, social distancing
Elizabeth Holmes David Orrell | CNBC In what is expected to be one of the most high profile trials in years, Elizabeth Holmes will face jurors wearing clear face masks in a socially distanced courtroom, a judge said Wednesday. The trial, to begin March 9, 2021 at a San Jose […]
Morgan Stanley downgrade sends Palantir shares sliding
A banner featuring the logo of Palantir Technologies (PLTR) is seen at the New York Stock Exchange (NYSE) on the day of their initial public offering (IPO) in Manhattan, New York City, U.S., September 30, 2020. Andrew Kelly | Reuters Shares of Palantir slid more than 14% Wednesday after Morgan […]
McConnell, Schumer far apart on unemployment benefits, stimulus plans
Salesforce, Palantir, Zoom, Tesla & more
Ireland’s privacy watchdog on data transfer dispute with Facebook
LONDON — The Irish data watchdog is hoping to conclude a legal dispute with Facebook over the transatlantic transfer of data by early 2021, its chief told CNBC Wednesday. The Irish Data Protection Commission sent Facebook a preliminary order to suspend data transfers to the U.S. about its EU users […]
Norwegian extends suspension of most cruises through March
Workers near a cruise ship of the Norwegian Cruise Line which is in dry dock receiving hull maintenance and interior modernization work. Gerald Julien | AFP | Getty Images Norwegian Cruise Line Holdings announced Wednesday that it is again extending its suspension of sailing, this time through March, for most […]