Indian budget hotel chain start-up Oyo, valued at $10 billion in its latest fundraising round, has faced a number of gripping headlines, including multiple reports of hotel owners in India and China not getting adequate compensation from the company. In an exclusive interview with CNBC’s Seema Mody on “Squawk Alley” […]
Fed’s Robert Kaplan sees no changes in interest rates this year
Though he expects the U.S. to experience “solid” growth this year, Dallas Federal Reserve President Robert Kaplan said interest rates should remain where they are. The central banker, in an essay released Tuesday morning, backed the wait-and-see approach that his fellow voters on the Federal Open Market Committee have adopted. […]
Bernie Sanders bigger threat to stocks than coronavirus
Leon Cooperman Olivia Michael | CNBC Leon Cooperman thinks investors should be more worried about the long-term ramifications of a Bernie Sanders presidency for the stock market than about the coronavirus. “I look at Bernie Sanders as a bigger threat [to the stock market] than the coronavirus,” Cooperman, the billionaire investor and founder […]
Market too down on energy, too high on Tesla
Leon Cooperman, CEO of Omega Advisors. Adam Jeffery | CNBC Billionaire investor Leon Cooperman told CNBC on Tuesday that investors have become too pessimistic on the energy sector and too optimistic on individual companies like Tesla. “I would say we’re in the early stages of knocking on the door of […]
How to protect yourself from tax scams this filing season
Tax season is in full swing — and that means it’s hunting time for scam artists hoping to rip off taxpayers. The Internal Revenue Service expects to receive around 150 million tax returns during this filing period, which began Jan. 27 and runs through April 15. Americans need to remain […]
Chip stocks dive after Apple’s coronavirus warning, led by iPhone suppliers
Apple’s suppliers and partners are getting hit hard following the iPhone maker’s revenue warning due to the coronavirus epidemic in China, underscoring fears about the financial fallout of the outbreak. Qorvo, a radio frequency chip supplier for Apple, fell 2.6% on Tuesday. Credit Suisse estimates 30% of Qorvo’s revenues come […]
Apple, Legg Mason, Virgin Galactic, Tesla
Sir Richard Branson stands on the floor of the New York Stock Exchange (NYSE) ahead of Virgin Galactic (SPCE) trading in New York, U.S., October 28, 2019. Richard Branson Virgin Galactic IPO NYSE Check out the companies making headlines in midday trading. Apple — Shares of the iPhone maker fell […]
Stocks take a hit after Apple warning
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Dow Jones Industrial Average falls 165 points The slid 165.89 points, or 0.56%, close at 29,232.19. The dipped 0.29% to 3,370.29. The climbed 0.02% to 9,732.74. The major averages were under pressure for most of […]
LendingClub buys Radius Bank in first fintech takeover of a bank
LendingClub, a fintech company that pioneered personal loans made online, is buying a U.S. bank to give it access to a stable and cheaper source of funding, CNBC has learned. LendingClub is paying $185 million in cash and stock for Radius Bancorp, according to documents viewed by CNBC. Radius, a […]
Herbalife, Groupon, LendingClub and more
Herbalife distribution center in Los Angeles. Patrick T. Fallon | Bloomberg | Getty Images Check out the companies making headlines after the bell: LendingClub – Shares of the fintech company were down 1.98% in extended-hours trading after it announced plans to pay $185 million in cash and stock for Radius […]