James Dolan, President and CEO of Cablevision. Matthew Stave | Bloomberg | Getty Images New York Knicks James Dolan has never made the team his number-one priority, much to the chagrin of the NBA team’s exasperated fan base. But many Knicks fans may not know that Dolan’s latest passion project involves futuristic, dome-shaped arenas with
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Iran’s petroleum minister, Bijan Namdar Zanganeh. Stefan Wermuth | Bloomberg | Getty Images Iran is not ready to engage in talks with the United States until sanctions are lifted, an Iranian oil minister told CNBC on Monday. “Iran is not ready to open discussions with United States,” said Iranian oil minister Bijan Zanganeh at the
While Wall Street focuses on U.S.-China trade war dangers, Medley Global Advisors’ Ben Emons sees two risks making a comeback. The way the world’s affairs are shaping up, he warns Brexit fallout and the threat of U.S. tariffs on European cars could sneak up on investors in year’s second half — which kicks off Monday.
President Donald Trump has railed repeatedly about the Federal Reserve’s “quantitative tightening” and the impact it has had on economic growth during his administration. The program will be over soon, which may not bring as much relief as Trump thinks. One reason the president may not want to get his hopes up too much is
People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images Check out the companies making headlines midday Friday: J.P. Morgan Chase, Goldman Sachs, Citigroup — Shares surged more than 2% after the Federal Reserve said all major U.S.-based banks passed the central bank’s annual stress
A man walks past Deutsche Bank offices. Luke MacGregor | Reuters Deutsche Bank is considering cutting 15,000 to 20,000 jobs, or more than one in six full-time positions globally, the Wall Street Journal reported on Friday, citing people familiar with the discussions. The layoffs would probably take place over more than a year and would
Traders work on the floor at the New York Stock Exchange, May 23, 2019. Brendan McDermid | Reuters It’s no secret that machines are taking up a bigger and bigger share of investing, but the extent of their influence is approaching shocking proportions. It is as high as 80%, according to one major investing firm.
David Marcus, vice president of messaging products for Facebook Inc., speaks during a Bloomberg Television interview on the sidelines of the Wall Street Journal D.Live global technology conference in Laguna Beach, California, U.S., on Wednesday, Oct. 18, 2017. Patrick T. Fallon | Bloomberg | Getty Images David Marcus, the Facebook exec who helped hatch its Libra
Pedestrians pass in front of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Wall Street wrapped up a roaring June and first half of the year as investors cheered the prospects of easier monetary policy from the Federal Reserve and awaited clarity on U.S.-China trade relations. The Dow Jones Industrial Average
Charles Ergen Andrew Harrer | Bloomberg | Getty Images Dish co-founder Charlie Ergen is back in wireless acquisition talks after several failures over the last six years. But this time, if Ergen can convince Deutsche Telekom, U.S. regulators and a group of state attorneys general that his company can be a knight in shining armor, he