The better-than-expected jobs report last week is further proof that the market is undervaluing bank stocks, Wells Fargo’s top bank analyst said Monday. “They’re still priced like the global financial crisis, and that’s a complete disconnect to the stock market as a whole, and frankly it’s a disconnect to what the bond market says about
Kenneth Frazier‘s resume is impressive. Not only does he have a degree from Harvard Law School, but he climbed the corporate ranks at pharmaceutical giant Merck to hold positions from senior vice president and general counsel to president and now CEO and chairman of the board. Frazier, 65, also sits on boards including Weill Cornell Medicine, Exxon Mobil
Companies prepare offices to reopen. Source: Karen Firestone When governors, mayors, and national leaders told us to stay home and work remotely, back in what seems like the Ice Age, we were thrust into a state of shock, disorientation, and, ultimately, acceptance. Two and half months later, we have grown accustomed to Zoom, Covid-19 news
Mixmike | Getty Images Gen Z may also be Gen DIY. “There’s an underlying assumption that almost any task can be taught or learned by yourself,” said Jonah Stillman, co-author of Gen Z @ Work. “I grew up with YouTube: I can log on and learn to play an instrument, write code or tile a
The streets of Manhattan stand nearly empty due to the coronavirus epidemic on April 10, 2020 in New York City. Spencer Platt | Getty Images Shutdown orders to close nonessential businesses and keep most people at home over the last two months helped the U.S. avoid nearly 5 million coronavirus cases, according to a new
Stanley Druckenmiller Adam Jeffery | CNBC Legendary investor Stanley Druckenmiller said tech giants Amazon and Microsoft are still among his biggest holdings, but noted he is quite bearish on growth stocks as a group. “I have still something like Amazon and Microsoft in my largest holdings, but I have the least growth weighting in my
Trevor Milton, the 38-year-old founder of Nikola, became an instant multibillionaire Thursday with the company’s successful IPO. Nikola, which makes electric- and hydrogen-powered trucks, saw its share price briefly top $37 after going public, giving Milton a net worth of nearly $5 billion based on his share ownership. The stock later settled back around $34,
CNBC’s Jim Cramer on Monday expressed concern about the stock market’s recent rally getting too far ahead of the economy’s recovery from the depths of the coronavirus pandemic. “Where are the sellers?” Cramer asked. “It’s almost as if people decided Covid is over. It’s a ‘V-shaped’ rally, and you better get on board.” The Dow
Audrey Saracco / EyeEm The U.S. government has sent 159 million stimulus checks to Americans. But there are still an estimated 30 million to 35 million payments yet to be issued, according to new data on the progress of the payments from the House Ways and Means Committee. The stimulus checks — up to $1,200
Photo: Getty Running a commercial real estate business involves a long list of time-consuming, repetitive tasks. The sheer volume of these tasks costs companies millions of dollars in staff time every year. Brokerages, bank appraisers, CRE services and asset managers analyze hundreds of documents to complete a real estate deal, and this essential due diligence