DuPont products are shown for sale in a hardware store in National City, California, December 9, 2015. Mike Blake | Reuters Industrial materials maker DuPont on Tuesday slashed its capital expenditure by about $500 million and raised its annual cost-savings target to counter global trade uncertainties brought on by the coronavirus outbreak. The industrial giant
‘I see rates rising continuously’ “Forty years of a bull market in bonds. It’s really hard to turn your head around, and say could this be a turning point? But I think history will say yes,” said Siegel. “I see rates rising continuously over the next several years.” Coronavirus risks sparked a flight to safety
The coronavirus pandemic has upended countless jobs and even entire industries, leaving many wondering which will emerge out of the other side. One industry likely to endure — or even thrive — under the virus, is artificial intelligence (AI), which could offer a glimpse into one of the rising careers of the future. “This outbreak is creating
Warren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBC Warren Buffett made a lot of news at Berkshire Hathaway‘s first virtual annual meeting on Saturday, including revealing that he sold all his airline stocks and didn’t see any value in any major acquisitions amid the coronavirus pullback in stocks. The 89-year-old
Oliver Rossi Many financial advisors may soon have to start calling themselves something else. Some financial and wealth advisors will have to ditch the term “advisor” in their marketing, according to a federal rule that takes effect next month. The rule, known as Regulation Best Interest, and issued by the SEC, aims to reduce investors’
Ranking member Sen. Ron Wyden, D-Ore., left, speaks with chairman Sen. Chuck Grassley, R-Iowa, during the Senate Finance Committee hearing on “The United States-Mexico-Canada Agreement” on Tuesday, July 30, 2019. Bill Clark | CQ Roll Call | Getty Images Companies that cover the cost of health insurance for their furloughed workers may miss out on
Medical workers take in patients outside of a special coronavirus intake area at Maimonides Medical Center on May 04, 2020 in the Borough Park neighborhood of Brooklyn, New York. Spencer Platt | Getty Images The coronavirus that emerged in Wuhan, China over four months ago has since mutated and the new, dominant strain spreading across
The Walt Disney character Mickey Mouse greets children at Magic Kingdom in Orlando, Florida. Getty Images Last year, Disney’s Parks, Experiences and Consumer Products segment was its fastest-growing profit driver. Now, it could be the company’s biggest drag on earnings, thanks to the Covid-19 outbreak. The coronavirus pandemic has caused many headaches for Disney. The
The U.S. economy can return to positive growth in the third quarter after a massive drop in employment and growth, Federal Reserve Vice Chairman Richard Clarida told CNBC on Tuesday. “Our policies we think will be very important in making sure that the rebound will be as robust as possible. We’re in a period of
Young people who have just graduated from college and are heading into the professional world need to remember that they are traversing from one system to another, and they know “virtually nothing about what it’s like” to be successful in the real world. So said billionaire hedge fund financier Ray Dalio in a tweet on Monday