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5 issues to know earlier than the inventory market opens Tuesday, June 8
Here are the most important news, trends and analysis that investors need to start their trading day: 1. S&P 500 set to make a run at last month’s record highs Traders on the floor of the New York Stock Exchange. Source: NYSE U.S. stock futures turned positive Tuesday, with the S&P 500 set to make…
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T-Cellular CEO says the corporate is poised to dominate 5G for the subsequent decade
Mike Sievert, CEO of T-Mobile, outlined his vision for the next decade on Monday, telling CNBC that he believes his company can lead the way in 5G for the next decade. “We’re making the rules for the 5G era because we’re way ahead – and I mean miles ahead – and those rules are going…
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Assured LGBTQ small companies haven’t any succession plans
MoMo productions | Stone | Getty Images According to a new CNBC + Acorns and NGLCC Small Business Owner Financial Health Survey, LGBTQ small business owners are confident they will recover from the pandemic, but more than 78% have no succession plan. With so many small businesses being passed down from generation to generation, that’s…
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Jim Cramer says Yellen’s rate of interest feedback ‘spooked the market’
CNBC’s Jim Cramer blamed Monday’s stock market decline on messaging from the head of the U.S. Treasury. On Sunday, Secretary Janet Yellen told Bloomberg News that raising the interest rate would be positive for the country, should the Biden administration’s big spending plans help trigger some inflation in an expanding economy. “The prospect of higher interest…
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The states are ending federal unemployment advantages this week
A Help Wanted sign in the Queens borough of New York on June 4, 2021. Spencer Platt | Getty Images News | Getty Images There are 25 states that are prematurely ending their participation in federal unemployment programs – some as soon as this week. Alaska, Iowa, Mississippi, and Missouri will be the first to…
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Do not be quick on meme shares
Interactive Brokers founder and chairman Thomas Peterffy warned on Monday investors betting against so-called meme stocks like AMC Entertainment. “These stocks are extremely tempting to buy short, but unless you have huge liquid resources, try to resist the temptation as these prices can hit unimaginable highs before they settle down to a reasonable valuation, and…
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Why LGBTQ small enterprise homeowners are having a tough time discovering employees
LGBTQ small business owners are having a difficult time getting back to business pre-pandemic. Just over 20% are having a hard time finding employees, according to a new CNBC + Acorns and NGLCC Small Business Owner Financial Health Survey. The lack of workers could wind up hampering their efforts. Of those facing a hiring crunch,…
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Biogen’s FDA-approved Alzheimer’s drug, first new remedy in almost twenty years
The Food and Drug Administration on Monday approved Biogen’s Alzheimer’s drug aducanumab, making it the first U.S. regulator-approved drug to slow cognitive decline in people with Alzheimer’s and the first new drug for the disease in nearly two decades. The FDA’s decision was eagerly awaited. The drug, which is marketed under the name Aduhelm, is…
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Is there a labor scarcity? What the Could jobs report tells us
A help wanted sign is displayed outside of a business before Memorial Day near the boardwalk in Wildwood, New Jersey. Spencer Platt | Getty Images News | Getty Images The weaker-than-expected April jobs report fueled speculation of U.S. labor shortages and led some state officials to declare an early end to enhanced unemployment benefits. …
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Finest bars in Hong Kong, Singapore, Tokyo, Seoul, Taipei and Shanghai
Asia has more than 30 cities with populations greater than five million people, yet only two can lay claim to the top bar on Asia’s 50 Best Bars list. Every year since the list’s inception, the continent’s best-ranked bar has been in either Hong Kong or Singapore. The annual ranking is organized by William Reed…
