You are here
Business cable Citadel Griffin CNBC Money Top News 

Citadel’s Griffin says U.S. rally not over, inflation a worry: CNBC

June 7, 2017 NEW YORK (Reuters) – Ken Griffin, founder and chief executive of hedge fund firm Citadel LLC, said on Wednesday that the run-up in the U.S. stock market was not over but that investors should be worried about rising inflation. “I think this business cycle has further to go. I think the stock market is going to go with that, but what’s worrisome is, the firepower that we have to address the next downturn is somewhat constrained,” Griffin told cable television network CNBC. Griffin, who is also the…

Read More

BOJ Kuroda confident inflation will accelerate ‘significantly’: CNBC

May 5, 2017 YOKOHAMA, Japan (Reuters) – Bank of Japan Governor Haruhiko Kuroda said he was confident inflation will accelerate “significantly” with massive monetary stimulus and fiscal support, CNBC reported on Friday. “The mindset (of the Japanese public) is still quite cautious about inflation expectations. But I’m quite sure that with continuous accommodative monetary policy supported by fiscal policy, we would eventually be able to raise prices significantly,” Kuroda told CNBC in an interview that ran on Friday. Kuroda also said Japan’s economy has showed a “strong recovery trend” in…

Read More

Warren Buffett says he sold a third of stake in IBM: CNBC

May 5, 2017 (Reuters) – Berkshire Hathaway’s Warren Buffet has sold “a reasonable amount” of his stake in International Business Machines Corp after the stock crossed $180, CNBC reported. IBM’s stock touched $180 on Feb 14 and reached a high of $182.78 during Feb. 16 trading. It closed on Thursday at $159.05 on the New York Stock Exchange. Berkshire Hathaway and IBM could not be reached for comment outside regular business hours. Buffett owned about 81 million shares of IBM at the end of 2016 and sold about a third…

Read More

Vanguard CEO cites ‘inherent conflict’ in paying brokerages to sell funds

May 4, 2017 NEW YORK (Reuters) – Vanguard Group Chief Executive Officer Bill McNabb said on Thursday that Morgan Stanley had decided to stop selling its mutual funds because the largest U.S. brokerage by salesforce wants “to be compensated for being on their platform in one way or another, and that’s something we just won’t do.” McNabb told CNBC that paying fees to brokerages to distribute its funds raises an “inherent conflict.” Morgan Stanley said on Wednesday it would drop funds from the largest U.S. mutual fund firm in an…

Read More

Apple to create $1 billion U.S. advanced manufacturing fund

May 4, 2017 By Stephen Nellis SAN FRANCISCO (Reuters) – Apple Inc plans to create a $1 billion fund to invest in U.S. companies that perform advanced manufacturing, Chief Executive Officer Tim Cook said on Wednesday, the iPhone maker’s latest effort to show how it is creating U.S. jobs. The Cupertino, California company will announce the fund’s first investment later in May, Cook said during an interview on CNBC. Cook also said Apple plans to fund programs that could include teaching people how to write computer code to create apps,…

Read More

Bill Gross, Pimco settle lawsuit over his exit for $81 million: sources

March 27, 2017 By Jonathan Stempel and Jennifer Ablan NEW YORK (Reuters) – Bill Gross has reached a roughly $81 million settlement of his lawsuit against Pacific Investment Management Co, ending a bitter 2-1/2-year drama over the well-known bond investor’s abrupt departure from one of the world’s biggest asset managers. Terms of the accord were not disclosed, but were confirmed by two people familiar with the matter, who asked not to be named because the terms were confidential. Gross and Pimco said in a joint statement the settlement was “amicable,”…

Read More

NBCUniversal invested $500 million in Snap Inc as part of IPO

March 3, 2017 (Reuters) – Comcast Corp’s NBCUniversal said on Friday it had invested $500 million in Snap Inc as it continues to spend heavily on digital media companies. Snap’s shares jumped 8.6 percent to $26.59 in early trading. The company finished its first day of trading with a 44 percent gain compared to its IPO price of $17.00. The investment was made as a part of the Snapchat owner’s initial public offering, NBCUniversal Chief Executive Steve Burke said in a memo to employees. Earlier, CNBC reported that Snap’s stock…

Read More

SoftBank nears deal to invest $3 billion in U.S. startup WeWork: CNBC

February 27, 2017 By Thomas Wilson and Julie Zhu TOKYO/HONG KONG (Reuters) – Japan’s SoftBank Group Corp is close to making an investment in U.S. office-sharing startup WeWork expected to be worth over $3 billion, CNBC reported on Monday, as it expands its reach beyond tech and telecoms. Led by founder Masayashi Son, SoftBank has made a string of surprising acquisitions and investments over the past months, most recently an all-cash deal to buy asset manager Fortress Investment Group . The deals come as SoftBank moves towards cutting-edge tech investments…

Read More
Facebook Auto Publish Powered By : XYZScripts.com