Month: August 2022
Self-made millionaire Bethenny Frankel on why good ideas are not enough to be successful in business
“I truthfully didn’t even know the word entrepreneur. I was in my late thirties, and I didn’t know the word ‘brand,’ I didn’t know the word ‘entrepreneur,’” Bethenny Frankel, founder of SkinnyGirl, told Sharon Epperson at the CNBC Small Business Playbook virtual summit on Wednesday. Now, just over a decade later, Frankel is a widely […]
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Mickelson, DeChambeau and other LIV golfers file antitrust lawsuit against PGA Tour over suspensions
Team Hy Flyers Phil Mickelson of the U.S. speaks to the media after the first round of the inaugural LIV Golf Invitational, June 9, 2022. Paul Childs | Action Images via Reuters Eleven professional golfers filed an antitrust lawsuit against the PGA Tour Wednesday after being suspended from playing in the tour over their involvement […]
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Paul Britton, CEO of $9.5 billion derivatives firm, says the market hasn’t seen the worst of it
(Click here to subscribe to the Delivering Alpha newsletter.) The market has seen tremendous price swings this year – whether it comes to equities, fixed income, currencies, or commodities — but volatility expert Paul Britton doesn’t think it ends there. Britton is the founder and CEO of the $9.5 billion derivatives firm, Capstone Investment Advisors. He sat […]
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Trump still holds sway in GOP as MAGA candidates win in key primary races
Election results in a slate of key primary races Tuesday night underscored former President Donald Trump’s enduring influence over the Republican Party, despite signals that his status as its de facto leader may be eroding. In Arizona, multiple candidates up and down the ballot who modeled themselves as true Trump loyalists — who embraced his […]
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SPAC market hits a wall as issuance dries up and valuation bubble bursts
Traders on the floor of the NYSE, August 1, 2022. Source: NYSE The SPAC boom is officially a thing of the past. Not a single special purpose acquisition company was issued in July as the market slowdown turned into a screeching halt, according to CNBC calculations of SPAC Research data. Sponsors who once took advantage of […]
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New York’s ritzy Hamptons plays host to over a dozen political fundraisers this month as midterms approach
Democrats and Republicans alike are heading out to the ritzy Hamptons, New York’s summer playground, to fill their campaign war chests in the final months of the 2022 midterm elections and, in some cases, to test presidential aspirations for 2024. With just under 100 days until the November elections, more than a dozen congressional and […]
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Stocks making the biggest moves midday: Gilead Sciences, CVS, Electronic Arts and more
A customer walks towards the entrance of a CVS Health Corp. store in downtown Los Angeles, California, U.S., on Friday, Oct. 27, 2017. Christopher Lee | Bloomberg | Getty Images Check out the companies making headlines in midday trading Wednesday. Gilead Sciences — Shares of the biopharma company rose 6.6% after quarterly revenue of $6.26 […]
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UN Secretary General urges governments to tax ‘immoral’ oil and gas profits
United Nations Secretary General Antonio Guterres speaks during the 2022 Review Conference of the Parties to the Treaty on the Non-Proliferation of Nuclear Weapons at the United Nations in New York City on August 1, 2022. Ed Jones | AFP | Getty Images WASHINGTON — United Nations Secretary-General Antonio Guterres urged governments on Wednesday to tax excessive […]
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Evercore ISI’s Julian Emanuel doesn’t think we’ve seen the bottom yet in the bear market
Evercore ISI’s Julian Emanuel doesn’t think we’ve seen the bottom yet in the bear market, pointing to more volatility in September. The strategist believes investors may be overly optimistic following July’s rally in which risk-on sentiment returned to Wall Street. He pointed to slowing growth, as well as troubling signs in bond yields, that could […]
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Small business confidence hits all-time low on worsening sales outlook and belief on Main Street recession is here
Fg Trade | E+ | Getty Images Small business confidence has hit an all-time low as the majority of Main Street expects runaway inflation and a Federal Reserve that is incapable of engineering a soft landing for the economy. In fact, the majority of small business owners (57%) taking part in the CNBC/SurveyMonkey Small Business […]
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