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J.P. Morgan has placed two precious metals traders on leave — including the global head of base and precious metals trading — as the Justice Department’s criminal investigation into the firm’s trading practices continues. Michael Nowak, a managing director at J.P. Morgan who also heads the firm’s precious metals trading unit, was put on leave
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When John Sullivan’s aging mother needed to move, it was a challenging experience. Sullivan’s mother had macular degeneration and couldn’t drive anymore. Consequently, he and his brother looked for senior living communities. But they had many questions, many of which they didn’t know the answer to. Adding to those difficulties, they were trying to sell
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Traders work at the Bolsa de Mercadorias e Futuros, Brazilian Mercantile and Futures Exchange (BM&F), in Sao Paulo, Brazil. Marcos Issas | Bloomberg | Getty Images Investing in Latin America’s equity markets can be scary, but Luiz Maria Ribiero has cracked a winning formula. Ribiero manages the DWS Latin America Equity fund (SLARX), which has
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Apple disputed the negative call by Goldman Sachs on Friday, which hit the stock, taking issue with the firm’s negative characterization on how Apple would account for its new TV+ service. Goldman said that the one-year free trial of the TV+ service would have a “material negative impact” on earnings by showing lower hardware profit
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CNBC’s Jim Cramer said on Friday that WeWork should pull its embattled initial public offering because the negative sentiment around slashing its valuation could be contagious in the overall stock market. “Stop the WeWork deal,” Cramer said on “Squawk Box.” “We don’t want that deal. I just wish they would go away.” Despite a number
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French economist Thomas Piketty poses during a photo session in Paris on September 10, 2019. Joel Sagat | AFP | Getty Images A popular French economist says billionaires are harmful to economic growth and would be effectively abolished under his tax plan, according to an interview. Thomas Piketty, whose 2013 book on inequality, “Capital in
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Apple‘s iPhone extravaganza is still the biggest product event of the year for a simple reason: The iPhone remains the single most successful hardware product of the PC era. So what happened this week? Three new iPhones were announced: The iPhone 11, 11 Pro and 11 Pro Max. A new Apple Watch with a screen
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Daenerys Targaryen is one of the key characters that can speak High Valyrian in Game of Thrones. Source: HBO There’s another “Game of Thrones” prequel series in the works, according to several reports, and this one will focus on the Targaryen family. Deadline, the Hollywood Reporter and Variety all reported Thursday that the show is
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T. Boone Pickens, BP Capital Management Scott Mlyn | CNBC Magnates and friends of prominent wildcatter T. Boone Pickens remembered him fondly in comments to CNBC following his passing. Pickens died Wednesday of natural causes at age 91. Billionaire investor Warren Buffett told CNBC’s Becky Quick on Thursday that “they grow big personalities in Texas,
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