A key U.S. construction facilitator is hopeful that President Donald Trump will still make good on his campaign promise of putting more federal dollars towards U.S. infrastructure. Bill Sandbrook, the chairman, president and CEO of mass concrete and aggregates producer U.S. Concrete, told CNBC that the 2018 midterm elections gave him “optimism” that a major
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As investors weather more volatility after Tuesday’s799 point drop for the Dow Jones Industrial Average, financial experts have largely stuck to one refrain: Welcome to the new normal. Concerns over tariffs and what the Federal Reserve will do will likely keep market volatility elevated, according to J.J. Kinahan, chief market strategist and managing director at
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Billionaire investor Leon Cooperman says the recent turbulence in stocks is just part of a market correction as there are currently no signs of a recession happening. “There’s no sign of a trend change,” Cooperman, the founder of Omega Advisors, told CNBC’s “Halftime Report” on Thursday. “You’re just responding to the market.” “I could be
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For sophisticated bond market investors, no three words invoke more fear and debate than “inverted yield curve.” Yet many individual investors don’t understand inversion and why a healthy fixed-income market is so critical to their financial well-being. With the near-800-point drop in the Dow on Tuesday being at least partially attributed to the sudden inversion
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U.S. stock futures opened lower Wednesday amid lingering anxiety about a possible economic slowdown and continued murkiness around trade relations with China. On Wednesday evening, futures initially indicated that the Dow Jones Industrial Average would open 400 points lower. Dow futures fell as much as 486 points at their lows. Markets have since recovered and,
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Security start-up Pindrop has raised $90 million from investors including Vitruvian Partners and Goldman Sachs. The seven-year-old firm, which uses artificial intelligence (AI) technology to detect fraudulent phone calls, said Wednesday that it would use the latest funding to boost its European expansion plans. Vitruvian, a European private equity firm that has invested in the
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U.S. luxury home builder Toll Brothers said on Tuesday its quarterly profit rose 62.1 percent, as it sold more homes at higher prices. The company’s net income rose to $311 million, or $2.08 per share, in the fourth quarter ended Oct. 31, from $191.9 million, or $1.17 per share, a year earlier. Revenue rose 21.1
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Women — especially in China — are playing an increasingly big role in Asia’s luxury spending. That is a key finding of Wealth Report Asia 2018, Bank Julius Baer’s latest look into high-end consumption in the region released Tuesday. It tracks the spending habits of so-called high-net-worth individuals, which the Swiss private banking group said
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