If you want to improve your financial know-how, there are plenty of opportunities to do so. From short online tutorials to extensive in-person bootcamps, the number of “Money 101” classes has ballooned since the Great Recession. And yet, when it comes to financial literacy, Americans are still falling far short. According to a survey by
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A.P. Moller-Maersk is the largest container shipping company in the world. Andia | UIG via Getty Images Shipping giant Maersk warned on Thursday that the coronavirus outbreak would weigh on earnings this year, compounding the woes of a container shipping industry already subdued by trade wars and an economic slowdown. Maersk, which reported a lower-than-expected
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Morgan Stanley’s acquisition of brokerage firm E-Trade has been a long time coming, Chairman and CEO James Gorman told CNBC on Thursday. “In truth, [conversations] started in 2002,” the Morgan Stanley chief said in a “Squawk on the Street” interview with Wilfred Frost. ”I called [E-Trade] back then when I was at Merrill [Lynch] because I was intrigued by
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Mohammed Al-Jadaan, Saudi Arabia’s finance minister, at the World Economic Forum in Davos, Switzerland Jason Alden | Bloomberg | Getty Images Saudi Arabia is willing to support crisis-stricken Lebanon, but wants to see a realistic reform plan first, its finance minister said during the G-20 Summit in Riyadh on Sunday. Asked if the kingdom would
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As the energy industry faces a time of reckoning — pressured by consistently low oil prices, high operating costs and a growing sustainable investing movement — oil and gas companies are increasingly turning to Silicon Valley for help streamlining operations and boosting efficiencies. By some estimates, the addressable market for digital oil and gas solutions
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Boston Beer Company co-founder Jim Koch defended its heavy investment in hard seltzer Thursday as shares fell after weak guidance and a per-share earnings miss. “Sometimes growth, it’s not cheap, particularly in something capital-intensive like beer,” Koch said on “Closing Bell.“ Hard seltzer, in particular, demands significant investment because “it’s the biggest thing that’s come
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France’s tourism sector has taken a beating following the coronavirus outbreak, according to the country’s finance minister. “We have less tourists, of course, in France, about 30%, 40% less than expected,” Bruno Le Maire told CNBC’s Dan Murphy on Sunday at the G-20 Finance Ministers and Central Bank Governors’ Meetings in Riyadh, Saudi Arabia. “That’s,
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Dropbox shares rose as much as 16% in extended trading on Thursday after the company reported better-than-expected fourth-quarter results. The stock exceeded the $21 price at which it sold shares in its initial public offering in 2018. It had not closed above $21 since September. Here’s how the company did: Earnings: 16 cents per share,
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A small percentage of sperm whales produce ambergris, a clump of squid beaks and fatty secretions that scientists believe exits through the whales’ bowels Ambergris is coveted by the fragrance industry for a chemical it contains called ambrien, which suspends smells in the air, and for its own unique scent Quality pieces of ambergris, which
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Warren Buffett David A. Grogan | CNBC Berkshire Hathaway’s Warren Buffett on Saturday will publish his much-awaited shareholder letter. The annual missives, which are logged here on Berkshire’s website going back to 1977, are considered required reading for investors large and small. And this year, investors will be especially interested to know whether Berkshire has
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Michael Bloomberg, billionaire and former mayor of New York, is the latest Democratic presidential candidate to turn his attention to the country’s $1.7 trillion outstanding student loan balance. “At its best, higher education serves as an engine of economic mobility and a pathway to the middle class,” the 78-year-old wrote in his $700 million proposal released
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Wells Fargo will pay $3 billion in criminal and civil settlements with the Justice Department and the Securities and Exchange Commission over its fraudulent fake-account scandal, the U.S. Attorney’s Office said Friday. “This case illustrates a complete failure of leadership at multiple levels within the bank,” said U.S. Attorney Nick Hanna. “Simply put, Wells Fargo
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