Here are some of the biggest celebrity endorsements of the 2020 Democratic presidential race

Lev Radin | LightRocket | Getty ImagesIf the 2020 Democratic nominee were determined solely by celebrity endorsements, Sen. Bernie Sanders would be the party’s front-runner today. The independent from Vermont leads the Democratic field when it comes to celebrity endorsements, having won the support of megastars Cardi B and Ariana Grande. Though Biden is light on celebrity endorsements, he’s in the lead with endorsements from current and former politicians. Judge Judy Getty ImagesSince launching


Lev Radin | LightRocket | Getty ImagesIf the 2020 Democratic nominee were determined solely by celebrity endorsements, Sen. Bernie Sanders would be the party’s front-runner today.
The independent from Vermont leads the Democratic field when it comes to celebrity endorsements, having won the support of megastars Cardi B and Ariana Grande.
Though Biden is light on celebrity endorsements, he’s in the lead with endorsements from current and former politicians.
Judge Judy Getty ImagesSince launching
Here are some of the biggest celebrity endorsements of the 2020 Democratic presidential race Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: yelena dzhanova
Keywords: news, cnbc, companies, support, warren, endorsements, getty, democratic, biden, sanders, 2020, presidential, race, candidate, celebrity, star, biggest


Here are some of the biggest celebrity endorsements of the 2020 Democratic presidential race

Senator Bernie Sanders speaks during Bernie Sanders Rally “Bernie’s Back” in Queensbridge Park. Lev Radin | LightRocket | Getty Images

If the 2020 Democratic nominee were determined solely by celebrity endorsements, Sen. Bernie Sanders would be the party’s front-runner today. The independent from Vermont leads the Democratic field when it comes to celebrity endorsements, having won the support of megastars Cardi B and Ariana Grande. “Avengers” star Mark Ruffalo announced his support for the candidate in December. Entrepreneur and political novice Andrew Yang would be the runner-up, with endorsements from comedian Dave Chappelle and Tesla titan Elon Musk, among others. Endorsements — public declarations of support — can frequently help candidates whip up enthusiasm from different demographics. Celebrities can offer help for their chosen contestant in the form of fundraisers, appearances at rallies and social media posts. Here are some of the 2020 candidates’ biggest celebrity endorsements:

Joe Biden

The former vice president and current front-runner has won the backing of “Game of Thrones” creator George R. R. Martin, who said in his personal blog that “the speech he gave announcing his run was kickass.” “The main things I want in a nominee, however, are twofold: (1) someone who can beat Trump, and (2) someone who would actually be a good/ great president,” Martin said. “Biden qualifies on both counts.”

Writer, George R. R. Martin. Jason Merritt | Getty Images

Celebrity lawyer Michael Avenatti, who formerly represented porn star Stormy Daniels in her legal battles with President Donald Trump, is also a Biden supporter. Avenatti is being held in federal jail after his arrest last week, accused of financial crimes. “I am extremely happy that Joe Biden has decided to enter the race,” Avenatti wrote on Twitter in April. “He offers Dems the very best chance in 2020, especially in key states. He has the fight, intelligence and fortitude to beat Trump and begin to make America, America again. He has my enthusiastic support.” Actor and director Rob Reiner endorsed Biden in April, saying that Biden can “restore our soul & standing as leader of the free world.” Actor Vivica A. Fox also endorsed the former vice president, saying in an interview that Biden’s “got ‘that thing.’ He has that history, and he’s been there.” Though Biden is light on celebrity endorsements, he’s in the lead with endorsements from current and former politicians. Biden also leads in most national polls, with an average of 28.1% voter support, according to RealClearPolitics.

Michael Bloomberg

Judge Judy, appearing in a campaign ad paid for by Bloomberg, said the former New York City mayor “has done amazing things and will be a truly great president.” “No one comes close to Mike Bloomberg’s executive achievement, government experience, and impactful philanthropy,” Judge Judy, whose real name is Judith Sheindlin, said in the ad.

Judge Judy Getty Images

Since launching his campaign in November, Bloomberg has spent $248 million on advertisements, far outpacing the amount spent by every Democratic candidate in the history of U.S. presidential elections. Bloomberg does not accept donations and has not qualified for a single debate. He is polling at around 7.4% nationally, according to RealClearPolitics.

Pete Buttigieg

Actor Mandy Moore showed her support for the former South Bend, Indiana, mayor backstage at the last Democratic debate. The “This Is Us” star has also been hosting virtual fundraisers for the candidate. Actor Gwyneth Paltrow invited a crowd of 100 people, including some celebrities and former U.S. ambassadors, to an event in support of Buttigieg at her home in May. Tickets went for $250 per head.

Gwyneth Paltrow Vivien Killilea | Getty Images

Endorsements also came from two influential names in the TV industry: “Family Guy” creator Seth MacFarlane and “Star Trek” actor George Takei. Takei, in a video announcing his endorsement, said while he’d ultimately support any of the Democratic candidates, he prefers Buttigieg because he is “guided by his outstanding character, integrity, and intelligence. Pete has a calm eloquence about him, which I know to be the hallmark of a great leader, and again, which is sorely lacking today.” Buttigieg is currently polling at 7.7%, according to a RealClearPolitics average, well off his highs. He has qualified for the next Democratic debate.

Bernie Sanders

The senator from Vermont has more than a dozen celebrity names on his side. On Wednesday, the campaign announced that Vampire Weekend and Bon Iver will perform in upcoming rallies in Iowa to build support for the candidate. “I believe, unequivocally, that all people deserve support, love, and the freedom to choose how to live their own lives,” Bon Iver’s Justin Vernon said in a statement. “There are promises in our constitutional language that are being superseded by money and greed in this country; I believe that Senator Sanders is the only one that has the pedigree, the experience, the courage, and the undying spirit to begin to put these obstacles of freedom to rest.”

Brian Robert Jones and Ezra Koenig of Vampire Weekend perform on day 3 of Lollapalooza at Grant Park on August 4, 2018 in Chicago, Illinois. Timothy Hiatt | WireImage | Getty Images

Other celebrities in support of Sanders include artists Cardi B and Ariana Grande. Cardi B has previously encouraged her fans to “vote for Daddy Bernie” when he ran in the 2016 presidential election. Movie stars are among Sanders’ biggest supporters, with actors John Cusack and Mark Ruffalo and filmmaker Michael Moore pushing for the candidate. Jeopardy champion Ken Jennings endorsed both Sanders and Sen. Elizabeth Warren seemingly in an effort to get the two left-wing candidates to make up after a tense January debate night. “Remember, defending champion Ken Jennings wants you to vote for Bernie Sanders or Elizabeth Warren,” Jennings said in response to a tweet from the Bloomberg 2020 campaign referencing him. Sanders, a prodigious fundraiser, has been rising in national polls in the past few weeks, nipping at the heels of Biden.

Elizabeth Warren

Soccer star Megan Rapinoe posted on Twitter last month a phone call she had with the Democratic senator from Massachusetts. “I just don’t think we can get to a better place by walking this moderate line so I appreciate you being out front and being big and bold with that,” Rapinoe told Warren in the phone call.

Megan Rapinoe of the U.S. celebrates scoring their first goal on June 28, 2019. Benoit Tessier | Reuters

Also behind Warren are celebrity couple John Legend and Chrissy Teigen, Jonathan Van Ness from “Queer Eye,” folk rock singer Melissa Etheridge and comedian Rosie O’Donnell. Warren, along with Sen. Amy Klobuchar, most recently received a duel endorsement from The New York Times. Warren has slipped in national polls, coming in at 15%, according to RealClearPolitics. That puts her behind Sanders and Biden. Klobuchar’s support from voters averages about 3.6%. The two leading women in the 2020 election have qualified for the upcoming Democratic debate.

Andrew Yang

After comedian Dave Chappelle gave a full-throated endorsement for Yang, he announced he’d have two shows to support the entrepreneur. The two shows will be performed on Jan. 29 and Jan. 30 in South Carolina, ahead of the state’s Feb. 29 primary. Chappelle is not the only comedian backing Yang. Comedian and “Community” actor Ken Jeong endorsed the candidate, saying, “I love Andrew Yang and am proud to be endorsing him. He’s offering me a thousand bucks a month to say this. Andrew is a visionary whose humanity is boundless. I’m honored to be part of the #YangGang.”

Dave Chappelle performs to a sold out crowd onstage at the Hollywood Palladium. Lester Cohen | WireImage | Getty Images


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: yelena dzhanova
Keywords: news, cnbc, companies, support, warren, endorsements, getty, democratic, biden, sanders, 2020, presidential, race, candidate, celebrity, star, biggest


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5 things to know before the stock market opens Friday

Wall Street set to open with more recordsTraders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2020. Another tech giant hits $1 trillion in stock market valueSundar Pichai, chief executive officer at Google LLC, speaks during the Google Cloud Next ’19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019. “The corporation’s purpose is to find profitable solutions to the problems of people and planet,” Nadella said on “Mad Money.” The Senate


Wall Street set to open with more recordsTraders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2020.
Another tech giant hits $1 trillion in stock market valueSundar Pichai, chief executive officer at Google LLC, speaks during the Google Cloud Next ’19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019.
“The corporation’s purpose is to find profitable solutions to the problems of people and planet,” Nadella said on “Mad Money.”
The Senate
5 things to know before the stock market opens Friday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: matthew j belvedere
Keywords: news, cnbc, companies, michael, microsoft, stock, republican, wire, getty, trump, nadella, things, opens, senate, york, trial, know, market


5 things to know before the stock market opens Friday

1. Wall Street set to open with more records

Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2020. Brendan McDermid | Reuters

2. Another tech giant hits $1 trillion in stock market value

Sundar Pichai, chief executive officer at Google LLC, speaks during the Google Cloud Next ’19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019. Michael Short | Bloomberg | Getty Images

3. Microsoft CEO: Companies need to act on climate change

Satya Nadella, CEO of Microsoft CNBC

Microsoft has unveiled an ambitious green plan aimed at making the company “carbon negative” this decade. By 2050, the company hopes to have removed as much carbon dioxide from the atmosphere that it’s emitted since being founded in 1975. Following that announcement, Microsoft CEO Satya Nadella told CNBC’s Jim Cramer on Thursday evening that capitalism “will fundamentally be in jeopardy” if business does not act to mitigate the negative affects of climate change. “The corporation’s purpose is to find profitable solutions to the problems of people and planet,” Nadella said on “Mad Money.”

4. McConnell issues next steps in Trump’s Senate impeachment trial

U.S. Senator Mitch McConnell (R-KY) speaking during the Republican Senate Caucus press conference.- PHOTOGRAPH BY Michael Brochstein / Echoes Wire/ Barcroft Media (Photo credit should read Michael Brochstein / Echoes Wire / Barcroft Media via Getty Images) Michael Brochstein | Echoes Wire | Barcroft Media | Getty Images

Senate Majority Leader Mitch McConnell laid out the next steps in the Trump impeachment trial. The Kentucky Republican gave the House until Saturday and the White House counsel until Monday to deliver briefs outlining their arguments. The Senate trial resumes Tuesday afternoon. On Thursday, Supreme Court Chief Justice John Roberts was sworn in as the presiding judge for the trial — and the senators, who act as jurors, were sworn in. The GOP-controlled Senate is unlikely to vote to remove the Republican Trump from office.

5. Bloomberg passes Trump’s Google ad spend in 2020 election cycle

Then-Republican presidential nominee Donald Trump speaks to former New York City Mayor Michael Bloomberg during a memorial service at the National 9/11 Memorial September 11, 2016 in New York. Brendan Smialowski | AFP | Getty Images


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: matthew j belvedere
Keywords: news, cnbc, companies, michael, microsoft, stock, republican, wire, getty, trump, nadella, things, opens, senate, york, trial, know, market


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5 things to know before the stock market opens Wednesday

Dow to open steady ahead of US-China trade deal signingA trader works as American flags are displayed on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Tuesday, Nov. 29, 2016. Oil slid below $46 as OPEC members failed to bridge differences on production cuts, while a rally in metals fizzled. Target said that same-store sales during November and December were up just 1.4%. Despite missing the overall sales mark during November and December, Target maintained its prior outlo


Dow to open steady ahead of US-China trade deal signingA trader works as American flags are displayed on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Tuesday, Nov. 29, 2016.
Oil slid below $46 as OPEC members failed to bridge differences on production cuts, while a rally in metals fizzled.
Target said that same-store sales during November and December were up just 1.4%.
Despite missing the overall sales mark during November and December, Target maintained its prior outlo
5 things to know before the stock market opens Wednesday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: matthew j belvedere
Keywords: news, cnbc, companies, know, trump, york, opens, target, market, getty, apple, trade, sales, retailer, stock, things, samestore


5 things to know before the stock market opens Wednesday

1. Dow to open steady ahead of US-China trade deal signing

A trader works as American flags are displayed on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Tuesday, Nov. 29, 2016. Oil slid below $46 as OPEC members failed to bridge differences on production cuts, while a rally in metals fizzled. Michael Nagle | Bloomberg | Getty Images

2. Target shares sink after the retailer reports soft holiday season sales

An increased number of mannequins feature clothing and shoes throughout the remodeled Target store in Orange, California. Jeff Gritchen | MediaNews Group | Getty Images

Shares of Target were losing about 8% in the premarket after the retailer early Wednesday reported holiday sales that missed estimates. Target said that same-store sales during November and December were up just 1.4%. Toy sales were flat and electronics were down. Apparel and grocery sales were up. Digital sales rose 19%. Despite missing the overall sales mark during November and December, Target maintained its prior outlook for fourth-quarter earnings, with Q4 still tracking to be the company’s 11th consecutive quarter of same-store sales gains.

3. Strong bond trading revenues boosts Q4 bank results

wall street sign with new york stock exchange blured flags as background Fischerrx6 | iStock | Getty Images

4. Trump tweets that US helps Apple on trade so it should help authorities

President Donald Trump slammed Apple, suggesting in a tweet that the tech giant should unlock password-protected iPhones used by the shooting suspect at a Navy base in Pensacola, Florida in December. On Monday, Attorney General William Barr said Apple had not provided “substantive assistance” in unlocking the alleged Pensacola shooter’s two iPhones.

5. House to finally send Trump impeachment articles to the Senate

Senate Majority Leader Mitch McConnell (R) (R-KY) with House Minority Leader Rep. Nancy Pelosi (L) (D-CA). Getty Images


Company: cnbc, Activity: cnbc, Date: 2020-01-15  Authors: matthew j belvedere
Keywords: news, cnbc, companies, know, trump, york, opens, target, market, getty, apple, trade, sales, retailer, stock, things, samestore


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Here’s who’s going to Davos this year

Workers listen during a briefing inside the Congress Center, the venue for the World Economic Forum (WEF), in Davos, Switzerland, on Sunday, Jan. 20, 2019. JOHN THYS | AFP | Getty ImagesThe newly-appointed head of the European Central Bank is a well-known figure at WEF. Chris J Ratcliffe | Getty Images News | Getty ImagesThe 17-year old Swedish climate activist is due to return to Davos this year. NICHOLAS KAMM | AFP | Getty ImagesThe Bulgarian national was appointed head of the International Mo


Workers listen during a briefing inside the Congress Center, the venue for the World Economic Forum (WEF), in Davos, Switzerland, on Sunday, Jan. 20, 2019.
JOHN THYS | AFP | Getty ImagesThe newly-appointed head of the European Central Bank is a well-known figure at WEF.
Chris J Ratcliffe | Getty Images News | Getty ImagesThe 17-year old Swedish climate activist is due to return to Davos this year.
NICHOLAS KAMM | AFP | Getty ImagesThe Bulgarian national was appointed head of the International Mo
Here’s who’s going to Davos this year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: silvia amaro
Keywords: news, cnbc, companies, world, 2019, getty, soros, climate, going, european, heres, whos, economic, imagesthe, president, davos


Here's who's going to Davos this year

Workers listen during a briefing inside the Congress Center, the venue for the World Economic Forum (WEF), in Davos, Switzerland, on Sunday, Jan. 20, 2019. Stefan Wermuth | Bloomberg | Getty Images

Business leaders and politicians from around the world are gearing up to attend another session of the World Economic Forum (WEF), in Davos, Switzerland next week. This year marks the 50th anniversary of the event in the Swiss Alps and its theme is “Stakeholders for a Cohesive and Sustainable World.” The annual economic gathering will run from January 21 until January 24. CNBC takes a look at some of the most prominent names attending this year’s event.

Sanna Marin, prime minister of Finland

Finnish Prime Minister Sanna Marin listens during a press conference with her Estonian counterpart as part of her visit to the Etonian capital Tallinn on January 10, 2020. RAIGO PAJULA

At 34, Sanna Marin is the world’s youngest serving prime minister as well as Finland’s third female leader. She heads a four-party coalition government, whose leaders are all women too. At the time of her appointment, in December, she said she never thought about her age or gender. “I think of the reasons I got into politics, and those things for which we have won the trust of the electorate,” she said.

Ursula von der Leyen, president of the European Commission

Thierry Monasse | picture alliance | Getty Images

The former German minister for defense became the head of the EU’s executive arm in December. The new president of the European Commission has many pressing subjects to deal with, including gathering support for her new climate change package. The European Green Deal, a proposal launched in December, aims to make all the EU countries climate neutral by 2050.

Christine Lagarde, ECB president

International Monetary Fund (IMF) managing Director Christine Lagarde smiles during a press conference. JOHN THYS | AFP | Getty Images

The newly-appointed head of the European Central Bank is a well-known figure at WEF. Lagarde, the first female president of the ECB, used to visit the event in her role as managing director of the International Monetary Fund. This time around her words in Davos will be even more closely monitored, as investors look for further clues about the central bank’s strategic review. Lagarde made headlines in late 2019 when stating she wanted the ECB to make climate change a priority.

Greta Thunberg, climate activist

Greta Thunberg speaks at an event with other climate activists on April 22, 2019 in London, England. Chris J Ratcliffe | Getty Images News | Getty Images

The 17-year old Swedish climate activist is due to return to Davos this year. Time’s “Person of the Year” in 2019 has a clear message to lawmakers and business leaders: commit to divest from fossil fuels now. “We demand that at this year’s forum, participants from all companies, banks, institutions and governments immediately halt all investments in fossil fuel exploration and extraction, immediately end all fossil fuel subsidies and immediately and completely divest from fossil fuels. We don’t want these things done by 2050, 2030 or even 2021, we want this done now — as in right now,” Greta wrote in The Guardian newspaper.

Ren Zhengfei, Huawei Technologies founder

Ren Zhengfei, CEO of Huawei speaking with CNBC at Huawei headquaters in Shenzhen, China. Justin Solomon | CNBC

Technology has always been a key point of discussion at Davos and this year won’t be any exception, with 5G technology being a crucial part of the debate. Huawei has led the 5G race across the world, but at the same time it sparked some division between traditional allies, such as the United States and the European Union. U.S. authorities have raised concerns about Huawei’s connections to the Chinese government, which it denies, and took steps to bar the company from selling its technology in the U.S. market. Meanwhile, the European Union is still forming its collective answer to the issues, but the German government announced it does not want to outright block the Chinese firm.

Kristalina Georgieva, managing director of the IMF

International Monetary Fund (IMF) Managing Director Kristalina Georgieva delivers her curtain raiser speech previewing the key issues to be addressed in the Annual Meetings in Washington, DC, on October 8, 2019. NICHOLAS KAMM | AFP | Getty Images

The Bulgarian national was appointed head of the International Monetary Fund in the fall of 2019. She will be presenting the IMF’s latest economic assessment in Davos, joined by Gita Gopinath, the institution’s chief economist.

Deepika Padukone, Bollywood star

Indian actress Deepika Padukone arrives for a trailer launch of her upcoming Bollywood movie ‘Chhapaak’ in Mumbai, India on 10 December 2019. NurPhoto

She is an internationally-acclaimed actress and mental health ambassador. Padukone will be awarded with one of the WEF’s Crystal Awards. She was recently pictured standing silently behind students protesting against the Indian government. The Bollywood star surprised many, given that members of the movie industry tend to avoid politics. Deepika has been named by Time magazine as one of the 100 most influential people in the world.

Steven Mnuchin, US Treasury Secretary

Steven Mnuchin, U.S. Secretary of the Treasury, gestures as he attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 25, 2018. Denis Balibouse | Reuters

U.S. Treasury Secretary Steven Mnuchin led the discussion in Davos in 2017, having said at a news conference that a weaker dollar was good for the United States. His comments represented a shift in U.S. policy and sparked a dollar sell-off.

George Soros, chairman of Soros Fund Management

Billionaire investor George Soros. Sean Gallup | Getty Images

The billionaire investor George Soros is a familiar face in the Swiss Alps. In the last edition, Soros expressed his concerns over President Donald Trump’s foreign and economic policy. “An effective policy towards China can’t be reduced to a slogan. It needs to be far more sophisticated, detailed and practical; and it must include an American economic response to the Belt and Road Initiative,” he said.

Donald Trump, US president

US President Donald Trump speaks during a “Keep America Great” campaign rally at Huntington Center in Toledo, Ohio, on January 9, 2020. Saul Loeb | AFP | Getty Images


Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: silvia amaro
Keywords: news, cnbc, companies, world, 2019, getty, soros, climate, going, european, heres, whos, economic, imagesthe, president, davos


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5 things to know before the stock market opens Thursday

Bryan R Smith | ReutersU.S. stock futures were pointing to a new intraday high for the Dow Jones Industrial Average at Thursday’s open on Wall Street. The Stock Trader’s Almanac, which studied the market phenomenon going back to 1950, found that the first five days has a good track record of predicting the whole year. Tesla’s stock value tops the combined market caps of GM and FordElon Musk attends the groundbreaking ceremony of the Tesla Gigafactory in Shanghai, east China, on January 7, 2019.


Bryan R Smith | ReutersU.S. stock futures were pointing to a new intraday high for the Dow Jones Industrial Average at Thursday’s open on Wall Street.
The Stock Trader’s Almanac, which studied the market phenomenon going back to 1950, found that the first five days has a good track record of predicting the whole year.
Tesla’s stock value tops the combined market caps of GM and FordElon Musk attends the groundbreaking ceremony of the Tesla Gigafactory in Shanghai, east China, on January 7, 2019.

5 things to know before the stock market opens Thursday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-09  Authors: matthew j belvedere
Keywords: news, cnbc, companies, record, things, market, days, washington, trump, know, opens, stock, house, trade, 2019, getty


5 things to know before the stock market opens Thursday

1. Dow set to open at new highs, joining the S&P and Nasdaq a record levels

Traders work on the floor at the closing bell of the New York Stock Exchange, December 30, 2019. Bryan R Smith | Reuters

U.S. stock futures were pointing to a new intraday high for the Dow Jones Industrial Average at Thursday’s open on Wall Street. The S&P 500 and Nasdaq hit new intraday highs Wednesday and the Nasdaq closed at a record top on easing concerns about U.S.-Iran hostilities. A day before Friday’s monthly government employment report for December, the Labor Department on Thursday said that filings for first-time jobless claims dropped more than expected last week but still rose to 1½-year highs. Private payroll growth ended 2019 on a strong note, with companies adding 202,000 positions in December, according to a report Wednesday from ADP and Moody’s Analytics.

2. China’s top trade negotiator to sign phase one deal in Washington next week

Chinese Vice Premier Liu He (waving) is escorted by U.S. Trade Representative Robert Lighthizer (R) and Treasury Secretary Steven Mnuchin into the USTR offices as they begin another round of trade negotiations October 10, 2019 in Washington, DC. Images) Chip Somodevilla | Getty Images News | Getty Images

Confirmation from China that its top trade negotiator, Vice Premier Liu He, will sign the phase one trade agreement in Washington next week added to the stock gains. Negotiating teams from both sides remain in close communication on the particular arrangements of the signing, the Commerce Ministry said Thursday. President Donald Trump, on New Year’s Eve, said the China trade deal would be signed on Jan. 15 at the White House. Trump also said he will travel to Beijing to begin talks on the next phase.

3. House to vote to limit Trump’s power to take military action against Iran

U.S. House Speaker Nancy Pelosi (D-CA) talks about the remaining legislative business and the House of Representatives vote to impeach U.S. President Donald Trump during her final weekly news conference of 2019 at the U.S. Capitol in Washington, U.S., December 19, 2019. Aurora Samperio | NurPhoto | Getty Images

Speaker Nancy Pelosi said the House will vote Thursday on a resolution to curb Trump’s power to take military action against Iran, two days after Tehran retaliated for last week’s U.S. killing of a top Iranian general. Iran on Tuesday night launched missiles at Iraqi bases housing U.S. forces. On Wednesday, Trump said Iran “appears to be standing down” after the airstrikes, and that he would increase “punishing” sanctions rather than take further military action.

4. ‘First five days’ rule points to a potentially strong market in 2020

Stocks finished the first five trading days of 2020 higher, setting up for a potentially strong performance in the full year, based on an old Wall Street indicator. If stocks perform well in the initial couple of sessions in a given year, the market is often up at year-end, according to the “first five days” rule. The Stock Trader’s Almanac, which studied the market phenomenon going back to 1950, found that the first five days has a good track record of predicting the whole year.

5. Tesla’s stock value tops the combined market caps of GM and Ford

Elon Musk attends the groundbreaking ceremony of the Tesla Gigafactory in Shanghai, east China, on January 7, 2019. Ding Ting | Xinhua News Agency | Getty Images

Shares of Tesla, which more than doubled since late September, rose 1.2% in premarket trading after another new high. The Silicon Valley electric auto maker jumped nearly 5% on Wednesday, closing at a record $492.14 per share, elevating its stock market value to almost $89 billion. That’s about $2 billion larger than the combined market capitalization of General Motors and Ford, which have respective market caps of about $50 billion and $37 billion. Tesla’s surge has been fueled by a surprise third-quarter profit, progress at a new factory in China and better-than-expected car deliveries in the fourth quarter.


Company: cnbc, Activity: cnbc, Date: 2020-01-09  Authors: matthew j belvedere
Keywords: news, cnbc, companies, record, things, market, days, washington, trump, know, opens, stock, house, trade, 2019, getty


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5 things to know before the stock market opens on the first trading day of 2020

Wall Street’s 2019 rally set to continue in 2020U.S. stock futures pointed to a strong start to the first trading session of 2020 as Wall Street carried its momentum from 2019. ET, Dow Jones Industrial Average futures were up more than 150 points, while S&P 500 and Nasdaq 100 futures also indicated solid gains. To be sure, the New Year presents new challenges for investors as the 2020 U.S. presidential election looms. The new price target implies a 12-month upside of 23% from and is the highest


Wall Street’s 2019 rally set to continue in 2020U.S. stock futures pointed to a strong start to the first trading session of 2020 as Wall Street carried its momentum from 2019.
ET, Dow Jones Industrial Average futures were up more than 150 points, while S&P 500 and Nasdaq 100 futures also indicated solid gains.
To be sure, the New Year presents new challenges for investors as the 2020 U.S. presidential election looms.
The new price target implies a 12-month upside of 23% from and is the highest
5 things to know before the stock market opens on the first trading day of 2020 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-02  Authors: fred imbert
Keywords: news, cnbc, companies, market, trading, china, tesla, getty, 2020, jumped, 2019, japan, things, stock, opens, ghosn, know, wall, futures, day


5 things to know before the stock market opens on the first trading day of 2020

Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters

1. Wall Street’s 2019 rally set to continue in 2020

U.S. stock futures pointed to a strong start to the first trading session of 2020 as Wall Street carried its momentum from 2019. As of 7:50 a.m. ET, Dow Jones Industrial Average futures were up more than 150 points, while S&P 500 and Nasdaq 100 futures also indicated solid gains. Stocks had a banner year in 2019, with the S&P 500 rallying more than 28%. The Dow and Nasdaq jumped 22% and 35%, respectively, in 2019. To be sure, the New Year presents new challenges for investors as the 2020 U.S. presidential election looms.

2. China cuts key rate

Zhou Xiaochuan, governor of the People’s Bank of China (PBOC), attends a news conference at the Great Hall of the People during the 19th National Congress of the Communist Party of China in Beijing, China, on Thursday, Oct. 19, 2017. Qilai Shen | Bloomberg | Getty Images

The People’s Bank of China announced on Wednesday it lowered the reserve requirement ratio for the country’s banks by 50 basis points. This move is expected to inject 800 billion yuan in liquidity to the Chinese economy. The announcement lifted sentiment across global equities as Asian stock markets ended mostly higher overnight. In Europe, the French CAC 40 jumped 1.4% while the German Dax gained 0.9%.

3. Tesla shares jump on big price-target bump

Elon Musk attends the groundbreaking ceremony of the Tesla Gigafactory in Shanghai, east China, on January 7, 2019. Ding Ting | Xinhua News Agency | Getty Images

Shares of the electric car maker jumped more than 1.6% in the premarket after an analyst at Canaccord Genuity hiked his price target to $515 per share from $375 per share. The new price target implies a 12-month upside of 23% from and is the highest among major Wall Street brokerages. “While bears have feared demand issues as a function of tax credit expiration for Tesla, we suspect a solid Q4 combined with the robust Q3 should put these fears to rest and put to rest this issue as the credit expires,” the analyst said in a note. Tesla shares are coming off a strong 2019, rising 25.7% in that time.

4. Carlos Ghosn reportedly had a spare French passport while on bail

Carlos Ghosn, chief executive officer of Nissan Motor Co., gestures as he speaks during a news conference in Yokohama, Kanagawa Prefecture, Japan, on Thursday, May 12, 2016. Kiyoshi Ota | Bloomberg | Getty Images

Japanese public broadcaster NHK said ousted Nissan boss Carlos Ghosn was allowed to carry a spare French passport while out on bail in Japan. The news shed some light on how Ghosn managed to escape Japan. Earlier this week, Ghosn said he left Japan to escape a rigged Japanese justice system where guilt is presumed.” Ghosn was arrested in Tokyo in late 2018 on charges of hiding income and enriching himself.

5. Bernie Sanders raises more than $34 million in the fourth quarter

Sen. Bernie Sanders holds a campaign rally in Detroit, October 27, 2019. Rebecca Cook | Reuters


Company: cnbc, Activity: cnbc, Date: 2020-01-02  Authors: fred imbert
Keywords: news, cnbc, companies, market, trading, china, tesla, getty, 2020, jumped, 2019, japan, things, stock, opens, ghosn, know, wall, futures, day


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Travel trend 2020: Mekong River cruises are booming — here’s why

Mekong River cruises are booming, particularly in Cambodia and Vietnam. In 2020, at least 10 river boats — some quite luxurious — will cruise the lush and navigable lower Mekong. In 2003, he began offering cruises on the lower Mekong, and in 2015 to Vietnam’s Red River and the upper Mekong in Laos and China. The 48-passenger Mekong Pandaw. Two boats do seven-night cruises on the lower Mekong — the 48-passenger Mekong Pandaw and the 56-passenger Tonle Pandaw — starting at $2,596.50 per person, wh


Mekong River cruises are booming, particularly in Cambodia and Vietnam.
In 2020, at least 10 river boats — some quite luxurious — will cruise the lush and navigable lower Mekong.
In 2003, he began offering cruises on the lower Mekong, and in 2015 to Vietnam’s Red River and the upper Mekong in Laos and China.
The 48-passenger Mekong Pandaw.
Two boats do seven-night cruises on the lower Mekong — the 48-passenger Mekong Pandaw and the 56-passenger Tonle Pandaw — starting at $2,596.50 per person, wh
Travel trend 2020: Mekong River cruises are booming — here’s why Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-30  Authors: heidi sarna
Keywords: news, cnbc, companies, person, meals, scenic, travel, mekong, getty, cruises, heres, booming, local, pandaw, river, boats, 2020, trend


Travel trend 2020: Mekong River cruises are booming — here's why

Mekong River cruises are booming, particularly in Cambodia and Vietnam. In 2020, at least 10 river boats — some quite luxurious — will cruise the lush and navigable lower Mekong. Most resemble the river boats of Europe, staffed with chefs who prepare authentic regional fare and local guides who share cultural histories as well as personal stories.

Why go by water?

Cruising the Mekong — one of Asia’s longest rivers — is a safe, convenient and pampered way to explore the region. “I loved the idea of a Mekong River cruise because having no familiarity with Southeast Asia, I found it less intimidating to be on a cruise,” says traveler, Julia Steinmetz, who cruised with Scenic Luxury Cruises & Tours in late 2018.

A coconut plantation in Vietnam’s Mekong Delta. Cuongvnd | Getty Images

River cruises typically offer one or two daily excursions, such as village walks, temple and monastery visits, and workshops to see how traditional trades are plied. Transport is often by local sampan or tuk-tuks, affording a close-up peek into rural life along the Mekong’s tributaries. “Our guests’ best souvenirs come from interacting with the local communities — for example, enjoying an ox cart tour and visiting local silk-making facilities or bustling fish and insect markets,” says Kristin Karst, executive vice president and co-owner of AmaWaterways river cruises.

One of the longest rivers in Asia, the Mekong is more more than 2,700 miles long. Sangkhomhungkhunthod | Getty Images

A day is typically spent docked at Cambodia’s bustling capital city of Phnom Penh to see the gilded royal palace, vestiges of French colonial architecture and the city’s sprawling markets. Others focus on Phnom Penh’s dark history during the brutal Khmer Rouge regime, paying a visit to the haunting Tuol Sleng Genocide Museum and the Killing Fields.

Traditional cruises

One company stands apart with its traditional-style boats that pioneered river cruising in Southeast Asia. For some 25 years, Pandaw has offered in-depth, exploratory adventures on beautifully rustic open-deck boats built to resemble the Irrawaddy flotilla paddle steamers that cruised the river more than a century ago. Scotsman and Burma scholar Paul Strachan launched a river boat on Burma’s Irrawaddy River in 1995, and so Pandaw was born. In 2003, he began offering cruises on the lower Mekong, and in 2015 to Vietnam’s Red River and the upper Mekong in Laos and China.

The 48-passenger Mekong Pandaw. Courtesy of Pandaw

Pandaw’s fleet of 17 nearly identical two-and three-deck boats carry from 10 to 60 passengers and are made of teak and hardwoods with brass detailing. The expansive and breezy outdoor space invites passengers to soak up life on the river. Two boats do seven-night cruises on the lower Mekong — the 48-passenger Mekong Pandaw and the 56-passenger Tonle Pandaw — starting at $2,596.50 per person, which includes all meals and excursions. Both carry bicycles and offer massage services. For a shorter option, the 60-passenger Indochina Pandaw offers three-night cruises between Ho Chi Minh and Phnom Penh, starting at $1,125 per person.

Luxury cruises

If your idea of adventure is returning from a fascinating but sweaty day of touring to a posh cocoon for a massage and soak in the pool, while a waiter trots over your favorite libation (included in the fare), then consider the all-suite 68-passenger Scenic Spirit. Debuting in 2016, the elegant river boat has a five-star-hotel vibe and emphasizes dining, with elaborate lunch buffets, multi-course dinners and a generous choice of wines. The boat also boasts a gym, plus a roomy spa with sauna and steam room.

The deluxe suite on the Scenic Spirit. Courtesy of Scenic

A 10-night cruise starts at $4,695 per person and includes three nights in a luxury Siem Reap hotel, meals, open bar, butler, multiple daily excursions and special entertainment, such as an Apsara dance performance against the backdrop of a 12th-century Angkor Wat temple.

Angkor Wat. Sakchai Vongsasiripat | Getty Images

Meanwhile, Scenic’s more moderately-priced and less-inclusive sister line, Emerald Waterways, has the brand new 84-passenger Emerald Harmony, with seven-night cruises starting at $2,195 per person, including all meals, one daily excursion and wine and beer at lunch and dinner. Another company, AmaWaterways, offers the 124-passenger AmaDara. Built in 2015, the boat is styled with French colonial-style interiors, glossy teak paneling and carved wood furniture. As it is on the Scenic Spirit, dining is a highlight; likewise there’s a pool, small gym and spa.

The Chef’s Table restaurant on the AmaDara. Courtesy of AmaWaterways

Excursions are immersive, from a blessing at a Buddhist ceremony in an ornate temple to sightseeing tours that include rides in sampan boats, trishaws, tuk-tuks and even ox carts. Seven-night AmaDara cruises start at $1,399 per person, and include daily excursions, meals and beverages including wine with lunch and dinner.

Before You Go

Understand

Controversies exist on the Mekong that aren’t on most tourists’ radars. China’s push to build dams for hydropower and sand exportation to other nations impact water flow, fishing, agriculture and communities. Meanwhile, climate change is blamed for erratic rainfall and unpredictable river levels, and pollution is a growing concern. In an effort to help the latter, river cruises such as Pandaw and Scenic have replaced plastic water bottles with glass bottles in rooms and refillable bottles for excursions.

Two boys swim in Vietnam’s Mekong Delta. Hadynyah | Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-12-30  Authors: heidi sarna
Keywords: news, cnbc, companies, person, meals, scenic, travel, mekong, getty, cruises, heres, booming, local, pandaw, river, boats, 2020, trend


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How the Affordable Care Act transformed our health-care system

U.S. President Barack Obama signs the Affordable Health Care for America Act during a ceremony with fellow Democrats in the East Room of the White House March 23, 2010 in Washington, DC. Win McNamee | Getty ImagesDespite suffering from a past heart attack and diabetes a woman was able to receive medical coverage through Medicaid expansion under the Affordable Care Act. Other states, meanwhile, have fully adopted the Affordable Care Act — and gone further to cover their residents. In 2020, Califo


U.S. President Barack Obama signs the Affordable Health Care for America Act during a ceremony with fellow Democrats in the East Room of the White House March 23, 2010 in Washington, DC.
Win McNamee | Getty ImagesDespite suffering from a past heart attack and diabetes a woman was able to receive medical coverage through Medicaid expansion under the Affordable Care Act.
Other states, meanwhile, have fully adopted the Affordable Care Act — and gone further to cover their residents.
In 2020, Califo
How the Affordable Care Act transformed our health-care system Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-29  Authors: annie nova
Keywords: news, cnbc, companies, medicaid, transformed, getty, michigan, act, state, health, system, healthcare, affordable, care, qualify, washington


How the Affordable Care Act transformed our health-care system

U.S. President Barack Obama signs the Affordable Health Care for America Act during a ceremony with fellow Democrats in the East Room of the White House March 23, 2010 in Washington, DC. Win McNamee | Getty Images

Despite suffering from a past heart attack and diabetes a woman was able to receive medical coverage through Medicaid expansion under the Affordable Care Act. Luke Sharrett | The Washington Post | Getty Images

“There’s a lot of people who have health problems that prevent them from working,” said Linda Jordan, a public benefits lawyer at the Center for Civil Justice in Michigan. Starting in January, many Medicaid recipients in Michigan will have to show at least 80 hours a month of workforce engagement to maintain their coverage. Other states, meanwhile, have fully adopted the Affordable Care Act — and gone further to cover their residents. In 2020, California will become the first state to offer state subsidies to people who earn too much to qualify for federal tax credits on the health-care marketplace. For example, an individual earning $70,000 a year and a family of four making $150,000 could qualify for the state relief.


Company: cnbc, Activity: cnbc, Date: 2019-12-29  Authors: annie nova
Keywords: news, cnbc, companies, medicaid, transformed, getty, michigan, act, state, health, system, healthcare, affordable, care, qualify, washington


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The bankruptcies that rocked the retail industry in 2019

There were 23 retail bankruptcies in 2019, compared with 17 in 2018, according to a tracking by CB Insights. Here’s a list of the retailers that filed for bankruptcy in 2019, from earliest filings to the most recent. Source: DieselDenim brand Diesel filed for Chapter 11 bankruptcy in March. Plus-size apparel brand Avenue filed for Chapter 11 bankruptcy in August and three months later filed for Chapter 7. Destination MaternityDestination Maternity filed for Chapter 11 bankruptcy in October 2019.


There were 23 retail bankruptcies in 2019, compared with 17 in 2018, according to a tracking by CB Insights.
Here’s a list of the retailers that filed for bankruptcy in 2019, from earliest filings to the most recent.
Source: DieselDenim brand Diesel filed for Chapter 11 bankruptcy in March.
Plus-size apparel brand Avenue filed for Chapter 11 bankruptcy in August and three months later filed for Chapter 7.
Destination MaternityDestination Maternity filed for Chapter 11 bankruptcy in October 2019.
The bankruptcies that rocked the retail industry in 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-27  Authors: lauren thomas
Keywords: news, cnbc, companies, million, rocked, filed, retail, 2019, chapter, assets, stores, bankruptcy, store, bankruptcies, industry, getty


The bankruptcies that rocked the retail industry in 2019

A Barney’s store stands in lower Manhattan on August 06, 2019 in New York City. Barneys, one of America’s most exclusive clothing stores, has filed for bankruptcy. Spencer Platt | Getty Images

2019 brought with it more retail bankruptcies. And the implications have been more store closures, thousands of lost jobs and an vastly different retail landscape that doesn’t look anything like where your parents used to shop. While some retailers filed for Chapter 11 bankruptcy protection for the first time this year, others went through a so-called Chapter 22 scenario, where it was their second time in bankruptcy court. That included Z Gallerie and Charming Charlie. And some retailers, like discount chain Fred’s, ended up liquidating. “The bankruptcies [this year] are kind of lumpy,” said Vince Tibone, a lead retail analyst at commercial real estate services firm Green Street Advisors. “2017 was a big year. 2018 was a little on the lighter side. 2019 turned out to be another big year.” 2020 will inevitably bring with it more bankruptcies, analysts say. But the filings from the likes of Payless ShoeSource, Destination Maternity and Shopko in 2019 also have their own consequences for the coming year. Shoe retailer Payless has shut all its stores, for example, wiping itself entirely from the retail landscape. Shopko is also liquidating. But gifting chain Things Remembered has found a new owner to help the business keep its website running during bankruptcy, and Gymboree’s intellectual property was acquired by The Children’s Place and Gap to keep some of its stores open. Destination Maternity also has a new owner that is considering keeping some stores open rather than liquidate. Every retailer’s path through bankruptcy is a little different. Some companies are still finding ways, through new owners and fresh infusions of cash, to come back to life. Sears, in fact, is still holding on. Another key theme to draw from this year’s retail bankruptcies is that the apparel category is struggling more than others, Tibone said. Numerous clothing retailers such as Charlotte Russe, Diesel, A’Gaci and Forever 21 filed for bankruptcy this year. That follows the department store bankruptcies of Sears and Bon-Ton in 2018. Clothing shoppers are turning to platforms like Rent the Runway and Stitch Fix or are going to Target and TJ Maxx, bypassing department stores. There were 23 retail bankruptcies in 2019, compared with 17 in 2018, according to a tracking by CB Insights. The firm has tracked 81 retail bankruptcies starting in 2015. Here’s a list of the retailers that filed for bankruptcy in 2019, from earliest filings to the most recent.

Shopko

A sign outside of a shopko that is going out of business in Onalaska, Wisconsin along highway 16. Jason_Ray_Photography | iStock Editorial | Getty Images

Shopko filed for bankruptcy last January. Initially, the company was hoping to salvage some of its locations in shuttering about 70% of its stores. But by March, Shopko announced plans to liquidate all of its assets, or more than 300 stores. It was ultimately unable to find a buyer for the discount retail business. Shopko, when it filed, cited assets of less than $1 billion and debts of $1 billion to $10 billion.

Gymboree

Pedestrians walk past a Gymboree store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images

Gymboree filed for bankruptcy, for a second time, in January. It said at the time that it planned to shutter all 800 of its Gymboree and Crazy 8 stores. By March, it announced it had found buyers for the rights for those brands and for its high-end children’s chain Janie and Jack. It sold the first to The Children’s Place and Janie and Jack to Gap. The Children’s Place is now planning to add Gymboree shops inside 200 of its stores across the U.S. and Canada in 2020. Gap has kept some Janie and Jack stores open. Gymboree, when it filed, listed assets in the range of $100 million to $500 million, and liabilities of $50 million to $100 million.

Things Remembered

Things Remembered, a popular gifting chain, filed for bankruptcy in February 2019. This is a snapshot of its website.

Things Remembered, a gifting chain, filed for bankruptcy in February. Weeks later, the business was sold to privately held giftware distributor Enesco. When Things Remembered filed for bankruptcy, it had roughly 450 stores. Enesco said it planned to save fewer than half of those stores through its purchase. To try to turn the business around, it said it would offer and hopefully sell more personalized merchandise to customers. Things Remembered, when it filed, listed assets in a range of $50 million to $100 million, and $100 million to $500 million in liabilities.

Payless Shoesource

Orlando, Florida, United States – A Payless ShoeSource store is seen in Orlando, Florida on February 17, 2019, the first day of the firm’s liquidation sale after confirming on February 15, 2019 that it will close its 2,100 stores in the U.S. and Puerto Rico. Paul Hennessy | NurPhoto | Getty Images

Payless Shoesource filed for bankruptcy, for the second time, in February. This time, the company announced it would be shuttering all of its stores, which amounted to more than 2,000 across North America. Payless said it was “ill-equipped to survive in today’s retail environment.” It was especially burdened by a heavy debt load. Payless, when it filed, listed assets and liabilities in a range of $500 million to $1 billion.

Charlotte Russe

A Charlotte Russe store displays liquidation signs in the window near Herald Square, March 7, 2019 in New York City. Drew Angerer | Getty Images

Charlotte Russe filed for Chapter 11 bankruptcy in February. At one point, the teen apparel retailer was going to be forced to liquidate and shut more than 500 stores nationwide. But the brand and its intellectual property was sold to North American fashion house YM. in March. YM said it planned to keep dozens of Charlotte Russe locations open.

Diesel

Denim brand Diesel filed for bankruptcy in March 2019. Source: Diesel

Denim brand Diesel filed for Chapter 11 bankruptcy in March. It had 28 stores at the time and said it planned to exit some of those leases as a result of its filing. The company blamed sinking sales and expensive real estate deals for pushing it into bankruptcy court. It struggled to compete with popular jeans maker Levi’s, among others. Diesel, when it filed, listed assets of $50 million to $100 million, and liabilities of $10 million to $50 million.

Z Gallerie

Z Gallerie, a retailer that offers furniture and accessories for home and office, on September 5, 2008, in Long Beach, CA The retailer announced it will close its Pine Ave. location when the building, which Z Galleire owns, is sold. (Photo by Jeff Gritchen/Digital First Media/Orange County Register via Getty Images) Jeff Gritchen | Orange County Register | MediaNews Group | Getty Images

Home furnishings retailer Z Gallerie filed for Chapter 11 bankruptcy, for a second time, in March. At the time, it said it planned to shut 17 of its 76 stores. It later found a new owner, DirectBuy, which said it planned to keep at least 32 Z Gallerie locations open. Z Gallerie’s struggles were pegged to the company being late to invest in e-commerce, at a time when Amazon’s dominance was only accelerating, even in home goods. Z Gallerie, when it filed, listed assets and liabilities of $100 million to $500 million.

Roberto Cavalli

People walk in Beverly Hills, Los Angeles. Beverly Hills is a district of upscale shopping and rich celebrities. tupungato | iStock Editorial | Getty Images

Luxury fashion brand Roberto Cavalli filed for Chapter 7 bankruptcy in April. It liquidated its entire North American business after losing its chief creative director. It had eight stores and four outlets in the U.S., mostly in upscale areas like along Rodeo Drive in Beverly Hills, California. The Italian-based label fell out favor with U.S. consumers as brands like Gucci, Balenciaga and Fendi have surged in popularity more recently.

Charming Charlie

Shoppers walk past a Charming Charlie store in Manhattan Source: Charming Charlie

The youthful apparel and accessories brand Charming Charlie filed for Chapter 11 bankruptcy in July. It marked the company’s second filing, after it first went into bankruptcy court at the end of 2017. This time, the company said it would be liquidating all of its roughly 261 U.S. stores. All have since closed. Charming Charlie’s intellectual property assets were later sold to real estate investment company CJS Group in September. Charming Charlie’s website now says the brand will be staging a “comeback” in 2020. Charming Charlie, when it filed, listed $82 million in debt.

A’Gaci

The A’GACI store opening at Sawgrass Mills Mall in Sunrise, Florida. Larry Marano | WireImage | Getty Images

Women’s fashion brand A’gaci filed for Chapter 11 bankruptcy in August. It was the company’s second time in bankruptcy court in under two years. This time, A’gaci said in court documents it intended to “close and wind down” all 54 of its brick and mortar store locations.

Avenue

Plus-size apparel brand Avenue filed for Chapter 11 bankruptcy in August. Here’s a snapshot of its website.

Plus-size apparel brand Avenue filed for Chapter 11 bankruptcy in August and three months later filed for Chapter 7. It has since started to liquidate its more than 200 stores. As deep-pocketed rivals like Walmart and Target have grown their plus-size offerings, Avenue struggled to keep its product assortment fresh and appealing. Other competitors include Lane Bryant, Torrid and Ashley Stewart. Avenue listed assets of $50 million to $100 million, and liabilities of $100 million to $500 million.

Barneys New York

Pedestrians pass in front of a Barneys New York retail location in Chicago. Taylor Glascock | Bloomberg | Getty Images

High-end department store chain Barneys New York filed for Chapter 11 bankruptcy in August. In November, a bankruptcy judge approved the sale of Barneys’ brands and other intellectual property to Authentic Brands, kicking off liquidation sales at all of Barneys’ stores. Authentic Brands plans to license the Barneys brand name to Hudson’s Bay co-owned Saks Fifth Avenue and plans to open pint-sized Barneys shops in certain Saks locations. Barneys New York, when it filed, listed over $100 million in debt and assets.

Fred’s

A store log outside of the headquarters of Fred’s Pharmacy Memphis, Tennessee. Sipa | AP Images

Discount retailer and pharmacy chain Fred’s filed for Chapter 11 bankruptcy in September and plans to liquidate and shut all of its more than 500 stores. Fred’s lacked scale in the pharmacy and the discount business to be competitive with its larger rivals. Its future was thrown into question when federal antitrust regulators stopped a tie-up between Walgreens Boots Alliance and Rite Aid. Fred’s had been expected to benefit from that deal because it was poised to add nearly 1,000 Rite Aid stores to its business. Fred’s, when it filed, listed total assets of $475 million and total debts of $380 million.

Forever 21

People enter a Forever 21 store at a shopping mall in Montebello, California on September 30, 2019 a day after the fashion retailer filed for Chapter 11 bankruptcy protection. Frederic J. Brown | AFP | Getty Images

Apparel retailer Forever 21 filed for Chapter 11 bankruptcy in September. At the time, it had more than 800 stores worldwide. During bankruptcy proceedings, the company has said it plans to exit most of its businesses overseas, in Asia and Europe. It plans to continue operating in its stronger regions of Mexico and Latin America. And it doesn’t plan to exit any major markets in the U.S., though it will shut dozens of stores there. Forever 21 continues to negotiate with landlords to try to earn rent reductions. The company was ultimately pushed into bankruptcy because it grew too fast, too large, and failed to understand some international markets. Forever 21, when it filed, listed assets and liabilities in a range of $1 billion to $10 billion.

Sugarfina

A view of sugarfina treats during the opening of Daniel Wellington’s global flagship store in Rockefeller Center on October 13, 2018 in New York City. Craig Barritt | Getty Images

Luxe candy purveyor Sugarfina, known for its unique flavors of gummy bears and chocolates, filed for Chapter 11 bankruptcy in September. Private-equity firm Bristol Luxury Group acquired Sugarfina’s assets in November, vowing to keep some of the stores open. Sugarfina also operates smaller shops in some Nordstrom locations. Sugarfina, when it filed, listed assets and liabilities of up to $50 million.

Destination Maternity

Destination Maternity filed for Chapter 11 bankruptcy in October 2019. Source: Destination Maternity


Company: cnbc, Activity: cnbc, Date: 2019-12-27  Authors: lauren thomas
Keywords: news, cnbc, companies, million, rocked, filed, retail, 2019, chapter, assets, stores, bankruptcy, store, bankruptcies, industry, getty


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