DoorDash continues to lead in the food delivery wars

An exclusive partnership with Cheesecake Factory and deals to deliver for Chipotle Mexican Grill, Five Guys and other local restaurants made DoorDash the leader in U.S. meal delivery last month. According to data from consumer analytics firm Second Measure, DoorDash has 35% of the meal delivery market. Analysts say meal delivery has even more room to grow. Last week, Morgan Stanley published research showing meal delivery services only address 6% of the $350 billion dollar quick-service restaura


An exclusive partnership with Cheesecake Factory and deals to deliver for Chipotle Mexican Grill, Five Guys and other local restaurants made DoorDash the leader in U.S. meal delivery last month.
According to data from consumer analytics firm Second Measure, DoorDash has 35% of the meal delivery market.
Analysts say meal delivery has even more room to grow.
Last week, Morgan Stanley published research showing meal delivery services only address 6% of the $350 billion dollar quick-service restaura
DoorDash continues to lead in the food delivery wars Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-21  Authors: frank holland jr reed, frank holland, jr reed, maggie fitzgerald
Keywords: news, cnbc, companies, food, delivery, measure, lead, meal, continues, wars, increasing, general, doordash, market, customers, report


DoorDash continues to lead in the food delivery wars

An exclusive partnership with Cheesecake Factory and deals to deliver for Chipotle Mexican Grill, Five Guys and other local restaurants made DoorDash the leader in U.S. meal delivery last month.

According to data from consumer analytics firm Second Measure, DoorDash has 35% of the meal delivery market. Publicly traded rivals GrubHub and Uber Eats captured 30% and 20% of the market, respectively.

DoorDash is also the fastest growing, with sales increasing 114% since October 2018, while the overall market grew by 40%.

Analysts say meal delivery has even more room to grow. Last week, Morgan Stanley published research showing meal delivery services only address 6% of the $350 billion dollar quick-service restaurant market.

In a note to clients on Wednesday, Peter Saleh, managing director and restaurants analyst at BTIG, said “restaurant delivery will survive, if not thrive, given the healthy consumer demand for the service across quick service, fast casual and casual dining.”

DoorDash is reportedly planning to enter the public markets through a direct listing, according to a Bloomberg report. Based on recent investments, the company’s valuation is approaching $13 billion, the report said.

The meal delivery leader may now have the biggest share of customers nationally, but the landscape remains fragmented in major cities.

According to Second Measure data, DoorDash has the most customers in Washington D.C., Houston and San Francisco. GrubHub is the dominate player in New York City while Uber Eats grabs the top spot in Los Angeles.

While DoorDash is increasing market share, it’s also facing increased scrutiny.

The Washington, D.C. attorney general is accusing the company of “deceptive” business practices, alleging DoorDash kept tips meant for workers and mislead customers in general about where their tips were going. D.C. Attorney General Karl Racine is seeking to recover millions of dollar in tip money paid through DoorDash over the previous two years. In July, DoorDash changed a policy allowing it keep a portion of driver tips.

The overall meal delivery business is also facing increasing pressure on margins with the rise of price comparison tools available on Google and through the site FoodBoss.

Second Measure will publish its full report on U.S. meal delivery on Friday afternoon.


Company: cnbc, Activity: cnbc, Date: 2019-11-21  Authors: frank holland jr reed, frank holland, jr reed, maggie fitzgerald
Keywords: news, cnbc, companies, food, delivery, measure, lead, meal, continues, wars, increasing, general, doordash, market, customers, report


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Hulu is increasing the price of its Hulu + Live TV 22% starting Dec. 18

Hulu announced on Friday that it is increasing the price of its Hulu + Live TV to $54.99 per month, up from $44.99. Hulu + Live TV combines live and on-demand television and was launched in 2017. “If you enjoy most of your TV on demand but really want to watch live election news, just switch to Hulu + Live TV for a few months.” Hulu’s basic on-demand streaming plan that includes ads costs $5.99 per month. This price increase comes just after Disney’s new streaming service Disney+, which does not


Hulu announced on Friday that it is increasing the price of its Hulu + Live TV to $54.99 per month, up from $44.99.
Hulu + Live TV combines live and on-demand television and was launched in 2017.
“If you enjoy most of your TV on demand but really want to watch live election news, just switch to Hulu + Live TV for a few months.”
Hulu’s basic on-demand streaming plan that includes ads costs $5.99 per month.
This price increase comes just after Disney’s new streaming service Disney+, which does not
Hulu is increasing the price of its Hulu + Live TV 22% starting Dec. 18 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-15  Authors: elly cosgrove
Keywords: news, cnbc, companies, plan, live, dec, price, hulu, ondemand, streaming, starting, increasing, switch, television, service


Hulu is increasing the price of its Hulu + Live TV 22% starting Dec. 18

Hulu announced on Friday that it is increasing the price of its Hulu + Live TV to $54.99 per month, up from $44.99.

The price increase will begin on Dec. 18.

Hulu + Live TV combines live and on-demand television and was launched in 2017. The service includes more than 60 live channels including ESPN, Fox Sports, CNN, FX, TNT, Bravo and all major broadcast networks. In addition, the service includes all of Hulu’s on-demand content.

Hulu said in its price increase release that the updated price “better reflects” all that is included with the service.

“Price changes are never easy to stomach, and we know that many people don’t watch live television year-round, so we’ve made it easy for Hulu subscribers to switch back and forth between our plans to best suit their needs,” Hulu said in a blog post.

Hulu recommended that customers should evaluate what kind of content they are consuming so they can better determine which plan works best for them during certain times of the year.

“If you love college football, choose Hulu + Live TV during the season, then switch to one of Hulu’s less expensive on-demand plans when it’s over,” the company advised. “If you enjoy most of your TV on demand but really want to watch live election news, just switch to Hulu + Live TV for a few months.”

Hulu’s basic on-demand streaming plan that includes ads costs $5.99 per month.

This price increase comes just after Disney’s new streaming service Disney+, which does not include live television, kicked off the streaming wars this week. Disney+ is priced at $6.99 per month while Netflix’s most popular plan, which also doesn’t include live television, costs $12.99 per month.


Company: cnbc, Activity: cnbc, Date: 2019-11-15  Authors: elly cosgrove
Keywords: news, cnbc, companies, plan, live, dec, price, hulu, ondemand, streaming, starting, increasing, switch, television, service


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The Fed is sharply increasing the amount of help it is providing to the financial system

The announcement came from the New York Fed, which did not elaborate on the reason for the increase. The Federal Reserve is ramping up the amount of temporary liquidity injections it is providing for overnight lending markets. Funding constraints caused the repo rate to jump to as high as 10% from around 2%, while the funds rate briefly rose 5 basis points above its target range. In addition to the repo increase, term repo operations are rising to $45 billion, from $35 billion. WATCH: What it me


The announcement came from the New York Fed, which did not elaborate on the reason for the increase.
The Federal Reserve is ramping up the amount of temporary liquidity injections it is providing for overnight lending markets.
Funding constraints caused the repo rate to jump to as high as 10% from around 2%, while the funds rate briefly rose 5 basis points above its target range.
In addition to the repo increase, term repo operations are rising to $45 billion, from $35 billion.
WATCH: What it me
The Fed is sharply increasing the amount of help it is providing to the financial system Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-23  Authors: jeff cox
Keywords: news, cnbc, companies, term, billion, help, operation, rate, repo, operations, increasing, providing, target, financial, overnight, fed, sharply, system, banks


The Fed is sharply increasing the amount of help it is providing to the financial system

The announcement came from the New York Fed, which did not elaborate on the reason for the increase. However, it comes a day after the Fed injected just shy of $100 billion into the system via an operation where it provides banks with cash in exchange for high-quality assets like government bonds.

Starting Thursday, the repo operation offerings will escalate to $120 billion from the current $75 billion as the central bank continues to calibrate the right amount of funding needed to keep the markets operating properly and to hold the overnight funds rate within its target range.

The Federal Reserve is ramping up the amount of temporary liquidity injections it is providing for overnight lending markets.

“It’s just more evidence the Fed will not back off as year-end gets closer,” said Mike Schumacher, global head of rate strategy at Wells Fargo Securities. “The Fed wants to take out more insurance. You had repo pick up last week. That might not have gone over too well.”

A mid-September cash crunch in the repo, or repurchase, market led the Fed to conduct a series of repo and term repo operations to make sure that banks have the overnight funding they need at rates within the central bank’s intended parameters.

Funding constraints caused the repo rate to jump to as high as 10% from around 2%, while the funds rate briefly rose 5 basis points above its target range.

In addition to the repo increase, term repo operations are rising to $45 billion, from $35 billion. In addition to those two operations, the Fed recently announced a permanent operation that will target $60 billion a month initially in bond purchases that will resemble the three rounds of quantitative easing employed during and after the financial crisis.

However, the Fed now is addressing the proper amount of bank reserves in the system rather than looking to juice up the economy, as was done during QE.

WATCH: What it means when the Fed conducts a ‘repo’ operation


Company: cnbc, Activity: cnbc, Date: 2019-10-23  Authors: jeff cox
Keywords: news, cnbc, companies, term, billion, help, operation, rate, repo, operations, increasing, providing, target, financial, overnight, fed, sharply, system, banks


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China is increasing foreign access to its markets amid reports US may consider curbing investment

Chinese officials said they are accelerating efforts to open financial markets and encourage foreign flows after reports the White House deliberated limiting U.S. investments in China. One of the options is blocking all U.S. financial investments in Chinese companies, CNBC reported. China state media said on Sunday possible investment curbs is U.S’ latest attempt to decouple from China, which will have “significant repercussions.” U.S. and global financial institutions have gradually increased t


Chinese officials said they are accelerating efforts to open financial markets and encourage foreign flows after reports the White House deliberated limiting U.S. investments in China. One of the options is blocking all U.S. financial investments in Chinese companies, CNBC reported. China state media said on Sunday possible investment curbs is U.S’ latest attempt to decouple from China, which will have “significant repercussions.” U.S. and global financial institutions have gradually increased t
China is increasing foreign access to its markets amid reports US may consider curbing investment Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-30  Authors: yun li
Keywords: news, cnbc, companies, financial, chinese, index, global, amid, increasing, foreign, curbing, reports, consider, investment, china, access, trump, stock, companies, markets, market


China is increasing foreign access to its markets amid reports US may consider curbing investment

Chinese officials said they are accelerating efforts to open financial markets and encourage foreign flows after reports the White House deliberated limiting U.S. investments in China.

“It is necessary to further expand the high-level two-way opening of the financial industry, encourage overseas financial institutions and funds to enter the domestic financial market, and enhance the vitality and competitiveness of China’s financial system,” the Financial Stability Development Committee of the State Council said in a statement on Sunday.

The comment came after reports on Friday said Trump administration officials are considering ways to limit U.S. investors’ portfolio flows into China, including delisting Chinese companies from American stock exchanges and preventing U.S. government pension funds from investing in the Chinese market. One of the options is blocking all U.S. financial investments in Chinese companies, CNBC reported.

U.S. Treasury assistant secretary for public affairs, Monica Crowley, said in a statement over the weekend that “the administration is not contemplating blocking Chinese companies from listing shares on U.S. stock exchanges at this time.”

White House trade advisor Peter Navarro called the reports “fake news,” saying in an interview with CNBC that “over half of it was highly inaccurate or simply flat-out false.”

Still, the latest tensions came at a crucial time as the U.S. looks for more leverage in trade talks, which restart on Oct. 10 in Washington. China state media said on Sunday possible investment curbs is U.S’ latest attempt to decouple from China, which will have “significant repercussions.”

President Donald Trump is sticking to his hard stance on China, saying in a tweet on Monday, “We are winning, and we will win.”

U.S. and global financial institutions have gradually increased their exposure to the Chinese market over the years. The flagship bond benchmark Bloomberg Barclays Global Aggregate Index started adding Chinese bonds this year. Global stock index provider MSCI has included more than $1.9 trillion worth of mainland Chinese A-shares to its key emerging markets index.


Company: cnbc, Activity: cnbc, Date: 2019-09-30  Authors: yun li
Keywords: news, cnbc, companies, financial, chinese, index, global, amid, increasing, foreign, curbing, reports, consider, investment, china, access, trump, stock, companies, markets, market


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US Treasury yields tick higher as investors await key central bank meetings

US companies are canceling investment into China at a faster… The latest Amcham survey shows that some U.S. firms in China are speeding up their move away from the mainland as increasing tariffs bite. China Economyread more


US companies are canceling investment into China at a faster… The latest Amcham survey shows that some U.S. firms in China are speeding up their move away from the mainland as increasing tariffs bite. China Economyread more
US Treasury yields tick higher as investors await key central bank meetings Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: sam meredith
Keywords: news, cnbc, companies, central, mainland, bank, latest, speeding, increasing, survey, meetings, firms, china, yields, treasury, shows, await, key, tariffs, tick, investors, investment, higher


US Treasury yields tick higher as investors await key central bank meetings

US companies are canceling investment into China at a faster…

The latest Amcham survey shows that some U.S. firms in China are speeding up their move away from the mainland as increasing tariffs bite.

China Economy

read more


Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: sam meredith
Keywords: news, cnbc, companies, central, mainland, bank, latest, speeding, increasing, survey, meetings, firms, china, yields, treasury, shows, await, key, tariffs, tick, investors, investment, higher


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Job growth falls short of expectations as August payrolls rise just 130,000

Job growth continued at a tepid pace in August, with nonfarm payrolls increasing by just 130,000 thanks in large part to the temporary hiring of Census workers, the Labor Department reported Friday. The increase fell short of Wall Street estimates for 150,000, while the unemployment rate stayed at 3.7%, as expected. An alternative measure of the jobless rate, which includes discouraged and underemployed workers, increased to 7.2% from 7% in July, due mainly to a 397,000 increase in those working


Job growth continued at a tepid pace in August, with nonfarm payrolls increasing by just 130,000 thanks in large part to the temporary hiring of Census workers, the Labor Department reported Friday. The increase fell short of Wall Street estimates for 150,000, while the unemployment rate stayed at 3.7%, as expected. An alternative measure of the jobless rate, which includes discouraged and underemployed workers, increased to 7.2% from 7% in July, due mainly to a 397,000 increase in those working
Job growth falls short of expectations as August payrolls rise just 130,000 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-06  Authors: jeff cox, fred imbert
Keywords: news, cnbc, companies, payrolls, working, workers, unemployment, underemployed, growth, job, expectations, increased, increase, increasing, short, wall, rise, 130000, falls, rate


Job growth falls short of expectations as August payrolls rise just 130,000

Job growth continued at a tepid pace in August, with nonfarm payrolls increasing by just 130,000 thanks in large part to the temporary hiring of Census workers, the Labor Department reported Friday.

The increase fell short of Wall Street estimates for 150,000, while the unemployment rate stayed at 3.7%, as expected. An alternative measure of the jobless rate, which includes discouraged and underemployed workers, increased to 7.2% from 7% in July, due mainly to a 397,000 increase in those working part-time for economic reasons.

Wage growth remained solid, with average hourly earnings increasing by 0.4% for the month and 3.2% over the year; both numbers were one-tenth of a percentage point better than expected.

Labor force participation also increased, rising to 63.2% and tying its highest level since August 2013. The total number of Americans considered employed surged by 590,000 to a record 157.9 million, according to the household survey, which is conducted separately from the headline establishment count.

The difference between the two surveys inspired some optimism.


Company: cnbc, Activity: cnbc, Date: 2019-09-06  Authors: jeff cox, fred imbert
Keywords: news, cnbc, companies, payrolls, working, workers, unemployment, underemployed, growth, job, expectations, increased, increase, increasing, short, wall, rise, 130000, falls, rate


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How Amazon is fighting back against workers’ increasing efforts to unionize

Three big unions are among those talking to Amazon workers — the Teamsters, the United Food & Commercial Workers Union and the Retail, Wholesale and Department Store Union. Recent worker protests point to organizing efforts. On Prime Day in July, a handful of Amazon workers at a fulfillment center in Shakopee, Minnesota, went on strike. Amazon workers at Prime Day strike in Shakopee, Minnesota, on July 15, 2019. “The people who participated in today’s event are mainly outside organizers who are


Three big unions are among those talking to Amazon workers — the Teamsters, the United Food & Commercial Workers Union and the Retail, Wholesale and Department Store Union. Recent worker protests point to organizing efforts. On Prime Day in July, a handful of Amazon workers at a fulfillment center in Shakopee, Minnesota, went on strike. Amazon workers at Prime Day strike in Shakopee, Minnesota, on July 15, 2019. “The people who participated in today’s event are mainly outside organizers who are
How Amazon is fighting back against workers’ increasing efforts to unionize Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: katie schoolov
Keywords: news, cnbc, companies, workplace, center, unionize, 15, increasing, efforts, workers, fighting, amazon, employees, protests, strike, union, worker


How Amazon is fighting back against workers' increasing efforts to unionize

Throughout Amazon’s 25-year history, there have been multiple rumblings of workers trying to unionize, but to no success. With record-breaking sales numbers and newly doubled shipping speeds, however, momentum to organize has picked up among some of Amazon’s more than 650,000 worldwide employees. Three big unions are among those talking to Amazon workers — the Teamsters, the United Food & Commercial Workers Union and the Retail, Wholesale and Department Store Union. Recent worker protests point to organizing efforts. On Prime Day in July, a handful of Amazon workers at a fulfillment center in Shakopee, Minnesota, went on strike. It was the first strike by U.S. workers during the company’s annual sales events that started five years ago, and one of several protests in the U.S. in the past year.

Amazon workers at Prime Day strike in Shakopee, Minnesota, on July 15, 2019. Katie Schoolov

The protests were organized by the Awood Center, an East African worker advocate group that’s backed in part by the Teamsters and the Service Employees International Union, along with local labor groups like the Minneapolis Regional Labor Federation. “The people who participated in today’s event are mainly outside organizers who are uninformed about what it’s really like to work inside an Amazon fulfillment center,” Amazon spokesperson Rachael Lighty said at the time. “With only 15 employees who participated from this site, that tells me that our employees truly do believe that they are working in a safe and innovative workplace.” Last year, Amazon led the industry by raising its minimum wage to $15 an hour, and it’s known for generous benefits. Its Career Choice program pays up to 95% of tuition for associates studying high-demand fields. And last month, Amazon pledged $700 million to retrain a third of its U.S. workforce by 2025 to move to more advanced jobs. “We’re already offering what unions are asking, which is industry leading pay, great benefits and a safe and innovative workplace,” Lighty said.

A training video for managers

Leaked Amazon training video sent to Whole Foods managers in 2018


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: katie schoolov
Keywords: news, cnbc, companies, workplace, center, unionize, 15, increasing, efforts, workers, fighting, amazon, employees, protests, strike, union, worker


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Elizabeth Warren says the ‘warning lights are flashing’ for the next economic crash

Elizabeth Warren speaks at her campaign for the Democratic nomination for the 2020 United States presidential election during a Community Conversation at Prairie Winds Event Center in Orange City. Democratic presidential contender Sen. Elizabeth Warren warned on Monday that the next financial crisis is on its way. Whether it’s this year or next year, the odds of another economic downturn are high — and growing,” Warren wrote in a post on the blogging platform Medium. Citing a top economist, Warr


Elizabeth Warren speaks at her campaign for the Democratic nomination for the 2020 United States presidential election during a Community Conversation at Prairie Winds Event Center in Orange City. Democratic presidential contender Sen. Elizabeth Warren warned on Monday that the next financial crisis is on its way. Whether it’s this year or next year, the odds of another economic downturn are high — and growing,” Warren wrote in a post on the blogging platform Medium. Citing a top economist, Warr
Elizabeth Warren says the ‘warning lights are flashing’ for the next economic crash Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: tucker higgins
Keywords: news, cnbc, companies, warren, presidential, crash, flashing, trump, shock, odds, economic, sector, manufacturing, warning, increasing, lights, elizabeth, wrote


Elizabeth Warren says the 'warning lights are flashing' for the next economic crash

Elizabeth Warren speaks at her campaign for the Democratic nomination for the 2020 United States presidential election during a Community Conversation at Prairie Winds Event Center in Orange City.

Democratic presidential contender Sen. Elizabeth Warren warned on Monday that the next financial crisis is on its way.

“Warning lights are flashing. Whether it’s this year or next year, the odds of another economic downturn are high — and growing,” Warren wrote in a post on the blogging platform Medium.

The Massachusetts Democrat said that increasing household and corporate debt has left the economy on precarious footing. Citing a top economist, Warren wrote that a failure to raise the debt ceiling in September could be “more catastrophic” than the 2008 collapse of Lehman Brothers.

She also noted weakness in the manufacturing sector, putting the blame for its recent slowdown on President Donald Trump, who has tangled with China over trade. Despite Trump’s pledge to bring back manufacturing jobs, the sector is now in recession, she wrote, and wages for the industry lag the national average.

“The country’s economic foundation is fragile. A single shock could bring it all down. And the Trump Administration’s reckless behavior is increasing the odds of just such a shock,” Warren wrote.


Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: tucker higgins
Keywords: news, cnbc, companies, warren, presidential, crash, flashing, trump, shock, odds, economic, sector, manufacturing, warning, increasing, lights, elizabeth, wrote


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Trump issues executive order increasing transparency in hospital prices, doctor fees

President Donald Trump speaks to the media prior to departing on Marine One from the South Lawn of the White House in Washington, DC. President Donald Trump on Monday issued an executive order designed to pressure insurers, doctors and other health-care providers to disclose more information about their prices. “We are fundamentally changing the nature of the health care marketplace,” Trump said before signing the order. Trump said the lack of price transparency has benefited industry giants “gr


President Donald Trump speaks to the media prior to departing on Marine One from the South Lawn of the White House in Washington, DC. President Donald Trump on Monday issued an executive order designed to pressure insurers, doctors and other health-care providers to disclose more information about their prices. “We are fundamentally changing the nature of the health care marketplace,” Trump said before signing the order. Trump said the lack of price transparency has benefited industry giants “gr
Trump issues executive order increasing transparency in hospital prices, doctor fees Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-24  Authors: berkeley lovelace jr ashley turner, berkeley lovelace jr, ashley turner
Keywords: news, cnbc, companies, doctor, hospital, care, fees, patients, order, president, transparency, trump, increasing, health, promise, issues, insurers, prices, executive, services


Trump issues executive order increasing transparency in hospital prices, doctor fees

President Donald Trump speaks to the media prior to departing on Marine One from the South Lawn of the White House in Washington, DC.

President Donald Trump on Monday issued an executive order designed to pressure insurers, doctors and other health-care providers to disclose more information about their prices.

The executive order will direct the Department of Health and Human Services to require hospitals and insurers to disclose negotiated rates for services, as well as provide patients with out-of-pocket costs before their procedures.

“We are fundamentally changing the nature of the health care marketplace,” Trump said before signing the order.

Trump said the lack of price transparency has benefited industry giants “greatly” and has cost Americans millions of dollars in health care costs.

Price transparency can “empower” patient choice, Health and Human Services Secretary Alex Azar said in a call Monday with reporters.

“The president has a clear vision for American health care,” Azar said. “That’s the promise he’s made to American patients, and today represents a historic step for delivering on that promise.”


Company: cnbc, Activity: cnbc, Date: 2019-06-24  Authors: berkeley lovelace jr ashley turner, berkeley lovelace jr, ashley turner
Keywords: news, cnbc, companies, doctor, hospital, care, fees, patients, order, president, transparency, trump, increasing, health, promise, issues, insurers, prices, executive, services


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Wall Street is ‘looking for opportunities’ in Saudi Arabia, the country’s finance minister says

The finance minister of Saudi Arabia told CNBC that a recent fall off in foreign investment to his country will end as Wall Street money was now “looking for opportunities.” Speaking to CNBC’s Hadley Gamble on Thursday, Mohammed Al-Jadaan, said the financial conference held in Riyadh this week which was attended by high-profile figures from HSBC, J.P. Morgan and BlackRock, showed that foreign investment was ready to make a return. “Money is looking for opportunities. Infrastructure is being buil


The finance minister of Saudi Arabia told CNBC that a recent fall off in foreign investment to his country will end as Wall Street money was now “looking for opportunities.” Speaking to CNBC’s Hadley Gamble on Thursday, Mohammed Al-Jadaan, said the financial conference held in Riyadh this week which was attended by high-profile figures from HSBC, J.P. Morgan and BlackRock, showed that foreign investment was ready to make a return. “Money is looking for opportunities. Infrastructure is being buil
Wall Street is ‘looking for opportunities’ in Saudi Arabia, the country’s finance minister says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: natasha turak, david reid
Keywords: news, cnbc, companies, street, looking, week, talking, money, wall, countrys, saudi, finance, minister, investment, built, told, increasing, arabia, opportunities, foreign


Wall Street is 'looking for opportunities' in Saudi Arabia, the country's finance minister says

The finance minister of Saudi Arabia told CNBC that a recent fall off in foreign investment to his country will end as Wall Street money was now “looking for opportunities.”

Speaking to CNBC’s Hadley Gamble on Thursday, Mohammed Al-Jadaan, said the financial conference held in Riyadh this week which was attended by high-profile figures from HSBC, J.P. Morgan and BlackRock, showed that foreign investment was ready to make a return.

“Money is looking for opportunities. We have mega projects being built around the kingdom. Infrastructure is being built, health care demand is increasing, and hospitality is significantly increasing,” he said.

“We have heard from top international investors and they are committing billions. We are not talking about a little money in the years to come.”


Company: cnbc, Activity: cnbc, Date: 2019-04-25  Authors: natasha turak, david reid
Keywords: news, cnbc, companies, street, looking, week, talking, money, wall, countrys, saudi, finance, minister, investment, built, told, increasing, arabia, opportunities, foreign


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