This is what $420,000 Lamborghini looks like covered with 2 million Swarovski crystals

First bitcoin enthusiasts were into buying Lamborghinis with the crypto, and now a Russian Instagram star has covered her Lambo in Swarovski crystals. Blogger and Instagram model Daria Radionova (also CEO of DR Jackets, according to her Instagram bio) says she bedazzled her Lamborghini Aventador SV in 2 million Swarovski crystals, revealing the car in London on April 6. The supercar costs around $421,000 without the custom bling. “Two million crystals were applied by hand, and it took over 700 h


First bitcoin enthusiasts were into buying Lamborghinis with the crypto, and now a Russian Instagram star has covered her Lambo in Swarovski crystals. Blogger and Instagram model Daria Radionova (also CEO of DR Jackets, according to her Instagram bio) says she bedazzled her Lamborghini Aventador SV in 2 million Swarovski crystals, revealing the car in London on April 6. The supercar costs around $421,000 without the custom bling. “Two million crystals were applied by hand, and it took over 700 h
This is what $420,000 Lamborghini looks like covered with 2 million Swarovski crystals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: jimmy im, steve russell, getty images, melmedia
Keywords: news, cnbc, companies, car, covered, million, looks, sv, wrote, instagram, took, swarovski, radionova, lamborghini, crystals, used, 420000


This is what $420,000 Lamborghini looks like covered with 2 million Swarovski crystals

First bitcoin enthusiasts were into buying Lamborghinis with the crypto, and now a Russian Instagram star has covered her Lambo in Swarovski crystals.

Blogger and Instagram model Daria Radionova (also CEO of DR Jackets, according to her Instagram bio) says she bedazzled her Lamborghini Aventador SV in 2 million Swarovski crystals, revealing the car in London on April 6. The supercar costs around $421,000 without the custom bling.

“Two million crystals were applied by hand, and it took over 700 hours to make” the car, Radionova wrote in an Instagram post. The majority of the crystals are black, with red crystals used to spell out “SV” on the car’s sides.


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: jimmy im, steve russell, getty images, melmedia
Keywords: news, cnbc, companies, car, covered, million, looks, sv, wrote, instagram, took, swarovski, radionova, lamborghini, crystals, used, 420000


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Amazon is trying to soften its image as regulatory scrutiny of Big Tech grows

But rather than fiercely fighting every battle, Amazon looks like its ready to play nice. In March, Amazon dropped a policy that prevented merchants from offering lower prices on other websites following an investigation request by Sen. Richard Blumenthal (D-Conn.). Last month, the company scaled back some of its most aggressive promotion tactics after Sen. Elizabeth Warren (D-Mass.) And late last year Amazon raised its minimum wage to $15 following criticism of the company’s working conditions


But rather than fiercely fighting every battle, Amazon looks like its ready to play nice. In March, Amazon dropped a policy that prevented merchants from offering lower prices on other websites following an investigation request by Sen. Richard Blumenthal (D-Conn.). Last month, the company scaled back some of its most aggressive promotion tactics after Sen. Elizabeth Warren (D-Mass.) And late last year Amazon raised its minimum wage to $15 following criticism of the company’s working conditions
Amazon is trying to soften its image as regulatory scrutiny of Big Tech grows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: eugene kim, brent lewis, denver post, getty images, david ryder
Keywords: news, cnbc, companies, big, growing, tech, soften, sen, stores, scrutiny, amazon, trying, business, winatallcost, regulatory, image, following, working, looks, grows, company


Amazon is trying to soften its image as regulatory scrutiny of Big Tech grows

Amazon’s relentless pursuit of growth in retail, cloud computing, advertising and consumer devices has put the company squarely in the sights of Washington lawmakers who are concerned about Big Tech’s growing influence over consumers. But rather than fiercely fighting every battle, Amazon looks like its ready to play nice.

In March, Amazon dropped a policy that prevented merchants from offering lower prices on other websites following an investigation request by Sen. Richard Blumenthal (D-Conn.). Last month, the company scaled back some of its most aggressive promotion tactics after Sen. Elizabeth Warren (D-Mass.) called out abusive business practices. And late last year Amazon raised its minimum wage to $15 following criticism of the company’s working conditions by Sen. Bernie Sanders (D-VT).

Amazon also confirmed to CNBC that it would soon start accepting cash at the Amazon Go cashierless stores as a growing number of cities and states push for laws that require all stores to serve the unbanked. It’s all part of a strategy to be more likable at a time when tech companies are drawing heat for behavior that looks increasingly anti-competitive.

“I believe Amazon has made the connection between likability and immunity from regulation,” said NYU business professor Scott Galloway, author of “The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google.”

This is a different company from the vigorously defensive, win-at-all-cost Amazon we’re used to seeing.


Company: cnbc, Activity: cnbc, Date: 2019-04-14  Authors: eugene kim, brent lewis, denver post, getty images, david ryder
Keywords: news, cnbc, companies, big, growing, tech, soften, sen, stores, scrutiny, amazon, trying, business, winatallcost, regulatory, image, following, working, looks, grows, company


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Buffett on the economy: ‘It looks like things have slowed down’

Billionaire Warren Buffett said Thursday that economic growth has lost some steam recently. “It does look like the pace of increase in the economy has slowed down,” the chairman and CEO of Berkshire Hathaway told CNBC’s Becky Quick at The Gatehouse’s Hands Up for Success luncheon in Grapevine, Texas. Buffett noted that a slowdown in BNSF, the railroad company owned by Berkshire, is flashing a signal of slower growth, but added that some of the data may be distorted by seasonal factors, such as t


Billionaire Warren Buffett said Thursday that economic growth has lost some steam recently. “It does look like the pace of increase in the economy has slowed down,” the chairman and CEO of Berkshire Hathaway told CNBC’s Becky Quick at The Gatehouse’s Hands Up for Success luncheon in Grapevine, Texas. Buffett noted that a slowdown in BNSF, the railroad company owned by Berkshire, is flashing a signal of slower growth, but added that some of the data may be distorted by seasonal factors, such as t
Buffett on the economy: ‘It looks like things have slowed down’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-28  Authors: fred imbert, david a grogan
Keywords: news, cnbc, companies, signal, looks, buffett, pace, railroad, yield, look, things, economy, does, growth, slower, red, slowed


Buffett on the economy: 'It looks like things have slowed down'

Billionaire Warren Buffett said Thursday that economic growth has lost some steam recently.

“It does look like the pace of increase in the economy has slowed down,” the chairman and CEO of Berkshire Hathaway told CNBC’s Becky Quick at The Gatehouse’s Hands Up for Success luncheon in Grapevine, Texas. “I’d call it somewhere close to noticeably, but I wouldn’t go beyond that.”

Buffett noted that a slowdown in BNSF, the railroad company owned by Berkshire, is flashing a signal of slower growth, but added that some of the data may be distorted by seasonal factors, such as the weather.

His comments came amid increasing concern that U.S. economic growth could be stalling. This has added to volatility in the stock market and has pushed Treasury yields lower.

The benchmark 10-year yield hit its lowest level since Dec. 5, 2017, overnight. Recently, the spread between the 10-year yield and its 3-month counterpart turned negative, causing a so-called yield-curve inversion. Inversions are seen by investors as a signal that a recession may be coming.

Still, Buffett said he is not concerned.

“But it does look like it’s slowing down. I don’t mean it’s reversing course, but it does seem from all of the businesses, especially the railroad statistics” that the economy may be growing at a slower pace, Buffett said. “That doesn’t change anything we do. If there was a flashing red light, if there was a blaring red light, we would keep investing the same way we do.”

He also repeated his mantra of the United States being the best place to invest money. “You really want to bet on America,” Buffett said. “God has blessed America.”

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2019-03-28  Authors: fred imbert, david a grogan
Keywords: news, cnbc, companies, signal, looks, buffett, pace, railroad, yield, look, things, economy, does, growth, slower, red, slowed


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

E-retailer Lazada looks to boost financial services as it takes a page from the books of Alibaba

Trade financing takes place between exporters, who seek payments for their goods, and importers, who have to pay for the products they order. It’s an expensive process, particularly for smaller businesses — but it could be a multi-billion dollar opportunity for Lazada. The company’s push into more financial services mirrors its parent Alibaba — which is well known for its mobile payments system Alipay, run by affiliate firm Ant Financial. By offering more financial services to businesses, Lazada


Trade financing takes place between exporters, who seek payments for their goods, and importers, who have to pay for the products they order. It’s an expensive process, particularly for smaller businesses — but it could be a multi-billion dollar opportunity for Lazada. The company’s push into more financial services mirrors its parent Alibaba — which is well known for its mobile payments system Alipay, run by affiliate firm Ant Financial. By offering more financial services to businesses, Lazada
E-retailer Lazada looks to boost financial services as it takes a page from the books of Alibaba Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: arjun kharpal, -pierre poignant, ceo of lazada
Keywords: news, cnbc, companies, looks, services, lazada, data, boost, financial, alipay, books, payments, eretailer, economy, page, alibaba, products, takes, businesses, financing


E-retailer Lazada looks to boost financial services as it takes a page from the books of Alibaba

Trade financing takes place between exporters, who seek payments for their goods, and importers, who have to pay for the products they order. In conventional trading, a bank provides a letter of credit to the exporter on behalf of the importer, and the money is paid upon delivery of the goods.

It’s an expensive process, particularly for smaller businesses — but it could be a multi-billion dollar opportunity for Lazada.

The company’s push into more financial services mirrors its parent Alibaba — which is well known for its mobile payments system Alipay, run by affiliate firm Ant Financial. In China, Alipay is one of two major payments platforms. But it also offers other products to consumers including micro-loans.

By offering more financial services to businesses, Lazada can keep those merchants in their ecosystem through the data it’s collected.

“I think, as part of the Alibaba economy, the vision of the group is to have an economy of 2 billion people and millions” of small and medium-sized companies, Poignant said.

“We have the data to understand both origin and local, so we can basically have a very accurate prediction of the demand and the supply chain, and therefore, we are able to provide super products when it comes to financing,” he added.


Company: cnbc, Activity: cnbc, Date: 2019-03-27  Authors: arjun kharpal, -pierre poignant, ceo of lazada
Keywords: news, cnbc, companies, looks, services, lazada, data, boost, financial, alipay, books, payments, eretailer, economy, page, alibaba, products, takes, businesses, financing


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

With rumors of a Brexit coup, Theresa May’s leadership looks ‘extremely fragile’

As if the ultimate direction of Brexit was not enough for Brits to contend with, now speculation is mounting that British Prime Minister Theresa May could resign — throwing the whole process into further doubt. The widely-read tabloid newspaper The Sun, which has previously supported May, used its front page on Monday to urge the prime minister to quit, with the headline “Time’s Up, Theresa.” Sun Tweet:Several senior ministers said Monday they do not want May to resign, casting doubts over the r


As if the ultimate direction of Brexit was not enough for Brits to contend with, now speculation is mounting that British Prime Minister Theresa May could resign — throwing the whole process into further doubt. The widely-read tabloid newspaper The Sun, which has previously supported May, used its front page on Monday to urge the prime minister to quit, with the headline “Time’s Up, Theresa.” Sun Tweet:Several senior ministers said Monday they do not want May to resign, casting doubts over the r
With rumors of a Brexit coup, Theresa May’s leadership looks ‘extremely fragile’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: holly ellyatt, jack taylor, getty images news, getty images
Keywords: news, cnbc, companies, brexit, theresa, mays, fragile, reports, withdrawal, resign, extremely, agreement, rumors, looks, coup, leadership, vote, prime, speculation, support, minister


With rumors of a Brexit coup, Theresa May's leadership looks 'extremely fragile'

As if the ultimate direction of Brexit was not enough for Brits to contend with, now speculation is mounting that British Prime Minister Theresa May could resign — throwing the whole process into further doubt.

May met her closest ministers Monday morning and is expected to update the House of Commons on her Brexit strategy in the afternoon, amid continuing turbulence and confusion over the U.K.’s departure from the EU.

There have been reports in various U.K. media outlets that May is facing another mutiny within her own party.

On Sunday, May met with influential Brexiteers in her Conservative Party and, according to some reports, gave her word that she would give a date for her resignation in return for their support in a third possible vote on her Brexit deal, formally known as the “Withdrawal Agreement.” Whether a third vote will even take place this week remains up in the air as it’s doubtful that there’s enough support to pass the deal.

Downing Street refused to comment on speculation over May’s political future although pressure is rising on her both inside euroskeptic circles and outside. The widely-read tabloid newspaper The Sun, which has previously supported May, used its front page on Monday to urge the prime minister to quit, with the headline “Time’s Up, Theresa.”

The paper said while she had “shown courage” in office, she was facing “fresh pressure” and that “the PM is being urged to vow she’ll resign in a last-ditch bid to convince Brexiteers they should back her deal in the Commons this week.”

Sun Tweet:

Several senior ministers said Monday they do not want May to resign, casting doubts over the rumored coup. Nonetheless, her position remains “fragile,” according to Constantine Fraser, a European political research analyst at TS Lombard.

“Despite her Cabinet seemingly abandoning an attempt at a coup over the weekend, May’s position is still extremely fragile,” he said in comments emailed to CNBC.

“For now, what she has in her favor is that time is short, there is little agreement in the (Conservative) party as to who should replace her, and it not obvious what difference a change of prime minister would make to the country’s immediate predicament. For her rivals, she also makes a convenient scapegoat for the failings of the Withdrawal Agreement.”


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: holly ellyatt, jack taylor, getty images news, getty images
Keywords: news, cnbc, companies, brexit, theresa, mays, fragile, reports, withdrawal, resign, extremely, agreement, rumors, looks, coup, leadership, vote, prime, speculation, support, minister


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Boeing invites pilots, regulators to briefing as it looks to return 737 MAX to service

Boeing said it invited more than 200 global airline pilots, technical leaders and regulators for an information session on Wednesday as it looks to return the 737 MAX to commercial service. The meeting is a sign that Boeing’s planned software patch is nearing completion, though it will still need regulatory approval. The 737 MAX is Boeing’s best-selling plane, with orders worth more than $500 billion at list prices. Teams from the three U.S. airlines that own 737 MAX jets participated in a sessi


Boeing said it invited more than 200 global airline pilots, technical leaders and regulators for an information session on Wednesday as it looks to return the 737 MAX to commercial service. The meeting is a sign that Boeing’s planned software patch is nearing completion, though it will still need regulatory approval. The 737 MAX is Boeing’s best-selling plane, with orders worth more than $500 billion at list prices. Teams from the three U.S. airlines that own 737 MAX jets participated in a sessi
Boeing invites pilots, regulators to briefing as it looks to return 737 MAX to service Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: mike kane, bloomberg, getty images
Keywords: news, cnbc, companies, briefing, invites, boeing, crash, send, ethiopian, service, return, 737, software, looks, max, airlines, planned, regulators, pilots


Boeing invites pilots, regulators to briefing as it looks to return 737 MAX to service

Boeing said it invited more than 200 global airline pilots, technical leaders and regulators for an information session on Wednesday as it looks to return the 737 MAX to commercial service.

The meeting is a sign that Boeing’s planned software patch is nearing completion, though it will still need regulatory approval.

Over the weekend, Ethiopian Airlines executives had questioned whether Boeing had told pilots enough about “aggressive” software that pushes the plane’s nose down, a focus of investigation into a deadly crash in Ethiopia this month that led to the global grounding of 737 MAX jets.

The informational session in Renton, Washington on Wednesday is part of a plan to reach all current and many future 737 MAX operators and their home regulators to discuss software and training updates to the jet, Boeing said in a statement.

Garuda Indonesia, which on Friday said it planned to cancel its order for 49 737 MAX jets citing a loss of passenger trust after the crashes, was invited to the briefing, CEO Ari Askhara told Reuters on Monday.

“We were informed on Friday, but because it is short notice we can’t send a pilot there,” he said, adding the airline had requested a webinar with Boeing but that idea had been rejected.

A Boeing spokeswoman said the Wednesday event was one of a series of in-person information sessions.

“We have been scheduling and will continue to arrange additional meetings to communicate with all current and many future MAX customers and operators,” she said.

Garuda has only one 737 MAX and had been reconsidering its order before the Ethiopian crash, as has fellow Indonesian carrier Lion Air, which experienced a deadly crash in October.

Lion Air Managing Director Daniel Putut said Boeing had informed the airline of the Wednesday meeting but it might not attend. He declined to provide further comment.

Singapore Airlines said on Monday its offshoot SilkAir, which operates the 737 MAX, had received the invitation to the Wednesday event and would send representatives.

Civil Aviation Authority of Singapore representatives will also attend, a spokeswoman for the regulator said.

Korean Air Lines Co Ltd, which before the grounding had been due to receive its first 737 MAX in April, said it planned to send pilots to Renton. South Korean low-cost carrier Eastar Jet will send two pilots, a spokesman said.

Ethiopian Airlines did not respond immedidately to a request for comment about the meeting.

The 737 MAX is Boeing’s best-selling plane, with orders worth more than $500 billion at list prices.

Teams from the three U.S. airlines that own 737 MAX jets participated in a session in Renton reviewing a planned software upgrade on Saturday.

A U.S. official briefed on the matter Saturday said the Federal Aviation Administration (FAA) has not yet signed off on the software upgrade and training but the goal is to review them in coming weeks and approve them by April.

It remained unclear whether the software upgrade, called “design changes” by the FAA, will resolve concerns stemming from the ongoing investigation into the March 10 Ethiopian Airlines crash, which killed all 157 on board.

“After the crash it came to our attention that the system is aggressive,” Yohannes Hailemariam, vice president for flight operations at Ethiopian, told local reporters speaking in the Amharic language.

“It gives a message of stalling and it takes immediate action which is faster than the action which pilots were briefed to take by Boeing,” said Yohannes, himself a pilot with over 30 years of experience, including flying Boeing’s 777 and 787.

The U.S. official said planned changes included 15 minutes of training to help pilots deactivate the anti-stall system known as MCAS in the event of faulty sensor data or other issues. It also included some self-guided instruction, the official added.

American Airlines said Sunday it will extend flight cancellations through April 24 because of the grounding of the 737 MAX and cut some additional flights.


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: mike kane, bloomberg, getty images
Keywords: news, cnbc, companies, briefing, invites, boeing, crash, send, ethiopian, service, return, 737, software, looks, max, airlines, planned, regulators, pilots


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Britain’s Theresa May set to ask for short-term Brexit extension

Britain’s Theresa May set to ask for short-term Brexit extension6 Hours AgoCNBC’s Silvia Amaro reports from Brussels as the U.K. looks to delay its departure from the EU.


Britain’s Theresa May set to ask for short-term Brexit extension6 Hours AgoCNBC’s Silvia Amaro reports from Brussels as the U.K. looks to delay its departure from the EU.
Britain’s Theresa May set to ask for short-term Brexit extension Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20
Keywords: news, cnbc, companies, set, silvia, extension, looks, britains, uk, reports, brexit, shortterm, eu, theresa, ask, hours, extension6


Britain's Theresa May set to ask for short-term Brexit extension

Britain’s Theresa May set to ask for short-term Brexit extension

6 Hours Ago

CNBC’s Silvia Amaro reports from Brussels as the U.K. looks to delay its departure from the EU.


Company: cnbc, Activity: cnbc, Date: 2019-03-20
Keywords: news, cnbc, companies, set, silvia, extension, looks, britains, uk, reports, brexit, shortterm, eu, theresa, ask, hours, extension6


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Wall Street looks to leave behind the half-year bear scare

Investors have lived for half a year in the shadow of the bear, and now find the the indexes on the cusp of breaking back into the light. Wednesday will mark six months since the S&P 500 reached its last record high at 2,930. The 20 percent drop from there to Dec. 24 was among the swiftest in Wall Street history. Last week’s resilient showing nosed the S&P 500 up to a zone that has capped four rallies since October and three between February and June 2018. Certain strict market-cycle observers s


Investors have lived for half a year in the shadow of the bear, and now find the the indexes on the cusp of breaking back into the light. Wednesday will mark six months since the S&P 500 reached its last record high at 2,930. The 20 percent drop from there to Dec. 24 was among the swiftest in Wall Street history. Last week’s resilient showing nosed the S&P 500 up to a zone that has capped four rallies since October and three between February and June 2018. Certain strict market-cycle observers s
Wall Street looks to leave behind the half-year bear scare Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: michael santoli
Keywords: news, cnbc, companies, months, sp, halfyear, zone, street, investors, high, wall, bear, weeks, 500, looks, market, leave, rallies, scare


Wall Street looks to leave behind the half-year bear scare

Investors have lived for half a year in the shadow of the bear, and now find the the indexes on the cusp of breaking back into the light.

The market has burned up a brimming reservoir of pessimism and done just enough to encourage the bulls, without fully disproving the skeptics case that last year’s highs will go unchallenged.

Wednesday will mark six months since the S&P 500 reached its last record high at 2,930. The 20 percent drop from there to Dec. 24 was among the swiftest in Wall Street history. Its recovery of four-fifths of that loss in less than three months has been at least as extraordinary by historical standards.

Last week’s resilient showing nosed the S&P 500 up to a zone that has capped four rallies since October and three between February and June 2018.

Certain strict market-cycle observers still consider the underlying bull-bear status of the market in play, viewing last September’s high as a plausible peak and everything since as the opening movements of a bear market. That’s perhaps a semantics exercise unhelpful to most investors, given the market is up a bit over the past year and less than 4 percent below that 6-month-old record.

Doug Ramsey, chief investment officer at Leuthold Group, was positioned for a bear phase well before the fourth-quarter slide and remains skeptical, but still grants that the rebound has moved beyond a mere reflex rally: “Based on standard technical retracements and on our mortality tables for bear market rallies, the best-case S&P 500 bounce ‘should’ have exhausted itself in the 2,700-2,750 range.” It didn’t.


Company: cnbc, Activity: cnbc, Date: 2019-03-18  Authors: michael santoli
Keywords: news, cnbc, companies, months, sp, halfyear, zone, street, investors, high, wall, bear, weeks, 500, looks, market, leave, rallies, scare


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Trump got a strong economy in 2018, but first quarter of this year looks weak

The pickup was a surprise after weak durable goods spending data in the quarter. While business expenditures look better, economists say the sharp drop in retail sales in December signals a weaker consumer at the start of the year. The Bureau of Economic Analysis said 2018 growth was 2.9 percent, a calculation derived by averaging growth in each quarter, but Wall Street economists who measure growth on a fourth-quarter-over-fourth-quarter basis say growth was 3.1 percent for 2018, up from 2.5 pe


The pickup was a surprise after weak durable goods spending data in the quarter. While business expenditures look better, economists say the sharp drop in retail sales in December signals a weaker consumer at the start of the year. The Bureau of Economic Analysis said 2018 growth was 2.9 percent, a calculation derived by averaging growth in each quarter, but Wall Street economists who measure growth on a fourth-quarter-over-fourth-quarter basis say growth was 3.1 percent for 2018, up from 2.5 pe
Trump got a strong economy in 2018, but first quarter of this year looks weak Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: patti domm, mandel ngan, afp, getty images
Keywords: news, cnbc, companies, economy, trump, 2018, shutdown, business, weak, looks, spending, growth, say, jump, quarter, pickup, economists, strong


Trump got a strong economy in 2018, but first quarter of this year looks weak

A surprise jump in business spending boosted fourth-quarter growth to 2.6 percent, but economists say the first quarter could expand at half that pace due to the government shutdown and a sluggish consumer.

Fourth-quarter GDP topped the 2.3 percent expected by economists, due in part to a 6.7 percent increase in equipment spending and a 13.1 percent jump in intellectual property, which includes software. The pickup was a surprise after weak durable goods spending data in the quarter.

While business expenditures look better, economists say the sharp drop in retail sales in December signals a weaker consumer at the start of the year. That will make for a tougher comparison, and even before the fourth-quarter report, economists were looking for first-quarter growth below 2 percent with a pickup in the second half.

Consumers at the end of 2018 were facing the stock market’s sharp holiday season decline, the prospect of a government shutdown and rising interest rates. The government remained shutdown for most of January, but consumers are now showing signs of a rebound with an unexpected jump in consumer confidence in February.

“The White House, and fairly so, can claim bragging rights for 2018. The real question is the first quarter. You’re well under 2 percent. Are you under 1 percent? We don’t know yet,” said Joseph LaVorgna, Natixis chief economist for the Americas.

The Bureau of Economic Analysis said 2018 growth was 2.9 percent, a calculation derived by averaging growth in each quarter, but Wall Street economists who measure growth on a fourth-quarter-over-fourth-quarter basis say growth was 3.1 percent for 2018, up from 2.5 percent for 2017.

By either measure, the growth rate was close to the 3 percent the Trump administration promised would be generated by its economic policies. But the first half of 2018 already looks to be well below that pace, even if the second quarter picks back up, as economists expect. The final GDP number for fourth quarter will be released on March 28, and it could be revised in either direction.

The pickup in business spending, therefore, is critical. If it continues, it could dispel some doubts that corporations are not using tax proceeds for investment but for things like stock buybacks and dividends. It also suggests there may have been less delayed spending because of uncertainty surrounding trade.


Company: cnbc, Activity: cnbc, Date: 2019-02-28  Authors: patti domm, mandel ngan, afp, getty images
Keywords: news, cnbc, companies, economy, trump, 2018, shutdown, business, weak, looks, spending, growth, say, jump, quarter, pickup, economists, strong


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

MWC: Microsoft’s Satya Nadella on leadership qualities

Having spent over two decades at Microsoft, which led to him heading up the software giant in 2014, CEO Satya Nadella has had a lot of time to discover what it means to be a good leader. Speaking at Mobile World Congress (MWC) in Barcelona this week, Nadella explained how he has refined his thoughts on good leadership down to three main areas. And for the CEO, he not only looks for this level of leadership in those he works with, but in himself too — something he admits is not always easy to mai


Having spent over two decades at Microsoft, which led to him heading up the software giant in 2014, CEO Satya Nadella has had a lot of time to discover what it means to be a good leader. Speaking at Mobile World Congress (MWC) in Barcelona this week, Nadella explained how he has refined his thoughts on good leadership down to three main areas. And for the CEO, he not only looks for this level of leadership in those he works with, but in himself too — something he admits is not always easy to mai
MWC: Microsoft’s Satya Nadella on leadership qualities Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-26  Authors: alexandra gibbs, getty images, lluis gene, afp, source
Keywords: news, cnbc, companies, works, traits, week, microsofts, mwc, good, ceo, world, thoughts, leadership, qualities, nadella, looks, satya


MWC: Microsoft's Satya Nadella on leadership qualities

Having spent over two decades at Microsoft, which led to him heading up the software giant in 2014, CEO Satya Nadella has had a lot of time to discover what it means to be a good leader.

Speaking at Mobile World Congress (MWC) in Barcelona this week, Nadella explained how he has refined his thoughts on good leadership down to three main areas.

And for the CEO, he not only looks for this level of leadership in those he works with, but in himself too — something he admits is not always easy to maintain every day.

Here are the three traits that Nadella looks for in a leader:


Company: cnbc, Activity: cnbc, Date: 2019-02-26  Authors: alexandra gibbs, getty images, lluis gene, afp, source
Keywords: news, cnbc, companies, works, traits, week, microsofts, mwc, good, ceo, world, thoughts, leadership, qualities, nadella, looks, satya


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post