In a case that is being closely watched by the financial sector, the civil fraud trial against former President Donald Trump regarding allegations of exaggerated property valuations could commence as early as Monday. An appeal by Trump to postpone the trial was dismissed by a New York appeals court...
It’s a story that has become too common: An investor, often retired, transfers a big chunk of their 401(k) or IRA to buy gold and in doing so ends up losing a lot of money. A new lawsuit from California and the Commodity Futures Trading Commission comes with a grim...
The PGA Tour logo is seen during the third round of the Travelers Championship at TPC River Highlands in Cromwell, Connecticut, on June 24, 2017.Fred Kfoury | Icon Sportswire | Getty ImagesThe PGA Tour is attracting potential outside investors — some of which are considering making a rival pitch...
A rendering of the "Orbital Reef" space station in orbit.Blue OriginThe Orbital Reef space station partnership between Jeff Bezos' Blue Origin and Sierra Space is on rocky footing, CNBC has learned.The companies announced Orbital Reef as a co-led project in 2021, but updates about the project dried up in...
RBC Wealth Management has added a Kansas-based team that managed $1 billion in client assets at UBS, the firm announced Thursday. The Total Wealth Management team is based in Leawood and includes: managing director Patrick McCarthy; senior vice presidents John Brown and Eric Taylor; vice president Scott Jones; associate...
A GameStop location on 6th Avenue on March 23, 2021 in New York.View Press | Corbis News | Getty ImagesJust hours after being named GameStop's CEO, Ryan Cohen sent out a memo to employees on Thursday that emphasized he will take dramatic steps to ensure the struggling video game...
Nike reported revenue Thursday that fell short of Wall Street's sales expectations for the first time in two years, but it beat on earnings and gross margin estimates.Here's how the sneaker giant performed during its fiscal first quarter compared with what Wall Street was anticipating, based on a survey...
A Los Angeles-based broker who was a big seller of GWG Holdings bonds is facing a staggering $7.85 million in investor lawsuits as GWG winds its way through bankruptcy proceedings and no one knows what the bonds are worth. The broker, Tony Barouti, is registered with Emerson Equity, the...
The IPO window is open, or at least it’s noticeably ajar. So what does that mean for financial advisors whose clients are interested in venture capital and seek to invest in a company before its shares hit the big board? Despite the recent sell-off in stocks, a number of high-profile...
