Mark Cuban, who made billions of dollars during the dot-com boom, said Wednesday that the stock market is not reminiscent of 1999. “Interest rates were a lot different back then,” Cuban said on CNBC’s “Fast Money Halftime Report.” The levels of day trading have receded and given way to the rise of index funds, creating a fundamentally different landscape, Cuban said. “There’s so much money chasing index funds, so as long as those funds keep on growing the market is going to go up,” said Cuban, w

From August 1, 2019, Polish citizens under the age of 26 who earn less than 85,528 zloty ($22,207) a year will no longer have to pay income tax. Poland continues to have a strained relationship with Brussels after several years of legal disputes over changes to the country’s judiciary, and fears over increasing authoritarianism in the Eastern European nation. Brussels objected to the fact that judges in Poland could be subjected to investigations and sanctions based on their rulings and that the

The coronavirus spreading in China appears to be contained for the time being, according to the CEO of pharmaceutical giant AstraZeneca. “It really looks like at this point it’s very contained,” Soriot told CNBC. “We have a very large presence in China — we’re the number one pharmaceutical company there, we employ 16,000 people — so as you would imagine it matters to us, we really care a lot and we’ll monitor this, but it really looks like it’s contained for the time being.” A new strain of coro

The global economy is seeing a “growth rotation” away from the U.S. and toward Europe and the rest of the world, according to Standard Chartered CEO Bill Winters. The euro zone economy stuttered in 2019, forcing the European Central Bank (ECB) to cut interest rates to an all-time low of -0.5% and launch a massive new bond-buying program. The International Monetary Fund (IMF) this week revised down its euro area growth projections from 1.4% to 1.3% in 2020, but this still represents an improvemen

DAVOS, Switzerland — U.S. Commerce Secretary Wilbur Ross has questioned whether a lack of agreed international rules concerning space exploration could inadvertently trigger a lawless “Wild West situation.” His comments come as a new era of space discovery gathers pace, with an ever-growing list of space agencies forming around the world. “Who owns space? Are we getting into kind of a Wild West situation of claim jumpers or will there be some methodology?” “Space is not a vacuum really, it is ac

The current most senior executive at French carmaker Renault has played down suggestions that an almost two-decade partnership with Japan’s Nissan is set to end. Ties between the two firms have been strained since Japanese authorities arrested former Nissan chair Carlos Ghosn in 2018 on charges related to misuse of company funds and underreporting of his personal salary. Bullishly describing the relationship as “extraordinarily positive,” Senard added that the two management teams were talking e

Former US Vice-President Al Gore, speaks at the Securing a Sustainable Future for the Amazon, during the World Economic Forum in Davos, Switzerland, on January 22, 2020. Former U.S. Vice President Al Gore believes the climate crisis is getting worse “way faster” than most people realize, describing it as a “challenge to our moral imagination.” Delivering closing remarks at a World Economic Forum panel session on Wednesday, Gore spoke passionately about the climate emergency. At one stage, the co

Big bonuses and quirky benefits may help boost office morale, but roles offering real work-life balance are most conducive to job satisfaction, according to LinkedIn. In a study released Wednesday, the professional networking site said 69% of HR professionals agree that work-life balance is the number one factor impacting the employee experience at work. That shift is due in part to social factors, such as the #MeToo movement, which have helped drive the debate on workplace culture. Multigenerat

Oil pullingEach morning as she gets ready, Paltrow “oil pulls,” which involves placing raw organic coconut oil in her mouth and swishing it around. She says it’s “an ayurvedic way to remove bacteria from the mouth,” she told Harper’s Bazaar. She drinks two large glasses of water, then coffee, while she catches up on email and reads the news with her husband, producer Brad Falchuk, she told Harper’s Bazaar. Paltrow told Harper’s Bazaar that she goes straight from school drop-off for her kids — Ap

Billionaire Jack Ma has said that getting sleep is the best way for him to make decisions in the face of a problem. In a 2016 letter to shareholders, Bezos wrote that he makes “high-quality, high-velocity decisions,” meaning he makes choices quickly to avoid stagnation. But this founder of two billion-dollar start-ups has a different approach when it comes to big decisions. As of March 2018, Warby Parker was valued at $1.75 billion, after raising $300 million in funding, the New York Times repor

YouTube bloggers revisit their own spending mistakes regularly, says Sarah Wilson, a personal finance blogger who lives in College Station, Texas. “When people take more time to think about how they’re going to spend their money they’re far less likely to wish they hadn’t spent it.” In a more recent YouTube video, Wilson details misguided spending on shoes, luggage and cookware, and shares some commonsense strategies to avoid financial mistakes. Habits firstSpending money doesn’t equal meeting g

President Donald Trump told CNBC on Wednesday he wouldn’t be against Facebook CEO Mark Zuckerberg running for the White House. That wouldn’t be too frightening, I don’t think,” Trump told “Squawk Box” co-host Joe Kernen in an interview from the World Economic Forum in Davos, Switzerland. “But he does have that monster behind him,” Trump said, referring to Facebook, which is facing multiple antitrust probes from federal and state investigators. “I’d rather him just do whatever he’s going to do,”

U.S. lawmakers have raised questions about Google’s access to the health records of tens of millions of Americans. “When we work with hospitals, the data belongs to the hospitals,” Pichai told a conference panel at the World Economic Forum in Davos, Switzerland. We know we can use artificial intelligence to make it better,” Pichai added. Pichai said there was already strong privacy-protecting regulations in place that provide a framework for Google to operate. Google clinched a deal in November

The campaign won Old Spice viral success when it kicked off in 2010, featuring actor Isaiah Mustafa as the “Old Spice Guy.” Old Spice worked with Wieden & Kennedy Portland for the reboot. The brand also said the “Old Spice Guys” will be spotted on social media in Miami during the week leading up to the Super Bowl, and said there will be “a surprise Old Spice Guy appearance during the big game broadcast.” The ad’s creators told Ad Age in 2014 they sought to speak to women “without alienating guys

Dara Khosrowshahi, CEO of Uber, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan,. Uber is better equipped than its competitors to turn ride-hailing into a profitable business, the company’s CEO told CNBC. “We are by far the global leader in ride-sharing,” Dara Khosrowshahi told CNBC’s “Squawk Box” at the World Economic Forum in Davos, Switzerland. Uber is down nearly 10% since its initial public offering, while Lyft has slumped almost 40%. Their fortune

Actor Terry Jones attends the American Cinematheque presents Monty Python’s Terry Jones in conversation with Edgar Wright held at the American Cinematheque’s Egyptian Theatre on December 14, 2014 in Hollywood, California. Terry Jones, comedy legend, screenwriter, film director and co-founder of Monty Python, has died. He, Palin, Terry Gillam, John Cleese, Eric Idle and Graham Chapman went on to found the comedy troupe Monty Python. Jones was well-known for portraying middle-aged housewives with

New York-based grocery chain Fairway Market said Wednesday morning it has no plans to file for Chapter 7 bankruptcy, following a report that said it was preparing to do so. “Despite reports, Fairway Market has no intention to file for chapter 7 or liquidate all of its stores,” a spokesman told CNBC in an emailed statement. All 14 stores remain open for business, offering a complete range of high quality, specialty food products, and we look forward to seeing our customers and employees.” In 2016

Coca-Cola CEO James Quincey said he is feeling confident about the state of the consumer in 2020, even as trade tensions and concerns about sluggish economic growth continue. “You walk around Davos and there are some sectors that are feeling the pressure coming out of 2019 and into 2020 — more on the manufacturing side, some of the big trade sectors,” Quincey said on CNBC’s “Squawk Box” on Wednesday. “But the consumer seems to be robust around the world — yes, ups and downs, but they’re doing pr

Despite a roller-coaster ride in 2019, IPO investors made money, and they are starting off 2020 in the green as well. The Renaissance Capital IPO ETF, a basket of the most recent 60 or so larger IPOs, is at a historic high. The IPO ETF has outperformed the major indices this year due to a surge in 2019 under-performers such as Uber, Lyft and BeyondMeat. “The strong 2020 performance of recent IPOs bodes well for the 2020 crop,” said Kathleen Smith of Renaissance Capital. IPO watchers expect the 2

Cramer on the streaming war: Netflix’s algorithms are brilliantCNBC’s “Squawk on the Street” team breaks down Netflix shares after the company reported earnings.