Month: March 2019

For the last two years, Scott Gottlieb missed a lot of time with his wife and three daughters — back-to-school nights, school plays and parent-teacher conferences. He loved his job running the Food and Drug Administration, but hated leaving his wife Allyson, nine-year-old twins and five-year-old in Connecticut every Sunday to head to Washington, DC.
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The terms “wealth management” and “viral sensation” are rarely used in the same sentence. Andy Rachleff, co-founder of the robo-advisor Wealthfront, is betting his retirement years he can change that. After a career spent investing in Silicon Valley start-ups, Rachleff is looking to take robo-advising the way of household tech names like Netflix. He and
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Shares RH, the company formerly known as Restoration Hardware, plunged nearly 19 percent Friday morning after it cut its 2019 forecast, suggesting that the company’s new strategy will take longer to pay off than originally expected. Late Thursday, RH posted its fiscal fourth-quarter results, which were mixed as revenue fell short of expectations. The high-end
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As funding for coal- and gas-fired power generation continues to decline, investors long leery of so-called “clean tech” plays are taking a shine to renewable-energy start-ups and other carbon-reducing technologies. According to reports from the International Energy Agency, electricity investments are flowing toward renewables, networks and flexibility, while at the same time more than 100
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Tim Sloan resigned, following the market closed, as chief of the scandal-plagued Wells Fargo even though he delivered a quarter that exceeded expectations, CNBC’s Jim Cramer said Thursday. After a 31-year career with the bank, Sloan said he felt like he had become a distraction at the company because of the “endless harangues from Washington
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