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Netflix Donates £500,000 To Help UK Theater Workers


As theaters remain shuttered in both the United Kingdom and the U.S., Netflix announced late Sunday that they have made a £500,000 donation to initiate the Theatre Artists Fund, a new initiative to directly help British artists affected…


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Market

Stocks Are Rallying Too Much On Vaccine News, Says This Market Expert


While reports of positive data from potential coronavirus treatments have helped propel the market higher in recent months, investors are far too optimistic about a vaccine and stocks shouldn’t be rallying so much on each bit of news,…


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Tesla

Tesla Is Now The World’s Most Valuable Car Company With A $208 Billion Valuation


Tesla’s stock jumped to a new record high on Wednesday, giving the electric vehicle maker a valuation of more than $208 billion, which means that it is now the most valuable car company on the planet. KEY FACTS - Tesla’s stock has…


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More from Money


London Coronavirus

U.K. Economy Plunges 20.4% As Global Stocks Waver Over Fears Of Second Wave

Latest statistics from the U.K.’s Office of National Statistics show the true cost of a full month of lockdown measures which led to the closure of all non-essential businesses. KEY FACTS - “April’s fall in GDP is the biggest…


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New York Stock Exchange

Nasdaq Hits Record High As Amazon, Apple Shares Jump

The stock market finished lower on Tuesday—although the Nasdaq Composite rallied to a new record high—a day after the S&P 500 turned positive for 2020 and fully recouped its losses from the selloff caused by the coronavirus…


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Michael Jordan

Michael Jordan And Jordan Brand Pledge $100 Million To Racial Equality

Michael Jordan and the Nike-owned Jordan Brand pledged to contribute $100 million over the next 10 years to organizations dedicated to racial equality, social justice and education access, in the largest corporate donation made in the response…


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LVMH Says It’s Not Seeking To Buy Tiffany & Co Shares On The Market As Doubts Are Cast On The Deal

LVMH Says It’s Not Seeking To Buy Tiffany & Co Shares On The Market As Doubts Are Cast On The Deal

French luxury conglomerate LVMH said it will not buy up shares of Tiffany & Co on the market in a bid to get a lower price for the American jeweler, as the company is seeking to renegotiate its $16.2 billion deal for the retailer hard hit…


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Roger Federer

Roger Federer Tops World’s Highest-Paid Athletes: Tennis Ace Scores First No. 1 Payday With $106 Million

Roger Federer has landed the top spot on the annual Forbes list of the highest-paid athletes for the first time this year with $106.3 million in pre-tax earnings. The Swiss ace is the first tennis player to take the No.…


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President Donald Trump

Stocks Turn Positive After Trump Keeps Phase One China Trade Deal Intact

The market fell sharply for most of Friday as investors braced for President Trump’s announcement regarding China, but despite new sanctions and penalties, stocks turned positive after the phase one trade deal was kept intact. KEY FACTS…


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Shanghai China

Seven Numbers That Sum Up China’s Economy Right Now

China’s powerhouse economy was the first to feel the squeeze as the coronavirus pandemic took hold earlier this year, and the damage is likely to last for years to come. As top Chinese lawmakers gathered at the National People’s…


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Credit Suisse Thinks These Cruise Stocks Will Jump Over 50%

Credit Suisse Thinks These Cruise Stocks Will Jump Over 50%

The cruise industry has been rocked by the coronavirus shutdowns, but Credit Suisse is making a bold bet that the stocks of two major players will surge over 50% and lead the industry’s eventual recovery. KEY FACTS - The firm initiated…


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‘Today’s Top Wealth Manager Requires More,’ Says CEO UBS Monaco

‘Today’s Top Wealth Manager Requires More,’ Says CEO UBS Monaco

Following UBS’s 1Q20 announcement of $1.6 billion net profit, Agnès Falco, CEO UBS Monaco, talks to Forbes Monaco about the uncertainty and unfamiliar times of Covid-19. UBS’s first quarter 2020 reflected high client transaction…


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Wall Street New York

Stocks Fall As Investors Anticipate Rocky Reopening, Possible Coronavirus Second Wave

Stocks opened lower on Monday morning as investors braced for the possibility of a second wave of coronavirus cases even as economies around the world take their first cautious steps toward reopening. KEY FACTS - The Dow Jones Industrial Average…


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American Airlines

Warren Buffett Sells Airline Stocks Amid Coronavirus: ‘I Made A Mistake’

Billionaire investor Warren Buffett, chairman of Berkshire Hathaway, told shareholders on Saturday that he had sold all of the company’s airline stocks, admitting that he had made a mistake and that coronavirus had changed the business…


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Barclays Group CEO, Jes Staley

No EU Coronabond Bailout, Barclays £100M Covid-19 Aid Package

The Bank of France reported Wednesday morning that the country’s economy has shrunk 6 percent in the first quarter of 2020, its worst performance since 1945, due the coronavirus lockdown. French economy minister Bruno Le Maire met on…


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Mathieu Ferragut and Jean-Christophe Maillot

Annual Report

A year ago Mathieu Ferragut stepped in as CEO at the only Monaco-based bank with local shareholders. Founded in 1922, CFM Indosuez has become the only Monaco-based bank with local shareholders. While Credit Agricoleowns 70% through its…


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Jean-Christophe Gerard Confirmed As CEO Of Barclays Monaco 

Jean-Christophe Gerard Confirmed As CEO Of Barclays Monaco 

“We are one of the top private banks in the region and the leading investment solutions provider for (U)HNW clients in Monaco,” says Jean-Christophe Gerard, who after stepping in as interim Head of Barclays Private Bank EMEA in…


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Antonio Cecere

Diamonds And Disruptors

Antonio Cecere Adds Clarity To A Luxury Asset Soaring In Value The Magnificent Jewels at Christie’s New York auction this April proved once again that fancy color diamonds are a top performing physical asset and an investment vehicle…


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In The Market

In The Market

Few know more about global real estate trends than Sophie Chick. THE AVERAGE PRICE per square meter in Monaco, according to Savills, increased by 18% last year while the number of new build sales also reached a record high in 2018. With a reputation…


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Spotlight On Monaco Property

Spotlight On Monaco Property

Prices in Monaco increased by an astounding 18% last year, at a time when the rest of the world’s prime residential hotspots were slowing or seeing value falls. However, Savills doesn’t expect the trend to continue at the same rate…


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Monaco Entrepreneurial Women 2019

Monaco Entrepreneurial Women 2019

THE STATE OF WOMEN-OWNED BUSINESSES REPORT 2018 CLAIMS THE NUMBER OF WOMEN-OWNED BUSINESSES IN THE U.S. HAS INCREASED NEARLY 3,000% SINCE 1972 AND WOMEN NOW MAKE UP 40% OF THE COUNTRY’S NEW ENTREPRENEURS. MONACO’S NETWORK OF FEMALE…


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At Law. Raising The Bar

At Law. Raising The Bar

Monaco lawyers make a case to protect their profession during EU association agreement talks. When news first broke in February 2015 of a dispute between Forbes 224th richest man on the planet, AS Monaco football club president Dmitry Rybolovlev,…


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Daniel Ricciardo

All Ale To The Winning Formula!

F1 driver Daniel Ricciardo taps into the largest craft brewery on the coast. For over fifty years, drivers have triumphantly sprayed champagne on the F1 podium. Swiss racer Jo Siffert can be credited with the ritual when, at the 1966 Le Mans…


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Irina

Better Than Grandma’s Chicken Soup

How one Monaco resident is steeping into a $7 billion protein market one cup at a time. THE VITAMINS AND NUTRITIONAL supplements market in the U.S. is expected to top $39.3 billion this year, reaching $50 billion by 2022. Where there is…


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Nico Rosberg

The Electrification Of Nico Rosberg

"Autonomous cars drive better than I do,” says F1 champ WITHIN A WEEK OF CLINCHING the 2016 Formula 1 World Championship—and beating Mercedes teammate Lewis Hamilton in the pro—Nico Rosberg retired at the peak of his…


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Agnes Falco UBS Monaco

Local CEO Banks On Family And Health

Agnés Falco may have a career in banking and finance spanning 20 years but for this CEO at UBS Monaco, the bottom line comes down to quality of life, for her team and her clients. “When people come…


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What to expect from 2019

What to expect from 2019

Markets have stabilized and opportunities exist but could volatility become a recurring theme? Investors had a rough ride in the fourth quarter of 2018, with a 17% peakto- trough decline in global equities followed by a 7% rebound into theNew…


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Lewis Hamilton

Monaco’s Wealthiest Athletes

With more than 300 days a year of sunshine, no income tax for residents and one police officer for every 74 people, Monaco is a pretty sweet deal for athletes who train year- round and like to keep a low profile. Ayrton Senna,…


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Opera Gallery Monaco