After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Here's what Nordstrom reported for its fiscal second-quarter earnings.Retailread more
The sexy image that once boosted Victoria's Secret has been haunting L Brands more recently, as women are steering clear of the brand's hot pink, lacy and bejeweled lingerie.Retailread more
See which stocks are posting big moves after the bell.Market Insiderread more
"I'd love to say that the optimistic universe is most likely to prevail, but the talking heads talk endlessly about how a recession is inevitable," CNBC's Jim Cramer says.Mad Money with Jim Cramerread more
Read the fine print in your Apple Card contract — one clause means you give up your right to be heard in court.Technologyread more
Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battleThe Fedread more
President Donald Trump signed a memorandum on Wednesday to automatically cancel the student loan debt of disabled veterans. More than 25,000 service members will have their...Personal Financeread more
President Trump and Apple CEO Tim Cook have had a rocky relationship in recent years, but Trump is now complimenting the executive publicly.Technologyread more
Orion Hindawi, the
Unlike previous rounds,
Orion Hindawi told CNBC that David is "taking about half of that, $50 million, and funding his charitable foundation, with that. The rest is going to early employees and investors." The foundation focuses on early childhood development and health, but the younger Hindawi declined to name it, saying that his father prefers to remain anonymous with his charitable giving.
Earlier this week, Hindawi told CNBC that going public is "the right thing for our company to do." He also said the company has more than $300 million in the bank and is cash-flow positive.
So if liquidity is the goal, and the company's finances are solid, why not go public now?
Hindawi said that he's looking for more predictable quarterly sales cycles. Right now the company's growth is driven mostly by new customers, and a huge deal at the end of the quarter could totally make or break the quarter, which could cause distracting swings in the stock price, he said.
"I've seen a lot of friends who run companies in the last year go public before they were ready," he said. "In some
He also contrasted
He called these companies "non-profits masquerading as tech companies" and slammed the "corrosive" start-up environment in San Francisco today.
"People are starting companies because they want to hang a shingle out there, engineers are focused on comp packages and stock packages instead of product," he said. "This was never permitted 30 years ago, even 15 years ago. There's a reckoning coming, and we kind of deserve it."
"I think there's a lot of precedent in the market for people being really disciplined about examining exit strategies and valuations of companies," Hindawi said. "Many companies have raised pretty substantial down rounds. We would consider this a reasonable up
However, the company's image was bruised by a recent report that called attention to Hindawi's aggressive management style and claimed the company was suffering executive attrition because of it.