Thermo Fisher Scientific Inc.: “What a great company. $93 billion market cap company, run incredibly well. That’s my kind of company for this environment.” Arconic Inc.: “We’re not arbitrageurs. Let’s just take the profit and run, or even, frankly, let’s just go, because we don’t know how that deal’s going to work out.” Qualcomm Inc.:
General Electric’s troubles have been followed by many, but two Wall Street analysts have correctly called the industrial’s prolonged downfall every step of the way, CNBC’s Jim Cramer said Thursday. Stephen Tusa, an analyst at J.P. Morgan, and John Inch, a Gordon Haskett analysts formerly of Deutche Bank, “have been negative on GE for ages
Tyrone Siu | Reuters Nvidia co-founder and CEO Jensen Huang attends an event during the annual Computex computer exhibition in Taipei, Taiwan May 30, 2017. Check out the companies making headlines after the bell: Nvidia shares plummeted as much as 16 percent during after-hours trading Thursday after the company missed on revenue. The chipmaker reported
“You’re in a completely different position with that kind of money,” Chancey said. “You can build your own financial services team that is dedicated all day to your financial affairs.” For both Bailey and West, minimizing taxes likely will factor prominently in their financial decisions. While both winners had taxes withheld from their share, it
Christophe Morin/IP3 | Getty Images News | Getty Images Mark Zuckerberg, chief executive officer and founder of Facebook Inc. attends the Viva Tech start-up and technology gathering at Parc des Expositions Porte de Versailles on May 24, 2018 in Paris, France. Facebook on Thursday released its latest report on the removal of harmful content from
Ahead of the financial crisis, a buildup of leverage on bank balance sheets that went largely undetected by regulators helped cause the worst downturn since the Great Depression. Sen. Elizabeth Warren is afraid the same thing is happening again a decade later. The Massachusetts Democrat said Thursday that she thinks the Federal Reserve and its
Ever get an uncomfortable feeling in your stomach during a job interview? Ever see two interviewers swivel their heads toward one another, lock eyes and pause before answering your question? If you’re the kind of person who wants to know the other side of the story, here’s a way to interpret some interview clues that
Justin Sullivan | Getty Images Power lines rest on cars that were burned by the Camp Fire on November 10, 2018 in Paradise, California. PG&E’s stock has lost more than half its value this week as shareholders flee the utility amid concerns that its equipment may be partly responsible for the most destructive wildfire in
J.C. Penney on Thursday reported quarterly revenue that fell short of analysts’ expectations, sending shares down more than 10 percent in premarket trading, to just above a dollar a share. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Losses per share: 52 cents,
Walmart on Thursday reported earnings that topped analysts’ expectations and raised its forecast for the full year heading into the holiday season. Earnings were fueled by robust e-commerce sales, as the company continues to gobble up online brands to compete with Amazon in categories like apparel and home goods, while also scaling its grocery business.
The pan-European Stoxx 600 was down 0.6 percent, with major indexes in the red, except for FTSE 100 that held on to a slight positive. Raab, in a letter to the U.K leader, said he could not reconcile with the terms of her proposed Brexit deal, after the promises the ruling Conservative Party made to
Huawei is working on its own voice assistant that works outside of China, potentially pitting it against software produced by Google and Amazon. In China, Huawei has its own voice assistant called Xiaoyi which operates in its smart speaker called the AI Cube and its smartphones. But it is only for the Chinese market. Now
Federal Reserve Chairman Jerome Powell’s comments about the U.S. economy on Wednesday may have been the central bank chief’s first real acknowledgment of an economic slowdown, CNBC’s Jim Cramer says. “It’s the first time that I’ve actually heard Jay Powell say, ‘You know what? We’ve got to be careful, because there are signs of the
Things may be looking up for U.S.-China trade relations, which in turn is good for networking hardware colossus Cisco Systems, Chairman and CEO Chuck Robbins told CNBC on Wednesday. “We’re beginning to hear some positive sound bytes around this,” Robbins told Jim Cramer in an exclusive “Mad Money” interview. “I’m optimistic that we’ll get to
Federal Reserve Chairman Jerome Powell expressed confidence in U.S. economic strength Wednesday and said markets will have to get used to the idea that the central bank could raise rates at any time starting in 2019. During a question-and-answer session in Dallas, Powell conceded that the global economy is not growing at the same pace
“It’s not the Cambridge Analytica stuff that’s [as] concerning as some of the other stuff with margins and what’s going on there,” he added. “But look, the stock still trades — it looks like it’s still trading at 16, 17 times” next year’s earnings estimates. Appaloosa also more than doubled its position in PG&E by
Cisco stock rose 5 percent after the company reported better-than-expected earnings for the first quarter of its 2019 fiscal year. Executives will discuss the results with analysts on a conference call at 4:30 p.m. Eastern time. Here’s how the company did: Earnings: 75 cents per share, excluding certain items, vs. 72 cents per share as
As you shop around for coverage, be aware that premiums for your Medicare Advantage plan only tell part of the story. Be cognizant of your plan’s out-of-pocket maximums, deductibles — spending limits you must hit before your insurer begins to cover costs — as well as any copayments and coinsurance you need to pay for.
SurveyMonkey stock shot up nearly 15 percent Wednesday, a day after the company reported solid earnings for its first quarter as a public company and a growing enterprise user base. Shares climbed as much as 19 percent to $13.45 in midday trading, after initially jumping just 3 percent immediately following the report Tuesday evening. It
Levi’s had gone public once before, in 1971, generating proceeds of about $50 million. At the time, it was one of the largest ever IPOs, even as the family maintained a large stake. But while public, profits declined as did the company’s stock price. Descendants of Levi Strauss took the company private in a $1.7
The iPad maker is morphing from a business propelled by the volume of devices it ships into one that stresses luxury products and software sales. That evolution has been marked by shockwaves for much of the technology space, with several of Apple’s largest semiconductor suppliers noting marked declines in order volume. Apple shares dropped by
When Eads’ son was diagnosed with cancer, he retired earlier than he expected to tend to him. His son eventually died. During these difficulties, Eads put his loans into multiple forbearances, which are temporary postponements of payments, during which interest accrues. The 71-year-old man now owes more than $60,000, more than double what he originally
Whether a quick glance at the benchmarks indicates you’re right on track or way off the path, you’ll want to take those guidelines with a grain of salt on your avocado toast. “Rules of thumb can be helpful but, until you’re really digging into the specifics, it’s hard to utilize them as a hard recommendation
Macy’s on Wednesday reported quarterly earnings that topped analysts’ expectations, saying strong digital sales boosted results, while the retailer continues to make investments to improve its stores. The department store chain also raised its earnings outlook for the full year, expecting a strong holiday quarter. Its shares whipsawed on the news, climbing more than 2
U.S. stock futures pointed to a negative open on Wednesday amid volatility in the oil market and as investors looked ahead to upcoming inflation data. As of 4:40 a.m. ET, Dow Jones Industrial Average futures were 78 points lower, indicating a lower open of -23 points, while S&P 500 and Nasdaq futures were also in
The company narrowed its expectation for full-year earnings before interest, tax, depreciation and amortisation (EBITDA) to $3.6 billion to $4.0 billion from $3.5 billion to $4.2 billion previously. The former conglomerate is restructuring to focus entirely on transport and logistics and plans to step up competition with delivery companies UPS and Fedex. Maersk bought German
ALBERTO PIZZOLI | AFP | Getty Images Italys Labor and Industry Minister and deputy PM Luigi Di Maio (L) and Italys Interior Minister and deputy PM Matteo Salvini smile before the swearing in ceremony of the new government at Quirinale Palace in Rome on June 1, 2018. Italy’s populist government said it would stick with
David Paul Morris | Bloomberg | Getty Images Richard Yu, chief executive officer of Huawei Technologies Co., holds the Mate 10 Pro smartphone while speaking during the company’s keynote event at the 2018 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Tuesday, Jan. 9, 2018. Huawei is working on augmented reality (AR) smart
In an uncertain investing environment, CNBC’s Jim Cramer likes to highlight “the best of the best” of the “slowdown plays,” or stocks that do well in a weaker economy. So, on Tuesday, the “Mad Money” host profiled the turnaround at Bausch Health Companies, the drugmaker formerly known as Valeant Pharmaceuticals. Under the leadership of Chairman
Dropbox Inc.: “We talked to [CEO] Drew Houston when we were out at Dreamforce. He told a great story and then we got this incredible tech sell-off. Then he reported and the numbers were great. Buy, buy, buy!” Sociedad Quimica y Minera de Chile: “We’re going to stay away from that. Known stories mean no
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