Month: November 2018

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
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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
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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
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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
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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
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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
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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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Check out the companies making headlines after the bell: Blue Apron shares dropped as much as 5 percent during the extended session Tuesday after the meal-kit service announced it would take strategic actions to improve its profitability, including a 4 percent reduction of its workforce. Tilray shares dropped over 5 percent after hours when the
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Starbucks is planning to cut approximately 5 percent of its global corporate workforce, according to a memo sent by CEO Kevin Johnson on Tuesday. In the memo obtained by CNBC, Johnson said the lay offs would impact 350 employees in marketing, creative, product, technology and store development. Johnson said affected divisions will undergo “significant changes”
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Given that Medicare can seem like a confusing web of options, it’s no wonder that many consumers rely on licensed professionals for help. If you’re among those who turn to an agent or broker, it’s worthwhile making sure the person has evaluated all of your 2019 options during Medicare’s open enrollment period, which ends Dec.
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Nvidia’s earnings report — specifically its forecast for the current quarter — is likely to disappoint Wall Street this week, said Susquehanna’s Christopher Rolland, but he’s upgrading the stock anyway. “To be clear, this is not a call on NVIDIA’s quarter … in fact, we think the odds are substantial that management’s guidance will miss
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Home Depot on Tuesday reported quarterly earnings that beat analysts’ expectations and raised its sales outlook for the full year, showing little sign of slowing down despite concerns about softening existing home sales. Management warned during a conference call with analysts the company will still face tougher comparisons in the foreseeable future because of devastating
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China is committed to opening up its insurance sector just as it’s indicated, but it will be on its own time, said Mike Wells, Prudential Group CEO on Tuesday. “Beijing is saying they have a plan for greater opening, and I think like everything in China the time frame is misaligned with U.S. time frames,”
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