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
Month: November 2018
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
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
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
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
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
Source: Money Under 30 For younger consumers, convenience rules, and Amazon shares part of the blame for making millennials less sensitive to prices. “We order almost everything via Amazon Prime, with full knowledge that we could get the items cheaper with a bit more effort, but it’s just so easy to order it and expect
There’s a magic number that can complicate your open enrollment process: $120,000. If you earned that much or more in 2018 from a business, the IRS considers you a “highly compensated employee,” or HCE, of that company. (In 2019, the threshold will rise to $125,000.) That HCE designation also automatically applies if you owned more
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”
General Electric will reduce its stake in Baker Hughes to a slight majority position, the company announced Tuesday, bringing in much-needed cash for the embattled industrial conglomerate. The sale of Baker Hughes stock will bring GE’s stake to just over 50 percent in the oil field services company, down from 62.5 percent. With up to
Wall Street is crazy for punishing Home Depot for a great quarterly earnings report, CNBC’s Jim Cramer argued on Tuesday. “Home Depot was not dead,” Cramer said on “Squawk on the Street” as the Dow component was falling sharply. For Advanced Auto Parts to be up so strongly “on a very small comp beat and
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.
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
For sellers, auctions give them a chance to sell the property in a fixed time frame. And Concierge’s data-base of over 500,000 potential buyers and sellers and real-estate contacts worldwide gives sellers a bigger buying pool. Bidding on Playa Vista Isle started Monday on ConciergeAuctions.Com and concludes Thursday night. Technically there is no reserve, meaning
Krisztian Bocsi | Bloomberg | Getty Images The Bayer AG logo sits behind silhouetted members of the management board during the company’s annual general meeting in Bonn, Germany, May 25, 2018. Bayer’s adjusted core earnings were flat for the quarter, as better prescription numbers for cardiovascular drug Xarelto were tempered by a weaker animal health
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
U.S. stock futures traded higher on Tuesday following a sharp downturn in the previous session. As of around 4:40 a.m. ET, Dow Jones Industrial Average futures rose 108 points, indicating a higher open of 112 points, while S&P 500 and Nasdaq futures were also in positive territory. On Monday, equities dived with the Dow falling
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,”
Nvidia Corp.: “Yes[, this is a good time to start nibbling on Nvidia]. OK, Nvidia reports on Thursday. I think the quarter is going to be just OK, not great. I think your next quarter is going to have a product gap because they’ve got this Turing chip that is so smart that nobody’s running
In times of stock market volatility, investors tend to flock to “safe” stocks that offer steady growth and high dividends. But high-yielding securities can come with unexpected risks, CNBC’s Jim Cramer warned Monday as stocks traded lower. “The risks are enormous if you don’t know the pitfalls,” he told investors. “As much as we love
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