Month: February 2020

A view of a Best Buy retail store on August 29, 2019 in San Bruno, California. Justin Sullivan | Getty Images Best Buy on Thursday reported fourth-quarter results that exceeded analysts’ expectations, driven by strong sales of headphones, appliances and other items over the holidays. Shares were down more than 2% amid rising market worries
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Chamath Palihapitiya Heidi Gutman | CNBC Billionaires should be grateful for their good fortune and stop being so sensitive to public criticism and name-calling by politicians, tech billionaire Chamath Palihapitiya said Wednesday. In a heated billionaire-versus-billionaire debate with former hedge fund manager Leon Cooperman, Palihapitiya said that being demonized or labeled “out of touch” is a
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Lowe’s on Wednesday reported mixed fourth-quarter results, with sales weaker than expected, and provided a disappointing forecast. Share prices rose 1.4% in premarket trading. Here’s what Lowe’s reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: 94 cents, adjusted vs. 91 cents expected Revenue: $16.03
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A view of atmosphere at the launch of SmileDirectClub’s Smile Kit at Macy’s Roosevelt Field Mall on June 30, 2018 in Garden City, New York. Gary Gershoff | Getty Images SmileDirectClub said on Tuesday it is looking at a “controlled growth” in 2020 after the online dental company posted a bigger-than-expected loss as it spent
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Baseball, known locally as yakyuu (or literally “field ball”), is a national phenomenon in Japan. Masaoka Shiki, one of Japan’s four great haiku masters, wrote several poems praising it. Osaka’s most infamous urban legend centers around it. It’s even more popular than the nation’s native sumo. According to data published by Japan’s Central Research Services
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Home Depot on Tuesday beat Wall Street’s earnings expectations for the fourth quarter, boosted by a strong holiday season and above average sales of appliances. The Atlanta-based home improvement retailer has been focused on integrating its brick-and-mortar stores and its online business. It’s in the middle of a three-year, $11 billion investment program. Home Depot
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Macy’s reported fourth-quarter earnings on Tuesday that outpaced expectations, helped by a boost from last-minute shoppers who lifted sales in the days leading up to Christmas. Shares climbed as much as 6% in premarket trading, before they dropped and opened flat. “Taken as a whole, 2019 did not play out as we intended for Macy’s,
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Historic England is the country’s official list keeper of the most historically and architecturally significant places in England — places such as monuments, shipwrecks and battlefields. And pubs. Earlier this month, the heritage organization updated 11 English pub listings to reflect their cultural heritage and national importance, with one receiving a coveted Grade I designation.
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After a solo trip to Las Vegas, I needed some time away from bright lights and late nights. On a friend’s recommendation, I headed into Utah, to the Red Mountain Resort near St. George, about a two-hour drive northeast of Sin City. And I learned there’s a lot to do in Utah than go skiing.
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Dropbox shares rose as much as 16% in extended trading on Thursday after the company reported better-than-expected fourth-quarter results. The stock exceeded the $21 price at which it sold shares in its initial public offering in 2018. It had not closed above $21 since September. Here’s how the company did: Earnings: 16 cents per share,
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Boston Beer Company co-founder Jim Koch defended its heavy investment in hard seltzer Thursday as shares fell after weak guidance and a per-share earnings miss. “Sometimes growth, it’s not cheap, particularly in something capital-intensive like beer,” Koch said on “Closing Bell.“ Hard seltzer, in particular, demands significant investment because “it’s the biggest thing that’s come
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A Stamps.com promotional image Source: Stamps.com There’s volatility and then there’s Stamps.com. Shares of Stamps.com rallied more than 65% on Thursday after the mailing and shipping services company posted quarterly numbers that blew away analyst expectations. The company reported an adjusted profit of $2.12 per share for the fourth quarter on revenue of $160.9 million.
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A Domino’s Pizza food delivery courier drives a moped away from a Domino’s Pizza store in Hanwell, London. Jason Alden| Bloomberg | Getty Images Domino’s Pizza stock soared 23% on Thursday after the company reported quarterly earnings and revenue that topped analysts’ expectations after strong U.S. sales, despite increased competition. Here’s what the company reported compared
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CBS logo seen at the CBS Television City Studio in Los Angeles, California. SOPA Images | LightRocket | Getty Images ViacomCBS on Thursday said its earnings fell short of revenue and profit expectations in its first quarterly earnings results since closing its merger, sending shares down 7% in premarket trading. Viacom and CBS completed their
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A.P. Moller-Maersk is the largest container shipping company in the world. Andia | UIG via Getty Images Shipping giant Maersk warned on Thursday that the coronavirus outbreak would weigh on earnings this year, compounding the woes of a container shipping industry already subdued by trade wars and an economic slowdown. Maersk, which reported a lower-than-expected
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Scott Eells | Bloomberg | Getty Images Zillow on Wednesday reported a surge in quarterly revenue and a smaller-than-expected loss as more people used its real estate website to buy and sell homes, sending its shares up 10% in trading after the bell. Revenue from the company’s home unit, which accounts for more than half
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