Business

January 20, 2009 was a historic day, as Barack Obama became the first African-American president in United States history. It was also a chilling time in the economy, as major financial institutions were still struggling and the country was bleeding hundreds of thousands of jobs every month. The government’s response was still uncertain, with many
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When Goldman Sachs talks, investors listen. Goldman analyst Patrick Archambault, who covers Tesla, put out a report with a price target on the stock of $84, a 34 percent discount to the prior day close of $127.26. Archambault had come up with three scenarios for the company, based on how many cars it would sell,
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Comcast: The NBC and CNBC parent will report earnings Wednesday as it waits for its deal to buy a majority stake in European television network Sky to close. “I think the deal’s terrific because Comcast has grown so large that the regulators frown on them making more acquisitions here in the U.S.,” Cramer said. “The
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Saul Loeb | AFP | Getty Images Facebook founder and CEO Mark Zuckerberg arrives to testify following a break during a Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee joint hearing about Facebook on Capitol Hill in Washington, DC. The Federal Trade Commission is considering imposing a “record-setting fine” against Facebook for allegedly
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David A. Grogan | CNBC Brad Smith, President and Chief Legal Officer, Microsoft, speaks at the 2017 Cambridge Cyber Summit on October 4, 2017. The current U.S. government shutdown is not good for business, Microsoft president and chief legal officer, Brad Smith said on CNBC’s “Closing Bell” on Thursday. “It is not good for business,”
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Daniel Acker | Bloomberg | Getty Images A customer shops in a supermarket in Princeton, Illinois. Jefferies downgraded its outlook on Anheuser Busch Inbev‘s stock to underperform on Wednesday, saying the brewing company is facing heavy global competition, hurting any near term growth. “Market share pressures could lead to some disappointment on recovery potential resulting
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Macy’s weaker-than-expected holiday sales results seems to be more of a Macy’s problem than a retail industry problem, CNBC’s Jim Cramer said Tuesday. Shares of the old-line department store operator saw their worst trading day ever after Macy’s reported lower holiday sales for the end of 2018 and slashed its earnings outlook for the year.
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Gillette has come under fire after releasing a commercial that draws on the #MeToo movement to challenge “toxic masculinity.” In the ad, the razor brand — a subsidiary of global giant Proctor & Gamble — calls out “bullying,” “sexual harassment” and “toxic masculinity,” and questions: “Is this the best a man can get?” The campaign
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The parent company of Calvin Klein and Tommy Hilfiger has “changed the narrative” for the retail sector, and its stock still has more upside, CNBC’s Jim Cramer said Monday after the major averages fell slightly on earnings worries. “PVH had a very rough time in the second half of 2018. Even though shares have rallied
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Lockheed Martin Corp.: “That’s not a growth stock. That is not a growth stock, not with Democrats taking over control of the House. I am not going to steer you toward Lockheed Martin. If you want growth, I suggest you do not look at the defense stocks.” J.M. Smucker Co.: “They keep missing the quarter,
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Huawei’s research and development company, Santa Clara, Calif.-based Futurewei Technologies, was blocked this week from shipping telecommunications equipment and software manufactured stateside. The Commerce Department called the equipment a security risk. It’s part of a multi-pronged effort “to ratchet up the pressure on China,” said Tom Kellermann, chief cybersecurity officer of cybersecurity company Carbon Black
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The Brazilian government on Thursday said it would allow a proposed tie-up between planemakers Embraer and Boeing to go forward, capping weeks of uncertainty in which President Jair Bolsonaro expressed hesitation. The approval maintains the terms of the deal as previously proposed, with Embraer selling 80 percent of its commercial plane division, its most profitable,
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Michael S. Williamson | The Washington Post | Getty Images As an airliner prepares to land, a bird takes off at the Gravelly Point park that’s just off the end of the runway near Reagan National Airport. Airlines can’t get federal officials to sign off on new planes and routes amid the U.S. government shutdown,
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