Business

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.:
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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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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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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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Chinese e-commerce giant Alibaba may have recorded its slowest ever annual growth rate for its Singles Day shopping extravaganza this year, but a large online retailer in Southeast Asia that is majority-owned by Alibaba said it witnessed accelerating growth during the event. Southeast Asia is at the “beginning of the journey” and still witnessing “accelerating
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Screenshot | Microsoft live stream Adobe CEO Shantanu Narayen, Microsoft CEO Satya Nadella and SAP CEO Bill McDermott announce the Open Data Initiative at Microsoft’s 2018 Ignite conference in Orlando, Florida. Legacy tech companies have been scooping up smaller cloud and software providers in massive deals throughout 2018. The consolidation comes as older enterprise tech
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Cramer is tired of high-performing companies getting the runaround from investors after reporting strong earnings. “We’ve seen so many companies report great numbers this quarter and the market has yawned or even trashed their stocks for no good reason, other than misperception,” he said. Using Norwegian Cruise Line Holdings as an example, Cramer pointed to
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U.S. stock futures pointed to a negative open on Friday as investors digested the latest comments from the Federal Reserve. As of 4:40 a.m. ET, Dow Jones Industrial Average futures were seen down by 79 points, indicating a negative open of -57 points. S&P 500 and Nasdaq futures were also in the red. The Fed
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If CNBC’s Jim Cramer knows one thing about the United States Congress, it’s that “a house divided against itself can produce some amazing profits” for investors, he said one day after the 2018 midterm elections. On Tuesday, the Democratic Party regained control in the House of Representatives, while the Republican Party maintained its majority in
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Health insurer stocks rallied Wednesday after Democrats took control of the U.S. House in Tuesday’s elections, buffering further attempts by the GOP to repeal or further weaken Obamacare. The approval of Medicaid expansion referendum votesin Idaho, Nebraska and Utah were also seen a positive for insurers. The expansion would mean potentially thousands of poor Americans
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The world’s largest gaming market has the potential to grow even bigger, according to the head of casino giant MGM. Macau, the gambling haven located in southern China, stands to benefit from the extensive investment being pumped into the Greater Bay Area initiative, James Murren, CEO of MGM Resorts International, told CNBC on Tuesday. That
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Investors “have to look at the overall economy” and not focus so much on President Donald Trump’s tariffs on steel imports when considering whether to invest in Nucor, the country’s largest steel producer, its CEO told CNBC on Tuesday. “We hear a lot of talk about the tariffs and, certainly, the tariffs are playing a
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U.S. stock futures traded mixed on Tuesday as voters are set to head to the polls for midterm election which could send ripples throughout capital markets. As of 4:00 a.m. ET, Dow futures were down by 2 points, but indicated a slightly higher open of 17 points. Meanwhile, S&P 500 and Nasdaq futures traded mildly
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