Disney isn’t launching its new streaming service until later this year, but investors are already learning the economic challenges of the business. The media company said in a filing on Friday that its investment in Hulu was the primary contributor to a $580 million loss in equity investments in the fiscal year that ended Sept.
Month: January 2019
In the wake of Nike’s 30th anniversary of the “Just Do It” campaign, the company just did it. The major retailer featured former NFL quarterback Colin Kaepernick in its ad campaign with the message: “Believe in something. Even if it means sacrificing everything.” Has the Kaepernick gamble paid off? Plus, Facebook’s Sheryl Sandberg and Twitter’s
Stocks have gotten a boost from optimismfor U.S.-China trade talks, but earnings could take a bigger role in the week ahead, when reports roll in from a diverse group of companies in tech, railroads, pharma, airlines and consumer products. Stocks closed higher for a fourth week, amid talk the market may be getting overbought. The
Netflix posted mixed fourth-quarter earnings results Thursday, sending shares down roughly 4 percent in extended trading. Here’s how the company did compared with Wall Street estimates: EPS: 30 cents, vs. 24 cents forecast by Refinitiv consensus estimates Revenue: $4.19 billion, vs. $4.21 billion forecast by Refinitiv consensus estimates Domestic subscriber additions: 1.53 million, vs. 1.51
The next wave of earnings reports is so busy and pivotal that it could very well drive investors “crazy,” says CNBC’s Jim Cramer. But the longtime investing guru isn’t just worried about the many earnings reports coming down the pike. “I can’t recall a time when the forecast will be more important, certainly much more
Last month, Adam Baker worked in a lab as a geologist for the U.S. Department of Interior. Now he’s a server at a brewery. He has the government shutdown to thank for that. When two weeks passed and Baker still wasn’t called back to his desk in Albuquerque, New Mexico, he started searching for jobs.
With the government shutdown now in its fourth week, banks and credit unions are ramping up help to federal workers. Some 420,000 employees are considered “essential,” and are working without pay, while an estimated 380,000 others have been ordered to stay home. Colorado’s Alpine Bank has set aside $5 million to help furloughed workers. If
J.P. Morgan Chase CEO Jamie Dimon got a 5 percent bump — $2 million — in his pay last year following record annual earnings for the company. Dimon’s full compensation for 2018 totaled $31 million, up from $29 million, according to an Securities and Exchange Commission filing released Thursday. The compensation includes a base salary
China has offered to make up the trade imbalance with the United States, telling U.S. trade negotiators that China will ramp its purchases of U.S. goods, Bloomberg News reported on Friday, citing officials familiar with the talks. Chinese officials made the offer during negotiations in Beijing earlier in January, the report said. This story is
Tiffany same-store sales fell 2 percent during the holiday shopping season as Chinese tourists bought less jewelry, the U.S. luxury jeweler said on Friday while tempering its outlook for annual earnings. During the November-December period, Tiffany’s net sales also fell, about 1 percent to $1.04 billion, and Chief Executive Officer Alessandro Bogliolo blamed softening demand
The NBA has been in London this week for a seventh time in eight years, as the organization continues its growth of the game on a global scale. The Washington Wizards and New York Knicks faced each other in front of a 19,000 sell-out crowd at the O2 Arena, giving fans a chance to see
The new tax law that took effect last year eliminated the so-called “marriage penalty” for many couples. For others, not so much. The term refers to paying more in taxes as a married couple than you would as two single filers. And depending on your income, the credits or deductions you use and where you
Fiat Chrysler Automobiles NV: “That was a CEO situation. It had a great CEO, and after [his death], we just can’t go there. Let it rally a little and then run. I’m sorry. I mean, it was just such a well-run company, but I’m not endorsing it anymore.” Brink’s Co.: “I think this Brink’s went
The presidency of Donald Trump has indirectly helped the real estate market in South Florida, Miami property magnate Gil Dezer told CNBC on Thursday. Dezer, who runs his billionaire family’s real estate empire, said prices of his firm’s Trump-branded properties in Florida have been pumped up by the president’s popularity there. “We shouldn’t forget that
Jack Bogle was famous for making investing accessible to the everyday person through index funds – funds that match a market barometer like the S&P 500. His message was simple: why waste money on expensive fees and commissions for complex funds when market barometers often outperform them? That message remained remarkably consistent throughout his career.
All eyes will be watching Netflix Thursday as the streaming giant reports earnings after the bell. The company raised prices earlier this week 13 to 18 percent with most analysts and investors cheering the move. Since then Goldman raised their price forecast to $420 from $400 and Thursday morning, Guggenheim upped their price target to
The stock market’s positive response to a report that U.S. officials were considering lifting tariffs on China to get a trade deal was telling, but it wasn’t necessarily good, CNBC’s Jim Cramer said Thursday. “Stocks that had been crushed on Chinese worries roared higher like this arrangement was already a done deal” despite the report
If you want to keep your child from graduating with insurmountable debt, put down the glossy college brochures and break out your calculators. More than 6 out of 10 students polled by College Ave Student Loans said they feel they have a good understanding of the different types of loans and payments available. Yet nearly
Snap stock has all but given up the ghost. The social network was worth $31 billion after its public debut in March 2017. Now it’s less than $8 billion. The stock took another tumble Wednesday, dropping 13 percent in its worst performance since May, after the hasty exit of Chief Financial Officer Tim Stone just
It was in the early 1990s, after three or four years as a correspondent at CNBC, that it became obvious to me: the vast majority of active managers rarely beat their benchmarks. Sure, there was Bill Miller (Legg Mason Value) and Peter Lynch (Fidelity Magellan Fund), but they were distinguished by their rarity: they were
CSX on Wednesday reported quarterly profit that topped Wall Street’s expectations, but shares fell 2 percent after the No. 3 railroad operator forecast less robust revenue growth for 2019. CSX forecast low single-digit revenue growth for 2019 on the heels of 7.4 percent growth last year. Chief Executive James Foote told Reuters the outlook reflects
Without Babies R Us, Target sees an opportunity to double down on its own baby business. The retailer is expanding its in-house brand Cloud Island, which currently sells items like crib sheets, stuffed animals and baby bath toys, to include essential items like diapers, wipes, toiletries, utensils and bowls. The launch of about 30 new
It’s no secret that women are lagging behind their male counterparts in the financial industry. So it should come as no surprise that Citi — one of the world’s largest banks — said Wednesday that itsfemale employees earn 29 percent less than its male employees globally. But it’s not just about a pay gap —
Jack Bogle, who founded Vanguard Group, an investing juggernaut now with more than $5.1 trillion in assets under management, and created the world’s first index mutual fund, has died. He was 89. Bogle, who preached buy and hold investing, was considered one of the world’s greatest investors. His index mutual fund enabled investors to achieve
Check out the companies making headlines after the bell: Shares of CSX dropped about 2 percent after hours on Wednesday. The rail transportation company reported an earnings beat on the top and bottom line. CSX earned $1.01 per share this quarter, beating Wall Street’s estimates slightly. The company’s quarterly revenue was $3.14 billion. CSX also
Ford Motor on Wednesday offered a fourth-quarter earnings forecast that was below Wall Street’s expectations. The No. 2 U.S. automaker said it could see improvement in 2019 earnings and revenue as global industry sales remain flat, but it did not provide any figures. “For 2019, we see the potential for year-over-year improvement in company revenue,
The wealthiest Americans are still the hardest hit by stocks – but now, more than ever, the rest of the country feels the pinch of a decline in the market. “Household equity holdings have more than tripled as a share of disposable income at the aggregate level since the late 80s,” Goldman Sachs senior economist
It seems that nothing — not even a federal shutdown — will stop the IRS from kicking off tax season. The revenue agency has announced filing season would begin on Jan. 28. The IRS also said it would still send refunds to eligible filers amid the shutdown. Accountants warn this filing season may be a
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.
The Consumer Electronics Show — CES — is how tech starts the year. It’s a massive event in Las Vegas with halls full of booths, wall-to-wall people and companies competing to convince the world that they own the future. Jon Fortt and Julia Boorstin were there for CNBC, interviewing executives, taking in the news and
- « Previous Page
- 1
- …
- 3
- 4
- 5
- 6
- 7
- …
- 9
- Next Page »