Beyond Meat plant-based burger patties. Source: Beyond Meat Check out the companies making headlines after the bell: Shares of Beyond Meat tanked as much as 15% after the bell despite the company’s raised revenue guidance and third-quarter earnings that topped expectations. The alternative plant-based meat company raised its revenue guidance from at least $240 million
Month: October 2019
Randall Stephenson, CEO of AT&T, speaking at the Business Roundtable CEO Innovation Summit in Washington, DC. on Dec. 6th, 2018. Janhvi Bhojwani | CNBC AT&T said on Monday it would consider adding two new board members and selling off up to $10 billion worth of non-core businesses next year, bowing to pressure from activist investor
CNBC’s Jim Cramer attributes the market’s rise to record levels to both consumer and business demand. The “Mad Money” host breaks down how performances in luxury brands reflect consumer strength. Later in the show Cramer lays out what the $10 billion defense contract awarded to Microsoft means for the computer maker’s cloud services. Demand is
Traders work on the floor of the New York Stock Exchange Lucas Jackson | Reuters Positive signs on the U.S.-China trade talks prompted investors to dive into stocks again, and J.P. Morgan believes the rally is here to stay and the market could reach the bank’s 2020 target eight months early. “Looking ahead, given improving
Sen. Elizabeth Warren, who has been surging in Democratic presidential polls, has been softening her attacks on the rich and could win the White House, a billionaire investment titan and major Democratic donor told CNBC on Thursday. “I think she’s pivoting. I think she could win the election because she’s smart, she’s witty and she
Check out the companies making headlines before the bell: Tiffany – Tiffany was approached by French luxury goods maker LVMH about a possible acquisition. LVMH did not give financial details about its bid, but multiple reports say it is an all-cash bid of about $120 per share. That would value Tiffany at about $14.5 billion
A trading post sports the Spotify logo on the floor of the New York Stock Exchange, Tuesday, April 3, 2018. Richard Drew | AP Spotify Technology posted a surprise profit on Monday and topped Wall Street’s expectations for revenue as the music streaming company added slightly more subscribers than expected for its premium service. The
Virgin Galactic’s spacecraft Unity drops from underneath its carrier aircraft before flying to space in February 2019. Virgin Galactic | gif by @thesheetztweetz Virgin Galactic shares rose to begin its first day of trading on the New York Stock Exchange, as the space tourism company’s stock began trading publicly following its merger with Chamath Palihapitiya’s
Barclays told clients it’s “still early” to buy the dip on Amazon, as the e-commerce giant’s period of heavy investment could hurt financials and the stock further before things get better. “Historically it’s a good idea to buy AMZN shares in the 7th-8th inning of its investment cycles, closer to where we are coming out,
100 years old birthday cake to old woman elderly celebration funny humor MEDITERRANEAN | E+ | Getty Images You can never be too old for a surprise tax bill from the IRS. Whether you’re a business owner or an individual with an elaborate estate, you may use cash value life insurance to solve any complex
(This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) We’ve been here before – several times, and not long ago. A plodding but steady rally is drawing the S&P 500 toward a new record high as investors lean on modest interest
Amazon Founder and CEO Jeff Bezos addresses the audience during a keynote session at the Amazon Re:MARS conference on robotics and artificial intelligence at the Aria Hotel in Las Vegas, Nevada on June 6, 2019. Mark Ralston | AFP | Getty Images Amazon is expected to show more signs of growth when it reports its
NEW YORK CITY – SpaceX President and COO Gwynne Shotwell outlined plans for its two development programs at a recent investor conference, giving her forecast for when the company will fly people on its next-generation rocket and begin offering internet from its satellite network. The company has raised more than $1.3 billion this year to
A long-running index shows that financial happiness in the U.S. is slipping, despite continued economic strength. The American Institute of CPA’s quarterly Personal Financial Satisfaction Index, released Thursday, shows a 3.6% decline from the previous reading — which also had posted a slight dip. At the same time, however, the latest reading of 37.3 remains
Grim as it may be, backup-generator maker Generac Holdings is soaring as power cuts in California become the norm. The stock opened at a new all-time high on Friday, and is up 85% for the year. This week PG&E announced another large-scale preemptive power cut for hundreds of thousands of customers in California. PG&E is
A visual representation of bitcoin S3studio | Getty Images The rapid pace of technological change provides a breathtaking opportunity to challenge and change the world. We are moving toward a technology space that is swift, connected and digitized. This will not only reshape industries but also the regulatory frameworks around them. With this in mind,
Bob Iger, CEO, The Walt Disney Company Scott Mlyn | CNBC It might seem like media companies are finally embracing the future as nearly every major programmer is launching a streaming service. But examining the streaming products of AT&T‘s WarnerMedia, Disney and Comcast‘s NBCUniversal in isolation, a different concept reveals itself. The giants of media
Intel Pentium CPU photographed after Intel revealed information about major flow in the chipsets. JP Black | LightRocket | Getty Images Intel stock jumped as much as 8% in extended trading on Thursday after the chipmaker beat third-quarter earnings expectations and reignited revenue growth. Here are the key numbers: Earnings: Excluding certain items, $1.42 per
Getty Images ‘Tis the season to spend a lot of money. Between buying gifts, booking travel and attending holiday parties, there are plenty of ways to splurge in the months ahead, regardless of whether Americans can afford it. The National Retail Federation said it expects holiday retail sales to rise between 3.8% and 4.2% over
If you’re going to make Medicare coverage changes that include dropping or buying a supplemental plan — aka, Medigap — make sure you know the rules that come along with it. Medicare’s annual open enrollment period — now underway through Dec. 7 — allows you to switch various parts of your coverage for next year.
Democratic presidential candidate, Sen. Elizabeth Warren (D-MA) greets an overflow crowd outside of a town hall event on August 17, 2019 in Aiken, South Carolina. Sean Rayford/Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) It’s been a tough
Facebook CEO Mark Zuckerberg is back in Washington this week arguing for libra, the digital currency his company created. This, after he last week made the case in front of an audience at Georgetown University that Facebook’s future, its past and its reason for being are all tied up in free speech. So, what’s at
Jon Najarian Scott Mlyn | CNBC (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) Options trading can be tough but they can give investors’ strategies an edge. At least, that has been the case for Market Rebellion co-founder and CNBC contributor
Amazon‘s third-quarter earnings fell short of street expectations on Thursday, driving its stock down as much as 9% in after hours trading. It also gave dismal revenue guidance for the holiday shopping season, spooking investors who were expecting a huge pay off from Amazon’s growing investments across the company. Here’s what the company reported versus
The new series “Watchmen,” based on the comic by writer Alan Moore, premiered last weekend on HBO, and according to The Daily Beast, it’s the latest victim of “review bombing.” However, if the perpetrators are hoping to sink the show, they’re unlikely to succeed. For those not in the know, “review bombing” is what happens
A. Wayne Johnson Mirco Lazzari gp | Getty Images A senior government official appointed by Education Secretary Betsy DeVos resigned on Thursday, saying the current student loan system is “fundamentally broken” and calling for billions of dollars in debt to be forgiven. A. Wayne Johnson was hired as the chief operating officer of the Office
Tim Cook presents at the Apple launch event in Cupertino, Calif on Sept. 10th, 2019. Source: Apple (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) Here are the best analyst calls on Wall Street this week: Morgan Stanley- Apple, Overweight rating
Democratic presidential candidate Elizabeth Warren‘s wealth-tax is not the right idea when it comes to raising government revenue and reducing income inequality in America, billionaire and longtime Democrat Ron Baron told CNBC on Friday. “I don’t think Elizabeth Warren would be successful … if she were chosen president in getting through the policies that she’s proposing,”
Robinhood COO Gretchen Howard Source: Colson Griffith Photography. (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) It was early January — just one month after stock-trading start-up Robinhood announced a failed checking and savings product. It was also Gretchen Howard’s first
A driver for Brewers Distributing Co., loads a hand truck with Anheuser-Busch beer during a delivery at Hole In The Wall Saloon in Pekin, Illinois. Daniel Acker | Bloomberg | Getty Images Shares in Anheuser-Busch InBev tumbled 10% on Friday after the world’s largest brewer lowered profit growth forecasts for this year after drinkers in
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