Pedestrians pass in front of the Tiffany & Co. flagship store on Fifth Avenue in New York, U.S., on Saturday, Nov. 26, 2016. Mark Kauzlarich | Bloomberg | Getty Images Tiffany & Co. on Wednesday reported quarterly earnings that topped analysts’ expectations but sales that missed, also maintaining its previously lowered outlook for the full
Month: August 2019
Elon Musk (R) and Jack Ma speak onstage during the the World Artificial Intelligence Conference in China on August 29, 2019. Hector Retamal | AFP | Getty Images Tesla CEO Elon Musk on Wednesday said that computers are getting smarter than humans in more and more spheres and that the trend will continue. “We will
If you live in a hurricane-prone area, now’s a good time to check your insurance and how financially prepared you’d be if disaster were to strike. While the 2019 Atlantic hurricane season has been a quiet one so far, Dorian is on track to disrupt that. The storm, expected to cross over Puerto Rico and
Basketball legend-turned-business mogul Shaquille O’Neal told CNBC on Wednesday about the worst investment he ever made. O’Neal mentioned an unnamed paper company that allegedly promised him fraudulent deals. A guy who owned this paper company said he had all these deals in all the schools and with the government. … Turned out to be a
If you’re heading out on an end-of-summer road trip this Labor Day, you might find yourself spending less on fuel and more on food and fun. That’s thanks to what may be the lowest average nationwide gasoline rates for this holiday weekend in three years, according to AAA. Today’s average price of just more than
Nutanix IPO celebration at the Nasdaq market site in New York, September 30, 2016. Source: Nasdaq Check out the companies making headlines after the bell: Shares of Nutanix soared 18% in extended trading after the company announced a lower-than-expected loss for the fourth quarter. The cloud platform company reported a fourth-quarter adjusted loss per share of
Traders work at the Coty booth on the floor of the New York Stock Exchange. Jin Lee | Bloomberg | Getty Images Coty reported a wider quarterly loss, hurt by a $3 billion writedown in value of its consumer beauty brands, a part of the cosmetics maker’s restructuring plan to turn around the business. The
Promotional still of Rise of the Resistance, a new ride coming to Disney’s Star Wars: Galaxy’s Edge in Orlando and Anaheim. Disney The resistance is recruiting and you answer the call. Tucked away in the old outpost on Batuu is a winding path that leads to a secret base, the home of resistance fighters like
Hillary Kladke | Moment | Getty Images Trying to time the stock market is considered a fool’s errand. Yet is it ever a good idea to move entirely to cash? The answer from financial advisors is typically an emphatic no. Some, however, offer a caveat. “If you have all the money you’ll ever need, and
A customer stands at a counter inside a Verizon Wireless retail store in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Here are the biggest calls on Wall Street on Tuesday: Wedbush added Zynga to the ‘best ideas’ list Wedbush is bullish on Zynga‘s upcoming slate of new releases. “We think that key titles
Paul J. Richards | AFP | Getty Images Check out the companies making headlines after the bell: Shares of Autodesk nosedived 10% in extended trading after announcing the trade war could hurt its financials. The software company’s third-quarter adjusted earnings per share guidance of 70 to 74 cents fell below the estimated earnings per share
Ethos co-founders Lingke Wang, left, and Peter Colis, right. Ethos Ethos, the Silicon Valley start-up taking on America’s life insurance industry, just snagged $60 million in funding. The San Francisco-based company announced on Wednesday that it raised the fresh funds in a Series C round led by GV, Alphabet’s venture arm, and backed by Goldman Sachs. Existing
Democratic 2020 U.S. presidential candidate and former Vice President Joe Biden reacts during a campaign Community Event at Keene State College in Keene, New Hampshire, U.S., August 24, 2019. Elizabeth Frantz | REUTERS After an event at Keene State College in New Hampshire over the weekend, a student walked up to Democratic presidential candidate Joe
A pack of Marlboro brand cigarettes is arranged for a photograph in Tiskilwa, Illinois. Daniel Acker | Bloomberg | Getty Images Tobacco giants Philip Morris and Altria confirmed on Tuesday they were in merger talks, making one or multiple traders millions of dollars, according to trader and CNBC contributor Jon Najarian. Najarian highlighted unusual activity
The Chartwell Estate Photograph by Jim Bartsch, courtesy of the Estate of Jerry Perenchio This elegant French chateau-style estate in Bel Air, California, which recently got a $50 million price chop, is the most expensive residence currently for sale in America. And CNBC is the first to get an exclusive look inside the $195 million
Trader on the floor of the New York Stock Exchange. Lucas Jackson | Reuters For the first time since the financial crisis, stocks are earning more for investors than key long-term Treasury bond. The U.S. 30-year yield dropped below the S&P 500‘s dividend yield on Tuesday. It’s the first time since March of 2009 —
Getty Images North America Peloton, best known for at-home fitness equipment and accompanying streaming fitness services, revealed Tuesday growing sales but widening losses ahead of its IPO, in documents filed with regulators. Peloton reported $915 million in sales for fiscal year ended June 30, 2019, up 110% from $435 million in fiscal 2018. In fiscal
Are you the type of traveler who sleeps on top of hotel bedspreads? Or worries about bringing home stowaway bedbugs from vacation? Do you find dingy hallways depressing? In that case, you may want to check out — and into — hotels in these 20 hyper-hygienic U.S. destinations, as determined by AAA’s Best of Housekeeping
Investors should be wary when it comes to trusting China over President Donald Trump, CNBC’s Jim Cramer said Monday. “I’m aghast we trust the People’s Republic of China more than we trust the White House,” Cramer said on “Squawk Box.” “The predominance of coverage this morning is that the President is lying. I’m not willing
European shares traded slightly lower on Tuesday, with investors monitoring the potential recommencement of U.S.-China trade talks and unfolding developments in Italian politics. European Markets: FTSE, GDAXI, FCHI, IBEX The pan-European Stoxx 600 slipped 0.2% in the opening minutes of trade, autos, construction and chemicals stocks leading losses with 0.5% declines while utilities edged 0.3%
Johnson & Johnson, the conglomerate that makes every thing from pharmaceutical drugs to consumer packaged goods, was dealt a $572 million set back by an Oklahoma judge for having a hand in igniting the state’s opioid epidemic. It’s the first court case where an American drugmaker was found responsible for influencing the opioid crisis, which
Engineers assemble intelligent robots at Chuangze Intelligent Robot Co., Ltd. on April 29, 2019 in Rizhao, Shandong Province of China. Zhang Jingang | Visual China Group | Getty Images Your college major has a huge impact on the size of your paycheck later on. Pharmacy majors earn a median salary of $100,000, while music majors
Apple CEO Tim Cook visits an Apple store in Shanghai, China. Aly Song | Reuters Apple’s stock is helping lead U.S. stocks higher on Monday, buoyed by the possibility of re-opened trade negotiations with China, but a couple of Wall Street firms say the technology giant is better positioned than some might think even if
RIYADH, Saudi Arabia — Crown Prince Mohammad bin Salman hopes to see tourism contribute 10% of Saudi Arabia’s gross domestic product by 2030 — and the country plans to tap everything from a 2,000-year-old UNESCO heritage site to the “the longest, tallest and fastest roller coaster in the world” to make it happen. Next month,
Traders work after the closing bell at the New York Stock Exchange (NYSE) on August 12, 2019 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images Remember the brutal sell-off last year when stocks suffered their worst December since the Great Depression? Something worse than that could happen in days,
Tim Cook, CEO, Apple Brendan McDermid | Reuters Apple CEO Tim Cook has donated 23,700 Apple shares to charity, according to a SEC filing published on Monday. At Monday’s opening price of $205.86, the donation comes out to a value of $4.87 million. The shares were held through Cook’s trust, according to the SEC filing.
It’s no secret that today’s markets are uncertain. Between recent triple-digit drops to the Dow Jones Industrial Average and renewed fears of a looming recession, this year’s record run-up on stocks has been put on pause. Whether that’s just a blip or signs of a prolonged downturn is to be determined. In times like these,
Republican presidential candidate Donald J. Trump speaks at the Saint Andelm College New Hampshire Institute of Politics in Manchester, New Hampshire June 13, 2016. Timothy A. Clary | AFP | Getty Images The White House is reportedly discussing a variety of options to try to juice U.S. economic growth ahead of the 2020 election, including
The U.S. flag flies at a welcoming ceremony between Chinese President Xi Jinping and U.S. President Donald Trump in 2017. Getty Images News | Getty Images China’s state media put up a brave front after the country’s trade war with the U.S. escalated sharply over the weekend. The latest round of the dispute kicked off
Starbucks Pumpkin Spice Latte and the Pumpkin Cream Cold Brew Source: Starbucks Sixteen years after introducing the pumpkin spice latte, Starbucks is finally bringing a new pumpkin drink to its fall menu: the pumpkin cream cold brew. Starbucks started working on the new cold brew drink earlier this year, landing on a drink made with
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