Ethan Brown, founder and CEO of Beyond Meat, prepares to ring the opening bell to celebrate his company’s IPO at the Nasdaq Market site in New York, May 2, 2019. Brendan McDermid | Reuters Beyond Meat stock jumped on Thursday and that’s putting pressure on the hundreds of millions of dollars that investors have bet
Month: September 2019
People walking in front of modern office buildings, in Canary Wharf, London. Easyturn | E+ | Getty Images Big banks know they need to change with the times. And to do that, many are striking partnership deals or buying into nimble start-up competitors as an alternative to building out costly internal technology projects. That was
A shopper makes a purchase at a Best Buy store in Corpus Christi, Texas. Eddie Seal | Bloomberg | Getty Images Best Buy is targeting $50 billion in revenue by fiscal 2025, the company announced Wednesday morning ahead of a meeting with investors in New York. The company also said in a press release it
CNBC’s Jim Cramer explains why Wall Street fears a potential Elizabeth Warren presidency and where investors should put their money. The “Mad Money” host makes recommendations on the stocks of Herman Miller, Steelcase and Peloton after its new public listing. Cramer sits down with Taylor Morrison CEO Sheryl Parker and learns that millennial home buying
If the ups and downs of the stock market have you wondering what to do, you’re not alone. Stocks tanked in August, neared record highs in September and Goldman Sachs is predicting a wild ride in October. On top of that, a recent UBS survey found that 55% of the ultra-rich see a recession by
Intel logo exhibited during the Mobile World Congress, on February 28, 2019 in Barcelona, Spain. Joan Cros | NurPhoto | Getty Images The U.S. might be behind China in the race to 5G, and top American telecom executives are watching. “They are going at it with a lot of intensity,” Qualcomm CEO Steve Mollenkopf said
Arianna Huffington speaks onstage in “Digital Detox” on day 2 of POPSUGAR Play/Ground on June 10, 2018 in New York City. Brian Ach | Getty Images Entertainment | Getty Images When Arianna Huffington spoke at a women’s conference hosted by Alibaba and its co-founder Jack Ma, she wasn’t expecting career advice from Ma himself. It
President Donald Trump warned in a tweet Thursday amid the Ukraine whistleblower inquiry that the stock market would melt down if Congress successfully impeached him. “If they actually did this the markets would crash. Do you think it was luck that got us to the best Stock Market and Economy in our history. It wasn’t,”
Pedestrians cross a street in front of a Rite Aid store in Oakland, California. David Paul Morris | Bloomberg | Getty Images Rite Aid’s stock surged by about 9% in pre-market trading Thursday after reporting better-than-expected earnings under new CEO Heyward Donigan. The pharmacy chain’s overall sales, however, fell short of analysts’ forecasts for its
ABC’s “Modern Family” Peter “Hopper” Stone | Disney ABC Television Group | Getty Images Goodbye, summer. Hello fall. While the days are getting cooler, television is just heating up. Starting this week, networks, premium channels and streaming platforms have started to premiere their new shows and launch fresh seasons of old favorites. There are dozens
2020 Democratic U.S. presidential candidate and U.S. Senator Bernie Sanders speaks during a campaign event in West Branch, Iowa, August 19, 2019. Al Drago | Reuters There could be a new factor to your credit score: the president of the United States. Democratic candidate Bernie Sanders wants to eliminate the private credit reporting companies and
President Donald Trump speaks to reporters as he meets with Australia’s Prime Minister Scott Morrison in the Oval Office of the White House in Washington, U.S., September 20, 2019. Jonathan Ernst | Reuters As U.S. stocks climb and fall in response to President Donald Trump‘s words (and tweets), some traders are voicing skepticism over the
European stocks are set to open slightly higher on Thursday amid hopes that the U.S. and China will be able to resolve their protracted trade battle. European Markets: FTSE, GDAXI, FCHI, IBEX Britain’s FTSE is seen rising 4 points to 7,287, Germany’s DAX up by 9 points at 12,239, and France’s CAC up 8 points
Shoppers At Niketown Store In San Francisco. David Paul Morris | Bloomberg | Getty Images Nike‘s stock is on pace to open at an all-time high on Wednesday morning after hitting one in extended trading on Tuesday, on the heels of the company’s better-than-expected earnings report. Shares were last up nearly 6%, trading around $92.15.
D23 EXPO 2019 – The Ultimate Disney Fan Event – brings together all the worlds of Disney under one roof for three packed days of presentations, pavilions, experiences, concerts, sneak peeks, shopping, and more. The event, which takes place August 23 – 25 at the Anaheim Convention Center, provides fans with unprecedented access to Disney
Jamie Grill | Getty Images Slow down as you pick out your employee benefits for next year. Your household finances could depend on it. Open enrollment season — a period in which employees update their insurance coverage and other perks for the upcoming year — is just around the corner. It’s tempting to merely choose
Adam Neumann, CEO of WeWork. Eduardo Munoz | Reuters In just the last 24 hours, the CEOs of WeWork, eBay and Juul have all stepped down from their posts, the continuation of a record-setting pace of exits this year by the heads of U.S. businesses. U.S. based companies announced 159 CEO changes in August, 28%
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the Bloomberg Global Business Forum in New York, on Wednesday, Sept. 25, 2019. Tiffany Hagler-Geard | Bloomberg | Getty Images Jamie Dimon once pitched Disney CEO Bob Iger on his idea for a kind of corporate romantic comedy. “It was about a woman
A remote control is seen being held in front of a television running the Netflix application Jaap Arriens | NurPhoto | Getty Images Credit Suisse just joined a slew of analysts worried about Netflix‘s earnings. Shares of the streaming video giant turned negative for the year this week, prompting many Wall Street analysts including KeyBanc
Former FDA Commissioner Scott Gottlieb blamed a sudden outbreak of what resembles a rare type of pneumonia in young adults on illegal and unregulated vaping products that have flooded the market in recent years. “It’s not clear that these acute lung injuries are being caused by the legally sold regulated products, which FDA does oversee the manufacture
Democratic presidential candidate Sen. Bernie Sanders (I-VT), former Vice President Joe Biden, and Sen. Elizabeth Warren (D-MA) interact on stage during the Democratic Presidential Debate at Texas Southern University’s Health and PE Center on September 12, 2019 in Houston, Texas. Win McNamee | Getty Images When it comes to changes to Social Security, Sen. Elizabeth
Michael Nagle | Bloomberg | Getty Images Stocks were set for a muted open on Wednesday even after House Speaker Nancy Pelosi said she will launch a formal impeachment inquiry on President Donald Trump. Dow Jones Industrial Average futures were up 14 points after the 6 p.m. open, implying a gain of 44 points at
Amazon CEO Jeff Bezos announces Blue Moon, a lunar landing vehicle for the Moon, during a Blue Origin event in Washington, DC, May 9, 2019. Saul Loeb | AFP | Getty Images Jeff Bezos would pay about $9 billion in taxes this year under Sen. Bernie Sanders’ proposed wealth tax. As part of his primary campaign
US Secretary of State Mike Pompeo (L) reacts as he is shown the way by China’s Foreign Minister Wang Yi (R) before they proceed to their meeting at the Diaoyutai State Guesthouse in Beijing on October 8, 2018. Andy Wong | AFP | Getty Images Chinese State Councilor and Foreign Minister Wang Yi said in
This photo taken on July 19, 2018 shows a worker loading sacks of animal feed made from soybeans at the Hopefull Grain and Oil Group in Sanhe, in China’s northern Hebei province. The company is currently using soybeans imported from Brazil, after recently changing from U.S. soybeans. Greg Baker | AFP | Getty Images In
Phil Ashley | Stone | Getty Images Chances are, your savings are getting eaten up by inflation. That is because the average interest rate on a traditional savings account is 0.1% annual percentage yield. Meanwhile, the U.S. inflation rate is currently 1.7%. To help combat that problem, more companies are providing high-interest accounts to help
Chief executive officer and chairman of The Walt Disney Company Bob Iger walks on the floor of the New York Stock Exchange (NYSE) before ringing the opening bell, November 27, 2017 in New York City. Getty Images Disney‘s entrance into video streaming sets it up to dominate the media industry, according to Wells Fargo. The
Democratic presidential candidate Sen. Bernie Sanders (I-VT) (R) and Sen. Elizabeth Warren (D-MA) greet each other at the start of the Democratic Presidential Debate at the Fox Theatre July 30, 2019 in Detroit, Michigan. Justin Sullivan | Getty Images News | Getty Images Sen. Bernie Sanders unveiled a tax on wealth Tuesday as he aims
Xinhua News Agency | Xinhua News Agency | Getty Images The latest proof of a U.S. economic slowdown is in, and this time it came from a computer analysis. Barclays used a machine learning tool to analyze company managements’ commentary on capital expenditures during earnings calls. The result revealed a weaker corporate sentiment, where companies
Todd Haselton | CNBC Canada’s BlackBerry on Tuesday cut the top end of its current fiscal-year revenue forecast and posted lower-than-expected quarterly revenue, hit by weak demand for its software amid increasing competition. U.S.-listed shares of the company fell nearly 12% before the bell. Once known for its phones, BlackBerry has pivoted to selling software
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