Customers look at Apple’s new iPhone 11 series smartphones at an Apple retail store at the IFC Mall in Pudong New Area, Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Take a look at the companies making headlines after the bell. Apple – Apple stock rose 2.5% after it reported strong fourth-quarter […]
Tag: business news
United Airlines cuts some China flights as demand falls amid coronavirus
United Airlines on Tuesday said it is canceling dozens of China flights next month because of a “significant decline in demand” for service to the country as it battles the growing number of coronavirus cases. The Centers for Disease Control and Prevention on Tuesday recommended travelers avoid all nonessential travel to China while the Trump […]
Trump says the Fed should cut rates so the US could then ‘focus on paying off & refinancing debt’
President Donald Trump made another pitch to the Federal Reserve to lower interest rates, this time saying that doing so could help the U.S. pay down its burgeoning national debt. In a tweet Tuesday morning, the president said again that the central bank should cut its key lending rate so it’s more in line with […]
Why Netflix pricing may decrease as risk of subscriber losses grows
CEO Of Netflix, Reed Hastings, attends the red carpet during the Netflix presentation party at the Invernadero del Palacio de Cristal de la Arganzuela on April 4, 2019 in Madrid, Spain. Juan Naharro Gimenez | Getty Images The record number of Golden Globe and Oscar nominations, better-than-expected Q4 revenue and 8.8 million new international subscribers […]
Chinese firm allowed limited access to UK 5G network
A Huawei logo is pictured at their store at Vina del Mar, Chile July 18, 2019. Rodrigo Garrido | Reuters Britain will allow Chinese telecommunications giant Huawei to play a limited role in its next generation 5G mobile networks. The U.K. government said that Huawei will be restricted from being involved in “sensitive functions” in […]
Why Apple CEO Tim Cook invested in the Nebia by Moen shower head
A San Francisco startup named Nebia, backed by some of the biggest names in technology, released a $199 shower head this week. It promises to provide a hotter, more satisfying shower using less water than traditional models. I went to their offices, disrobed and took a 10 minute shower. I’ll tell you what it’s like. […]
Falling bond yields on coronavirus may stunt bank profits
U.S. Treasury yields are sliding, and that could negatively impact financial institutions, CNBC’s Jim Cramer said Monday. “Worries about a worldwide slowdown mean people will buy [U.S.] Treasurys, and when people buy Treasurys, interest rates go down,” the “Mad Money” host said. “Lower long-term rates translate to lower earnings for the banks, which is why […]
Bath & Body Works could see soap sales surge as coronavirus spreads
Roberto Machado Noa | LightRocket | Getty Images Bath & Body Works owner L Brands could be poised to benefit from an increase in sales of its soaps and hand sanitizers as consumers try to protect themselves from the spread of the deadly coronavirus, an analyst said Monday. The retailer “could experience (and meet) a […]
US new home sales drop in December for the third straight month
Home under construction in Montgomery, Illinois. Daniel Acker | Bloomberg | Getty Images Sales of new U.S. single-family homes unexpectedly fell in December, likely held down by a shortage of more affordable homes, but the housing market remains supported by lower mortgage rates. The Commerce Department said on Monday new home sales slipped 0.4% to […]
J&J ‘pretty confident’ it can create China coronavirus vaccine
Johnson & Johnson’s chief scientific officer, Dr. Paul Stoffels, told CNBC on Monday that he believes the drugmaker can create a vaccine in the coming months to fight against the fast-spreading coronavirus. But he said it could take up to a year to bring it to market. “We have dozens of scientists working on this […]
