View of the 20th Century Fox emblem in the course of the CinemaCon Walt Disney Studios Motion Pictures Special presentation on the Colosseum Caesars Palace on April 3, 2019, in Las Vegas, Nevada. Nearly a yr after buying 21st Century Fox’s movie and tv belongings, Disney is dropping the Fox identify from its […]
Tag: Business
Boeing expected to take another big, ugly charge on 737 Max crisis
A 12 months in the past, Boeing posted file revenues topping $100 billion with hopes of delivering a chart-topping variety of airplanes in 2019, together with a whole bunch of 737 Max jetliners. The information is not going to be so rosy on its fourth-quarter earnings name this 12 months. Those bestselling planes had been […]
Satya Nadella credits Ballmer for pushing Microsoft to cloud: Cramer
Microsoft’s stock price has more than quadrupled since Satya Nadella took over as CEO six years ago, thanks to the company’s rapid growth in cloud computing. But Nadella credits his predecessor, the louder and more outspoken Steve Ballmer, for making the decision to take on Amazon Web Services in cloud infrastructure, where Microsoft is now […]
US-China phase one deal brings some relief, but uncertainty remains
A partial trade deal signed by the U.S. and China gives some relief to the market but doesn’t remove uncertainty, analysts said. “There’s a great sense of welcome that the deal was signed and a little bit of relief, naturally, and some measured optimism about how we can move forward,” said Gregory Gilligan, chairman of […]
Target (TGT) holiday 2019 sales fall short of estimates
Target was expected to be a winner this holiday season, amidst a sea of disappointing reports. But the big-box retailer said Wednesday that its holiday sales were weaker than planned. Its shares tumbled more than 8% on the news. Walmart, which hasn’t reported holiday results, also traded lower. Its stock was last down about 2%. […]
Senators propose over $1 billion for 5G alternatives to China’s Huawei
Sen. Mark Warner (D-VA) Drew Angerer | Getty Images A bipartisan group of senators introduced legislation Tuesday that would pump more than $1 billion into developing Western 5G equipment alternatives to China’s Huawei. Reasoning that Huawei has been “heavily subsidized by the Chinese government,” the Utilizing Strategic Allied (USA) Telecommunications Act would help Western firms […]
Delta (DAL) earnings Q4 2019
A Delta Air Lines Boeing 767-300 landing in Amsterdam. Nicolas Economou | NurPhoto | Getty Images Delta Air Lines’ fourth quarter profits topped Wall Street’s expectations, as lower fuel prices and strong travel — particularly for high-priced premium tickets — demanded lifted the Atlanta-based carrier’s results. Before the market opened on Tuesday, Delta reported per-share […]
China December 2019 trade, imports, exports
Shipping containers sit stacked at Qingdao Port after snow on February 14, 2019 in Qingdao, Shandong Province of China. Visual China Group | Getty Images China’s dollar-denominated exports and imports were both higher in December, Reuters reported citing data from the General Administration of Customs. In December, dollar-denominated exports rose 7.6% on-year, against a 1.3% drop […]
Barr says Apple not providing ‘substantive assistance’ on locked iPhone
U.S. Attorney General William Barr speaks at the International Conference on Cyber Security at Fordham University School of Law on July 23, 2019 in New York City. Drew Angerer | Getty Images Attorney General William Barr said during a press conference on Monday that Apple had not helped the FBI crack into password-protected iPhones used […]
Jim Cramer’s ‘Mad Money’ recap & stock picks Jan. 13, 2020
CNBC’s Jim Cramer warned the recent gains in Alphabet could be short lived when the company reports earnings in coming weeks. The “Mad Money” host broke down the movements in other stocks that he said aren’t “momentum” based. Later in the show he sat down with GlaxonSmithKline CEO Emma Walmsley and CVS Health CEO Larry […]
