LOS ANGELES – Smaller subscriber losses and a beat on the top and bottom lines were the highlights of Disney‘s fiscal first-quarter earnings report. While the company’s linear TV and direc...
Tag: business news
Capri reports revenue down in Michael Kors, Versace, Jimmy Choo
A general view outside of a Michael Kors location Christopher Jue | Michael Kors | Getty Images Shares of Michael Kors owner Capri Holdings plunged 23% Wednesday after the company missed earnings expe...
Southwest Senate testimony on holiday meltdown to tout fixes
A Southwest Airlines passenger jet lands at Chicago Midway International Airport in Chicago, Illinois, on December 28, 2022. Kamil Krzaczynski | AFP | Getty Images Southwest Airlines plans to apologiz...
SpaceX prepares to test fire all 33 Starship engines at once
Starship prototype 24 stacked on top of Super Heavy booster prototype 7 at the company’s facility near Brownsville, Texas on January 9, 2023. SpaceX WASHINGTON – SpaceX President Gwynne Shotwell...
Netflix password-sharing crackdown launches in four countries
Netflix sign in page displayed on a laptop sscreen and Netflix logo displayed on a phone screen are seen in this illustration photo taken in Krakow, Poland on January 2, 2023. Jakub Porzycki | Nurphot...
These are the 10 most rent-burdened metro areas in the U.S.
Spencer Platt | Getty Images News | Getty Images New York is the most rent-burdened metro area in the U.S., according to a new report from Moody’s Analytics. A household with the median income i...
Movie theaters get creative with concessions
The AMC Empire 25 near Times Square is open as New York City’s cinemas reopen for the first time in a year following the coronavirus shutdown, on March 5, 2021. Angela Weiss | AFP | Getty Images...
Banks on wheels are temporary solution for underbanked areas
A banking van for the Lower East Side People’s Federal Credit Union parked on the curb of West Tremont Avenue in The Bronx. Rebecca Picciotto | CNBC NEW YORK – Parked on the curb of West Tremont...
NFL, World Cup ad revenue boost results
Striker, The U.S. Soccer Star balloon from Fox Sports is waked in the 2022 Macys Thanksgiving Day Parade past Columbus Circle in honor of the U.S. Mens National Team competing in the 2022 FIFA World C...
Pressure on China’s factories grows as U.S. demand falls
Employees work on an electronics production line on Feb. 2, 2023, at a factory in Longyan, Fujian province in China. China News Service | China News Service | Getty Images BEIJING — For some factories...
Solar tech company Nextracker expected to price at upper end of range in good sign for IPO market
choja | E+ | Getty Images The solar technology company Nextracker is expected to price its initial public offering at the high end of its stated $20 to $23 per share range, people with knowledge of th...
Stocks moving big after hours: DIS, MAT, WYNN
Barbie dolls in the Mattel display at the annual Toy Fair in New York. Stan Honda | AFP | Getty Images Check out the companies making headlines in extended trading. Disney — Shares of the entertainmen...
Fed Governor Christopher Waller warns that interest rates could go higher than expectations
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday...
CVS, FTNT, LUMN and GOOGL
Rafael Henrique | Lightrocket | Getty Images Check out the companies making headlines in midday trading Wednesday: Lumen Technologies — Shares fell 22.5% after the cloud network data company reported ...
FTX bankruptcy fees near $20 million for 51 days of work
The FTX logo on a laptop screen. Andrey Rudakov | Bloomberg via Getty Images FTX’s top bankruptcy, legal, and financial advisors have billed the company more than $19.6 million in fees for work ...
Uber, Chipotle, Microsoft and more
Check out the companies making headlines in premarket trading. Uber said it is “currently responding to a cybersecurity incident” after reports that a hacker compromised its systems. Rafae...
Under Armour (UAA) Q3 earnings 2023
Under Armour shoes are seen inside of a store on November 03, 2021 in Houston, Texas. Brandon Bell | Getty Images Under Armour reported holiday quarter earnings Wednesday that beat Wall Street’s...
Yum Brands (YUM) earnings Q4 2022
Vehicles wait in line at the drive through lane of a Yum! Brands Inc. Kentucky Fried Chicken (KFC) and Taco Bell restaurant in Lockport, Illinois. Daniel Acker | Bloomberg | Getty Images Yum Brands on...
Mortgage refinance demand jumps 18% as interest rates drop
A ‘For Sale’ sign is posted in front of a single family home on October 27, 2022 in Hollywood, Florida. Joe Raedle | Getty Images Mortgage rates continued to fall last week, and both curre...
Activision Blizzard is a buy, but wait on Take-Two Interactive
CNBC’s Jim Cramer on Tuesday said Activision Blizzard is better positioned in the short term than rival Take-Two Interactive. Both video game companies reported earnings this week. Activision Bl...
Cramers lightning round: Parker-Hannifin is a buy
Parker-Hannifin Corp: “It’s just the kind of industrial I’ve been recommending. … I would buy it here.” Conocophillips: “That thing is like a fine Merlot, my friend...
Don’t lose sight of investing fundamentals despite bull market
CNBC’s Jim Cramer on Tuesday told investors to stay selective with stocks despite the market’s strong run. “I just want you to have a real earnings cushion with real buybacks or real...
Chipotle Mexican Grill (CMG) earnings Q4 2022
A Chipotle restaurant and signage is seen on February 09, 2022 in Miami, Florida. Joe Raedle | Getty Images Chipotle Mexican Grill on Tuesday reported weaker-than-expected quarterly earnings and reven...
Delta Air Lines raises employee pay 5% as travel rebounds
Nurphoto | Nurphoto | Getty Images Delta Air Lines is raising employee pay 5%, the second time its lifted staff pay in less than a year as a sharp rebound in travel boosts the carrier’s profits ...
Stocks moving big after hours: CMG, ENPH, FTNT
A Chipotle restaurant in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Check out the companies making headlines after hours. Chipotle Mexican Grill — Shares fell more than 4% in extend...
Bed Bath & Beyond lines up funding in bid to avoid bankruptcy
A Bed Bath & Beyond store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. Stephanie Keith | Bloomberg | Getty Images Bed Bath & Beyond will live to see another day – at least...
Hertz (HTZ) Q4 2022 profit beats Wall Street estimates
Rental car giant Hertz reported fourth-quarter earnings that were better than Wall Street expected, on renewed demand for travel as the Covid-19 pandemic eased in many parts of the world. The company ...
Biden Labor Secretary Marty Walsh to become NHL union head
Labor Secretary Marty Walsh listens as U.S. President Joe Biden speaks during an event in the Rose Garden of the White House September 15, 2022 in Washington, DC. Anna Moneymaker | Getty Images Labor ...
Auto insurance is up by more than 15% this year in some states
Miniseries | E+ | Getty Images As with many line items in your household budget, your auto insurance probably costs more this year than in 2022. How much more? related investing news It depends on a v...
January used vehicle prices pop, according to Cox’s Manheim index
A man shops for used vehicles at the Toyota of Deerfield dealership in Deerfield Beach, Florida. Getty Images DETROIT – Stronger-than-expected demand for used vehicles last month led to the largest in...
Fake seafood industry getting big investment dollars
While the plant-based burger wars have been waging for several years now, plant-based fish is just in its infancy. But that is about to change, as new contestants enter the mix with various types of f...