CNBC’s Jim Cramer on Thursday used Facebook parent company Meta Platforms as a case study of why it sometimes pays off to hold downtrodden stocks. “When companies change their stripes, or ...
Tag: business news
Starbucks (SBUX) Q1 2023 earnings
A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles, California. Lucy Nicholson | Reuters Starbucks on Thursday reported quarterly earnings and revenue that fell sh...
Kohl’s names interim CEO Tom Kingsbury to the post permanently
The Kohl’s logo is displayed on the exterior of a Kohl’s store on January 24, 2022 in San Rafael, California. Justin Sullivan | Getty Images Kohl’s on Thursday named interim CEO Tom ...
Ticketmaster braces for high demand
Beyoncé performing. Larry Busacca | PW18 | Getty Images Ticketmaster is gearing up for what’s expected to be high demand for tickets to Beyoncé’s upcoming “Renaissance World Tour,...
Mortgage rates drop to the 5% range for first time since September
Prospective buyers at an open house in Florida. Mike Stocker | South Florida Sun Sentinel | Tribune News Service | Getty Images The average rate on the 30-year fixed rate mortgage has fallen to 5.99%,...
Penn sports betting business posts fourth quarter profit
In this photo illustration, the Penn Entertainment logo is displayed on a smartphone mobile screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Penn Entertainment on Thursday became the...
Ford (F) earnings Q4 2022
Ford CEO Jim Farley takes off his mask at the Ford Built for America event at Fords Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan. Nic Antaya | Getty Images DETROIT – Ford Motor is ...
Bank of England’s Andrew Bailey tempers talk of pause, pivot in hikes
Governor of the Bank of England Andrew Bailey has talked down expectations that the central bank is readying to pause or pivot rate hikes. Yui Mok | Afp | Getty Images LONDON — The Bank of England on ...
Annuity sales hit record in 2022 amid higher interest rates and fear
Tim Bieber | Photodisc | Getty Images Amid stock market gyrations, recession fears and loftier payouts, consumers last year pumped a record sum of money into annuities, a type of insurance that offers...
Ford January 2023 sales boosted by F-Series and Bronco
Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT — Ford Motor‘s new U....
Robert Kraft wants Tom Brady to retire with the Patriots
Tom Brady #12 of the New England Patriots celebrates with team owner Robert Kraft after defeating the Seattle Seahawks 28-24 during Super Bowl XLIX at University of Phoenix Stadium on February 1, 2015...
Disney pressured to replace Michael Froman with Nelson Peltz
Nelson Peltz David A. Grogan | CNBC The proxy battle between Disney and activist investment firm Trian Management LP is heating up ahead of the company’s annual shareholder meeting. Earlier in J...
Venture capital for Black entrepreneurs plummeted 45% in 2022
Bea Dixon, the CEO and co-founder of The Honey Pot Company Courtesy: Honey Pot Company In 2016, Beatrice Dixon had finally secured a deal with Target to carry her line of feminine care products. But s...
Ferrari’s 2022 earnings jump 13%, supercar maker guides to strong 2023
Ferrari CEO Benedetto Vigna poses for a photograph as Ferrari unveils a new long term strategy, in Maranello, Italy, June 15, 2022. Flavio Lo Scalzo | Reuters Ferrari on Thursday reported full-year pr...
Why Amazon China fell behind Alibaba, JD.com and Taobao
China’s e-commerce market was valued at $2 trillion in 2022, according to GlobalData, and the country also has a rapidly growing middle class, making it an attractive market for American compani...
Coinbase stock jumps 14% after federal securities suit dismissed
The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021. Shannon Staple...
Subway sandwich sales climb amid turnaround, potential sale talks
An employee halves a Subway sandwich at a Subway restaurant on January 12, 2023 in Austin, Texas. Brandon Bell | Getty Images Subway said its same-store sales climbed 9.2% in 2022, signaling the sandw...
‘Greenwashing’ is a good thing, according to one renewable energy tycoon
Greenwashing should be seen as a positive sign that companies are moving in the right direction, according to the founder of British energy firm Ecotricity. “It’s everywhere,” Dale V...
I want to own Sherwin-Williams
Sherwin-Williams Co: “I want to own it. I’ll tell you why. Everything that they could possibly say negative about it is out there. I want to come out with a more positive thesis.” XP...
Investors need to have conviction, seize on ‘mistaken selling’
CNBC’s Jim Cramer on Wednesday advised investors to block out the market bears, and use their missteps to bolster their own portfolios. “Their mistaken selling creates opportunities for yo...
Charlie Munger: U.S. should ban cryptocurrencies
Charlie Munger at the Berkshire Hathaway press conference, April 30, 2022. CNBC Berkshire Hathaway Vice Chairman Charlie Munger urged the U.S. government to ban cryptocurrencies like China, saying a l...
Bank of England hikes rates by 50 basis points, now sees ‘much shallower’ recession than feared
A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021. Hollie Adams | Bloomberg | Getty Images LONDON — The Bank of England on Thursday hiked interest ra...
Adani losses top $100 billion in wake of Hindenburg Research report
Signage of Adani Group at company’s gas station in Ahmedabad, India, on Wednesday, Feb. 1, 2023. Bloomberg | Bloomberg | Getty Images India’s Adani conglomerate deepened market losses to e...
Deutsche Bank smashes profit expectations in fourth quarter as higher interest rates bolster revenue
A statue is pictured next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany, September 30, 2016. Kai Pfaffenbach | Reuter Deutsche Bank on Thursday reported its 10th straight quarter ...
Potential U.S. ban investment on Chinese tech could hurt these sectors
The Biden Administration has said the U.S. is in competition with China and restricted the ability of American businesses to sell high-end chip tech to China. Bloomberg | Bloomberg | Getty Images BEIJ...
Bond king Jeffrey Gundlach says he expects one more Fed rate hike
DoubleLine Capital CEO Jeffrey Gundlach said he sees one additional rate hike from the Federal Reserve before the central bank ends its tightening cycle. “I think one more,” Gundlach said ...