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General Electric shares rose as much as 7 percent Friday after the Dow component’s upbeat first-quarter earnings. But few – if any – on Wall Street are calling it a comeback. “There’s absolutely no change to our thesis here,” J.P. Morgan analyst Stephen Tusa told CNBC’s “Squawk on the Street.” Tusa said GE’s overall number
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The stakes are high for Apple as it fights to keep its place as the most valuable public company in the business world. The iPhone giant reports quarterly earnings on May 1, by which time iPhone X sales should be baked in to its results. Apple doesn’t usually release sales numbers of individual models. The
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European leaders can build trust and fight populist threats by touting the economic benefits of closer integration, Italian Finance Minister Pier Carlo Padoan said Thursday. In a CNBC Facebook Live interview at the World Bank and International Monetary Fund’s Spring Meetings 2018 in Washington, Padoan said strengthening euro area reforms would build more trust across
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A SENIOR OFFICIAL WITH America’s largest nuclear plant operating company is predicting a dim future for nuclear power in the U.S. William Von Hoene, senior vice president and chief strategy officer at Exelon, said last week that he doesn’t foresee any new nuclear plants being built in the United States due to their high operating
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SHENZHEN, China — In a grand hotel ballroom on Tuesday, Huawei executives laid out a soaring vision for the future. The Chinese electronics giant, already the world’s biggest supplier of the equipment that powers the wireless age, now wants to provide the digital backbone for artificial intelligence, the internet of things and other transformative technologies.
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While trade relations between the U.S. and China have descended into a relay of tariffs and counter-tariffs, developments to reform trade on the African continent are telling a very different story. “If you start looking much more inwards, and focus within your little population of 40 or 50 million, you lose sight of the big
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Diego Levy/Bloomberg/Getty Images Naguib Sawiris, chairman and chief executive officer of Orascom Telecom Media and Technology Holding. Sorrell, credited for turning WPP into the world’s biggest advertising agency, quit on Saturday amid allegations of personal misconduct. In a statement, the 73 year-old businessman said, “WPP is not just a matter of life or death, it
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The business of basketball is booming and Tilman Fertitta, the owner of the NBA‘s Houston Rockets, suggests the league has a winning game plan for keeping fans tuned in. “The NBA, it’s just fun and interesting and the crowd is into it,” Fertitta told CNBC during “Power Lunch” this week. This season, the NBA set
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By now you’ve probably gathered that Facebook uses things like your interest, age and other demographic and geographic information to help advertisers reach you. Then there’s the stuff your friends do and like — the idea being that it’s a good indicator for what you might do and like. So, if you have a friend
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“All that turmoil doesn’t help,” said Dan Stephenson, founder and chairman of the Rancon Group, a Murrieta, California-based real estate development firm. Indeed, the Chinese earlier this month slapped a new tariff on U.S. wine exports. And Beijing could spur an anti-U.S. backlash that discourages Chinese citizens from investing in American businesses. Regardless, there has
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Generic drug maker Mylan is in advanced discussions to acquire Merck’s consumer health business after other bidders failed to meet the German company’s price expectations, people familiar with the matter said. “Although it’s Mylan’s policy to not comment on rumors or speculation, given the egregious inaccuracy of reports issued this morning, the company is compelled
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