Check out the companies making headlines before the bell: Conagra – The food producer has reached a deal to buy Pinnacle Foods for $10.9 billion in cash and stock, with an implied value of $68 per share. CNBC had reported Tuesday that a deal was close. General Mills – General Mills reported fourth-quarter adjusted profit
Month: June 2018
Daniel Acker | Bloomberg | Getty Images General Mills breakfast cereal boxes are arranged for a photograph in Tiskilwa, Illinois. Cheerios cereal maker General Mills on Wednesday reported a quarterly profit that topped analysts’ estimates, as its efforts to reduce costs and improve its distribution network paid off. Gross margins of the company, which is
Apple co-founder and noted bitcoin bull Steve Wozniak says the hype around blockchain is similar to what he saw in the dotcom era, with companies going belly-up at a rapid rate. “It was a bubble, and I feel that way about blockchain,” Wozniak said Tuesday on stage at the NEX technology conference in New York.
The iconic motorcycle company Harley-Davidson is running out of options on how to respond to a mix of declining sales and potentially devastating tariffs, Jaime Katz, senior equity analyst at Morningstar, told CNBC. She said moving some of its operations overseas may be the logical solution. “In order to fail to alienate their consumers overseas,
If you’re wealthy enough to buy a National Football League franchise, you might want to consider Major League Soccer instead. According to Gregg Lemkau, co-head of investment banking at Goldman Sachs, the value of NFL teams has been stable but MLS teams are on the rise. “The growth of soccer in the U.S. has actually
Many college graduates are eager to find work — any work. But that first job, however arbitrary, can impact the rest of their career. Recent grads who end up in jobs that didn’t require a college degree are five times as likely to still be in such a position five years later, compared with those
Trade tensions are rising between the U.S. and the rest of the world, including American allies. In addition to the EU, Mexico and Canada were also slapped with tariffs on steel and aluminum. There have also been escalating tit-for-tat tariff threats between the U.S. and China. “When we start imposing tariffs, other countries will retaliate,
Daily spending, especially in big cities, can add up quickly. When it comes to eating, find a balance between dining out and cooking at home. If you are on a summer internship and living in a college dorm with a meal plan, take advantage of the dining hall, since you’re already paying for the food.
The S&P 500 could finish the year with a strong rally — but in the meantime, the market is not out of the woods yet, Wall Street veteran Byron Wien told CNBC on Tuesday, a day after stocks were clobbered on the latest twist in the U.S.-China trade saga. Wien, vice chairman of Blackstone Private
Last week, oil rallied hard into week’s end as OPEC met in Vienna and announced on Friday it would raise production by 1 million barrels per day. The price action even got a bit ahead of itself, with a gain of nearly 5 percent. Several members are unable to add output, and that means only
Matthew Staver | Bloomberg | Getty Images Leslie ‘Les’ Moonves, president and chief executive officer of CBS Corp., right, speaks with Jeff Bezos, chairman, president and chief executive officer of Amazon.com Inc., at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Thursday, July 7, 2011. Tech giant Amazon buying
Drew Angerer | Getty Images Graduating students wait for the start of New York University’s commencement ceremony at Yankee Stadium, May 16, 2018 in the Bronx borough of New York City. What graduates and those just starting their first job need now are a few painless ways to get started. Share these tips with a
The breadth of an auto tariff would initially dictate what segments of car sales are affected. For instance, if Trump followed through on his threat specifically against the EU, it would largely affect luxury brands that ship from Europe, such as Mercedes-Benz and Audi, Drury said. Exactly how much prices would rise would depend on
If you have less than $1,500 in your checking account, watch out. You could be setting yourself up for some pesky fees. In 2017, Americans spent about $3.5 billion on monthly maintenance fees for their checking accounts at the top five U.S. banks, according to new data from MyBankTracker, a website that aims to help
Shares of Intel fell more than 1 percent on Tuesday after Bernstein downgraded the stock and slashed its price target, citing a narrow path for further gains and uncertainty following the abrupt departure of its CEO. Analyst Stacy Rasgon lowered his rating on Intel to underperform from market perform and slashed his price target on
I recently read “The Index Revolution” by Charles D. Ellis, a well-known investor who is widely respected for his success in institutional finance. He has authored 16 books and more than 100 articles on investing strategies. “The Index Revolution” offers numerous reasons why index investing is the best approach. Here are three reasons that stood
Lennar on Tuesday reported a better-than-expected quarterly profit as housing demand got a boost from a strengthening economy and job growth. The U.S. homebuilder’s shares rose 9 percent in premarket trading. Shares of rivals D.R. Horton Inc and PulteGroup Inc were also up 3 percent to 4 percent. Lennar’s orders, an indication of future revenue
As the CEO of one of the world’s most valuable companies, Tim Cook has a pretty decent platform for sharing leadership advice. And he frequently does. The Apple chief is a prominent spokesperson for diversity and inclusion issues and has made headlines for speaking out on some of America’s most controversial political policies. But that
Bitcoin, which fell below $6,000 on Friday for the first time since February, reached an all time high of around $19,500 last December. That’s a decline of nearly 70 percent. And it’s not just bitcoin. Ethereum, litecoin, bitcoin cash and ripple are down for the year as well. But crypto traders were optimistic on Monday
President Donald Trump said Monday he was “surprised” by Harley-Davidson’s announcement that it will move some of its production out of the U.S. to avoid European Union tariffs. Trump again accused the EU of engaging in trade practices that “hurt” the American economy. @realDonaldTrump: Surprised that Harley-Davidson, of all companies, would be the first to
David Paul Morris | Bloomberg | Getty Images A customer looks at a motorcycle on display at the Oakland Harley-Davidson dealership in Oakland, California, U.S., on Friday, April 14, 2017. Check out the companies making headlines after the bell: Shares of Harley-Davidson climbed as much as 1 percent in extended-hours trading. The popular motor cycle
Further, “Amex’s business model has spurred robust interbrand competition and has increased the quality and quantity of credit-card transactions,” Justice Clarence Thomas wrote in the five to four ruling. “This has been an ongoing battle over interchange fees,” said Joe Resendiz, a credit cards research analyst at ValuePenguin. Although for the most part, “consumers are
[The stream is slated to start at 3:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] White House Press Secretary Sarah Huckabee Sanders will brief reporters on Monday afternoon amid a broad stock market sell-off. Sanders is expected to address reports that Trump plans to prohibit
Small businesses may keep cash available to cover their ongoing needs, so a 15.5 percent tax on that pot of assets could put owners in a bind. “For smaller companies, especially companies set up by expatriates, this could put people out of business and be a negative life-changing event,” said David McKeegan, co-founder of Greenback
Sen. Tim Kaine, D-VA, along with three other senators, say student borrowers are being denied debt relief The Trump administration is denying student borrowers the debt relief they deserve, four senators are arguing. In a letter delivered to Education Secretary Betsy DeVos, Sens. Tim Kaine, D-VA, Sheldon Whitehouse, D-RI, Tammy Duckworth, D-IL and Maggie Hassan,
Jack Ma’s Ant Financial is betting on blockchain but the Chinese billionaire warned against the technology’s first and most popular use case: Bitcoin. The financial-technology affiliate of e-commerce giant Alibaba launched a joint venture in Hong Kong Monday that uses blockchain for a cross-border remittance service. At the launch event hosted by Ant Financial, Ma
Carnival shares dropped Monday after the company cut its full-year guidance, citing increased fuel costs and unfavorable currency exchange rates. The stock closed down 7.85 percent at $58.54 per share, the largest decline since a 7.9 percent drop in February 2016, after the cruise line operator cut its full-year earnings outlook to a range between
Several of the market’s favorite semiconductor names are tanking on Monday as investors grow concerned over President Donald Trump’s plan to restrict foreign investments in U.S. technology companies. On Sunday the Wall Street Journal said the Treasury Department is drawing up rules to block companies with at least 25 percent Chinese ownership from buying companies
Past lottery winners have discovered the hard way that the more people who know they’ve won, the greater the chance they’ll be approached for things like personal loans, handouts, investment opportunities and charitable donations. Another challenge is figuring out exactly how to split the winnings. There are tax considerations, and some states have limits on
Starbucks shares have fallen 11 percent this year as the coffee giant has grappled with weakened same-store sales and flat traffic in recent quarters, but outgoing executive chairman Howard Schultz said last week the stock is inexpensive. Some market watchers are less than optimistic, at least in the near term. Schultz told CNBC’s Jim Cramer
- « Previous Page
- 1
- 2
- 3
- 4
- 5
- …
- 15
- Next Page »