Square payment system Source: Square Check out the companies making headlines after the bell. Pinterest — Shares of the social media company soared 14% in extended trading after Pinterest released preliminary results ahead of its first-quarter earnings call in May. The company expects revenue ranging from $269 million to $272 million in the first quarter. It
Exxon is slashing its 2020 capital spending plan as depressed oil prices hammer the energy sector, but CEO Darren Woods said that the company’s dividend is safe for the time being. “A lot of our shareholders are retail shareholders — people who depend on that dividend — so we’ve been pretty committed to maintaining that
Source: Lauren Thomas, CNBC Check out the companies making headlines midday Tuesday: Kohl’s — Shares of the retailer surged more than 27% as investors cheered a decline in new coronavirus cases. Elsewhere in the retail sector, PVH jumped 25% while Nordstrom gained 21%. Gap and Ralph Lauren also traded higher, rising 16% and 12%, respectively. Exxon —
Workers assemble a Boeing 787 Dreamliner at the Boeing Everett Factory in Everett, Washington. Patrick T. Fallon | Bloomberg | Getty Images U.S. House Democrats representing Washington state have urged Boeing to accept government aid to help weather the coronavirus pandemic after the plane maker’s chief executive balked at the possibility of government equity stakes in exchange for
Business Insider joined a Bakerloo line driver on her daily routine driving a train on the London Underground. Jackie Moriarty has been a driver for 19 years. She told us the things she likes, dislikes, and has experienced while working for Transport for London. Being a Tube driver can be quite demanding, requiring long periods of concentration
Coronavirus deaths in New York surged by 731 on Monday, the biggest single-day jump in COVID-19 fatalities since the outbreak began a few months ago, Gov. Andrew Cuomo said Tuesday. The jump in fatalities comes even as the number of intensive care admissions starts to decline, giving the state some needed breathing room to ramp
Anthony Noto, CEO of SoFi Adam Jeffery | CNBC Personal finance start-up SoFi has agreed to buy payments software company Galileo for $1.2 billion. The cash-and-stock deal will help the companies launch new products, expand internationally and capitalize on consumers’ shift to digital finance, according to the CEOs of both companies. SoFi CEO Anthony Noto said
Younger investors have lately been buying shares of cruise lines, two Wall Street strategists told CNBC on Monday. TD Ameritrade‘s JJ Kinahan said Royal Caribbean and Carnival Corp. have been two stocks that the brokerage firm’s millennial clients have added to their portfolio in the month of Month. “At first you might be like, ‘Oh
My colleague, Jim Cramer, made a very interesting recommendation Monday morning, calling on the U.S. Treasury to issue a $1 trillion, 30-year “war bond” to finance out battle against the coronavirus. He pitched the idea on CNBC to Larry Kudlow, who chairs the White House National Economic Council and promised to propose the idea directly
Take a look at some of the biggest stocks moving before the market opens: Exxon Mobil – Exxon Mobil said it was cutting 2020 capital expenditures by 30% and cash operating expenses by 15%, with the moves designed to put it in the strongest possible position when the energy markets improve. Slack Technologies – The
The coronavirus chaos has turned a historical market trend on its head. According to Bespoke Investment Group co-founder Paul Hickey, buying and holding stocks in extended hours trading has morphed into a losing proposition for investors. Typically, it has been a time frame that’s more profitable than buying at the open and selling at the
Blue Origin’s headquarters in Kent, Washington. Blue Origin Jeff Bezos’ space venture Blue Origin confirmed on Monday that two employees at its Seattle-area headquarters tested positive for coronavirus. The employees, who are married couple, work at Blue Origin’s headquarters in Kent, Washington and were last in the office about two weeks ago. The company has
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC Jamie Dimon, CEO of JPMorgan Chase, released his widely-read annual letter on Monday. “We have the resources to emerge from this crisis as a stronger country,”
Federal Reserve Chair Janet Yellen speaks during a news conference December 13, 2017 in Washington, DC. Getty Images Former Federal Reserve Chair Janet Yellen thinks the central bank is not in a position where it needs to buy equities but thinks lawmakers should give it more leeway for the future. “It would be a substantial
People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images Jamie Dimon said that in a “extremely adverse” downturn in the U.S. economy, JPMorgan Chase would probably consider suspending its dividend to preserve capital. The biggest U.S. bank by assets has entered the coronavirus-induced crisis
A masked pedestrian carrying water bottles walks past the Charging Bull statue in lower Manhattan on April 02, 2020 in New York City. Bruce Bennett | Getty Images Tom Petty sang it 40 years ago and investors are living it now: The waiting is the hardest part. Waiting for enough data on coronavirus-infection trajectories to
Astra tests a rocket at its headquarters on the San Francisco Bay in Alameda, California. Astra Rocket builder Astra, a San Francisco-area startup, recently reduced its staff through a mix of furloughs and layoffs in order to survive delays caused by the coronavirus pandemic, a person familiar with the situation told CNBC. Astra cut its overall
A barista packs a coffee for online sales at a Luckin Coffee store in Beijing, China July 17, 2018. Jason Lee | Reuters Here we go again. It sounds outrageous: The chief operating officer of Luckin Coffee, the largest domestic coffee chain in the China, was accused by his own company of fabricating much of
A customer pays with cash at a Best Buy store in Texas, United States, on November 26, 2010. Aaron M. Sprecher | Bloomberg | Getty Images If you’re counting the days until you receive your stimulus money from the government, hold tight: It could take up to five months. A House Ways and Means Committee
This is breaking news. Please check back for updates. Short seller Jim Chanos warned investors about piling into “virus stocks” boosted by the coronavirus lockdown temporarily. “One area I would warn people about for example is the virus stocks,” Chanos said on Thursday on CNBC’s Halftime Report. They are “doing well right now in this enforced lockdown.
As small business owners await a much-needed lifeline Friday in the form of a massive expansion of the Small Business Administration’s 7(a) lending program, new data show just how dire the situation is for Main Street as questions circulate about the program’s readiness. The National Federation of Independent Business’ Research Center is out with a
WASHINGTON — The Pentagon reported the largest one-day jump in coronavirus cases within the Department of Defense on Thursday. The Pentagon reported a total of 1,638 cases within the Department of Defense on Thursday, an increase of 233 cases overnight. Of the 1,638 cases, 953 are active-duty military, 319 are civilians, 269 dependents and 97 contractors.
Sephora has a massive following and was named retailer of the year at the 2018 World Retail Congress. Members of their rewards program have spent upwards of $35,000 to redeem on exclusive members-only trips. The store offers unique technology, Color IQ, to identify specific foundation shades to match customers to products. MORE SNEAKY DEALS CONTENT:
Read more at https://valueofknowledge.ft.com/ Singapore’s students consistently come top in international rankings, but the city state’s didactic teaching style does not always equip pupils with the skills they will need for the workplace of the future. The government is introducing reforms to align classroom with the needs of employers – adopting aspects of the Swiss
Sept. 15 (Bloomberg) –- Alibaba’s IPO could be the biggest in history. Bloomberg’s Sam Grobart explains how Alibaba works through the experience of ordering 280 pairs of pants manufactured overseas. Video by: Dan Przygoda, David Yim (Source: Bloomberg) — Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg Bloomberg Television offers extensive coverage and analysis of international business
Even though the company was bleeding money, laden with debt and staring down a potential bankruptcy, becoming chief executive of chip maker Advanced Micro Devices was a dream job for Lisa Su. “When you grow up as a tech person — and I spent my career in semiconductors — there aren’t that many large US
A pedestrian passes in front of a Walgreens Boots Alliance Inc. store in the Hollywood neighborhood of Los Angeles, California. Christopher Lee | Bloomberg | Getty Images Walgreens Boots Alliance beat Wall Street earnings expectations Thursday, sending shares up about 3% in early trading. Here’s what Walgreens reported for its fiscal second quarter of 2020 compared
shot of social security card Kameleon007 People who receive Social Security benefits and who do not submit tax returns will not have to file in order to get a government stimulus check. The announcement by the Treasury Department and Internal Revenue Service on Wednesday night reverses earlier guidance that said those people would have to
Analysts have warned that falling oil prices will lead to a wave of consolidation or bankruptcies in the U.S. energy sector, and the Street got its first taste of what could be to come when U.S. shale producer Whiting Petroleum filed for bankruptcy on Wednesday. “The oil patch is falling apart … This is the other
This photo taken on March 23, 2020 shows employees eating during lunch break at an auto plant of Dongfeng Honda in Wuhan in China’s central Hubei province. STR | AFP | China As the second quarter begins in China, it’s an altered landscape in the coronavirus-stricken economy with businesses that remain shut — some for good.
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