Canada Goose brand parkas in a store in New York. Noam Galai | WireImage | Getty Images Canada Goose said on Friday lower store traffic in China and travel restrictions due to the coronavirus epidemic would impact its revenue and lead to a smaller profit in 2020, sending its shares down 4%. The virus outbreak
Month: February 2020
Edward ‘Ed’ Hyman, chairman of Evercore Partners Inc. Christopher Goodney | Bloomberg | Getty Images Evercore ISI Chairman Ed Hyman said he sees no economic growth in China in the first quarter due to the deadly coronavirus. The market pullback Friday “is still a worry about the virus,” Hyman said on CNBC’s “Squawk on the
As the ESG and sustainable investing movement grows, Societe Generale quantified the potentially large consequences for companies that don’t follow suit. The firm found that in two thirds of “high ESG controversy” cases a company’s stock experienced “sustained underperformance,” trailing the global index by an average of 12% over the course of the following 2
Getty | Westend61 Everyone has to save for retirement. If you have a job with a company that offers retirement savings, you are in luck. You sign up (or you might be enrolled automatically) and then contribute through your paycheck. You don’t have to do a thing. But when you’re an independent entrepreneur, you have
This is a live blog. Please check back for updates. Total cases: More than 31,000 as of Friday morningTotal deaths: At least 636 worldwide as of Friday morning 3:40 pm: Images from the epicenter of the outbreak The coronavirus outbreak worsened this week, with more than 31,000 cases and at least 636 deaths. CNBC will
Ben Silbermann, co-founder and chief executive officer of Pinterest Inc., center, rings the opening bell on the floor on the New York Stock Exchange during the company’s initial public offering (IPO) in New York, on Thursday, April 18, 2019. Michael Nagle | Bloomberg | Getty Images Pinterest shares climbed as much as 17.1% in after-hours
A frozen section of the Ross Sea at the Scott Base in Antarctica on November 12, 2016. Mark Ralston | AFP | Getty Images Antarctica just broke its hottest temperature ever recorded at 64.9 degrees Fahrenheit as climate change continues to accelerate, according to measurements from an Argentinian research station thermometer. The reading was taken
Drew Angerer | Getty Images Amazon could potentially tag-team with the world’s biggest wrestling brand to gain an advantage in the streaming wars, according to a Needham. Not only could the Jeff Bezos-led tech retail juggernaut buy the streaming rights to World Wrestling Entertainment content, but it also could potentially buy the whole company one
Aimstock | Getty Images It’s the gift that everybody wants: the ability to get a do-over when you make a mistake. In golf, it’s called a mulligan, or the chance to redo a stroke. With Social Security, it’s called a withdrawal of application. However, the circumstances under which you can exercise this option are limited.
Ford Motor President of Automotive Joe Hinrichs will retire and the company has named its new business and technology chief Jim Farley as its chief operating officer, the company announced Friday morning. Farley will take over broader responsibilities from Hinrichs, including all global markets and automotive, the company said. Farley will continue reporting to Ford
Uber stock rose in extended trading on Thursday after the company announced a fourth-quarter loss that was narrower than analysts had expected and moved its EBITDA profitability forecast forward. The company’s shares spiked as much as 10% after hours when CEO Dara Khosrowshahi said on the company’s earnings call that the company was moving its
eBay’s headquarters in San Jose, California, U.S. Bloomberg | Getty Images The e-commerce giant eBay more closely resembles the New York Stock Exchange than it does Amazon, at least in the eyes of Intercontinental Exchange CEO Jeffrey Sprecher. “I’m not sure that it’s been fair for the market to hold eBay accountable as an e-commerce company
Even as interest rates remain low and investor appetite is strong, the ever-rising high-yield corporate debt levels are continuing to raise concerns on Wall Street. The latest warning comes from Charles Schwab strategists, who are advising clients to reduce their exposure, or underweight, to a part of the market that will see a record number
Sen. Elizabeth Warren (D-MA), former Vice President Joe Biden and Sen. Bernie Sanders (I-VT) (R) participate in the Democratic presidential primary debate at Drake University on January 14, 2020 in Des Moines, Iowa. Scott Olson | Getty Images Social Security policy has already prompted some presidential contenders to resort to fighting words. But for many
Peloton machine Source: Peloton The fitness business is still booming, but one sector is taking a distinct lead. While spending across traditional gyms, boutique studios and on-demand streaming fitness combined grew just over 5% last year, on-demand fitness spending jumped nearly 59%, according to Cardlytics. On-demand offerings, which include Beachbody, Gaia, Peloton, Daily Burn, and
PSA CEO Carlos Tavares and FCA CEO Mike Manley shake hands after signing a combination agreement that will lead to the creation of the world’s fourth-largest global automaker in terms of annual sales (8.7 million vehicles). FCA Fiat Chrysler posted a 7% rise in fourth-quarter profit on Thursday, boosted by strong business in North America
Credit Suisse CEO Tidjane Thiam FAFabrice Coffrini | AFP | Getty Images Credit Suisse CEO Tidjane Thiam is to step down as on Feb. 14 and will be replaced by Thomas Gottstein. The news follows a long drawn-out spying scandal at the bank. An internal investigation by law firm Homburger into the spying scandal which
Much has been written about black truffle hunting in the French countryside, where Perigord truffles, or tuber melanosporum, thrive below oak and hazelnut trees. But little is discussed about how these “black diamonds” are traded before they reach the hands of fine dining chefs around the world. The interior of a black truffle is lined
CNBC’s Jim Cramer expressed concerns about the fundamentals of Casper Sleep‘s business ahead of the online mattress startup’s Thursday debut as a publicly traded stock. Shares opened at $14.50, an over 20% increase from its offering price. “The losses here are staggering” for the business, Cramer said on “Squawk on the Street.” Casper, which started
A pedestrian wears a face mask while pushing a stroller past the Tiffany & Co. luxury goods store at Times Square in the Causeway Bay district of Hong Kong, China, on Thursday, Feb. 6, 2020. Bloomberg Here’s a comforting fact as the market grapples with the coronavirus: Your 401(k) plan is pretty resilient. The alarming
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