A woman shops for jewellery at a Kohl’s department store in Alhambra, California. Frederic J. Brown | AFP | Getty Images The sharp selloff of retail stocks Tuesday sends a powerful signal: Investors are worried that the deep discounts that battered Kohl’s latest earnings report will be repeated as more retailers report in the coming
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An aerial photo shows Boeing 737 MAX aircraft at Boeing facilities at the Grant County International Airport in Moses Lake, Washington, September 16, 2019. Lindsey Wasson | Reuters DUBAI, United Arab Emirates — Boeing managed to reach day three of the Dubai Air Show with bids for 50 of its embattled 737 Max jets, a
McDonald’s incoming U.S. President Chris Kempczinski speaks during a press conference in New York November 17, 2016. Shannon Stapleton | Reuters McDonald’s new CEO Chris Kempczinski said Monday that meetings with the company’s senior leadership and managing directors has “reaffirmed” his confidence in its leadership and the path it’s on. However, he is asking employees
GW Pharmaceuticals: “We like GW Pharma, but we’ve said it’s part of the cannabis cohort and because it has been pulled down by a lot of ETFs, and therefore it is still too early.” Turning Point Therapeutics: “Turning Point Therapeutics is a very big speculative situation. Most people wouldn’t know the difference between Turning Point
An Airbus A380-800 passenger plane of the Emirates Airlines at Moscow’s Domodedovo Airport. Mikhail Tereshchenko | TASS | Getty Images DUBAI, United Arab Emirates — Emirates has ordered 50 Airbus A350 jets, the Dubai state-owned airline announced at the Dubai Air Show on Monday. The order’s list price sits at $16 billion, but a steep
The 2019 Ford F-150 Limited pickup Mack Hogan | CNBC The Ford F-Series is huge. It outsells every other car and truck in the world, despite being sold in only a handful of markets. And despite going up against all-new trucks from General Motors and Fiat Chrysler, the older Ford trucks are having no issues
A general view shows people walking across the flooded St. Mark’s Square, by St. Mark’s Basilica on November 15, 2019 in Venice, two days after the city suffered its highest tide in 50 years. Filippo Monteforte | AFP | Getty Images For Venetians, water is a way of life. It surrounds the city, ebbing and
aviation-images.com | Universal Images Group | Getty Images DUBAI — Airbus Chief Commercial Officer Christian Scherer forcefully rejected the notion that his company is benefiting from the grounding of Boeing’s 737 Max fleet while speaking to CNBC during the Dubai Air Show. “I really need to correct that cultural belief. This does not benefit anyone
Coffee comes in many forms — hot, cold, flavored and decaffeinated. But the idea of coffee without the bean —well that’s something new. It’s called “molecular coffee.” Atomo, a start-up located just blocks from the famous Starbucks in Seattle’s Pike Place Market, said it’s reverse-engineered the coffee bean. And if you’re wondering why, you’re not
Anheuser-Busch remains the king of beers, ruling nearly 41% of the $119 billion U.S. market for beer and malt-based beverages. But there’s trouble in the consumer market for the iconic maker of Budweiser, Bud Light, Beck’s, Goose Island and dozens of other brands. Americans are drinking less beer and more wine and spirits, while also
CNBC’s Jim Cramer previews next week’s earnings reports from companies such as Target, Kohl’s and Foot Locker. The “Mad Money” host also chats with LivePerson CEO Robert LoCascio, who discusses how artificial intelligence has changed the way customers interact with companies. Later in the show he explains why both Wells Fargo and Walmart are worth buying.
Gary Jones, president UAW International, (left) and Bill Ford, executive chairman, Ford Motor, shake hands on July 15, 2019 at Ford World Headquarters to begin negotiations for a new contract. Ford DETROIT – Members of the United Auto Workers have approved a new four-year deal with Ford Motor, the union announced Friday. The deal requires
The Dow Jones Industrial Average just hit a fresh record, but under the hood it’s more complicated. Eleven Dow stocks, or more than a third of its components, are still in a correction or worse – those include Cisco, 3M, Pfizer, Exxon Mobil, Boeing and UnitedHealth among others. Two traders agree that one of those stocks
CNBC’s Jim Cramer explains why Wall Street has fallen out of love with enterprise-based technology stocks like Cisco and turned to consumer-based ones like Roku. The “Mad Money” host sits down with Viacom CEO Bob Bakish to get insight into the company’s merger with CBS and foray into the streaming war. Later in the show
Taylor Swift performs during The 58th GRAMMY Awards at Staples Center on February 15, 2016 in Los Angeles. Kevin Winter | WireImage | Getty Images Taylor Swift’s public feud with music industry executives Scott Borchetta and Scooter Braun continued Thursday when she claimed on social media they were “exercising tyrannical control” and blocking her from
Serena Williams celebrates her semifinal win at the 2018 Wimbledon Championships Nigel French – PA Images| Getty Images Online sporting event service provider Let’s Do This is expanding its digital operations thanks to a round of funding from the likes of tennis star and 23-time Gland Slam champion Serena Williams and track star and eight-time Olympic champion
Hyundai confirms it will put first pickup, the Santa Cruz, into production at Alabama plant in 2021. Hyundai handout After an unexpectedly long delay, Hyundai has given the go to build a new compact pickup truck, a version of the Santa Cruz concept from the 2015 Detroit Auto Show, at its Montgomery, Alabama assembly plant.
CNBC’s Jim Cramer hails Bob Iger’s leadership of Disney and the early subscriber results of the company’s just-launched streaming platform Disney+. The “Mad Money” host sits down with Dexcom CEO Kevin Sayer to get a deeper understanding of the impact that Big Data will have on businesses. Later in the show he compares the stocks
A cargo chip (L) arrives into the Port of Los Angeles, the busiest container port in the U.S., after departing from the Port of Yantian, China, on November 7, 2019 in San Pedro, California. Mario Tama | Getty Images President Trump announced a month ago that his administration had clinched a trade deal with China.
Military veterans often possess skills that can fortify a financial technology company’s workforce, which is why PayPal has committed to hiring former service members, Chief Financial Officer John Rainey told CNBC Tuesday. Since 2017, PayPal has added more than 180 veterans to its payroll in large part from the help of partnerships with organizations, such