Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Lululemon on Wednesday reported quarterly earnings and sales that topped analysts’ estimates, as more shoppers around the world picked up its yoga pants and sports bras. And its men’s business continued to grow. But
More than 200,000 Robinhood users are “already in line” for fractional stock trading on the app in the few hours since it announced the service, co-CEO Vladimir Tenev told CNBC’s Jim Cramer on Thursday. “The early signs are really promising,” Tenev said on “Mad Money.” “We just have to keep focus on what we’ve always
Gerrit Cole #45 of the Houston Astros pitches during Game 1 of the 2019 World Series between the Washington Nationals and the Houston Astros at Minute Maid Park on Tuesday, October 22, 2019 in Houston, Texas. Cooper Neill | Getty Images Five Major League Baseball teams are set to spend more on their top two
René Lacerte, CEO and founder of Bill.com Source: Bill.com Shares of fintech company Bill.com soared a whopping 60% on its first day of trading on the New York Stock Exchange on Thursday. Bill.com, which sells software services to small- and medium-sized business to help with payment processes, was priced at $22 per share before its
A sign of Saudi Aramco’s initial public offering (IPO) is seen during a news conference by the state oil company at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad I Mohammed | Reuters Saudi Aramco set new records as the world’s biggest initial public offering. And, chances are, you’re shut out
Upset mature couple ignoring each other. Close up of a worried senior man in tension at bed. Senior … [+] couple angry with each other after a fight. Getty Brilliant bond manager Jeffrey Gundlach—aka the “bond god”—has decreed that it’s time to sell “junk” bonds. And he’s gone as far as to say that one-third
Share to facebook Share to twitter Share to linkedin The long-awaited trade deal could finally be happening. Nicholas Kamm/AFP via Getty Images Topline: U.S. and Chinese negotiators have agreed upon the terms of a phase one trade deal that now only awaits President Donald Trump’s approval, with an official confirmation possible as early as this
The skyline in the distance beyond Lake Washington and Interstate 90 crossing the lake shot from a … [+] helicopter at an altitude of about 400 feet. Getty If you’re deciding on where to buy a house, you shouldn’t just consider city and state. Important things like property taxes and school districts operate on a
A Southwest Airlines jet leaves Midway Airport on January 25, 2018 in Chicago, Illinois. Scott Olson | Getty Images Southwest Airlines said Thursday it has reached agreement with Boeing to compensate the airline for some of the financial damages from the grounding of the 737 Max. Southwest didn’t disclose the terms of the agreement, but
Delta Air Lines CEO Ed Bastian told CNBC on Thursday he expects the consumer to remain strong in the new year, and that’s why the carrier is raising its earnings guidance. Speaking to CNBC’s Phil LeBeau from the company’s investor day in Atlanta, Bastian said Delta is targeting revenue growth of 4% to 6% in
President Donald Trump delivers remarks at a Keep America Great Rally at the Rupp Arena in Lexington, Kentucky, November 4, 2019. Yuri Gripas | Reuters President Donald Trump is not expected to impose new tariffs on China this weekend, but he may not have much of a trade deal to show either. That promise, however,
A Warby Parker’s store in The Standard, Los Angeles, California. Michael Buckner | Getty Images When Dave Gilboa lost a pair of eyeglasses early on a post-college backpacking trip, little did he know it would lead him to form and co-CEO a company that would not only take on the biggest glasses entity in the
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters It may have been quite the decade for the U.S. exchange-traded fund market, but the next one could see its assets surge tenfold to $50 trillion, Bank of America predicted. “The current growth rate points to ETF assets approaching $50tn
Hiroshi Watanabe | Getty Images You’re probably already aware that wealth in America is a tale of haves and have-nots. But new research shows just how big the disparity is in 401(k) plan accounts — workplace retirement savings plans that were created to help all individuals get ahead. There are two main reasons why the
Fullerton Police officer wears his Axon body camera on his chest while on patrol in Fullerton, California, on February 16, 2017. A proposed bill in the California legislature would ban law enforcement in the state from using facial recognition software and biometric scanners in body cameras. Axon body cameras do not use facial recognition software.
Top secret red grunge stamp Getty Since the dawn of regulation of mutual funds in America (1940) until early in the new millennium, the fund industry enjoyed a largely underserved reputation for responsible stewardship and high integrity. While I remain the only mutual fund compliance director in history to ever turn whistleblower, I can assure
WASHINGTON, USA – DECEMBER 21 : A Christmas tree stands in front of the U.S. Capitol building in … [+] Washington, DC, United States on December 21, 2018. (Photo by Yasin Ozturk/Anadolu Agency/Getty Images) Getty Images Congress must pass a comprehensive funding bill by the end of next week to avoid a repeat of last
Share to facebook Share to twitter Share to linkedin Chartwell Estate Gitlin Properties Another record-breaker has hit the books in California. The Los Angeles estate known as Chartwell has reportedly sold to Lachlan Murdoch, son of News Corp CEO and executive chairman Rupert Murdoch, as the Wall Street Journal reported earlier today. Lachlan Murdoch is co-chairman of
CNBC’s Jim Cramer has made a u-turn on Tesla from an “agnostic skeptic” to an “outright bull” on the stock. The “Mad Money” host on Wednesday exclaimed “I’m a true believer in Tesla,” breaking down his metamorphosis on the electric-car company he classifies as a “battleground stock.” “All my career I have been fascinated by
GameStop cut its full-year profit forecast on Tuesday as the video-game retailer struggles with customers delaying console purchases ahead of new launches and a shift to digital downloads of games, sending its shares plunging 20%. The company, which gained popularity by selling video games for Atari consoles in the 1980s, now also faces the rise