April’s solid job growth and historically low 3.9 percent unemployment rate are positive signs for the economy, but sluggish productivity growth and tepid wage growth raise red flags. The economy added 164,000 jobs last month, and unemployment fell more than expected, but wage growth was just 0.1 percent, half of what was expected. Economists said […]
Read moreA stronger-than-expected first-quarter earnings beat and an updated full-year outlook sent Shake Shack shares soaring on Friday. The results help ease fears that the company’s aggressive expansion plans would hurt sales at its existing stores. The company expects to add 32 to 35 U.S. company-owned stores this year. The burger joint, which reported its earnings […]
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The once-hot chip stocks have fallen out of favor lately, down 15 percent from the recent high and snapping a historic win streak. That move is flashing a warning sign to the rest of the market, said Charlie Bilello, director of research at Pension Partners. “Back in May 2016, the SOX index first crosses above […]
Read moreBillionaire investor Warren Buffett sees the value of Apple differently than most Wall Street analysts, CNBC’s Jim Cramer said Friday. “Analysts after analysts said if you look at the mosaic of [iPhone] orders, it’s got to be a bad quarter,” said Cramer, whose charitable trust owns shares of Apple. “[Buffett] obviously does not think about […]
Read moreCurrency, United States Finance
Ferrari shares hit an all-time high on Friday after better-than-expected earnings led to several positive analyst ratings for the luxury automaker. The company’s stock price rose more than 7 percent to a record high of 114.70 euros ($137.05) on the Borsa Italiana stock exchange in Milan on Friday afternoon. The stock led the pan-European Stoxx […]
Read moreBerkshire Hathaway’s recent decision to scoop up another 75 million shares of Apple shows yet again — Hathaway already held 165.3 million shares — that Apple is one of the few tech companies that fits into Warren Buffett’s investment philosophy. Buffett’s investment model has many components, of course, but Apple almost alone among big tech […]
Read moreNearly three-quarters of global chief financial officers (CFOs) believe the U.S. economy will remain strong over the next three years, according to a report. Of the 497 CFOs across 30 countries surveyed by Zurich Insurance Group, EY and the Atlantic Council, 71 percent expected continued improvement in the U.S. business environment over the next three […]
Read moreRohingya refugees in makeshift camps along the Bangladesh-Myanmar border could soon face a new threat to their living conditions — the monsoon season. The majority of the approximately 700,000 refugees from Rohingya to have crossed the border since fleeing violence in Myanmar have mostly ended up in Cox’s Bazar, a region notorious for flash floods […]
Read moreWarren Buffett stepping down from the Kraft Heinz board hasn’t “really changed anything,” Bernardo Hees, the ketchup maker’s CEO said Friday. Hees’ comments came in response to a question from CNBC’s Becky Quick about whether Buffett’s departure would allow the company to make a hostile bid. “I don’t think Warren leaving the board really changed […]
Read moreWarren Buffett appears to be pushing Apple stock ahead of the rest of the tech sector. The Dow dropped 100 points at the open; tech giants Amazon, Alphabet, Netflix and Facebook all started trading in the red — but Apple is up more than 3 percent. Buffett is in Omaha for the annual meeting of […]
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