Macy’s stock will rise on improving consumer spending and apparel sales, according to one Wall Street firm. Susquehanna raised its rating to positive from neutral for Macy’s shares, predicting the retailer will report earnings above expectations this fiscal year. “We now believe that Macy’s has upside potential to conservative earnings guidance as the fundamental strength […]
Read moreCheck out the companies making headlines before the bell: Kohl’s – The retailer beat Street forecasts by 14 cents a share, with adjusted quarterly profit of 64 cents per share. Revenue beat estimates, as well. Comparable-store sales were up 3.6 percent, better than the Thomson Reuters consensus estimate of a 2.7 percent gain. Kohl’s also […]
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Facebook’s Mark Zuckerberg is heading to Brussels — here's what European lawmakers want to know
Facebook CEO Mark Zuckerberg is set to meet with lawmakers in Europe on Tuesday as concerns over the way his company handles its users’ data continue to pile up. Antonio Tajani, president of the European Parliament, announced Monday that the meeting with Zuckerberg would be webcast live. It is set to be broadcast on the […]
Read moreA former software engineer at Uber Technologies filed a lawsuit on Monday against the ride-hailing service on Monday, claiming she was subjected to years of sexual harassment there and subjected to retaliation for complaining about it. The lawsuit by Ingrid Avendano provides an early test of Uber’s new policy allowing people claiming sexual harassment and […]
Read moreSelf-driving cars are scaring more Americans than they used to. More people now say they would not ride in a fully autonomous car than those surveyed in late 2017, according to AAA. Some 73 percent of U.S. drivers surveyed by AAA said they would be afraid to ride in a self-driving vehicle, a 10 percent […]
Read moreDonald Trump’s approach to foreign relations has never been subtle. But the president’s recent declarations about leveling the trade playing field with China, premised on market competition, are more political than economic, the chief executive of Barings said Tuesday. “It’s definitely about voters now and that’s where you get the rhetoric,” Tom Finke, CEO and […]
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UK government looks to force open $640 million fund untouched since 1928 to pay off national debt
The U.K. government will go to the country’s highest court Tuesday in a bid to force open a £475 million ($640 million) charity fund set up 90 years ago with the intention of paying off the national debt. The “National Fund” was opened in 1928 by an anonymous benefactor who donated £500,000, but on the […]
Read moreA concerning disconnect may be emerging between equities and the market’s measure of volatility, according to one portfolio manager. Dennis Davitt of Harvest Volatility Management told CNBC’s “Trading Nation” he’s carefully watching the Cboe Volatility Index, widely considered the market’s “fear gauge” as it measures equities’ expected volatility over 30 days. Here are his reasons […]
Read moreAirbus said on Tuesday it had taken steps to comply with a World Trade Organization (WTO) ruling on subsidies for its A350 and A380 jets, which has seen the United States and Europe trade legal blows on behalf of Boeing and Airbus. The move comes after the United States won the right to seek sanctions […]
Read moreGwynne Shotwell was a teenager when she met a woman working as a mechanical engineer. Now the president and COO of SpaceX, the most disruptive space company in the world, told CNBC’s Morgan Brennan that this female role model is why she came to be where she is today. “I loved what she was doing, […]
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