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 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 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 moreHere’s a breakdown of the biggest numbers in Friday’s nonfarm payroll report for April: The good: The unemployment rate fell to 3.9 percent during the month, the lowest level since December 2000. Black unemployment dropped to 6.6 percent, its lowest level ever. The bad: There were two points that gathered a lot of attention — […]
Read moreWarren Buffett is not looking to buy all or part of General Electric, the investment magnate told CNBC on Friday. “That’s not the case. If that was the case, I wouldn’t be talking about it anyway,” Buffett told CNBC’s Becky Quick. Unsubstantiated reports in March that some big investors were beginning to analyze buying all […]
Read moreBillionaire Mario Gabelli, founder and CEO of Gamco Investors, believes now is the right time to be buying stock in sports, esports and gambling companies. “I want everyone to own a piece of a baseball team,” Gabelli said on CNBC’s “Squawk Box” on Friday. “And you can do it by buying shares of the Atlanta […]
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There’s trouble brewing in tech land, and TradingAnalysis.com founder Todd Gordon is looking to short one flagship FANG name in particular. On a chart of the Nasdaq 100-tracking ETF (QQQ), Gordon noted that the chart is being held up by strong support well above its 200-day moving average. But when you look beneath the surface, […]
Read moreCheck out the companies making headlines before the bell: Apple – Berkshire Hathaway’s Warren Buffett told CNBC that Berkshire bought 75 million Apple shares during the first quarter, bringing its total holdings to 240.3 million shares. Alibaba – Alibaba reported quarterly profit of RMB 5.73 versus the consensus estimate of 5.45. Revenue also beat forecasts, […]
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