Home improvement sales may be the one of the few bright spots for Home Depot. Daniel Binder, an analyst at Jefferies, predicts the retailer will beat expectations next week due to strong housing sales that are boosting demand for products used in home improvement projects. “Home improvement spending still remains healthier than most areas in […]
Read moreLeuthold Chief Investment Officer Doug Ramsey is expecting a market downturn and a spike in volatility as early as the next six to eight weeks. Ramsey cited growing highs in investor sentiment as a contrarian indicator that a short-term sell-off may be at hand. The strategist told CNBC in a phone interview that he expects […]
Read moreCurrently, Microsoft co-founder Bill Gates is worth almost $90 billion and is the richest man in the world, according to Forbes. But everybody starts somewhere. A glimpse of his resume from 1974, when he was 18, reveals that during his first year at Harvard, Gates was already making $15,000. In today’s dollars, that’s almost $75,000, […]
Read moreIs Blue Apron a tech start-up or a food company? Your answer may depend on which coast you live on. On the east coast, people tend think of it as a food company. When I lived in New York City I ordered Blue Apron because I wanted to cook something but also didn’t walk to […]
Read moreThreats of Armageddon are flying between the U.S. and North Korea. President Donald Trump even implied he will launch a pre-emptive strike on North Korea, possibly using tactical nuclear weapons. The Pentagon has a plan to do just that. If carried out, however, it will fail and will likely undermine the real tools of arms […]
Read moreShares of Planet Fitness were up more than 7 percent midday Thursday after the company beat top- and bottom-line second-quarter expectations. In a call with investors, executives of the low-cost gym chain pointed to its appeal to casual exercisers and ability to snap up vacant swaths of retail real estate. Planet Fitness’ stock traded as […]
Read moreBlue Apron has had a rough quarter — but in an interview with CNBC Thursday, the company’s CEO said he remains optimistic. The company’s stock slumped more than 11 percent mid-morning after the business posted mixed financial results. It’s another blow for the newly public company, which has languished below its $10 IPO price amid […]
Read moreYou will get chipped. It’s just a matter of time. In the aftermath of a Wisconsin firm embedding microchips in employees last week to ditch company badges and corporate logons, the Internet has entered into full-throated debate. Religious activists are so appalled, they’ve been penning nasty 1-star reviews of the company, Three Square Market, on […]
Read moreSnapchat parent Snap reports earnings Thursday, and for all the investor hype and media attention surrounding it, it’s important to note one thing: Snap is one of the most extremely over-analyzed stocks relative to its overall value. In fact, the social media company has more analysts covering it than it has billions of dollars in […]
Read moreHyperloop, the high speed transportation system envisioned by Elon Musk, could come to an Asian country in the next few years, according to the chief executive of a company working to bring Musk’s vision to life. Dirk Ahlborn, CEO of Hyperloop Transportation Technologies (HTT), sees a working hyperloop in the next three to four years. […]
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