The S&P 500 may be hovering near record highs, but the stock market may be weaker than it currently appears. Over the past two weeks, nearly as many stocks in the index have hit 52-week lows as 52-week highs, with 59 in the former category and 72 in the latter. And the percentage of NYSE […]
Read moreUber’s new CEO pick, Dara Khosrowshahi, is not a household name, unlike other candidates who were on the shortlist, including Hewlett Packard CEO Meg Whitman. But Khosrowshahi has C-suite chops: He’s been CEO of travel website Expedia since 2005, leading the company though brand expansions including Expedia.com, Hotels.com and Hotwire. Now, Uber reportedly wants him […]
Read moreCheck out which companies are making headlines before the bell: Best Buy – The electronics retailer came in six cents a share above estimates, with adjusted quarterly profit of 69 cents per share. Revenue also came in above forecasts. Same-store sales were up 5.4 percent, beating the consensus Thomson Reuters estimate of a 2.2 percent […]
Read moreThe landscape in Europe is changing but investing in European companies isn’t far-fetched, analysts told CNBC. The euro has strengthened against the dollar, rising to more than 14 percent since the start of the year, on geopolitical concerns posing risks to businesses in Europe as their products become more expensive abroad. Though some analysts fear […]
Read moreThe euro has risen more than 14 percent against the dollar so far this year due to optimism about economic growth and fewer political risks, and this climb is expected to continue, according to several market analysts. “Long euro is not really a crowded trade right now. There is reluctance to believe it will go […]
Read more
Best Buy reported second-quarter earnings and sales on Tuesday that topped analysts’ expectations. Looking ahead, the company has also raised its outlook for the full year and is calling for continued consumer “momentum.” The Minnesota-based retailer said stronger shopper demand for its technology products, such as smartphones and wearable devices, boosted its sales at established […]
Read moreFord and Domino’s Pizza are teaming up to test self-driving pizza delivery cars in Michigan, as part of an effort to better understand how customers respond to and interact with autonomous vehicles. In the coming weeks, randomly selected Domino’s customers in Ann Arbor, Michigan will have the option to accept pizza deliveries from a Ford […]
Read moreNorth Korea fired a ballistic missile over Japan’s northern Hokkaido island into the sea early on Tuesday, prompting warnings to residents to take cover and drawing a sharp reaction from Japanese Prime Minister Shinzo Abe. The test, one of the most provocative ever from the reclusive state, came as U.S. and South Korean forces conduct […]
Read moreNorth Korea accused the United States on Tuesday of driving the Korean peninsula towards “an extreme level of explosion” and declared that it was justified in responding with “tough counter-measures.” Han Tae Song, North Korea’s ambassador to the U.N. in Geneva, did not explicitly refer to his country’s latest test firing of a ballistic missile […]
Read more
WAITING to see if your checked bag will bump down the carousel and join you at your destination is one of the enduring anxieties of air travel. Though the number of “mishandled” bags—an industry term meaning lost or misplaced—is at an all-time low, six out of every 1,000 passengers can expect to be separated from […]
Read more