Oath CEO Tim Armstrong told CNBC on Tuesday the National Football League’s protesting controversy, which has continued to draw sharp criticism from President Donald Trump, will pass. “It’s been almost a year since Trump’s been in office. I think there hasn’t been a week or day that hasn’t gone by that there’s not controversy,” said […]
Read moreU.S. stocks rose Tuesday, helped by a recovery in technology stocks. The tech-heavy Nasdaq composite outperformed, climbing about a third of a percent in mid-morning trade. The S&P 500 traded just above the psychologically key 2,500 level, while the Dow Jones industrial average added about 50 points. UnitedHealth, Apple and IBM contributed the most to […]
Read moreLufthansa‘s supervisory board has approved plans by the airline to invest in up to 61 additional planes for its Eurowings budget arm, seeking to fill the gap left by insolvent German rival Air Berlin. The investment in purchasing and leasing 41 A320 single aisle jets and 20 Bombardier Dash 8 Q400 planes will total around […]
Read moreMicrosoft founder and former CEO Bill Gates recently said he switched from using a Windows phone to one that runs Android. “Recently, I actually did switch to an Android phone with a lot of Microsoft software” Gates said while speaking on a Fox News segment where he talked about his relationship with Steve Jobs. Gates […]
Read moreThe S&P CoreLogic Case-Shiller home price index rose 5.9 percent in July compared a year ago, better than the 5.7 percent expected by economists polled by Reuters. The rise was also higher than June’s 5.8 percent increase. David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices, said consumers were […]
Read moreFacebook will soon host official NFL content, including recaps of every regular season and playoff game, in a partnership with the league. The multiyear deal that was announced Tuesday is an important step in Facebook’s push to offer premium content and a telling move for the NFL, which has seen its TV ratings consistently fall […]
Read moreRichard Smith, CEO and chairman of Equifax, abruptly retired Tuesday following a data breach at the credit-reporting service that affected the personal information of 143 million people, according to the company’s board. Equifax shares fell 1.6 percent in early trading on Tuesday. They have fallen 27 percent in September after the company revealed the breach. […]
Read moreCheck out which companies are making headlines before the bell: Shake Shack – The restaurant chain’s stock was downgraded to “neutral” from “outperform” at Wedbush, with potential cannibalization from newly opened locations among the risks mentioned. Darden Restaurants – The restaurant chain operator reported adjusted quarterly profit of 99 cents per share, matching estimates, while […]
Read moreThe Federal Reserve’s plan to methodically raise short-term interest rates over the next couple years may not boost bank shares, contrary to popular belief, and could instead hurt the group’s profitability as it flattens the so-called yield curve, Deutsche Bank said. Analyst Matt O’Connor downgraded shares of JPMorgan and regional bank PNC Financial late Monday […]
Read moreCorporate America is willing to invest money on a longer-term basis under President Donald Trump than the previous “anti-business administration” of Barack Obama, real estate mogul Sam Zell told CNBC on Tuesday. “Bluntly, the only way I can square anything is I focus on what gets done, not what’s said,” the billionaire said on “Squawk […]
Read more