Stocks on Wall Street slipped on Thursday while the dollar recouped some losses on the back of positive data ahead of Asia’s Friday trading day. Markets also awaited the release of China trade data during the session, while U.S. inflation and retail sales data are due just ahead of trading day stateside. U.S. producer prices […]
Read moreExecutives at HP are cautiously optimistic heading into next year. The maker of printers and PCs said on Thursday it expects adjusted diluted earnings per share in the range of $1.74 to $1.84 in the 2018 reporting period, which ends October 31, 2018. That’s on the high end of the range of $1.68 to $1.86 […]
Read moreSamsung Electronics on Friday said it was expecting record operating profits of about 14.5 trillion Korean won ($12.8 billion) for the September quarter, seeing a massive jump of nearly 179 percent from the same period a year earlier. That estimate beat a Reuters average forecast of 14.3 trillion Korean won in operating profits. The South […]
Read moreThere are few things CNBC’s Jim Cramer likes more than a broad-based rally, and often times, unknown stocks are the ones driving the gains. “At a time when so many stocks have come up so far so fast, I think it’s worth calling attention to these stealth out-performers that, in many ways, are far more […]
Read moreChecking in for a flight is going the way of the paper airplane ticket. An updated version of Delta Air Lines‘ iOS mobile app now checks travelers in for their flights automatically, a recent change the airline said was in response to customer demand. Travelers now just have to click on the app and tap […]
Read moreCNBC’s Jim Cramer is hoping to see strategic changes made at Procter & Gamble after the consumer foods giant narrowly won a proxy fight with activist investor Nelson Peltz. “Why not expect some change?” the “Mad Money” host said. “Nearly half the shareholders who voted agreed with Peltz that Procter is too insular and not […]
Read morePharmaceutical companies aren’t often associated with technology prowess, but a select few are trying to change that. CNBC has learned that GlaxoSmithKline, Johnson & Johnson and other pharma companies are actively recruiting technologists from companies like Google and Microsoft‘s LinkedIn. The goal is to hire engineers to help modernize the processes that big pharma uses […]
Read moreBank stocks may be taking a “breather” but there are a lot of positive drivers going into 2018, analyst Ken Leon told CNBC on Thursday. Those catalysts include “rising rates for net interest income, the Federal Reserve with a new bank supervisor, more pragmatic regulation and then, of course, tax reform, which would feed into […]
Read moreDomino’s Pizza President and CEO Patrick Doyle told CNBC on Thursday that pizza delivery is getting a major reboot. “We’ve been talking about natural voice as how we think people are going to interact with technology for a while. We started investing in it three or four years ago,” Doyle told “Mad Money” host Jim […]
Read moreIt’s easy to forget that stocks can trade, and trade viciously, on the trends of supply and demand, CNBC’s Jim Cramer said on Thursday. “Like any other market, when there’s too much demand, stocks go higher, and when there’s too much supply … stocks go lower,” the “Mad Money” host said. “Today, you could see […]
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