CVS Health appears willing to pay top dollar for a health insurer in an effort to hold its own against competitors. If drugstore operator CVS bought health insurer Aetna at the reported price of at least $200 per share, the $66 billion deal would be the largest ever in health insurance history, according to an […]
Read moreThe euro plunged following Thursday news from the European Central Bank and U.S. stocks closed mostly higher on strong earnings releases ahead of Friday’s Asian trading day. The European Central Bank on Thursday said it would reduce monthly asset purchases to 30 billion euros ($35 billion) from 60 billion euros beginning in January 2018. Those […]
Read moreAmazon has been making a strong push towards brick and mortar lately, acquiring Whole Foods and opening dozens of bookstores and pop-up stores. But almost all the revenue from its push into the physical world is coming from Whole Foods. Amazon broke out sales from “physical stores” for the first time in its third-quarter earnings […]
Read moreAmazon CEO Jeff Bezos and Google co-founders Larry Page and Sergey Brin added $8.6 billion to their combined wealth on Thursday, thanks to better-than-expected earnings reports from two of the world’s three most valuable internet companies. Bezos picked up an additional $6.24 billion in value, which likely puts him ahead of Microsoft founder Bill Gates […]
Read moreTimes of economic difficulty tend to bring up talk of “safety stocks,” but in times of economic prosperity, CNBC’s Jim Cramer sees that narrative flip. “What if the definition of safety is changing right before our eyes? What happens when what’s prudent suddenly becomes what’s reckless and what used to be reckless becomes responsible?” the […]
Read moreCNBC’s Jim Cramer has been noticing some disconcerting activity on social media as earnings season continues to drive the rally. “I want to shine a light on something I saw in my feed on Twitter, something that’s actually not a good sign … for this red-hot, scorching bull market,” the “Mad Money” host said. “It […]
Read moreCompetitors trying to take a bite out of GrubHub’s market share haven’t been having much luck, GrubHub CEO Matt Maloney told CNBC on Thursday. Maloney said that competitors like Postmates and Uber Eats, along with their venture-capital backers, have “wasted” billions of dollars on promotions in fruitless attempts to steal diners from GrubHub, currently the […]
Read moreTimes of economic difficulty tend to bring up talk of “safety stocks,” but in times of economic prosperity, CNBC’s Jim Cramer sees that narrative flip. “What if the definition of safety is changing right before our eyes? What happens when what’s prudent suddenly becomes what’s reckless and what used to be reckless becomes responsible?” the […]
Read moreAll the recent criticism of big tech in Washington D.C. and the popular media doesn’t seem to be hurting the companies’ financial results. Four tech giants reported earnings after the bell on Thursday, and all of them beat expectations and saw their stocks shoot up. A quick summary: Amazon: EPS of 52 cents came in […]
Read moreBaidu shares were down as much as 14 percent after the company reported earnings that missed expectations Thursday. The company beat estimated American Depository Share earnings, but missed revenue estimates. Revenue was up 29 percent over this quarter last year. Revenue: RMB 23.5 billion (approximately $3.53 billion) vs. RMB 23.6 billion ($3.56 billion), according to […]
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