Carnival shares dropped Monday after the company cut its full-year guidance, citing increased fuel costs and unfavorable currency exchange rates. Shares were down as much as 10 percent after the cruise line operator cut its full-year earnings outlook to a range between $4.15 and $4.25 from a range between $4.20 and $4.40 earnings. The Miami-based […]
Read moreDespite jangled nerves over the increasing potential for a global trade war, domestic stocks are outperforming their global counterparts, suggesting the U.S. has the least to lose should the conflict escalate. As major U.S. indexes notched losses of 1 percent or better Monday, others around the world got slammed as well. The Hang Seng in […]
Read moreSeveral of the market’s favorite semiconductor names are tanking on Monday as investors grow concerned over President Donald Trump’s plan to restrict foreign investments in U.S. technology companies. On Sunday the Wall Street Journal said the Treasury Department is drawing up rules to block companies with at least 25 percent Chinese ownership from buying companies […]
Read moreApple is creating a special news section around the 2018 midterm elections, with stories curated by human editors as well as exclusive content, the company said Monday. Apple News will host special midterm features from The Washington Post, Axios and Politico in addition to its curated news hits from “trusted publishers” like Fox News and […]
Read moreAmazon could end up doubling Whole Foods’ customer base through new Prime incentives, tech analyst Mark Mahaney told CNBC on Monday. The e-commerce giant announced Monday that Prime members will have access to special savings in Whole Foods’ locations nationwide, starting Wednesday. Savings include an additional 10 percent off Whole Foods products that are already […]
Read moreDespite bitcoin plunging last month, Goldman Sachs-backed start-up Circle had a big uptick in hedge funds and other big league investors joining its digital currency trading platform. In response, the company is making “Circle Trade” automated, so investors can place high frequency and block orders without talking to an actual person, the company announced Monday. […]
Read moreTreasury Secretary Steven Mnuchin said Monday that a forthcoming statement from the government related to reports of investment restrictions will apply to China and other countries that threaten U.S. intellectual property rights on technology. “On behalf of @realDonaldTrump, the stories on investment restrictions in Bloomberg & WSJ are false, fake news. The leaker either doesn’t […]
Read moreStarbucks shares have fallen 11 percent this year as the coffee giant has grappled with weakened same-store sales and flat traffic in recent quarters, but outgoing executive chairman Howard Schultz said last week the stock is inexpensive. Some market watchers are less than optimistic, at least in the near term. Schultz told CNBC’s Jim Cramer […]
Read moreAT&T said on Monday it would buy online advertisement exchange company AppNexus, less than a month after the No. 2 U.S. wireless carrier closed its $85 billion deal to acquire media company Time Warner. AT&T did not disclose the AppNexus deal value. However, the Wall Street Journal, citing sources, reported last week that the company […]
Read moreSales of new U.S. single-family homes increased more than expected in May as sales in the South surged to their highest level in nearly 11 years. The Commerce Department said on Monday new home sales jumped 6.7 percent to a seasonally adjusted annual rate of 689,000 units last month, the highest level since November 2017. […]
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