The Dow is getting whiplash this week. The blue-chip index is seeing another triple-digit rally on Thursday, its second since Monday, after a trade sell-off midweek. Matt Maley, equity strategist at Miller Tabak, sees two Dow stocks to buy and one he would avoid in this market’s swings and roundabouts. A stronger dollar and trade […]
Read moreUber riders will soon be able to pay for a trip with the money sitting in their Venmo accounts. The leading ride-hailing company will introduce a “Pay with Venmo” option as part of an ongoing partnership with PayPal, which owns Venmo, PayPal said Thursday. The feature could give Venmo a boost as it fights off […]
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Papa John’s reputation with executives in the pizza industry has deteriorated after public backlash against its founder, John Schnatter, CNBC’s Jim Cramer said Thursday. “When you talk to high-level people in the pizza industry, there are people who think this company is falling apart,” Cramer said on “Squawk on the Street.” Cramer spoke as the […]
Read moreAt 23, Austin Russell is remarkably young to be a CEO. But he’s starting to find his way as an executive. That’s because the young entrepreneur founded his self-driving car technology company Luminar more than half a decade ago — when he was just 17 and still in high school. Of course, Russell has always […]
Read moreNBA Commissioner Adam Silver expressed a preference for Disney in its battle against Comcast for Rupert Murdoch’s Twenty-First Century Fox in an interview with CNBC’s Julia Boorstin. “I’m a big Bob Iger fan. Of course Disney is one of our huge partners,” he said in Sun Valley, Idaho. “In a way, I am rooting for […]
Read moreL Brands shares tumbled on Tuesday after the company announced weak sales in its Victoria’s Secret stores for last month. The stock dropped nearly 10 percent and was on track for its worst day since March 1, when it fell 13.9 percent. L Brands said same-store sales for Victoria’s Secret — a key measure followed […]
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DEAR chief executive. First, congratulations. You have decided to float your firm’s shares on the stockmarket. After years of toil behind the scenes, it’s time for the big stage. You probably feel pretty good right now, especially after those insightful bankers from Goldman Sachs said that your firm is one of the most impressive that […]
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MERGERS of euro-area banks from different countries, a banker jokes, are “very much like teenage sex. There’s a lot of talk, but little action. And when it does happen, there’s a lot of disappointment.” In recent months gossip has linked each of France’s three biggest banks (BNP Paribas, Crédit Agricole and Société Générale), as well […]
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AS AMERICA presses North Korea to abandon nuclear weapons, it has pointed to Vietnam as an example of the prosperity that awaits the isolated state. “It can be your miracle in North Korea as well,” Mike Pompeo (pictured), the secretary of state, said on July 8th, on a visit to Hanoi. It is not the […]
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EVEN by the standards of Hollywood, it sounds an unlikely pitch—an app that offers almost unlimited access to cinemas for $10 a month. The service, called MoviePass, pays cinemas full price for nearly every ticket that filmgoers use. By design, it loses more money the more people use it. The ending seems to be predictable. […]
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