Change is coming to HBO, now that it is part of the AT&T corporate family. That much was clear to the 150 employees who attended a recent town hall meeting at the network’s headquarters in Midtown Manhattan. The main speaker was John Stankey, a longtime AT&T executive who now oversees HBO in his new role […]
Read moreChinese internet search behemoth Baidu is poised for stronger revenue as advertising on its news feed improves, spelling further upside for investors, according to KeyBanc Capital Markets. The bank upgraded its rating on shares of the Beijing-based company to overweight from sector weight on Monday, predicting that between its rising ad sales and outlook in […]
Read moreAmazon has turned Prime Day into one of the biggest online shopping holidays. But for many sellers, it’s becoming more expensive to participate. For the second year in a row, Amazon has increased the registration fee to run Prime Day Lightning Deals, which are limited-time promotions exclusively offered to Prime members. It now costs third-party […]
Read moreUtility stocks were among the worst-performing sectors of the market earlier this year, but they’re making a roaring comeback. The utilities-tracking XLU ETF has risen in 13 of the last 14 trading sessions, jumping 10 percent in one month alone. Gina Sanchez, CEO of Chantico Global, told CNBC’s “Trading Nation” on Friday that the run […]
Read moreJimmy Tosh’s sprawling hog farm in rural Tennessee is an unlikely battleground in the fight for control of the U.S. Senate. Yet his 15,000 acres (6,000 hectares) two hours west of Nashville showcase the practical risks of President Donald Trump’s trade policies and the political threat to red-state Republican Senate candidates such as Tennessee’s Marsha […]
Read morePeople don’t talk about trade tariffs in this stretch of the Mississippi River basin, where grains and metals have paid the bills for generations. They skirt the subject at church fundraisers and sidestep it at Jerry’s Café and Quick Stop, where farmers and aluminum workers gossip about everything else. Here, the winners and losers in […]
Read moreForequarter restaurant in Madison, Wisconsin, has managed to pull off a rare feat. Not only has it has stayed in business for six years, it is also still routinely referred to as trendy. On a recent visit, people were already showing up for dinner by 5:00 p.m. on a weeknight. Business is good, said owner […]
Read moreWhen life gives you lemons, make lemonade. That’s the logic behind writing options in a volatile market. The reward for giving someone else the option to buy or sell something has gone way up this year. Last year was among the least volatile in the history of the stock market, based on the Chicago Board […]
Read moreCheck out the companies making headlines before the bell: Starbucks — Outgoing Executive Chairman Howard Schultz said a recent slowdown in China sales is only temporary, and hinted at a possible collaboration with Alibaba founder Jack Ma. Schulz spoke at an event at the coffee chain’s Roastery store in Shanghai. Separately, Starbucks announced plans to […]
Read moreSpotify’s lead over Apple’s music-streaming service in the US is narrowing, denting the air of invincibility around the recently floated pioneer. While Spotify still holds a commanding lead globally, Apple’s faster growth rate in the world’s largest music market reflects its ability to push its services to owners of its devices, such as the iPhone. […]
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