Sprint may have a new chance at success, and it doesn’t involve a T-Mobile merger, Wells Fargo senior analyst Jennifer Fritzsche told CNBC on Tuesday. Fritzsche spoke a day after The Wall Street Journal reported that Sprint has entered into exclusive talks with Charter and Comcast on a potential deal for the cable companies to […]
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In July 2016, the Commission fined MAN, Volvo/Renault, Daimler, Iveco, and DAF a total of 2.93 billion euros for forming a cartel and colluding on truck prices for 14 years. The largest individual fine was on Daimler for 1.008 billion euros. DAF was hit with a fine of 752 million euros, while Volvo/Renault was fined […]
Read moreSalesforce Chief Executive Marc Benioff revealed on Tuesday that he has been at his most aggressive with President Donald Trump when advising him to implement apprenticeship schemes to help retrain swathes of U.S. workers. Benioff first raised hopes of introducing an extensive apprenticeship program at a White House meeting in March. He emphasized that the […]
Read moreAmazon‘s new Echo Show, which begins shipping to customers this week, has a really creepy feature. It’s called “drop in” and lets pre-approved users suddenly appear on your Amazon Echo for two-way video chats. You don’t answer the video call, your friends and family can just drop right into your home. Sounds like something out […]
Read moreOppenheimer Asset Management’s John Stoltzfus is finding himself in an unusual situation. The S&P 500 has already closed above his bullish 2017 price target, and it’s not even the second half of the year. “We think there’s likely opportunity for us to raise it,” the firm’s chief investment strategist said Monday on CNBC’s “Trading Nation.” […]
Read moreThe U.S. economy needs tax reform, infrastructure spending and better regulations to make sure the benefits of expansion hit everyone, according to the International Monetary Fund. Without mentioning President Donald Trump by name, the IMF’s recommendations dovetail for the most part with the White House’s economic goals. “The U.S. economic model is not working as […]
Read moreShares of Darden Restaurants jumped Tuesday after the company posted better-than-expected fiscal fourth-quarter earnings. The company said it earned $1.18 per share ex-items on revenue of $1.94 billion. Analysts had expected earnings per share of $1.15 on revenue of $1.87 billion, according to Thomson Reuters. In premarket trading, Darden shares were up 2.3 percent. At […]
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After three years of huge losses, a large exchange-traded fund tracking Spanish stocks, the iShares MSCI Spain Capped ETF, has risen 23 percent this year. With the European economic outlook strengthening, some strategists see further gains in the exchange-traded fund. The market-weighted fund, heavily skewed toward the financial sector, covers the top 85 percent of […]
Read moreShares in Russian business conglomerate Sistema slumped by as much as 17 percent early on Tuesday, after a Russian court froze some of its assets as part of a legal dispute with oil company Rosneft. Rosneft is suing Sistema for 170.6 billion roubles ($2.9 billion) in damages following its purchase of oil producer Bashneft last […]
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Merck said Tuesday its cholesterol drug Anacetrapib met its primary goal in a study, significantly reducing coronary heart disease. Shares of the pharmaceutical company spiked more than 3 percent in premarket trade and were last trading about 1.6 percent higher. Results of the study on 30,000 individuals will be presented on Aug. 29 at a […]
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