Not that long ago, General Electric was seen as the very model of corporate success, the American capitalist system in action under a sprawling umbrella of synergized interests. No more. As the company limps into its investor day presentation Monday, it has gone from a paradigm of success to a morass of excess. Where GE […]
Read moreMedia giants Disney and 21st Century Fox haven’t given up on the idea of combining movie and television production operations, CNBC’s David Faber said Friday. “Pencils aren’t down,” he said, citing sources. Shares of 21 Century Fox rose 4 percent in early trading Friday. Earlier this week, Faber broke the news that Disney had approached […]
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Apple could soon surpass a major milestone, according to TradingAnalysis.com founder Todd Gordon. Looking at a chart of the tech giant, Gordon points out what he describes as a “very strong” uptrend going back to the summer of 2016. Drawing a parallel channel line leads the technician to conclude that Apple could rally to meet […]
Read moreCheck out which companies are making headlines before the bell: J.C. Penney – The retailer lost an adjusted 33 cents per share for the third quarter, smaller than the 43 cent loss anticipated by analysts. Revenue beat forecasts, and the comparable-store sales increase of 1.7 percent was higher than the Thomson Reuters consensus of a […]
Read moreThe Nasdaq composite has begun showing clear signs of weakness, according to a strategist who sees trouble ahead for high-flying growth stocks. The Nasdaq on Thursday posted its largest single-day drop in over two weeks. Larry McDonald, founder of the Bear Traps Report, said cracks beneath the surface of the tech-heavy index are signaling further […]
Read moreInvestors poured a record $1.3 billion into funds managing tech shares over the past week, contrasting with a picture of ebbing inflow into world equity vehicles and losses on U.S. stock funds, Bank of America/Merrill Lynch (BAML) said on Friday. The data, which tracks flows through Wednesday, also showed some alarm over junk debt, with […]
Read moreCNBC’s Jim Cramer knows that the cybersecurity industry isn’t going anywhere but up anytime soon. “Cybersecurity is, unfortunately, a secular growth business, meaning that long term, hackers and digital terrorists [are] going to keep trying to steal our data and mess up our systems,” the “Mad Money” host said. “That’s why I think it’s worth […]
Read moreThe government must collaborate with businesses if it wants to solve some of society’s most pressing problems, Johnson & Johnson Chairman and CEO Alex Gorsky told CNBC on Thursday. “It takes all of us working together,” Gorsky told “Mad Money” host Jim Cramer in a special Veterans Day show at the U.S. Military Academy at […]
Read moreCNBC’s Jim Cramer has noticed that some folks on Wall Street find it difficult to reconcile how veterans relate to the world of business. “I think there is some commonality, because leading an enterprise these days is all about the same processes that cadets learn here,” the “Mad Money” host said from a special Veterans […]
Read moreOne of the most successful hedge funds over the last two decades is betting on global growth through stakes in a mall operator, an energy company and a payments processor. In the third quarter, Dan Loeb‘s Third Point hedge fund made new investments in Macerich, a real estate investment trust for mall properties, oil refiner […]
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