If Amazon completes its deal with Whole Foods, there’s little stopping it from just about doubling to a $2,000 stock, leading equity analyst James Cakmak told CNBC on Thursday. Cakmak spoke after some U.S. lawmakers have asked regulators to look into whether the Amazon-Whole Foods deal violates antitrust laws. In June, Amazon said it planned […]
Read moreCurrency, United States Finance
EU president’s press conference interrupted by a phone call. It wasn’t his wife.
It should have been just another routine press conference for the European Commission. Right at the end of President Jean-Claude Juncker‘s remarks his phone rang. Juncker reached into his pocket while apologizing to his fellow politicians and journalists in the room. “It’s my wife,” he said. “Sorry.” After looking at his phone, Juncker realized it […]
Read moreSpain’s economy is heading in a “very good direction” and is set to grow more than the European Union, the CFO of the Spanish lender Bankia told CNBC on Thursday. The retail bank beat analysts’ expectations when reporting second quarter profits Wednesday of 210 million euros ($244 million). Analysts had forecast a net profit of […]
Read moreComcast earnings beat analysts expectations when the company reported before the bell on Thursday, amid a big pop in film revenue and double digit surges in NBCUniversal and theme parks. Filmed entertainment revenue grew 59.6 percent during the quarter amid the release of “Fate of the Furious.” Class A shares rose 1.5 percent in pre-market […]
Read moreSamsung’s chip division, which propelled it to record second quarter earnings, could be almost twice the size of Intel’s entire business. The South Korean electronics giant reported operating profit of 8.03 trillion Korean won ($7.21 billion) in its semiconductor division in the three months to June, accounting for more than 57 percent of its entire […]
Read moreEurope’s Airbus on Thursday unveiled a one-third slump in half-way operating profit on flat revenue, as delays in engine deliveries for its upgraded A320 neo hit interim earnings. The world’s second largest plane maker after Boeing stuck to its financial targets and production plans, but suggested reaching its 2017 delivery target depended essentially on deliveries […]
Read moreSay “disruptive start-up,” and most people will think of Uber or Airbnb. Anthony Scaramucci thinks of the United States of America. The White House’s newly installed communications director likened the U.S. to some of the world’s most formidable corporates Wednesday, saying it’s a nation intent on treading its own path. “This nation is a disruptive […]
Read moreThe chief executive of Deutsche Bank has defended the bank’s mixed bag of results as markets reacted negatively to lower-than-expected second-quarter revenues. Speaking to CNBC on Thursday as Deutsche Bank’s shares traded around 3 percent lower, Chief Executive John Cryan said that the market reaction was “largely driven by the composition of our results” but […]
Read moreHuawei, the world’s third-largest smartphone vendor by shipment, said that its consumer business group saw sales revenue for the first six months ending in June grow by 36.2 percent on-year to 105.4 billion yuan ($15.65 billion). Its smartphone shipment rose 20.6 percent on-year to 73.01 million. In May, a report from Gartner said Huawei had […]
Read moreLloyds Banking Group‘s biggest half-year profit in eight years and an increase in interim dividends was clouded by ongoing misconduct charges, as the lender reported its first set of results since the bank exited government ownership. Britain’s largest retail bank reported Thursday a statutory pretax profit of 2.5 billion pounds ($3.28 billion) on Thursday, about […]
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