It is not secret that Jim Cramer loves when companies engineer rational break-ups, and in the case of Wyndham Worldwide, his sentiments were no different. Wyndham Worldwide CEO Steve Holmes told the “Mad Money” host on Thursday that the split would, indeed, be “great for the business,” particularly because Wyndham’s hotel and timeshare components had […]
Read moreWhen President Donald Trump tweeted that “business is looking better than ever,” adding that “that just doesn’t happen,” Jim Cramer took the leader of the free world up on his claim. “Business is looking better than ever with business enthusiasm at record levels. Stock Market at an all-time high. That doesn’t just happen!” Trump wrote. […]
Read moreThe White House asked Apple, Google and other tech giants to help give the government a tech upgrade
The White House has asked the likes of Apple, Amazon, Oracle and Qualcomm to lend some of their digital expertise to Washington, D.C. in the coming months to help the Trump administration rethink the way that federal agencies use technology. On a private call with those and other major tech companies Thursday, top advisers to […]
Read moreCheck out which companies are making headlines after the bell on Thursday: Shares of Viacom fell more than 6 percent after initially jumping nearly 4 percent during after-hours trading. The company reported earnings of $1.17 per share on revenue of $3.36 billion, topping expectations for $1.05 per share on revenue of $3.29 billion, according to […]
Read moreThe pressure is on for Tesla’s Model 3. If Tesla’s latest model fails to produce margins, the popular automaker could potentially be spending more than $1 billion a quarter, said an analyst. “[Tesla has] a billion dollars of capital spending per quarter. So they could be burning through more than a billion dollars per quarter […]
Read moreKleiner Perkins, one of Silicon Valley’s old-guard venture capital firms, is moving fast to plug holes in its investment team. The firm, which was founded in 1972, just nabbed Mamoon Hamid as a general partner. Hamid co-founded Social Capital, and led investments there in Slack, OneLogin and other enterprise tech deals. Hamid confirmed the move […]
Read moreGoPro reported quarterly results and revenue that beat analysts’ expectations on Thursday. Here’s how the company did compared to what Wall Street expected: Loss per share: 9 cents vs. 25 cents expected, according to Thomson Reuters Revenue: $296.5 million vs. $269.6 million expected, according to Thomson Reuters In the year ago quarter, GoPro reported adjusted […]
Read moreYelp shares rallied more than 18 percent in after-hours trading on Thursday, after announcing it would sell one of its businesses to GrubHub and buy back $200 million worth of shares. Yelp will sell Eat24, an online food ordering business, to GrubHub, the parent company of Seamless and MenuPages. The $287.5 million all-cash deal will […]
Read moreUber was slow to pull recalled cars off the road in Singapore, until one driver was in a car that caught fire, the company said. Unlike most ride-hailing start-ups, Uber’s Singapore operation owned its fleet of thousands of used cars to rent to drivers. Among them were cars from cheaper “gray market” importers, rather than […]
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THE trend seems clear. Spirit Airlines became the most profitable carrier in America at the same time that it was the most complained about. Frontier Airlines cut costs, became a no-frills budget carrier, and went from posting big losses to notching big gains. American, Delta and United scrambled to keep up, slashed comforts and amenities, […]
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