One Medical, the venture-backed primary care group with 60 clinics nationwide, has tapped an executive from health insurance giant UnitedHealth Group to be its new CEO. Amir Rubin, the executive vice president and CEO of Optum, a division of UnitedHealth, was named to the top post on Tuesday, One Medical told CNBC. Tom X. Lee, […]
Read moreChina’s Dalian Wanda Group did not fund a spate of deals made by AMC Entertainment Holdings, the U.S. cinema chain majority owned by Wanda said late on Tuesday, after reports that Beijing was cracking down on the Chinese firm’s overseas deals. AMC’s shares dived over 10 percent on Monday after sources said regulators in China […]
Read moreThe GOP’s failure to pass health care reform has shaken the market, so much so that Jim Cramer made the case for cordoning off Wall Street from Main Street. While Wall Street obsesses over the FANG stocks, Cramer’s acronym for Facebook, Amazon, Netflix and Google, now Alphabet, for being the few plays immune to Washington’s […]
Read moreIn light of Netflix’s strong earnings report, Jim Cramer knows CEO Reed Hastings understands three things: content can be king, people love bargains, and bigwig money managers will invest in internet stocks with promise. “Netflix is, to the naked eye, a two-pronged success. If your company can produce local content that people love worldwide and […]
Read more
The technology sector may be seen by the stock market as the hotbed of growth and the rally’s main driver, but Jim Cramer wanted to put its performance into context. “It’s not like tech is vaulting into the stratosphere while everything else does nothing,” the “Mad Money” host said. “What we have here is a […]
Read moreThe GOP’s failure to pass health care reform has shaken the market, so much so that Jim Cramer made the case for cordoning off Wall Street from Main Street. “I want to cordon off Cramerica and do it today. … Today’s breakdown of the GOP’s most bedrock campaign promise, repealing and replacing Obamacare, has cast […]
Read moreCongress should hold an antitrust hearing into the Amazon-Whole Foods deal to figure out what the implications of the transaction may be, Rep. David Cicilline, D-R.I., told CNBC on Tuesday. In June, Amazon said it planned to acquire the grocery store chain for $42 a share, in a deal valued at $13.7 billion. Last week, […]
Read moreIBM stock was down 2.5 percent on Tuesday after the company disclosed earnings for the second quarter of the year, falling short of revenue estimates but beating earnings estimates. EPS: Excluding certain items, $2.97 in earnings per share vs. $2.74 in earnings per share as expected by analysts, according to Thomson Reuters. Revenue: $19.29 billion […]
Read moreDespite posting 21 quarters of year-over-year revenue declines, IBM is always looking for “profit pools” in enterprise technology, Martin Schroeter, IBM’s senior vice president and chief financial officer, told CNBC’s “Closing Bell” on Tuesday. Big Blue reported earnings after the bell, posting mixed second quarter results, as earnings per share exceeded expectations but revenues fell […]
Read moreThe co-founder and former CEO of the organization behind ethereum is worried about the surge of interest in developing new digital currencies, according to a Bloomberg report Tuesday. The key reason is a jump in token sales, or initial coin offerings, that have raised about $600 million in the last month alone, according to a […]
Read more