Month: April 2019

Stocks picks are locked in, and the clock is ticking after the close of CNBC’s 2019 Stock Draft Thursday afternoon. Jim Cramer weighed in on which celebrity stock-pickers he’s betting on to win, and offered tips for at-home investors to play along. CNBC’s main competition rolls from Thursday’s close until the end of January 2020
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Getty Images Facebook CEO Mark Zuckerberg delivers the keynote address at Facebook’s F8 Developer Conference on April 18, 2017 at McEnery Convention Center in San Jose, California. Check out the companies making headlines midday Thursday: Facebook — Shares of the social media giant jumped more than 6% after the company reported better-than-expected revenue for the
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Altria‘s investment in Canadian cannabis company Cronos ate into the tobacco company’s first-quarter profits, the company said Thursday. Marlboro cigarette maker Altria’s earnings slid 41% from the year before, missing analysts estimates on both profit and revenue. Its shares slid by almost 5% in intraday trading Thursday. Altria’s first-quarter net income of $1.12 billion, or
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Officials from the FBI and U.S. Attorney’s office in Florida have been interviewing customers of JetSmarter about the private jet company’s business practices and communications, according to JetSmarter customers. The scope and nature of the inquiries are unclear. In a statement to CNBC from JetSmarter and its new owner Vista Global, the company denied JetSmarter
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Shares of Dow component 3M tumbled Thursday after the manufacturing giant reported a lower-than-expected quarterly profit, cut its 2019 earnings forecast and announced plans to lay off 2,000 workers. The job cuts, part of moves to restructure its businesses into four operating units from five, would result in an estimated annual pretax savings of $225
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Comcast is set to report earnings for its first quarter of 2019 before markets open on Thursday. Here are the numbers analysts are expecting: Earnings per share: 68 cents expected, per Refinitiv survey of analysts Revenue: $27.2 billion expected, per Refinitiv survey High-speed internet customers: 353,000 net adds expected, per FactSet consensus estimate Comcast has
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CNBC’s Jim Cramer on Wednesday said too many Wall Street watchers assumed that businesses’ first quarter earnings results would be horrid and now the stock market is rallying on companies besting expectations. Analysts based their 2019 predictions on the Federal Reserve-induced fourth-quarter sell-off and prolonged U.S.-China trade war, but never revised their outlooks as the
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Textron Inc.: “Textron reported an upside surprise. I figured the stock would have some staying power. No, it just went right back down and that’s why I say [don’t buy].” Halliburton Co.: “Is it time to move into the house of pain? I don’t know. I don’t even want to sublet there.” Eagle Pharmaceuticals Inc.:
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Check out the companies making headlines after the bell: Shares of Facebook popped more than 7% in extended trading Wednesday following the release of the social media giant’s first-quarter earnings. Facebook reported earnings per share of 85 cents, which was not comparable to analysts’ estimates due to a $3 billion legal expense related to a
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Americans are more optimistic than they’ve been in years about life in retirement. Yet one question remains: Will they have enough money? According to a new study by the Employee Benefit Research Institute, confidence among U.S. workers has rebounded to pre-recession levels, with 67% saying they are very or somewhat confident they’ll be able to
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Philanthropist Melinda Gates is calling on religious and political leaders to embrace the role that birth control can play in helping lift families out of poverty. “No country in the last 50 years has escaped poverty without making sure that women have access, voluntary access, to contraceptives,” the co-chair of the Bill & Melinda Gates
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Billionaire philanthropist and former tech executive Melinda Gates is urging parents to vaccinate their children because it “saves lives.” In an interview with CNBC’s Becky Quick that aired Wednesday, Gates said she is “very frustrated” by the growing misinformation efforts of anti-vaccination activists, a vocal fringe in the U.S. who oppose inoculations. They believe, contrary
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Facebook reports earnings after the closing bell Wednesday, and investors will be looking for signs it can shift its business to focus more on privacy while continuing to grow revenue and users. “I believe the future of communication will increasingly shift to private, encrypted services where people can be confident what they say to each
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