Consumer goods group Unilever reported stronger than expected quarterly underlying sales growth, helped by higher prices and volume, and strength in emerging markets. The maker of Dove soap and Ben & Jerry’s ice cream also on Thursday stood by its outlook for the full year, which calls for underlying sales growth in the lower half
Month: April 2019
Japan’s core inflation picked up slightly in March from a year earlier, but remained distant from the Bank of Japan’s ambitious 2% target in a sign of rising pressure on the central bank. Over the past year, policymakers have had to contend with a slowdown in global demand as the Sino-U.S. tariff war put a
Signet Jewelers Ltd.: “I think Signet’s really gotta find its calling. It needs to find out its calling, ’cause it sure wasn’t calling in that last quarter. We gotta wait.” Funko Inc.: “The reason why they’re all over the place [is] ’cause they have some of the absolute best toys … I’m not just saying
In New York City, home to our nation’s financial markets, a staggering 74 percent of its students are considered economically disadvantaged. They are parallel worlds, a few miles apart and largely invisible to one another. This is an increasing challenge across our country: How do we build a path to economic mobility for more of
Share to facebook Share to twitter Share to linkedin Investigate the many ways you can work into your retirement years. Getty The “retirement plan” that many older workers have is simply to keep working as long as they can. While working longer is a common-sense way to increase your ultimate retirement income, you may not
If you’re like me, watching 34-year-old professional sports gambler James Holzhauer on Jeopardy! may make you feel pretty dense. He is just so knowledgeable about just about everything. His unique strategy of finding Daily Doubles and betting aggressively has paid off big time. And in a 10-day streak, he’s already shattered his own record with a $131,127 single-day win. His 10-day
Smoke and flames rise during a fire at the landmark Notre Dame Cathedral in central Paris on April 15, 2019. Getty It has been a season of wrath and fire for sacred sites across the world, from the serial arson of three predominantly black churches in Louisiana, to the simultaneous fires at the Al-Aqsa Mosque
An interview with billionaire quantitative investor and co-founder of AQR Capital Management, Cliff Asness. In this interview, Cliff discusses his momentum trading strategy and how to exploit other investors psychology. Cliff also talks about the worth of Hedge Funds, Bubbles and Liberty.?Books by Cliff Asness and books on him are located at the bottom of
Uber has announced a deal for a $1 billion investment in its self-driving vehicle unit, just weeks before its initial public offering. Toyota and Japanese auto-parts supplier Denso will together invest $667 million, while Softbank’s Vision Fund will invest $333 million. SoftBank is already Uber’s largest shareholder and Toyota invested $500 million last year. The
Pier 1 Imports’ Chief Financial Officer Nancy Walsh is leaving after a year in the job at the struggling home furnishing retailer, which reported a bigger-than-expected loss in the fourth quarter on Wednesday. The company known for its wicker chairs and scented candles has been battling falling sales in the face of increasing competition from
Check out the companies making headlines after the bell: Shares of Intuitive Surgical plummeted more than 6 percent in extended trading Thursday following the release of the company’s disappointing first-quarter earnings. Intuitive Surgical posted earnings per share of $2.61, missing Refinitiv estimates of $2.70. Revenue was in line with estimates at $974 million. Pinterest shares
CNBC’s Jim Cramer on Thursday said the banking sector reported positive earnings results over the past week and that the stocks remarkably were able to rally on the news. “The big takeaway from the major banks is that the group is doing better than we thought and even after this latest leg higher, many of
Chanel Reynolds got the call you never want. Her husband, Jose, had been in a terrible accident and was now in intensive care, irreparably wounded. A week later, with no signs of brain function, he was removed from life support and died. Meanwhile, Reynolds realized they had wills, but they were not signed or notarized.
Researchers at Tel Aviv University (TAU) in Israel reported this week that they have “printed” the world’s first 3D vascularized engineered heart using a patient’s own cells and biological materials. Their findings were published on April 15 in a study in Advanced Science. Image of the 3-D vascularized engineered heart printed in the TAU laboratory.
Photographer: Anna Moneymaker/Bloomberg © 2019 Bloomberg Finance LP Obamacare could eventually be replaced by Medicare for All, and that’s bad news for big health insurers, the biggest beneficiaries of the program. Medicare for All, a healthcare system operated by the government, has been gaining traction recently on both ends of the political spectrum. And that
Smart security products have become increasingly popular in recent years. Among them are smart locks, which allow you to secure your doors remotely and give you a way to get back into your home through your smartphone when you’ve forgotten your keys. To help you wade through the many options available now, we’ve rounded up some of
An interview with billionaire Hedge fund manager and activist investor, Nelson Peltz. In this interview, Nelson discusses what he looks for in companies before he makes an investment and how he has been superior over other activist investors. Nelson also talks about the lessons he has learnt from battling P&G and other companies. Thanks you
When it comes to emerging tech companies, investors are clearly rewarding growth and profitability above all else. Videoconferencing company Zoom and social media site Pinterest both debuted on the public markets today and immediately rallied from their IPO prices. But Zoom went up significantly more, giving it an early valuation of $16.7 billion, topping Pinterest’s
American Express on Thursday reported lower earnings in the first quarter but earnings per share beat estimates. The New York-based company said it had net income of $1.55 billion, or $1.80 per share. Earnings, adjusted for non-recurring costs, came to $2.01 per share. The results surpassed Wall Street expectations. The average estimate of eight analysts
First quarter growth perked up late in the quarter, to well above 2% after looking to be 1% or less when the economy was being hit by winter storms and the government shutdown. Economists surveyed by CNBC/Moody’s Analytics Rapid Update raised their growth estimates by 0.3 percentage points to a median 2.4% Thursday, following a
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