Traders react after the closing bell at the New York Stock Exchange (NYSE) on August 5, 2019 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images Investors should remain guarded for the rest of August and wait until next month before thinking about returning to stocks despite any one-day bounce,
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Plaza indepedencia with the building Palacio Salvo and the statue of Jose Artigas in Montevideo, Uruguay. Vale_t | Getty Images Wealthy or not, it’s good to know where the well-do-to are vacationing and where the up-and-coming “it” destinations will be for the next few seasons. A shortcut to that intel comes from the advisors who
A Porsche that was expected to sell for over $20 million flopped on the auction block Saturday night, after the sale was thrown into disarray by a technical error. The car, a 1939 Porsche “Type 64” that was already facing controversy in the collecting world, hit the auction block Saturday night at RM Sotheby’s in
Apple CEO Tim Cook Spencer Platt | Getty Images The two recent incidents involving Apple products show a growing risk to the company’s brand: the lithium-ion batteries that power its devices. First, the Federal Aviation Administration disclosed last week that some Apple laptops have been banned from flights. This comes after Apple recalled some 15-inch
Take-Two Interactive Software: Plugged in for success Take-Two Interactive Software has gained more than 10% since reporting better-than-expected revenues in its fiscal first quarter and raising its full year revenue outlook. The company’s upside surprise included a 46% year-over-year increase in net bookings and 39% year-over-year improvement in net revenue. A leading video game publisher,
Kurbo app Scott Mlyn | CNBC Do your homework! Clean your room! Count your Weight Watchers points? Weight Watchers, which now calls itself WW, this week introduced a new app called Kurbo by WW to “help kids and teens ages 8-17 reach a healthier weight.” WW last year acquired Kurbo, a digital health start-up whose
Smoke billows from a fire outside Ljusdal, Sweden in July, 2018. Sweden is fighting its most serious wildfires in decades, including blazes above the Arctic Circle, prompting the government to seek help from the military, hundreds of volunteers and other European nations. Maja Suslin | TT | AP Smoke from massive fires in the Arctic
President Donald Trump, right, speaks as Tim Cook, CEO of Apple, listens during the American Technology Council roundtable hosted at the White House in Washington, D.C. Zach Gibson | Bloomberg | Getty Images President Donald Trump tweeted on Friday that he plans to have dinner with Apple CEO Tim Cook. “Having dinner tonight with Tim
An international air traveler is cleared by a U.S. Customs and Border Protection Officer inside the U.S. Customs and Immigration area at Dulles International Airport. Paul J. Richards | AFP | Getty Images A computer problem on Friday prevented U.S. immigration officials from processing arrivals at airports around the country, officials said. It wasn’t immediately
Lisa Batitto wearing a dress from Rent the Runway. Source: Pia Wilson When Lisa Batitto needed an outfit for a themed work event, she turned to Rent the Runway instead of Stitch Fix or her local department store. Through the apparel rental company, she knew she could find the perfect dress for the animal-print themed
Jensen Huang, president and CEO of Nvidia, speaks during the company’s event at the 2019 Consumer Electronics Show in Las Vegas on Jan. 6, 2019. David Paul Morris | Bloomberg | Getty Images Nvidia’s CEO, Jensen Huang, has reason to be concerned about other chipmakers, like AMD. But he’s not worried about Nvidia’s own big
Nvidia stock rose 7% on Thursday after hours, after the company reported better-than-expected fiscal-second quarter earnings. Here’s what the company reported: Earnings: $1.24 per share, excluding certain items, vs. $1.15 per share as expected by analysts, according to Refinitiv. Revenue: $2.58 billion, vs. $2.54 billion as expected by analysts, according to Refinitiv. Nvidia’s revenue fell
Getty Images New car sales in the largest U.S. auto market have slowed down this year as more and more drivers opt for less-expensive used cars. New vehicles sales in California dropped 5.6% in the first half of 2019, setting the state on track for full-year sales to fall short of 2 million vehicles for
As protests continue to roil Hong Kong, a widely followed economist has an idea about how to ease tensions: China, he said, needs to take power away from the city’s tycoons and fix its property market. The east Asian financial hub has been rocked by civil unrest in recent months with operations of Hong Kong
The CEO of Japanese start-up Attuned told CNBC on Wednesday that some investors think Japan can capitalize off the U.S.-China trade war. “There are a lot of opportunistic players out there in the market, business leaders, thinking that Japan can capitalize here,” Casey Wahl, who is chief executive of Attuned, a predictive HR analytics company,
Jeff Gennette, CEO of Macy’s. Getty Images Macy’s CEO Jeff Gennette, on the heels of the retailer’s dismal quarterly earnings report, said consumers will have “no appetite” for price increases thanks to new tariffs. Tariffs of 10% on roughly $300 billion worth of goods imported to the U.S. from China were set to go into
Co-founder and CEO of Periscope, Kayvon Beykpour, speaks onstage during TechCrunch Disrupt NY 2015. Noam Galai | Getty Images | TechCrunch Following topics on Twitter is a chaotic experience. You type in a matter of interest, like a particular sports team or an event, and your feed fills up with all sorts of irrelevant posts
Chad Robins, CEO of Adaptive Biotechnologies. Anjali Sundaram | CNBC Adaptive Biotechnologies shares fell by more than 7% in after-hours trading Tuesday after the biotech company posted a wider-than-expected loss in its first earnings report since going public. The company posted a loss of $1.23 a share on revenue of $22.1 million. Wall Street analysts
1. Dow could see a 3-session slide, sinking further from July’s all-time highs Traders on the floor of the New York Stock Exchange. Brendan McDermid | Reuters U.S. stock futures were pointing to a lower open on Wall Street on Tuesday, a day after the Dow Jones Industrial Average, S&P 500 and Nasdaq declined for the
The easing of economic activity will give a boost to the companies of Dollar Tree and Darden Restaurants, but investors should be patient before investing in their stocks here, CNBC’s Jim Cramer said Monday. Dollar Tree, which owns Family Dollar as a subsidiary, will be able to better manage the costs of tariffs on Chinese