CNBC’s Jim Cramer said Tuesday that big tech could be tough to own now that federal regulators have turned their attention to investigate their competitive practices. “I do fear what Justice [Department] and the FTC can do to these companies,” the “Mad Money” host said. Apple: The U.S. Justice Department reportedly wants to crack down
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A pedestrian passes a CVS store in New York. Scott Mlyn | CNBC CVS Health will close some unprofitable locations as it redesigns about 15% of its 9,800 stores to focus more on health services, a top executive said at the company’s investor day meeting in New York on Tuesday. CVS plans to remodel 1,500
European stocks pointed to losses at the start of Tuesday’s open, as investors kept abreast of the ongoing trade tensions seen across the globe. Prior to the market open, the FTSE 100 pointed to a drop of 27 points at 7,159, while Germany’s DAX fell 47 points at 11,737 and France’s CAC 40 indicated a
Aaron Levie Dan Edblom | CNBC Box shares plunged 11% in extended trading on Monday after the cloud software company provided a revenue outlook for the full fiscal year that trailed analysts’ estimates. Here are the key numbers for the first quarter: Loss: 3 cents per share, excluding some items, vs. 5 cents estimated, according
Amazon.com boxes are shown stacked near a Boeing 767 Amazon “Prime Air” cargo plane on display in a Boeing hangar in Seattle. Ted S. Warren | AP Amazon Prime members can now get their packages even faster as the company begins to roll out free one-day shipping on over 10 million products. Amazon executives said
An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. Lindsey Wasson | Reuters More than 300 Boeing 737 jets, including the Max, may have wing parts could have been improperly manufactured and may not meet regulatory requirements for strength and durability,
Christopher Ahlberg, CEO of Recorded Future Recorded Future On Thursday, Recorded Future — a threat intelligence company little known outside cybersecurity circles — announced its sale to venture firm Insight Partners for $780 million. The deal bought out high-profile investors in the company, including Alphabet‘s GV (formerly Google Ventures), the CIA’s In-Q-Tel and Reed Elsevier,
A truck transports new cars at the Port of Veracruz, Mexico. Susana Gonzalez | Bloomberg | Getty Images Honda’s head of American operations, Henio Arcangeli, worries that President Donald Trump’s latest proposal to slap a 5% tariff on auto imports from Mexico will price some Americans out of cars just when auto prices are near
A Huawei Technologies Co. mobile phone, which runs on the Android operating system. Chris Ratcliffe | Bloomberg | Getty Images Samsung and Apple could benefit in the smartphone market after the United States put Huawei on a blacklist that effectively bans U.S. firms from doing business with it, TF International Securities analyst Ming-Chi Kuo wrote
Roy Mehta | Getty Images This summer when it comes time to celebrate with friends, it’s more likely someone in the group will be raising a glass with a beverage that doesn’t have alcohol. The trend coincides with changing consumer tastes, as more people try to eat and drink healthier and follow low-carb diets like
Aramark Holdings: “Did not like that last quarter. They’re in the penalty box. We’re gonna skip that one.” California Resources: “Stay away. It’s a fossil fuel company that we don’t like. We’re recommending very few of those.” Medifast: Sell it. “No. Planet Fitness, my friend. “ Annaly Capital Management: “No. All they do is they
CNBC’s Jim Cramer on Friday said it is a “huge mistake” for President Donald Trump to wage a trade dispute with Mexico in an effort to curb immigration at the border. “It is a mistake to use commerce as a weapon against a government that’s been happy to cooperate with us on trade,” the “Mad
There’s a key measure of stock market volatility that shows why this month’s sell-off has been different than the drop in December. The CBOE Volatility Index, or VIX, is sometimes known as “the fear gauge.” The VIX helps measure Wall Street’s expectations for large shifts in the stock market in the coming months by looking
U.S. stock index futures were sharply lower Friday morning, as investors feared President Donald Trump’s threat of tariffs on all Mexico imports exacerbated the risk of recession. At around 02:50 a.m. ET, Dow futures slipped 224 points, indicating a negative open of more than 204 points. Futures on the S&P and Nasdaq were both seen slightly lower. Market participants moved aggressively to price
The retail sector has been reeling in the month of May with trade and economic headwinds in its way, CNBC’s Jim Cramer said Thursday. The Spdr S&P Retail ETF, which tracks the segment’s performance on the market, has fallen more than 11% in the month alone and has now dipped nearly 1% thus far in
The logos of automobile companies (LtoR) Abarth, Lancia, Fiat, Alfa Romeo and Jeep are pictured at the entrance to the Fiat Chrysler Automobiles (FCA) at the Fiat Mirafiori car plant on May 27, 2019 in Turin, northern Italy. Marco Bertorello | AFP | Getty Images Fiat Chrysler’s proposed $40 billion merger with Renault, which would
Christian Thompson | Disney Parks Star Wars: Galaxy’s Edge doesn’t just want to look like a movie set. It wants guests to feel like they just stepped off a transport ship onto a planet thousands of galaxies away. Disney’s newest theme park extension opens in Anaheim, California Friday and fans aren’t the only ones getting
2020 Lexus RX 350 F Sport Source: Lexus Product proliferation has become the norm in today’s auto industry. But for Lexus, despite adding an assortment of sedans, sports cars and sport-utility vehicles, the Japanese luxury brand is effectively defined by a single model, the midsize RX crossover. Since its 1998 introduction, the RX has become
The United States and Chinese telecom giant Huawei should work out their differences for the sake of the consumer, Boost Mobile founder Peter Adderton told CNBC on Wednesday. Huawei does have “some incredibly good technology, so I hope they sort that out quickly,” said Adderton, former CEO of the U.S. arm of the prepaid wireless
Bed Bath & Beyond settled a months-long spat with a trio of activist investors on Wednesday, saying it would nominate four new members to its board of directors in addition to finding a permanent replacement for former CEO Steven Temares. Bed Bath & Beyond also agreed to form a committee that, among other duties, will