eBay’s headquarters in San Jose, California, U.S. Bloomberg | Getty Images The e-commerce giant eBay more closely resembles the New York Stock Exchange than it does Amazon, at least in the eyes of Intercontinental Exchange CEO Jeffrey Sprecher. “I’m not sure that it’s been fair for the market to hold eBay accountable as an e-commerce company
Finance
Edward ‘Ed’ Hyman, chairman of Evercore Partners Inc. Christopher Goodney | Bloomberg | Getty Images Evercore ISI Chairman Ed Hyman said he sees no economic growth in China in the first quarter due to the deadly coronavirus. The market pullback Friday “is still a worry about the virus,” Hyman said on CNBC’s “Squawk on the
A frozen section of the Ross Sea at the Scott Base in Antarctica on November 12, 2016. Mark Ralston | AFP | Getty Images Antarctica just broke its hottest temperature ever recorded at 64.9 degrees Fahrenheit as climate change continues to accelerate, according to measurements from an Argentinian research station thermometer. The reading was taken
Traders work on the floor of the New York Stock Exchange. Spencer Platt | Getty Images This is a live blog. Check back for updates. 8:07 am: Jobs report approaches The Labor Department’s report on nonfarm payrolls for January will set the tone for Friday. The consensus expectation is for a net gain of 158,000 jobs
Credit Suisse CEO Tidjane Thiam FAFabrice Coffrini | AFP | Getty Images Credit Suisse CEO Tidjane Thiam is to step down as on Feb. 14 and will be replaced by Thomas Gottstein. The news follows a long drawn-out spying scandal at the bank. An internal investigation by law firm Homburger into the spying scandal which
Berkshire Hathaway Chairman Warren Buffett Interview Credit: Daniel Acker/Bloomberg via Getty Images Cryptocurrency entrepreneur Justin Sun finally got his $4.5 million charity auction dinner with Warren Buffett last month. In a Facebook post, Sun, founder of the Tron cryptocurrency platform, said he and several of his guests had an “Amazing dinner w/ Warren Buffett finally!”
Twitter (TWTR) – Twitter earned an adjusted 25 cents per share for the fourth quarter, 4 cents a share below estimates. Revenue came in above forecasts, however, and monetizable active daily users jumped 21% from a year ago to a record. Cigna (CI) – The insurance company reported quarterly profit of $4.31 per share, 11
A Qualcomm sign is seen at the second China International Import Expo (CIIE) in Shanghai, China November 6, 2019. Aly Song | Reuters Check out the companies making headlines after the bell: Qualcomm – The semiconductor company’s stock dropped about 4% in extended trading though the company beat analysts’ estimates on both the top and
Visitor walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019. Greg Baker| AFP | Getty Images Check out the companies making headlines in midday trading. Ford — Ford was the biggest loser in the S&P 500 in early trading, with shares plunging more than 9% after the
Bob Iger Stephen Desaulniers | CNBC Check out which companies are making headlines before the bell: Disney (DIS) — Disney shares dipped 0.8% after the media giant failed to update the guidance for its online streaming service, Disney+. The company had previously forecast subscriber growth between 60 million and 90 million by fiscal 2024. The
Visitor walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019. Greg Baker| AFP | Getty Images Check out the companies making headlines after the bell: Ford – The automaker’s stock dropped 10% in extended trading after the company missed on earnings but beat revenue in its fourth-quarter
Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images Shares of Tesla are roaring higher — but some are worried Elon Musk’s electric carmaker might be a speculative bubble that sometimes occurs in financial markets, especially near the end of bull markets. Rising more than 110% in
Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images This is a live blog. Check back for updates. 9:06: Dow set to pop 400 points at the open Dow futures were up by 380 points,
Sundar Pichai, chief executive officer of Google Michael Short | Bloomberg | Getty Images Check out the companies making headlines after the bell: Alphabet – Google parent company Alphabet‘s shares slid 4% after hours despite beating earnings estimates for the fourth quarter, as the company came in light on revenue. The company reported earnings of
Elon Musk, chief executive officer of Space Exploration Technologies Corp. (SpaceX) and Tesla Inc., speaks during an event at the SpaceX launch facility in Cameron County, Texas, U.S., on Saturday, Sept. 28, 2019. Bronte Wittpenn | Bloomberg | Getty Images Check out the companies making headlines midday Monday: Tesla — Shares of Tesla jumped 11.3%,
Tera Images Two European giants in the payments space are set to combine to create the industry’s fourth-largest player. France’s Worldline said it would buy domestic rival Ingenico in a deal consisting of 81% stock and 19% cash. The transaction gives Ingenico an implied equity value of 7.8 billion euros ($8.6 billion), Worldline said in
Wells Fargo Securities’ Michael Schumacher expects the bond rush to intensify. According to the firm’s global head of rate strategy, coronavirus fears will drive more investors into the U.S. Treasury market as a safe haven play and drive yields sharply lower. The benchmark 10-year Treasury Note yield is already down 22% so far this year.
Cornerback Richard Sherman #25 of the San Francisco 49ers Christian Petersen The world’s premiere athletes are getting an early look at venture capital deals — partially thanks to their social media game. Athletes’ Twitter and Instagram followers give them a direct line to fans, which in some cases can be used to promote portfolio companies
Traders work on the floor at the New York Stock Exchange, January 14, 2020. Brendan McDermid | Reuters Federal Reserve officials this week affirmed their commitment to staying put on interest rates for the time being, but markets have other ideas. The fed funds futures market, where traders go to bet on the central bank’s
Traders work on the floor of the New York Stock Exchange. Spencer Platt | Getty Images Wall Street is suffering a risk-off relapse, producing a milder but familiar set of the symptoms felt during last year’s overdone summertime recession scare. Bond yields have rushed toward their old lows, flattening the gap between very short-term and