SATURDAY NIGHT LIVE — Episode 22 — Pictured: (l-r) Kristen Wiig as Target cashier, Justin Timberlake as Peg during the “Target” skit on May 9, 2009 NBCU Here are the most important things to know about Wednesday before you hit the door. 1. Target, Lowe’s earnings on deck Retail earnings are kicking into high gear
Finance
Wonder where your paycheck is going? You might want to look into your monthly subscriptions. Subscription services are on the rise — and taking up a significant chunk of people’s paychecks. These seemingly small monthly charges are adding up as people pay per month instead of owning an asset outright. Analysts and financial planners say
Intelsat 35e Source: Intelsat Check out the companies making headlines after the bell: Shares of Intelsat SA slid nearly 2% during extended trading after the Federal Communications Commission announced it will publicly auction off a portion of its C-band spectrum wavelength in place of 5G wireless networks. Intelsat, along with three other satellite operators, provides
Interest rates are on hold for now — Federal Reserve officials have indicated as much and the market believes it — but the state of affairs could be fleeting amid an ever-changing set of economic conditions. Pretty much everyone is convinced the Fed is finished for 2019, a year in which it cut its benchmark
Apple’s credit card got a lot of attention when the company first unveiled it earlier this year, not least because it showed how U.S. tech giants are looking to make waves in the financial services. But according to a Russian bank executive, there’s little more to the Apple Card than what’s on the surface: a
A Chinese bank employee counts 100-yuan notes and U.S. dollar bills at a bank counter in Nantong in China’s eastern Jiangsu province on August 6, 2019. STR | AFP | Getty Images China is heavily exposed to the U.S. dollar, but now, with the risk of “decoupling,” Beijing is silently diversifying its reserves to reduce
John Legere, chief executive officer of T-Mobile US Inc. Chris Goodney | Bloomberg | Getty Images T-Mobile Chief Executive Officer John Legere isn’t taking the WeWork CEO job, according to people familiar with the matter. Legere, who became CEO of T-Mobile in 2012, has no plans to leave the company, said the people, who asked
Robert Iger, Chief Executive Officer of Disney, poses in “Star Wars: Galaxy’s Edge” during a media preview event at Disneyland Park in Anaheim, California, May 29, 2019. Mario Anzuoni | Reuters Disney+ is here, ushering in the unofficial kickoff to “The Streaming Wars” — the slew of monthly subscription services that are flooding the market
Even though stocks are trading around all-time highs, CFRA’s Sam Stovall thinks Wall Street isn’t bullish enough. According to the firm’s chief investment strategist, an under-the-radar historical trend suggests the S&P 500 will continue to reach record levels through December. He credits a phenomenon that’s only happened 28 times since WWII. Stovall highlighted the pattern
A Woman jogs past the U.S. Capitol in Washington, October 24, 2019. Siphiwe Sibeko | Reuters Washington can feel pretty gridlocked these days, with the impeachment proceedings against President Trump dividing politicians by party lines. Still, both Republicans and Democrats have rallied around a number of bills that could deliver real changes to your personal
Nick Schommer, Janus Henderson Source: Janus Henderson (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, .) Being a contrarian can make someone seem like a genius or idiotic. For Nick Schommer, it has been the former this year. Schommer manages the Janus
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Stocks bounced on trade headlines on Friday, but the market could stall out in the week ahead if there is no real progress towards a deal. Stocks ended the week at record highs, but Treasury yields unwound half the big
David Heinemeier Hansson, a well-known software engineer, recently slammed the Apple Card on Twitter as sexist. His complaint: He was given a credit limit 20 times larger than his wife, even though she has the better credit score. In response, the New York Department of Financial Services announced it will investigate the Apple Card algorithm
Pedestrians carry Bloomingdale’s shopping bags while walking in New York. Craig Warga | Bloomberg | Getty Images Consumers are likely to have increased their spending in October, after a surprising pullback in September. The government’s October retail sales report, due at 8:30 a.m. ET Friday, is one of the most important data releases of the
Online fashion house Farfetch’s CEO Jose Neves and members of the company’s leadership team ring the opening bell to celebrate their IPO at the New York Stock Exchange in New York, September 21, 2018. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Farfetch shares surged 20% during extended trading after
Tim Cook, CEO of Apple Inc. Adam Jeffery | CNBC Since Apple launched its paid news app, Apple News+, in March and signed on 200,000 subscribers in 48 hours, the company has struggled to add customers, according to people familiar with the matter. Apple promoted the service at the time, telling potential customers that they
In an era of negative interest rates in Europe, monetary policy should not be geared towards appeasing the banking sector, BNP Paribas Chairman Jean Lemierre has said. Speaking to CNBC’s Annette Weisbach at the BNP Conference in London on Thursday, Lemierre said the ECB (European Central Bank) was moving in the right direction with its
Secondary school students attend a rally at Edinburgh Place in Hong Kong on August 22, 2019. Anthony Wallace | AFP | Getty Images Even after months of protests and escalating violence, Hong Kong is still a “very good proxy” for foreign investors wanting to access the vast China market, an economist said on Wednesday. “Since
DoorDash delivery person Source: DoorDash DoorDash, the food delivery start-up backed by SoftBank, is raising a new round of funding that values the company at close to $13 billion, according to a Bloomberg report. The financing, pegged at $100 million, includes investments from T. Rowe Price, and is said to be an extension of DoorDash’s
A JD delivery cart stops at roadside. Zhang Peng | LightRocket | Getty Images BEIJING – Alibaba, JD.com and Pinduoduo. For these three forces of China‘s online shopping market, winning the race to tap the country’s fastest-growing regions will depend largely on an efficient delivery strategy. China’s largest cities rival global metropolises in the variety