U.S. consumer spending increased solidly in July, suggesting strong economic growth early in the third quarter, while a measure of underlying inflation hit the Federal Reserve’s 2 percent target for the third time this year.
CEOs around the world are spending more “aggressively” than ever, said Salesforce co-CEO Marc Benioff on an earnings call Wednesday. Salesforce, which grew its revenue by 27% in the quarter, is benefiting since many of the CEOs have chosen to spend their extra cash on “digital transformation,” he said. Salesforce’s revenues were up 27% in the second quarter, and the company has big-spending executives to thank. …read more […]
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc , on Thursday said the conglomerate has begun repurchasing its stock for the first time since 2012, and has added a “little” to its already huge stake in Apple Inc .
Stryker is buying the medical device maker. Here’s what investors need to know. …read more […]
U.S. stocks dropped on Thursday, after four straight sessions of gains, weighed down by concerns over the U.S.-China trade war, even though gains in technology stocks helped limit losses.
Chip Somodevilla/Getty Images …read more […]
Dollar Tree Inc missed Wall Street expectations for quarterly same-store sales on Thursday as the discount store operator’s Family Dollar business struggled to boost sales in the second quarter, sending its shares down 12 percent.
Campbell Soup Co said on Thursday it plans to sell its international and fresh refrigerated-foods units and left open the possibility of putting the whole company up for sale, following a months-long review and pressure from hedge fund investors to sell itself outright.
Medical device maker Stryker Corp said on Thursday it will buy smaller rival K2M Group Holdings Inc for about $1.4 billion, adding K2M’s fast-growing spinal implant technology to its business. Stryker’s … …read more […]
CNBC’s Warren Buffett, Berkshire Hathaway chairman and CEO, joins CNBC’s Becky Quick for an exclusive interview. …read more […]
Frontier Communications (FTR) reported earnings 30 days ago. What’s next for the stock? We take a look at earnings estimates for some clues. …read more […]
Abercrombie & Fitch, Signet Jewelers, Brown-Forman, Apple, SNAP and Facebook are the companies to watch. …read more […]
Tesla briefly fell below $300 on Thursday, it’s fourth day of declines since announcing it will remain a publicly traded company. Wall Street is now once again focused on the electric-car maker’s balance sheet and its struggle to reach profitability. Tesla declined for a fourth straight trading day on Wednesday, falling as much as 2%, to $297.80 a share, as Wall Street’s focus returns to the company’s balance sheet following CEO Elon Musk’s 16-day go-private saga that left the electric-car maker facing numerous lawsuits and a US Securities and Exchange investigation. …read more […]
Warren Buffett is one of the most successful investors in history. “The Oracle of Omaha” has an estimated net worth of nearly $77 billion, making him the fourth-richest person in the world. From drinking Coke for breakfast to carrying around an old-school flip phone, Buffett has always done things his way. …read more […]
Abercrombie & Fitch Co failed to take full advantage of an unusually long summer in Europe as its stock of Hollister brand of summerwear could not keep up with increased demand in the second quarter, sending its shares down as much as 14.6 percent.
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