Prologis Inc.: “You’re buying Prologis at the all-time high here. Let’s just stay away. Let this come in for a little. I think rates could go a little bit higher.” Walgreens Boots Alliance Inc.: “I don’t like that stock. I think that the company has kind of lost its way. They have to make some
Month: April 2019
TRI Pointe Group CEO Douglas Bauer on Tuesday told CNBC he saw a “momentum shift” in the first quarter of 2019. “The consumer is definitely more engaged,” he said in a one-on-one interview with “Mad Money’s” Jim Cramer. An amalgamation of local housing companies, TRI Pointe has surged more than 19% this year along with
The Apple logo is seen on the window at an Apple Store on January 7, 2019 in Beijing, China. Kevin Frayer | Getty Images Check out the companies making headlines after the bell: Shares of Apple soared more than 5% in extended trading Tuesday following the release of the tech giant’s better-than-expected earnings for the
Apple sales technicians confer in front of Apple product advertisements in the World Trade Center in New York City. Robert Nickelsberg | Getty Images Apple reported earnings for its March quarter Tuesday that fell in line with expectations, although revenue was down from the same period last year. However, Apple’s guidance for next quarter was
Facebook CEO Mark Zuckerberg speaks at Facebook Inc’s annual F8 developers conference in San Jose, California, May 1, 2018. Stephen Lam | Reuters Facebook will roll out the biggest change to its app in the past five years on Tuesday, CEO Mark Zuckerberg announced at the company’s F8 Developer Conference. The new version of the
Hero Images | Getty Images If your high-school senior didn’t make the cut at his dream college this spring, then a transfer might be in the cards. Just make sure you don’t botch it. On average, colleges offered admission to 62% of transfer applicants in fall of 2017, according to the National Association for College
KUALA LUMPUR (April 30): Police arrested six people, including two civil servants, suspected of selling fake Medical Certificates (MCs) in several raids in and around Kuala Lumpur and Selangor. The five men and one woman, aged between 27 and 42, were arrested by a police team from the Intelligence Operation Division, Commercial Crime Investigation Division,
GEORGE TOWN (April 30): For nearly five decades, Dewan Sri Pinang has been synonymous with hosting awards ceremonies and cultural events in the State. Now, the venue is due to be upgraded. “The multi-purpose auditorium will be upgraded by the George Town Conservation and Development Corporation Sdn Bhd (GTCDC) next year. There are three options
KUALA LUMPUR (April 30): The Malaysia External Trade Development Corporation (MATRADE) is urging Malaysian companies in the construction, infrastructure development, building materials, tourism and various services sectors to explore opportunities in Madinah following the Saudi Arabian Government’s efforts to boost the city’s presence globally. Deputy chief executive officer Sharimahton Mat Saleh said Saudi Arabia is
KUALA LUMPUR (April 30): MYTV Broadcasting Sdn Bhd (MYTV) has distributed 1.6 million of the total two million free decoder units for eligible recipients to date, the Dewan Negara was told today. Deputy Communications and Multimedia Minister Eddie Syazlee Shith said the recipients were selected from the ‘Bantuan Sara Hidup’ (Household Living Aid) list especially
A bill that would reverse some controversial moves made at the nation’s consumer watchdog could get a floor vote in the House in May, according to a letter that Democratic lawmakers received from their leadership late last week. The Consumers First Act, which was approved 34-26 by the House Financial Services Committee in late March,
Ray Dalio, founder of investment firm Bridgewater Associates, speaking at the WEF in Davos, Switzerland on Jan. 22, 2019. Adam Galica | CNBC Ray Dalio, the founder of the biggest hedge fund in the world, was the highest-paid hedge-fund manager in the world last year. According to Institutional Investor’s annual Rich List, the Bridgewater Associates
Barry Sternlicht Cameron Costa | CNBC Questions raised by progressives in the 2020 presidential race about whether capitalism still works for America reflect mistaken beliefs about how prosperity is created, global investor Barry Sternlicht told CNBC on Tuesday. “The left does not understand that companies need to make money in order to invest in new
Hero Images | Hero Images | Getty Images Talking about money is one of the most important skills to being a fiscally responsible and literate person. However, 44% of Americans surveyed would rather discuss death, religion or politics than talk about personal finance with a loved one. Why? Two major reasons are embarrassment and fear
An Eli Lilly & Co. logo is seen on the cap of a pill bottle in this arranged photograph at a pharmacy in Princeton, Illinois. Daniel Acker | Bloomberg | Getty Images Shares of pharmaceutical giants Pfizer and Merck both rose by about 1% Tuesday after reporting first-quarter financial results that beat Wall Street’s expectations.
Boeing Co. 737 Max planes are seen at the company’s manufacturing facility in Renton, Washington, U.S., on Tuesday, Mar. 12, 2019. David Ryder | Bloomberg | Getty Images General Electric added Boeing’s grounded 737 Max airplanes as “a new risk” in its quarterly earnings report on Tuesday, citing production of engines for the planes and
General Motors Chairman and CEO Mary Barra announces a $300 million investment in the GM Orion Assembly Plant plant for electric and self-driving vehicles at the Orion Assembly Plant on March 22, 2019 in Lake Orion, Michigan. Bill Pugliano | Getty Images General Motors reported higher-than-expected first-quarter profit as the company shaved costs and sold
Along with a string of successful promotions, technology-focused store upgrades helped McDonald’s beat analysts’ expectations for earnings and revenue. But the company also said Tuesday that its tech investments will mean higher expenses this year. Shares of the company jumped as much as 3% in premarket trading but gave up those gains when the market
Malaysia slipped into deflation in the first two months of this year and views are mixed on whether the inflation barometer, the Consumer Price Index (CPI), will turn positive in March. The Department of Statistics is expected to announce the March CPI this week. Some economists and fund managers believe that deflationary pressures will likely
As Starbucks signals the start of warmer weather by rolling out its summer menu Tuesday, investors can expect sales to heat up as customers clamor for its chilled drinks. Even in the chilly winter months, cold beverages have helped Starbucks’ sales grow. So the company’s strategy has focused its innovation on cold options, like cold
President Donald Trump gestures as he addresses the 148th National Rifle Association (NRA) annual meeting in Indianapolis, Indiana, April 26, 2019. Lucas Jackson | Reuters U.S. President Donald Trump, three of his children and the Trump Organization sued Deutsche Bank and Capital One, in a bid to block the two from responding to congressional subpoenas,
SHANGHAI (April 30): Shares in Asia fell on Tuesday despite another record high close for the S&P 500, as investors await a U.S. Federal Reserve policy decision for clues of whether it will continue to take a “patient” approach to interest rate policy. Traders were also cautious ahead of readings on China’s factory activity (0100
More and more Democratic presidential hopefuls are adopting a single-payer health care stance, which could be devastating for any player in the health insurance business, CNBC’s Jim Cramer said Monday. Following the lead of Bernie Sanders, the independent Vermont senator who is one of the biggest mouthpieces advocating for “Medicare for All,” about eight candidates
Entergy Corp.: “Entergy’s terrific. It’s been a big winner. I think it continues to win. I like that company very much.” Novocure Ltd.: “Novocure is a good company. I don’t understand why it’s independent. I think that one of these big drug companies or device companies should just go buy it, ’cause it’s got great
Google’s New York City office in lower Manhattan. Spencer Platt | Getty Images Check out the companies making headlines after the bell: Shares of Alphabet tanked more than 6% in extended trading Monday following the release of the tech giant’s mixed first-quarter results. Alphabet reported earnings per share of $11.90 on revenue of $36.34 billion.
The banks are back. In the last month, three financial exchange-traded funds — the Financial Select Sector SPDR Fund, or XLF; the SPDR S&P Bank ETF, or KBE; and the SPDR S&P Regional Banking ETF, or KRE — have all rallied over 9%. That makes the financials the best-performing sector in April. And market watchers
Alphabet shares fell about 7% after Google’s parent company reported revenue that fell below analyst estimates for its first-quarter 2019. The drop wiped more than $60 billion off Alphabet’s market cap. Here’s what Alphabet reported compared to Wall Street’s expectations: Earnings per share: $11.90 per share, ex-items, vs. $10.61 expected, per Refinitiv survey of analysts
KUALA LUMPUR (April 29): Being born in Malaysia does not allow an individual to automatically obtain Malaysian citizenship, Home Minister Tan Sri Muhyiddin Yassin said. He said that children who do not have identification documents in Sabah, should fulfill the requirements set by the National Registration Department (NRD). It is in line with the provisions
Air Alaska planes sit on the tarmac at the terminal, following an incident where an airline employee took off in an airplane, at Seattle-Tacoma International Airport in Seattle, Washington, U.S., August 10, 2018. REUTERS/Brendan McDermid REUTERS/Brendan McDermid Major U.S. airlines were hit with systemwide outages on Monday, according to Sabre, a company airlines use for
If you think the market’s record rally this year is feeding demand for companies with risky balance sheets splurging on everything from capital expenditure to share buybacks, Goldman Sachs said you are wrong. Corporate America has ramped up its cash spending thanks to the corporate tax cut, but the spending isn’t making the companies more
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