Investors must remember when President Donald Trump does something to make the stock market go down, in short time he’ll say something to help stocks go back up, CNBC’s Jim Cramer said Monday. Wall Street is the “equivalent of his Nielsen ratings,” the “Mad Money” host said, which is why […]
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Starbucks CEO sees no signs of a looming recession – ‘We’re firing on all cylinders’
Despite market fears that a recession could be nigh, Starbucks CEO Kevin Johnson told CNBC Monday that its customers are telling a different story. The coffee chain is more in tune with its customers than ever before, thanks to investments in its digital customer relationships, and the company is seeing […]
When it comes to Chick-Fil-A versus Popeyes, Tyson Foods wins, Jim Cramer says
When it comes to the chicken sandwich war between Popeyes and Chick-Fil-A, investors should buy the hand that feeds them both: Tyson Foods. That’s CNBC’s Jim Cramer‘s take on the viral clash on Twitter in recent weeks where users pit the two fast food chains against one another. Both restaurants […]
Pentagon spokesman denies US involvement in air strike on Iraqi weapons depot
The Pentagon building in Washington, DC. AFP | Getty Images Iraq President Barham Salih and Prime Minister Adel Abdul Mahdi on Monday condemned air strikes on Sunday that hit bases and weapons depots belonging to Iraqi paramilitary groups, which the factions had blamed on Israel. The two leaders called the […]
Weill Family Foundation announces A.I. partnership with Energy Department
The Department of Energy and the Weill Family Foundation on Monday signed a memorandum of understanding for a new public-private partnership which will use the agency’s artificial intelligence capabilities for biomedical research. Former Citigroup CEO Sandy Weill and Energy Secretary Rick Perry told CNBC’s “Closing Bell ” in an exclusive […]
Amazon’s top treasurer leaves the company after 15 years of managing its money
A reception desk at Amazon offices in downtown Seattle, Washington. Glen Chapman | AFP | Getty Images Kurt Zumwalt, Amazon’s global treasurer, has departed after 15 years of helping manage the company’s cash and overseeing investments and debt financings. Zumwalt left Amazon last week, according to people familiar with matter […]
I think Trump has learned his lesson after market volatility, says Art Cashin
Art Cashin told CNBC on Monday that President Donald Trump may have learned his lesson in response to market volatility amid the trade tensions. “I don’t know how long the lesson will last but I think he’ll be more modified from now on,” Cashin, UBS director of floor operations at the […]
Former Volkswagen Chairman Ferdinand Piech has died, Bild reports
Ferdinand Piech Daniel Naupold | picture alliance | Getty Images Ferdinand Piech, Volkswagen AG’s former chairman and chief executive who transformed the German carmaker from a regional manufacturer into a global automotive conglomerate, has passed away, German tabloid Bild said on Monday. Piech, 82, died on Sunday in Rosenheim, Bavaria, […]
China willing to accept higher pain threshold in trade war, Bank of America analyst says
Employees close a valve of a pipe at a PetroChina refinery in Lanzhou, Gansu province. Stringer | Reuters China’s plan to put tariffs on U.S. crude oil shows it is willing to take more economic pain in the trade war than some in the markets have expected, according to a […]
Shares of pharma companies soar after Johnson & Johnson opioid fine
A Johnson & Johnson building is shown in Irvine, California. Mike Blake | Reuters Shares of major pharmaceutical companies surged in after-hours trading Monday following a smaller-than-expected fine for Johnson & Johnson. An Oklahoma judge ordered the company to pay the state $572 million — significantly less than the $17 […]