Berto Guerra Jr., CEO & Chairman of Avanzar Interior Technologies stands on the floor of his San Antonio manufacturing plant “¡Si, se puede!” Yes, you can. Three words launched five Latino CEOs in San Antonio on their joint venture to success. At 18% of the U.S. population, Latinos are responsible […]
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Solar is back with an ETF tracking the sector up more than 50% so far this year
There’s a surprising ETF winner so far this year. The Invesco Solar ETF has returned more than 50% year-to-date, far outpacing the broader market’s 15% rise, as well as the S&P Energy Sector, which is down 2% for the year. A number of factors have led to the surge in solar […]
Stocks making the biggest moves premarket: PepsiCo, Tesla, E*Trade, GoPro & more
Check out the companies making headlines before the bell: PepsiCo – The beverage and snack giant reported adjusted quarterly profit of $1.56 per share, beating consensus estimates by 6 cents a share. Revenue also beat Street forecasts, and the company reported better-than-expected organic revenue growth for the quarter of 4.3%. […]
PepsiCo stock jumps 3% on earnings and revenue beat
A woman grabs a bottle of Diet Pepsi in Atlanta, Georgia. Chris Rank | Bloomberg | Getty Images PepsiCo on Thursday announced quarterly earnings and revenue that topped expectations. Shares of the food and beverage giant jumped 3% in premarket trading. Here’s what the company reported compared with what Wall […]
Morgan Stanley, Goldman Sachs are reportedly poised to lead Airbnb’s direct listing
Short-term home rental company Airbnb is set to hire Morgan Stanley and Goldman Sachs as joint lead advisers on its planned stock market flotation next year, people familiar with the matter said on Wednesday. The appointments would represent another high-profile assignment for the storied investment banks, albeit potentially less lucrative […]
Europe will face more economic ‘pain’ if US limits investment in China, analysts say
This photo taken on May 17, 2019 shows a container ship berthing at the port in Qingdao, in China’s eastern Shandong province. EU firms are “caught in the crossfire” of the US-China trade war, which is hurting the economic environment and exports to the United States, the European Union Chamber […]
Gold prices could soar to $2,000 next year, says strategist
A mark of 999.9 fine sits on hallmarked one kilogram gold bullion bars at the Valcambi SA precious metal refinery in Lugano, Switzerland. Stefan Wermuth | Bloomberg | Getty Images Gold prices could surge by about 30% to as high as $2,000 per ounce next year, according to David Roche, […]
Boris Johnson’s Brexit proposal is ‘unlikely to work,’ strategist says
U.K. Prime Minister Boris Johnson’s latest proposal to take his country out of the European Union would divide Ireland and therefore “is unlikely to work,” a strategist said on Thursday. The U.K. currently has until Oct. 31 to leave the EU — with or without a deal. That deadline has […]
US-EU trade fight could drag on after ‘big victory’ at the WTO, says ex-Trump official
American President Donald Trump seen in between the flags of the U.S. and the European Union. Didier Lebrun | Photonews | Getty Images The World Trade Organization has just authorized the U.S. to go ahead with its tariffs worth billions of dollars on the European Union — that’s “a big deal” that would hopefully […]
‘There is no return to what Hong Kong was,’ strategist says of ongoing protests
Hong Kong has reached a point of “no return,” one strategist told CNBC on Thursday. “There is no return to what Hong Kong was. I don’t see the social situation being easily resolved, and I don’t see it as getting better. So my forecast is pretty gloomy,” said David Roche, […]