It still seems too good to be true. The stock market staged one of the swiftest rebounds in history amid an earnings slowdown and global economic deterioration, putting December’s pain completely in the rear-view mirror. However, one could argue the rally might have just been the decade-long bull run’s last […]
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The 10 highest-paying jobs you can get with an associate’s degree all pay more than $67,000 a year
Take comfort — a bachelor’s degree isn’t essential to landing a job with a healthy salary. In fact, there are dozens of occupations that offer salaries above the $60,000 mark and are looking to hire associate degree holders. CNBC Make It analyzed data from the Bureau of Labor Statistics to […]
‘Avengers: Endgame’ smashes Thursday night preview record with $60 million haul
“Avengers: Endgame” has shattered another record. The 22nd film in the Marvel Cinematic Universe hauled in a whopping $60 million from Thursday night previews in the U.S., the highest preview gross ever. The previous record holder was “Star Wars: The Force Awakens,” another Disney film, with $57 million. IMAX also […]
Starbucks CEO calls Chinese rivals’ use of discounts unsustainable as Luckin Coffee prepares for IPO
Starbucks CEO Kevin Johnson said Friday that the company’s rivals are focusing on short-term gains, while Starbucks is pursuing a more sustainable plan for growth. “Some of those competitors are competing through heavy, heavy discounts that we don’t believe are sustainable,” Johnson said on CNBC’s “Squawk on the Street” Friday. […]
Four ‘MAGA’ stocks are worth a combined $4 trillion. Here’s the one to own, say two experts
It’s “MAGA,” for the markets. Microsoft, Amazon, Google-parent Alphabet and Apple are soaring this year, making up a combined market value of nearly $4 trillion. That exceeds the combined value of half of the S&P 500 companies. But the title of “greatest” can only be bestowed upon one name. “Amazon […]
Slack releases its financials for the first time as it prepares to go public
Slack released its S-1 Friday, making it the latest in a highly-anticipated class of tech companies to file to go public. Slack will pursue a direct listing on the New York Stock Exchange under the symbol “SK.” For the year ended Jan. 31, 2019, Slack reported $400.55 million in revenue. […]
Activists pressuring Bed Bath & Beyond detail plan ‘to stem the tide of value destruction’
The trio of activist investors pushing for changes at Bed Bath & Beyond on Friday unveiled a detailed case for why shareholders should elect their slate of board nominees, portraying current leadership as inept and unable to keep up in an evolving consumer landscape. In over 150 pages, the team […]
Here’s what Wall Street got wrong this earnings season, according to CFRA Research
After bracing for the worst, Wall Street got a welcome surprise this earnings season. Instead of the beginnings of an earnings recession, corporate profits are now expected to come in flat to slightly higher for the first three months of the year. Lindsey Bell, investment strategist at CFRA Research, explains […]
American Airlines to report earnings before the bell. Here’s what we know
American Airlines is slated to report first quarter earnings Friday before the market open as the industry copes with the ongoing grounding of Boeing’s 737 Max jets. Here’s what Wall Street is expecting, based on average estimates compiled by Refinitiv: Earnings: 51 cents per share Revenue: $10.59 billion American has […]
Exxon Mobil to report earnings before the bell — here’s what the Street expects
Exxon Mobil is expected to report earnings for the first quarter of 2019 on Friday. Here’s what Wall Street expects: Earnings: 69 cents per share, according to Refinitiv Revenue: $64.82 billion, according to Refinitiv Analysts will be on watch to see if Exxon can continue to increase its oil and […]