The world’s largest democratic exercise has just kicked off, with India’s 900 million eligible voters making a decision that could impact even the biggest U.S. companies like Amazon and Walmart. While results won’t be announced until May 23, investors are reading the tea leaves to see what may be on […]
CNBC News
Disney CEO Iger gives three reasons why the company’s streaming service will be a success
Disney Chairman and CEO Bob Iger explained to CNBC’s David Faber that he believes customers will flock to the company’s new streaming service, Disney+, thanks to a unique combination of factors. “I’m pretty optimistic about the ability for this thing to work. Particularly when you make it accessible because of […]
Iger says Disney’s brand gives new streaming service an edge over Netflix
This is a breaking news story. Disney Chairman and CEO Bob Iger sat for an interview with CNBC’s David Faber on Thursday to discuss the launch of its new streaming platform, Disney+. Iger also told analysts on Thursday that he would be stepping down in 2021 when his contract ends. […]
Disney CEO Bob Iger says he will step down in 2021, a succession plan is forming
Disney CEO Bob Iger said that he is definitely stepping down from his post at the company in 2021. “I’m expecting my contract to expire at the end of 2021,” Iger said Thursday during Disney’s investor day presentations. “And I was going to say ‘and this time I mean it,’ […]
Disney+ streaming service will be available starting Nov. 12 for $6.99 a month
Disney said Thursday it will roll out its much anticipated Disney+ video streaming service on Nov. 12, drawing a its deep catalog of content and offering up new shows featuring favorite characters from “Monsters Inc.” to Marvel to “Star Wars.” The service will cost subscribers $6.99 per month, or $69.99 […]
Census of Agriculture shows continued decline in number of US farms
The 2017 Census of Agriculture released Thursday shows the amount of total land devoted to agricultural use continues to decline in the U.S. and the number of farms is declining. According to the U.S. Department of Agriculture, there were 2.04 million farms and ranches in the U.S. in 2017, down […]
Macy’s CEO responds to Jeff Bezos: We put our tax savings back into our employees
Macy’s used its savings from 2018 tax reform to create a “path for growth,” CEO Jeffrey Gennette told CNBC Thursday. The message came in response to Jeff Bezos’ challenge that retailers match Amazon’s employee compensation. “We decided to put [our tax savings] back into the community of our colleagues,” Gennette […]
Bank stocks could rally on the ‘slightest’ good news in earnings reports, Jim Cramer says
The banking sector will set the tone for earnings season when the group begins delivering quarterly results on Friday, CNBC’s Jim Cramer said Thursday. “The banks are the group that sets the tone for earnings season, and that’s a lucky thing because this time their stocks are coming in ice […]
Uber lists competitors like Alphabet and Amazon and addresses past scandals in its IPO filing
In a financial filing from Uber today, the company named competitors to its myriad business, ranging from startups like Zoox and DoorDash, to tech titans like Apple, Alphabet and Amazon. Uber named the following direct competitors… Ride-hailing companies: Lyft, Ola, Careem, Didi, Taxify and Yandex.Taxi Personal mobility businesses: Motivate (owned […]
The earnings picture is about to change, likely for the better, and Jamie Dimon may be a big help
The earnings picture is about to change, likely for the better, and J.P. Morgan Chase CEO Jamie Dimon may be a big help. The trading community is on edge as JP Morgan gets ready to kick off earnings season tomorrow. Analysts have been fretting that earnings have turned negative for […]