In an interview with CNBC’s Jim Cramer, WM CEO Jim Fish described how the waste management company’s recent acquisition helps reduce volatility and hedge against more cyclical aspects of the business. “It’s a little bit of a natural hedge for us,” Fish said of Stericycle, which largely destroys medical or […]
CNBC News
Jim Cramer explains how better management can change a stock’s fate
CNBC’s Jim Cramer on Thursday said Wall Street doesn’t focus enough on impressive leaders in the enterprise, and suggested that new CEOs can change a company’s valuation in spite of negative macro trends. “Not all publicly traded companies are hostages to forces beyond their control,” he said. “Sometimes when you […]
Apple shares rise 3% as boost in services revenue overshadows iPhone miss
Apple’s overall revenue rose by 4% in its first fiscal quarter, but it missed on Wall Street’s iPhone sales expectations and saw sales in China decline 11.1%, the company reported on Thursday. But shares rose about 3% in extended trading after the company gave a forecast for the March quarter […]
Intel issues weak forecast, but beats on fourth-quarter results
Intel issued disappointing quarterly guidance on Thursday, but reported earnings and revenue that topped estimates. Shares were up 3% after hours. Here’s how the company did in the fourth quarter compared with LSEG estimates: Earnings per share: 13 cents adjusted vs. 12 cents expected Revenue: $14.26 billion vs. $13.81 billion […]
Instagram tests Reels pause feature as TikTok remains in limbo
Nurphoto | Nurphoto | Getty Images Meta is testing a long-awaited pause feature on Instagram Reels that will allow users to start and stop videos with just one tap. The new feature is the latest sign that Meta is looking to capitalize on TikTok’s uncertain future in the U.S. after […]
Apple’s gross margin hits record as services business keeps growing
Omar Marques | Lightrocket | Getty Images Apple is struggling to squeeze growth out of its flagship iPhone unit, but its profit margin keeps going up thanks to a flourishing services business. In its fiscal first-quarter earnings report on Thursday, Apple reported a gross margin — the profit left after […]
American Airlines collision with Army helicopter is worst U.S. air disaster since 2001
A screen grab captured from a video shows a regional plane collided in midair with a military helicopter and crashed into the Potomac River in Washington, D.C. United States on Jan. 29, 2025. Kennedy Center Cam | Anadolu | Getty Images The midair collision of a military helicopter and an […]
Apple misses on iPhone revenue, sees 11% drop in China sales
Apple’s overall revenue rose by 4% in its first fiscal quarter, but it missed on Wall Street’s iPhone sales expectations and saw sales in China decline 11.1%, the company reported on Thursday. Shares fell less than 2% in extended trading. Here’s how Apple did versus LSEG consensus estimates for the […]
Intel issues weak forecast, citing seasonality and an uncertain economy
Michelle Johnston Holthaus, Intel’s co-CEO and then executive vice president and general manager of the company’s Client Computing Group, holds a Intel Core Ultra processor as she speaks during the Intel AI Everywhere event in New York on Thursday, Dec. 14, 2023. Victor J. Blue | Bloomberg | Getty Images […]
UPS shares tank 14% after weak guidance, plan to slash Amazon deliveries by more than half
Amazon Prime and UPS trucks are seen in Washington, D.C., on July 12, 2024. Jakub Porzycki | Nurphoto | Getty Images Shares of United Parcel Service closed down 14% Thursday after the company issued weak revenue guidance for the year and said it planned to cut deliveries for Amazon, its […]