Over the last year, Caterpillar’s shares have bulldozed their way to new records. Yet that sudden and steep rally has at least one market watcher questioning its sturdiness. “The stock has had a great run but it’s kind of gone vertical in the last two months,” said Matt Maley, equity […]
CNBC News
Ford earnings swing to profit, but miss Wall Street’s target
Ford said its quarterly earnings swung to a profit in the fourth quarter, but fell shy of analysts’ expectations on Wednesday. The second-largest U.S. automaker blamed the miss in part on rising commodity prices and unfavorable foreign exchange rates. Here’s how the company did compared with what Wall Street expected: […]
Under new tax policy United Technologies to pay down debt from Rockwell Collins faster, says CEO
United Technologies will be able to pay off its debt sooner than expected as funds freed up by the new tax law flow back to the U.S., United Technologies Chairman and CEO Gregory Hayes told CNBC. The U.S. manufacturer of jet engines typically repatriates about $1 billion a year in […]
White House says Trump believes in a ‘free-floating’ currency
The White House on Wednesday declined to echo Treasury Secretary Steven Mnuchin‘s comment that a weaker dollar helps the United States. Press secretary Sarah Huckabee Sanders told reporters that the dollar is “stable” and reflects a “strong” American economy. When pressed if President Donald Trump supports a stronger or weaker […]
Your health data is safer in Apple’s hands than with other tech giants, says former Apple CEO
Consumers should not be concerned about their data if they choose to use Apple’s new way of storing medical records in their devices, former Apple CEO John Sculley told CNBC on Wednesday. Earlier that morning, Apple announced it was testing a new product that would let people view their medical […]
Alphabet’s latest business is company that will ‘stop cyber attacks before they cause harm’
Alphabet’s latest Google X business is in cybersecurity. On Wednesday, Google’s parent company introduced Chronicle and described it in a Medium post as a “new independent business within Alphabet that’s dedicated to helping companies find and stop cyber attacks before they cause harm.” Getting its start in X — the […]
Meg Whitman gets a new CEO gig at Katzenberg’s digital media start-up
Meg Whitman is headed to Hollywood. Whitman, who announced her departure from Hewlett Packard Enterprise in November, will be CEO of a Los Angeles media start-up founded by Jeffrey Katzenberg, according to a press release. The working name of the company is NewTV. “I’m very excited to bring my experience […]
How Richard Branson is keeping up with his goal to ‘get unbelievably fit’
Self-made billionaire Richard Branson is a jet-setter constantly on the move, but that isn’t stopping him from meeting the goals he set for himself this year. “My New Year’s resolution is to get unbelievably fit so I’m ready for a trip into space, so I’m making sure I’m keeping active […]
Apple skeptic says company ‘in trouble’ ahead of HomePod launch
Apple has lost some of its bite, one strategist says. Fiercer competition and an inflated belief in its own products are among some of the challenges facing the world’s largest company, according to BK Asset Management’s Boris Schlossberg. “I do think they’re in trouble. I think they’re making a huge […]
France’s Macron says globalization is going through a major crisis
This is a breaking news story, please check back later for more. Macron was tipped as the European leader to watch at the Forum, particularly as he appears to be the strongest leader in the region at the moment while Germany’s Chancellor Angela Merkel continues in her long-running attempt to […]