Sanmina shares skyrocketed more than 20 percent on Tuesday after the company reported better-than-expected profit and sales for the last quarter and said this quarter’s earnings could top Wall Street expectations as well. The company is a contract electronics manufacturer specializing in communications networks and semiconductors, among other areas. After […]
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Apple sinks into correction territory
Apple sunk into correction territory Tuesday, shedding more than a percent and falling below $163 for the first time since February. Shares were off more than 11.5 percent since March 13 — when the stock hit an all-time intraday high of $183.50. Wall Street is increasingly wary of the stock […]
Homebuyers are stretching their budgets and mortgage limits to win bidding wars
At a Sunday open house on a sunny spring day outside Philadelphia, only about a half-dozen families showed up to tour a $600,000 colonial. The home was in a sought-after suburb with excellent schools and had just gone on the market the previous Thursday. The showing was lean, likely because […]
Tim Hortons’ owner is ‘not happy’ with the brand, eyes major turnaround
Tim Horton’s owner is not happy with its performance. Traditionally tight-lipped Restaurant Brands International, which also owns Burger King and Popeye’s, told investors Tuesday that it’s about to make major changes at its Canadian-based coffee chain. “We’re not happy with sales growth and overall results at Tim Hortons,” Daniel Schwartz, […]
A reporter asked Trump if he would pardon Michael Cohen. Trump said ‘Stupid question’
President Donald Trump on Tuesday batted away the question of whether he will pardon his personal lawyer, Michael Cohen, who is facing an investigation into potential financial crimes. The curt exchange came in the midst of French President Emmanuel Macron, who is making his first official state visit to the […]
How this 26-year-old who has been blind since birth got a job writing code at Amazon
It’s no easy feat to snag a coveted job at a massive tech company. Doing so while blind and partially deaf is even harder. Yet that’s exactly what 26-year-old Michael Forzano did in 2013 when he scored a software engineer position on Amazon’s retail accessibility team. According to The Amazon […]
Here’s what to do when debt collectors come after your toddler
Should your toddler receive a jury-duty summons in the mail, or debt collectors start calling for your tween, don’t be so quick to dismiss those interactions as a quirk of mistaken identity. More than 1 million children — or 1.48 percent of minors — were victims of identity theft or […]
Embattled EPA chief Scott Pruitt faces public grilling this week as GOP support erodes
EPA Administrator Scott Pruitt reports to Capitol Hill on Thursday for a pair of hearings on his agency’s 2018 budget proposal, but the embattled Trump deputy is likely to face as many questions about his personal conduct as EPA’s spending priorities. Since the hearings were announced, revelations about Pruitt’s rental […]
Google has more information on you than Facebook, but users and investors don’t seem to mind
Google has more information on users than Facebook, notes one venture capitalist. “If you think Facebook knows a lot about you, try Google,” Kevin Landis, CEO and chief investment officer of Firsthand Capital Management, told CNBC’s “Closing Bell” on Monday. “They know every search you’ve ever made and everywhere your […]
Stocks making the biggest moves premarket: MMM, KO, CAT, TRV, VZ, UTX, HOG, LLY & more
Check out the companies making headlines before the bell: 3M – The maker of a wide variety of consumer products matched forecasts, with quarterly profit of $2.50 per share. Revenue topped forecasts. CEO Inge Thulin said the company saw broad-based organic growth during the quarter. Coca-Cola – The beverage giant […]