Wall Street closed mostly higher as investors stateside focused on earnings releases ahead of Asia’s Wednesday trading day. U.S. stocks closed mixed on Tuesday, with market focus shifting from politics to corporate earnings after a three-day government shutdown came to an end on Monday. Of note, shares of Netflix jumped […]
CNBC News
Cramer Remix: Netflix’s recent run makes me upset
CNBC’s Jim Cramer would usually be happy about Netflix’s huge Monday earnings beat, but this time around, he was a little disappointed. “Normally I love it when my favorite stocks surge higher, but today’s 10 percent run in Netflix kind of had me bummed me out,” the “Mad Money” host […]
Barstool Sports CEO: ‘There is nothing that this company can’t do because we have an audience’
Having built a huge media brand with its finger on the pulse of a cult-like following, Barstool Sports founder Dave Portnoy told CNBC on Monday that he could see himself eventually stepping down. “I’d like to sell the company for at least $250 million and retire and go live and […]
Amazon’s cloud business acquires Sqrrl, a security start-up with NSA roots
Amazon’s cloud business has acquired Sqrrl, a cybersecurity start-up that spun out of the National Security Agency. The deal, which Sqrrl confirmed on Tuesday, comes as Amazon Web Services aims to pick up more business from U.S. intelligence agencies. In November AWS announced the formation of a “secret” region of […]
Cramer: Check your bias at the door with stocks like Facebook and P&G
It used to be an unspoken rule for investors to sell stocks at the first sign of negative news, but sometimes, the rules have to change, CNBC’s Jim Cramer said Tuesday. “This time is indeed different, which means you can’t take your cue from the playbook that worked in more […]
GE’s stock is the ‘mangiest dog of the Dow,’ stay away, says market watcher
General Electric is set to report quarterly earnings Wednesday before the opening bell, and some are looking for any indication of a turnaround in store. The beleaguered stock is already the worst-performing Dow component of 2018, coming off of a historically bad year. “Who would have thought that General Electric, […]
This is the best time in decades to own commodities, says Goldman Sachs commodities chief
Today’s global economy has created the best backdrop in “decades” for owning commodities, says Jeffrey Currie, global head of commodities for Goldman Sachs. In Currie’s view, the market’s love affair with technology equities, especially the FANG stocks, is unjustly drawing capital away from commodities. “I think it has a lot […]
United Continental fourth-quarter profit tops Wall Street estimates
United Continental Holdings, the parent of United Airlines, posted earnings Tuesday that outpaced analyst estimates. For the fourth quarter, the company said it earned $1.40 per share, on an adjusted basis. Wall Street analysts polled by Thomson Reuters were expecting earnings of $1.34 per share. The airline had struggled to […]
Apple releases Meltdown patches for older versions of Mac
Apple on Tuesday took the next step toward protecting Mac users from recently disclosed security vulnerabilities that have been shown to affect many kinds of devices. The move brings Apple closer to being on par with Microsoft in terms of deploying protections for older versions of its desktop operating systems. […]
Facebook hires the scientist who helped build IBM Watson to lead its A.I. expansion
Facebook has hired a former IBM executive to be its head of artificial intelligence as it aims to expand its efforts in that area. The personnel changes come as Amazon, Google and Microsoft also staff up in AI. Jérôme Pesenti, who led the development of the Watson platform at IBM […]