Investors are getting friendly with Facebook again. Shares of the social media giant climbed more than 5 percent in Wednesday trading on the back of its earnings report Tuesday evening. The move was also giving a boost to its fellow FANG stocks and the broader tech sector. Here’s what market […]
CNBC News
Cramer: I could buy into the idea of a year-end stock rebound if Apple earnings are good
CNBC’s Jim Cramer says he could be a believer in a possible year-end stock market rebound if Apple turns in a positive quarterly earnings report after the bell Thursday. “This is the most binary thing I have seen” in a long time, Cramer said on “Squawk on the Street” Wednesday. […]
Yum Brands shares jump as $1 nacho fries, pickle fried chicken draw more diners to Taco Bell and KFC
Yum Brands delivered better-than-expected earnings Wednesday as new menu items, including $1 nacho fries and pickle fried chicken, drew more customers to its Taco Bell and KFC restaurants during the third quarter. The company, which also owns Pizza Hut, said its net income rose 8.6 percent to $454 million, or […]
Stalled farm bill grabs attention during mid-terms, expected on front burner when Congress returns
With campaigning in the final days before Tuesday’s elections, a major issue Congress will have to deal with when it returns is the stalled farm bill. The lack of progress on the legislation has frustrated some farmers and become a campaign issue in the heartland at a time when the […]
GM to offer buyout to some workers in cost-cutting move: DJ
General Motors is offering buyouts to salaried workers to help cut costs, Dow Jones reported Wednesday. About 18,000 employees are eligible. The company said it is making the move now to take advantage of the strong economy and its own healthy performance. The largest U.S. automaker reported better than expected […]
Halloween is actually the best time to buy candy—and here’s the best kind to buy
If you haven’t yet stocked up on your Halloween candy, you’re in luck. Turns out waiting until the last minute is the best strategy, according to experts. Retailers tend to put candy and Halloween decor on sale closer to Oct. 31, so last-minute shoppers actually score good deals, Sara Skirboll, […]
The problem with housing is prices have recovered but demand hasn’t: Real estate mogul Sam Zell
U.S. home prices have rebounded from the 2008 housing market crash, but demand is still low due to changes in living and buying habits among millennials, real estate mogul Sam Zell told CNBC Wednesday. “It’s interesting that all the statistics recently on housing suggest that demand is down but prices […]
FDA says it had ‘constructive’ meetings with e-cigarette manufacturers on teen epidemic
The Food and Drug Administration has had “constructive” meetings with e-cigarette manufacturers since instructing them to fix “epidemic” levels of teen nicotine use, Commissioner Scott Gottlieb said Wednesday. Tthe FDA last month ordered five manufacturers — Juul, British American Tobacco‘s Vuse, Altria‘s MarkTen, Imperial Brands‘ Blu E-cigs and Japan Tobacco‘s […]
GE shares rebound from 9-year low after UBS upgrades stock: ‘Larry Culp is key’
UBS bumped its rating of General Electric shares to buy from neutral on Wednesday, saying the battered stock is primed for a turnaround with CEO Larry Culp at the helm. GE shares rose 1.2 percent in premarket trading a day after falling below $10 for the first time since 2009. […]
Bitcoin turns 10 — how it went from an abstract idea to a $100 billion market in a decade
Ten years ago, as Lehman Brothers was declaring bankruptcy and the global economy was lurching into recession, the idea for an alternative currency was being quietly built online. On October 31, 2008 bitcoin was born — and in the past ten years has evolved from an anti-establishment hobby among coders […]