Ten things need to change for the stock market to come back from its Monday declines, CNBC’s Jim Cramer said as high-profile technology stocks Facebook and Apple led the major averages lower. “When does this rout end? When do the buyers come in? When do the sellers finish?” he wondered […]
CNBC News
After Khashoggi murder, some Saudi royals turn against crown prince
Amid international uproar over the killing of journalist Jamal Khashoggi, some members of Saudi Arabia’s ruling family are agitating to prevent Crown Prince Mohammed bin Salman from becoming king, three sources close to the royal court said. Dozens of princes and cousins from powerful branches of the Al Saud family […]
L Brands falls after cutting annual dividend in half
L Brands shares fell 4 percent postmarket Monday after the company said it would slash its annual dividend in half to $1.20. The company, known for its brands Victoria’s Secret and Bath & Body Works, beat profit expectations. L Brands reported adjusted earnings of 16 cents a share versus a […]
Stocks making the biggest moves after hours: Urban Outfitters, L Brands and more
Check out the companies making headlines after the bell: Urban Outfitters shares rose over 6 percent during after-hours trading Monday after the retailer beat analysts’ expectations on revenue and earnings. The company reported earnings of 70 cents a share versus an estimate of 62 cents a share. Third-quarter revenue was […]
The Amazon-Berkshire-JPM health venture just hired first female exec, from a big insurance company
The joint health care venture by Amazon, Berkshire Hathaway and J.P. Morgan has hired a well-known health insurance exec who specializes in analyzing data to improve patient health. The group has scooped up Dana Gelb Safran, formerly a chief performance measurement and improvement officer at Blue Cross Blue Shield of […]
Cloud stocks get hammered, with Salesforce suffering worst day since early 2016
The market sell-off is is crushing cloud stocks. Salesforce had its worst day since February 2016, plunging 8.7 percent on Monday to $121.01, leading a swoon in shares of companies that sell subscription software. Workday fell 7.6 percent, ServiceNow dropped 8.4 percent and Atlassian fell 8.7 percent. A number of […]
Once popular tech stocks like Facebook and Apple are now getting crushed: Here’s what happened
Technology stocks were hit hard on Monday, with some of the biggest U.S. companies leading losses across the sector. The tech-heavy Nasdaq Composite fell 3 percent as it continued a 6-week slide. The index was led lower by Facebook, Apple, and Nvidia. Facebook’s stock hit its lowest level since February […]
Fed doesn’t seem in as much of a rush to raise interest rates as stocks plunge
In the past several days, the markets have become convinced Fed officials are intentionally signaling that they could pause from raising interest rates next year. The recent speeches from several officials have been interpreted as being more dovish, even if the officials haven’t strayed much from their core message — […]
This holiday season, there’s no room for error for these five retailers
Despite all the changes in retail, one thing remains constant: the holidays are the most crucial season of year. Many retailers can ring up a third or more of their sales during the holiday quarter. The extra shoppers flooding through the doors give retailers like Walmart, Amazon and Target a […]
As Facebook shares plunge, one expert calls it a top pick, another calls it a crisis
Facebook tanked again on Monday. The stock has now plummeted 13 percent in November amid fresh controversy over how it deals with misinformation and reports of turmoil in the C-suite. Facebook is now 39 percent from record highs reached in July. Here’s what three experts have to say: Victor Anthony […]