President Donald Trump’s focus on trade deficits being a “bad deal” for the United States is no way to get a trade agreement, conservative economic analyst James Pethokoukis told CNBC on Thursday. Not only is that talk hindering NAFTA negotiations and any potential of re-entering a Pacific trade deal, the […]
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Starbucks 58 cents adjusted vs expected 57 cents per share
Starbucks investors are bracing themselves for the the coffee giant’s fiscal first-quarter earnings, which are set to be released after the closing bell on Thursday. On Thursday, the company is expected to post earnings of 57 cents per share on $6.18 billion in revenue, according to Thomson Reuters estimates. Overall […]
Western Digital to report earnings after the bell
Disk drive company Western Digital is set to report its earnings for the December quarter Thursday after the bell. Here’s what Wall Street is expecting: Earnings per share of $3.79, as expected by Thomson Reuters. Revenue of $5.3 billion, as expected by Thomson Reuters. The period covered is the second […]
Intel earnings: $1.08 per share, vs expected EPS of 86 cents
Intel stock rose nearly 4 percent after the company released better-than-expected earnings for the fourth quarter of 2017 on Thursday. The company will hold a conference call with analysts at 5 p.m. Eastern time. Analysts are expecting: EPS: Excluding certain items, $1.08 in earnings per share vs. $0.86 in earnings […]
JP Morgan reveals top internet picks ahead of earnings
J.P. Morgan’s tech analyst said he expects good things from internet earnings next week, when some of the country’s largest companies report their financial results. Given tech’s impressive rally in 2017, analyst Doug Anmuth told clients that expectations for companies like Facebook and Google are high. “We remain positive into […]
Trump wants to talk taxes in Davos. But the rest of the world is less enthusiastic
The overhaul of the America’s tax code is being met with consternation abroad, as foreign leaders face growing pressure to slash their own tax rates and warn that key provisions in the new U.S. law could violate international treaties. Europe’s most powerful finance ministers have alerted Treasury Secretary Steven Mnuchin […]
Here’s the guest list for Trump’s dinner party in Davos
President Donald Trump hosted a dinner for European business leaders on Thursday, his first night at the World Economic Forum in Davos, Switzerland. At the start of the event, each of the guests described what his or her company does, and most of them complimented Trump on the passage of […]
MGM China delays opening of US$3.4 billion Cotai casino resort for fourth time
MGM China Holdings, one of Macau’s six major casino operators, has delayed for a fourth time the opening of its much anticipated $3.4 billion new resort, MGM Cotai, saying it was still going through an administrative approval process. The company’s second integrated casino, hotel and entertainment complex in Macau, MGM […]
Here’s what Mitch McConnell actually promised on DACA
Senate Democrats agreed to reopen the federal government this week because they had reached an understanding with Senate Majority Leader Mitch McConnell on how to move forward with an immigration debate. In the eyes of the activist base, that was the deal’s flaw: McConnell has already reneged on promises he […]
Amazon now has more power than any US state or city, tech investor Roger McNamee says
As metro areas compete to be the home of Amazon‘s second headquarters, Americans watching the process play out are learning how much power the company has amassed, tech investor Roger McNamee said Thursday. “We know where the power is in this country now. You think of the government historically as […]