co Disney's parks were its biggest profit-maker, now they could be its biggest drag on earnings By www.cnbc.com Published On :: Tue, 05 May 2020 18:58:46 GMT Last year, Disney's Parks, Experiences and Consumer Products segment was its fastest-growing profit driver. Now, it could be the company's biggest drag on earnings, thanks to the Covid-19 outbreak. Full Article
co Wayfair shares rocket higher as coronavirus-related store closures shift more demand its way By www.cnbc.com Published On :: Tue, 05 May 2020 15:58:13 GMT Online furniture retailer Wayfair's net loss widened during the first quarter, as its sales surged nearly 20% from a year ago. Full Article
co Cheesecake Factory swings to a loss as coronavirus weighs on earnings By www.cnbc.com Published On :: Wed, 06 May 2020 15:44:17 GMT The Cheesecake Factory swung to a loss in its first quarter as the coronavirus pandemic forced the company to close its dining rooms and furlough thousands of its workers. Full Article
co Beyond Meat shares rise as first-quarter revenue soars 141%, but it withdraws 2020 forecast due to coronavirus By www.cnbc.com Published On :: Tue, 05 May 2020 23:23:06 GMT Citing uncertainty due to the coronavirus pandemic that's shuttered much of the dine-in restaurant industry around the world, the company suspended its full-year forecast. Full Article
co Disney reports 58% drop in operating income from parks and cruises, its worst-hit segment By www.cnbc.com Published On :: Tue, 05 May 2020 21:54:21 GMT This is the first earnings report with Bob Chapek at the helm of Disney, after former CEO Bob Iger transitioned to executive chairman. Full Article
co Wendy's shares jump after company reports US same-store sales picking up as customers return By www.cnbc.com Published On :: Wed, 06 May 2020 14:12:02 GMT Wendy's reported that its U.S. same-store sales are rebounding after plunging in March and the first half of April. Full Article
co General Motors ekes out $294 million profit in the first quarter despite crippling production and sales from coronavirus By www.cnbc.com Published On :: Wed, 06 May 2020 13:51:37 GMT The Covid-19 outbreak cut deeply into GM's performance, costing the largest U.S. automaker $1.4 billion before taxes during the first three months. Full Article
co New York Times expects ad revenue to plummet 50% in Q2, but broke its record for net new subscriptions in a quarter By www.cnbc.com Published On :: Wed, 06 May 2020 18:25:08 GMT The New York Times Company said it expects advertising revenue to fall between 50-55% year-over-year in the second quarter as impacts of the pandemic are hitting demand for advertisers. But the media company, which gets two-thirds of its revenue from subscriptions, said it added more than half a million net new digital subscriptions. Full Article
co Papa John's CEO says April was the best month in company's history By www.cnbc.com Published On :: Wed, 06 May 2020 20:28:12 GMT "We feel very confident that we have the infrastructure in place to deliver long-term, sustainable growth," Papa John's CEO Rob Lynch told CNBC. Full Article
co Lyft shares jump 15% as company reports more riders than last year despite coronavirus By www.cnbc.com Published On :: Wed, 06 May 2020 21:30:46 GMT Lyft reports its first-quarter results on Wednesday after the bell. Full Article
co Peloton sales surge 66%, as more people buy bikes during coronavirus pandemic; shares jump By www.cnbc.com Published On :: Thu, 07 May 2020 14:16:16 GMT Peloton's revenue surged 66% during the fiscal third quarter, as more people purchased its fitness equipment and tuned into its live classes, to try to break a sweat while stuck at home during the coronavirus pandemic. Full Article
co ECB ruling: German court can only check core of domestic constitution, analyst says By www.cnbc.com Published On :: Tue, 05 May 2020 10:04:15 GMT Volker Wieland, endowed chair of monetary economics at the Institute for Monetary and Financial Stability, discusses the impending verdict on whether the ECB's public sector purchase program is legal under German law. Full Article
co No exact playbook on how to reopen economies, doctor says By www.cnbc.com Published On :: Tue, 05 May 2020 10:05:28 GMT Peter Drobac, director of the University of Oxford's Skoll Centre for Social Entrepreneurship, discusses Europe's handling of the coronavirus crisis. Full Article
co Valuations only part of the picture in coronavirus crisis, strategist says By www.cnbc.com Published On :: Tue, 05 May 2020 10:41:32 GMT John Bilton, global head of multi-asset strategy at J.P. Morgan Asset Management, discusses the impact of the Covid-19 pandemic on stock valuations. Full Article
co E-commerce saw triple-digit growth in April, Pandora CEO says By www.cnbc.com Published On :: Tue, 05 May 2020 14:24:02 GMT Alexander Lacik, CEO and president of Pandora, discusses the Danish jeweler's earnings. Full Article
co Today's market composition doesn't reflect who is leading the rally, fund manager says By www.cnbc.com Published On :: Wed, 06 May 2020 07:49:43 GMT Guy de Blonay, fund manager for global equities at Jupiter Asset Management, discusses investing amid the coronavirus crisis. Full Article
co Second quarter will be 'worst point in time' for European autos, analyst says By www.cnbc.com Published On :: Wed, 06 May 2020 07:51:42 GMT Jurgen Pieper, senior advisor for automobiles at Metzler, discusses the impact of the coronavirus pandemic on the autos sector. Full Article
co Protecting health and safety of citizens must come first, Spanish minister says By www.cnbc.com Published On :: Wed, 06 May 2020 09:37:27 GMT Spanish Minister of Foreign Affairs, the European Union and Cooperation Arancha Gonzalez discusses Spain's current state of emergency. Full Article
co Europe has scope to strengthen relationship with China, Spanish minister says By www.cnbc.com Published On :: Wed, 06 May 2020 09:38:42 GMT Spanish Minister of Foreign Affairs, the European Union and Cooperation Arancha Gonzalez discusses the coronavirus crisis. Full Article
co Working to ensure we emerge stronger from coronavirus crisis, Solvay CEO says By www.cnbc.com Published On :: Wed, 06 May 2020 09:50:02 GMT Ilham Kadri, CEO of Solvay, discusses the chemicals company's first-quarter earnings. Full Article
co Croatia brings new coronavirus infections down to single digits By www.cnbc.com Published On :: Wed, 06 May 2020 13:16:11 GMT Croatian Prime Minister Andrej Plenkovic discusses the EU's response to the Covid-19 pandemic and how the country has handled the crisis. Full Article
co Economic scars will remain for EU after coronavirus, official says By www.cnbc.com Published On :: Wed, 06 May 2020 13:16:45 GMT EU Economic Commissioner Paolo Gentiloni discusses the economic impact of the coronavirus pandemic across the euro zone. Full Article
co Coronavirus an 'unbelievable' challenge for hospitality sector, IHG CEO says By www.cnbc.com Published On :: Thu, 07 May 2020 09:04:59 GMT Keith Barr, CEO of InterContinental Hotels Group, discusses the impact of the coronavirus pandemic on the company. Full Article
co Equinor has reduced 2020 costs by $3 billion and is prepared to do more, CEO says By www.cnbc.com Published On :: Thu, 07 May 2020 09:05:24 GMT Eldar Sætre, CEO of Equinor, discusses the company's first-quarter earnings. Full Article
co Expecting recovery from coronavirus to be L-shaped, strategist says By www.cnbc.com Published On :: Thu, 07 May 2020 09:43:19 GMT Stephen Isaacs, chairman of the investment committee at Alvine Capital Management, discusses the market recovery from the coronavirus crisis. Full Article
co Seeing opportunities in UK-listed companies, strategist says By www.cnbc.com Published On :: Thu, 07 May 2020 10:03:41 GMT Dan Kemp, CIO of Morningstar Investment Management EMEA, discusses the U.K. economy. Full Article
co Long-term economic scarring should justify further easing from Bank of England, economist says By www.cnbc.com Published On :: Thu, 07 May 2020 10:11:47 GMT Fabrice Montagne, chief U.K. economist at Barclays, discusses the U.K. economy. Full Article
co Strong nutrition business lifted first-quarter earnings, DSM co-CEO says By www.cnbc.com Published On :: Thu, 07 May 2020 17:05:31 GMT Geraldine Matchett, co-CEO of DSM, discusses the company's first-quarter earnings. Full Article
co Too early to tell if EU will continue to exist as it does today, historian says By www.cnbc.com Published On :: Fri, 08 May 2020 07:35:56 GMT Kiran Klaus Patel, author of "Project Europe: A History," discusses the impact of the coronavirus crisis on the European Union. Full Article
co German court ruling on ECB bond buying 'laughable,' Societe Generale chair says By www.cnbc.com Published On :: Fri, 08 May 2020 09:06:02 GMT Lorenzo Bini Smaghi, chairman of Societe Generale and former member of the ECB's executive board, discusses the German constitutional court's call for the European Central Bank to justify its bond-buying program. Full Article
co ECB has responded well to German court ruling, former ECB vice president says By www.cnbc.com Published On :: Fri, 08 May 2020 10:03:35 GMT Vitor Constancio, former vice president of the ECB, discusses the German constitutional court's ruling on the European Central Bank's bond-buying program. Full Article
co Google Wallet and Apple Pay race for second place By www.cnbc.com Published On :: Tue, 24 Feb 2015 19:34:37 GMT Apple has ventured into the market for mobile payments with Apple Pay, but Google's latest deal with wireless carriers could give it more of an edge. Full Article
co Corporate America takes lead in gay-rights uproar By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT Gay rights advocates and corporate leaders such as Apple's Tim Cook and Wal-Mart's Doug McMillon lead the charge against Arkansas' and Indiana's religious freedom laws. Full Article
co How beer benefits the US economy By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT Beer is the most popular alcoholic drink in the U.S. But did you know the beer industry employs over 2 million Americans? Full Article
co Did you know Alcoa helped make all this? By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT Alcoa is an integral part of consumers' lives whether they know it or not. Full Article
co A higher deficit will need to be factored in to new EU budget, says economist By www.cnbc.com Published On :: Fri, 24 Apr 2020 09:05:19 GMT Radhika Rao from DBS Bank discusses the European Union's economic response in combating the coronavirus pandemic. Full Article
co HSBC results were unsurprising given economic fallout from coronavirus, says analyst By www.cnbc.com Published On :: Wed, 29 Apr 2020 08:26:18 GMT HSBC's first-quarter earnings were not surprising given the global economic fallout of the coronavirus pandemic, says Filippo Alloatti, senior credit analyst at Federated Hermes. He also discusses the bank's decision to suspend share buybacks and dividend payouts for now. Full Article
co The coronavirus crisis is 'accelerating' the need for economic transformation: Citi By www.cnbc.com Published On :: Tue, 28 Apr 2020 09:46:46 GMT Miguel Azevedo of Citi discusses the coronavirus pandemic's impact on Middle Eastern nations, mergers and acquisitions, and economic activity in the Muslim holy month of Ramadan. Full Article
co Andrew Forrest on using business power to fight Australia's coronavirus crisis By www.cnbc.com Published On :: Wed, 29 Apr 2020 06:59:40 GMT With ten million test kits now secured by the Mindaroo Foundation and its business partners, Australia will have the "abundant capacity" to test widely for infections to "end the virus, not the economy," says Andrew Forrest, the foundation's co-founder and chairman, and former CEO of Fortescue Metals Group. Full Article
co Earnings will get a massive hit this year from the coronavirus hit: Portfolio Manager By www.cnbc.com Published On :: Wed, 29 Apr 2020 07:21:36 GMT Steven Glass of Pengana International Fund says there is a wide disconnect between fundamentals and market moves and we are currently witnessing a bear-market rally. Full Article
co Things could look worse for latest US recession: Former Fed special advisor By www.cnbc.com Published On :: Thu, 30 Apr 2020 06:52:18 GMT With the United States in a "very, very severe recession" given the coronavirus outbreak, the Fed will have to continue being a "lender of last resort" and use appropriate monetary policy to ensure sufficient liquidity in the economy, says Andrew Levin, professor of economics at Dartmouth College and a former special advisor to the Federal Open Market Committee (FOMC). Full Article
co Oil, Covid-19 shock will not be a capital event for GCC banks: S&P Global Ratings By www.cnbc.com Published On :: Mon, 04 May 2020 08:03:57 GMT Given the "strong profitability" of banks in the Gulf Cooperation Council countries, the oil price shock and the coronavirus pandemic are unlikely to deplete their capital base, says Mohamed Damak of S&P Global Ratings. Full Article
co North Asian tech stocks are attractive despite coronavirus crisis: State Street By www.cnbc.com Published On :: Tue, 05 May 2020 07:19:26 GMT The coronavirus has been a massive blow for markets across the globe. But Daniel Gerard of State Street says tech stocks in North Asia still offer plenty of opportunities for investors. Full Article
co The coronavirus pandemic is a 'crisis of trust' for consumers: Majid Al Futtaim CEO By www.cnbc.com Published On :: Tue, 05 May 2020 09:25:02 GMT It's going to be a "very difficult" period for the Middle East given coronavirus pandemic, but this could be a "golden opportunity" for economies to implement reforms and become more resilient, says Alain Bejjani, CEO of Majid Al Futtaim. Full Article
co Stem cell treatment for coronavirus symptoms being trialed in the UAE By www.cnbc.com Published On :: Tue, 05 May 2020 09:32:20 GMT Dr. Fatima al-Kaabi of the Sheikh Khalifa Medical City discusses a stem cell treatment currently being tested for its efficacy in alleviating coronavirus symptoms, and the easing of the lockdown in the UAE. Full Article
co Trump is playing the coronavirus 'blame game' with China ahead of the 2020 election: OCBC By www.cnbc.com Published On :: Wed, 06 May 2020 07:35:33 GMT The Trump Administration has attacked China over its handling of the coronavirus pandemic. Vasu Menon of OCBC warns tensions between Washington and Beijing could pick up even further, heading into the 2020 election. Full Article
co Oil could hit $100 in next 18 months: Egyptian billionaire Naguib Sawiris By www.cnbc.com Published On :: Wed, 06 May 2020 09:40:45 GMT Oil prices could rise to $100 in the next 18 months, given that the fallout from the Russia-Saudi oil war has effectively killed the shale industry in the United States for the next year or so, says Naguib Sawiris, chairman and CEO at Orascom Investment Holding. Full Article
co Expat job losses in the UAE will add to troubles in the GCC: Economist By www.cnbc.com Published On :: Wed, 06 May 2020 13:17:23 GMT Chris Payne of Peninsula Real Estate Management says the real problem in the GCC is not unemployment, but population shrinkage, as expats will be the first to be furloughed in an economic downturn. Full Article
co Didi is 'even more confident' about entering global markets now, says president By www.cnbc.com Published On :: Thu, 07 May 2020 06:50:27 GMT Didi Chuxing is now "even more confident and more committed" to the idea of entering global markets in the wake of the coronavirus crisis, says Jean Liu, president of the mobile app-based transportation firm. Full Article
co China's May, June exports could be weaker due to lockdowns in other countries: Credit Suisse By www.cnbc.com Published On :: Thu, 07 May 2020 08:23:42 GMT China's exports could weaken in May, possibly also in June, as some of its largest export markets in the West have been under lockdown due to the pandemic, says Ray Farris, Credit Suisse's chief investment officer for South Asia. Full Article