ng Warren Buffett's Berkshire swings to massive $50 billion net loss after coronavirus pummels stock investments By www.cnbc.com Published On :: Sat, 02 May 2020 16:57:00 GMT Berkshire's first-quarter net loss totaled $49.75 billion. A year earlier, net earnings totaled $21.66 billion. Full Article
ng DuPont doubles cost-savings target, slashes capital expenses By www.cnbc.com Published On :: Tue, 05 May 2020 12:03:38 GMT Industrial materials maker DuPont on Tuesday slashed its capital expenditure by about $500 million and raised its annual cost-savings target to counter global trade uncertainties brought on by the coronavirus outbreak. Full Article
ng 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
ng 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
ng Pinterest drops after reporting slowing user growth in first quarter results By www.cnbc.com Published On :: Tue, 05 May 2020 21:46:18 GMT Shares of Pinterest fell as much as 9% in after-hours trading on Tuesday after the company reported its first quarter results. Full Article
ng The businesses that made Disney a juggernaut are suddenly hurting, distracting from its streaming success By www.cnbc.com Published On :: Tue, 05 May 2020 23:16:21 GMT Disney wants Wall Street to focus on its growing streaming business, but its media networks, theme parks and film studio have grown too large to be ignored. That's become a big problem during coronavirus shutdowns. Full Article
ng 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
ng 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
ng 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
ng Homebound parents bought board games, not Barbies, crippling Mattel's sales in the first quarter By www.cnbc.com Published On :: Wed, 06 May 2020 15:56:15 GMT Consumers stocked up on board games, not Barbie dolls, amid the coronavirus pandemic, sending Mattel's sales in the first quarter tumbling. Full Article
ng 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
ng ‘Tebowing’ Bows to ‘Gronking’ By www.cnbc.com Published On :: Fri, 26 Feb 2016 21:32:18 GMT Last week all we (me) could talk about was Tim Tebow. Then he ran into Tom Brady. Full Article
ng 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
ng 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
ng 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
ng 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
ng Seeing spike in demand for sedatives and painkillers, Fresenius CFO says By www.cnbc.com Published On :: Wed, 06 May 2020 09:48:54 GMT Rachel Empey, CFO of Fresenius, outlines how the healthcare firm's earnings are being impacted by the coronavirus crisis. Full Article
ng 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
ng 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
ng 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
ng 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
ng 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
ng 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
ng 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
ng It's been a challenging quarter, ING CFO says By www.cnbc.com Published On :: Fri, 08 May 2020 07:34:23 GMT Tanate Phutrakul, CFO of ING, discusses the lender's first-quarter earnings. Full Article
ng Expecting to see earnings trough in the third quarter, Siemens CEO says By www.cnbc.com Published On :: Fri, 08 May 2020 07:37:18 GMT Siemens CEO Joe Kaeser discusses the impact of the coronavirus pandemic on the company's earnings. Full Article
ng 'Buyer beware' at this point — it's going to be a grind from here, strategist warns By www.cnbc.com Published On :: Fri, 08 May 2020 09:05:25 GMT Hani Redha, multi-asset portfolio manager at PineBridge Investments, discusses investing amid the coronavirus crisis. Full Article
ng 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
ng 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
ng Apple Watch challenges By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT CNBC's Morgan Brennan and Tom's Guide Reviews Editor Mike Prospero discuss some of the challenges Apple Watch could face in the wearable device market. Full Article
ng Paying with a selfie? Alibaba's testing it out By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT CNBC's Morgan Brennan and Tom's Guide Editor-in-Chief Mark Spoonauer discuss whether Alibaba's facial recognition payment system could actually be popular among consumers. Full Article
ng Pebble Watch funding hits milestone By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT CNBC's Morgan Brennan and Tom's Guide Editor-in-Chief Mark Spoonauer talk about Pebble's place in the smart watch market. Full Article
ng Retire well: Salary saving tips By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT CNBC's Sharon Epperson breaks down salary saving tips for workers in different age groups, helping to lead them to the road to wealth. Full Article
ng Seven things you never knew about Scrabble By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:35:59 GMT In honor of Scrabble Day, CNBC has compiled the most important numbers on the world-popular board game. Did you known approximately 150 million sets have been sold worldwide? Full Article
ng Reid: Ban this sport before boxing By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT CNBC's John Harwood asks Harry Reid about his boxing days. Full Article
ng Crowdsourcing your bottom line By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT Internet lingerie startup "Adore Me" aims to disrupt the U.S. lingerie market. One strategy their using, is to crowdsource the designs they bring to market. Full Article
ng Picking the best credit card for you By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT CNBC's Landon Dowdy highlights four guidelines to help you pick the best credit card. Full Article
ng The current global slowdown is going to have a long tail, strategist says By www.cnbc.com Published On :: Fri, 24 Apr 2020 10:13:37 GMT James Morton, CIO at Santa Lucia Asset Management, discusses the prospect of a recovery from the coronavirus pandemic, saying the downturn will last for a while. Full Article
ng 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
ng 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
ng Analyst looking to build portfolios that will 'last the next decade' By www.cnbc.com Published On :: Tue, 28 Apr 2020 10:49:54 GMT BNP Paribas Asset Management's Paul Sandhu discusses his 2020 equity strategy and finding opportunity amidst the current volatility in markets. Full Article
ng 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
ng 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
ng Lower interest rates are the biggest headwind this year, says CEO of Singapore's largest bank By www.cnbc.com Published On :: Thu, 30 Apr 2020 06:46:08 GMT The Federal Reserve's "big cuts" to its policy rates will eventually lead to lower interest rates in Singapore, says Piyush Gupta, chief executive of DBS Group Holdings. Full Article
ng 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
ng 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
ng Expect lockdown exit to be a long-drawn process, strategist says By www.cnbc.com Published On :: Mon, 04 May 2020 09:08:18 GMT Eli Lee from Bank of Singapore says that investors must realize that the speed of coming out of coronavirus lockdowns will be nowhere near the pace at which we entered it. Full Article
ng 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
ng 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
ng Egypt has been 'pushing forward' structural reforms amid virus crisis, says minister By www.cnbc.com Published On :: Wed, 06 May 2020 09:23:08 GMT Egypt has been implementing structural reforms in an "expedited fashion" and widening social safety nets to people who are vulnerable in light of the coronavirus outbreak, says Rania Al-Mashat, Egypt's minister of international cooperation. Full Article