on Tyson Foods shares fall 8% as production disruptions take a toll on profits, company secures $1.5 billion loan facility By www.cnbc.com Published On :: Mon, 04 May 2020 14:49:17 GMT Tyson Foods on Monday reported that its fiscal second-quarter net income fell 15% from a year earlier, as production disruptions weighed on its results. Full Article
on Tenet Healthcare warns of significant Covid-19 impact in the second quarter By www.cnbc.com Published On :: Tue, 05 May 2020 10:37:06 GMT Tenet Healthcare warned of a significant hit from the Covid-19 pandemic in the current quarter, even as the hospital operator's quarterly profit beat estimates due to a tax benefit from the coronavirus stimulus bill. Full Article
on 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
on 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
on 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
on 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
on 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
on 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
on 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
on 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
on Carvana shares tumble double digits on first-quarter losses By www.cnbc.com Published On :: Wed, 06 May 2020 23:24:39 GMT Shares of Carvana tumbled double digits during after-market trading following the auto retailer reporting a net loss of $183.6 million during the first quarter. Full Article
on 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
on 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
on ‘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
on 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
on 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
on 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
on 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
on 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
on 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
on 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
on 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
on 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
on 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
on 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
on 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
on 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
on 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
on 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
on Fresh US-China trade tensions a 'distinct risk' amid pandemic, strategist says By www.cnbc.com Published On :: Fri, 08 May 2020 07:36:07 GMT Salman Ahmed, chief investment strategist at Lombard Odier Investment Managers, discusses trade tensions between the U.S. and China. Full Article
on 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
on 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
on 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
on Who wins—and who loses—on net neutrality rules By www.cnbc.com Published On :: Thu, 26 Feb 2015 18:11:43 GMT The FCC is widely expected to pass new rules Thursday that classify the Internet as a public utility, and there's a clear list of winners and losers. Full Article
on Ericsson wants to block iPhone sales in the US By www.cnbc.com Published On :: Fri, 27 Feb 2015 16:40:33 GMT Apple faces more infringement lawsuits, this time with patent holder Ericsson, which seeks damages and an injunction to block iPhone and iPad sales. Full Article
on Billions at stake on Apple-Google search deal By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT CNBC's Dominic Chu and PCMag.com Editor-in-Chief Dan Costa talk about the possible impact on Google if its search deal with Apple ends. Full Article
on Amazon launches new Exclusives store By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT CNBC's Dominic Chu and Tom's Guide Associate Editor Michael Andronico discuss Amazon's new Exclusives store and its motivation for investing in brands funded by Kickstarter campaigns. Full Article
on Apple expectations as it joins the Dow By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT CNBC's Morgan Brennan and RBC Capital Markets Analyst Amit Daryanani talk about expectations from Apple now that it's a member of the Dow. Full Article
on 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
on Amazon Dash's influence By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT CNBC's Morgan Brennan and Manhattan Venture Partners Chief Economist Max Wolff discuss how Amazon's new Dash button could impact consumers and brands. Full Article
on 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
on A point-of-sale system like Square on steroids By www.cnbc.com Published On :: Sat, 10 Mar 2018 01:38:12 GMT A New York City cowboy boot store may sell classic styles, but it's been improving its sales by using technology and analytics on the Bindo POS iPad app. Full Article
on 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
on 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
on WTI went negative on issues with demand, not high supply, CIO says By www.cnbc.com Published On :: Mon, 27 Apr 2020 07:25:34 GMT Fadi Arbid, CIO at Amwal Capital Partners, said he believes oil output cuts will go a long way in addressing oil volatility but the major issue plaguing prices is the coronavirus hit on demand. Full Article
on 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
on 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
on 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
on 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
on 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