Month: April 2019

Barry Sternlicht Cameron Costa | CNBC Questions raised by progressives in the 2020 presidential race about whether capitalism still works for America reflect mistaken beliefs about how prosperity is created, global investor Barry Sternlicht told CNBC on Tuesday. “The left does not understand that companies need to make money in order to invest in new
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Technology investor Paul Meeks is putting the brakes on his bullish forecast. Meeks sees investors getting burned by tech stocks, saying the rally has gone too far, too fast. “My issue is not fundamentals,” he said Monday on CNBC’s “Trading Nation ” segment. “It’s more about stretched valuations.” The tech-heavy Nasdaq has surged more than
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President Donald Trump gestures as he addresses the 148th National Rifle Association (NRA) annual meeting in Indianapolis, Indiana, April 26, 2019. Lucas Jackson | Reuters U.S. President Donald Trump, three of his children and the Trump Organization sued Deutsche Bank and Capital One, in a bid to block the two from responding to congressional subpoenas,
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Restaurant Brand International restaurants’ Tim Hortons and Popeyes. Randy Risling | Toronto Star | Getty Images Restaurant Brands International on Monday reported quarterly earnings that fell short of analysts’ expectations. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: 55 cents,
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Daniel Ek, chief executive officer and co-founder of Spotify AB. Akio Kon | Bloomberg | Getty Images Spotify Technology reported a better-than-expected rise in first-quarter revenue on Monday as the music streaming company hit 100 million paid subscribers for its premium service, sending its shares up nearly 5%. The global leader in the sector, with
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Check out the companies making headlines before the bell: Restaurant Brands International — Restaurant Brands reported weaker-than-expected quarterly earnings as sales in its Tim Horton’s business unexpectedly fell. The company posted a profit of 55 cents per share. Analysts polled by Refinitiv expected earnings of 58 cents per share. Tim Horton’s sales fell 0.6% in
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Singapore’s DBS is Southeast Asia’s largest bank. Edgar Su | Reuters DBS Group Holdings, Southeast Asia’s largest bank, beat expectations to post record quarterly profits on better lending margins. The bank said on Monday that net profit for the first quarter increased by 9% year-on-year to a record 1.65 billion Singapore dollars ($1.21 billion). Refinitiv,
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Ford delivered stronger-than-expected first-quarter earnings as demand for its popular pickups and SUVs in North America helped boost losses in China and South America. Ford’s stock jumped by more than 8% in extended trading Thursday. Here’s how the company did compared with what Wall Street expected, based on average estimates compiled by Refinitiv: Adjusted earnings
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Against a backdrop of plentiful jobs and an early-year surge in the stock market, Americans’ financial happiness has hit a new high. The American Institute of CPA’s quarterly Personal Financial Satisfaction Index, released Thursday, is up 11% from the previous reading and 27% higher than a year ago. “People are feeling more comfortable with their
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British drugmaker AstraZeneca on Friday reported first-quarter product sales and earnings ahead of analysts’ expectations, benefiting from its aggressive push into cancer drugs and a focus on emerging markets, including China. The company had in February reported annual sales growth for the first time since 2009, turning around its business after a series of patent
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Karen Gillan in “Avengers: Endgame” Source: Null Only days ago, it seemed impossible that “Avengers: Endgame” could haul in even close to $300 million domestically during its opening weekend. Now, it seems inevitable. By Saturday, analysts had revised their estimates to suggest the film could track closer to $400 million in its debut. The film,
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