Burger King is testing a vegetarian version of its Whopper that uses an Impossible Burger for its patties, becoming the first national fast food chain to sell the plant-based burger. The Restaurant Brands International subsidiary is offering the Impossible Whopper at 59 of its St. Louis locations. The burger chain already sells veggie patties made
Chinese Premier Li Keqiang called on New Zealand on Monday to ensure a fair investment environment, as he meet Prime Minister Jacinda Ardern whose country has rejected a bid by Chinese telecom giant Huawei to build a 5G mobile network. Ardern, on a one-day visit to China, said before meeting Li that she hoped to
Check out the companies making headlines midday Friday: Celgene — Shares of Celgene rose 6.58 percent after proxy advisors Institutional Shareholder Services and Glass Lewis recommended that Bristol-Myers Squibb shareholders vote in favor of its bid to buy Celgene. The recommendations come weeks before shareholders vote on the $74 billion buyout of the biotechnology company.
Kellogg is nearing a deal to sell its Keebler, Famous Amos and fruit snacks businesses to Nutella-owner Ferrero for between $1 billion and $1.5 billion, people familiar with the situation tell CNBC. An announcement could come as soon as Monday, the people said, requesting anonymity because the information is confidential. The deal is the latest
When it comes to money, as with many things, men and women approach the topic differently. Though traditional gender roles are changing, many opposite-sex couples still adhere to them, with men generally taking the lead on finances and women taking a less active role. That’s according to a recent study from UBS Global Wealth Management,
This quarter is one for the Wall Street history books — stocks are on track to post their best quarter since 2009 and best start to a year in more than two decades. However, investors shrugged it off. While the S&P is up nearly 13 percent so far this year, on pace for its best
Lyft’s $87 opening price is a “win for the system,” even though it may have been a loss for investors that were overeager, CNBC’s Jim Cramer said Friday. “I cannot stress this enough: we’re at the start of an IPO season that looks on track to bring a trillion dollars’ worth of companies public,” the
Betting on Wells Fargo might not be a safe bet, according to one strategist. The stock caught Wall Street’s attention Thursday following the company’s announcement that CEO Tim Sloan was retiring effective immediately. Shares initially surged on the news in after-hours trading before reversing and shedding over 1.5 percent in Friday’s session. But even these
The terms “wealth management” and “viral sensation” are rarely used in the same sentence. Andy Rachleff, co-founder of the robo-advisor Wealthfront, is betting his retirement years he can change that. After a career spent investing in Silicon Valley start-ups, Rachleff is looking to take robo-advising the way of household tech names like Netflix. He and
WeWork, the company whose co-working spaces are populating many of the world’s biggest cities, said that revenue last year more than doubled, though its losses are growing just as fast. In a presentation sent to CNBC on Monday, WeWork said revenue in 2018 climbed to $1.8 billion from $886 million a year earlier. Members, or
Pinterest Co-founder Evan Sharp was added to the company’s board of directors this month, according to a company filing on Friday. The addition comes in an update to Pinterest’s IPO paperwork with the SEC, exactly one week after the company’s first public filing. It means the company now has two insiders on its board —
While Lyft was preparing to go public this week in an IPO valuing the rideshare company above $20 billion, Facebook was preparing for something else: a lawsuit from the federal government over discriminatory housing ads. That probably wasn’t in the minds of investors back in 2012 when the social network was the Silicon Valley start-up
Things are looking uncertain for filers hoping to get a break on their 2018 federal taxes by contributing to state-run charitable funds. The Tax Cuts and Jobs Act, which went into effect last year, limited to $10,000 the state and local tax (SALT) deduction filers can claim on their federal returns. And only taxpayers who
Brazilian stocks are off to a solid start in 2019, but whether they can continue to climb depends on one major policy shift: reforming Brazil’s overcrowded public pension system. Brazil’s benchmark stock index — the Bovespa — reached an all-time high earlier this month and is up 8.6 percent for the year. The most widely
Lululemon beat on the top and bottom line for its fourth-quarter earnings released Wednesday. Here’s what the retailer reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $1.85 per share, vs. $1.74 per share Revenue: $1.167 billion, vs. $1.151 billion Same store sales: increased 17
Tucked away in President Donald Trump’s 2017 tax cut was a little discussed provision that allows investors to potentially save big on capital gains. By investing in underserved rural and urban communities called “opportunity zones,” investors can defer or even avoid capital gains taxes on asset sales. These risk zones represent a potential windfall for
Tim Sloan’s decision to step down as chief of Wells Fargo hinged in part on a looming congressional committee meeting on banks next month, CNBC’s Jim Cramer said Friday. The top brass of the big banks will be in Washington, D.C., on April 10 for the House Committee on Financial Services hearing on banks. The
Stocks head into the second quarter propelled by the best quarter in nearly a decade as the long tepid IPO market starts to simmer again. But the markets also face a reality check in the week ahead with some key data that could help clarify whether the economy is losing steam or just stumbling through
Shares RH, the company formerly known as Restoration Hardware, plunged nearly 19 percent Friday morning after it cut its 2019 forecast, suggesting that the company’s new strategy will take longer to pay off than originally expected. Late Thursday, RH posted its fiscal fourth-quarter results, which were mixed as revenue fell short of expectations. The high-end
CNBC’s Jim Cramer reminded investors not to step into a battleground stock, a situation where passionate bears are in a standoff with passionate bulls and there’s no where to go. “When you get a situation like Monster where a stock keeps getting mauled by the bears, but a couple of heroic analysts remain bullish, that’s
These days, it seems some parents are willing to do whatever it takes to get their kids into what they think is the “right” college. While cheating and bribing, which are core allegations in the recent Operation Varsity Blues college admissions scandal, is a clear no-no, other parental “help” — such as editing, writing or
You don’t need a million dollars to live a luxurious retirement — so long as you’re willing to leave the United States behind. “Most people assume that a high-flying existence like that is the purview of the rich and famous alone,” said Jennifer Stevens, the executive editor of International Living. They’re wrong, Stevens said. The
The first quarter has been a banner period for Wall Street. The S&P 500 is up more than 12 percent this quarter and is on pace to notch its best start to a year since 1998. The broad index is also set to post its biggest one-quarter gain since 2009. Accompanying the S&P 500 in
John Delaney understands investing. Before entering politics, he made a fortune by founding finance companies that raised $20 billion in capital for businesses. Which lends extra credibility to one proposal in Delaney’s long-shot 2020 presidential campaign. He wants to raise the 20 percent top tax rate on long-term capital gains, saying investors no longer need
The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Knight-Swift Transportation Phil Camporeale was a buyer of the S&P 500 ETF Dan Nathan was a seller of Micron Guy Adami was a buyer of Dollar General Trader disclosure: On March 28, 2019 the following stocks and
DowDuPont cut its forecast for first-quarter sales on Thursday, citing the impact of U.S. Midwest floods on its agri business as well as weakness in its packaging and specialty plastics division. Record floods have devastated a wide swath of the Farm Belt across Iowa, Nebraska, South Dakota and several other states, idling ethanol plants, slowing
Google removed an app that promoted so-called “conversion therapy” from its Play Store, following pressure from an LGBT rights lobby. The app was made by Texas-based Christian group Living Hope Ministries, which claims it helps gay people with “leaving” their sexuality. “After consulting with outside advocacy groups, reviewing our policies, and making sure we had
A single ticket sold in Wisconsin matched all six numbers in the Wednesday night Powerball drawing to win the third-largest jackpot in U.S. lottery history. Due to strong ticket sales, the jackpot climbed to an estimated $768.4 million at the time of the drawing with a cash option of $477 million. Powerball said the winning
As funding for coal- and gas-fired power generation continues to decline, investors long leery of so-called “clean tech” plays are taking a shine to renewable-energy start-ups and other carbon-reducing technologies. According to reports from the International Energy Agency, electricity investments are flowing toward renewables, networks and flexibility, while at the same time more than 100
The low expectations surrounding the new Goldman Sachs-linked credit card that Apple plans to roll out is good news for both stocks, CNBC’s Jim Cramer said Thursday. Apple’s new TV platform, which will be a key component of the tech giant’s fledgling services businesses, has made the most noise, but the credit card will be
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