Tag Archives: Business News

The bull market’s favorite trade is dead: Every ‘FAANG’ stock is now in a bear market

Each of the five 'FAANG' stocks slipped into a bear market during Monday trading.

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Kroger names Cincinnati the first US city to open an Ocado automated warehouse

Grocery giant Kroger announced Monday that Monroe, Ohio, a suburb outside of Cincinnati will be the home of its first Ocado customer fulfillment center.

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Ghosn’s abrupt fall leaves leadership void in auto industry still reeling from Marchionne’s death

Both Carlos Ghosn of Renault-Nissan-Mitsubishi and Sergio Marchionne are widely viewed as giants of the automotive industry, who made bold decisions and occasionally courted controversy.

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Michelle Obama’s memoir is Barnes & Noble’s fastest-selling book of 2018, beating Woodward’s ‘Fear’

Barnes & Noble also said that "Becoming" had the best first-week sales of any adult book since 2015's "Go Set a Watchman," the highly anticipated second novel from "To Kill A Mockingbird" author Harper Lee.

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GE can improve valuation by 2020, UBS says: ‘It won’t be quick, and it is likely to be volatile’

UBS says General Electric will be able to reduce its debt "to far more acceptable levels by 2020"

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Mitsubishi will propose removing Ghosn from board

The dominoes are starting to fall for the embattled chairman and CEO of the Renault-Nissan-Mitsubishi Alliance. 

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Arconic buyout deal could be announced by mid-December, sources say

The aluminum products maker has been mulling offers and sources tell CNBC a deal is likely 

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Nvidia continues to fall as much as 8 percent after revenue and guidance miss

Chip-maker Nvidia continued to slide Monday as the tech sector extended its decline from last week. The drop for Nvidia follows a 19 percent dip on Friday after it delivered its third-quarter 2019 earnings report. 

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UK’s richest man looks to increase stake in North Sea oil

Jim Ratcliffe, CEO of Ineos and the U.K.'s wealthiest man, could soon expand his stake in North Sea oil.

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Mark Zuckerberg reportedly blamed Sheryl Sandberg as Facebook faced numerous scandals

In April, Sandberg told Bloomberg she felt "deeply personally responsible, because a lot of mistakes were made." 

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Tech won’t redeem itself in 2019, Salesforce CEO Marc Benioff says

Salesforce CEO Marc Benioff said his Silicon Valley peers are responsible for the problems their companies create during an MSNBC special called "Revolution."

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David’s Bridal files for bankruptcy protection

Wedding dress retailer David's Bridal on Monday filed for Chapter 11 bankruptcy protection and said it plans to reduce debt by more than $400 million. 

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Men will be the big spenders this holiday season

Roughly 30 percent of men said they plan to spend more than $750 this holiday season, while only about 25 percent of women said the same, according to a new study by JLL.

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Read the full statement from Nissan regarding allegations against Chairman Carlos Ghosn

Here is the full statement from Nissan regarding allegations against Chairman Carlos Ghosn and Representative Director Greg Kelly.

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Locked in: CNBC investigates online subscription models

From Miami to Los Angeles, local laws vary, but quality-of-life issues caused by illegal short-term rentals are similar.

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Tim Cook explains why Apple accepts billions from Google despite privacy concerns

Tim Cook says Apple accepts payments from Google because it's the best search engine, but Apple has built in safeguards to protect users's privacy.

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Here’s what Cisco’s CEO told employees about mental illness after 2 celebrity suicides

Cisco CEO Chuck Robbins has been speaking out to employees about the importance of mental health. He sent a company-wide email in June after the suicides of Kate Spade and Anthony Bourdain and another in October during Mental Illness Awareness Week.

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Hit hard by trade war, automakers hoping Trump will hold off on new round of tariffs

The auto industry fears that new tariffs, on top of those already enacted on Chinese-made vehicles and imported aluminum and steel, could have a major negative impact on the American new car market.

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Google could buy more than $110 million of land for mega-campus 15 miles south of its HQ

The city of San Jose just released details on its negotiation with Google to buy a swathes of land to build a mega-campus just 15 miles south of its headquarters. 

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Google’s new cloud chief has a culture clash ahead of him after 22 years at Oracle

Thomas Kurian, who was named the new head of Google's cloud on Friday, is facing an instant culture clash when he starts at the internet company. Google and Oracle, where he spent 22 years, are embroiled in a bitter legal dispute. 

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Coca-Cola CEO on coffee strategy: We’re not going head to head with Starbucks

Jim Cramer sits down with Coca-Cola President and CEO James Quincey for a wide-ranging interview about his company's global strategy.

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ABC Entertainment president steps down

Channing Dungey, the president of ABC Entertainment, has resigned. 

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Airlines cancel thousands of flights after winter storm Avery surprises East Coast

Airlines cancelled over 1,900 flights around the country after winter storm Avery hit the Northeast stronger than expected with up to a foot of snow on Thursday.

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American CEOs don’t see US economic slowdown yet, says head of executive group

Global CEOs are seeing a bit of a slowdown outside the United States, but that's not what U.S. chief executives are saying about the nation's economy, according to Steve Odland, president and CEO of The Conference Board.

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What will cause the next recession? Gary Shilling explains why it could be the Fed

Gary Shilling has made a career out of predicting bubbles. So what are the big risks he sees out in the global economy now?

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Cancer drug company Tesaro shares rise 39% following report that it will explore sale

Tesaro shares soared 39 percent Friday upon a Bloomberg report that the pharmaceutical company will explore the opportunity of a sale.

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Senators question Facebook on a report it hired a PR firm to retaliate against critics

The New York Times reported earlier this week that Facebook hired Definers Public Affairs to downplay public statements and deflect public scrutiny onto rival tech companies.

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Here’s how gamers make money

Esports competitions and livestreaming have turned full-time gaming into a lucrative career path.

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Why JP Morgan’s top internet analyst expects breakout growth for Facebook and Amazon shares in 2019

Technology stocks were hurt by a "challenging earnings season" last month but that's created a window of opportunity, J. P. Morgan internet analyst Doug Anmuth tells CNBC.

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