Day: November 19, 2024
Stock futures are little changed as Wall Street braces for Nvidia’s quarterly results: Live updates
Traders work on the New York Stock Exchange (NYSE) floor on November 12, 2024 in New York City. Spencer Platt | Getty Images Stock futures hovered near the flatline on Tuesday evening, as investors looked toward a key earnings report from tech giant Nvidia. Futures tied to the Dow Jones Industrial Average ticked up by […]
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Comcast will announce the spinoff of cable networks Wednesday, CNBC source says
The Comcast NBC logo is shown on a building in Los Angeles, California, June 13, 2018. Mike Blake | Reuters Comcast is moving forward the spinoff of its cable network channels, a source familiar with the matter told CNBC’s Julia Boorstin on Tuesday. The separation is expected to take about a year, and an announcement […]
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Burberry shares are down 40%. One hedge fund manager says the stock offers ‘good value’ right now
Luxury retailer Burberry ‘s shares present an attractive investment opportunity after the company revealed a new turnaround strategy, according to hedge fund manager David Neuhauser. The London-listed fashion house told investors earlier this month that it will refocus on heritage designs and statement pieces as part of sweeping revamp plans to revive its ailing fortunes. […]
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Visa and Mastercard execs grilled by senators on ‘duopoly,’ high swipe fees
The Senate Judiciary Committee convened on Tuesday for a hearing on the alleged Visa–Mastercard “duopoly,” which committee members from both sides of the aisle say has left retailers and other small businesses with no ability to negotiate interchange fees on credit card transactions. “This is an odd grouping. The most conservative and the most liberal […]
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Stocks making the biggest moves after hours: Keysight Technologies, La-Z-Boy, Dolby Laboratories and more
Check out the companies making headlines in extended trading: Keysight Technologies — Shares added more than 8%. The electronics test and measurement equipment company’s fiscal fourth-quarter results beat analysts’ estimates on the top and bottom lines. Keysight also issued a rosy outlook for the current quarter, anticipating adjusted earnings ranging from $1.65 to $1.71 per […]
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SpaceX launches Starship’s fourth flight of the year, splashes down booster instead of catching it
SpaceX launched the sixth test flight of its Starship rocket on Tuesday, as the company looks to keep up momentum of the mammoth vehicle’s development. The rocket took off from SpaceX’s private “Starbase” facility near Brownsville, Texas. There are not any people on board the Starship flight. Starship reached space and will travel halfway around […]
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Qualcomm says it expects $4 billion in PC chip sales by 2029, as company gets traction beyond smartphones
Qualcomm CEO Cristiano Amon speaks at the Computex forum in Taipei, Taiwan, June 3, 2024. Ann Wang | Reuters Qualcomm said on Tuesday that it expects its so-called internet of things business to more than quadruple in sales by 2029 to around $22 billion. Of that amount, roughly $4 billion will come from PC chips, […]
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Trump picks Dr. Oz to lead massive Medicare, Medicaid agency CMS
Pennsylvania Republican U.S. Senate candidate Dr. Mehmet Oz poses for a portrait outside of a poling location during the primary election in Rockledge, Pennsylvania, U.S. May 17, 2022. Hannah Beier | Reuters President-elect Donald Trump on Tuesday said he would nominate Dr. Mehmet Oz, the celebrity TV host physician, to lead the Centers for Medicare […]
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Mike Tyson, Jake Paul fight was the most-streamed sporting event ever, Netflix says
Mike Tyson (black gloves) fights Jake Paul (silver gloves) at AT&T Stadium in Arlington, Texas, on Nov. 15, 2024. Kevin Jairaj | Usa Today Sports Via Reuters Con Friday’s highly anticipated boxing match between former heavyweight champion Mike Tyson and YouTuber-turned-boxer Jake Paul will be remembered for more than its unique card. The bout shown […]
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Healthy Returns: Eli Lilly’s cholesterol pill impresses in mid-stage trial
A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions. A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024. Scott Olson | Getty Images Analysts say […]
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