Business
Stocks making the biggest moves midday: HCA Healthcare, Kimberly-Clark, Gap and more
Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Friday. American Express — Shares of the payment firm dipped 1.1% despite American Express topping earnings expectations for the first quarter. American Express reported a profit of $2.73 per share, versus […]
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Carlos Ghosn says he would face fair trial in France, suggests timing of arrest warrant ‘suspicious’
Carlos Ghosn, former Nissan chief executive officer, is in an ongoing legal battle amid allegations of financial misconduct. Bloomberg | Getty Images Carlos Ghosn has said he would receive a “fair trial” in France after being issued an arrest warrant in the latest of a string of charges brought against the disgraced former auto executive. […]
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Here’s what to do if you missed the April 18 tax filing deadline
Sergey Mironov | Moment | Getty Images If you missed the April 18 tax deadline, you may cut back on penalties by filing your return promptly, according to the IRS. While it’s too late to request an extension, you can still reduce monthly late fees. Failure to file costs 5% of unpaid taxes per month and late payments incur […]
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Major retailers boost Black female entrepreneurship as employment gap lingers
Ulta Beauty has doubled the number of Black-owned brands that it carries. Ulta Beauty Major beauty retailers are boosting small, minority-owned businesses as Black female entrepreneurship helps bridge an employment gap. As of last year, 17% of Black women in the U.S. were in the process of starting or running new businesses, according to the […]
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American Eagle is pitching a ‘frenemey network’ of vertical logistics to its retail peers — and it’s paying off
Shekar Natarajan is chief supply chain officer of American Eagle Outfitters. He joined the retailer in 2018. Source: Julie Stapen Photography American Eagle wants to be more like Amazon. Not to get in the business of selling everything from shoes to pet food to toilet paper. But to master a business function that became critical […]
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5 things to know before the stock market opens Friday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures mixed after Fed’s Powell knocked markets for a loop Pedestrians walk past the NASDAQ MarketSite in New York’s Times Square. Eric Thayer | Reuters U.S. stock futures were mixed Friday, one day following an afternoon market […]
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Stocks making the biggest moves premarket: American Express, Verizon, Kimberly-Clark and more
Check out the companies making headlines before the bell: American Express (AXP) – American Express rose 1.2% in the premarket after reporting better-than-expected profit and revenue for the first quarter. Amex reported a profit of $2.73 per share compared with the $2.44 consensus estimate, helped by increased spending by millennial and Gen-X consumers as well […]
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Jim Cramer says investors should avoid Carvana after the company’s disappointing quarter
CNBC’s Jim Cramer warned investors against buying stock of Carvana after the company reported worrisome quarterly results on Wednesday. “There is zero tolerance for unprofitable companies, and Carvana just made it clear it will take them a heck of a lot longer to reach profitability than we thought,” the “Mad Money” host said. “Given what […]
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Cramer’s lightning round: Don’t sell Marvell Technology
OptimizeRx Corp: “There’s not enough there at that company. … Can’t go there.” SoFi Technologies Inc: “Here’s the problem. This thing was built as a way to be able to help on student loans, and when you get rid of your major product … it’s very hard to recommend the stock.” Marvell Technology Inc: “That […]
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Old Navy CEO to exit as parent company Gap cuts sales guidance
An employee hands a customer a shopping bag at an Old Navy Inc. store in San Francisco. David Paul Morris | Bloomberg | Getty Images Gap Inc. announced Thursday that the CEO of its Old Navy division, Nancy Green, is leaving her post this week. Gap Chief Executive Sonia Syngal will work closely with the […]
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