Business
‘Don’t fight the U.S. consumer’ — Bank of America CEO says spending is healthy despite roaring inflation
Bank of America CEO Brian Moynihan told CNBC’s Jim Cramer on Tuesday that Americans are spending heartily, even as inflation continues to roil the economy. “In the month of March ’22 versus March ’21, the consumer … spent about 13% more than they did last year,” Moynihan said Tuesday in an interview on “Mad Money.” […]
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Netflix estimates 100 million households are sharing passwords and suggests a global crackdown is coming
Reed Hastings, CEO of Netflix, attends a press conference in Mexico City, Mexico. Hector Vivas | Getty Images Today could be a dark day for your ex-boyfriend’s brother. Netflix, the world’s largest streaming video company, warned a global crackdown on password sharing is coming. It seems like a serious warning this time, and it could […]
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IBM first-quarter results beat estimates
IBM CEO Arvind Krishna Source: CNBC IBM shares rose 3% in extended trading on Tuesday after the technology services company issued first-quarter results that beat expectations. Here’s how the company did: Earnings: $1.40 per share, adjusted, vs. $1.38 per share as expected by analysts, according to Refinitiv. Revenue: $14.2 billion, vs. $13.85 billion as expected […]
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Netflix reports earnings after the bell — here’s what to expect
Netflix is expanding its push into mobile gaming. Sopa Images | Lightrocket | Getty Images Netflix is set to release its first-quarter earnings after the bell on Tuesday. The company’s shares have taken a big hit so far in 2022, falling more than 40% as it’s struggled to sustain subscriber growth while pandemic restrictions wane. […]
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Distressed sales and 9-figure discounts: Hard-to-sell mega-mansions find a last resort at real estate auction
An aerial view of the grounds of Villa Firenze in Beverly Hills, California. Concierge Auctions When high-priced mega mansions for sale languish on the market — sprawling, flashy and unable to attract a buyer — some owners turn to a double-edged option: a real estate auction. The auction block can move trophy properties with nosebleed-worthy […]
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Use this ‘golden toggle’ to determine when to buy in this choppy market, Leuthold says
One feature of a commonly referenced measure of investor sentiment historically triggers some of the market’s best buying opportunities. Source
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CEO of online grocer Boxed says if gas prices stay high, so will grocery bills
Online grocer Boxed CEO Chieh Huang said shoppers may have to get used to paying more to fill up the fridge and pantry — especially if gas prices stay elevated. Huang told CNBC’s “TechCheck” higher fuel prices are the main driver of steeper costs in the company’s e-commerce business. Boxed sells bulk groceries, which are […]
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Stocks making the biggest moves midday: Twitter, Johnson & Johnson, WeWork and more
Vials labelled “COVID-19 Coronavirus Vaccine” and syringe are seen in front of displayed Johnson & Johnson logo in this illustration taken, February 9, 2021. Dado Ruvic | Reuters Check out the companies making headlines in midday trading Tuesday. Johnson & Johnson — Shares of the pharmaceutical and consumer giant gained 3% after the company beat […]
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Dr. Oz has close ties to the wealthy du Pont family heirs, and they’re backing his GOP bid for Pennsylvania’s Senate seat
Veteran physician and Pennsylvania Senate candidate Dr. Mehmet Oz has little-known, but close ties to the heirs of the DuPont chemical fortune who are financially backing Oz’s Senate run, according to a review of campaign finance records. Oz, who amassed his own multimillion-dollar fortune as the host of “The Dr. Oz Show,” is related to […]
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Natural gas drops 10%, pulls back from more than 13-year high
U.S. natural gas futures plunged more than 10% Tuesday, reversing Monday’s surge which saw the contract rally more than 10% at one point to break above $8 per million British thermal units and hit the highest level since September 2008. Henry Hub prices declined 10.2% Tuesday to trade at $7.02. The May contract is now […]
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