We aren’t very interested in waiting around for management to show us that they can turn things around. So we’re downgrading the stock to a 3 rating.
Source
Walmart’s lousy quarter has us looking to exit our position in the retailer
Business
How Iconiq, the wealth firm backed by Mark Zuckerberg, brings ultra-rich philanthropists together
Meta CEO Mark Zuckerberg and Square CEO Jack Dorsey. Manuel Orbegozo | Handout | Reuters A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Even as tax changes may reduce giving by […]
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Business
Patrick Mahomes is investing in his love for coffee — and isn’t thrilled about an 18-game season
Kansas City Chiefs quarterback Patrick Mahomes has added “coffee entrepreneur” to his already packed resume. The three-time Super Bowl champion has invested in Throne Sport Coffee, adding to the 29-year-old superstar’s portfolio off the field. As his Chiefs and the rest of the NFL gear up for the upcoming season, Mahomes spoke to CNBC about […]
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Business
Business class+? Delta says segmentation is coming to high-end cabins
Nurphoto | Nurphoto | Getty Images Delta Air Lines is studying new types of airplane tickets — this time in the premium cabins at the front of the plane. Airlines spent years slicing up their coach cabins, from extra legroom seats to bare-bones basic economy fares that don’t allow changes or include a seat assignment. […]
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