The pan-European Stoxx 600 was down 0.4 percent in early deals with banks and basic resources showing the steepest falls. This came as the euro dropped sharply against the dollar, following reports that the European Central Bank (ECB) is concerned over the impact of a weak Turkish lira on European banks. The Financial Times said
Arch Coal, Inc.: “Coal is enjoying a bit of a renaissance, I have to admit. I am not a fan of the coal stocks, but these guys have fixed their balance sheet. I just don’t want to overstate because even utilities in this country aren’t that interested in it, so I say don’t buy.” Visteon
Stocks resumed their climb higher in the month of July – the S&P 500 gained 3.6 percent in the month and the Dow Jones Industrial Average tacked on 4.7 percent. Through the end of July, the Consumer Discretionary and Tech sectors led the S&P higher, each logging gains of over 12 percent. And history says
Carsten Snejbjerg/Bloomberg via Getty Images Anders Colding Friis, chief executive officer of Pandora AS, poses for a photograph in his office at the company’s headquarters in Copenhagen, Denmark, on Monday, July 9, 2018. Pandora designs, manufactures, markets, and distributes hand finished and modern jewelry made from primarily sterling silver, gold, and precious and semi-precious stones.
Check out the companies making headlines after the bell: Yelp‘s stock jumped more than 11 percent in the extended session after the company reported strong second-quarter results. The San Francisco-based company beat estimates for its top and bottom lines, reporting earnings of 12 cents per share and revenues of $235 million. Wall Street expected it
Computer manufacturer 3D Systems shares skyrocketed on Wednesday after the company reported better-than-expected earnings and revenue for the second quarter. Shares soared as much as 36 percent, putting the stock on track for its best day since Feb. 17, 2011. The company reported earnings after the bell Tuesday of 6 cents per share, crushing expectations
In a move to defend his company’s decision to not ban Alex Jones, Twitter Chief Executive Jack Dorsey explained that Jones did not violate any rules. “We didn’t suspend Alex Jones or Infowars yesterday,” Dorsey said in a Twitter post Tuesday. “We know that’s hard for many but the reason is simple: he hasn’t violated
Ritchie told analysts on the earnings call he believed the “significance of the decline” took place in July and said it was too early to share data from August. He reiterated that pizza sales were still being hurt by comments made by Schnatter during an earnings call last November in which he blamed the NFL
In a world awash in hassles, this seemed like a dream come true. A near-new Cadillac delivered to your home, office or wherever else you’d like. No insurance or maintenance to worry about. If there are issues, a “concierge” is an email or phone call away. Grow tired of the car? Just go to the
Mike Hewitt | Getty Images Sports | Getty Images A dejected David De Gea of Manchester United looks at the ball in his net as Leonardo Ulloa of Leicester City scores his team’s opening goal during the Barclays Premier League match between Leicester City and Manchester United at The King Power Stadium on September 21,
Expedia reported second-quarter earnings in July that beat analysts’ expectations and caused the stock to skyrocket. However, CNBC’s Jim Cramer explained that the outlook hasn’t always been so rosy for the digital travel company, which deals with everything from hotels to cruises to rental cars. Last August, the company lost CEO Dara Khosrowshahi to Uber
The sun appears to be setting on the Sundance Kid’s acting career. In a new interview published Monday, Robert Redford tells Entertainment Weekly retirement is on his mind, and that his new movie, “The Old Man & The Gun,” will likely be his last acting job. “Never say never, but I pretty well concluded that
Flint announced in June that the bank plans to spend an additional $15 billion to $17 billion on areas including “growth and technology” between 2018 and 2020. Doing so would grow the bank’s cost base by “low-to-mid-single digit percentages each year until the end of 2020,” Flint said. The Asia-focused bank also gave an update
Four years ago, Greg Lettieri and Adam Pasquale found their startup idea in the garage. The CEO and COO, respectively, of Recycle Track Systems (RTS) offers up environmentally focused waste removal and recycling by connecting its clients with independent haulers. Its major selling point, however, takes a page out of Uber’s driving manual, using technology
Zero Motorcycles, which opened up shop in 2006, is a niche electric brand . The privately-held, California-based company sells between 2,000 and 10,000 motorcycles a year, both domestically and internationally, and is growing fast, with a compounded annual growth rate of about 40 percent each year. Other electric motorcycle makers include KTM and Alta Motors.
NASA announced on Friday the assignments of the first nine astronauts riding commercial spacecraft to the International Space Station, naming five to the first two Boeing flights and four to SpaceX’s flights. The astronauts are a part of NASA’s Commercial Crew program, which is the agency’s solution to once again launch U.S. astronauts from U.S.
Food and Drug Administration Commissioner Scott Gottlieb supports this idea. As part of his sweeping plan to overhaul tobacco regulation, he wants to reduce the amount of nicotine in conventional cigarettes to minimally or non-addictive levels. In doing that, Gottlieb recognizes he needs to give people who are already hooked another less harmful option. However,
Email exchanges between CV Bean and their client, who requested anonymity, detail the customer’s surprise at being told by their trade adviser they had to pay the tariff, and how the company needed to file a request with European Union customs for a refund — a cumbersome process in itself. In a message given to
Warren Buffett‘s Berkshire Hathaway may pull the trigger on a rare stock buyback Saturday morning. Just over two weeks ago, Berkshire revealed its board had amended the company’s share repurchase program to give Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger authority to buy back shares any time they “believe that the repurchase
MoviePass’ parent Helios and Matheson Analytics lost 97 percent of its market value this week, falling as low as 5 cents per share Friday. The stock closed at 7 cents. It’s a penny stock, so it doesn’t take much to send shares on wild swings. Still, the plunge stands as Helios and Matheson’s worst week
Amazon said this week that it would not let third-party retailers sell products that feature Nazi and white nationalist symbolism on its platform, amid pressure from nonprofit groups and lawmakers. In a letter dated Tuesday to Representative Keith Ellison, a Democrat from Minnesota, Amazon said it had removed products that violated its policy against product
Christian Hartmann | Reuters The Swiss Re building in Zurich is shown in this Feb. 19, 2009 photo. Swiss Re reported weaker-than-expected net profit over the first six months of the year, with the world’s second-largest reinsurer citing accounting changes as the main drag on earnings. The company posted net profit of $1.0 billion during
American International Group reported second quarter profit that fell well short of expectations, sparking an after-hours sell off in its shares. As of 4:21 p.m., AIG shares had fallen 6 percent and were on track for their worst day since February 2017. The insurance giant reported adjusted earnings per share of $1.05 for the quarter
Brookstone announced its plans to file for Chapter 11 bankruptcy protection and hopes to find a buyer for certain parts of the chain, which is known for selling unique gifts and tech gadgets at its stores. The company said in a press release Thursday it’s already started the process of shuttering its remaining 101 mall
European markets are set for a negative open Thursday morning, while the Bank of England is expected to raise interest rates despite uncertainty over what Brexit could mean for the U.K. economy. The German DAX is expected to drop the furthest, seen 40 points lower at 12,706. Both the French and U.K. bourses are anticipated
Scott Olson | Getty Images Food is served at a Chipotle restaurant on in Chicago, Illinois. The number of potential customers that were affected by a food borne illness outbreak at a Chipotle Mexican Grill in Ohio may be much higher than initially believed. The Delaware General Health District said Wednesday that it had received
Alberto E. Rodriguez | Getty Images Elon Musk, co-founder and chief executive officer of Tesla Inc. David Einhorn’s hedge fund Greenlight Capital said the firm’s bet against Tesla shares “was our second biggest loser” in the most recent quarter. The billionaire also said in the Greenlight letter he was “happy that his Model S lease
European bourses are set to begin trade on Wednesday in negative territory. The German DAX is seen 22 points lower at 12,800. Meanwhile, the U.K. FTSE is anticipated to open 20 points lower at 7,742. The French CAC is expected to open 17 points below the flat line at 5,500. The anticipated lower open contrasts
A new Somerville startup wants to apply the strategy of direct-to-consumer brands like Warby Parker and Dollar Shave Club to an overlooked segment of consumers: Older adults struggling with incontinence. The new company, called Willow, is set to launch its website and online marketing campaign on Tuesday. Willow will sell packages of 60 pairs of
Photo by Matthew Whiteley, Courtesy of AllBright SCM Direct founder & Transparency Campaigner Gina Miller (L) and AllBright Co-founder Debbie Wosskow OBE (R) at the 2018 AllBright FoundHER Festival in London. Speaking at the AllBright’s FoundHER Festival in London earlier this month, Miller explained how she learned to listen to and trust her inner voice.