In this article CMCSA Brian Roberts, Chairman and CEO of Comcast David A. Grogan | CNBC Comcast reported third-quarter earnings results before the bell that beat analyst expectations on the top and bottom line. The company saw slight growth in new broadband internet customers amid warnings from company executives. Shares are up about more than
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In this article MSFT AAPL GILD Starbucks coffee shop logo seen at one of their stores. Stephen Zenner | LightRocket | Getty Images Check out the companies making headlines in midday trading. U.S. Steel — Shares of U.S. Steel gained more than 15% as the company’s quarterly results beat top and bottom line estimates. U.S.
Photo by Mike Kline (notkalvin) | Moment | Getty Images Proposed legislation unveiled Thursday as part of Democrats’ $1.75 trillion social and climate spending plan would close a tax loophole for cryptocurrency investors. The Build Back Better Act would subject crypto transactions to “wash sale” rules, an anti-abuse measure that currently applies to stocks, bonds
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In this article RCL Royal Caribbean CEO Richard Fain told CNBC on Friday that his company hasn’t suffered much from U.S. staffing challenges because the cruise line leans on a global talent pool. In an interview on “The Exchange,” Fain said jobs at Royal Caribbean are “so desirable” to overseas workers that recruitment is easy,
In this article SBUX Starbucks shift supervisor Adan Miranda wears a face mask as he serves a drink to a customer while standing behind a plexiglass shield in a booth outside the store in Sacramento, Calif., Thursday, May 21, 2020. Rich Pedroncelli | AP Starbucks is expected to report its fiscal fourth-quarter earnings after the
In this article GS Rafael Henrique | SOPA Images | LightRocket | Getty Images Goldman Sachs has begun giving its institutional trading clients research reports from crypto news and data firm The Block. Hedge funds and other clients began receiving the reports on Thursday via the investment bank’s Marquee digital platform, according to an email
In this article GME A person walks past a GameStop in the Manhattan borough of New York City, New York, U.S., January 29, 2021. Carlo Allegri | Reuters One of the GameStop‘s newly hired top executives stepped down this week as the video game retailer continues its digital transition. Chief operating officer Jenna Owens has
Rep. Tom Suozzi, D-N.Y., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol on April 15, 2021. Sarah Silbiger | Bloomberg | Getty Images President Joe Biden released a framework for his $1.75 trillion spending package Thursday. And while it didn’t propose changes to the $10,000 cap
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“Say Yes to the Dress America.” Photo by Dennine Dyer “I felt like I was on top of the world. Like, I’m working on these amazing projects, with all these celebrities — and then everything stopped,” says Dyer. “And now I’m by myself, I’m not able to see my family, I’m not able to see
In this article CVX Oil well pump jacks operated by Chevron Corp. in San Ardo, California, U.S., on Tuesday, April 27, 2021. David Paul Morris | Bloomberg | Getty Images Chevron said Friday that it generated the highest free cash flow on record during the third quarter as surging commodities prices and lower operational costs
In this article XOM A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. Sergio Moraes | Reuters Exxon said Friday that its third-quarter profit was the highest in years as improving demand, higher commodity prices and streamlined operations
US Treasury Secretary Janet Yellen speaks during a meeting with business leaders and CEOs on the need to address the debt limit, on October 6, 2021, in the South Auditorium of the White House in Washington, DC. Nicholas Kamm | AFP | Getty Images Treasury Secretary Janet Yellen told CNBC on Friday the $1.75 trillion
In this article AAPL Halfway through third-quarter earnings season, and there are two key catalysts: Demand is strong. Cost inflation and supply-chain issues are the main headwind, but companies are learning to navigate through them. In some cases, supply chain disruption has taken a serious toll. Apple CEO Tim Cook said supply chain issues had cost
Francesco Carta fotografo | Moment | Getty Images With inflation picking up faster than it has in more than three decades, investors are grappling with how to respond to the risk. Rising prices mean that a portfolio’s returns don’t mean as much, a reality that can hit retirees especially hard since they depend on their
Overconfidence is bad, and women are less likely to fall victim to it. Merrill was a guy, and so was Lynch. Goldman? A dude, and Sachs as well. Charles Schwab is a man, and so was E.F. Hutton. Gordan Gekko was an alpha male. And Jordan Belfort, the Wolf of Wall Street? Total bro. Heroes
Tourist sitting on a swing at a beach in Thailand. © Marco Bottigelli | Moment | Getty Images Come Monday, Thailand will be lifting quarantine restrictions for travelers from more than 40 countries — even though less than half its population has been fully vaccinated against Covid-19. As of Oct. 27, only about 42% of
In this article AAPL Apple revenue fell short of Wall Street expectations in its fiscal fourth quarter on Thursday, which Apple CEO Tim Cook attributed to larger-than-expected supply constraints on iPhones, iPads, and Macs. Apple fell over 4% in extended trading. “We had a very strong performance despite larger than expected supply constraints, which we estimate to
Employees pack crates with merchandise for orders at a Cainiao warehouse, the logistics subsidiary of Alibaba Group Holding, ahead of the company’s annual Singles’ Day shopping extravaganza in Wuxi, Jiangsu province, China, on Nov. 9, 2020. Qilai Shen | Bloomberg | Getty Images BEIJING — Alibaba is investing further in Europe for Singles Day this