Columbia Sportswear‘s strong fourth-quarter profitability was helped by consumers starting their holiday shopping earlier than years past, CEO Tim Boyle told CNBC’s Jim Cramer on Friday. Shares of the outdoor-focused apparel maker jumped 5% Friday, after the company a day earlier reported a 64% year-over-year jump in net income in Q4 and issued robust full-year guidance. “In
Business
In this article CZR Jim McIngvale, better known as “Mattress Mack,” said he drove 100 miles from Houston to cross the border into Louisiana on Thursday to make what’s believed to be the largest mobile sports wager in U.S. history. The furniture store mogul bet $4.53 million on the Cincinnati Bengals to win Super Bowl
A Gopuff location on the Lower East Side of Manhattan across from Stop 1 Deli. Jan. 12, 2022. Hannah Miao | CNBC Grocery delivery start-up Gopuff last fall moved into the ground-floor retail space of a new luxury apartment building on the Lower East Side of Manhattan, across the street from a bodega. “I didn’t
Qualcomm CEO Cristiano Amon told CNBC’s Jim Cramer on Thursday that the chipmaker views the so-called metaverse as much more than just the next frontier for social media. “The metaverse is going to develop as a number of different opportunities,” Amon said in an interview on “Mad Money,” appearing one day after the company’s posted
In this article F Ford Motor Co. signage at the Washington Auto Show in Washington, D.C., Jan. 21, 2022. Al Drago | Bloomberg | Getty Images DETROIT — Ford Motor‘s shares slid after it reported fourth-quarter earnings Thursday that significantly missed Wall Street’s earnings expectations and slightly missed on revenue. The company’s shares tumbled by
In this article ULTA Ulta Beauty has doubled the number of Black-owned brands that it carries. Ulta Beauty Ulta Beauty CEO Dave Kimbell said it is not enough for stores to put Black-owned brands on shelves. Instead, he said, the retailer wants to make sure those brands gain a fan following and ultimately, have staying
Waste Management CEO and President Jim Fish on Wednesday expressed confidence in the company’s 2022 prospects, despite the continued presence of inflationary pressures. “Our guidance that we just gave for 2022 is pretty darned robust,” Fish said in an interview on “Mad Money,” referring to projected organic revenue growth of 6% and adjusted operating EBITDA
In this article GM DETROIT – General Motors‘ fourth-quarter earnings beat Wall Street’s expectations and its 2022 guidance pleased analysts, after CEO Mary Barra assured analysts the company would earn near-record profits this year even while it spends billions on electric and autonomous vehicles. “We can and we will keep up our aggressive pace backed
SpaceX SpaceX has quietly rolled out a new, more powerful “premium” tier of its Starlink satellite internet service that’s targeted at businesses and enterprise customers. The new product, which was added to the company’s website Tuesday night, comes at five times the cost of the consumer-focused standard service: Starlink Premium requires a $500 fully refundable
Rescuers evacuate stranded people in the waterlogged urban area of Weihui City in Xinxiang, central China’s Henan Province, July 27, 2021. Li An | Xinhua News Agency | Getty Images The flooding in the central Chinese province of Henan last year not only exacted a heavy human toll, it was also the costliest in Asia-Pacific
In this article SBUX The Starbucks logo is displayed on a cup at a Starbucks store on October 29, 2021 in Marin City, California. Justin Sullivan | Getty Images Starbucks on Tuesday reported quarterly earnings that missed analysts’ expectations as higher costs weighed on its profits. Here’s what the company reported for the quarter ended
Dover Corp.: “I liked the quarter. We’re looking for companies that make things and do stuff, but it does have some of these industrial problems that others have. I’m going to say you can hold onto it.” Perficient: “This is one of those companies that sells at 60 times earnings, and we have been saying
Silvergate Capital CEO Alan Lane told CNBC on Monday the bank holding company hopes to launch a stablecoin by the end of this year, following its acquisitions of assets and intellectual property from Mark Zuckerberg’s beleaguered cryptocurrency project. The California-based financial firm, which through its subsidiary Silvergate Bank operates the crypto-focused payments platform Silvergate Exchange
Ex-pharmaceutical executive Martin Shkreli arrives at the U.S. District Court for the Eastern District of New York in June, 2017. Getty Images Companies founded by notorious “Pharma Bro” Martin Shkreli have agreed to pay up to $28 million to settle a class-action lawsuit related to claims they illegally thwarted competition to the prescription medication Daraprim
In this article .FKRX300 TSLA GM Electric vehicles provide a path to better air quality, reduced fuel costs and comprise a growing new category for automakers. But with the transition to electric transportation comes a new challenge: Vehicles with lithium ion batteries can be especially dangerous when they catch fire. The good news is battery
In this article MGM A Ladbrokes betting shop, operated by Entain Plc, in London, U.K., on Wednesday, Sept. 22, 2021. Chris J. Ratcliffe | Bloomberg | Getty Images In a crowded gambling landscape, technology increasingly gives operators an edge. Global sports betting and gaming company Entain said Monday it is launching Ennovate, an innovation lab
In this photo illustration a TikTok logo seen displayed on a smartphone with stock market percentages in the background. SOPA Images | LightRocket | Getty Images When TikTok creator Boman Martinez-Reid first got an email from Creative Artists Agency he ignored it. As an Ontario native, he saw the acronym CAA and assumed it was
Vax, Scanland, Percival, Vex, Grog, Pyke and Keyleth in “The Legend of Vox Machina,” a new animated series based on “Critical Role.” Amazon Studios Within the first minute of Critical Role’s new animated series “The Legend of Vox Machina” a boulder smashes an adventurer to a bloody pulp, a spellcaster is sliced into several pieces,
Prosecutors said that officers obtained a ledger documenting profits in excess of $1.5 million from the alleged illegal activity. Office of the District Attorney County of Suffolk Two nurses on New York’s Long Island are being charged with forging Covid-19 vaccination cards and entering the fake jabs in the state’s database, a scam that allegedly
Tampa Bay Buccaneers quarterback Tom Brady (12) celebrates with the Vince Lombardi Trophy after beating the Kansas City Chiefs in Super Bowl LV at Raymond James Stadium. Mark J. Rebilas | USA TODAY Sports | Reuters Legendary quarterback Tom Brady is retiring from the sport after 22 seasons, ESPN reported Saturday. Brady, a seven-time Super