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Monthly Archives: July 2019

Chipotle, Whirlpool, Alphabet and more

Wall Street is preparing for a big week of earnings that will offer a better read of the apparent economic slowdown, CNBC’s Jim Cramer said Friday. During Friday’s session, the Dow Jones Industrial Average slid nearly 69 points. The S&P 500 and Nasdaq Composite also slipped 0.62% and 0.74%, respectively, …

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Trump 2020 campaign selling 10 plastic straws for $15

The Trump campaign is selling plastic Trump straws for $15 a pack. BRENDAN SMIALOWSKI | AFP | Getty Images There was the Jeb Bush guacamole bowl. Then, the “Grillary Clinton ” kitchen apron. Now, there’s Trump Straws. President Donald Trump’s reelection campaign is selling 10-packs of branded plastic straws for $15. …

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FANG stocks have lost their characteristic mojo, but investors are sticking with them

FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC The mega-cap tech stocks that have led much of the record-long bull run have started to lose steam, but investors are still giving them the benefit of the doubt. The so-called FANG block of tech giants — Facebook, Amazon, Netflix …

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America’s Sports Car, the Corvette, almost didn’t survive the Great Recession

Vice President Joe Biden’s 1967 Corvette Singray CNBC Chevrolet’s official reveal of its eighth-generation Corvette in a splashy preview Thursday night near Los Angeles marks the culmination of a secret project that traces its roots back more than half a century. But that’s no surprise. Over the years, much of …

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IBM earnings prove company paid the right price for Red Hat

CNBC’s Jim Cramer on Thursday broke down why IBM’s $34 billion price tag to buy Red Hat was worth the cost. Paying $190 a share for the open-source software, the October deal came at a 63% premium in part. Cramer argued that premium is understandable because IBM was not the …

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Business groups slam House for passing $15 minimum wage bill

Andres Orellana cooks vegetables at Illegal Pete’s on the Pearl Street Mall in Boulder last December. Illegal Pete’s has announced that they will raise minimum wage to $15 per hour nationally. Jeremy Papasso | Digital First Media | Boulder Daily Camera | Getty Images The House of Representative’s decision to …

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House passes Raise the Wage Act $15 per hour minimum wage bill

Speaker of the House Rep. Nancy Pelosi (D-CA) holds up seven-year-old Kassidy Durham of Durham, North Carolina, during a news conference prior to a vote on the Raise the Wage Act July 18, 2019 at the U.S. Capitol in Washington, DC. Alex Wong | Getty Images The House passed a …

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What is a Rhino bond? Here’s all need to know

12 October 2018, Berlin: A young black rhino looking at the outside enclosure of the zoo for the first time since birth. Paul Zinken | picture alliance | Getty Images Investors will soon be able to buy bonds that aim to increase the population of the endangered black rhino, and …

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Why Netflix says it had a rare subscriber loss in Q2 2019

Netflix Co-founder, Chairman & CEO Reed Hastings attends a Q&A during a Transatlantic Forum in Lille, France. Sylvain Lefevre | Getty Images For the first time in eight years, Netflix reported a loss of paid domestic subscribers in its second quarter earnings release Wednesday. The company reported a loss of …

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