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Luke Sharrett | Bloomberg | Getty Images A wind turbine used for training and research stands outside the General Electric Co. (GE) energy plant in Greenville, South Carolina. General Electric CEO Larry Culp may be more optimistic about the company’s future than ever before but a top Wall Street analyst …
Read More »Monthly Archives: March 2019
What happens next as May prepares for third meaningful vote
Reuters TV via REUTERS Britain’s Prime Minister Theresa May speaks in Parliament, following the vote on Brexit in London, Britain, March 13, 2019, in this screen grab taken from video. U.K. Prime Minister Theresa May hopes it will be a case of third time lucky next week, when the embattled …
Read More »Walmart is planning to sell its own tablets
Beth Hall | Bloomberg | Getty Images Shoppers walk past the entertainment and electronics section in a Wal-Mart Supercenter store in Rogers, Arkansas. Walmart is making its own tablet in a move to challenge tech giants Amazon and Apple. The company has filed a wireless product application for a tablet …
Read More »Trump vows to veto bill that would end border emergency declaration
Alex Edelman | Bloomberg | Getty Images U.S. President Donald Trump in the Roosevelt Room of the White House in Washington, D.C., U.S., on Tuesday, March 5, 2019. President Donald Trump plans to reject a bill that would block his national emergency declaration at the southern border if the Senate …
Read More »Tesla promotes Kirkhorn to CFO and Taneja to Chief Accounting Officer
Aly Song | Reuters Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China, January 7, 2019. Tesla’s new CFO officially took office Wednesday, the company said in a filing. The company also promoted its corporate controller Vaibhav Taneja to the role of Chief Accounting Officer. …
Read More »The iPhone’s steady cash flow makes Apple more like a safe bond than a stock, Cowen says
Kevin Frayer | Getty Images Apple iPhones are seen on display at an Apple Store on January 7, 2019 in Beijing, China. Add Cowen to a list of Apple bulls as analysts there see the steady iPhone business driving the stock another 20 percent higher. Cowen initiated coverage on Apple …
Read More »Snap surges after skeptic upgrades to buy citing stronger advertising
Shares of social media company Snap rallied more than 6 percent Thursday after one longtime skeptic upgraded the stock and told clients that it’s set for outperformance thanks to better advertising sales. BTIG analyst Richard Greenfield now recommends investors buy the beat-up equity and thinks that the media sharing platform …
Read More »Dollar General beats quarterly same-store sales estimates and raises its dividend
Luke Sharrett | Bloomberg | Getty Images A Dollar General store in Scottsville, Kentucky. Dollar General forecast 2019 profit below analysts’ expectations on Thursday as the discount retailer ramps up spending on stores to pull in more customers, sending its shares down nearly 6 percent. Dollar General has spent the …
Read More »Nvidia’s stock is at a make-or-break level, says chart watcher
Nvidia is having its best week in months, and the recent surge has pushed the stock to a critical level, one chart watcher tells CNBC. Shares of the chipmaker are up 11 percent this week after Wednesday’s nearly 4 percent gain. The stock has managed to regain some of its …
Read More »GE shares drop after giving 2019 forecast lower than Wall Street estimates
Sebastien Bozon | AFP | Getty Images An employee of General Electric works on a gas turbine at the GE plant in Belfort, France. General Electric told shareholders on Thursday that the embattled conglomerate expects 2019 earnings to be below what analysts anticipated as it continues to be plagued by …
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