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Monthly Archives: November 2019

‘Frozen 2’ poised to be Disney’s 6th billion-dollar film of 2019

Elsa, voiced by Idina Menzel, in “Frozen II.” Disney Disney has continued to break records at the box office this year — and is on the verge of setting a new one. The studio has already garnered more than $8 billion at the global box office since January, breaking the …

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When Book Deals Get Politicians Into Hot Water

Under normal circumstances, any author who raked in $600,000 for a series of self-published children’s books would be snapped up by a prestigious publisher and handed a lucrative multi-book deal. But in the case of Baltimore’s former mayor Catherine Pugh, the sales were a sham. Most of the “Healthy Holly” …

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History shows Black Friday helps beaten-up retailers like Home Depot

Target’s earnings on Wednesday crushed estimates, and the stock market rewarded the retailer. But things have not been great for many other retail store brands that recently reported quarterly earnings. Still, a relief rally could be looming for some of the hard-hit retailers like Home Depot, based on a CNBC …

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Target is the retail trade of 2019, with the stock up nearly 90%

Target CEO Brian Cornell appears on CNBC after ringing the opening bell at the New York Stock Exchange on the morning of November 28, 2014 in New York City. Getty Images Target is far and away the best performing retail stock of 2019. After reporting third-quarter results on Wednesday that …

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Lyft co-founder John Zimmer on stock plunge since IPO in March

Lyft co-founder and President John Zimmer, acknowledging the rough ride on Wall Street since their March initial public offering, said on Wednesday that he believes the stock is a good buy right now. “I care about our employees that have jobs from us, that in some cases equity from us,” …

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AIDS Memorial Quilt to Return Home to San Francisco

The AIDS Memorial Quilt, a vast network of patches commemorating the lives of people who have succumbed to illnesses related to the disease, will return to San Francisco, where its first panels were created in 1987. The quilt’s longtime steward, the NAMES Project Foundation, which is headquartered in Atlanta, will …

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The best-performing hedge funds are piling into these financial shares

Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE). Drew Angerer | Getty Images Bank stocks may seem far from hedge-fund darlings, but some of the best and under-the-radar managers in the industry are doubling down on them. Every quarter, investors get a glimpse …

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A Prominent Chinese-American Artist Is the Latest to Fall Afoul of China’s Censors

BEIJING — A prominent arts center in Beijing has canceled a Chinese-American artist’s exhibition of works with strong social and historical themes, planned for December, after the local authorities declined to issue the necessary import permits. The cancellation comes amid a growing clampdown on civil society across the country and …

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Walmart, Target CEOs ‘made me feel terrific’ about consumers

Optimism from the CEOs of two of the nation’s biggest retailers, Target and Walmart, show that American consumers are not tightening their belts due to trade tariffs, CNBC’s Jim Cramer said Wednesday. The views expressed by Target CEO Brian Cornell and Walmart CEO Doug McMillon, in CNBC interviews this week, …

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Macy’s is about to report earnings, but traders have mixed thoughts

Macy’s may not be the best stocking stuffer this holiday season. The retailer, which is down nearly 80% from its 2015 peak, is set to report earnings Thursday morning. TradingAnalysis.com founder Todd Gordon says that retail carnage is likely to continue based on technical retracements. “The rule that we use …

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