Budweiser beer products manufactured by Anheuser-Busch InBev NV sit on display during a news conference in Hong Kong, China, on Thursday, July 4, 2019. Kyle Lam | Bloomberg | Getty Images The world’s largest brewer Anheuser-Busch InBev forecast a 10% decline in first-quarter profit on Thursday after the coronavirus outbreak hit beer sales during the
A view of a Best Buy retail store on August 29, 2019 in San Bruno, California. Justin Sullivan | Getty Images Best Buy‘s fourth-quarter results exceeded analysts’ expectations, driven by strong sales gains over the holidays. Shares are up more than 2% in premarket trading. Shares were up 36% over the past 12 months, bringing its market value
MartinPrescott When market volatility is high, financial advisors often suggest investors review — and possibly re-balance — their portfolios rather than make an emotional or impulsive move. Yet as the stock market plunged at the beginning of this week, trading activity in 401(k) plans skyrocketed. And, data show that many investors moved money out of
Scott Minerd, founding managing partner at Guggenheim, at WEF in Davos, Switzerland on Jan. 22, 2019. Adam Galica | CNBC Guggenheim Partners Global CIO Scott Minerd said Wednesday that stocks could have further to fall as the markets came to grips with the economic impact from the coronavirus outbreak. Minerd, appearing on CNBC’s “Closing Bell,”
Chamath Palihapitiya Heidi Gutman | CNBC Billionaires should be grateful for their good fortune and stop being so sensitive to public criticism and name-calling by politicians, tech billionaire Chamath Palihapitiya said Wednesday. In a heated billionaire-versus-billionaire debate with former hedge fund manager Leon Cooperman, Palihapitiya said that being demonized or labeled “out of touch” is a
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters U.S. stock futures traded slightly lower on Wednesday night after Microsoft warned it will not meet its revenue guidance for a key business segment, citing the recent global coronavirus outbreak. President Donald Trump is also scheduled to hold a news
Top management at global companies are clueless on the full extent of the coronavirus impact and how it will affect their companies in the coming months, a portfolio manager told CNBC Wednesday. Many firms have highlighted that their operations will suffer as a result of the virus and some have taken precautionary measures. But Pieter
This is a live blog. Please check back for updates. All times below are in Eastern time. Total confirmed cases: More than 81,000Total deaths: At least 2,764 9:54 am: Brazil Health Ministry confirms first coronavirus case in Latin America The Brazilian government confirmed the first case of a fast-spreading new coronavirus in Latin America, officials from
We went to one of the 36 Jollibee locations in the US to see why the Filipino fast-food chain is so popular. Following is a transcript of the video: Going to the Jollibee yeah! Hey, what’s going on? Can I do an Aloha burger, the Chickenjoy spicy, the rice and gravy side, and then can
► Take our survey and tell us what you like about our YouTube channel and would like to see more of: https://bit.ly/33SJ8AI The FT’s Benjamin Parkin explains what’s behind India’s banking crisis and why it could spread to the real economy ► Check out our Community tab for more stories on the economy. ► Listen
May 13 (Bloomberg) — Bill Ackman’s most controversial bets have been his most lucrative. The founder and CEO of Pershing Square gives us his rules for investing like an activist and tells us why he likes his day job. (Source: Bloomberg) — Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg Bloomberg Television offers extensive coverage and analysis
Citadel Group, a high-frequency trading firm located in Chicago, trades more stocks each day than the floor of the NYSE.
It goes without saying that death and taxes are two of life’s certainties. But what many people don’t know is that their Social Security retirement benefits might be taxed. And that means that they haven’t been using strategies proactively to reduce those levies and extend their income over their retirement years. William Meyer, founder of
Larry Kudlow, director of the U.S. National Economic Council, speaks during a television interview at the White House in Washington, D.C., U.S. on Thursday, Jan. 30, 2020. Alex Edelman | Bloomberg | Getty Images National Economic Council Director Larry Kudlow said the coronavirus-triggered selloff has created a buying opportunity for long-term investors. “The virus story
Baseball, known locally as yakyuu (or literally “field ball”), is a national phenomenon in Japan. Masaoka Shiki, one of Japan’s four great haiku masters, wrote several poems praising it. Osaka’s most infamous urban legend centers around it. It’s even more popular than the nation’s native sumo. According to data published by Japan’s Central Research Services
Klarna CEO Sebastian Siemiatkowski speaks at a technology and music conference in Stockholm, Sweden. Johan Jeppsson | Bloomberg via Getty Images Swedish financial technology start-up Klarna has reported an annual loss for the first time, following years of profitability. Klarna, which lets people buy items online and pay for them over instalments, reported a loss
People walk outside a Lowe’s store in East Peoria, Ill. Daniel Acker | Bloomberg | Getty Images Lowe’s shares fell Wednesday after the company reported mixed fourth-quarter results, with sales weaker than expected, and provided a disappointing forecast. Shares were down more than 3% in premarket trading. Here’s what Lowe’s reported compared with what Wall
Bob Chapek (C) Chairman of Parks, Experiences, and Products for the Walt Disney Company speaks during the dedication ceremony for the “Rise of the Resistance” attraction opening at Galaxy’s Edge at Disney’s Hollywood Studios on December 04, 2019 in Orlando, Florida. Gerardo Mora The head of Disney’s parks, experiences and products is now its new
John Fedele The annual income of older Americans could drop significantly from one year to the next for a variety of reasons. It might be retirement or the death of a spouse, perhaps, or the sale of a business. Yet it might take Medicare — which charges higher earners more for premiums — a couple
The Nasdaq-100 Index shed more than 2% on Tuesday, and based on one key technical indicator, it may be headed for even steeper declines. On Monday, the tech-heavy index’s 14-day RSI reading fell below 50, breaking its longest streak above 50 on record, according to data from Sentimentrader. RSI, or relative strength index, is a
Sophia Bera, CEO and founder of Gen Y Planning. When financial advisor Sophia Bera founded her Austin, Texas-based practice in 2013, she decided to work primarily with millennial clients. Bera, then 29, wanted to help her peers navigate their early careers and the thorny financial issues, such as managing student debt and buying a first
Stock futures were up just slightly in overnight trading after stocks’ worst two-day rout in more than four years amid heightened concern the coronavirus will upend global economic growth. Futures on the Dow Jones Industrial Average rose 96 points, while the S&P 500 futures were up 0.2%. To be sure, futures trading this early may
Macy’s reported fourth-quarter earnings on Tuesday that outpaced expectations, helped by a boost from last-minute shoppers who lifted sales in the days leading up to Christmas. Shares climbed as much as 6% in premarket trading, before they dropped and opened flat. “Taken as a whole, 2019 did not play out as we intended for Macy’s,
Chief executive officer and chairman of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York Stock Exchange (NYSE), November 27, 2017 in New York City. Getty Images Bob Iger is stepping down as CEO. The media mogul, who has been at the helm of
At $25 per pound, macadamia nuts are the world’s most expensive nuts.The nuts keep breaking price records every year. Macadamia trees take 7 to 10 years to begin producing nuts, and the nuts can only be harvested a few times a year. Although the demand for the nuts has largely outpaced the supply, exporters worry
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Private equity firms have come of age since their corporate raider days and are increasingly vying for retail investors’ cash. But what do they do? And what risks do investors face? John Authers, senior investment columnist, explains. ► FT Markets: http://bit.ly/1J5HNd3 ► FT Business: http://bit.ly/1KUK08s ►
April 30 — Tesla is a young company, but it’s already made history. Bloomberg takes a quick look back at some of Tesla’s milestones since its founding in 2003.
The loudest band in the rock world also rocks the merchandising world, managing what Gene Simmons calls a billion dollar business.
Oliver Furrer | Cultura | Getty Images The spread of the coronavirus helped to sink the Dow Jones Industrial Average more than 900 points when the market opened on Monday. And if that decline goes past 1,000 points, it could be the biggest one-day drop since 2018. If you’re like many investors, you may be
Investors must take precaution about the stocks they want to put their money in because the coronavirus outbreak is disrupting supply chains of many companies, CNBC’s Jim Cramer warned on Monday. American businesses are “far too dependent” on manufacturing products in China, he said. The comments came after the three major U.S. stock indexes plunged