Wall Street
Bed Bath & Beyond, PG&E, Sprint and more
Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell: Bed Bath & Beyond shares surged as much as 22% during extended trade after the company announced that Mark Tritton will take the helm as president and CEO …
Powell says it’s the Fed’s job to keep the economy in a ‘good place’ for ‘as long as possible’
US Federal Reserve Chairman Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington, DC on July 31, 2019. Andrew Caballero-Reynolds | AFP | Getty Images Federal Reserve Chairman Jerome Powell described the U.S. economy on Friday as being solid, noting the central bank must do what it can …
Bank of America says this is a ‘make or break’ quarter for Netflix
Netflix Co-founder, Chairman & CEO Reed Hastings attends a Q&A during a Transatlantic Forum in Lille, France. Sylvain Lefevre | Getty Images Netflix’s upcoming earnings results will show whether it’ll be able to compete with new rival platforms from Disney, Apple and others, according to Bank of America Merrill Lynch. Investors will take special note …
Damodaran says Peloton is worth $19 with ‘benefit of every doubt’
Peloton introduces a treadmill to their product line. Emily Gaffney | CNBC Peloton is worth $19 a share at most, according to Wall Street’s valuation guru. The fitness start-up tumbled about 11% in its public debut on Thursday to as low as $25.76 a share, below its IPO pricing of $29 per share, which was …
Top technology analyst sees no opportunities in hardware sector
Inside an Apple store in Causeway Bay, Hong Kong. Miguel Candela, SOPA Images | LightRocket | Getty Images There are no good stocks to buy in the IT hardware sector, according to top-rated technology analyst Toni Sacconaghi. A.B. Bernstein maintained a market-perform rating for Apple, HP, Hewlett Packard Enterprises, IBM and Dell due to their …
AT&T jumps after Elliott takes $3 billion stake, sees stock at $60
AT&T soared Monday after Paul Singer’s Elliott Management announced it owns $3.2 billion in the underperforming telecom giant’s stock. The hedge fund said it sent a letter to the company’s board and argued for ways AT&T can “improve its business and realize a historic increase in value.” The activist investor said its AT&T stock purchase is one …
WeWork is slashing its IPO valuation to less than $25 billion
Signage is seen at the entrance of the WeWork offices on Broad Street in New York. David ‘Dee’ Delgado | Bloomberg | Getty Images The valuation targets for controversial real estate company WeWork are being dramatically lowered and the real estate company will not go public next week, sources told CNBC’s David Faber. Even at …
In a world of disappearing income, these stable stocks pay a high dividend yield
A worker polishes a diesel engine at the Cummins Seymour Engine Plant in Seymour, Indiana. Luke Sharrett | Bloomberg | Getty Images In a world of falling and even negative interest rates, investors are searching high and low for yield. Companies with a high and stable dividends are a good place to look, but there …
China insists it is unaware of calls to Trump
Chinese President Xi Jinping meets Ugandan President Yoweri Museveni at the Great Hall of the People in Beijing, China June 25, 2019. Nicolas Asfour | Reuters One day later, China is still insisting no phone calls took place over the weekend that President Donald Trump claimed showed its willingness to talk again. “I have not …
‘It’s very hard to wrap your arms around’ a world of negative yields
The bond market has entered a financial twilight zone, and at this point, there doesn’t seem to be a smooth way out. For the last several weeks, investors have been watching a swift move lower in global bond yields — with the amount of negative yielding debt increasing to the point where it now equals …
