Month: October 2018

Guggenheim’s Scott Minerd expects a recession in 2020, but if Republicans maintain control of Congress in the upcoming elections that could be delayed. However, there will be a cost, he told CNBC on Wednesday. “That will extend the expansion but that will make the recession that follows all the worse. We’re already seeing excesses in
0 Comments
Following in the path of the tech-savvy Domino’s Pizza, fast-casual chain Wingstop is turning its focus to digital as customers become increasingly familiar with its web-based platforms, Wingstop CEO Charlie Morrison told CNBC on Wednesday. “Today, … 25 percent of our revenue comes from digital,” Morrison said in an exclusive interview with “Mad Money” host
0 Comments
Electronic Arts forecast third-quarter revenue below Wall Street estimates on Tuesday, as the video-game publisher’s delayed launch of its popular “Battlefield V” game hurt the company in an already crowded holiday-season game slate. The company’s shares were down 5 percent at $90.25 in after-market trading. EA forecast third-quarter adjusted revenue of $1.73 billion, missing the
0 Comments
Goop, the lifestyle brand owned by actress Gwyneth Paltrow, has been reported to the U.K.’s trading standards and advertising watchdogs over allegations that it makes misleading claims about its products. The Good Thinking Society, a non-profit charity that campaigns against pseudoscience, confirmed to CNBC Monday that it had submitted the complaint about Goop to the
0 Comments
Check out the companies making headlines after the bell: Facebook shares initially fell, then turned positive and rose 2 percent in the extended session after the social media giant released a mixed third-quarter earnings report. The company reported earnings of $1.76 per share, higher than the Street’s $1.47 per share estimate. Facebook missed expectations on
0 Comments
Facebook fell short when it came to revenue, daily active user and monthly active user estimates in its latest earnings report, despite exceeding analyst expectations on earnings per share. The company reported its third-quarter earnings after bell on Tuesday: Earnings per share (EPS): $1.76 vs $1.47 estimated, per Refinitv Revenue: $13.73 billion vs. $13.78 billion
0 Comments
The stock market is “not out of the woods” despite Tuesday’s positive trading session, CNBC’s Jim Cramer and technician Bob Lang warned investors as stocks pared their monthly losses. Lang, the founder of ExplosiveOptions.net, author of “Know Your Options” and part of the Trifecta Stocks newsletter team at TheStreet.com, said that the charts of several
0 Comments
Technology-focused hedge fund SoMa Equity Partners told investors on Monday that one of its best investment ideas is a stake in The New York Times Company. “Newspapers are mostly dead, but the news isn’t dead,” Gil Simon, SoMa’s founder and chief investment officer, said during an interview with CNBC’s Leslie Picker at the Sohn conference
0 Comments