Business

After Walmart shares surged almost 10 percent last Thursday thanks to the company’s strong second-quarter earnings numbers, investors might be wondering if the stock has reached its peak. CNBC’s Jim Cramer doesn’t think so. “Don’t think it is too late to buy some,” the “Mad Money” host said. Cramer traces the stock’s rise back to
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Streaming services such as Netflix, Hulu and Amazon are increasingly fighting for eyes — upping content spends and rounding out studios. But industry leaders are fighting a different battle for dollars with their youngest viewers. Streaming subscribers are sharing passwords and skirting systems in increasing numbers, creating an increasingly expensive problem for streaming services. Getting
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Pregnant women may one day be able to find out whether they’re at risk of developing gestational diabetes with a blood test as early as 10 weeks into their pregnancies, research suggests. Some women become sensitive to insulin during their pregnancies and develop gestational diabetes. The condition causes women’s blood sugar levels to spike and
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Cisco stock rose more than 6 percent on Wednesday after the company reported better-than-expected earnings for the fourth quarter of its 2018 fiscal year, which ended on July 28. Here’s how the company performed: Earnings: 70 cents per share, excluding certain items, vs. 69 cents per share as expected by analysts, according to Thomson Reuters.
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General Electric shares fell below $12 per share for the first time since July 24, 2009 on Wednesday, plowing a new low for the stock this year as investors appear concerned about the embattled industrial company’s turnaround plan. Shares of GE fell more than 2 percent in trading, slipping as low as $11.94 per share.
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While the failed merger between Walgreens and Rite Aid has led to the pharmacy chains struggling to find their footing, their rival CVS has had the chance to shine, CNBC’s Jim Cramer said. “When the FTC blocked the Walgreens-Rite Aid merger, they actually laid the groundwork for less competition, because the delay and subsequent confusion
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The opioid epidemic in the United States has “peaked,” says Dr. Toby Cosgrove, one of the nation’s leading voices on health-care reform. “We’re starting to see the understanding of the problem,” Cosgrove said on CNBC’s “Squawk Box” on Monday. “[We] are getting to the point where people are certainty prescribing fewer drugs and people are
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Customs agents in Shanghai have refused to release a shipment of American-made Mercedes-Benz SUVs because of what they have described as a “safety risk.” Ostensibly, the Mercedes GLE and GLS models have a problem with their rear brakes that authorities want fixed before they are allowed into the country. But the timing of the move,
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In May, Facebook said David Marcus was leaving his role running Messenger to start an internal blockchain initiative. Since the moment, a big question has been circling in the crypto world: What about his seat on Coinbase’s board? Coinbase, the leading exchange for bitcoin and other digital currencies, is the clear breakout success in the
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Rite Aid Corporation and Albertsons Companies announced on Wednesday they are terminating their merger agreement the evening ahead of a shareholder vote over the deal. The $24 billion deal, announced in February, has faced push-back from a number of retail investors as well as top ten shareholder Highfields Capital Management. Critics have argued the deal
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Expedia reported second-quarter earnings in July that beat analysts’ expectations and caused the stock to skyrocket. However, CNBC’s Jim Cramer explained that the outlook hasn’t always been so rosy for the digital travel company, which deals with everything from hotels to cruises to rental cars. Last August, the company lost CEO Dara Khosrowshahi to Uber
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