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cnbc wrote a new post, Google antitrust probe expands as bipartisan state AGs beef up staff and resources, on the site US Stock Info 6 years, 3 months ago
The state officials are also cooperating closely with the Justice Department, which is conducting a federal antitrust probe of the search giant, the people said. He is deeply experienced in antitrust fights, including states’ battle with Microsoft in the 1990s. A bipartisan targetLawmakers and critics have previously claimed that Google uses its search, Android and advertising technology businesses to favor its own products. Democrats have battled Google on allegations including not doing enough

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cnbc wrote a new post, Stocks making the biggest moves midday: Uber, eBay, T-Mobile & more, on the site US Stock Info 6 years, 3 months ago
Check out the companies making headlines in midday trading on Friday. T-Mobile — Shares rose more than 2% after the company reported fourth-quarter earnings that beat analysts’ expectations on the top and bottom line. eBay — eBay slumped 3.5% on Friday after NYSE-parent company Intercontinental Exchange announced that it would not continue to explore a possible acquisition of the e-commerce company. Pinterest — Pinterest rose more than 12% in midday trading after the company reported better-than

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cnbc wrote a new post, Watch: White House coronavirus task force holds briefing as WHO calls for funding, on the site US Stock Info 6 years, 3 months ago
The Department of Health and Human Services will host a news briefing Friday with members of the White House’s coronavirus task force. Health and Human Services Secretary Alex Azar will likely address the public alongside other members of the task force, including acting deputy secretary of the Department of Homeland Security Ken Cuccinelli and others. He said that funding for outbreak preparedness in surrounding countries “has remained grossly inadequate” in the past. The WHO has tapped $9 mill

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cnbc wrote a new post, Furniture makers see a boom in business, and team up to find workers to meet the demand, on the site US Stock Info 6 years, 3 months ago
In the face of an ongoing trade war and a historically tight labor market, furniture makers in America are up against a unique challenge — finding skilled workers to keep up with demand. In January 2000, more than 670,000 workers were employed in furniture manufacturing but that plummeted to just 360,000 in 2010. In North Carolina, furniture companies have turned to the Catawba Valley Furniture Academy in Hickory. To help bring it back to life, the college teamed up with five local furniture mak

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cnbc wrote a new post, MLB analyst Jessica Mendoza signs extension at ESPN, resigns from Mets, on the site US Stock Info 6 years, 3 months ago
MLB analyst Jessica Mendoza signed a multiyear extension with ESPN, the network said in a press release Friday. She’ll be resigning her role as a baseball operations advisor to the New York Mets. Mendoza, 39, will be the first woman to serve as a solo analyst on national baseball telecasts. She will also be the first woman to serve as a World Series game analyst on national radio this season, according to the release. Mendoza first joined ESPN in 2007 and has served as an analyst on Sunday Night

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cnbc wrote a new post, Canada Goose sees hit to 2020 profit, sales from coronavirus, on the site US Stock Info 6 years, 3 months ago
Canada Goose said on Friday lower store traffic in China and travel restrictions due to the coronavirus epidemic would impact its revenue and lead to a smaller profit in 2020, sending its shares down 4%. The parka maker expects revenue to grow between 13.8% and 15%, compared with its prior forecast of at least 20% growth. That translates to C$945 million ($710 million) to C$955 million, a hit of up to C$51.6 million. It forecast full-year adjusted profit growth to be in the range of 2.2% decline

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cnbc wrote a new post, Shell’s new solar farm to help power a natural gas plant in Australia, on the site US Stock Info 6 years, 3 months ago
Shell Australia is set to construct and operate a solar farm made up of around 400,000 photovoltaic panels in the state of Queensland. In an announcement Friday, Shell Australia described the facility as its “first large-scale solar farm” and said it would have a capacity of 120 megawatts. Work on the project is set to finish in 2021, with Shell Australia saying up to 200 new jobs will be created during the construction phase. The solar farm will help to power operations at the QGC onshore natur

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cnbc wrote a new post, Recession fears grow as German economy ‘could face the perfect storm,’ analyst says, on the site US Stock Info 6 years, 3 months ago
Data released on Friday showed that German industrial production fell for the fifth time in the last seven months, dropping by almost 7% on the year. Yesterday, official figures showed German factory orders contracted 2.1% month-on-month. According to preliminary data, Germany grew at a rate of 0.6% in 2019, the weakest expansion since 2013. The German government said Friday that the overall outlook for the industrial economy remains “subdued.” Time to spendAccording to the OECD (Organization fo

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cnbc wrote a new post, Trump wins appeal in case where Democrats sued him for allegedly violating emoluments clause, on the site US Stock Info 6 years, 3 months ago
President Donald Trump smiles during an event at the White House in Washington, D.C., on Thursday, Feb. 6, 2020. A federal appeals court on Friday ordered the dismissal of a lawsuit by congressional Democrats who had sued President Donald Trump for allegedly violating the Constitution’s emoluments clause, which bars presidents and other federal officerholders from receiving money from foreign governments. The ruling came two months after the panel appeared deeply skeptical of the claim that memb

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cnbc wrote a new post, CVS Health chairman David Dorman on coronavirus, the markets and more, on the site US Stock Info 6 years, 3 months ago
CVS Health chairman David Dorman on coronavirus, the markets and moreCoronavirus fears continue to spread and travelers around the country are stocking up on face masks. David Dorman, chairman of CVS Health and former chairman and CEO of AT&T, joins “Squawk Box” to discuss.

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cnbc wrote a new post, Jimmy Dunne: Likely won’t be rise in interest rates until 2021, on the site US Stock Info 6 years, 3 months ago
Jimmy Dunne: Likely won’t be rise in interest rates until 2021CNBC’s “Squawk Box” team talks with Wall Street legend Jimmy Dunne of Piper Sandler about the U.S. economy, markets and more.

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cnbc wrote a new post, Solo entrepreneurs face a critical financial challenge: How to save for retirement, on the site US Stock Info 6 years, 3 months ago
If you have a job with a company that offers retirement savings, you are in luck. Self-employed people and small business owners should be concerned about their retirement savings, since just 13% of those tax filers participate in a workplace retirement plan. “The government has incentivized saving,” said Chad Parks, founder and CEO of the retirement plan provider Ubiquity Retirement and Savings in San Francisco. That $500 adds up to $6,000 over a year, the individual retirement plan limit for 2

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cnbc wrote a new post, AT&T’s Stephenson stands by promise to remain CEO through 2020 but refuses to look beyond that, on the site US Stock Info 6 years, 3 months ago
So I will stay as CEO through 2020,” Stephenson said on “Squawk Box” from the AT&T Pebble Beach Pro-Am golf tournament in California. Stephenson said that WarnerMedia, led by John Stankey, is doing well and looking forward to launching its HBO Max streaming video service in May. Comcast’s NBCUniversal group, which includes CNBC, plans to launch a streaming service dubbed Peacock in July. Addressing rumors about a possible “Friends” reunion special as part of the HBO Max offering, Stephenson told

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cnbc wrote a new post, Here’s how much you’ll have for retirement with a $50,000 salary if you factor in savings and Social Security, on the site US Stock Info 6 years, 3 months ago
A lot of retirement planning revolves around how much money you should be saving now. In this case, there are two puzzle pieces to your monthly retirement budget: your personal savings and Social Security. And if you have a traditional job, you already pay 6.2% of your salary in Social Security taxes. NerdWallet crunched the numbers to figure out the personal savings side of your retirement plan. Check out the video to see a breakdown of how much money your savings and Social Security benefits w

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cnbc wrote a new post, Stock performance study shows companies should take environmental and social factors seriously, on the site US Stock Info 6 years, 3 months ago
The firm found that in two thirds of “high ESG controversy” cases a company’s stock experienced “sustained underperformance,” trailing the global index by an average of 12% over the course of the following 2 years. As the ESG and sustainable investing movement grows, Societe Generale quantified the potentially large consequences for companies that don’t follow suit. Traders on the floor of the New York Stock ExchangeThe firm based its analysis on 80 past ESG controversies, dating back to 2005 an

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cnbc wrote a new post, Uber CEO: Coronavirus outbreak ‘not material in any way’ to our overall portfolio of businesses, on the site US Stock Info 6 years, 3 months ago
Uber CEO Dara Khosrowshahi told CNBC on Friday that the company doesn’t anticipate the fast-spreading coronavirus to impact its overall business. “We’re not seeing a significant effect on the business overall,” Khosrowshahi said on “Squawk Box.” “For example, business in Hong Kong, airport business is down pretty significantly, from an overall standpoint with our portfolio it’s not material in any way,” he added. Tesla has also temporarily shuttered its stores in mainland China, according to an

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cnbc wrote a new post, Uber CEO looks to put 50 cents of every dollar of revenue growth into achieving profitability, on the site US Stock Info 6 years, 3 months ago
Uber CEO Dara Khosrowshahi told CNBC the company plans to put a majority of its revenue growth this year into the bottom line. “For every dollar of revenue growth, especially from Q4 to Q4, we expect to drop 50 cents to 55 cents to the bottom line,” Khosrowshahi said on “Squawk Box.” “For rides in 2019, for every dollar of revenue growth … they dropped about 80 cents to the bottom line,” he said. Rides driver referrals and excess driver incentives cost Uber $123 million in 2019, with $20 milli

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cnbc wrote a new post, Dish’s Sling TV to offer $5 promotion for first month to new and returning customers, on the site US Stock Info 6 years, 3 months ago
Dish will offer the first month of its Sling Orange and Sling Blue products for $5. Sling Orange includes more than 30 linear channels, including ESPN, CNN and TNT. Dish has been offering the first month of Sling Orange and Sling Blue for $20 per month. Dish ended the third quarter with 12.18 million total pay-TV subscribers — 9.49 million for satellite and 2.69 million for Sling TV. Still, Sling’s consumer niche is its low price for a skinny bundle of linear channels — even lower than Hulu with

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cnbc wrote a new post, Stocks making the biggest moves in the premarket: Uber, Canada Goose, Hanesbrands & more, on the site US Stock Info 6 years, 3 months ago
Hanesbrands (HBI) – The underwear and activewear company reported quarterly profit of 51 cents per share, matching forecasts. Uber Technologies (UBER) – Uber lost 64 cents per share for its latest quarter, 4 cents a share less than Wall Street was anticipating. T-Mobile US (TMUS) – T-Mobile beat estimates by 4 cents a share, with quarterly earnings of 87 cents per share. Pinterest (PINS) – Pinterest reported quarterly earnings of 12 cents per share, 4 cents a share above estimates. Myriad Geneti

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cnbc wrote a new post, 5 things to know before the stock market opens Friday, on the site US Stock Info 6 years, 3 months ago
Dow to open lower after 4%, four-session winning streakTraders work at the New York Stock Exchange in New York, the United States, on Jan. 8, 2020. One week ago to the day, the Dow plunged over 600 points on coronavirus concerns. While the outbreak continued to worsen in China this week, investors were hopeful because there were no signs of an outbreak in the United States. Adam Galici | CNBC3. Credit Suisse CEO steps down in fallout from corporate espionage scandalCredit Suisse CEO Tidjane Thia

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