Credit Suisse downgraded the stock after the company’s disappointing earnings report and said “execution risk” is “clouding” the company’s path to recovery. “Execution risk clouding path of recovery: When we launched coverage of Ford, at the core of our positive outlook was that even though Ford faced a challenge in balancing the ‘two clocks’, there was nevertheless significant opportunity for improvement. Even if Ford didn’t meet its targets, there were still enough ‘shots on goal’ to drive pos

A man holds up a smartphone with the Uber app visible on screen, as taxis queue in the background on June 4, 2019. Mahaney introduced the acronym “FANGU,” adding Uber, his top idea in the sector, to Facebook, Apple, Netflix and Google’s parent Alphabet. He sees more than 50% upside to Uber’s stock from current levels, betting on “very large market opportunities” and a path to profitability. The ride-hailing company on Thursday reported a narrower-than-expected quarterly loss and said it will del

Ford Motor President of Automotive Joe Hinrichs will retire and the company has named its new business and technology chief Jim Farley as its chief operating officer, the company announced Friday morning. Farley will take over broader responsibilities from Hinrichs, including all global markets and automotive, the company said. Farley will continue reporting to Ford CEO and President Jim Hackett, who has been under fire from Wall Street regarding progress to an $11 billion global restructuring p

“The key [level] to watch here is if it can break above its kind of double-top high in the high 45s.” “[If] it breaks above that level, it’s going to take off from here and it’d be very, very bullish on a technical basis,” Maley said. “So, … if you identify certain Chinese stocks that you think are trading at a reasonable valuation, I think there’s a good opportunity to buy some of them right now.” “As the middle class makes more and more money, they’re going to have more money to spend, and A

Amazon could potentially tag-team with the world’s biggest wrestling brand to gain an advantage in the streaming wars, according to a Needham. Not only could the Jeff Bezos-led tech retail juggernaut buy the streaming rights to World Wrestling Entertainment content, but it also could potentially buy the whole company one day, Needham analyst Laura Martin said. Martin, who has a buy rating on the stock, said one scenario for WWE is for Amazon to buy the licensing and streaming rights for the wres

But in 2020, businesses should prepare for a greater hurdle in their hiring challenge: an actual tight labor market where workers call the shots. The idea that labor markets aren’t tight — yet — will come as a surprise for many business owners who are currently feeling the pressure of hiring. And with unemployment at just 3.6%, the data may seem to be confirming that labor markets are tight already. Business owners and hiring managers have gotten used to the glut of workers that is characteristi

For the first time, Netflix has published the number of requests it’s received from governments to remove content from the streaming platform. In 2019, Netflix removed an episode of “Patriot Act” with the comedian Hasan Minhaj from its service in Saudi Arabia at the request of the government, for example. Also in 2019, Netflix removed Martin Scorsese’s epic religious film “The Last Temptation of Christ” from its service in Singapore, after a request from the Singapore Infocomm Media Development

“The reality is the world runs on the energy system that we have today,” Wirth said Friday on CNBC’s “Squawk Box” from Pebble Beach, California. If tobacco use were ceased today, I think the world would be just fine. In the fourth quarter Chevron reported a $6.6 billion loss, driven by a $10.4 billion write-down related to its shale gas production, primarily in Appalachia. Amid this backdrop, Wirth said Chevron is focused on capital discipline, and that the company has sized its operations to co

Even as interest rates remain low and investor appetite is strong, the ever-rising high-yield corporate debt levels are continuing to raise concerns on Wall Street. We are concerned about the level of corporate profits,” said Collin Martin, a fixed income strategist at Schwab who focuses on corporate bonds. That has come with default rates that had been extremely low on a historical basis. The junk default rate in 2019 rose to 3.3%, the highest level in three years and well above the non-recessi

The Japanese Health Ministry confirmed Friday 41 new cases of the new coronavirus on a quarantined cruise ship off the coast of Japan. The Diamond Princess cruise ship, which is operated by Carnival’s Princess Cruises, is carrying about 3,700 passengers and crew at the port of Yokohama. The Ministry said all those who tested positive for the new coronavirus will be removed and transported to local hospitals. “Our team on board Diamond Princess, supported by our shoreside colleagues, is actively

A trader works on the floor of the New York Stock Exchange shortly before the closing bell, June 29, 2015. U.S. stocks fell sharply in heavy trading on Monday and the S&P 500 and the Dow had their worst day since October after a collapse in Greek bailout talks intensified fears that the country could be the first to exit the euro zone. The euro zone could be at a “turning point” for economic activity, according to HSBC, with disappointing growth remaining despite survey optimism. Euro zone GDP (

World Health Organization officials are holding a press conference Friday to update the public on the new coronavirus outbreak. As of Friday, more than 31,000 cases of coronavirus have been reported in over two dozen countries, resulting in at least 636 deaths almost exclusively in China. “There’s still a lot we don’t know,” Tedros Adhanom Ghebreyesus, director-general of the World Health Organization, said Thursday. While scientists have made progress in sequencing the virus’s DNA and generally

Of all the professionals we entrust with various aspects of our lives, few hold more sway than a financial advisor. A good one can show you how to turn your hard-earned cash into a secure financial future. There’s so many reasons why someone needs to have a better understanding of their financial future,” Fordham University accounting professor Barbara Porco told CNBC’s “American Greed.” A radio show host who was listed by Barron’s as one of the nation’s top financial advisors, Bennett, 57, was

Evercore ISI Chairman Ed Hyman said he sees no economic growth in China in the first quarter due to the deadly coronavirus. The market pullback Friday “is still a worry about the virus,” Hyman said on CNBC’s “Squawk on the Street.” “Our team has GDP growth at zero for the first quarter … China is really slowing and that’s worrying people for sure.” China’s National Health Commission on Friday confirmed 31,131 cases of the deadly pneumonia-like virus in the country, with 636 deaths. JP Morgan h

A stronger-than-expected January jobs report earlier this morning failed to give stocks a boost. Stock futures came off lows but returned to them and Treasury yields went to the lows of the day. — Melloy8:33 am: US added 225,000 jobs in January, versus 158,000 expectedStock futures pared losses after the blowout January jobs report. —Li8:07 am: Jobs report approachesThe Labor Department’s report on nonfarm payrolls for January will set the tone for Friday. —Sheetz7:55 am: Dow futures drop about

Shares of Uber were up more than 8% Friday, a day after the company forecasted reaching a key profitability goal sooner than expected. The announcement sent Uber’s stock up as much as 10% in after hours trading. Uber forecasted a $1.35 billion loss at the middle range before interest, taxes, depreciation and amortization, lower than the FactSet analyst consensus of a $2.83 billion loss. In notes Friday morning, analysts highlighted the new EBITDA profitability target, with many putting a buy or

The education and health care industry — a consistent employment juggernaut — was by far the strongest during the month, adding more than 70,000 jobs. The health care subsector added more than 35,000 net jobs over the month. Mild January weather sparked an unusually large swell in construction, which posted a net gain of 44,000 jobs, well ahead of the 12,000 jobs the sector added on average each month in 2019. Most of the construction “gain occurred in specialty trade contractors, with increases

“The family has a travel history to mainland China, but not a history of travel to Hubei Province,” CDC spokesperson Kristen Nordlund said. —Feuer10:14 am: WHO holds press conference on outbreakWorld Health Organization officials are holding a press conference to update the public on the new coronavirus outbreak. —Cheddar Berk9:48 am: The number of cases on Carnival cruise ship near Japan jumps by 41The Japanese Health Ministry confirmed 41 new cases of the virus on a quarantined cruise ship off

WASHINGTON — An unseasonably mild January helped power the U.S. jobs market to more gains, with nonfarm payrolls rising 225,000 for the month, well above Wall Street estimates. However, the employment-to-population ratio in the household survey rose to 61.2%, its highest since November 2008 and 0.5 percentage points higher than a year ago. Professional and business services grew by 21,000, bringing to 390,000 the number of jobs the sector has added. “Strong growth and decent but not runaway wage

Oil prices have already been depressed for months, weighed down by buoyant American supply and internecine trade wars. “Any extended period of time where we see this decline in demand is really going to further pressure the oil market,” he told CNBC Wednesday. China’s oil demandSaudi Arabia alone, OPEC’s largest crude producer, was exporting around 1.8 million barrels of crude per day to China in the summer of last year. Across the Middle East, 2.4 million Chinese visitors traveled to the region