Month: April 2018

General Electric shares rose as much as 7 percent Friday after the Dow component’s upbeat first-quarter earnings. But few – if any – on Wall Street are calling it a comeback. “There’s absolutely no change to our thesis here,” J.P. Morgan analyst Stephen Tusa told CNBC’s “Squawk on the Street.” Tusa said GE’s overall number
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These tensions have weighed on financial markets recently as investors fear a trade war between the two largest world economies may be around the corner. “Right now, the discussions over trade are really ones that may be impacting individual businesses,” Brainard said. However, Brainard also said the U.S. economy appears capable of handling tighter monetary
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The stakes are high for Apple as it fights to keep its place as the most valuable public company in the business world. The iPhone giant reports quarterly earnings on May 1, by which time iPhone X sales should be baked in to its results. Apple doesn’t usually release sales numbers of individual models. The
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Brazil and Mexico have caught the eye of U.S. executives as investment destinations after a sharp economic turnaround in Latin America. U.S. executives expect their companies to make deals in both Brazil and Mexico over the next 12 months, according to a survey conducted by EY. “As we approach full employment in the U.S., companies
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European leaders can build trust and fight populist threats by touting the economic benefits of closer integration, Italian Finance Minister Pier Carlo Padoan said Thursday. In a CNBC Facebook Live interview at the World Bank and International Monetary Fund’s Spring Meetings 2018 in Washington, Padoan said strengthening euro area reforms would build more trust across
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The second significant change to Alphabet’s balance sheet comes because of a new accounting standard for equity security investments. Under the new rule, called Accounting Standards Update 2016-01, Alphabet has to report the unrealized gains and losses from its investments on its income statement. For example, Alphabet bought a stake in both ride-hailing start-up Uber
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Check out the companies making headlines before the bell: General Electric – GE beat estimates with adjusted quarterly profit of 16 cents per share, 5 cents a share above estimates, with revenue also beating forecasts. CEO John Flannery said GE is seeing signs of progress in its performance, with aviation, health care, and transportation all
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Kirk McKoy | Los Angeles Times | Getty Images An oil rigger at a Schlumberger field prepares pipes in Midland, Texas. The world’s largest oilfield services provider Schlumberger reported an 88 percent rise in quarterly profit on Friday as rising crude oil prices encouraged its North American clients to ramp up spending. Net profit attributable
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