Finance

Shannon Stapleton | Reuters Apple CEO Tim Cook speaks during an Apple launch event in the Brooklyn borough of New York, October 30, 2018.  Apple is going to announce its new video streaming service plans at an event in Cupertino, Calif., on Monday, March 25. Over the past few months, CNBC has reported many details
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David A. Grogan | CNBC Brian Roberts, CEO, Comcast, speaks with Jim Cramer, on CNBC’s “Mad Money” from Philadelphia, September 6, 2018. Comcast is making it easier for its broadband-only customers to access streaming video without an outside set-top box. For $5-per-month, Comcast will give its internet-only customers a connected box to watch Netflix, Amazon
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As the mobile wallet market grows in profitability, however, competition is also heating up. Go-Pay’s largest rival, Ovo, is backed by Singapore-based tech company Grab and is one of the largest players in Indonesia’s digital payment market. State-owned enterprises have also recently collaborated to launch the mobile payment service, LinkAja. Haryopratomo said he was “excited”
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Levi Strauss priced its initial public offering at $17 per share, the company announced late Wednesday. That number comes in higher than the expected range, valuing the iconic denim company at about $6.6 billion and bringing its total raise to about $623 million. The company was expected to price its offering of about 36.7 million
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FRANK RUMPENHORST | DPA | Getty Images Picture taken on March 17, 2019 shows the headquarters of German banks Deutsche Bank (L) and Commerzbank in Frankfurt am Main, western Germany. Back in 2007, Deutsche Bank had its own balance sheet of 2 trillion euros ($2.25 trillion) and a market capitalization of nearly 50 billion euros,
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Check out the companies making headlines after the bell: Shares of Tilray were up more than 2 percent in extended trading Monday following the release of the Canadian cannabis company’s fourth-quarter earnings. Tilray reported a loss of 33 cents on revenue of $15.5 million. Wall Street estimated revenue of $14.1 million. Brendan Kennedy, President and
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Michael Nagle | Bloomberg | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, Jan. 2, 2019. Check out the companies making headlines midday Friday: Broadcom — Shares of the chipmaker jumped more than 9 percent after the company reported better-than-expected earnings. Broadcom posted
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Check out the companies making headlines after the bell: Shares of Ulta Beauty jumped more than 4 percent in extended trading Thursday following the release of the beauty company’s better-than-expected fourth-quarter earnings. Ulta reported earnings per share of $3.61 on revenues of $2.12 billion. Wall Street estimated earnings per share of $3.56 on revenues of
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Check out the companies making headlines midday Thursday: General Electric — GE rose 2.8 percent in trading after CEO Larry Culp expressed optimism about the company’s struggling power business bouncing back in 2020 and 2021. While the company’s 2019 outlook was worse than analysts expected, Culp’s first forecast gave shareholders hope that GE’s fortunes have
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Check out the companies making headlines after the bell: Shares of database company MongoDB surged more than 17 percent after market close Wednesday based on better-than-expected fourth-quarter earnings. Beating on the top and bottom lines, the company reported an a loss of 17 cents per share, beating Refinitiv estimates by 21 cents. MongoDB earned $85.5
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Brendan McDermid | Reuters Traders work on the floor of the New York Stock Exchange, October 30, 2018. Check out the companies making headlines midday Wednesday: Aurora Cannabis — Shares of Aurora Cannabis rose 10 percent in midday trading after the company announced that billionaire activist investor Nelson Peltz will join as a strategic advisor.
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Companies in all nine regions of China planned to increase hiring, according to the survey. But the level of hiring intentions declined in seven of those regions, notably in Beijing and Shanghai. The report characterized the labor market in the capital city as “quiet” and said Shanghai “employers anticipate limited payroll gains.” Shenzhen and Chengdu,
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