Business News

Latest headlines for business news around the world.

Cisco beats first-quarter estimates, meets guidance expectations

Cisco beat expectations for the fiscal first quarter and met expectations for the next quarter.

Posted on 14 November 2018 | 4:16 pm

Obamacare early enrollment rate drops in first sign-up season since GOP changes

Obamacare sign-ups on the federal health insurance marketplace fell by 20 percent in the first two weeks of this enrollment season compared to last year, according to new federal data.

Posted on 14 November 2018 | 3:26 pm

As Macy's shrinks its stores, CEO Jeff Gennette says this is what he will do with the extra space

Macy's is testing smaller stores to save money, leaving it with room to bring in other retailers or mini-fulfillment centers, according to CEO Jeff Gennette.

Posted on 14 November 2018 | 1:53 pm

Snap is 'so beaten down' that the stock may have bottomed out, says investor Andrew Left

Short-seller Andrew Left was bullish on Snap following news Wednesday that the company has been subpoenaed by the U.S. Department of Justice and the Securities and Exchange Commission.

Posted on 14 November 2018 | 1:46 pm

SurveyMonkey stock shoots up as more businesses buy in

Wednesday's surge reverses a downward trend for the recent IPO company.

Posted on 14 November 2018 | 1:21 pm

Morale at Facebook is reportedly in the dumps

An internal Facebook survey reportedly found that its employee confidence, pride and commitment have decreased over the past year. The declines come after a rough year for the company, including a declining stock price.

Posted on 14 November 2018 | 1:14 pm

Victoria's Secret CEO Jan Singer to step down

Victoria's Secret, owned by L Brands, has struggled to grow sales as younger shoppers turn to more inclusive bra and underwear retailers.

Posted on 14 November 2018 | 11:42 am

Coca-Cola Christmas truck tour scaled back in the UK after backlash from campaigners

Coca-Cola's annual Christmas truck tour has been made shorter this year as health campaigners pressure the company.

Posted on 14 November 2018 | 11:03 am

North American trade deal must change to pass Congress, Democrat Bill Pascrell says

President Donald Trump's trade deal with Canada and Mexico can't pass Congress in its current state, Rep. Bill Pascrell said on Wednesday, according to Bloomberg. 

Posted on 14 November 2018 | 11:02 am

This 71-year-old man still owes $60,000 in student loans

Many Americans are already unprepared for retirement. Now more older people are still paying down their student loans. 

Posted on 14 November 2018 | 10:43 am

Disney has the best brand in streaming, but it's stepping into a 'food fight' with tech: Malone

With billions of dollars pouring into original programming for over-the-top services, Disney is stepping into the middle of a "food fight," Malone said. 

Posted on 14 November 2018 | 10:21 am

Alan Greenspan says he is seeing 'the first signs' of inflation

Former Federal Reserve Chairman Alan Greenspan said Wednesday he is "beginning to see the first signs" of inflation in the U.S. economy, speaking in an interview with Bloomberg on Wednesday.

Posted on 14 November 2018 | 10:17 am

Atlanta offered Amazon its own train car if it brought HQ2 to the city

A newly released proposal from Atlanta shows that it offered Amazon the chance at its own train car to deliver goods throughout the city if it was selected as the location for HQ2. 

Posted on 14 November 2018 | 10:10 am

Hedge funder Steve Cohen says returns won't be very good over the next 2 years, bear market possible

Billionaire Steve Cohen sees the U.S. economy slowing and predicted a bear market is coming as early as 18 months from now, according to a report by the Financial Times on Wednesday.

Posted on 14 November 2018 | 9:45 am

Tweet leads Mark Cuban to invest in biotech company Perlara and quest to cure rare genetic disease

A Twitter exchange led to Cuban's fund, Radical Investments, putting $250,000 into Perlara's $7.4 million fundraising round. Now, Cuban's investing again to find treatments for an extremely rare disease called Leigh syndrome.

Posted on 14 November 2018 | 9:00 am

'Facebook is the new cigarettes,' says Salesforce CEO

Salesforce CEO Marc Benioff compared using Facebook to a deadly cigarette addiction in a wide-ranging interview with Recode editor Kara Swisher. The interview is set to air on MSNBC on Sunday at 10 p.m. ET.

Posted on 14 November 2018 | 8:41 am

A giant insurer is offering free Apple Watches to customers who meet walking goals

UnitedHealthcare members enrolled in the Motion program can get an Apple Watch for the cost of taxes and shipping alone, if they reach certain fitness milestones.

Posted on 14 November 2018 | 8:37 am

Former Instagram CEO: Policing social media is important to the future of the world

Instagram Co-founder and former CEO Kevin Systrom said it's important for the future of the world that social media companies be policed well and take their issues of misinformation and harassment seriously.

Posted on 14 November 2018 | 8:18 am

Bloomingdale's to start selling high-end appliances ahead of the holidays as Sears struggles

Later this month, Bloomingdale's will open a store within its flagship department store in New York on 59th Street for high-end LG Electronics appliances. It will also sell those items on its website. 

Posted on 14 November 2018 | 6:00 am

S&P 500 falls for a fifth straight day as Apple and bank shares struggle

Stocks fell on Wednesday as shares of Apple rolled over and fell briefly into a bear market. A decline in bank shares also pressured the broader market.

Posted on 14 November 2018 | 4:51 am

Italy's populist government defies the EU, sticking to its 2019 budget targets

The Italian government said Wednesday it would stick with its high-spending budget plan, in a rejection of calls by the European Union to revised its spending targets.

Posted on 14 November 2018 | 3:04 am

Dubai airport is on its way to receiving its 1 billionth passenger

But as Dubai International Airport continues to grow, it faces an increasing infrastructure challenge, leading to capacity constraints, CEO Paul Griffiths told CNBC.

Posted on 14 November 2018 | 2:42 am

European stocks close lower; UK looks for unity on Brexit divorce draft

European stocks moved lower on Wednesday as oil prices moved higher.

Posted on 14 November 2018 | 1:37 am

Alipay's parent company says tech services — not payments — will be its main business in the future

Ant Financial runs Alipay, one of China's most popular mobile payments systems. Alipay accounts for the majority of its revenue now, but that could change in the future. 

Posted on 13 November 2018 | 10:40 pm

Chinese tech giant Huawei plans to introduce 'augmented reality' glasses in next one or two years

Richard Yu, CEO of Huawei's consumer business, told CNBC that the augmented reality glasses could be ready in "one to two years."

Posted on 13 November 2018 | 7:44 pm

Cramer Remix: This stock has engineered the greatest turnaround story of our era

Jim Cramer reveals how Bausch Health has put together an amazing comeback.

Posted on 13 November 2018 | 7:02 pm

Cramer's lightning round: Dropbox's stock is a buy even after the tech sell-off

Jim Cramer flags an opportunity in shares of data-focused technology play Dropbox in the lightning round.

Posted on 13 November 2018 | 6:46 pm

Cramer shares 'chart master' Larry Williams' top trades for the end of the year

Jim Cramer and technician Larry Williams outline some potentially lucrative trades in the retail sector.

Posted on 13 November 2018 | 6:31 pm

'It would be crazy' for the Fed to ignore these key slowdown signals: Cramer

Jim Cramer says that between signals of slowing inflation and the U.S.-China trade dispute, stocks could benefit from a more "rational" Federal Reserve.

Posted on 13 November 2018 | 6:19 pm

Analysts are missing the mark on shares of Apple and FANG, Cramer says

Jim Cramer reviews the negative coverage of Apple, Facebook, Amazon, Netflix and Alphabet's stocks and offers his counterarguments.

Posted on 13 November 2018 | 6:11 pm